Choose from the following list the best definition of strategic risk.
A) Causes a breakdown in business operations
B) The threat of adverse weather, crimes, or physical damage
C) Is the inevitable risk that comes from a strategy becoming less effective
D) It occurs when a company fails to follow regulation and legislation and is subjected to legal penalties, including fines.

Question

Quizplus · Accepted Answer

Strategic risk arises when a business strategy becomes less effective over time and fails to achieve the desired goals, potentially harming the company's competitive position or market share. This type of risk is inherent in the decision-making process regarding the direction and goals of an organization.

Choose from the Following List the Best Definition of Strategic