Module 2: Strategic Risk Identification and Assessment

This module focuses on identifying and analyzing risks affecting organizational strategy.

Topic 2.1: Environmental Scanning

1. Conducting PESTEL and competitive analysis.
2. Identifying macroeconomic risks and opportunities.
3. Leveraging big data for strategic insights.

Topic 2.2: Industry and Market Risk Analysis

1. Assessing competitive pressures using Porter’s Five Forces.
2. Evaluating supply chain vulnerabilities.
3. Identifying emerging trends and disruptive technologies.

Topic 2.3: Financial Risk Assessment

1. Assessing credit, market, and liquidity risks.
2. Evaluating currency exchange and inflation impacts.
3. Understanding risk return trade-offs.

Topic 2.4: Operational Risk Evaluation

1. Identifying risks in processes, systems, and people.
2. Assessing risks in IT, cybersecurity, and business continuity.
3. Conducting failure mode and effect analysis (FMEA).

Topic 2.5: Strategic Risk Mapping

1. Mapping risks to strategic objectives.
2. Aligning mitigation strategies with business goals.
3. Scenario analysis and stress testing.
4. Reverse engineering – strategy hypothesis testing and analysis

Module 3: Organizational Design and Risk Architecture

Explores how organizational structures and systems support effective risk management.

Topic 3.1: Building a Risk-Aware Culture

1. Promoting organizational awareness and accountability.
2. Designing risk training and capacity-building programs.
3. Integrating risk into performance management.

Topic 3.2: Governance and Risk Oversight

1. Defining roles and responsibilities in risk governance.
2. Establishing risk committees and escalation protocols.
3. Aligning risk governance with corporate governance.

Topic 3.3: Technology in Risk Management

1. Leveraging IT tools for risk tracking and analytics.
2. Evaluating enterprise risk management software (ERM platforms).
3. Incorporating AI and machine learning for predictive analysis.

Topic 3.4: Risk Architecture Design

1. Structuring risk management functions within the organization.
2. Developing frameworks for decentralized and centralized risk.
3. Implementing systems for integrated risk management.
4. Risk department scorecard and responsibility accounting

Topic 3.5: Organizational Resilience

1. Designing adaptive structures for dynamic environments.
2. Developing resilience against economic shocks and crises.
3. Embedding agility in organizational processes.

Module 4: Strategy Formulation and Execution

Covers strategic planning, formulation, and execution in risk-sensitive environments.

Topic 4.1: Strategic Planning Frameworks

1. Introduction to Balanced Scorecard, OKRs, and KPIs.
2. Incorporating risk into long-term strategic planning.
3. Aligning strategic initiatives with organizational vision.
4. Conventional traditional strategic planning vs Modern Planning Approaches – Blue Ocean Strategy, Balanced Scorecard, Playing To Win, Competitive Strategies, Value Curve, etc.
5. Revenue modeling and Resource diversification strategies
6. IT strategy alignment to the corporate strategy
7. Relationship between Risk Management, Innovation and Sustainable Growth

Topic 4.2: Scenario and Contingency Planning

1. Developing contingency plans for high-impact risks.
2. Using scenario analysis for strategic decisions.
3. Planning for uncertainty in volatile environments.

Topic 4.3: Strategy Execution Challenges

1. Overcoming barriers to strategy implementation.
2. Monitoring execution progress with KPIs.
3. Managing change and aligning teams with strategy.

Topic 4.4: Performance Measurement

1. Defining metrics for strategy success.
2. Linking performance to risk management outcomes.
3. Conducting periodic strategy reviews and adjustments.
4. Effective monitoring and evaluation framework management

Topic 4.5: Strategic Leadership

1. Developing leadership competencies for strategy.
2. Leading cross-functional teams in strategy execution.
3. Building consensus among stakeholders.

Module 5: Crisis and Reputation Management

Focuses on managing crises and safeguarding organizational reputation.

Topic 5.1: Crisis Management Planning

1. Developing comprehensive crisis management frameworks.
2. Identifying triggers and early warning signs of crises.
3. Conducting crisis simulations and readiness drills.

Topic 5.2: Communication During Crises

1. Crafting effective internal and external communication plans.
2. Managing media and stakeholder expectations.
3. Ensuring transparency and accountability.

Topic 5.3: Reputation Risk Management

1. Identifying risks to organizational reputation.
2. Protecting brand value during adverse events.
3. Managing social media and public perception.

Topic 5.4: Post-Crisis Recovery

1. Developing recovery and restoration strategies.
2. Conducting post-crisis reviews and lessons learned.
3. Reinforcing trust among stakeholders.

Topic 5.5: Ethical Considerations in Crises

1. Balancing ethical dilemmas with organizational priorities.
2. Maintaining integrity under pressure.
3. Aligning crisis actions with organizational values.

Module 6: Leadership in Risk Strategy and Stakeholder Engagement

This module focuses on leadership and stakeholder management in risk strategies.

Topic 6.1: Risk Leadership Principles

1. Developing a risk-oriented leadership mindset.
2. Balancing risk aversion with risk-taking.
3. Empowering teams to make informed decisions.

Topic 6.2: Stakeholder mapping and engagement

1. Identifying key internal and external stakeholders.
2. Developing strategies for stakeholder engagement and optimization.
3. Managing conflicting stakeholder expectations
4. Designing effective stakeholder engagement and management scorecard

Topic 6.3: Corporate Social Investment (CSI or CSR) and Risk

1. Integrating CSI into risk strategies using CSI/ CSR Scorecard aligned with UN SDGs
2. Managing environmental, social, and governance (ESG) risks.
3. Building and sustaining corporate social capital.

Topic 6.4: Leading Risk Initiatives

1. Planning and leading organization-wide risk initiatives.
2. Coordinating cross-departmental risk strategies.
3. Ensuring alignment with business objectives.

Topic 6.5: Decision-Making Under Uncertainty

1. Using decision frameworks for ambiguous situations.
2. Leveraging data and intuition for complex decisions.
3. Avoiding cognitive biases in strategic decisions.

Module 7: Advanced Analytical Tools for Risk Management

Provides technical skills and tools for data-driven risk management.

Topic 7.1: Quantitative Risk Analysis

1. Conducting Monte Carlo simulations.
2. Using probability distributions for risk evaluation.
3. Developing decision trees and risk scenarios.

Topic 7.2: Data Analytics in Risk Management

1. Leveraging data visualization tools.
2. Analyzing historical trends for predictive insights.
3. Integrating big data in risk analysis.

Topic 7.3: Financial Risk Modeling

1. Creating models for credit, market, and operational risks.
2. Performing sensitivity and scenario testing.
3. Building models for portfolio risk management.

Topic 7.4: Emerging Technologies in Risk

1. Applying blockchain for risk transparency.
2. Leveraging AI for risk prediction and mitigation.
3. Assessing cybersecurity risks in digital transformations.

Topic 7.5: Tools for Collaboration

1. Using collaborative platforms for risk management.
2. Managing distributed risk teams effectively.
3. Enabling real-time updates on risk frameworks.