All organizations—even those with sophisticated models of risk exposure—are vulnerable to disaster. By examining risk management as a key strategic responsibility of senior leadership and corporate boards, you will be better equipped to strengthen your company's approach to internal and external risk. You will return from this risk management program ready to develop and implement winning strategies that balance innovation and risk.
All organizations—even those with sophisticated models of risk exposure—are vulnerable to disaster. By examining risk management as a key strategic responsibility of senior leadership and corporate boards, you will be better equipped to strengthen your company's approach to internal and external risk. You will return from this risk management program ready to develop and implement winning strategies that balance innovation and risk.
Key Benefits
In this enterprise risk management course, you will examine the latest research and best practices for measuring risk level, assessing potential threats, and driving enterprise value. By improving your ability to organize, manage, and govern the risk management function, you will be better prepared to protect your company's assets, brand reputation, and competitive advantage.
In this enterprise risk management course, you will examine the latest research and best practices for measuring risk level, assessing potential threats, and driving enterprise value. By improving your ability to organize, manage, and govern the risk management function, you will be better prepared to protect your company's assets, brand reputation, and competitive advantage.
Details
Anticipate and mitigate different types of risk
Assess your company's potential risks, such as geopolitical crises, competitive threats, brand damage, and unethical employee behavior
Know when to turn down opportunities that could expose your company to excessive risk
Use the three levels of risk hierarchy to build and integrate processes that anticipate, prioritize, and mitigate threats
Transform risk into competitive advantage
Integrate risk management into strategy formulation and execution
Decide which threats to manage and mitigate internally as a source of competitive advantage
Create long-term opportunities from short-term risks
Expand your personal and professional network
Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries across the globe
Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Who Should Attend
Senior business leaders in large established companies who have significant corporate management responsibilities, including:
Chief risk officers and other leaders in risk management roles
Chief financial officers
Board members
General managers, including CEOs, COOs, and division heads
Senior leaders responsible for executing and controlling strategy
Public relations executives
Attendance by multiple company representatives will foster teamwork and amplify the program's impact.
Dive Deeper into the Experience
Inside the Classroom
See how exchange with faculty and peers yields new insights into critical business trends.
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
Admissions Criteria and Process
We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.
Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals. Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, books, case materials, accommodations, and most meals. No payment is necessary until you have been accepted. Payment is required prior to the program start date. If you need to cancel or defer participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Cancellations or deferrals received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.
We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.
Answering Your Questions
Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals. Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, books, case materials, accommodations, and most meals. No payment is necessary until you have been accepted. Payment is required prior to the program start date. If you need to cancel or defer participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Cancellations or deferrals received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.
What You Will Learn
This risk management course immerses you in dynamic case studies, scenario planning, and wargaming exercises, as you explore how public, private, and nonprofit organizations are driving and preserving enterprise value. You will return to your company with a personal Key Risk Indicator scorecard that incorporates risk into strategy execution—and with the frameworks to turn short-range risks into long-term opportunities
This risk management course immerses you in dynamic case studies, scenario planning, and wargaming exercises, as you explore how public, private, and nonprofit organizations are driving and preserving enterprise value. You will return to your company with a personal Key Risk Indicator scorecard that incorporates risk into strategy execution—and with the frameworks to turn short-range risks into long-term opportunities
Recognizing and avoiding the risks from unexpected and undesirable employee behavior
Understanding the adverse consequences of compliance failures due to bribery, fraudulent financial reporting, and other illegal and unethical behavior
Examining the roles of internal controls, codes of conduct, and boundary systems
Establishing compliance standards, integrity initiatives, and internal audits
Linking risk management to strategy formulation and execution
Identifying key risk events that could derail the strategic objectives on your strategy map
Developing a personal Key Risk Indicator scorecard
Selecting the risks that your firm has a comparative advantage in retaining
Implementing risk mitigation initiatives to reduce the likelihood and consequences of risk events
Fine-tuning strategies to be adaptable and robust for multiple states of the world
Managing the risks from uncontrollable external events
Recognizing the risks in interconnected and complex systems
Identifying risks that the enterprise should insure or hedge against
Estimating the likelihood and consequences of sudden events with "heat" maps
Using scenario analysis and wargaming to anticipate and plan for external risks
Responding to risk associated with macroeconomic or global political factors
Responding to reputational and brand risks
Dealing with unfavorable feedback from the media and other constituents
Responding to unexpected data about your operations, products, and services
Understanding the difference between risk management and crisis management
Recognizing the potential causes and consequences of a data breach
Identifying board directors' roles and responsibilities for cybersecurity
Organizing, managing, and governing the risk management function
Deciding on the appropriate level of authority for your risk management function
Setting priorities and establishing funding for risk mitigation initiatives
Embedding risk management in your organizational reporting structure
Maintaining the creative tension between innovation and risk management
Anticipating the risks inherent in a high-innovation strategy
Balancing the rewards from innovative ventures with the risks from unexpected events
Recognizing and avoiding how "bad things can happen to innovative strategies"
The HBS Advantage
Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.
Faculty Cochairs
Robert S. Kaplan
Senior Fellow, Marvin Bower Professor of Leadership Development, Emeritus
Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.
Faculty Cochairs
Robert S. Kaplan
Senior Fellow, Marvin Bower Professor of Leadership Development, Emeritus
Program content, 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.
Turning unexpected risks into new business opportunities.
