Risk management for both large and Small businesses and those willing to venture into businsess/entrepreneurship
In an era where the world can change in an instant, business risk management helps to take a broader look at all the uncertainties/risk that has the potential to affect our business. Business risk management is an invaluable tool for navigating the uncertain business world.
What you’ll learn
- You will understand the concept of risk management in Business.
- You will be able to develop a risk management plan and establish a risk management environment for your business.
- You can become a better risk manager by practicing many of the risk management techniques covered in this course to help you improve your risk management.
- You will be intentional about Risk management.
- You will be able to make risk-based decision. for your businesses and projects.
Course Content
- Introduction –> 3 lectures • 8min.
- Course Objective –> 4 lectures • 14min.
- Principles of Risk Management –> 4 lectures • 9min.
- Risk Identification –> 4 lectures • 8min.
- Case Study –> 7 lectures • 20min.
- Plan Risk responses –> 5 lectures • 16min.
- Review Monitor and Appraise –> 1 lecture • 2min.
Requirements
In an era where the world can change in an instant, business risk management helps to take a broader look at all the uncertainties/risk that has the potential to affect our business. Business risk management is an invaluable tool for navigating the uncertain business world.
Your business can benefit from risk management by making better decisions based on accurate information. It promote realistic forecasting and you can make sound management decisions by taking into account the best current knowledge of the future.
Businesses are better managed with risk fully understood. Specific risk can be negotiated, it can be made clear who bears them, and how they can be responded to.
Risk management helps to guarantees growth, profitability and sustainability of our business. It is important to timely identify and manage risk. Risk should be sufficiently mitigated to a level where they no longer pose a threat to the business objectives.
Sound business decisions are not made because the decisions looks nice, sound business decisions are made haven considered the risk that may impact the business objectives.
This course is designed to equip business owners, managers and individuals interested in going into business/entrepreneurship with the required expertise to identify, analyze and respond to risk before they become a problem to the business