Programmes

Managing Risk in Organisations

  • Executive
  • Department of Management
  • Application code EE906
  • Starting 2018

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.

5 day intensive programme running 11 - 15 June 2018

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.

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.

Case study: Read how our previous participant Ruth Denyer, Group Head of Health, Safety and Insurance Risk Management, implemented her learnings from the course to reshape her approach to managing risk at ITV. 

Tuition Fee: £5,795

Includes all LSE tuition, course materials, daily lunches, and networking events. You will also be awarded an LSE certificate of completion at the end of the five days.

Part of LSE Executive Education Courses

Programme details

Entry requirements

Executive Education Courses are taught to the School's high standard and are therefore academically rigorous. Participants are expected to be fluent in English, with a good first degree in a relevant subject. 

As an executive programme, experience in the workplace is a key requirement. Most of our participants have more than 10 years' experience but we will consider fast-track candidates with a minimum of two years' professional experience. 

Requirements in brief

  • Fluency in English
  • Undergraduate degree
  • Professional experience (see above)

Pre-requisites:

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).

More information about LSE Executive Education Courses.

Programme structure

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 differences
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.

Decision making
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 practices
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.

Course outcomes

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.

 

Faculty and guest speakers

The course will be taught by:

  • Dr Emma Soane
  • Professor Paul Willman

Download a detailed course outline

Download a detailed course outline

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