Analysis of the Business Model 295 Core business processes An organization will have existing business processes and these may be satisfactory for generating the required income and controlling costs so that the business objec- tives are delivered. To ensure that risk management has an adequate input into the delivery of business objectives, the objectives must relate to routine operations within the organization. However, it is not unusual for organizations to fail to establish business-as-usual objectives. Most objectives tend to be annualized change objectives that relate to the delivery of the strategic plan for the organization. In summary, for risk management to make a full contribution to the success of an organization, objectives need to be fully established that cover strategy, tactics and operations. A core process is one that is fundamental to the continued success (or even existence) of the organization. Core processes ensure that the organization is able to achieve the mission and corporate objectives and fulfil stakeholder expectations. Each core process creates value and is designed to deliver one or more of the stake- holder expectations. There are three basic types of core process, as set out in Figure 26.1. These are processes designed, implemented and managed to ensure the following: development and delivery of strategy;