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what is strategic risk Related: Risk Management & Its type - Risk Man...
Strategic risk management can be defined as the process of identifying, assessing and managing the risk in the organization's business strategy including taking swift action when risks are realized. SRM involves evaluating how a wide range of possible events and scenarios will affect the strategy and its execution and the ultimate impact on the company's value. “Risk” is all-inclusive, encompassing everything from product innovation risk and market risk to supply chain risk and reputational risk. A primary component and foundation of enterprise risk management, SRM requires the organization to define tolerable levels of risk as a guide for strategic decision-making. It is a continual process that should be embedded in strategy setting and strategy execution.
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what is strategic risk Related: Risk Management & Its type - Risk Management And Insurance, Principles of Insurance, B com?
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