BUSM117 - Risk and Crisis Management - 2023/24

The module will focus on generic concepts in risk management including operational risk, risks of external shock, risks of system failure, risk to customers and clients, and political risk (rather than e.g., credit risk, debt risk, market risk or other forms of financial risk, which will be covered in modules for the MSc in Accounting and Finance). It will examine risk perception and management as challenges, skills and frameworks, and cultivate critical appraisal of risk assumptions and designs, as opposed to teaching particular modelling methods and techniques. The aim module's aim is to enable students to develop critical judgement about risk management, and to avoid using techniques mechanically, which, research has shown, itself gives rise to risks for organisations. For these reasons, this module uses a predominantly qualitative approach.