Strategically Speaking October 2015: How Do You Integrate Strategy and Risk Management?
In this series, Palladium asks expert strategy practitioners to share their experiences and opinions. We asked:
In today’s globally connected economies, organisations face growing strategic risk. Risk might come from many places: disruptive technologies, competition from suprising sources, local and global economic conditions and political change, amongst others. As the execution of any strategy requires some level of risk-taking, it could be argued that strategy and risk are flip sides of the same coin.
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?