Strategy risk is the risk of failure to (1) select the appropriate strategy, (2) meet the business objectives, in the stated timeframe at the desired performance level. Failure in item one or two may originate from poor execution and knowledge of internal and external influencers, and/or lack of agility in addressing the changing business environment.
Setting strategy has never been more dynamic and complex. Whether your organization's goal is to increase profitability or deliver world class government services, setting strategy in light of risks and opportunities is a common goal. Lemaire Consulting will share with you techniques that you will use over and over to sustain your strategic vision while managing risk. Similarly, executing on that strategy requires, agility, knowledge and know how.
Lemaire Consulting will demonstrate strategies and methods to break down organizational silos and identify interdependencies across organizations that impact the risk profile. We will show you how to integrate risk management into your strategic plan.
Critical Success Factors:
√ Communicate Strategic Goals clearly, simply and consistently especially the (1) risks to achieving them and (2) opportunities to be exploited. Too often organizations present the upside potential when communicating their strategic goals--part of winning is understanding how the game can be lost. √ Require Business Units to tie their Operating Plans to the Strategic Goals and identify the investment, opportunities and risks in achieving the Strategic Goals. √ The Chief Operating Officer should engage the Business Units in achieving the strategic goals and monitoring the risks.