Strategic Risk Management
Defining the principal risks and uncertainties facing your business
Creating defence against the unknown
Developing a clear business strategy is notoriously difficult. Knowing what to sell, in which markets, and when can be difficult to define.
Betting the company's future on that strategy can be daunting.
Strategic risk management is about identifying the uncertainties that face your business forecast uncertainty and optimise your likelihood of achieving your strategic goals.
20%
Firms that define and disclose their principal risks have been shown to have between 10 and 20 percent less earnings and stock price volatility than companies that don't.
Our approach
Our experienced team of 'C' Suite executives will navigate through a three-stage process to develop a detailed narrative of your principal risks and uncertainties.
1
2
3
Research
Workshop
Consult and finalise
To ensure relevant information is considered as part of the strategic risk review, we start by conducting detailed research including:
Industry analysis
Economic factors
Annual reports
Previous audit opinions
Strategy and business model
Executive profiles
Organisation structure
News and/or media
The connection between strategic risks and operational risks starts with strategy.
Bringing business leaders together to examine the key issues facing the business, and the issues they must embed into their decision making.
Finally, we will craft a set of principle risks with clear alignment to the business strategy.
The final draft will be circulated for comment before publishing the foundation document from which greater risk maturity can be built, monitored and managed.