Currency
Strategy is hard. Risk Management is hard. Putting the two together creates a ‘wicked’ combination, the size and complexity of which will tax even the best of minds. To succeed, a smart Board will consider the problem of how to develop and then execute a meaningful strategy in advance of when they need to.
Strategic Risk Management is aimed to help Boards to stop and think before they leap, in the hope they will be more likely to succeed when they do decide to make major strategic decisions.