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Strategic Risk: Risks to Achieving Business Goals
Strategic risk is the risk that an organization takes when it makes strategic decisions, such as entering a new market, introducing a new product, or changing its business model. This type of risk is associated with uncertainty and the potential for losses due to unexpected events or changes in the external environment. Strategic risk can include a wide range of risks, such as financial, operational, legal, reputational, and political risks. Strategic risk management involves identifying, assessing, and managing the risks associated with strategic decisions. Risk management strategies can include developing contingency plans, diversifying investments, and implementing risk mitigation measures. Strategic risk management is an important part of any organization’s overall risk management strategy.
Hear from world-renowned GRC analyst Michael Rasmussen about 6clicks and why it's breakthrough approach is winning
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'Push-down' standards to teams
'Push' your standard templates, controls, and risk libraries to your teams.
'Roll up' analytics for reporting
Roll-up analytics for consolidated reporting across your teams.
Our customers have spoken.
They genuinely love 6clicks.
"The best cyber GRC platform for businesses and advisors."
David Simpson | CyberCX
"We chose 6clicks not only for our clients, but also our internal use”
Chief Risk Officer | Publically Listed
"We use Hub & Spoke globally for our cyber compliance program. Love it."
Head of Compliance | Fortune 500
"The 6clicks solution simplifies and strengthens risk, compliance, and control processes across entities and can grow and adapt as the organization changes and evolves."
GRC 20/20 Research LLC