Strategic risk

{
  "id": "MLC-T-INS-003204",
  "term": "Strategic risk",
  "field": "Insurance and risk management",
  "definition": "The potential for losses arising from flawed business strategies, poor decision-making, or a failure to adapt to changes in the external environment. This type of risk can stem from competitive pressures, technological shifts, or regulatory changes that undermine an organization's long-term objectives. Effective strategic risk management involves continuous monitoring of internal and external factors that could impact an organization's viability.",
  "url": "https://mlchart.com/terminology/insurance/strategic-risk/"
}