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10 strategies and tactics for Risk

What is Risk strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Risk strategy can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

How to write your own Risk strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Risk strategy examples

You will find in the next section many different Risk tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for expanding Sterling Tour and Travel Agency into the Kenyan Market

  • ⛳️ Strategy 1: Forge strategic partnerships

    • Identify and partner with a medium-sized Kenyan tour and travel agency
    • Leverage the local partner’s market knowledge and customer base
    • Align services to meet local cultural and tourist preferences
    • Ensure clear communication channels with partners
    • Negotiate mutually beneficial terms in partnership agreements
    • Engage local travel influencers to promote joint offerings
    • Create co-branded marketing materials with local partners
    • Host joint events and travel expos to increase brand visibility
    • Develop shared objectives and performance metrics
    • Regularly review and refine partnership strategies

  • ⛳️ Strategy 2: Adapt services to local market conditions

    • Research and understand customer preferences in Kenya
    • Develop Kenya-specific travel packages including popular destinations
    • Implement a pricing strategy that reflects local purchasing power
    • Offer flexible payment options tailored to Kenyan market needs
    • Launch culturally immersive experiences like safaris and heritage tours
    • Translate marketing materials into Swahili and other local languages
    • Align services with environmental and cultural preservation initiatives
    • Conduct training sessions for employees on local customs and practices
    • Incorporate feedback from local customers into service offerings
    • Regularly update offerings based on seasonal tourist trends

  • ⛳️ Strategy 3: Enhance marketing and brand awareness

    • Launch social media campaigns targeting Kenyan travellers
    • Partner with local influencers to widen digital reach
    • Participate in local and international travel expos
    • Utilise radio and print media to reach different demographics
    • Highlight local partnerships in marketing communications
    • Develop emotional and engaging storytelling content
    • Create promotional videos showcasing Kenyan attractions
    • Establish a customer referral programme
    • Leverage customer testimonials in marketing materials
    • Conduct surveys to measure brand awareness and adapt strategies
partnershipslocalizationstrategic-plannermarketing-specialistmarketing-teambusiness-development-team
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Strategies and tactics for implementing a 5-Year Business Continuity and Crisis Strategy Plan

  • ⛳️ Strategy 1: Mitigate and prepare for risks

    • Conduct comprehensive risk assessments for all business units
    • Identify critical business functions and implement redundancy measures
    • Develop and regularly update business impact analyses (BIA)
    • Create detailed business continuity and crisis management plans (BCP & CMP)
    • Set up a centralized crisis management platform for streamlined response
    • Initiate tabletop simulation exercises to test preparedness
    • Conduct joint resilience workshops with key suppliers
    • Implement preventive IT solutions to safeguard against cyber threats
    • Practice crisis scenarios to refine response strategies
    • Regularly audit and update risk mitigation measures

  • ⛳️ Strategy 2: Develop and enhance crisis communication

    • Design a robust communication plan for internal and external stakeholders
    • Establish a crisis communication team with defined roles and responsibilities
    • Develop clear, concise messaging templates for different crisis scenarios
    • Launch a crisis communication portal accessible by stakeholders
    • Train spokespersons for effective media handling during crises
    • Implement monitoring tools for tracking crisis-related information in real-time
    • Regularly update stakeholders through quarterly resilience reports
    • Use feedback tools to capture stakeholder sentiment during and post-crisis
    • Integrate social media platforms for wider message dissemination
    • Conduct regular communication audits to ensure clarity and effectiveness

  • ⛳️ Strategy 3: Leverage technology for enhanced resilience

    • Deploy redundant IT infrastructure and cloud solutions to ensure data availability
    • Integrate AI tools for improved threat detection and incident response
    • Ensure all platforms are compliant with the latest industry standards
    • Utilize advanced analytics to forecast and simulate potential disruptions
    • Establish regular software updates and patch management protocols
    • Implement AI-driven monitoring systems for real-time threat scanning
    • Define key metrics for disaster recovery performance measurement
    • Track and report on the recovery time objective (RTO) for all critical functions
    • Encourage continuous feedback from IT teams to refine technology strategies
    • Benchmark IT resilience against industry standards to identify improvement areas
resiliencerisk-managementcrisis-managerit-specialistrisk-assessment-teamcrisis-communication-team
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Strategies and tactics for resolving reported risks by at least 75% throughout the year

