An art and science approach to strategic risk management

Abstract

Purpose

Discusses the importance of a balanced approach to risk management.

Design/methodology/approach

Draws on the author's consulting experience to offer an insightful perspective.

Findings

Opines that a combination of formalized tools and techniques, alongside more qualitative ‘right-brain’ thinking is the most effective means of developing a risk management strategy.

Originality/value

Draws on the author's consulting experience to offer an insightful perspective.

Citation

Schroeder, H. (2014), "An art and science approach to strategic risk management", Strategic Direction, Vol. 30 No. 4, pp. 28-30. https://doi.org/10.1108/SD-04-2014-0056