Risk attitude
In this lesson, you'll learn how risk attitude and risk appetite shape organisational decision-making and strategy execution.
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In this lesson
- 0:00 Managing, Monitoring and Mitigating Risk
- 0:24 Board Responsibilities and Risk Oversight
- 1:00 Setting Risk Appetite and Strategy Alignment
- 3:01 Risk Attitude: Averse, Neutral and Seeking
- 4:29 Impact of Attitude and Appetite on Policy
- 6:19 Risk Committee Structure and Governance Role
- 8:13 Risk Manager: Day-to-Day Implementation
- 10:09 Risk Register: Capturing and Tracking Risks
- 11:37 Heatmaps: Visualising Risk Severity
About this lesson
You'll explore the board's role in setting risk appetite aligned with strategic objectives, understand the difference between risk-averse, risk-neutral and risk-seeking attitudes, and see how these influence policies, innovation and resource allocation. You'll also discover the key responsibilities of risk committees and risk managers, and learn how organisations use risk registers and heatmaps to identify, monitor and control risks effectively. This is essential knowledge for the Strategic Business Leader exam, where demonstrating an understanding of governance and risk management is critical to case study success.
Duration: 12m
Transcript
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