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.