[PDF] Risky Strategy: Understanding Risk to Improve Strategic Decisions Full PDF

What is risk? Is it a real danger or just an opportunity in disguise? Can it be out-manoeuvred or is it something to be embraced and worked <i>with</i>?<br /><br />When companies are developing their business strategies, risk may be mentioned in passing (and even then, frequently misunderstood) but is rarely seen as a key component of the strategic decision-making process. This can lead to unforeseen complications – strategy is all about making decisions that concern an uncertain future and so risk should play a significant role in that process.<br /><br />The handling or understanding of risk is often delegated to specialists and much of what is written about risk is, due to its complexity, inaccessible to the majority of senior managers. <i>Risky Strategy</i> aims to make the consideration of risk more accessible and understandable and, in doing so, develop a common language and understanding for recognising and handling it.<br /><br />Based on research carried out by Ashridge Busine