This five-day executive programme is designed and delivered by some of the world’s leading faculty and researchers in the field of organisational risk. It will demonstrate and instil optimal practices from a range of real-world perspectives that are critical to the effective functioning of your organisation.
Through the examination of psychological and sociological approaches to understanding risk, participants will be given the opportunity to apply new insights to risk management practices within global organisations. This executive course enables participants to better understand the individual, group and organisational influences on risk-taking and to structure risk management practices accordingly.
The course is interactive, and participants will engage in a range of activities and case discussions designed to enhance their understanding of risk. There will also be opportunities for participants to examine risk management in their own organisations, and to plan for future development, with the benefit of personalised feedback from LSE faculty.
Enhance your understanding of the nature of risk
Develop insight into personal approach to risk perception and risk management
Gain greater knowledge about the psychology of risk as it applies to individuals, groups and organisations
Understand how organisational risk cultures are created and their influence on individual and group-level behaviour
Take away a toolkit of techniques for developing risk management practices
Undertake an individual assignment, with feedback from LSE faculty, to develop risk management practices within your own organisation.
Major topics covered:
The nature of risk
You will enhance your ability to define risk, and also, better understand the ways that individuals, groups and organisations behave in relation to risk.
Risk management practices
During five intensive days, you will consider risk in terms of both loss and gain, in addition to organisational issues relating to differential management of risk. For example, some organisations seek extremely low levels of risk, e.g. power or transportation, whereas others accept a balance between risk and return, e.g. start-ups, or innovators. You will then engage in discussion topics around how risks are simultaneously created and mitigated, and responsibilities for managing risk.
Individual-level drives and motives influence preferences for risk-taking that shape individual behaviours. This executive programme will allow you to examine how genetics, experiences and personality influence risk perception and, with a global perspective, discuss the implications for individual-level choices as well as groups and organisations.
Sociological approaches to risk
Definitions of risk and approaches to it are influenced by social variables. This intensive course will look in particular at the idea of ‘risk culture’ and behavioural approaches to risk management.
You will be challenged to consider the importance of understanding real-world decisions, non-rational decision processes and their implications for organisational risk management. Your theoretical toolkit will be expanded through the use of expected utility theory, prospect theory and framing, to understand how decisions are made and where decisions deviate from rationality.
Organisational risk management practices are designed to achieve particular goals that relate to organisational objectives. Interactive case discussions will allow you to review a range of risk management practices and consider whether they take account of individual, group and organisational process.
This executive course is suitable for:
Managers and senior managers with responsibility for risk management
Participants working in organisations where risk management is a core activity
Participants from public or private sector organisations, including those who do not have a specific risk management function, yet there are elements of risk in their roles and organisations
Entrepreneurs who need to manage the risks associated with establishing and growing their business
C-suite participants seeking to develop their understanding of risk and organisational risk management processes.
Participants should have some experience of managing risk or experience of working within a role where risk is inherent (e.g. setting up a business).
What's included in the fee?
The fee for this executive course includes: all LSE tuition, course materials, daily lunches, coffee breaks, two complimentary networking events with fellow senior participants and full office support. You will also be awarded an LSE certificate of completion at the end of the five days.