A score in this area demonstrates a generally solid understanding of both Risk Management and Strategy in the organization. There is usually a strategic planning process in place with a score in this range. There is also some level of risk assessment and management involved in evaluating new and existing opportunities.
Generally organizations have a more formalized strategic planning process that incorporates the customer and employees as a key component to their planning. It should also involve other key stakeholders, such as partners, suppliers, etc. to be completely effective. The process should incorporate these "voices" and they should be used in combination with the core competencies of the organization.
Finally, we would recommend evaluating the strategic process to ensure the information being used by the process is current and accurate, primarily from the customers. If this information is old or has not been captured recently through a rigorous process, such as our Promises Assessment would provide, we would highly recommend a refresh. This will also be critical to helping reduce the risk to the organization. |