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The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks?

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5 Steps towards an Actionable Risk Appetite

LogisManager

Risk appetites and tolerances are the perfect way to make data-driven, performance-enhancing decisions while developing a system to understand when and where your business is taking on too much risk, or not taking on enough. Risk Appetite. Risk Tolerance. Risk Appetite.

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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains.

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Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Cybersecurity. Business Continuity.