One of the great challenges in business today is the need to make informed decisions while simultaneously mitigating the risks inherent in responding quickly to changing conditions and driving growth in increasingly competitive markets, whether locally or globally. This course addresses risk management beyond the traditional, narrow insurance focus. Risk is inherent in every decision we make, so understanding why and how we perceive risk is critical. Furthermore, putting the risk in context, recognizing the cognitive biases we have, recognizing the barriers that hinder progress and understanding the financial and other implications can make the decisionmaking process more objective, fact-based and less mysterious. Students will explore a number of methods and techniques such as critical thinking, risk/benefit analysis, and heuristics to inform their decision-making, bolster their confidence and increase their effectiveness as managers or leaders.
