According to Effective Governance “Strategic Thinking focuses on finding and developing unique opportunities to create value by enabling provocative and creative dialogue among people who can affect an Organisation’s direction. It is input to Strategic Planning. Good Strategic Thinking uncovers potential opportunities for creating value and challenges assumptions about an organisation’s value proposition, so that when a strategic plan is created, it targets these opportunities ….. Finally, strategic thinking is having an awareness of what has not yet taken shape, having foresight.” Risk Informed Strategic Thinking – RiskForesights.COM It is within this context that Risk Appetite and Risk Tolerance Statements / Guidelines have been used for over centuries in Decision Making to ensure Strategic Alignment and support the achievement of an Organisation’s Strategic Objectives and Purpose. Risk Appetite and Risk Tolerance Statements / Guidelines are also used to assess the materiality of anticipated Risks. Continue reading How To Use Risk Appetite and Risk Tolerance Statements to Inform Decision Making?