Embedding risk into strategic planning and more

Great piece on integrating risk into strategy

Norman Marks on Governance, Risk Management, and Audit

It is easy to say that risk management should be embedded into business processes such as strategic planning. But is it that easy to accomplish in practice?

I think it’s fair to say that in most organizations they are quite separate.

I would also say that many times risk management focuses on harms and strategy on opportunities, almost as if one was a pessimist fearing the worst and the other a cock-eyed optimist hoping for the best.

My good friend, Dan Swanson, shared a link to a series of questions about strategic planning from the consultancy firm of Bain & Company.

Is your strategic planning world class has twelve questions, each of which is relevant and useful.

Please go through the twelve and come back here for further discussion.

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So, did you see any mention of risk or risk management?

Did you see any indication that risk is embedded…

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