Strategy Execution Module 13 Identifying Strategic Risk Robert Simons 2016
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A Strategy is a plan of actions that will provide direction, purpose, and means for the achievement of business objectives. It is a series of decisions, actions, and behaviours that the organization will undertake to meet customer needs and achieve competitive advantage. The strategy, in turn, will identify opportunities and risks for the organization and provide direction to management and the workforce to respond to and mitigate those risks. This is one of the critical factors for success, and it is a primary objective of this case study. Strategy Execution is
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Strategic risk is the uncertainty about a company’s future prospects or financial performance that arise as a result of internal or external events or factors, such as technology obsolescence, the impact of a merger, or an acquisition, or changes in customer behavior, regulatory pressures, or industry events. It involves the evaluation of how well a company can cope with uncertainty, and how to reduce the impact of potential risks on its performance and future success. Identifying Strategic Risk is a key element in managing a business’s growth, and
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