Strategic Risk Identification Model Construction
Shang Ying-qiu
Abstract
Shang Ying-qiu
Abstract
With the degree of uncertainty in the external environment of company increasing,corporate strategic risk improves,and strategic risk management become the new core competencies.Strategic risk identification is the prerequisite and basis of strategic risk management.In present the identification of strategic risk has not been uniform,either identifying risk from a strategic management process,or from the external environment,or from the internal value creation process,etc.This paper argues that fully identifying corporate strategic risk should be full synthesis of existing research.Based on researching and reviewing the domestic and foreign strategic risk theory,this paper redefines the content of strategic risk,and puts forward strategic risk identification model,which is consisted of strategic objectives,strategic management process,strategy,strategic environment,strategic managers,and notes that the strategic risk come from the elements of strategic management,and analyzes and elaborates the possible strategic risk from each element.And based on the strategic management process,strategic risk is divided into the strategic analysis risk,strategic choice risk,strategy's own risk,strategic implementation risk.
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With the degree of uncertainty in the external environment of company increasing,corporate strategic risk improves,and strategic risk management become the new core competencies.Strategic risk identification is the prerequisite and basis of strategic risk management.In present the identification of strategic risk has not been uniform,either identifying risk from a strategic management process,or from the external environment,or from the internal value creation process,etc.This paper argues that fully identifying corporate strategic risk should be full synthesis of existing research.Based on researching and reviewing the domestic and foreign strategic risk theory,this paper redefines the content of strategic risk,and puts forward strategic risk identification model,which is consisted of strategic objectives,strategic management process,strategy,strategic environment,strategic managers,and notes that the strategic risk come from the elements of strategic management,and analyzes and elaborates the possible strategic risk from each element.And based on the strategic management process,strategic risk is divided into the strategic analysis risk,strategic choice risk,strategy's own risk,strategic implementation risk.
Key concepts: Strategic financial management, Strategic planning, Strategic sourcing, Strategic control, Risk management, Business, Strategic management, Strategic Choice Theory