This course offers invaluable insights for financial executives grappling with the complexities of the current economic environment. It delves into the multifaceted challenges posed by operational and strategic risk management, particularly in the context of pandemic-related disruptions and evolving workforce trends. Participants will learn to strategically approach risk and crisis management, considering factors such as employee shortages, skill gaps, and the retirement of baby boomers. The course also focuses on the impact of economic uncertainties on operational decision-making in the short and intermediate term. By the end of this course, you will gain a thorough understanding of these challenges and the tools to address them effectively, enhancing your ability to make informed, strategic decisions that safeguard your organization's financial health and operational stability.
Learning Objectives
Upon completion of this course, participants will be able to:
Taking a strategic perspective relative to risk management and crisis management in an uncertain economic climate to include employee shortages, skill set shortages, and baby boomer retirements; and
Review the impact uncertainty and risk at the operational level relative to short and intermediate term decision making.
Major Topics
Economic Pandemonium
Extremes or "tails" not seen before
Greater government intervention
Greater risks at operational and strategic levels
Organizations blind-sided with events outside their
control.
Profound challenges for the financial team.
Widely-taught business principles may not work
effectively.
Macro-economic events may override all micro-factors.
