Managing Risk for Competitive Advantage
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Planning for a changing environment, as well as direct disruption to your core activities, is key to managing risk - keeping delivery of your strategy on track.
As a leader you need to have the means to identify and manage risk at individual, group and organisational levels. We examine behavioural drivers of risk and how to alleviate and, in some cases, take advantage of these. A second theme is tools for assessing future challenges and planning the strategic responses that may be required create new opportunities for your firm. We connect these two themes by considering how achieving the strategy of the organisation depends on its culture, on one hand, and its governance, on the other.
This programme is self- and entity-reflective in helping you to take a close look at your own behavioural decisions and reactions and that of your organisation in the face of risk.
- Behavioural decisions and reactions
- Heuristics – a problem-solving technique
- Dynamic decision environments and managing them
- Disruption and scenarios
- Risk management
- Organisational structure and governance
- Disciplined catastrophe management (avoiding the risk of ruin)
- Learn to identify and manage risks at individual, group and organisational levels, and turn them into opportunities for defining and implementing strategy
- Develop an awareness of how risks occur in immediate and longer-term contexts
- Execute risk management strategies and learn from outcomes
- Create competitive advantage in your own organisation from managing risks well
- Take away a framework and a set of checklists that you can use and adopt in your own organisation
- Experience an international and diverse perspective, in a cohort made up of mixed nationalities and industries, in an environment that nurtures open discussion and debate
Who should attend
You will be an:
- Executive in any size company, small or large, who is in a position to effect change, either within your strategic business unit, or on a wider level
- Executive in a senior level positions tasked with scenario planning
- Executive looking to address the future challenges of the organisation
- Executive looking to bring their team together, to scenario plan, understand and anticipate unforeseen risk
- Executive who wishes to identify ways that the organisation can maintain competitive advantage and risk avoidance.