Establish a Risk Management Framework as You Advance Your Mission
"Risk management means protecting oneself from the adverse and unexpected decisions others may make and, in the process, making better decisions than they do."
Project risks, strategic risks, operational risks… All organizations face risk – no matter the sector or the size.
Well-managed organizations should have a complete risk management framework established to identify and manage this inherent facet of doing business in today’s ambitious environment.
An effective framework will include;
- Identification,
- Measurement,
- Mitigation,
- Reporting and Monitoring, and
- Governance
Woodland Strategies, a strategic planning firm in Minneapolis, MN can assist you and your teams as you navigate risk assessment and management, and work to achieve positive outcomes for your organization’s mission and vision. We will provide you with a risk register, risk breakdown structure, risk matrix and risk mitigation plan.
This will help you as you consider an expanded strategic risk management approach as you refine your competitive advantage, a vital part of any strategy.
Get started today! Contact us to schedule an initial complementary consultation.
Rogers, B. Bruce Rogers, Sniderman, B., McLeod, B., Moreno, K. Serafin, T. Exploring Strategic Risk 300 executives around the world say their view of strategic risk is changing. https://www2.deloitte.com/content/dam/Deloitte/at/Documents/risk/GRC_Survey_Exploring%20Strategic%20Risk_2013.pdf Deloitte Touche Tohmatsu Limited, 2013.
Kernez, R. Competitive Advantage: The Key to Business Success. https://www.forbes.com/sites/forbescommunicationscouncil/2024/02/07/competitive-advantage-the-key-to-business-success/ February 7, 2024.
Tonello, M., Strategic Risk Management: A Primer for Directors https://corpgov.law.harvard.edu/2012/08/23/strategic-risk-management-a-primer-for-directors/ August 23, 2012.
This article or any other promotional material(s) from Woodland Strategies, Inc. is in no way intended to be a comprehensive plan.
Please note all markets, circumstances, and results vary. Any strategic plan or marketing initiatives must follow all State and Federal laws and regulations, accordingly.
Please contact us directly for a complete assessment and plan for your individual organizational needs.