  • ⛳️ Strategy 1: Assess and classify all reported risks

    • Compile a list of all reported risks from the last year
    • Categorise risks based on severity and likelihood
    • Prioritise risks that have the highest severity and likelihood
    • Set deadlines for addressing each risk category
    • Assign responsible team members for each risk category
    • Review and update the risk classification quarterly
    • Hold monthly meetings to assess progress on risk resolution
    • Develop a risk assessment template for future use
    • Identify any new risks during regular risk assessments
    • Document lessons learned from resolved risks

  • ⛳️ Strategy 2: Implement effective risk mitigation strategies

    • Develop specific action plans for each prioritised risk
    • Allocate necessary resources for risk mitigation
    • Monitor the implementation of each action plan
    • Conduct training sessions on risk mitigation techniques
    • Implement a risk tracking software
    • Create a risk communication plan to inform stakeholders
    • Evaluate the effectiveness of risk mitigation efforts monthly
    • Adjust mitigation strategies based on effectiveness evaluations
    • Engage external experts when necessary for high-risk items
    • Ensure all mitigation activities are properly documented

  • ⛳️ Strategy 3: Foster a risk-aware organisational culture

    • Conduct regular risk awareness workshops for employees
    • Create a risk reporting system that encourages transparency
    • Include risk management goals in performance reviews
    • Celebrate successes in risk management to motivate staff
    • Integrate risk management into the company strategy
    • Establish a risk management committee
    • Provide continuous education on emerging risks
    • Facilitate open discussions about risks and solutions
    • Set up an anonymous reporting system for risks
    • Encourage leadership to model risk-aware behaviours
risk-assessmentrisk-mitigationrisk-managerproject-managerrisk-management-teamexecutive-team
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Strategies and tactics for implementing a 1:5 Risk-Reward Ratio in Cryptocurrency Trading

  • ⛳️ Strategy 1: Conduct market analysis

    • Research and select cryptocurrencies with high liquidity
    • Analyse historical price data to identify trends
    • Monitor news and events that can impact market prices
    • Use technical indicators like RSI and MACD to identify entry points
    • Identify support and resistance levels for selected cryptocurrencies
    • Review market volume to assess trading activity
    • Set alerts for significant price movements
    • Stay informed about regulatory changes affecting cryptocurrencies
    • Analyse competitor behaviour within the market
    • Develop a market outlook report for personal reference

  • ⛳️ Strategy 2: Establish clear risk management rules

    • Determine your maximum acceptable loss per trade
    • Set a stop-loss order at a level that corresponds to the 1:5 ratio
    • Calculate potential reward levels before entering a trade
    • Ensure potential profit is five times greater than potential loss
    • Limit initial capital investment to a predefined percentage
    • Review risk management strategies bi-weekly
    • Adjust stop-loss orders based on market conditions
    • Regularly audit trades to assess adherence to the risk-reward plan
    • Seek advice from risk management professionals
    • Prepare contingency plans for unexpected market conditions

  • ⛳️ Strategy 3: Execute disciplined trade management

    • Enter trades only when the risk-reward criteria are met
    • Keep a detailed log of all trades including entry and exit points
    • Use auto-trading tools to maintain discipline if available
    • Regularly review trade outcomes to identify patterns
    • Limit emotional trading by sticking to predefined plans
    • Engage with trading communities for shared learning experiences
    • Backtest trading strategies with historical data
    • Take regular breaks during trading hours to maintain focus
    • Reassess trades post-market closure for further learning
    • Celebrate successful trades to reinforce positive behaviour
risk-reward-ratiocryptocurrencyrisk-managertradertrading-teamrisk-assessment-team
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Strategies and tactics for preparing a comprehensive mall review strategy

  • ⛳️ Strategy 1: Establish a robust mall management structure

    • Appoint a mall general manager to oversee overall operations
    • Set up specialized departments for operations, leasing, marketing, and finance
    • Designate managers for each department to ensure focused leadership
    • Implement weekly cross-departmental meetings for alignment on objectives
    • Create clear reporting structures with department heads reporting to the general manager
    • Conduct quarterly reviews of the management structure to identify areas for improvement
    • Develop a succession plan to maintain leadership continuity
    • Integrate communication and project management tools for improved collaboration
    • Organize bi-annual team-building activities to strengthen team dynamics
    • Set up performance evaluation criteria for department heads

