Analysing strategic risks by integrating risk with strategy setting

Analysing strategic risks by integrating risk with strategy: challenging assumptions constructively and safely.

Extract from Corporate Compliance Insights – Jim Deloach:

Strategic risks arise when (a) the business model is not effectively aligned with the strategy or (b) one or more strategic assumptions lag behind industry realities and the strategy does not reflect the new conditions. Arising from internal process issues and/or disruptive change in the external business environment, these risks can be lethal if not known to management and the board. Because they are not susceptible to precise measurement like operational risks, often they require a qualitative analytical framework to analyze them.

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