Risk Management
Course Code: MGT001457
Offered: Every term
Spots: ~20 Students (Management Focus)
📚 Description of coursework
This hands-on seminar introduces students to the key concepts, tools, and challenges of modern risk management. Participants gain a structured understanding of how organizations identify, assess, and mitigate risks in order to make better decisions and build more robust and resilient companies.
The course covers the foundations of risk management, different types of risks, the psychology of risk perception, decision-making under uncertainty, and practical risk management strategies. It also addresses broader perspectives such as risk culture, ethics, new technologies including AI, best-practice companies, and real-world case studies.
By the end of the seminar, participants will have developed both a conceptual understanding of risk management and the ability to apply risk management thinking to practical business situations.
🎯 Learning outcomes
The students learn:
- Acquisition of sound knowledge of the core concepts, processes, and strategic relevance of risk management in organizations.
- Ability to identify, categorize, and evaluate different types of risks, including strategic, operational, compliance, reputational, and emerging technology-related risks.
- Understanding of how psychological factors, heuristics, and biases influence risk perception and managerial decision-making.
- Ability to apply risk management strategies and tools, such as diversification, risk mapping, and structured risk assessment, to real-world cases.
- Development of a critical understanding of risk culture, ethics, and the role of new technologies such as AI in contemporary risk management.
- Strengthening of analytical, presentation, and problem-solving skills through case-based and practice-oriented seminar work.
📌 Deliverables
During the seminar, participants complete several practice-oriented deliverables that combine analytical, creative, and applied work:
- Oral presentation: Students prepare and present a short presentation based on an assigned source package, introducing and critically discussing a selected risk management topic.
- Final presentation deck: Students submit a refined and extended presentation including speaker notes and additional self-researched sources, ideally including scientific literature.
- Group project: In teams, students develop an innovative risk management tool for a real risk situation and present it in a multimedia format, such as a video, website, or interactive page.
Our Team
Maximilian Rink
Research associate & PhD candidate