Exploring strategic risk, Risk transformation

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Exploring strategic risk

The view of strategic risk is changing

Deloitte recently surveyed more than 300 executives from major companies around the world to understand how businesses are managing strategic risk - now and in the future.

Exploring strategic risk Deloitte's new global survey report offers fresh insights into how companies view and manage the risks that affect their business strategy. The report includes results collected from more than 300 C-level executives and board members, representing the world's major commercial industry sectors and geographic regions.

Key findings:

  • Strategic risk is an area of major focus: 81% of surveyed companies now have an explicit focus on managing strategic risks and embedding an explicit analysis of risk into their strategy planning process
  • Reputation is cited as the #1 risk – not just overall, but for most individual industry sectors
  • Strategic risk management is a CEO and board-level priority. Two thirds (67%) of the surveyed companies say the CEO, board or board risk committee has oversight when it comes to managing strategic risk
  • Technology enablers and disrupters, such as social, mobile, and big data, could threaten established business models, and 91% of companies surveyed have changed their business strategies since those technologies began to emerge
  • Human capital and innovation pipeline are expected to be the top strategic assets that businesses will need to invest in.
Exploring strategic risk

Exploring strategic risk infographic

About the survey

The findings in this report are based on a global survey conducted in the spring of 2013 by Forbes Insights, on behalf of Deloitte. It includes insights from more than 300 respondents from the Americas (33%), Europe/Middle East/Africa (33%), and Asia/Pacific (34%). Nearly all respondents were C-level executives (263), board members (22) or specialised risk executives (21). Surveyed companies came from all five major industry sectors (consumer/industrial products, life sciences/healthcare, technology/media/telecommunications, energy/resources and financial services), and all had annual revenues in excess of US$1 billion (or equivalent).

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