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When to Take Strategic Risks
Learn how to properly assess risks so you can make informed decisions and effectively manage risksPreview the first lesson free — get full access to all 7 lessons.
Advanced Provider : Kiesha Moodie 7 Lessons · 16m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Risk-taking is an important part of innovation and any successful business strategy, but how do you know when it’s the right time to take a risk? If you're looking to take your business to the next level, it's essential that you learn how to assess and manage risks so that you can effectively innovate and grow your business.
In this course on When to Take Strategic Risks, we will teach you about the importance of taking risks when it comes to driving innovation and growth in your organization. You'll learn how to properly assess risks to make informed decisions, as well as practical techniques for managing those risks effectively so they don't jeopardize your success. Whether you're already working at a senior level in your company or hope to break into that role in the future, this course will help you understand when to take strategic risks. By the end of this course, you will understand how assessing and managing risks can be a key component to success.
What You'll Learn
- Understand the relationship between risk and innovation
- Identify best practices to assess risk
- Apply the role of key risk indicators and key performance indicators
- Explain the role of stakeholder input in risk decisions
- Recognize the value of managing strategic risks effectively
- Determine when it is the right time to take a strategic risk
Key Takeaways
- Risk-taking is an important part of innovation and any successful business strategy.
- Properly assessing risks helps you make informed decisions about when to take strategic risks.
- Practical techniques for managing risks help ensure they don't jeopardize your success.
- Key risk indicators, key performance indicators, and stakeholder input all play a role in assessing risk.
- Assessing and managing risks can be a key component to driving innovation and growth in an organization.
Frequently Asked Questions
Who is this course for?
This course is for people already working at a senior level in their company as well as those who hope to break into that role in the future, helping them understand when to take strategic risks.
What will this course teach me?
It teaches the importance of taking risks to drive innovation and growth, how to properly assess risks to make informed decisions, and practical techniques for managing those risks effectively.
What topics does the course cover?
The course covers an Introduction, Innovation and Opportunity, Assessing Risk (Parts 1, 2, and 3), Managing Strategic Risks, and a Test Your Knowledge section.
What will I be able to do by the end of the course?
By the end of the course, you will understand how assessing and managing risks can be a key component to success.
