Harvard Business School Introduces Executive Program on Risk Management
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BOSTON—Harvard Business School (HBS) has announced a new Executive Education program, Risk Management for Corporate Leaders: Integrating Best Practices for Superior Strategy Execution, to help senior executives understand the importance and necessity of robust risk management systems to the long-term success of their organizations. Risk Management for Corporate Leaders will guide participants through real-world examples of companies that have faced significant and unexpected situations, illustrating how the strategies and processes either succeeded or failed. Participants will learn to identify risk, raise the awareness of risk management within their companies, implement processes to manage both internal and external risks, and find the balance between innovation and risk management. In the wake of the financial crisis, and recent losses suffered by BP following the Gulf oil spill, it is more important than ever for companies to give greater prominence and resources to their risk management processes. "Risk management is too often separated from other core business functions, and a culture of suppressing the 'bad news' can lead to very costly problems later on," said Robert Kaplan, Baker Foundation Professor at HBS and faculty chair for Risk Management for Corporate Leaders. "Installing the appropriate infrastructure and processes to effectively manage risk should represent a highly favorable trade-off: investing now to avoid a much higher payout in the future should an unexpected and unmitigated risk event occur." The program will focus on how to integrate risk management as a crucial responsibility for senior leaders so that they can guide their company to participate in high-innovation and high-reward strategies while protecting the organization from risks—both controllable and uncontrollable. "Creating a culture of risk management needs to come from the top executives at a company," said Kaplan. "Executives who participate in this course will leave with a clear understanding of how to develop that culture and how to find the right balance between innovation and managing the potential downsides of business strategies." This comprehensive program will guide participants through the latest research and best practices in risk management through interactive classroom discussions and faculty lectures with a diverse group of accomplished peer leaders. Program Details: Risk Management for Corporate Leaders: Integrating Best Practices for Superior Strategy Execution will run from November 28 to December 3, 2010, and will take place at the HBS Campus. Please visit http://www.exed.hbs.edu/programs/risk/ for complete curriculum details and to apply. Risk Management for Corporate Leaders: Integrating Best Practices for Superior Strategy Execution (November 28-December 3, 2010, HBS Campus)
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About Harvard Business School
Harvard Business School, located on a 40-acre campus in Boston, was founded in 1908 as part of Harvard University. It is among the world's most trusted sources of management education and thought leadership. For more than a century, the School's faculty has combined a passion for teaching with rigorous research conducted alongside practitioners at world-leading organizations to educate leaders who make a difference in the world. Through a dynamic ecosystem of research, learning, and entrepreneurship that includes MBA, Doctoral, Executive Education, and Online programs, as well as numerous initiatives, centers, institutes, and labs, Harvard Business School fosters bold new ideas and collaborative learning networks that shape the future of business.