Manage Strategic Risk & Uncertainty.
Does your organisation prepare for strategic risks and uncertainties that can make or break the future of its strategy and even the company? Industries are surrounded by external uncertainties that offer attractive opportunities when detected, yet hide strategic risks if not noticed in time. @FairSights we help organisations of all kinds to actively map, monitor and manage strategic risks and uncertainties for your benefit and to avoid unwelcome surprises.
Change is constant. Identifying major changes in time and exploring how they may work out determines success and failure. The opportunities and risks they bring are two sides of the same coin. External change can turn into strategic risks when organisations do not adequately respond and ignore the opportunities they offer while new players and competitors successfully do. Markets and industries are surrounded by uncertainty. Complex and dynamic interactions between a host of known and still unknown factors shape their future while unexpected events can suddenly accelerate trends or create trend breaks. But as the future is rooted in the past and present and new trends emerge gradually over time, major change can to a large extent be foreseen in an early stage by mapping and analysing key factors and uncertainties.
Manage Strategic Risk & Uncertainty
@FairSights we have a developed an integrated approach to map, monitor, and manage external uncertainties and the strategic risks that spring from them. It starts with scanning for key factors and uncertainties that shape the future of a sector or industry. As major change so often originates from the outside, exploring the broader context and related industries is a central part. Interactions between critical factors and uncertainties are explored in-depth to analyse potential dynamics, impact and implications and identify strategic risks. Options are then developed to mitigate, prevent or benefit from specific risks. Collecting signals and evidence of change forms the basis voor estimating current urgency and probabilities. It provides an 'early warning system' to quickly identify crucial changes and higher risk levels. This allows a company to respond in a timely and effective manner as soon as risks arise.