Strategic risk management

mapping the commmanding heights and hazards

Anthony Asher, Andrew Gale

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Strategy prepares for effective operations. It seeks in particular to develop an organization’s market position and core competencies. These can also be described as intellectual capital, and can be effectively measured by actuarial values or forecasting techniques. Strategic risk is defined in this paper as a by-product of strategy, and can also be evaluated using appraisal values or the modelling of future scenarios. The paper then discusses the use of scenario planning, Delphi techniques and real option analysis to assist in the development of comprehensive strategic plans and the risks that threaten their successful implementation.
Original languageEnglish
Title of host publicationInstitute of Actuaries of Australia Biennial Convention 2007
Subtitle of host publicationproceedings
Place of PublicationSydney
PublisherInstitute of Actuaries of Australia
Publication statusPublished - 2007
Externally publishedYes
EventInstitute of Actuaries of Australia Biennial Convention - Christchurch, New Zealand
Duration: 23 Sep 200727 Sep 2007

Conference

ConferenceInstitute of Actuaries of Australia Biennial Convention
CityChristchurch, New Zealand
Period23/09/0727/09/07

Keywords

  • strategy
  • strategic risk
  • appraisal values
  • scenario planning

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