The integration of business objectives with risk management techniques is called what?

The term that describes the integration of business objectives with risk management techniques is known as risk strategy. A risk strategy involves identifying potential risks that could impact the achievement of business goals and determining how to manage those risks effectively to minimize their impact. This integrates the overall business strategy with the understanding of risks, aligning risk management practices with the company's objectives to ensure that the organization can pursue its goals while safeguarding against potential setbacks.

In the context of risk management, this strategy enables businesses to proactively manage risks, prioritize resources, and make informed decisions. Such alignment allows organizations to not only protect their assets but also leverage opportunities that may arise amidst uncertainties.

Alternatives like risk evaluation and operational risk management focus on assessing and managing operational risks within a specific framework rather than the overarching integration with business objectives. Similarly, a business continuity plan is about preparing for potential disruptions to ensure ongoing operations, rather than the broader integration of risk management with business strategies.