Course title
8M106900
Risk Management

yasuoka takashi
Class name
Risk Management
Keywords
  • Enterprise risk mana
  • Value of enterprise
  • Risk assessment
  • Risk map
  • Servicification
Course description
This course introduces the basic concepts of enterprise risk management (ERM).
The fundamental point of this course is that various risks are managed in an integrated manner with regard to the risk–return relation.
Course work consists of discussions on case studies. Specialists will lecture on the following three subjects: 1) Case study of ERM construction; 2) Safety measures at a railway company; 3) Internal controls and plan–do–check–act (PDCA).
Purpose of class
Participants will learn how to manage risks in an integrated manner, considering the risk–return relation as part of business administration.
Goals and objectives
  1. Understand the basic concepts of ERM in the context of business administration.
  2. Grasp the concepts of risk management as it relates to actual businesses of individual participants.
  3. Understand how to assess risks using a risk map.
Language
Japanese
Class schedule

Class schedule HW assignments (Including preparation and review of the class.) Amount of Time Required
1. Guidance; The aim of risk management (RM); Case studies of company scandals; Concept of risk–return; Enterprise risk management. Ref.1: Chapter 1 150minutes
2. Guiding principles for RM; Stakeholders and enterprise value; Risk classification and management process. Ref.1: Chapter 2 180minutes
3. Extraction and classification of risks: Market, operational, strategic, and hazard types,
Case study and presentation.
Ref.1: Chapter 3 150minutes
4. Risk analysis, assessment and management process; Assessment by using a risk map; Risk map exercise. Handout 180minutes
5. Group work on risk-map making; Frequency and impact; presentation Ref.1: Chapter 5, Handout 150minutes
6. Integration and optimization of risks; Value-at-risk and risk; Risk diversification; Discussion. Ref.1: Chapter 5 180minutes
7. Case study and group discussion: Defective product detection. Handout 180minutes
8. Risk measures for uncertain events; Examples of risk measures: Value at risk (VaR), Stress test. Handout 180minutes
9. Case study: Structuring the framework of enterprise risk management at a lifeline infrastructure business. Handout 180minutes
10. Case study: Crisis communications; Examples in Japan and the USA. Handout 180minutes
11. Case study: Safety measures for large-scale transportation at a railway company. Handout 180minutes
12. Case study: Internal controls and PDCA. Handout 180minutes
13. Presentation of final paper. The theme for the final paper will be given around the 11th lecture. Preparation for final paper 240minutes
14. Derivatives for hazard risk or weather risk; Difference between insurance and derivatives; Case study of weather derivatives. Handout 180minutes
15. Presentation of final paper. The theme for the final paper will be given around the 11th lecture. Preparation for final paper 240minutes
Total. - - 2730minutes
Relationship between 'Goals and Objectives' and 'Course Outcomes'

Exercise 1 Exercise 2 Exercise 3 Exercise 4 Final paper Total.
1. 15% 5% 5% 25%
2. 15% 10% 5% 5% 35%
3. 5% 15% 20% 40%
4. 0%
5. 0%
Total. 15% 20% 20% 20% 25% -
Evaluation method and criteria
Discussion and questions: 15 pt.
Exercise: 25 pt.
Final report and presentation: 60 pt.

60 pt. of the final report is evaluated as follows:
 Final report answers to the request of the final subject. 70%-
 Final report properly answers to the request of the final subject.  80%-
 Final report properly and reasonably answers to the request of the final subject.  90%-
Textbooks and reference materials
Reference book [1] K. Ueda: Kigyou Kachi Souzougata Risk management [Corporate value-creation by risk management: Concepts and case studies], Hakutou shobou.
Reference book [2] Keisansho: Senshin kigyou kara manabu jigyou risk management [Business risk management learning from advanced corporates], Keizai sangyou chousakai.
Prerequisites
This course is designed for business people. Students in the Innovation Management course are expected to register in their second year.
Course objectives
Risk management for the business
Office hours and How to contact professors for questions
  • Risk management for business
Relation to the environment
Environment-related course (10%)
Regionally-oriented
Non-regionally-oriented course
Development of social and professional independence
  • Course that cultivates an ability for utilizing knowledge
Active-learning course
About half of the classes are interactive
Last modified : Thu Apr 27 04:01:57 JST 2017