A risk that the Company will suffer losses as a result of mistakes (drawbacks) made when making decisions determining the Company’s strategy for operation and development (strategic management), which consist in a failure to consider or properly consider possible threats to the Company’s activities, the failure to correctly and reasonably determine promising areas of activity in which the Company can achieve an advantage over competitors, a lack or insufficiency of necessary resources (financial, material and technical, and human resources) and organisational measures (management solutions) designed to ensure the achievement of the Company’s strategic goals, is assessed as minimal.

The main goal of strategic risk management is to maintain the risk assumed by the Company at a level determined in accordance with its own strategic objectives, as well as to ensure maximum safety of assets and capital based on minimisation (exclusion) of possible losses.

The Company applies the following strategic risk management methods:

• business planning,
• financial planning,
• follow-up of approved plans,
• analysis of changes in the market environment,
• revision of plans.