We asked a panel of risk management professionals how strategic risk stacks up at their organizations. Here are the results. To find out more about Wdesk for Enterprise Risk Management, go to https://www.workiva.com/products/enterprise-risk-management.

1. workiva.com
Ranking Strategic Risk
1
2
3

2. workiva.com
Strategic risk is often cited as an essential
part of effective risk management. But,
where does strategic risk actually rank in
your risk management plan?

3. workiva.com
We asked a panel of risk management
professionals how strategic risk stacks
up at their organizations.
1
2
3

4. workiva.com
44% of respondents said
their organizations' focus on
strategic risk outweighed
operational risk.44%strategic risk outweighs
operational risk

5. workiva.com
"Exploring Strategic Risk." (2013.) Deloitte. Retrieved from http://www2.deloitte.com/content/dam/Deloitte/global/
Documents/Governance-Risk-Compliance/dttl-grc-exploring-strategic-risk.pdf
In a 2013 Deloitte survey,
81% of respondents said
their organizations had an
explicit focus on managing
strategic risks.
81%explicitly focus on
managing strategic risk

6. workiva.com
Organizations are clearly focused on
strategic risk. But, what drives the
disconnect in strategic risk taking
priority over operational risk?

7. workiva.com
"The difference has been noted, and
we are in the conceptual phase of
reengineering a process."
"Management is inundated by
day-to-day operational issues. They
have little attention to explore the
big picture."
"The methodology for operational risk
management is more developed in
the company."
Survey respondents explained the disconnect:
These responses are samples from the complete dataset.

8. workiva.com
Of organizations focused on
operational risk, only 19% have
both measuring and monitoring
in place for strategic risks.
19%have a method for measuring
and monitoring strategic risk
57%have a method for measuring
and monitoring strategic risk
At organizations where strategic
risk outweighs operational risk,
57% report having a method for
both measuring and monitoring
strategic risks.

9. workiva.com
"Our strategic map has four segments:
financial, clients, processes, and
learning/growth.
"Top-down review by senior business
and risk management is integrated
with the bottom-up view."
Those having a method for measuring and monitoring
strategic risk say:
These responses are samples from the complete dataset.

10. workiva.com
48% report that leadership uses
risk profiles when choosing
between two initiatives with
identical expected returns,
irrespective of the organization's
focus on strategic versus
operational risk.
48%of leadership use
risk profiles

11. workiva.com
These statistics came from the Workiva webinar
Strategic Risk—The Next Frontier of Risk Management,
which was originally broadcast March 19, 2015.
To view the on-demand webinar, click here.
workiva.com | info@workiva.com | +1.888.275.3125