LSE Executive Education Courses

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Take time to think about cutting-edge theories and best practice

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Managing Risk in Organisations

Intensive programmes for visionary thinkers, in the heart of London

Engage with world-class LSE teaching faculty

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Managing Risk in Organisations

Through the examination of psychological and sociological approaches to

understanding risk, participants will be given the opportunity to apply new

insights to risk management practices within global organisations. This

executive course enables participants to better understand the individual,

group and organisational influences on risk-taking and to structure risk

management practices accordingly.

What will you gain from the course?• Enhance your understanding of the

nature of risk

• Develop insight into personal approach to risk perception and risk management

• Gain greater knowledge about the psychology of risk as it applies to individuals, groups and organisations

• Understand how organisational risk cultures are created and their influence  on individual and group-level behaviour

• Take away a toolkit of techniques for developing risk management practices

• Undertake an individual assignment, with feedback from LSE faculty, to develop risk management practices within your own organisation.

How is the course delivered?The course is interactive, and participants will engage in a range of activities and case discussions designed to enhance their understanding of risk. There will also be opportunities for participants to examine risk management in their own organisations, and to plan for future development, with the benefit of personalised feedback from LSE faculty.

Core course content: The nature of risk:

You will enhance your ability to define risk, and also, better understand the ways that individuals, groups and organisations behave in relation to risk.

Risk management practices:

During five intensive days, you will consider risk in terms of both loss and gain, in addition to organisational issues relating to differential management of risk. For example, some organisations seek extremely low levels of risk, e.g. power or transportation, whereas others accept a balance between risk and return, e.g. start-ups, or innovators. You will then engage in discussion topics around how risks are simultaneously created and mitigated, and consider responsibilities for managing risk.

Individual differences:

Individual-level drives and motives influence preferences for risk-taking that shape individual behaviours which, in turn, influence organisations. This executive programme will allow you to examine how genetics, experiences and personality influence risk perception and, with a global perspective, discuss the implications for individual-level choices as well as groups and organisations.

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Sociological approaches to risk:

Definitions of risk and approaches to it are influenced by social variables. We will look in particular at the idea of ‘risk culture’ and behavioural approaches to risk management.

Decision making:

You will be challenged to consider the importance of understanding real-world decisions, non-rational decision processes and their implications for organisational risk management. Your theoretical toolkit will be expanded through the application of prospect theory and framing, and you will learn how decisions are made and where decisions deviate from rationality.

Organisational practices:

Organisational risk management practices are designed to achieve particular goals that relate to organisational objectives. Interactive case discussions will allow you to review a range of risk management practices and consider whether they take account of individual, group and organisational process.

Is this course for you?This course is suitable for:

• Managers and senior managers with responsibility for risk management

• Participants working in organisations where risk management is a core activity

• Participants from public or private sector organisations, including those who do not have a specific risk management function, yet  there are elements of risk in their roles and organisations

• Entrepreneurs who need to manage the risks associated  with establishing and growing  their business

• C-suite participants seeking to develop their understanding of risk and organisational risk management processes.

Participants should have some experience of managing risk or experience of working within a role where risk is inherent (e.g. setting up a business).

Job roles of previous participants:Managing DirectorBusiness, Strategy and Security ExecutiveChief of Integrated Mission ManagementSenior Legal CounselGroup Head of Health, Safety and Insurance Risk ManagementDeputy National Intelligence Manager for EconomicsERM DirectorNon-Executive DirectorStrategy ManagerPerformance Improvement CoordinatorCEO

From employers including:MBIA UK Insurance LimitedOrange GroupOffice of the Director of National IntelligenceAtradiusITVGroupe BPCEDeloitteTurk TelekomLondon North West Healthcare NHS TrustHSBCMinistry of Lands and Housing - Botswana Government

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Course Schedule

Day one: • The nature of risk

• Normative approaches to understanding risk-related decision making

Evening welcome reception

Day two • Individual differences and

personality

• How individual differences influence risk perception and risk taking

Day three • The social psychology of

groups

• How groups, including senior management teams, influence individual and organisational risk taking

Managing Risk in Organisations

Programme fee: £5,795

This includes all course materials, refreshments, daily lunches, receptions and the programme dinner unless mentioned otherwise.

Discounted rates at two local hotels are available to participants.

Full terms and conditions:

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Day four • Organisational risk management

practices

• The unintended consequences of risk management

Dinner and drinks reception

Day five • A multi-level approach to

understanding risk

• Group presentations

A final timetable and any pre-course reading will be provided prior to the start of the course. Topic areas are delivered in the form of case studies for review, discussion and theory application.

All course content is correct at the time of production and can be subject to change.

