Explore the multifaceted landscape of Strategic Risk Management, covering risk navigation, analysis tools, advanced models, risk management strategies, business continuity planning, and CSR ethics. Dive into risk assessment, treatment, and response strategies, and develop skills to assess external factors influencing business environments. Gain practical insights into the application of ethical principles in risk management.

After the successful completion of this course, you will understand the following;

Strategic Risk Navigation:

• Understand the concept of strategic risk and its implications in organizational decision-making.
• Describe the principles and components of Strategic Risk Management and its role in guiding organizational strategy.
• Analyze the framework of Strategic Risk Management to identify potential risks and develop risk mitigation strategies.
• Explain the strategic risk assessment process, including risk identification, analysis, and prioritization techniques.
• Identify and categorize different types of strategic risks, such as market risks, operational risks, and reputational risks.
• Demonstrate an understanding of the stages in the Kaplan-Norton Execution Model and its application in strategic planning and execution.

Risk Analysis Standard Tools And Models:

• Understand the importance of reviewing strategy and risk.
• Demonstrate knowledge of the strategic plan reviewing process and its role in organizational development.
• Identify the different types of strategic analysis and their applications in formulating business strategies.
• Describe the various tools used in strategic analysis.
• Comprehend the step-by-step process of conducting Value Chain Analysis to assess a company's competitive advantage.
• Recognize the benefits of competitive analysis in understanding market dynamics and making informed business decisions.

Advanced Tools And Models For Strategic Analysis:

• Understand risk management standards' significance and application for organizational resilience and threat mitigation.
• Identify components of the COSO framework for effective internal controls and risk assessment.
• Analyze different types of competitive positions to strategize for market advantage.
• Comprehend BCG Matrix for product/service portfolio analysis.
• Explore pricing strategies and their impact on revenue and market position.
• Understand economies of scale and their influence on cost efficiency and competitiveness.

Risk Management Strategies and Measures:

• Understand risk management strategy and its significance in mitigating risks.
• Analyze Risk Management Treatments for effective risk response.
• Identify different types of risk management strategies.
• Explore organizational risk management aspects.
• Learn business process management measures for efficiency and risk control.
• Examine stages of the disaster management cycle for effective response.

Business Continuity Planning:

• Understand the vital role of BCP in ensuring organizational resilience.
• Identify crucial elements such as risk assessment, recovery strategies, and communication protocols.
• Gain insights into the entire BCP process, from risk identification to plan development and testing.
• Recognize the concept of organizational vulnerability and its significance in assessing potential disruptions.
• Identify various factors exposing organizations to risks and threats.
• Analyze and assess business continuity vulnerabilities specific to the organization's operations and industry.
• Identify the most common risks faced by organizations and understand their potential consequences.
• Understand the broad impacts of vulnerabilities on business operations, reputation, and financial stability.
• Learn the importance of conducting a business impact analysis to prioritize critical functions during disruptions.
• Develop effective strategies for responding to risk vulnerabilities through proactive planning and preparation.

CSR Ethics in Risk Management:

• Explore the core elements of effective risk management systems and their practical application.
• Gain insights into Corporate Social Responsibility and its evolving role in contemporary business practices.
• Recognize the pivotal role of ethics in organizational culture and its impact on workplace behavior.
• Learn to apply STEP analysis as a tool to assess external factors influencing business environments.
• Comprehend the stages involved in managing CSR-related risks within an organizational context.
• Identify and understand the benefits stemming from ethical business practices and their broader impact.
• Develop skills to evaluate and mitigate the negative repercussions of a lack of ethical conduct in business settings.

 

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.

• Strategic Risk Manager
• Risk Analysis Specialist
• Business Continuity Planner
• CSR Ethics and Risk Management Analyst
• Internal Controls Coordinator
• Competitive Intelligence Strategist
• Risk Response Strategist
• Crisis Management Specialist