What if you had a strategic planning meeting and the eight worst behavioral archetypes who appear on executive teams showed up? How would you handle them?

Brad was the CEO of Liberty Consulting (all names have been changed), and he was frustrated with the tension and disconnect between his executives. Would getting them together to build a strategic plan solve the problem? We scheduled a two-day strategic planning meeting and all eight of the behavioral archetypes were there.

John W. Myrna, Author, The Chemistry of Strategy: Strategic Planning for the Not-Yet-Fortune 500 

Managing risk is a major element of the “chemistry of strategy.” You must understand strategic risks -- what they are, how to identify them, and how to assess and manage them from a strategic perspective. Financial risk is embedded in all risks, since the impact of all risks is ultimately financial. There are five major sources of strategic risk. Two have the potential to wipe your company out overnight, and three, while unlikely to wipe out a company overnight, could smother it over the next three to five years.