Risk Management Processes

Code

BUSI3012

School

Business

Level

3

Credits

10

Semesters

Spring UK

Summary

This module will discuss the processes utilised by corporate enterprises to manage the risk of fortuitous loss. Once corporate risks have been identified and their impact on the firm measured, risk management attempts to control the size and frequency of loss, and to finance those fortuitous losses which do occur.

Target Students

Available to Part I and Part II undergraduate students. Also available to Exchangestudents.

Classes

• One 1-hour seminar each week for 2 weeks
• One 1-hour-30-minute lecture each week for 11 weeks

Assessment

• 90% Coursework: 2,000 words
• 10% In-class tests: Weekly in-class tests

Assessed by end of spring semester

Educational Aims

Learning Outcomes

Knowledge and understanding
This module develops a knowledge and understanding of:
•    The sources, uses and management of finance
•    The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
•    The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives on the economic, social and environmental conditions of the future.
•    The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
•    The design, development of organisations, including cross-cultural issues, change, diversity and values
 

Intellectual skills
This module develops:
•    The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
•    The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making
•    Conceptual and critical thinking, analysis, synthesis and evaluation
 

Professional practical skills
This module develops:
•    Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty
 

Transferable (key) skills
This module develops:
•    Communication and listening including the ability to produce clear, structured business communications in a variety of media
•    Articulating and effectively explaining information

Knowledge and understanding (Industrial Economics)
This module develops a knowledge and understanding of:
•    The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
•    Economic principles and tools addressing the macroeconomic issue of financial and business cycles

Conveners

• Dr Zoya Saher