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  Curriculum and Open Educational Resources DE
- Intervention Framework
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Module 4

Module 4catherine@euei.dk2022-04-28T02:19:13+00:00

Modules

Module 1: Introduction to Business Crisis
Module 2: Detecting crises at an early stage
Module 3: Predicting Financial Distress & Indicators of Crisis
Module 4: Risk Management and Root Cause Analysis
Module 5: Strategic Options in the Phases of Crisis
Module 6: Critical Area of Leadership in Crisis
Module 7: Learning from Crisis
Module 8: Crisis Resilience
Module 9: SmartUp Business Health Check

Test your knowledge quiz

1. What percentage of board members believe their companies would respond effectively if a crisis struck tomorrow?*
- 92%
- 82%
- 76%
- 68%
2. Risk management is the art and science of identifying, analyzing, and responding to risk throughout a company or throughout the life of a project and in the best interests of meeting project objectives. True or false?*
- True
- False
3. ERM stands for?*
- Enterprise Risk Management
- Entrepreneurial Risks Magnify
- Enterprise Risk Monitoring
- Enterprise Risk Response
4. Which of the following are the roles of the Risk Officer? (Tick all that apply)*
- Establish ERM policies and set goals for implementation
- Undertake the health and safety at work assessments
- Promote ERM competence throughout the company
- Oversee development of entity-wide and business unit specific risk tolerances
5 Which of the following are Pitfalls in Root-Cause-Analysis Tools? (tick all that apply)*
- Understanding the problem but not defining it correctly
- Asking for help (internally and externally)
- Not considering all possible failure causes
- Not identifying all root causes

Resources

Module 04 – Learning Objectives

A – Root Cause Analysis TOOLS

B – 6 step approach to root cause analysis

C – Self Reflection exercises

Additional resources

How the Best Entrepreneurs Manage Risk

4 Ways Entrepreneurs Can Manage Risk | by Keith Krach | Medium

How To Effectively Manage Risk In The Time Of Covid-19 (forbes.com)

COVID-19: Agile risk management on the road to recovery – BDO

5 risk management lessons from the coronavirus pandemic – FM (fm-magazine.com)

Smart-Up

This project aims to facilitate early stage entrepreneurs and established SME owner-managers with the knowledge and skills needed to identify and interpret early warning signals of business crisis, and to take timely, corrective actions, thereby facilitating growth, or survival, in unpredictable or adverse situations.

Newsletter
Newsletter Autumn 2021
Newsletter

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