Corporate Risk
$15
Leads to certification with duration:
2 years
Corporate Risk

Corporate Risk

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Curriculum content

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    Everything in life requires a little risk. Even eating a meatball sub has risks involved! To allow us to go about our lives without living in fear of meatball subs, we all manage risks. Whether that’s chewing properly, blowing on the sauce to cool it down, or even avoiding them altogether if you have an allergy. In business, risks are inevitable, too. Sometimes they can be avoided, but other times they must be mitigated instead. Traditionally, businesses kept risk management isolated to each component or department, but that often misses the big picture. The solution is Enterprise Risk Management, a holistic approach that manages risk companywide from the top down. This course will teach you the basics of Enterprise Risk Management, so you can decide if it’s right for you. By the end of this course, you’ll be able to: • Define Enterprise Risk Management and the 3 types of risk it aims to manage • Identify the positives and negatives of Enterprise Risk Management • Explain the 8 components of Enterprise Risk Management Why take this course? Enterprise Risk Management is a leading holistic risk management style that helps businesses stay safe in uncertain times. This course, suitable for operational managers, business leaders, and business owners, will help demystify Enterprise Risk Management and give an insight into how it works. 10 mins | SCORM | Takeaway Tasks

    • Lesson Enterprise Risk Management

  • If your child wants to go skateboarding, as a parent, you’re there to manage the risk. Sure, they could fall off and scrape their knees, but they also might have a fun time. It’s weighing that risk vs. reward which is so crucial. The company board for the business you own or work for also has to weigh risk and reward on behalf of the business, but obviously on a much bigger scale. They must take risks to make money, but it’s essential to ensure they are calculated and mitigated. This course will explain the role the board has in risk oversight. By the end of this course, you’ll be able to: • Differentiate risk management from risk oversight • Distinguish between risk appetite and risk tolerance • Explain the role of the board in risk oversight Why take this course? When it comes to risk oversight, corporate governance is essential to ensure things are as robust as possible. This course, suitable for business owners and leaders, will give an insight into the role NEDs (non-executive directors) and the board as a whole play in risk management oversight. 10 mins | SCORM | Takeaway Tasks

  • When your washing machine stops working, what do you do? Scream? Maybe. Kick it? Quite possibly. But before you pay for an expensive plumber to fix it, you might try giving it a go yourself. You’ll probably consult the manual's troubleshooting guide or even search for common problems online. In business, you probably won’t have a manual with a troubleshooting guide to check when things go wrong, but you should have a risk register. It’s a comprehensive guide to all the risks involved in running the company and how to mitigate, fix, or avoid them. This course will tell you everything you need to know about risk registry to ensure it’s there when you need it most. By the end of this course, you’ll be able to: • Define what a risk register is, and its function in risk management • Identify common risk areas that require a risk register • Describe how to create your own risk register Why take this course? This course, suitable for business leaders, owners, or operation managers, will help you create your own risk register for your business. You’ll learn why they are so important and what areas most need to be covered by a risk registry. 10 mins | SCORM | Takeaway Tasks

  • Taking risks is an inevitable and important part of life. But you can’t wrap people up in bubble wrap for fear that they might take the wrong risk. Risk is what drives innovation, after all. You need people to take intelligent risks and mitigate what they can on their own. Like how you’re taught to look both ways before crossing the street, so it becomes an unconscious habit. The solution is to cultivate a risk culture: an environment that encourages employees to consider risk in everything they do while still promoting innovation. This course will help you implement a risk culture and explain why it’s crucial to an innovative environment. By the end of this course, you’ll be able to: • Define what a risk culture is • Explain the benefits of a risk culture • Identify strategies to cultivate a risk culture Why take this course? Taking risks is essential to innovation, but failing to mitigate risk can be highly destructive. Implementing a culture in which everyone considers risk will help you get this balance right. The course is suitable for business owners, leaders, and operational managers, and will give practical advice on how to create a risk culture. 10 mins | SCORM | Takeaway Tasks

  • As the old saying goes, there’s more than one way to cook an egg. Fried, poached, scrambled, or even boiled! Each method has its strengths and weaknesses. After all, you wouldn’t put scrambled eggs on a salad! Far too messy. When it comes to risk management, there are 4 main ways of doing things: accept, transfer, avoid, and reduce. Like eggs, they each work better in some scenarios than others, so picking the right one is critical. This course will help you select the right approach to managing risks in your business. By the end of this course, you’ll be able to: • Define the 4 risk management strategies • Compare the 4 strategies to select the most appropriate one for the risk in question • Implement the 6 stages of the risk management process Why take this course? This course will help you understand the 4 risk management strategies and where it is most appropriate to use them. Suitable for business leaders, owners, and operational managers, you’ll also learn the risk management process you can utilize with all 4 approaches. 10 mins | SCORM | Takeaway Tasks