Understanding Strategic and Reputational Risk: Impact and Effective Management

What is a strategic and reputational risk?

Strategic Risk:

Risks from a company's strategic decisions or objectives
Can have a significant impact on a company's financial performance and long-term success
Effective risk management involves regular assessment, implementation of policies and procedures, and ongoing monitoring and analysis.

Reputational Risk:

Potential harm to a company's reputation
Can result from negative media coverage, poor customer service, or unethical behavior
Effective management involves identifying threats, proactive strategies, and ongoing monitoring and analysis.

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