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Leading Strategically Through Risk & Uncertainty

Leading Strategically Through Risk and Uncertainty

Overview

We are living in turbulent times; globalisation, disruptive technologies, changing consumer behaviours and shifting regulatory environments contribute to an unpredictable business market. Organisations face a multitude of risks, that they must manage on multiple fronts. Planning for a flexible response is key to managing risk and keeping on track to executing your strategy.

As a leader, you need to be able to deal with risk, be dynamic, and have the means to plan and execute in a volatile environment. This programme is self-reflective, starting with risk awareness and principles for taking decisions under high uncertainty. It is also entity-reflective, taking a strategic view that looks at organisational capabilities and how you can harness these to take advantage of change. It frames risk appetite of the organisation, delving into organisational structure and ethos – even the risk of ruin.

This programme takes risk and strategy learning from different sectors – such as financial services, heavy industry, oil & gas -  and positions this for firms with a technology, professional or service base.

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

Topics

  • 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.

Benefits

  • 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 as one course for those completing 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 *
15-17 October 2018 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.

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:

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.

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