Risk & Objective Classifications
Classifica Scope
tion
Strategic Essential to how the business
competes and creates value
now and in the future
Focus on sources of
competitive advantage and
differentiation
Higher level/longer-term goals
Operation Essential to executing current
al business strategy
Focus on effectiveness,
efficiency, continuous
improvement
Tactical/shorter-term goals
Objective/Risk areas
New market development
goals
New product or service
development goals
New capital investment
goals
Goals to develop new
capabilities to drive existing
strategy
Key analysis, planning, and
decision goals to drive
development and execution
of strategy
Sales goals
Profit goals
Service goals
Operational effectiveness
initiatives
Capital replenishment goals
Financial reporting