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Defining Strategy: The Question of Appetite

In: Risk-Based Performance Management

Author

Listed:
  • Andrew Smart
  • James Creelman

Abstract

The critical linkage between strategy execution and risk management is made at the objective setting stage, where a risk appetite level is set for each objective. This enables the board and executive to indicate the level of risk they believe to be acceptable for the pursuing of individual objectives.

Suggested Citation

  • Andrew Smart & James Creelman, 2013. "Defining Strategy: The Question of Appetite," Palgrave Macmillan Books, in: Risk-Based Performance Management, chapter 4, pages 85-119, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-36730-3_4
    DOI: 10.1057/9781137367303_4
    as

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