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Strategic Risk Management: Are Organizations Doing It Right?

Jul 28, 2014 4:18:21 AM / by Shanmugavel Sankaran posted in grc, grc system, Risk Management, smb, srm, Blog, organizational risk

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Strategic Risk Management (SRM) includes the processes which can help to identify uncertainties and opportunities that can affect an organization’s strategies. SRM also supports the core Enterprise Risk Management (ERM) objective of guiding the organization’s strategic business decisions that impact business performance. However, due to lack of awareness about SRM, the capability of ERM processes is limited. The need for organizations now is to understand the important role of strategic risk as part of their overall risk management processes, and how they can leverage technology to manage and integrate SRM and ERM into key decision-making.

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