Topic outline

  • Module 3: Coping with Uncertainty and Risk

    TITLE
    • Coping with Uncertainty and Risk
    KEYWORDS (META TAG)
    • Uncertainty in running business
    • Ambiguity in running business
    • Risk in running business
    • Risk managing strategy
    • Characteristic of the good decision
    LANGUAGE
    • English
    OBJECTIVES / GOALS / LEARNING OUTCOMES
    • By the end of this lesson, they will gain the ability to recognize the types of risks in their business activity
    • By the end of this lesson, they will gain the ability to distinguish between risk, uncertainty, and ambiguity in economic activity
    • By the end of this lesson, they will gain knowledge about the skills to deal with risk and uncertainty in business
    • Learn about risk management strategies in their business
    • Learning the principles of decision-making (and trust) as a method of reducing the risk of business activity
    CONTENTS IN BRIEF      In this Module the following topics are covered:
    • Introduction to the concept of creativity and brainstorming
    • Presentation and analysis of certain individual brainstorming techniques
    • A short guide of how to put ideas into practice
    • A presentation of the Pyramid of Value Creation
    GLOSSARY ENTRIES
    • Brainstorming: a tool for coming up with many ideas and creative solutions to complex problems.
    • A moderated discussion that guides participants to the main conclusions resulting from the content of the training.
    BIBLIOGRAPHY AND FURTHER REFERENCES
    • Paulina Major, Zaufanie jako strategia radzenia sobie z niepewnością i ryzykiem w przedsiębiorstwach realizujących projekty. Zeszyty Naukowe Politechniki Śląskiej, Seria: Organizacja i Zarządzanie z. 113, Zabrze 2017.
    • WDA Bryant, Kumar Ankit, Puneet Mahajan, Maneesh Dangi, Bryan D’Aguiar, and Uday Damodaran (Coordinator), Uncertainty, Ambiguity, and Financial Decision-Making, Link, 2014
    • Ovidijus Jurevicius, SWOT Analysis - Do It Properly! Link
    • Wikipedia (2013). SWOT analysis. Available at: Link
    • Samuelson W. F., Marks S. G. (1998). Ekonomia menedżerska, Wydawnictwo PWE, Warszawa.
    • Rabihah Md.Sum Risk Management Decision Making, Sydney, 2019 Link
    • Enrico Zio and Nicola Pedroni, Risk-informed decision-making processes Link
    • Doing Business Comparing Business Regulation in 190 Economies 2020, Link
    • Czajkowska K. (2017). Risk identification methods in enterprise risk management, Journal of Modern Management Process. No. 2 (1)
    • Lori Deschene 7 Ways to Deal with Uncertainty So You Can Be Happier and Less Anxious Link
    RELATED MATERIAL AND REFERENCE LINK (I.E. YOUTUBE VIDEOS)
    • Corporate Finance Institute, Business Risk vs. Financial Risk | Definition, Business Risk vs. Financial Risk, and Tools
    • University of Technology Sydney, Business: Decision Making Under Uncertainty,
    • Risk and Uncertainty Explained | Business Revision,
    RELATED PPT
    • Communication and active listening
    • Working with others
    • Motivation and Persistance