strategic risk definition
Strategic risk is generally defined as being any risk (threat or opportunity) that materially affects the ability of an organisation to survive (STRATrisk, 2005). All organisations are vulnerable to strategic threats to varying degrees despite their greatest efforts to manage them; a Deloitte Research study of the.his is of greatest importance in understanding strategic risk and is the concept underlying the research here; the notion that decision-makers’ ability to perceive strategic risks is directly related to their perception of the world.
Risk is anything that can derail your nonprofit from accomplishing its mission. Risk management is a discipline for identifying risks, assessing how serious or severe the risks are, and determining ways to address that uncertain future with a goal of avoiding or minimizing harm and financial losses.