In a competitive business environment, all organizations must implement processes to manage risk effectively in order to achieve business and strategic objectives. Your organization encounters business risks on a daily basis; assuming risk in the pursuit of profit is the essence of a business. However, many organizations do not fully understand the risks they have assumed and whether it is monitored, managed, and aligned with their risk tolerance.

The step to take when managing risk, once you’ve identified and assessed risks to your organization, is to deal with them appropriately. Some risks may have a higher probability of becoming a reality than others, while others may have more of a negative impact. You’ll need to treat each of these types of risks differently.

This course discusses how to create an effective strategy for responding to risk, such as risk exposure adjustment and contingency planning. It also outlines specific strategic plans for dealing with a risk that may be a threat or an opportunity.

Target Audience:

• Functional managers, professionals, departmental leaders, and

• All individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management.

  
  

This course is covering the below topics :

• Lecture 1: Course Overview

• Lecture 2: Dealing with Risk

• Lecture 3: Avoiding Threats

• Lecture 4: Transferring Threats

• Lecture 5: Mitigating Threats

• Lecture 6: Accepting Threats

• Lecture 7: Responding to Opportunities Effectively

• Lecture 8: Contingency Response Strategies