Author(s): Jacob A. Stein
Risk management strategy refers to the systematic identification, assessment, prioritization, and mitigation of risks that could potentially disrupt organizational performance and strategic objectives. In increasingly uncertain business environments shaped by financial volatility, digital threats, regulatory change, and geopolitical instability, organizations must integrate formal risk management practices into strategic planning processes. This article explores the principles of Enterprise Risk Management (ERM), risk assessment techniques, mitigation strategies, and governance oversight mechanisms. It highlights how proactive risk management strengthens business continuity, regulatory compliance, and stakeholder confidence, enabling organizations to achieve long-term sustainability and operational resilience.