 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||
 |
The environment in which modern businesses have to operate are full of known and unknown risks. Proactive managers have to understand and deal with these risks at a unit level and also at the enterprise level. There are several types of strategic and operational risks in addition to risks related to natural and man-made events. These risks have to be carefully evaluated at an enterprise level and a comprehensive enterprise-wide risk management plans have to be developed and implemented. This entire subject of Enterprise Risk Management (ERM) is a new and emerging topic, which is of great contemporary significance for all organizations and managers.
The PG Diploma Program in Enterprise Risk Management imparts the skills necessary to develop students/ executives into effective risk managers.
Program Structure
The program covers all the important topics related to Enterprise Risk Management in two groups. The structure of the program is given below:
|
Group/Part |
Subjects |
|
Group A |
|
|
Part I |
Enterprise Risk Management-I |
|
Part II |
Enterprise Risk Management-II |
|
Group B |
|
|
Part III |
Enterprise Risk Management-III |
|
Part IV |
Enterprise Risk Management-IV |
Outline Curriculum
Group A
Part I: Enterprise Risk Management - I
An Introduction : Risk Management, Uncertainty and Risk, Dealing with Risk, Types of Risk.
Strategic Planning and Risk Management : Strategic Planning, Uncertainty in the Environment, Discovery – Driven Planning, Conventional Appraisal Techniques, Scenario Planning, Surviving an Industry Shakeout.
Managing Technology Risks : Technology Risks, Increasing Speed of Innovation, Innovation Process, Taking New Technologies to the Marketplace, The dynamics of innovation why new technology threatens established firms, sustaining and disruptive technologies, Anticipating Technological Discontinuity, Outsourcing Technology.
Managing Risks in Mergers, Acquisitions and Strategic Alliances : Risks in Mergers and Acquisitions, Why Mergers are Risky, Synergies, Arriving at the Premium, Stock vs. Cash Deals, Integration, Role of Communication, Importance of Cultural Differences, Managing High tech acquisitions, Anti-trust issues, Managing Risks in Strategic Alliances.
Part II : Enterprise Risk Management - II
Managing Environmental Risks: Environmental Risks, The Need for a New Approach, Managing Environmental Issues.
Managing Political Risks : Political Risks, Evolution, Identification and Analysis, Country Risk Assesment, Different Approaches to Dealing with Political Risk, Specific Risks in International Business, Pitfalls to be Avoided.
Managing Ethical, Legal and Reputation Risks: Legal and Ethical Risks, Ethics, Corporate Governance, Legal Risks Faced by Companies, Managing Anti-trust Issues.
Managing Risks Arising out of Natural and Man-made Events: Fire, Floods, Earthquakes, Typhoons, Avalanches, etc.; War, Riots, Severe Power Breakdowns, Civil Disturbances, Terrorist Attacks, etc.
Group B
Part III : Enterprise Risk Management - III
Managing Financial Risks : Understanding Financial Risks, Types of Financial Risks, Steps in Financial Risk Management, Using Derivatives to Transfer Risk, Credit Derivatives, Using Insurance to Transfer Risk.
Managing Marketing Risks : Marketing Risks, Challenge for Marketers, Customer Loyalty, Pitfalls of Listening to Customers, Branding Risks, Product Development Risks, Pricing Risks, Supply Chain Risks.
Managing Human Resources Risks : Human Resources Risks, Succession Planning, Attracting and Retaining Employees.
Aligning Systems, Processes and Culture to Manage Risks: Importance of Systems, Processes and Culture, Role of the Senior Management, Aligning Control Systems, Importance of Management Information Systems, Role of Auditing, Integrating Risk Management with Structure, Culture and Processes, Knowledge Sharing and Risk Management.
Market Risks : Interest Rate Risk, Forex Risk, Commodities Risk, Equity Risk, Liquidity Risk, Operational Risk, Credit Risk, Behavioral Issues in Risk Management, ERM Implementation, ERM and Organizational Structure.
Future Perspectives in Enterprise Risk Management : Current State of Enterprise Risk Management, Integrating Risk Management Activities, Integrating the Finance Function into Business Strategy, Dynamic Interaction of Different Risks, Developing a Risk Policy, Implementing ERM, Integration of Information Systems.
Part IV : Enterprise Risk Management – IV
Case Studies : Barrick; Boeing; CISCO; Commerzbank; DELL Computers; Digital Globalsoft; Ford Motors; GTL; Honeywell; Infosys; ING Group; Lehman Brothers; Microsoft; Polaris Posco; Royal Bank of Canada; Siemens; Toyota and Wipro’s Software Services Division.
 |
 |
 |
 |
 |
 |
|
©
2005-08 The ICFAI University, Dehradun. All rights reserved. Contact
The ICFAI University, Dehradun
for further information. |
||
 |
 |
 |