As companies adapt to the aftershocks of the global recession, senior executives and boards are discovering that risk management has never been more important. The financial crisis revealed that risk management structures break down just when they are needed most because of siloed and fragmented processes and a lack of senior executive and board support. To be fully effective, senior executives must ensure that strategic and competitive considerations are embedded within their risk management processes and structures. Harvard Business School faculty have developed Risk Management for Corporate Leaders to help managers and board members identify the different types of risk facing their organizations, achieve an appropriate balance between innovation and risk, and protect the enterprise from the consequences of unexpected events.
This comprehensive program provides the tools needed to measure your company's level of risk and to embed risk management into strategy choices and execution. By examining the latest research and best practices, you will learn how to drive and preserve enterprise value across your organization. Key topics include:
- Recognizing and avoiding the risks from unexpected and undesirable employee behavior
- Maintaining the creative tension between innovation and risk
- Identifying and overcoming individual and organizational biases that weaken risk management
- Integrating risk management into strategy formulation and execution
- Managing the risks from uncontrollable external events
- Responding to reputational and brand risks
- Organizing and governing the risk management function
Through real-world case studies, the program explores how risk can cause good business strategies to fail and how companies can protect themselves from the consequences of unexpected events. You will learn how to develop and implement risk management processes that anticipate, prioritize, mitigate, and manage threats across the enterprise—ranging from failures in compliance and internal controls to risks emanating from uncontrollable external events. Equipped with an action plan for incorporating risk into strategic execution, you’ll return to your company prepared to drive and secure enterprise value.
This program is intended for senior leaders in large established companies who have significant corporate management responsibilities. Typical participant titles range from chief risk officers and chief financial officers to business heads, chief executive officers, and members of the board’s risk committee. Executive teams of two or more managers responsible for executing and controlling strategy also are encouraged to apply.
Programs, dates, fees, and faculty are subject to change.
In accordance with Harvard University policy, Harvard Business School does not discriminate against any person on the basis of race, color, sex or sexual orientation, gender identity, religion, age, national or ethnic origin, political beliefs, veteran status, or disability in admission to, access to, treatment in, or employment in its programs and activities.