| Subject Code | BUS301 |
|---|---|
| Subject Name | Global Risk Management in Business |
| Level | 300 |
| Credit Points | 3.00 |
| Type | Elective/Specialisation |
| Pre/Co-requisite | None |
Successfully completing this subject will require you to commit to a balance of class time, pre and post work and online activities as outlined below.
Total workload
| Total No. timetabled hours: | Total No. personal study hours: | Total workload hours: |
|---|---|---|
| 33 | 77 | 110 |
Weekly study workload
| Timetabled: | Personal study: | Total: |
|---|---|---|
| 3 hours per week | 7 hours per week | 10 hours per week |
Description and rationale
The subject introduces students to the discipline of risk management within a global context. Risk management involves the identification, analysis, and monitoring of risks that have the potential to be of significance to organisations as well as how they respond to them. In this subject, students will explore the background to risk management, who the key stakeholders are, the role of risk management in strategic planning, environmental and media scanning, and how risk management impacts upon contemporary organisations. It discusses risk management strategies and introduces students to the field of crisis communication management and corporate social responsibility. The subject will also explore incident and accident reporting requirements and the financial implications of risk management.
Topics to be covered
Topics are often refined and subject to change. Please refer to the topics and subtopics listed in the LMS menu for this module.
Description
| Learning Outcome Description | Assessment tasks in which this learning outcome is assessed | |
|---|---|---|
| a | Identify and describe concepts and theories of risk and crisis management within contemporary organisations. | 1, 2 |
| b | Evaluate principles and strategies of risk and crisis management. | 1 |
| c | Recommend and justify risk and crisis management techniques considering legal, financial, ethical, environmental and socio-cultural impacts. | 2 |
| d | assess the risk and crisis management performance of modern international organisations. | 3 |
| e | Devise appropriate risk and crisis management strategies throughout the entire planning process. | 2 |
Assessment tasks
| Assessment Task | Weighting | Assessment Due | Subject Learning Outcomes to be assessed | |
|---|---|---|---|---|
| 1 | Environmental Scanning Report (Individual) | 30% | Week 5 | a & b |
| 2 | Risk and Crisis Management Proposal (Individual) | 40% | Week 9 | a, c & e |
| 3 | Case Study Critique (Individual) | 30% | Week 13 | d |
Submitting your assessment tasks
Most assessment tasks are submitted using the Learning Management System. For more instructions on submitting the assessment tasks and specific information of the subject assessment submission requirements, please refer to the instructions in the Learning Management System.
Late submission and extension
There are penalties for late submission of assessment tasks. Please refer to the assessment section in the Learning Management System for more information on late submission penalties.
If you would like to request an extension for a submission deadline of your assessment, you need to meet the eligibility requirements.
Please refer to the assessment section in the Learning Management System for more information on late submission penalties, and requests for extensions.
Recommended learning and reading list
Textbooks
Hopkin, P. (2018), Fundamentals of risk management: understanding, evaluating and implementing effective risk management, 5th edition, Kogan Page Limited, England
Gomes, S. (2018). Strategic Management.
Hartley, S (2014), Project Management: Integrating strategy, operations and change, 3rd Edition, Tilde Publishing and Distribution, Victoria, Australia.
J.-C. Spender (2014), Business Strategy: Managing Uncertainty, Opportunity, and Enterprise, 1st Edition, Oxford University Press, England
Journals
Academy of Management Journal
Australian journal of Professional and Applied Ethics Business & Society
Business and Professional Ethics Journal
Journal of Management & Organization Journal of Management
Websites
Bernstein, J. (2019). The 11 Steps of Crisis Communications, Bernstein Crisis Management.
IHG. (2018). Annual Report and Financial Statements. - Business review - Managing risk.
ADDITIONAL FACILITIES, EQUIPMENT, SOFTWARE AND OTHER RESOURCES (IF APPLICABLE):
SOFTWARE
No additional software
EQUIPMENT OR HARDWARE
No additional equipment or hardware
