Self-Study

Understanding Specific Risks in the Small and Medium-Sized Organization Download

  • Saturday, May 1, 2021 – Saturday, April 30, 2022

  • 4.00
    CREDITS
    Management Services

2020 taught us that major risks can come at us from any direction and with barely a warning. Risk management is a necessary tool for all organizations, but often overlooked by the small business. In this program, we will briefly look at the concept of risk management and then delve into how to identify, evaluate, and mitigate specific risks. In each area we will explore what our experiences of the pandemic have taught us about this part of risk management. Through the use of case studies in each type of risk, we will explore how both for-profit and not-for profit organizations would develop a structure to deal with certain specific types of risk. The use of case studies will allow us to apply the risk management concepts into "real world" situations.

Objectives

  • Understand the concepts of risk management and how they apply to the small organization
  • Learn more about how we could have been better prepared for the pandemic
  • See how all risks end up as part of financial risk management
  • Develop a plan to handle marketing risk
  • Determine operating risks and see how to mitigate them
  • Understand how to handle compliance risk and still have good customer service
  • Transfer environmental risks through a good insurance strategy
  • Recognize the nature of cyber risk and develop a good mitigation plan

Highlights

  • Why risk management is needed in every organization
  • What COVID-19 has taught us about risk management
  • Developing an overall plan of enterprise risk management
  • Financial risk
  • Marketing risk
  • Compliance and liability risk
  • Environmental risk
  • Cyber risk

Additional Information

Designed For

CFOs, controllers, and finance professionals

Vendor

Surgent

Advanced Preparation

None

Credits

4.00 Management Services

Prerequisite

Experience in financial management of a small or midsize company

Course Number

2125195

Level of Knowledge

Intermediate

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