A critical part of your business success is identifying growth potential and market risks. Coast to Country Solutions can assist your business to achieve your growth and performance potential.
We do this by getting to understand you and your business, where your strengths and weaknesses can impact your performance and taking a long-term view of your market, including competitors, supply chains, business performance and future industry sector direction.
Through group workshops and business reviews, we assist your business to identify current and future risks that allow you to develop a strategic plan that recognises the impact on your business and then develop strategies such as an enterprise risk management plan and a long-term strategic plan for your business.
The process
Coast to Country Solutions will utilise a range of tools and techniques that are used widely in developing strategic plans and assessing risk. ISO31001-2018 (Enterprise Risk Management Planning) will be the critical tool to assess future risk and drive the strategic planning framework.
The business “as is” situation analysis will be guided by the business assessment outlined in the “Business Growth and Performance” framework, as to develop a strategic plan, we need to know where your business is at now.
If you’re interested in finding out more please complete our online form.
Strategic planning and risk management are both important components of business management.
Strategic planning is the process of determining a company’s overall goals and objectives and then developing a plan to achieve them. This process typically involves analyzing the company’s strengths and weaknesses, as well as identifying opportunities and threats in the external environment. Once this information has been gathered, a strategy is developed to take advantage of opportunities and mitigate threats. This is done by creating and implementing a plan that outlines specific actions and milestones that need to be achieved in order to reach the company’s goals.
Risk management, on the other hand, is the process of identifying, assessing, and prioritizing potential risks to the organization and then taking steps to mitigate or eliminate those risks. Risks can come from a variety of sources, such as market changes, natural disasters, or even internal issues like fraud. By identifying and assessing these risks, a company can take steps to minimize their impact or even eliminate them completely.
Both strategic planning and risk management are important for ensuring the long-term success of a business. Strategic planning helps a company to define its direction and goals, while risk management helps to protect it from potential threats. A good strategic plan should include an assessment of potential risks and how they might impact the company’s goals, and a good risk management plan should include strategies for achieving the company’s goals despite the risks.
They are often interrelated and should be considered together. A good risk management plan will also be integrated into the overall strategic plan, with specific strategies developed to manage identified risks. This will enable the company to make better-informed decisions and to adapt to changes in the environment more quickly and effectively.
Want to get in touch? Contact us
"*" indicates required fields