Strategic & Reputation Risk
Strategic risks have the potential to disrupt business strategy, but they can also be tremendous opportunities to achieve competitive advantage. Deloitte can help your organisation to identify and interpret strategic risks and prepare for and act upon them.
We live in a world that is Vulnerable, Uncertain, Complex and Ambiguous—a VUCA world--and that is why organisations continuously need to anticipate, adapt, manoeuvre, make decisions and change course. To be able to do so you need to change your approach to risk. Currently, most organisations focus on regulatory, financial, and operational risks: risk areas that are externally driven or for which the payoffs are immediately visible. For strategic risks however, it is far more difficult to estimate what the expected payoff will be, but they are the ones that can influence the core of your company’s strategy and business model. So how do you identify these strategic risks and let them work to your advantage?
Drawing on a range of talented people with in-depth industry experience, knowledge of macro trends and horizon-scanning techniques, and with advanced software for identifying and tracking the weak signals of change, we can help your organisation to map the strategic risks it is exposed to. We can help you get insights about the (desired) future state of your organisation and interpret the identified strategic risks. Additionally we can help you to prepare and to act upon the strategic risks by identifying the key signals to those risks and support you in the alignment and decision-making process within the organisation.
These are a few of the Strategic Risk services with which we help our clients:
- Strategic Risk Sensing
Risk Sensing employs human insight and advanced analytics capabilities to identify, analyse, and monitor emerging risks to the organisation’s business model, long-term viability, and ability to create value.
- Strategic Risk Assessment
Diagnose your current strategic assumptions, blind spots and organisational dynamics to gain fresh insights into competitive advantages, vulnerabilities and strategic risks. Explore future trends and scenarios to understand the strategic risks they may pose.
- Risk Appetite
Connect the organisation’s vision, mission and strategic objectives to the overall risk philosophy.
- Strategic Risk Lab
A full day inspirational and energetic co-creation session in which organisations can experience the business impact of the future of (strategic) risk management and discuss the roadmap for your organisation. The lab focuses on methods and technologies to make organisations resilient and vigilant with respect to strategic risks.
- Strategic Risk Roadmap, Dashboard creation and reporting
Assessment of the gap between the current and future (ambition) state. Identify the activities, planning, deadlines and milestones, and plot these on a roadmap for the next three to five years. Create MI dashboards based on the strategic Key Risk Indicators and the external trends and developments that could help executive management in risk-based decision making.
Our multidisciplinary teams have distinct experience in working with or as (non) executives on brand and reputation dilemmas in moments that matter the most. In teams like these, we combine strategic knowledge with our sector and company specific knowledge. We use the latest technology-enabled solutions, not from a technological perspective but always from a business perspective so that we let technology serve the business.
Risk Powers Performance
Today’s business climate is characterised by disruption and volatility. At Deloitte, we help businesses gain a new view of risk—seeing risk management as a vital performance lever, revealing untapped opportunities to create competitive advantage.