Professional Development Short-Course for International Business Leadership


Risk Management

Business survival and continuity involves the identification, anticipation and effective management of a range of potential “crises”. It may be argued that natural events, such as the “East AsianTsunami Disaster” could not have been
anticipated. However, this does not stop managers seeking to identify possible risks to their businesses and finding ways to protect their organizations, in terms of exposure to risks created by equipment, chemicals and property, but
also to risks, and recovery plans, related to organizational earnings, reputation and human resources.

MLS International College’s Risk Management short course is designed for all managers, who may be required to consider OCCUPATIONAL SAFETY AND HEALTH, INSURANCE, LEGAL AND CONTRACT RISK, and PROJECT RISK MANAGEMENT, or may have a specialist focus on risks relating to the PUBLIC AND HEALTH SECTORS. It can be tailored to suit delegates needs, from beginner to expert level, and could, subject to an agreed assessment plan,
provide specific credit points for modules within the units of study that make up full-time programmes, should further study be undertaken at a later date.

The following is a list of topics that might be included in an organisation’s international Risk Management programme, as delegates develop their knowledge, skills and language.


• Business Communications for effective business risk management - Risk Management Vocabulary

• The definitions of risk and uncertainty

• Risk management: organisation and context

a) The nature of risk
b) Purposes of risk management: costs and benefits
c) Organisational sources of risk and uncertainty internal and external
d) Exposure to risk
e) The need for research and the protection of Intellectual Capital

• Risk assessment, analysis and evaluation - the five steps

STEP 1: Look for the hazards

STEP 2: Decide who might be harmed and how

STEP 3: Evaluate the risks and decide whether the existing precautions are adequate or whether more should be done

STEP 4: Record your findings

STEP 5: Review your assessment and revise it if necessary

• Risk financing and corporate governance

• Benchmarking processes – Competition, Industry Changes; Customer Changes;

• Identifying the factors involved in environmental, reputational, project and operational risk – SWOT Analysis

• Interest Rates, Foreign Exchange and Credit

• Liquidity & Cash Flow

• Insurance, non-insurance, and self-insurance decisions

• Contractual transfer of risk exposures

• Derivatives

• The role of boards of directors and their duties in the context of Corporate Governance.

• Shareholder communications

• Mergers, acquisitions and due diligence

• Competition risks and anti-trust laws

• Ethics, fraud and illegality

• Data Protection and Public Access

• The role of regulation (such as Stock Exchange listing rules) and disclosure in



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