The New Age of Risk Management Strategy for Business

The New Age of Risk Management Strategy for Business

1h 29mGeneral2023-03-16

Authors

Dan Weedin

Dan Weedin

Business Continuity Consultant and President of Toro Consulting

Course details

A slew of factors are set to change the business landscape over the next few decades. AI, social media, globalization, and other developments have introduced risks that CEOs, business owners, or anyone responsible for business continuity must grapple with. In this course, Dan Weedin shares a practical approach to risk management, helping you think strategically about some of the most pressing risks of the 21st century. Learn how to protect your assets, people, and valuation from risks introduced by globalization and emerging technologies such as autonomous vehicles. Learn how climate change and extreme weather can hurt businesses, explore the issues introduced by cryptocurrency, learn how insurance may change in the future and why it's important to business leaders, and more.

Learning objectives
Recall the detrimental effects a BOT attack can have on a company’s customer database.
Recognize which individuals companies frequently fail to include in mid-crisis actions.
Determine how Google Alerts can help a company protect itself against threats.
Identify a threat that is least likely to cause a company financial harm.
Define “culture shock” in the context of business operations.
Name a type of leader that often uses their position for personal prestige rather than performing their roles.
Predict what will happen with business insurance as technology evolves.

Skills covered

Business StrategyPersonaBusiness Analysis and StrategyLeadership and Management

Concepts

Introduction

  • Risk strategy increases opportunity

Define Risk Strategy Perils

  • Identifying current and future perils
  • Direct physical loss consequences
  • Indirect loss consequences

Cyber and Technology Risks

  • Artificial intelligence in the workplace
  • Challenge - Artificial intelligence
  • Solution - AI risk solution
  • Autonomous vehicles
  • Intellectual property
  • Identity theft for employees and stakeholders
  • Brand risk - Social media
  • Content risks - Podcasts and blogs

Risk Management Globalization

  • Foreign attacks on your business
  • Workers compensation insurance
  • Cryptocurrency
  • Culture shock
  • Leadership in a global economy
  • The changing weather and your business
  • Lost in translation

Risk Financing

  • Insurance response in the present
  • Insurance response in the future
  • Life insurance and organizational wealth
  • Crystal ball changes

Conclusion

  • Ten steps to protect your assets
40,000 Toman