Portale di Ateneo - En.Unibs.it

- KNOWLEDGE AND UNDERSTANDING. The course analyses the relationships among risk philosophy, objective setting, risk management, and internal and external control systems. Students acquire an holistic view of risk management as a useful process to prevent threats to a company’s durability and to take opportunities of value creation. The course considers the typical phases of a risk management process and the role of corporate bodies for the effective management of threats and opportunities. Focus is put on strategic and operational risks, compliance risks, risks of criminal liability, risks of bribery, risks of inappropriate use of information, occupational health and safety risks, environmental risks, and risks of defective products.

- APPLYING KNOWLEDGE AND UNDERSTANDING. Students interpret business activities taking into account their exposure to direct and indirect risks. At the end of the course, students are able to identify the events that could affect the achievement of a company’s objectives; students are also able to suggest methods for assessing risk, based on the likelihood that an event takes place, its estimated impact, and the vulnerability of both the company and its stakeholders. Students get accustomed to identifying measures to avoid, reduce, or share risk with the purpose of protecting corporate profitability and meeting the expectations of shareholders and other stakeholders. Finally, students associate risk management responsibilities to different corporate bodies.

- MAKING JUDGEMENTS. Students acquire the ability to assess the adequacy of a company’s risk management system. Moreover, students may provide judgements concerning the composition of the units responsible for risk management procedures. They may also evaluate the interaction among directors, internal control bodies and employees exposed to different risks.

- COMMUNICATION SKILLS. The course trains students to correctly use the specialised language of risk management, both in written and oral form. This favours their ability to communicate and interact with managers and consultants (CFOs, risk managers, supervisory board members, compliance officers, people in charge of occupational health and safety, chartered accountants, etc.).

- LEARNING SKILLS. The knowledge and understanding, critical thinking and communication skills acquired in this course are useful to students who intend to enrol in a PhD program or a second-level master in business administration or management, also abroad. Moreover, students develop the ability to continuously update and improve their knowledge of risk management, also during their working life.

Thanks to this course, the students enrolled in the master’s degree in “Business Consultancy and Training for Professionals” acquire advanced knowledge on business risks and their economic, social and environmental effects; moreover, they better understand the linkage existing between risk management and management control.
This course is also interesting for students enrolled in other master degrees. In particular, the course:
- accustoms the students of “Management” to identify the economic, social, legal and technological factors that could affect a company’s development, and to manage them in large companies, as well as in SMEs;
- completes the knowledge of risk management the students of “Money, Finance and Risk Management” have already acquired, stressing the existence of risks other than credit, market and liquidity risks in all types of firms, including financial institutions.