  • ⛳️ Strategy 2: Maximize tenant occupancy through strategic lease management

    • Establish a dedicated leasing department for managing tenant relations
    • Develop a tenant mix strategy to balance retail, F&B, and service stores
    • Introduce a lease expiry management system for timely renewals and negotiations
    • Set up KPIs for monitoring occupancy rate, lease terms, and tenant satisfaction
    • Conduct market research to identify potential new tenants and sectors to enhance the mall's offering
    • Review and adjust lease terms to reflect current market conditions
    • Implement a feedback system for tenants to express needs and concerns
    • Organize regular tenant meetings to discuss and negotiate leasing issues
    • Provide incentives for anchor tenants to ensure long-term occupancy
    • Develop a contingency plan for managing high vacancy rates

  • ⛳️ Strategy 3: Enhance financial transparency and operational efficiency

    • Set up a finance and accounting department for revenue and cost management
    • Implement monthly financial reporting to track profitability and operational costs
    • Introduce a centralized billing system for tenant payments
    • Automate vendor and supplier payments to optimize cash flow
    • Conduct regular financial audits to ensure accuracy and compliance
    • Establish an expense management policy for cost control
    • Analyze financial data to identify trends and areas for cost reduction
    • Train staff in financial literacy to enhance fiscal responsibility
    • Create an annual budget plan aligning with mall objectives
    • Integrate accounting software for streamlined financial operations
mall-managementtenant-occupancygeneral-managerleasing-managerfinance-departmentleasing-department
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Strategies and tactics for overseeing Transformation of Abraham Kriel Bambanani

  • ⛳️ Strategy 1: Define clear transformation goals

    • Analyse current organisational processes and identify areas needing transformation
    • Set specific, measurable, achievable, relevant, and time-bound (SMART) goals for transformation
    • Engage with stakeholders to gather input and align on transformation objectives
    • Conduct workshops with management to ensure understanding of transformation goals
    • Develop a timeline for achieving each transformation goal
    • Establish key performance indicators (KPIs) to measure success
    • Assign responsibilities to specific individuals or teams
    • Create an oversight committee to regularly review transformation progress
    • Adjust goals and strategies based on feedback and progress reports
    • Publish transformation goals and progress to staff and stakeholders

  • ⛳️ Strategy 2: Strengthen organisational governance

    • Review current governance policies and identify areas for improvement
    • Develop updated governance policies that align with good corporate governance practices
    • Submit the updated governance policies to the Board for approval
    • Ensure all employees are trained on the newly adopted governance policies
    • Create a system for regular monitoring of compliance with governance policies
    • Set up regular board meetings to discuss governance and policy implementation
    • Assign a team to handle internal audits and verify compliance
    • Develop a reporting structure for governance issues to be communicated to senior management
    • Integrate a feedback loop for continuous policy improvement
    • Ensure that the Board is informed about compliance and governance regularly

  • ⛳️ Strategy 3: Enhance stakeholder engagement

    • Identify key stakeholders and partners involved with the organisation
    • Develop a communication plan for regular engagement with stakeholders
    • Organise quarterly meetings with stakeholders to discuss collaboration opportunities
    • Ensure that stakeholder feedback is integrated into decision-making processes
    • Include stakeholders in major organisational events and transformations
    • Create a comprehensive contact database of all stakeholders for easy communication
    • Assign a liaison officer to manage stakeholder relationships
    • Develop stakeholder satisfaction surveys to assess engagement effectiveness
    • Analyse survey results and make improvements to engagement strategies
    • Communicate stakeholder feedback and engagement outcomes to the Board and employees
transformationgovernancestakeholdersliaison-officeroversight-committeeinternal-audit-team
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Strategies and tactics for developing a Strategic Plan for Technical Support

