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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.

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Function Performance Poor Risk Strategy Wrong

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The ability to change constantly and effectively is made easier by high-level continuity.
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The essence of strategy is that you must set limits on what you’re trying to accomplish.
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The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they’re mutually reinforcing.
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Strategy is choice. Strategy means saying no to certain kinds of things.
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Operational effectiveness and strategy are both essential to superior performance.
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Finally, strategy must have continuity. It can’t be constantly reinvented.
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The company without a strategy is willing to try anything.
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Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
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Innovation is the central issue in economic prosperity.
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Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different.
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A strategy delineates a territory in which a company seeks to be unique.
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Risk is a function of how poorly a strategy will perform if the ‘wrong’ scenario occurs.
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