Risk

Description

Internal / External

Strategic Risk

Failure to meet the long-term strategic goals of the business, including dependence on any estimated or planned outcomes that may be in the control of third parties

Internal

Technology Risk

Failure to plan and manage the performance of technology related projects, products, services, processes, staff and delivery channels

Competition

The organisation's competition must never be underestimated and this is always in a state of flux. This risk must be constantly managed

Customer Changes

Customers are notoriously fickle and their wants and desires must be constantly reviewed to ensure that the strategic goal of the organisation is meeting the expectations of the customers

Industry Changes

As technology moves forward, whole industries change and the organisation must ensure that the changes to the organisation's industry sector do not pass the organisation by without being notices and acted upon

Research and Development

Much money can be spent on research and development (R & D) and this can be a major drain on finances. If the R & D effort is in the wrong direction, then this could seriously prejudice the future of the organisation