The information below is based on the prior program session and does not reflect potential changes to faculty and course content for future program offerings. Please consider applying to the related program.
Summary
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.
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.
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.
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.
Application Deadline
DEC 2021 session application due: 03 DEC 2021
Applications submitted after the due date will be considered on an individual basis
and may not be processed in time to grant admission.
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.
You will be invoiced upon admission to the program. Invoices are due within 30 days
of receipt, or upon receipt if the program start date is less than 30 days from the
invoice date. If you need to cancel or defer your participation, you must submit your
request in writing more than 30 days before the start of the program to receive a
full refund. Cancellation or deferral requests 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.
Application Deadline
DEC 2021 session application due: 03 DEC 2021
Applications submitted after the due date will be considered on an individual basis
and may not be processed in time to grant admission.
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.
You will be invoiced upon admission to the program. Invoices are due within 30 days
of receipt, or upon receipt if the program start date is less than 30 days from the
invoice date. If you need to cancel or defer your participation, you must submit your
request in writing more than 30 days before the start of the program to receive a
full refund. Cancellation or deferral requests 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
Participants should expect to spend at least 9-12 hours on self-paced case preparation
prior to attending the program. Case materials will be made available approximately
two weeks prior to program start.
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
Participants should expect to spend at least 9-12 hours on self-paced case preparation
prior to attending the program. Case materials will be made available approximately
two weeks prior to program start.
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.
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.
Insights from a range of industries ignite your thinking.
Insights from a range of industries ignite your thinking.
3%
Chem / Pharma / Bio
42%
Financial
3%
Health Care
4%
High Technology
3%
Manufacturing
9%
Nonprofit Services
3%
Real Estate / Construction
10%
Professional Services
5%
Raw Materials / Energy
3%
Consumer Products
Top Industries Represented
Insights from a range of industries ignite your thinking.
3%
Chem / Pharma / Bio
42%
Financial
3%
Health Care
4%
High Technology
3%
Manufacturing
9%
Nonprofit Services
3%
Real Estate / Construction
10%
Professional Services
5%
Raw Materials / Energy
3%
Consumer Products
Experience
Experience
Years worked
Years worked
Experience
Years worked
Less than 10 yearsLess than 10 years
10-14 years10-14 years
15-19 years15-19 years
20-24 years20-24 years
25-29 years25-29 years
30-34 years30-34 years
35-39 years35-39 years
40 years or more40 years or more
Less than 10 yearsLess than 10 years
10-14 years10-14 years
15-19 years15-19 years
20-24 years20-24 years
25-29 years25-29 years
30-34 years30-34 years
35-39 years35-39 years
40 years or more40 years or more
Participating Companies Have Included:
Accenture
Arrow Transportation Systems
Caterpillar
Chick-fil-A
Duke Energy Corporation
Federal National Mortgage Association
Fidelity
Infosys
Johnson & Johnson
Netflix
TIAA-CREF
Program content, dates, schedule, fees, technology platforms, 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.
