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 to success in today’s dynamic…
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.
Strategy management tools provide an integrated management approach across the strategic planning lifecycle.
Strategy management is the application of knowledge, skills, tools, and techniques to the activities of strategic planning and strategy implementation to improve strategic outcomes.
It is important for senior executives to understand why strategies fail and how to spot flaws that can have significant impact on strategic outcomes. Being able to identify flawed strategies, organizations have a much better chance of creating good ones.