Does Risk Management Increase Strategic Risk?

Strategic Risk Management
Knowledge Center

Strategic Risk Management > Forum

New Topic

Hong Sun
Management Consultant, Canada
🔥NEW In most organizations, risk management is considered a vital function and attracts great attention from C-suite officers. However, according to Steven Denning, the author of "The Age of Agile" and a senior contributor of Forbes, the traditional way of risk management not only is ineffective in turning risks into opportunities, but gives rise to the oppositeómore risks. He gives the following 10 arguments: WRONG FOCUS:The most prevalent approach to risk management focuses on new investments. In this approach, risk managers evaluate and aggregate the risks of potential investments to ensure that only an appropriate level of risk is taken. But this approach is under the assumption that the existing business is risk free and can go on indefinitely "as is," which is completely at odds with the reality that in today's VUCA world where disruption is endemic, continuing the existing business "as is" is a sure recipe for disaster. As a matter of fact, the single biggest risk in most big fir (...) Read more? Sign up for free

  Alkhaly Mohamed Tahey Conde
Lecturer, Guinea

Risk Management Does not Increase Strategic Risk When it is in Line with Sustainable Development

Risk Management must be conducted within opportuni (...)

  Chander Shenoy
Business Consultant, India

Risk is Born as Opportunity Arises

When there is no opportunity, there is no risk. It (...)


More on Strategic Risk Management
Enterprise Risk Management versus Strategic Risk Management
Strategic Risk Identification and Mitigation in Banking
SRM Experiences and Results
Does Risk Management Increase Strategic Risk?
How to Manage Unavoidable Risk
Strategic Risk Management in Agri Business
An 8th Class of Strategic Risk?
Involve SRM when making Strategic Decisions
Classes of Political Risk. Types
ISO 31000 on Risk Management
Opportunism in Risk Management
Strategies for Investment Risk Mitigation
Risk Management for Beginners
Go find Risks... Embracing Risks
SRM for Central Banks?
Best Practices
Current Economic Conditions and Strategic Risk Management
The Organizational Drag of Risk Management Must be Diminished
Strategic Expenditures (StratEx)
Special Interest Group

Are you interested in Strategic Risk Management? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

Strategic Risk Management
Knowledge Center


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2021 12manage - The Executive Fast Track. V15.7 - Last updated: 18-1-2021. All names ô of their owners.