Organizations today are looking to improve their ability to articulate and monitor their strategy deployment while also anticipating and managing the associated opportunities and risks. This premise applies whether a company is rapidly growing, focused on establishing sustainable competitive advantage or improving its bottom line. The Performance/Risk Integration Management Model (PRIM2), a proprietary framework from Protiviti, provides insight for integrating strategy setting and performance and risk management with the objective of positioning the company as an early mover.
To learn more, read Protiviti’s PRIM2 white papers and newsletters:
"Is Your Organization an Early Mover?"
This issue of Protiviti’s The Bulletin defines the attributes of an “early mover” and articulates the advantages early movers can gain in the market. An “early mover” is a firm that quickly recognizes a unique opportunity or risk and uses that knowledge to evaluate its options either before anyone else or along with other firms that behave as early movers. These firms have the advantage of time, which brings with it more decision-making options before market shifts invalidate critical assumptions underlying their strategy. Failing to attain “early-mover status” can be fatal in today’s complex business environment.