CSCA Masterclass | Section A | Unit 5, Chapter 3: Strategic Risk

Welcome to Unit 5, Chapter 3 of the CSCA Masterclass Series: Strategic Risk. Every strategy carries uncertainty. The organizations that achieve sustainable success are not those that avoid risk, but those that identify, assess, and respond to strategic risks before they become strategic crises. In this chapter, Dr. Emad Awadallah explores one of the most important concepts in the Certified Strategy and Competitive Analysis (CSCA) curriculum—Strategic Risk—and explains how executives, boards, and management accountants can anticipate uncertainty while protecting long-term organizational objectives. This session covers: • What is strategic risk? • Strategic risk versus operational, financial, compliance, and reputational risk. • Internal and external sources of strategic risk. • Characteristics of strategic risk. • Strategic risk management process. • Strategic risk in today's VUCA environment. • The role of management accountants in strategic risk management. • Real-world business examples including Kodak, Nokia, Blockbuster, and Netflix. • Common CSCA examination traps and scenario-based applications. Throughout this lecture, we address critical executive questions such as: • What assumptions underpin our strategy? • Which emerging trends could disrupt our business? • Which risks deserve executive attention? • How should organizations anticipate uncertainty rather than simply react to it? • How can management accountants support strategic risk management? Using practical examples, executive insights, and CSCA-focused scenarios, this lecture demonstrates how strategic risk management helps organizations protect competitive advantage while creating long-term value. Whether you are preparing for the Certified Strategy and Competitive Analysis (CSCA) examination or seeking to strengthen your strategic leadership capabilities, this chapter provides practical frameworks for managing uncertainty in an increasingly volatile business environment. About the instructor: Dr. Emad Awadallah is an Associate Professor of Accounting, Certified Management Accountant (CMA), CPA Australia member, and Chapter Chair of the IMA Doha Chapter. 📚 Supporting study notes and dedicated exam-focus materials are available through the links provided in the comments section beneath this video. If you are preparing for the official CSCA examination, I strongly recommend complementing this masterclass with question banks and mock examinations from recognized providers such as Hock, Gleim, or Wiley. Personally, I highly recommend Hock. Subscribe and follow the CSCA Masterclass Series as we continue exploring strategic management, competitive intelligence, enterprise risk, and executive decision-making. #StrategizeWithDrEmad #CSCA #CSCAMasterclass #StrategicRisk #RiskManagement #StrategicManagement #CompetitiveAnalysis #CMA