Strategic Risk Management

Definition: Strategic Risk Management is the identification, assessment, and prioritization of strategic (major) risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
There are at least 7 classes of strategic risks: industry, technology, brand, competitor, customer, project and stagnation risks.

More on strategic risk management. More on business strategy: 3C's Model of Ohmae, Ansoff Matrix, Business Continuity Planning, Business Model, Business Objective, more...