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Integrating Risk into Strategic Decision-Making

3 days (Face-to-face)

£3,450 + VAT (Face-to-face)
£2,600 + VAT (Live Online)

6-8 Jun 2023 (Face-to-face)
5-7 Dec 2023 (Face-to-face)

Delegate presenting idea to the class.

Future-proof your strategic decision-making

This programme helps leaders manage the interaction between strategy and the broader environment. We will look at some of the risk-informed components of decision-making such as risk appetite, culture, strategy, business context, scenario generation. You will be guided through practical frameworks to assess the strategic implications from risks associated with the way your organisation works in reality.

Economic volatility, regulatory change and digital disruption are the new normal. Leaders must respond dynamically to complex risks and uncertainties. Which strategic risks are critical to avoid – or essential to take? Now is the time to embed risk as a critical element in strategy setting. Integrating risk into the strategic plan will improve organisational decision making. More than that, it will improve the organisation’s agility in the face of threats as well as opportunities. You will leave this programme with a reassessment of both your strategy and how to implement it.


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.
Icon: Executive Education Certificates of Achievement.

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.

CPD logo

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.

Risk has often been seen as a technical discipline; rather removed from the “real” business of what organisations do. Equally, although uncertainty has always been a key aspect of any organisation’s existence, it has usually been assumed away as too hard to think about or too nebulous to consider. If we have learned anything from the last few years, we should have learned that these perspectives cannot be sustained. Indeed any organisation that continues to think this way is probably headed for a rude awakening. That is not to say that addressing these issues is easy, but it is now undeniably important. I am endlessly fascinated by the conversations we provoke on this programme. Serious issues raised by serious people and tackled with real commitment. It is an absorbing and valuable experience!
Professor Kishore Sengupta, Academic Programme Director

Faculty & speakers

Learn from our world-class faculty who bring fresh insights from their leading-edge research into all of our Executive Education programmes.

The Academic Programme Director (APD) for the Integrating Risk into Strategic Decision-Making programme is Professor Kishore Sengupta.

Access profiles of the programme’s APD and faculty:

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

Programme formats

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Live Online

Our Live Online programmes bring Cambridge to you wherever you are, delivering the best aspects of a face-to-face learning experience here in Cambridge, into your office or home. Using technologies we are all now familiar with, you will take part in breakout groups with real time interaction between your peers and faculty. You will engage in realistic simulations or use software-enabled “sprint” design development. We also introduce guest speakers, live “Cambridge Union”-style debates and panels of experts and practitioners into the class.

Our Live Online programmes take place over a number of half-day sessions, run in the mornings (UK time).

Watch our video to learn more

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Face-to-face is a traditional, intense classroom learning experience and is all about hands-on interaction. You will be a part of exercises, debates and conversations, engaging directly with our faculty and your peers. Conversations spill over into breaktimes and meals, forming lasting connections. Share your ideas, develop your network and grow professionally, whilst enjoying the historic city of Cambridge.

Who should attend?

  • Senior executives who are responsible for setting and implementing the strategic direction of their organisation
  • Those in senior leadership positions responsible for organisational change
  • Those responsible for risk, resilience, business continuity, or crisis management who wish to take their thinking on resilience to a more strategic level.

COVID-19 (Coronavirus) update

Thank you all for such a splendid course. I thoroughly enjoyed it. It once again challenged my thinking, offered that unique space for reflection and has galvanised me to action a number of points raised during the three days. The conversations during the breaks were incredibly helpful for us to confirm and agree how we might implement certain things once back in the office.
Mark Bloomfield, Director of Revenue Management, Global Media & Entertainment

Why Cambridge Judge Business School?

Cambridge Judge faculty

All of our programmes are designed and led by an Academic Programme Director, who is a member of Cambridge Judge Business School faculty. They will also deliver substantial portions of that programme.

Leading-edge research

The research conducted by Cambridge Judge Business School’s 20 research centres, across a diverse range of disciplines, flows directly into all of our programmes, bringing new insights to our programme content.

Small group learning

With small class sizes, we continue the Cambridge way of learning that emphasises high levels of interaction with both our world-class faculty and peers.

Related programmes

The Integrating Risk into Strategic Decision-Making programme belongs to our Strategy and Growth-topic executive education programmes. Here is a selection of related programmes:

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8-10 and 15-17 Nov 2023

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16 May-18 Jul 2023

Understand disruption and how to deal with it. Learn to build game-changing disruption strategies and business-models to help your organisation thrive.

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Strategic Thinking for the CXO

27 Apr-29 Jun 2023
22 Jun-24 Aug 2023

Delivers the tools to help you to develop and execute strategies to create and maintain competitive advantage, during highly uncertain environments.

Read more


£3,450 + VAT (Face-to-face)
£2,600 + VAT (Live Online)

VAT is charged at the prevailing rate, which is currently 20%; e.g. £3,300 + 20% = £3,960.

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.

Contact us

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

Jasmin Abdel-Moneim

Business Development Director
Open Programmes
Tel: +44 (0)7850 949628

Schedule a call with Jasmin

[email protected]

Access Jasmin's profile

Jasmin Abdel-Moneim

Additional information

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

Participants are expected to attend the full programme.

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

Terms & Conditions for Self-funded Applicants (updated January 2023)

Terms & Conditions for Organisation-funded Applicants (updated January 2023)

Version 18.1 (14 February 2023)