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Hi Kim,
I believe you doing well.
I have two questions:
1. Can the business risks that compromise business objectives in the long term be considered strategic risks? for example, the company is having poor staff retention probably due to poor governance as well as unattractiveness of the location(i.e. war zone, political tension, poorly developed region, etc.) to appropriate staff.2. In the exam, how can we present the probability versus the impact of risks type of table considering that there is no pen/ drawer or any other advanced tool in the inbuilt word processor? For example in the specimen exam, one question explicitly asks to provide a heat map for the risks faced by DCS Co.
Thank you.
They could be. For example, an operational objective could be to increase sales by 25% in 2 years, but if the company had adopted the wrong technology that objective might not be met because 9f a wrong strategic decision.
I suggest using ‘columns’. Eg
Probability of occurrence Effect Action
High Serious Avoid
High Slight Reduce impact
Low Serious Insure
Low Slight AcceptOf course, it might not line up quite right, but that shouldn’t matter.
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