Strategic Risk vs Strategy Risk
John Spacey, updated on
Strategic risk is the potential for conditions in the business environment to threaten your ability to achieve a strategy. Strategy risks are the risks associated with a particular strategy.Strategic risks are mostly external factors beyond your control. Strategy risks are mostly related to the effectiveness of your strategy. The following are a few examples:
Strategic RiskStrategic risks are related to the business environment such as competition, regulation, markets, economic conditions and political factors. An example of a strategic risk is technological change that threatens your business model.
Strategy RiskStrategy risk is the potential that a particular strategy will fail. An example of strategy risk is the chance that a project to develop a new product will run late or go over budget.
RisksThis is the complete list of articles we have written about risks.
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