Course detail
Risk Management in Companies and Organizations
ÚSI-RSRFOAcad. year: 2021/2022
The course focuses on the following areas:
Properties and characteristics of successful companies (the"7S framework" of factors that make businesses successful; case study: Businessman S. Walton - founder of the Walmart chain of stores). The influence of the environment on a company. Basic principles of change processes within a company. Models of planned changes within a company (Lenin's model, the Jaguar model, the Nokia model). Change and risk. Types and analysis of risk. Measurement of risk. Basic statistical characteristics of risk. Methods of reducing risk in corporate management and analysis (methods of removing the causes of risk, methods of reducing the risk of adverse effects). Investment mathematics and the methodology of investment decision-making. Reduction of risk and the evaluation of personal or corporate investments (case study). The risk associated with changing a company's strategy, including the method behind the change strategy. Risk assessment - a tool to reduce risk in the economic life of a company.
Language of instruction
Number of ECTS credits
Mode of study
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
1. Active participation in practical lessons will be monitored and assessed by the teacher - max. 100 points.
2. Successful completion of a credit test – max. 100 points for the first attempt, 80 points for the first resit and 60 points for the second resit.
3. Successful completion of a semestral project by the assigned deadline. Maximum 100 points for work submitted by the deadline; max. 80 points for work submitted late.
4. The total number of points must be higher than 150 for the course unit credit to be awarded.
Conditions for passing the exam: Demonstration of knowledge from the taught topics, and its practical application.
Form of examination: Combined - a written test, with an oral examination if necessary.
Course curriculum
1. Introduction - basic overview of the issues to be studied, relationship to other subject areas
2. The life of a company (from small firms to multinational corporations) - the '7S' framework
3. Successful company, successful manager
4. Decision-making on changes within a company
5. Types and analysis of risk
6. Methods of lowering risk in company management
7. Data, information and knowledge
8. Basics of investment mathematics and the methods used in investment decision-making.
9. Risk mitigation and the evaluation of personal and corporate investment.
10. Risk connected with changes in company strategy.
11. Risk assessment - an instrument for risk mitigation in the economic life of a company.
The seminars will be focused on practising aspects of the lecture topics and the completion of case studies (both individually and in teams).
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
SMEJKAL,V., RAIS, K. Řízení rizik ve firmách a jiných organizacích, Grada, Publishing.,a.s. Grada, Praha, 2006.
Recommended reading
Classification of course in study plans