When reputations are on the line
Public sector risk and reputational risk.
- Level
- Bitesize
- Learning time
- 1 hour 15 minutes
- Where
- Strategic Risk
- Price
- £39
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
Overview and Outcomes.
Overview
A council cannot go out of business, and that changes who pays when risk crystallises. This module compares public and private sector risk, examining political, statutory and funding risk and how they compound. Through Thurrock Council's solar investments, it shows the danger of borrowing like a bank without governing like one, and sets out what each sector can borrow from the other without importing the wrong assumptions. Reputation is not a risk category of its own; it is where every other risk eventually shows up. This module explains what makes reputational risk different, the three drivers that turn a failure into a crisis, and four features common to major risk failures, including normalised deviance. Using the Commonwealth Bank of Australia case, it sets out what separates genuine recovery of trust from a public relations exercise.
What you'll develop
In this Bitesize, you will develop the ability to:
- Explain how the consequence of failure, accountability and purpose of risk taking differ between public and private organisations.
- Describe how political, statutory and funding risk interact and compound in a public body.
- Apply the four questions to ask before borrowing a risk practice from the other sector.
- Explain why reputational risk is a consequence rather than a category, and describe its three distinguishing features.
- Identify the three drivers that turn a failure into a crisis and the four features common to major risk failures.
The Modules.
1 hour 15 minutes of learning.
- 08Risk in the Public and Private SectorA council cannot go out of business, and that changes who pays when risk crystallises. This module compares public and private sector risk, examining political, statutory and funding risk and how they compound. Through Thurrock Council's solar investments, it shows the danger of borrowing like a bank without governing like one, and sets out what each sector can borrow from the other without importing the wrong assumptions.40 min
- 09Reputational Risk and Risk FailuresReputation is not a risk category of its own; it is where every other risk eventually shows up. This module explains what makes reputational risk different, the three drivers that turn a failure into a crisis, and four features common to major risk failures, including normalised deviance. Using the Commonwealth Bank of Australia case, it sets out what separates genuine recovery of trust from a public relations exercise.39 min
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 15 minutes, £39
- Next stepFocus, Setting the appetite for risk, 4 hours, £69. Already own the Bitesize? You pay £30.
- Explore, Owning the risk, 5 hours, £129. Already own the Bitesize? You pay £90.
- The whole topicImmerse, Risk worth taking, 9 hours 30 minutes, £249. Already own the Bitesize? You pay £210.
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. Prices per person. Read the full terms
Also part of: When things go wrong
Other Bitesize in the Strategic Risk topic
- Why risk belongs to leadersRisk management basics for leaders45 minutes£39
- Risk as part of the planRisk culture and risk in strategy1 hour 30 minutes£39
- Joining up the risk pictureEnterprise risk management and COSO1 hour 15 minutes£39
- How much risk is enough?Risk assessment and board risk appetite1 hour 15 minutes£39
- What lies over the horizonGlobal and emerging risk case studies1 hour 15 minutes£39
- Odds, upside and downsideProbability and the risk-opportunity matrix1 hour 15 minutes£39
