 |
Risk as Strategic Advantage
What if risk was perceived by your organization as strategic advantage, hidden opportunity, potential innovation? Would this change how you and your organization dealt with risk?
Risk as strategic opportunity is more a mindset than a process. This mindset includes: • An awareness of risk possibility from points of view of staff, Board and key stakeholders • Risk is seen as possibility and advantage, not compliance and protection • Every risk treatment also includes a strategic opportunity • Risk as innovation is embraced by the whole organization at all levels
New Chief Executive Quick Guide! "Strategic Risk Management" only US$45
New Quick Guide: "Strategic Risk Management: Risk as Strategic Advantage for Nonprofit Leaders". 67 pages of thought provoking strategies and templates that will facilitate risk management within your nonprofit organization. All nonprofit organizations have unlimited potential and possibility to become successful and thriving if they have conscious leaders who understand risk and how to use it and manage it. Higher levels of conscious choice and intensity of awareness are the keys to creating a balanced integration of organization vision, strategy, risk and operational realities. Let go of what you thought risk was, and embrace this new, innovative view of risk that embeds strategy, innovation and risk throughout the organization in a way that is easy and quick. This methodology for risk management has been tested with nonprofit Boards and leadership teams throughout the world, and has fundamentally changed how nonprofit organizations view and treat risk.
Click here for more information and content list
Conscious organizations view risk as strategic advantage.
They deal proactively with the risk potentials, they look at the risk per se as an exciting prospect to understand their business and people, and to grow and expand their opportunities.They perceive risk as source of market advantage, not as a problem to be fearful of.
Risk is not inherently right or wrong, good or bad; it is more the things that happen outside our expectations that might have an impact on our ability to achieve the strategic initiatives of the organization. Organizations that perceive risk as strategic advantage and use it as a strategic decision-making tool are able to adapt effectively and take advantage of opportunities more effectively than those that do not.
* Do your Board and leadership team view risk as trauma and drama, something that needs to be protected against? * Does your organization view risk as bad, complex and to be avoided, or as a strategic advantage that can enable the organization to undertake activities that others might not even consider.
Role of the Board in conscious risk management
Most Boards (and staff) of organizations misidentify and misapply risk as something that needs to be protected against, something to be feared. This mindset towards risk effectively neutralizes and denies the possibility that risk can be a great strategic advantage, enabling the unlocking of creative and innovative opportunities that other organizations would not even consider possible.
Check it out now >>
|
