Insights & Innovation
Risk is defined by those elements which promote failure instead of success in one’s endeavors. Given that strategic planning is designed to guide an organization
An effective risk management process is key to successful strategy management.
If you are questioning the value of strategic planning or desire better strategy outcomes, learn more about strategy management.
There are a number of well-known models for strategic planning, with various terminologies supporting these models. Any of these models can be employed successfully. Independent of model and terminology, effective strategic planning requires three core components: Vision, strategy, and execution. Managing the transition between these components will increase successful strategic outcomes.