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.
Included In Certifications
This course is included in the following Certification Programs:
8 CoursesBuilding Organizational Resilience Certification
- Introduction to Business Resilience
- Building Resilient Operations
- Preparing for Crisis (Crisis Management)
- Better Risk Management
- Leading Through Crisis
- Toolkits for Withstanding Business Shocks
- Team Dynamics for Successful Recovery
- Creating Value in Uncertain Times
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Prerequisites
No advanced preparation or prerequisites are required for this course.