  • ⛳️ Strategy 1: Enhance self-service capabilities

    • Implement comprehensive knowledge base articles on ServiceNow for common user issues
    • Develop instructional videos for JAMF and Intune functionalities
    • Regularly update self-help resources based on user feedback and issue trends
    • Integrate a chatbot on ServiceNow to guide users to the right resources
    • Promote self-service options through internal communications channels
    • Utilise analytics to identify top issues that can be addressed through self-service
    • Regular training for offshore Tier 1 team to reduce escalation of common issues
    • Establish KPIs to measure reduction in calls and monitor self-service usage
    • Schedule regular reviews of self-service resources to ensure accuracy
    • Incorporate user feedback loops to continuously improve the knowledge base

  • ⛳️ Strategy 2: Strengthen internal and external communication

    • Create an outreach process for SMBC MANUBANK and Jenius Bank to clarify support channels
    • Establish regular IT updates through newsletters or webcasts for both bank entities
    • Develop an Executive support team to address high-priority issues swiftly
    • Create detailed communication protocols for off-shore and internal technical teams
    • Ensure consistent messaging and support level agreement with SMBC stakeholders
    • Implement an internal communication platform for rapid exchanges between support staff
    • Coordinate regular meetings between IT and business units to align priorities
    • Engage with stakeholders to gather input on communication improvements
    • Provide training to enhance communication skills of technical support staff
    • Conduct bi-annual satisfaction surveys with all entities to refine communication strategies

  • ⛳️ Strategy 3: Optimise resources and processes

    • Implement ITAM support and integration processes with SMBC for asset management
    • Set up a prioritised project board for ongoing strategic projects
    • Streamline shipping and receiving processes for handling employee equipment
    • Utilise ServiceNow to automate ticket assignment and escalation processes
    • Develop a detailed plan for Avaya phone retirement and Vonage CCaaS implementation
    • Collaborate with InfoSec to support projects like Netskope and audit processes
    • Create a testing and deployment schedule for Windows 11 across departments
    • Coordinate with branch offices for seamless branch moves and technology upgrades
    • Evaluate and enhance current domain trust initiatives with SMBC MANUBANK
    • Measure and track resource allocation and efficiency through performance metrics
self-servicecommunicationtechnical-supportexecutive-supportit-teamcommunications-team
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Strategies and tactics for achieving diversified growth

  • ⛳️ Strategy 1: Identify and analyse proven business models

    • Conduct market research to identify successful business models in target sectors
    • Evaluate the scalability of identified business models in different regions
    • Develop criteria for selecting partnerships or acquisitions based on proven success
    • Create a pool of potential companies within the micro-lending, BPO, insurance, and agribusiness sectors
    • Utilise data analytics to assess the impact of macroeconomic trends on these business models
    • Consult with industry experts to validate the robustness of selected business models
    • Develop a decision matrix to rank the viability of each business model
    • Set up pilot projects to test the adaptability of business models in the regional market
    • Review past case studies of similar business expansions for insights
    • Align selected business models with company’s long-term growth objectives

  • ⛳️ Strategy 2: Cultivate strategic partnerships

    • Identify key industry players and establish introductory meetings
    • Evaluate the compatibility of potential partners' business models with company growth strategies
    • Negotiate joint ventures or strategic alliances with robust terms and conditions
    • Create an advisory board involving partners from micro-lending, BPO, insurance, and agribusiness
    • Engage in knowledge exchange programs to learn best practices from partners
    • Collaborate on research and development initiatives to innovate current offerings
    • Monitor partnership performance through regular progress reviews and KPIs
    • Leverage partner networks to access new customers and markets
    • Develop team-building initiatives to foster a collaborative culture with partners
    • Plan joint marketing campaigns to amplify brand presence in target sectors

  • ⛳️ Strategy 3: Invest in technology-driven growth

    • Identify technological innovations that can enhance operations in target sectors
    • Develop a roadmap for integrating technology in existing processes for efficiency
    • Form a dedicated team to oversee the implementation of digital solutions
    • Partner with tech firms to co-create tools that address sector-specific challenges
    • Utilise automation to streamline business processes and reduce operational costs
    • Invest in training programs to enhance digital skills within the workforce
    • Implement data analytics tools to drive data-driven decisions
    • Conduct regular technology audits to ensure systems' relevance and performance
    • Explore blockchain and AI applications for enhancing transparency and productivity
    • Ensure adherence to data protection and cybersecurity standards
diversificationtechnologybusiness-analystpartnership-managerresearch-&-developmenttechnology-integration
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Strategies and tactics for developing a trading strategy with limited consecutive losses

