In today’s current business climate, both local and global events have the potential to significantly impact your organisation and how it operates. With the watchword for the contemporary climate being agility, the necessary steps to bring your organisation’s strategy and risk management aspects together can have a lasting benefit in securing the successful attainment of both short -term and long-term organisational goals and objectives.
How can organisations integrate strategy management and risk management to strengthen the likelihood of successful strategy execution? And how can organisations' exploit positive opportunities from risk as well as mitigate the potential downside?
With globally connected economies, organisations face major strategic risks, including the current global pandemic, economic change, political change, climate change, disruptive technologies and highly competitive markets. Identifying, assessing and managing these risks is essential in the development and execution of the organisation’s strategy.