Integrating Risk into Strategic Decision-Making

Your learning journey

Module 1: Heuristics and managing behaviour

• Surface unconscious modes of thinking in yourself and others
• Define and assess the use of heuristics in decision-making
• Develop a heuristic for managing risk.

Module 2: Risk to the enterprise

• Map the risks that you as a manager create on the road to creating value
• Diagnose the aspects of your organisation that could benefit from an enterprise view of risk rather than an individual or functional view
• Draw on management structures that support holistic thinking about organisations.

Module 3: Scenario generation

• Understand the need for scenario thinking
• Identify drivers of change in the wider environment, and their relevance to an organisation
• Build scenarios to avoid the prediction trap of planning for one future.

Module 4: Scenario assessment: connecting futures with strategy

• Assess the likelihood of a scenario and an organisation’s level of preparedness
• Identify and assess key success factors for your organisation
• Identify activities and initiatives today, to address trends that may be material tomorrow.

Module 5: Making sense of complexity

• Recognise how complexity manifests within your organisation
• Reflect upon how you react to complexity and challenge.

Module 6: Systemic effects and contagion

• Internalise a fact: systemic events, though unpredictable will hit sooner or later
• Look for and map the connected elements of your wider business environment
• Understand the process of stress testing your organisation for resilience.

Download the Open Programmes brochure for more information on the modules and faculty.

• Learn how to manage against the unforeseen
• Configure your organisation to be more responsive and resilient to change.
• Recognise and overcome that bias in yourself and in your organisation
• Identify risks early enough to respond
• On completion of the programme, participants will be awarded a digital certificate of completion by Cambridge Judge Business School Executive Education.

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.

This programme is certified by the CPD Certification Service. It may be applicable to individuals who are members of, or are associated with, UK-based professional bodies.

Find out more about CPD.