Why risk belongs to leaders
Risk management basics for leaders.
- Level
- Bitesize
- Learning time
- 45 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
Risk is the price of having objectives, not a problem to be solved. This module builds a shared vocabulary using the ISO 31000 definition of risk, maps six families of risk, and explains Frank Knight's distinction between measurable risk and genuine uncertainty. It draws on the World Economic Forum's Global Risks Report 2026 and the Blockbuster case to show why strategic risk needs its own discipline.
What you'll develop
In this Bitesize, you will develop the ability to:
- Define risk, uncertainty, risk appetite and risk register precisely, and explain why risk is the effect of uncertainty on objectives.
- Distinguish the six families of risk and explain why strategic risk needs a different discipline from operational risk.
- Apply Knight's distinction between risk and uncertainty to choose between quantitative tools and scenario thinking.
The Module.
45 minutes of learning.
- 01Foundations: What Risk Is and Why It MattersRisk is the price of having objectives, not a problem to be solved. This module builds a shared vocabulary using the ISO 31000 definition of risk, maps six families of risk, and explains Frank Knight's distinction between measurable risk and genuine uncertainty. It draws on the World Economic Forum's Global Risks Report 2026 and the Blockbuster case to show why strategic risk needs its own discipline.43 min
Go deeper, and pay only the difference
- You are hereBitesize, 45 minutes, £39
- Next stepFocus, Building the risk picture, 3 hours 30 minutes, £69. Already own the Bitesize? You pay £30.
- Explore, Seeing the risk, 4 hours 30 minutes, £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
Other Bitesize in the Strategic Risk topic
- 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
- When reputations are on the linePublic sector risk and reputational risk1 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