How to create a roadmap for a strategic plan for your business to improve performance and achieve greater success
An enterprise risk management plan can provide a framework to focus limited business resources. A strategic roadmap created from a risk based decision making process will help your business to improve business performance for greater organisational and personal success.
A risk-based strategic roadmap will enable everyone within the business and those outside the business to clearly understand business actions or inactions and why decisions were made by those responsible for the business, at the time the decision was taken. It is not a static position. The strategic roadmap will twist and turn to reflect changes to internal and external risks acting on the business plan.
Interrelated simultaneous and consecutive risk events changing the strategic business roadmap
Risks don’t actualise in a vacuum. They can come to act upon the business in a number of different ways and spur into multiple outcomes from the same starting point. Risk management actions will also vary. The planned risk management action may have to alter depending on the type and extent of effect on business performance and future business performance.
Benefits of Strategic Business Roadmap
The main benefit is the clear setting of the direction of travel of the business that will enable finite resources to be marshalled in the most efficient way possible to achieve the best effect on the business and those affected by business activities.
Where is your business now? What do you want your business to achieve in the next x years? How are you going to get there?