Time Spent Identifying and Assessing Strategic Risks

Whether it comes in the form of a major supply chain disruption, a failed business venture, or a massive cyber-attack, strategic risk cuts right to the heart of an organization’s ability to execute its strategy or continue its business operations. This article reviews APQC’s benchmarking data on the average amount of time that organizations spend identifying and assessing strategic risk, finding that top performers spend 75 percent more time on this critical activity than bottom performers. The article also provides a framework with steps that many leading organizations use to identify, assess, prioritize, and continuously monitor strategic risk effectively.