Strategic and operational risk
Taught by Peter Woolley · AI tutor support included
You'll learn the difference between strategic and operational risks, and how to identify and categorise them using the Institute of Risk Management framework.
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In this lesson
- 0:00 Introduction to the Institute of Risk Management
- 0:21 Identifying and categorising risks systematically
- 1:07 External versus internal risk sources
- 2:21 Understanding strategic risk in context
- 3:37 Product lifecycle and competitive positioning
- 4:55 Reputation as long-term strategic risk
- 6:20 Information systems and technology risks
- 7:05 Financial risks and their components
- 9:09 Operational risks and business interruption
- 10:00 Hazards: natural and human-caused threats
About this lesson
This session covers the key drivers of strategic risk—including market conditions, product lifecycle, reputation, information systems, and financial exposure—plus how risks originate from both external and internal sources. Understanding this distinction is essential for P3 Risk Management and helps you assess organisational vulnerabilities across the full spectrum of business operations.
Duration: 10m
Transcript
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