Competency
Justify the inclusion of risk management in strategic planning.
Student Success Criteria
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Scenario
You serve on the board of a regional strategic committee for your local Chamber of Commerce. Due to the COVID-19 pandemic, the committee has decided to develop some resources for local small businesses to develop their risk management strategies. You are assigned the task of writing a research brief on the importance of risk management to the strategic planning process for small businesses.
Instructions
Create a research brief that addresses the following:
- The importance of strategic risk management
- How strategic risk management affects organizational goals
- The role of corporate governance
- Attribution for credible sources