skip to navigation skip to content

Leading Strategically Through Risk & Uncertainty


Planning for a changing environment, as well as direct disruption to your core activities, is key to managing risk - keeping delivery of your strategy on track.

As a leader you need to have the means to identify and manage risk at individual, group and organisational levels. We examine behavioural drivers of risk and how to alleviate and, in some cases, take advantage of these. A second theme is tools for assessing future challenges and planning the strategic responses that may be required create new opportunities for your firm. We connect these two themes by considering how achieving the strategy of the organisation depends on its culture, on one hand, and its governance, on the other.

This programme is self- and entity-reflective in helping you to take a close look at your own behavioural decisions and reactions and that of your organisation in the face of risk.

Corporate risk

From a risk perspective, the past decade has been traumatic, from the global financial crisis to election shocks of tectonic proportions. Professor Daniel Ralph of Cambridge Judge says not to expect the next decade to be any better, instead – plan to be surprised.

Read the article


  • Behavioural decisions and reactions
  • Heuristics – a problem-solving technique
  • Dynamic decision environments and managing them
  • Disruption and scenarios
  • Risk management
  • Organisational structure and governance
  • Disciplined catastrophe management (avoiding the risk of ruin)
Self-recognition: Knowing yourself, Risk-related behaviours, Decisions in volatile environments.

Strategic view: Looming business challenges; Capabilities for today; Commitments for tomorrow.

Managing the enterprise: Accountability/foreseeable risks; Operationalising risk response; Defining risk appetite.


  • Learn to identify and manage risks at individual, group and organisational levels, and turn them into opportunities for defining and implementing strategy
  • Develop an awareness of how risks occur in immediate and longer-term contexts
  • Execute risk management strategies and learn from outcomes
  • Create competitive advantage in your own organisation from managing risks well
  • Take away a framework and a set of checklists that you can use and adopt in your own organisation
  • Experience an international and diverse perspective, in a cohort made up of mixed nationalities and industries, in an environment that nurtures open discussion and debate

This programme counts towards the Cambridge Judge Business School General Management Certificate of Achievement. On completing the GMCA you will be eligible to become an associate member of Cambridge Judge Business School's global network of graduates and business-focused University of Cambridge alumni, faculty and staff.

Who should attend

You will be an:

  • Executive in any size company, small or large, who is in a position to effect change, either within your strategic business unit, or on a wider level
  • Executive in a senior level positions tasked with scenario planning
  • Executive looking to address the future challenges of the organisation
  • Executive looking to bring their team together, to scenario plan, understand and anticipate unforeseen risk
  • Executive who wishes to identify ways that the organisation can maintain competitive advantage and risk avoidance.

We welcome small teams of executives (a maximum of four people from the same company).

Faculty & speakers

Daniel Ralph

Daniel Ralph

Professor of Operations Research

PhD (University of Wisconsin)

View profile

Kishore Sengupta

Kishore Sengupta

Director of Executive Education and Reader in Operations Management

MBA, PhD (Case Western University)

View profile

Dates & fees

Dates Duration Fees *
22-24 May 2019 3 days £2,995 + VAT
2-4 October 2019 3 days £2,995 + VAT

VAT is charged at the prevailing rate, which is currently 20%; e.g. £2,995 + 20% = £3,594.

* Fees include instruction, materials, lunch and breaks. Preferential rates may be available for groups, University of Cambridge alumni and members of the School's Alumni Association. Please note prices pre-registration are subject to change.

For information regarding payment terms, cancellation rights, transfer policies and fees, please see our terms & conditions documents:

Terms & Conditions for Self-funded Applicants (pdf, 233KB) (updated 31 January 2018)
Terms & Conditions for Organisation-funded Applicants (pdf, 250KB) (updated 31 January 2018)

Registration closes at midday two working days before the programme start date.

Participants are expected to attend the full programme.

I chose the programme to have my beliefs and practices - and those of my clients - challenged and improved, particularly around how we relate to 'uncertainty' and how it may affect behaviours and decision-making.

The facilitators led us through very practical approaches to understand and respond to a wide range of real challenges. This was no ivory tower theorising - I really benefited from the lessons shared by faculty and participants. Even as an experienced consultant to Board level in nationally significant organisations, this programme pushed me to realise how much more distance I need to put between risk management - even at enterprise level; use of scenarios to stress-test decision options; and the use of 'shock' scenarios which pose a risk of ruin.

This programme led me to re-design, enlarge and bring extra rigour to the approaches I now offer clients - with resoundingly positive feedback!
David Santineer, Founder & CEO, Proactive by Design
I chose this programme as the highly uncertain environment I operate in means that developing a long-term strategy for my business is extremely difficult. The programme was a total eye-opener, providing a practical approach that everyone can use and apply immediately in their business with lots of real examples and discussion. Great tools were provided that helped me to understand how to assess and respond to uncertainty and set the best strategy for my company. The faculty on the programme were highly knowledgeable and skilled in facilitating valuable group discussions. The programme helped me to understand how I behave in uncertain environments and how to use scenario planning to anticipate unforeseen risk.
Mostafa Mizban, Executive Vice President and share-holder, Zarrin Roya
Mostafa Mizban

If you have any questions or would like to have a chat about this programme and how it could benefit you or your organisation, please get in touch with the programme advisor:

Elizabeth McDonald

Corporate Business Development Director
Tel: +44 (0)1223 765496

Access Elizabeth's profile

Elizabeth McDonald

Version 1 (8 January 2018)

Book a place

You can register for this programme via our online system. Please note the registration form will open in a new tab/window.

When you register for this programme, please let us know if your organisation is paying for your placement or if you are applying as an individual.


Select your chosen date:


Select your chosen date:

22 February 2019

Interested in finding out more?
Dr Kishore Sengupta's interactive webinar will look at risk, and understanding how complexity creates these challenges whilst also considering trends and acknowledging that opportunities can arise from these risks.

Webinar sign up

View our interactive brochure to find out more about the programme.

Learn more

Identify the right open programme for you or your organisation.

Explore our programmes