Cambridge Judge Business School

Integrating Risk into Strategic Decision-Making

Cambridge Judge Business School

Strategy

About Programme

Risk appetite. Culture. Strategy. Harness risk for better decision-making and learn to manage the interaction between strategy and the broader environment.

In times of economic volatility, regulatory change and digital disruption, risk is a critical element in strategic decision-making. The Integrating Risk into Strategic Decision-Making programme will help you successfully embed risk into your strategic thinking. Which strategic risks are critical to avoid? Which are essential to take? Gain the mindset and frameworks to integrate risk into your planning, improving your organisational decision making and your ability to thrive in the face of threats and opportunities.

Reset your ability to perceive, mitigate and take advantage of risk and create strategic impact in your organisation.

Programme Content

Module 1: Heuristics and managing behaviour

Surface unconscious modes of thinking in yourself and others.
Understand the use of heuristics in decision-making.
Develop a heuristic for managing risk.

Module 2: Risk to the enterprise

Map the risks that you create on the road to generating value.
Explore the aspects of your organisation that could benefit from an enterprise view of risk rather than an individual or functional view.
Draw on management structures that support holistic thinking about organisations.

Module 3: Scenario generation

Understand the need for scenario thinking.
Identify drivers of change in the wider environment, and their relevance to your organisation.
Build scenarios to avoid the prediction trap of planning for one future.

Module 4: Scenario assessment: connecting futures with strategy

Assess the likelihood of a given scenario and your organisation’s level of preparedness.
Identify and assess key success factors for your organisation.
Identify activities and initiatives today to address the trends of tomorrow.

Module 5: Making sense of complexity

Discover how complexity manifests within your organisation.
Reflect upon how you react to complexity and challenge.

Module 6: Systemic effects and contagion

Internalise a fact: systemic events, though unpredictable will hit sooner or later.
Map the connected elements of your wider business environment.
Explore the process of stress testing your organisation for resilience.

Programme Audience

Take your thinking on risk and resilience to a more strategic level. This programme is for you if:

you are a senior leader responsible for setting and implementing strategic direction
you are a director or senior leader responsible for organisational change
you are responsible for risk, resilience, business continuity, or crisis management and want to take your thinking on resilience to a more strategic level

Programme Benefits

Benefits for you
Learn strategies to manage against the unforeseen.
Enhance your ability to identify risks early enough to respond.
Recognise and overcome decision-making bias in yourself.
Collaborate with leading faculty from the University of Cambridge.
Become part of an international and ambitious peer support network.
Receive a digital certificate of completion by Cambridge Judge Business School Executive Education.
Benefits for your organisation
Configure your organisation to be more responsive and resilient to change.
Overcome embedded organisational decision-making bias.
Enhance your organisation’s competitive advantage.

Testimonials

"Risk has often been seen as a technical discipline; rather removed from the real business of what organisations do. Equally, although uncertainty has always been a key aspect of any organisations existence, it has usually been assumed away as too hard to think about or too nebulous to consider. If we have learned anything from the last few years, we should have learned that these perspectives cannot be sustained. Indeed any organisation that continues to think this way is probably headed for a rude awakening. That is not to say that addressing these issues is easy, but it is now undeniably important. I am endlessly fascinated by the conversations we provoke on this programme. Serious issues raised by serious people and tackled with real commitment. It is an absorbing and valuable experience!"

Professor Kishore Sengupta

Academic Programme Director

"Being at Cambridge Judge Business School gave me an opportunity to think and come up with new ideas and better solution."

Luis Armendaris

CEO Gordon Lewis Group

"Thank you all for such a splendid course. I thoroughly enjoyed it. It once again challenged my thinking, offered that unique space for reflection and has galvanised me to action a number of points raised during the 3 days. The conversations during the breaks were incredibly helpful for us to confirm and agree how we might implement certain things once back in the office."

Mark Bloomfield

Director of Revenue Management Global Media Entertainment

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Contact us for the further details

Speak with an Advisor

  1. Pedagogy (case method, experiential learning, coaching, simulations)
  2. Programme Objective
  3. Brochure

Prashansa Uttam

Programme Advisor

+91 9403890085[email protected]Mon – Fri, 9am – 5pm IST

Cambridge Judge Business School

Executive Education Office

Brett Hunter
+44 (0)7885 608543
https://www.jbs.cam.ac.uk
Cambridge, UK

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Integrating Risk into Strategic Decision-Making | Cambridge Judge Business School