  • ⛳️ Strategy 1: Set loss limits and triggers

    • Determine the maximum acceptable loss per trade
    • Use stop-loss orders to automatically exit losing trades
    • Implement a maximum daily loss threshold
    • Utilise trailing stops to protect profits and limit losses
    • Reevaluate your position sizing strategy regularly
    • Adjust trading strategies after each consecutive loss
    • Pause trading for a defined period after 3 consecutive losses
    • Analyse each loss to identify potential improvements
    • Backtest strategies with historical data and simulate loss scenarios
    • Review and update loss thresholds quarterly

  • ⛳️ Strategy 2: Diversify portfolio risk

    • Identify and trade multiple asset classes
    • Use risk management tools like hedging
    • Avoid overexposure to any single asset or market
    • Allocate a specific portion of capital to each strategy
    • Implement correlation analysis to manage risk
    • Use a combination of technical and fundamental analysis to inform trades
    • Schedule regular portfolio reviews to adjust allocations
    • Utilise diversified trading strategies across different market conditions
    • Set clear risk-reward ratios for each trade
    • Engage in continuous education about new trading instruments

  • ⛳️ Strategy 3: Improve decision-making and psychological resilience

    • Establish a trading plan with set rules and guidelines
    • Practice disciplined trading according to your plan
    • Develop a routine for pre-trade analysis and mental preparation
    • Utilise trading journals to reflect on every trade
    • Set performance benchmarks to track progress
    • Participate in simulations to improve decision-making skills
    • Seek feedback from a trading mentor or peer group
    • Incorporate stress management techniques into your routine
    • Separate emotions from trading decisions by taking breaks when necessary
    • Evaluate overall trading strategy periodically for psychological impact
risk-managementdiversificationportfolio-managerrisk-analystrisk-management-teamtrading-team
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Strategies and tactics for developing a Successful Trading Strategy for Cryptocurrencies

  • ⛳️ Strategy 1: Enhance Technical Analysis Skills

    • Study the fundamentals of technical analysis focusing on support and resistance levels
    • Use moving averages to identify the general trend direction in the market
    • Implement Relative Strength Index (RSI) to determine overbought or oversold conditions
    • Learn about Bollinger Bands and use them to identify volatility and potential breakouts
    • Utilize MACD (Moving Average Convergence Divergence) to understand market momentum
    • Analyse the market volume to confirm trend strength or potential reversals
    • Identify different candlestick patterns for precise entry and exit points
    • Regularly backtest any new insight using historical data on Dogecoin and XRP
    • Attend webinars or read books to deepen understanding of cryptocurrency-specific factors impacting trends
    • Keep a trading journal to track trades and refine technical analysis skills

  • ⛳️ Strategy 2: Implement Risk Management Techniques

    • Set a risk-reward ratio that suits the trading style, such as 1:3
    • Use stop-loss orders to limit potential loss on each trade
    • Decide on a maximum investment amount per trade to avoid overexposure
    • Be consistent with position sizing based on account size
    • Consider using a trailing stop to protect gains while allowing for larger movement
    • Document each trade to identify patterns of success and failure
    • Regularly review and adjust the stop-loss and take-profit levels based on market changes
    • Implement diversification by trading multiple coins to mitigate risks
    • Monitor emotional responses to trading losses and gains to avoid impulsive decisions
    • Analyse risk factors specific to Doge and XRP, like regulatory changes or market news

  • ⛳️ Strategy 3: Leverage Technology and Market Indicators

    • Utilise trading platforms with advanced charting tools for precise analysis
    • Set up alerts for specific technical indicators to react timely
    • Integrate the use of automated trading bots that rely on predefined criteria
    • Explore social trading platforms to learn from more experienced traders
    • Employ sentiment analysis tools to gauge market sentiment using social and news sources
    • Use market correlation data to predict possible movements in Dogecoin and XRP
    • Test various algorithms and strategies in a demo account before applying them live
    • Continuously collect and analyse data on trading efficiency and adjust systems accordingly
    • Regularly update software and tools to access the latest features and security updates
    • Stay informed about recent technology trends in cryptocurrency trading that could enhance efficiency
technical-analysisrisk-managementtraderanalysttrading-teamrisk-management-team
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How to track your Risk strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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