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.

Learn more about strategic risk management

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

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.