Risk worth taking
Strategic Risk.
A full day on strategic risk in depth: culture, enterprise risk management, appetite and the board, reputation, probability and opportunity, tested through two capstones.
- Level
- Immerse
- Learning time
- 9 hours 30 minutes
- Where
- Strategic Risk
- Price
- £249
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion, or Certificate of Completion and Assessment with a short assessment
Overview and Outcomes.
Who It's For
Boards and senior leaders taking risk on behalf of the public
Overview
This programme is a full day in depth on strategic risk, built on the view that risk is the price of having objectives. It moves from definitions, ISO 31000, risk culture and Kaplan and Mikes's categories through enterprise risk management, COSO and emerging risk, into practical assessment, risk appetite and the board. It compares public and private sector risk, explores reputation and the Global Risks Report 2026, then sharpens probability judgement, values uncertainty and treats opportunity with the same rigour as threat. Two capstones, spanning Volkswagen, Silicon Valley Bank, FTX, Barings, Deepwater Horizon and the Ever Given, bring it together.
Aims
This programme aims to develop leaders and boards who take risk deliberately rather than avoid it by default, building the culture, frameworks, appetite and judgement to see the whole risk picture and make bets worth taking on behalf of the public.
In summary, you will be able to:
- Explain how risk principles, risk culture, enterprise risk management and COSO combine to give an organisation one coherent risk picture.
- Apply practical and quantitative tools, from Failure Mode and Effects Analysis and appetite statements to expected monetary value and a two sided matrix, to real decisions.
- Lead board-level ownership of risk, using lessons from major failures to categorise risks, name appetite owners, value the tail and test the three lines.
What you'll develop
By the end of this Immerse, you will be able to:
- Define risk, uncertainty, risk appetite and risk register precisely, and explain why risk is the effect of uncertainty on objectives.
- Explain what enterprise risk management adds that siloed departmental registers cannot see, including aggregated exposure and cross cutting themes.
- Distinguish risk appetite, risk tolerance and risk capacity and explain why a board needs all three.
- Explain why reputational risk is a consequence rather than a category, and describe its three distinguishing features.
- Identify the availability heuristic, the law of small numbers and authority anchoring in live risk discussions.
- Analyse an operational, a catastrophic and an external risk failure by identifying the frameworks that explain each.
Built from 8 parts.
9 hours 30 minutes of learning.
- 01Why risk belongs to leadersRisk management basics for leadersBitesize1 module
- 02Risk as part of the planRisk culture and risk in strategyBitesize2 modules
- 03Joining up the risk pictureEnterprise risk management and COSOBitesize2 modules
- 04How much risk is enough?Risk assessment and board risk appetiteBitesize2 modules
- 05When reputations are on the linePublic sector risk and reputational riskBitesize2 modules
- 06What lies over the horizonGlobal and emerging risk case studiesBitesize2 modules
- 07Odds, upside and downsideProbability and the risk-opportunity matrixBitesize2 modules
- 08Putting a price on uncertaintyRisk valuation and risk management case studiesBitesize2 modules
You have reached the top of this topic
- You are hereImmerse, 9 hours 30 minutes, £249
It is also part of these programmes:
Other topics in Boards and governance
- Good GovernanceGoverning well6 hours£129
- Chairing Meetings, Boards and CommitteesIn the chair5 hours 30 minutes£129
- Audit and AssuranceAssurance that counts5 hours 30 minutes£129
- Ethics, Integrity and StandardsIntegrity first5 hours 30 minutes£129
- AI and GovernanceMinding the machine6 hours£129
- Women on BoardsA seat of her own3 hours£69