Business Strategy And Operations
Thinking Strategically and Managing Risk
Assessing Your Organization's Risks
Identifying Risks in Your Organization
Responding Effectively to Risks
Thinking Strategically as a Manager
Using Strategic Thinking to Consider the Big Picture

Assessing Your Organization's Risks

Course Number:
ast_01_a04_bs_enus
Lesson Objectives

Assessing Your Organization's Risks

  • identify the key concepts in assessing risks
  • distinguish between common techniques to assess opportunities and those to assess threats
  • recognize techniques to assess both opportunities and threats together
  • identify questions to ask when performing an assessment of opportunities
  • recall the steps in assigning rankings during a threat assessment
  • sequence the steps to take in calculating the RPN and prioritizing risks
  • recognize methods for performing a risk assessment

Overview/Description
Risk is a fact of life for businesses and as a manager, you must know how to manage it. But before you can do that, you need to assess the risk in order to create a strategy to avoid or mitigate it. In this course, you will learn common techniques to assess risk, including opportunity assessment, and threat assessment using FMEA - failure mode and effects analysis.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Identifying Risks in Your Organization

Course Number:
ast_01_a03_bs_enus
Lesson Objectives

Identifying Risks in Your Organization

  • distinguish between internal and external risks
  • match situations to either the brainstorming or interviews risk identification technique
  • recognize when to use reviews and analysis in identifying risk
  • recognize actions to take in planning a brainstorming session
  • identify guidelines for conducting a brainstorming session to identify risks
  • recognize ways to deal with common brainstorming challenges
  • use techniques to identify risks in your organization

Overview/Description
As a manager, it's important that you understand and prepare for risk. This course focuses on identifying risk factors, which is the first stage of risk management. It outlines key techniques you can use to identify risk including how to use root cause identification, the Delphi technique, and brainstorming sessions.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Responding Effectively to Risks

Course Number:
ast_01_a05_bs_enus
Lesson Objectives

Responding Effectively to Risks

  • match examples of avoiding threats to the appropriate methods
  • recognize methods of transferring threats
  • identify ways of mitigating threats
  • match types of threat acceptance to examples
  • sequence the responses to opportunities
  • recognize how to effectively use contingency response strategies
  • use techniques to effectively respond to risks

Overview/Description
Once you have identified and assessed risks, you then have to deal with them. This course covers general strategies for dealing with risk, such as risk exposure adjustment and contingency planning. It also outlines specific strategies for dealing with both threats and opportunities.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Thinking Strategically as a Manager

Course Number:
ast_01_a01_bs_enus
Lesson Objectives

Thinking Strategically as a Manager

  • recognize characteristics of strategic thinking
  • recall traits of strategic thinkers
  • recognize techniques you can use to develop a clear vision in order to enhance strategic thinking
  • identify methods of becoming a strategic thinker through being creative
  • select ways of dealing with complexity in order to become a strategic thinker
  • recognize strategic thinking techniques involving knowing what's going on in your organization
  • use methods to develop your strategic thinking skills

Overview/Description
It's important that all professionals in an organization learn how to think strategically in order to help them in their management tasks. This course explores the characteristics of strategic thinking as well as the traits you need to be an effective strategic thinker. It also covers how to develop your capacity for thinking strategically though being creative, being prepared to deal with complexity, and being aware of what's going on inside and outside your organization.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

Prerequisites: none

Using Strategic Thinking to Consider the Big Picture

Course Number:
ast_01_a02_bs_enus
Lesson Objectives

Using Strategic Thinking to Consider the Big Picture

  • recognize ways to get a sense of the bigger picture by elevating your perspective
  • identify examples illustrating how understanding paradoxes helps in gaining a big-picture view of your organization
  • recognize techniques to understand causality in order to get a sense of the bigger picture of your organization
  • identify the steps to take in considering external factors to gain a big-picture view of your organization
  • distinguish between actions that encourage big-picture thinking in relation to internal direction and internal stakeholders
  • recognize how assessing your organization's value and supply chains can help you develop big-picture thinking
  • use methods to increase your big picture view of your organization

Overview/Description
Big-picture thinking stretches beyond the short term and considers how an organization can succeed in the longer term. This course describes how the ideas of systems thinking can help you elevate your perspective, become skillful at making sense out of opposites and contradictions, and better understand cause and effect while managing your department. It also explains actions you can take to encourage big-picture thinking and how understanding the organizational value chain can help you connect to the organization's strategy and strategic plans and implement them more effectively.

Target Audience
Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skills and learn about issues relating to risk and risk management

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