What is the main focus of strategic risk assessment?

Question

Quizplus · Accepted Answer

The main focus of strategic risk assessment is to identify and assess possible external threats to the company's success in accomplishing its objectives, such as economic, competitive, regulatory, and technological changes that may impact the organization's strategy and operations. It helps companies to anticipate, evaluate, and mitigate risks that could affect their ability to achieve their business goals and manage uncertainty in their environment. B is incorrect because resource allocation is part of strategic planning, not risk assessment. C is too specific and does not cover all possible risks. D is also incorrect because operational efficiency is a performance goal, not a risk management objective.

What Is the Main Focus of Strategic Risk Assessment