An organization is considering the adoption of an aggressive business strategy to achieve desired growth. From a risk management perspective, what should the risk practitioner do NEXT?
A.
Update risk awareness training to reflect current levels of risk appetite and tolerance.
B.
Identify new threats resulting from the new business strategy.
C.
Increase the scale for measuring impact due to threat materialization.
D.
Inform the board of potential risk scenarios associated with aggressive business strategies.
B. Identify new threats resulting from the new business strategy.
The introduction of a new strategy can bring about new risks and uncertainties that need to be identified and assessed. By understanding the potential threats, the organization can develop effective risk mitigation and management strategies to support the successful implementation of the aggressive business strategy.
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