World-class faculty

Dr Emma SoaneDr Emma Soane joined the Organisational Behaviour group at LSE in September 2008. Emma is interested in how personality influences leadership, interpersonal interactions, risk taking and

engagement with work. Emma has a BSc Psychology (University of Leicester), an MSc Occupational Psychology and a PhD in Psychology (University of Sheffield). She is a Chartered Psychologist and a Chartered Scientist. Emma worked in several NHS mental health and learning disability services before joining London Business School then Kingston Business School. She has travelled and worked in more than 40 countries. While at LSE, Emma has been the Programme Director for the MSc Management, the Academic Director of the CEMS MSc International Management, and taught leadership and organisational behaviour courses to postgraduates and executives. Emma also teaches on the TRIUM programme and the Executive Global MSc Management.

Professor Mike PowerMike Power is Professor of Accounting at the London School of Economics and a Fellow of the British Academy. Educated at St Edmund Hall, Oxford and at Girton College Cambridge,

he is also a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW); an Associate member of the UK Chartered Institute of Taxation; and an Honorary Fellow of the Institute of Risk Management where he sits on the Technical Development Committee. Mike served on the board of St James’s Place plc from 2005-2013 where he chaired audit and risk committees. He is currently a non-executive Director of RIT Capital Partners plc and chairman of St. James’s Place International plc based in Dublin. He is a member of the advisory board of the Financial Reporting Council Financial Reporting Lab, and was Director of the Centre for Analysis of Risk and Regulation at LSE until April 2014. Mike holds honorary doctorates from the Universities of St

“After completing the course I felt energized and motivated - taking away a lot of things that we can improve on as an organization.”Strategy Manager, Ministry of Lands and Housing - Botswana Government

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Gallen, Switzerland, Uppsala, Sweden and Turku, Finland. His research and teaching focus on regulation, accounting, auditing, internal control, risk management and organisation theory. Major works include: The Audit Society: Rituals of Verification (Oxford 1997); Organized Uncertainty: Designing a World of Risk Management (Oxford 2007) and Riskwork: Essays on the Organizational Life of Risk Management (Oxford 2016).

Professor Paul WillmanProfessor Paul Willman joined LSE as Professor of Management in 2006. Professor Willman has taught on MBA and Executive MBA programmes at Oxford University,

Cranfield School of Management, Budapest University of Economics, Ecole de Ponts ParisTech, London Business School and on the #1 FT ranked TRIUM eMBA here at LSE. He has also taught on Executive Programmes at Cranfield, Oxford, INSEAD, London Business School and, in a variety of locations, for Duke Corporate Education. At LSE, he launched and directed both the flagship Masters in Management Programme and its executive counterpart, the Executive Global Masters in Management. Paul is also the SRL Global Director of the Private Wealth Programme and a Council member of the Advisory Conciliation and Arbitration Service. He is an Executive Committee member of the CEMS Global Alliance and an Honorary Fellow of the Australian Institute of Business and Economics, in addition to being a member of Duke CE’s Global Learning Resource Network. Professor Willman has a BA and MA in Social and Political Sciences from Cambridge University, and an MA and DPhil in Sociology from Oxford University. He is the author of ten books and numerous articles in academic journals.

Dr Brittany JonesDr Brittany Jones is an organisational sociologist with a special interest in the micro foundations of organisational and industry structure. Before joining the LSE, Dr Jones was a Visiting

Lecturer in Management at Imperial College Business School. She holds a Bachelor of Arts degree from Pomona College in Claremont, California, and MBA (with distinction) and PhD degrees from London Business School. Dr Jones is the Director of Studies on the MSc in Management.

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Why LSE for your executive education needs?

A history of excellenceFounded in 1895 with the purpose of academic engagement with real world issues, LSE enjoys a reputation as one of the world’s best universities in the social sciences field.

Talented global participantsOur reputation for innovative and intellectually challenging courses is the reason why fast-track and senior executives from a diverse range of organisations attend LSE education courses.

World-class facultyCourse are taught by full-time LSE faculty who lead their field and augmented by senior practitioners drawn from industry and business our lecturers will engage, challenge and equip you with the latest knowledge and skills.

Certificate of Excellence in Global BusinessOur courses are affiliated with the Global Network for Advanced Management (GNAM), and our courses can be taken as part of the network’s Certificate of Excellence in Global Business.

For course information:

exec.courses@lse.ac.uk

+44(0)207 849 4615(Mon – Fri: 9.30am to 5.30pm)

Executive Education Courses OfficeHoughton StreetLondon WC2A 2AE lse.ac.uk/exec

Managing Risk in Organisations

“The course helped me understand the modelling behind risk. I am able to explain myself better to the audit committee and the board, where we can pull certain levers to influence risk.”

Group Head of Health, Safety and Insurance Risk Management, ITV, UK