Prerequisites: BUS 660, BUS 680 and one additional required course.
This class will focus on the various forms of risk that managers must deal with to protect human, physical, intellectual and financial capital. We will examine the sources of risk and the potential consequences firms could experience from the realization of these hazards. Students will examine how companies have been damaged by adverse movements in economic variables, errors in human judgment, market failures, product failures, political actions, natural events and terrorist actions. ‘Best practices’ for setting up an enterprise-wide risk management strategy, along with costs and other relevant factors, will be explored.