As an organization determines its core strategic goals and steps to achieve those goals, it must also identify the risks involved and determine whether they are worth it. Risk appetite analysis is the “yin” to strategic planning’s “yang” and, accordingly, permeates every step of the strategic planning process.

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This is the first of a five-part series that examines foundational risk management issues through a practical lens. Click to read part two, The Link between Risk Management and Compliance, or part three, Time to Dust Off Your Risk Register – Steps to ERM Implementation.