Management must balance performance goals and associated risks. By having a plan, management can be better prepared for dealing with risks when they occur. However, not all strategies may be effective or proceed as planned when dealing with uncertainty. Consider your professional experience and knowledge gained from your readings as you answer the following Discussion question:

Based upon your professional experience or a recent event, provide an example of how an organization successfully or unsuccessfully incorporated risk management into their strategic plan. What went right? What went wrong?