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In this course we explore a risk approach as a strategic asset comprised of sustaining significant value over the long-term. This leads to a conversation about the importance of rigorous, debiased strategic decision making which can enhance the longer-term resilience of an organization’s business model able to navigate through volatile markets and challenging external forces. Then we explore the importance of stress-testing the organization’s risk-bearing capacity in order to ensure that the risk management planning is able to withstand and absorb the potential impact of behavioral biases in decision making.

This course serves to examine how investments in quality, safety standards and comprehensive operative control will reduce disruption when risks materialize.

Learning Objectives

  • Explore a risk approach as a strategic asset comprised of sustaining significant value over the long-term.
  • Identify the importance of rigorous, debiased strategic decision making which can enhance the longer-term resilience of an organization’s business model.
  • Discover the importance of stress-testing the organization’s risk-bearing capacity.
Last updated/reviewed: May 19, 2022

Included In Certifications

This course is included in the following Certification Programs:

8 CoursesBuilding Organizational Resilience Certification

  1. Introduction to Business Resilience
  2. Building Resilient Operations
  3. Preparing for Crisis (Crisis Management)
  4. Better Risk Management
  5. Leading Through Crisis
  6. Toolkits for Withstanding Business Shocks
  7. Team Dynamics for Successful Recovery
  8. Creating Value in Uncertain Times

2 Reviews (7 ratings)Reviews

4
Anonymous Author
What an interesting refresher course. Nothing surprised me though. Beginners will gain from this.
5
Member's Profile
Excellent step by step presentation. Really liked the training

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:52Introduction to Better Risk Management
  9:58Key Concepts
  16:24Risk as A Strategic Asset
  9:19Strategic Decision Making
  9:56Strategic Decision Making Cont'd
  7:08Risk Bearing Capacity
  1:38Conclusion
CONTINUOUS PLAY
  55:14Better Risk Management
SUPPORTING MATERIAL
  PDFSlides: Better Risk Management
  PDFBetter Risk Management Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM