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Strategy Management

By linking strategy, quality and sustainability with traditional GRC domains in a comprehensive enterprise management system, organizations can ensure the joint alignment of various disciplines and responsible business units.

How does strategy management generate value?

Strategy management focuses on the development, planning and implementation of organizational goals.

This management function shapes the company’s overall strategic direction to provide guidance and security in planning. Guidelines are developed and enforced on all organizational levels to ensure that the defined organizational goals are fulfilled. Strategy management also ensures a logical distribution of the available resources to maximize the potential goal achievement rates.

How does strategic management tie in with GRC?

Strategy management is part of the avedos GRC domain “Value”, which incorporates all processes and management tools that aid in value maximization.

This GRC domain brings together all management systems and processes beyond the traditional scope of GRC (e.g., risk management, internal control systems, security management, compliance and audit management). Although strategy management is closely interconnected to the domains of Risk and Control, it primarily focuses on the qualitative aspects of goal achievement.

Sharpen your strategy with risk2value!

Use our strategy management software risk2value to fully utilize and grow your business potential.

Strategy management backed by the software risk2value facilitates decisions on both C-suite and department levels regarding the measures for achieving organizational goals. Integrating this domain into your GRC spectrum ensures an optimal distribution of tangible and non-tangible resources and effective controls of the steps taken.  

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Objectives

Wenden Sie sich bei Fragen zum Strategy Management bitte direkt an uns.

Aligning risk appetite and strategy

Management considers the entity’s risk Appetite in evaluating strategic alternatives, setting related objectives, and developing mechanisms to manage related risks.

Enhancing risk response decisions

Enterprise risk management provides the rigor to identify and select among alternative risk responses – risk avoidance, reduction, sharing, and acceptance.

Reducing operational surprises and losses

Entities gain enhanced capability to identify potential events and establish responses, reducing surprises and associated costs or losses.

Aligning risk appetite and strategy

Management considers the entity’s risk Appetite in evaluating strategic alternatives, setting related objectives, and developing mechanisms to manage related risks.

Enhancing risk response decisions

Enterprise risk management provides the rigor to identify and select among alternative risk responses – risk avoidance, reduction, sharing, and acceptance.

Reducing operational surprises and losses

Entities gain enhanced capability to identify potential events and establish responses, reducing surprises and associated costs or losses.

Challenges

Our solution with risk2value

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Romana Hanig

SALES & ACCOUNT MANAGER