What is SRM / Strategic Risk Management? Strategic risk management (SRM) is best described as the process of identifying, assessing, and managing any risk that affects organization's strategy, strategic objectives, and strategy execution. Does your organization have a such process? If you answered yes!, great. Your organization is ahead of many by having a strategic risk management. That’s great! Because that means you have overcome the challenges I talk about in my 5-part video series on Linking ERM to Strategy. The best and simplest way to describe the strategic risk management process is to say that it requires managing key input variables (internal and external environments) and key output factors (mission, objectives, strategy, and policies). These factors influence how strategy formulation, implementation, and evaluation and control are related, and how a change in any one factor (e.g., corporate objectives) affects other factors (e.g., strategies, policies, pro...
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