How To Manage Strategic Risk
A clear and decisive enterprise risk management strategy will bring you the success you want quicker and with more certainty.
Determining the right street to go down with more certainty at each turn takes prior planning. Snap decisions based on many years of experience may well be successful, but it is less likely than decisions made out of the heat of battle, before the battle even starts.
At the end of a conclusive business risk strategy review you should have a strategic and operational risk management plan to guide your business to a more sustainable future that focuses on the long-term, not how to survive the next quarter.
Strategic Risk Management Framework
There is a growing consensus that capitalism is failing itself, the corporate world and those who are stakeholders in the benefits of capitalism.
Much of the failure of capitalism is down to executives prioritising the feathering their own nests rather than the long-term resilience of the business. Many focus on short-term goals and objectives, with little investment if the longer-term outlook for the business.
The full adoption of enterprise risk management ERM principles practices and processes will stretch out the business strategy and involve more people in strategic and operational objective setting and achievement. This could make the reduction of executive incomes, but spread responsibility and accountability further down the organisation.
Do you want more corporate and career success over a longer period, or just more money?
Is your career strategy to smash grab and run, or are you confident that you are here for the long haul?