Strategic risk management involves identifying and mitigating potential threats from "summary" of The New Strategist by Gunter Muller-Stewens
Strategic risk management is a critical aspect of effective strategic planning. It involves the identification and mitigation of potential threats that could impact an organization's ability to achieve its objectives. By proactively assessing risks and developing strategies to address them, companies can better position themselves to navigate uncertainties and challenges in their operating environment. One key aspect of strategic risk management is the identification of potential threats. This involves a systematic process of scanning the external environment and assessing internal capabilities to identify risks that could impact the organization. By understanding the various risks that the organization faces, decision-makers can develop targeted strategies to address these challenges before they escalate into larger issues. Once ...
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