Strategic Management of Risk - MAN00014H

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Module will run

Occurrence	Teaching period
A	Spring Term 2022-23

Module aims

This module aims to enable students to develop an understanding of the strategic role risk management techniques and systems play in a global context. While initially focussing on key techniques of risk assessment and management, the module places a strong emphasis on organisational and cultural aspects of risk perception, communication, assessment and management. The module then draws these perspectives together through a series of in-depth, contemporary case studies.

Module learning outcomes

At the end of this module, students should have acquired knowledge of:

• How risks are defined and perceived in different organisational contexts
• The different strategic approaches that organizations use to manage risk
• The role that cultural and organizational factors play in risk management
• How approaches to risk management vary in different industries and sectors

By the end of this module, students should be able to:

• Critically evaluate and compare the way that different organisations manage risk
• Apply theories about risk management to real-life examples drawn from different sectors
• Carry out primary research in order to obtain accurate information about how different organisations manage risk
• Present relevant and appropriately detailed information coherently, articulately and confidently

Module content

Amongst the main topics that will be covered on this module are:

· Risk cognition and perception

· Culture and risk

· Crisis management

· Health & safety in the workplace

· Risk management in the financial sector

· Enterprise Risk Management (ERM)

· Risk management in the public-sector

Indicative assessment

Task	% of module mark
Essay/coursework	80
Essay/coursework	20

Special assessment rules

None

Indicative reassessment

Task	% of module mark
Essay/coursework	80
Essay/coursework	20

Module feedback

For the individual report, students will receive feedback before the submission of their essay. Feedback forms will provide feedback on both the content and the delivery/structure of their reports. Feedback forms will also provide guidance on key areas for focusing upon with regards to the essay assignment.

For the formative assessment, students will receive electronic feedback forms (via email) before the end of Week 10. These feedback forms will provide specific guidance on their essay plans and, where appropriate, will offer suggestions about how they might improve/alter their plans.

Module assessment reports to students are written by the module leader for all assessments (open and closed) and placed on the VLE after the Board of Examiners has received the module marks.

Indicative reading

• Margaret Woods (2011) Risk Management in Organizations. London: Routledge
• Fraser, J. R. S, Simkins, B. J., and Narvaez, K. (eds.) (2015), Implementing Enterprise Risk Management: Case Studies and Best Practice (London: Wiley)