Post by Admin on Jan 18, 2021 18:17:57 GMT
Module 7: Risk Management
Risk Management depends on individual and collective accountability.
Within this this environment, there is a defined plan of action, the team knows it and the team is collectively responsible for achieving desired goals. Great teams make clear and timely decisions and move forward with buy in from every member of the team. This does not mean that there is necessarily consensus—great leaders understand the danger of seeking consensus and find ways to achieve buy even when complete agreement is impossible. Leaders understand that reasonable human beings do not need to get their way in order to support a decision, but only need to know that their opinions have been heard and considered.
When teams with great leaders leave a room, everyone is clear about the goals, the path and their own role in goal achievement. And, from that point forward, team members hold one accountable to those expectations.
Business leaders need to stay up-to-date with evolving risk intelligence to more effectively manage. Risk exists in every environment. No risk means no growth, no expansion, no innovation. Risk management requires identifying, assessing, managing and prioritizing differing kinds of risk---including the risk associated with non-action. When risks is identified, leaders must develop a plan to manage the risk.
Reputational risk is the possible loss of the organization’s reputational capital.
Learning Objectives: At the end of Risk Management you will be able to:
• Understand the Complexities of Risk Management in the non-profit environment
• Learn to identify and anticipate a variety of risk factors from everyday work-life to managing whole companies
• Focus on reputational risk—in real time research of a company that faltered because of a gap in managing reputational risk
• Ensure your team understands their responsibility and accountability for assuming and managing risk
• Understanding fraud, compliance, and control issues
Risk Management depends on individual and collective accountability.
Within this this environment, there is a defined plan of action, the team knows it and the team is collectively responsible for achieving desired goals. Great teams make clear and timely decisions and move forward with buy in from every member of the team. This does not mean that there is necessarily consensus—great leaders understand the danger of seeking consensus and find ways to achieve buy even when complete agreement is impossible. Leaders understand that reasonable human beings do not need to get their way in order to support a decision, but only need to know that their opinions have been heard and considered.
When teams with great leaders leave a room, everyone is clear about the goals, the path and their own role in goal achievement. And, from that point forward, team members hold one accountable to those expectations.
Business leaders need to stay up-to-date with evolving risk intelligence to more effectively manage. Risk exists in every environment. No risk means no growth, no expansion, no innovation. Risk management requires identifying, assessing, managing and prioritizing differing kinds of risk---including the risk associated with non-action. When risks is identified, leaders must develop a plan to manage the risk.
Reputational risk is the possible loss of the organization’s reputational capital.
Learning Objectives: At the end of Risk Management you will be able to:
• Understand the Complexities of Risk Management in the non-profit environment
• Learn to identify and anticipate a variety of risk factors from everyday work-life to managing whole companies
• Focus on reputational risk—in real time research of a company that faltered because of a gap in managing reputational risk
• Ensure your team understands their responsibility and accountability for assuming and managing risk
• Understanding fraud, compliance, and control issues