The importance of being agile in strategic risk management
Our current and preliminary data analysis in the tech industry shows:
half of value killers are strategic setting
half of value killers are strategic execution.
The big ones:
Almost 90% of big value killers are strategic setting
The agility link:
the strategic setting mistakes and losses take 2.5 times longer to recover.
One lesson:
ERM around strategic setting risk can pay off in big ways.