The ongoing CONVID-19 pandemic and global economic crisis, along with a range of other looming challenges (climate change, globalization, unrests in some parts of the world, growing income gaps and widespread social mobility), have presented global organizations with a daunting array of risks.
Today, risk management is viewed as an organization-wide and integrated method of assessing and addressing the widest possible range of risks. Virtually every developed country in the world now have a form of requirement or legal framework for risk management.
To further understand the changing scope of this new area of business management, a recent survey carried out amongst some world largest firms when asked to identify their risks, presented the following areas;
- Regulatory/legislative change
- Damage to brand
- Business interruption
- Economic slowdown
- Failure to innovate to meet customers’ needs
- Failure to attract and retain top talents
- Technology failures
- Cash flow risk
- Increasing competition
- Commodity price risk.
For students that are familiar with the risk management field, the above lists represent a far cry from the historic concerns with risks. CONVID-19 has proven the frailty and weak capacity of Governments all over the world including corporate organizations to respond effectively to the pandemic.
This course of study brings excitement and interest to understanding one of the emerging yet critical aspect in business management. Against not necessarily managing mundane risks but those risks that are compelling and fast emerging.
This course of study is deliberately designed to open up new knowledge area and develop new skill for security professionals as key players and partners in managing risks that businesses are exposed to.
Participants: Corporate risk officers/managers, Auditors, Security Managers and Coordinators, Corporate strategy officers, Corporate Legal officers/Corporate governance team members, finance staff, Government enforcement officers, business owners.