Strategic Risk

• Contents of the printed bookWhy read this guide? Why is strategic risk different? Recommended approach•involvement of the board•culture•communication•the feedback process•organisation for managing risk Applying the approach•management of strategic risk •foreseeable risks•unforeseeable risks and uncertainty•responding to strategic risks•managing unexpected situations Useful tools•horizon scanning •concept mapping•pattern recognition•risk grouping ConclusionAppendix 1: Self-assessment checkAppendix 2: Checklist of strategic risksAppendix 3:Further readingAppendix 4:Contents of CD-ROM, Template for ChangeContents of the CD-ROMIntroduction•10 minute video introduction•overview•how to use the CD guide Aims of the STRATrisk project•project ambition•our approach•project partners•project timeframe Project phases•methodology•literature review•main findings•industry workshops•PowerPoint presentation•feedback to industry•engagement and testing concepts with Boards•conclusions and recommendations Enabling processes and technologies•the ten-step process•risk hierarchies•concept mapping•pattern recognition and networks•horizon scanning•project risk guidance – RAMP Underpinning knowledge•systems thinking•complexity science•strategy and scenario planning•decision support science•change development Video clips•Introduction to STRATrisk (Einstein video)•Make change early to avoid risk (Peter Birch), courtesy of 50 Lessons•You can never get rid of risk (Sir Peter Middleton), courtesy of 50 Lessons •Decision explorer, courtesy of Banxia NA Appendices•semi-structured research questionnaire•cultural questionnaire•case studies on risk from Reading University•self-assessment check

Reading this report will make company directors think hard - and few will decide to ignore its cogent and direct advice