A condition in the environment that may hinder a company's efforts to achieve strategic competitiveness
What is a Threat?
This term describes the possibility of loss or harm due to inadequate or failed internal processes, people, or from external events.
What is Operational Risk?
This is the quest for competitive advantage when competing in multiple industries
What is Corporate-Level Strategy?
This step of the strategic planning process involves monitoring progress towards strategic goals and making adjustments as needed.
What is Strategic Performance Management?
This type of risk arises from fluctuations in interest rates and can affect a bank's profitability.
What is interest rate risk?
This internal factor refers to the skills, knowledge, and experience of a bank's workforce.
What is Human Capital.
This type of risk refers to the potential for financial loss due to fluctuations in market prices or conditions.
What is market risk?
This type of analysis focuses on understanding the industry trends, competitors, and market dynamics.
What is a competitor analysis?
This term describes the systematic process of identifying, assessing, and managing risks within a bank.
What is risk management?
This principle of risk management suggests that organizations should diversify their investments, portfolios and activities to spread risk.
What is Differentiation or concentration risk?
This type of analysis assesses the potential impact of changes in government policies and regulations on banks.
What is regulatory analysis?
This internal factor refers to a bank's proprietary technology, systems, and processes that give it a competitive advantage.
What is technological infrastructure?
This term refers to the maximum loss an organization is willing to tolerate for a particular risk.
What is risk appetite?
This external factor refers to changes in customer preferences, demographics, and lifestyles that can impact banking services.
What is socio-cultural analysis?
These are the two critical assumptions of the resource based view.
What are Resource Heterogeneity and Resource Immobility
This risk management approach focuses on identifying potential risks and opportunities that could affect the achievement of strategic goals.
What is strategic risk management?