Stra­tegic Risk Lead­er­ship: En­ga­ging a world of risk, un­cer­tainty, and the un­known

Course content

The course provides a general overview of economic, operational, and strategic exposures faced by international organizations with activities across multiple national markets and considers how related risk events can be handled and managed. Strategic risk management assumes different functional perspectives, e.g., financial markets, operations, accounting, management controls, strategy-making, governance, human behavior, cognition, and ethics. The formal risk management frameworks attempt to address identifiable risks, but this approach is extended to consider practices that can deal with (true or radical) uncertainty and an unknown future.

The course attempts to advance critical thinking on enterprise risk management in open class discussions and exercises analyzing (often well-known) organizations that demonstrate possibilities and challenges from real case situations applying a rich source material. It outlines modern risk management practices and considers how leaders can deal (more) effectively with contemporary environments. The shortcomings of current practices are addressed with an intent of developing effective approaches to deal with exposures we face today.