This course is part of the Influencing: Storytelling, Change Management and Governance Specialization

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Professor Elizabeth Sheedy

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Associated with the Global Master of Business Administration (Global MBA) degree
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Influencing: Storytelling, Change Management and Governance SpecializationMacquarie University

About this Course

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All organisations must grapple with fundamental issues at the heart of governance: who are our stakeholders? What are their objectives? How can we ensure these objectives are met as effectively as possible? How can we ensure all legitimate stakeholders are treated fairly? Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) this course will teach you how to address these questions and how a sound governance structure and comprehensive risk management framework can support you and your organisation in achieving its objectives. You will consider contemporary ethical issues and devise practical responses to them, and finally, you’ll discover that your future ‘influencing’ challenge will be to encourage all members of your organisation to understand their role in serving your organisation’s stakeholders.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Course 4 of 4 in the

Influencing: Storytelling, Change Management and Governance Specialization

Beginner Level

Approx. 23 hours to complete

English

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What you will learn

Analyse governance structures for ensuring that an organisation meets its objectives.
Apply a risk management framework, having regard to the business context, including the identification of appropriate risk management solutions.
Identify and respond effectively to ethical issues.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 4 in the

Influencing: Storytelling, Change Management and Governance Specialization

Beginner Level

Approx. 23 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.77/5 (103 Ratings)

Professor Elizabeth Sheedy

Department of Applied Finance

Macquarie Business School

9,705 Learners

2 Courses

Offered by

Macquarie University

Start working towards your Master's degree

This course is related to the 100% online Global Master of Business Administration (Global MBA) from Macquarie University. It will provide you with a preview of the topics, materials and instructors so you can decide if the full online degree program is right for you.

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Syllabus - What you will learn from this course

Content Rating97%(2,292 ratings)

Week1

Week 1

4 hours to complete

Risk management framework

Most people wrongly consider risk management to be a purely defensive activity; they think that risk management is all about risk reduction. On the contrary, risk-taking is essential in any organisation. This week you will learn how to create a risk management framework that both creates and protects value, supporting the achievement of your organisation’s objectives. You will also gain insights into common biases that prevent individuals and organisations from managing risk well, as part of the overall suite of influencing capabilities.

4 hours to complete

5 videos (Total 24 min), 3 readings, 2 quizzes

Week2

Week 2

7 hours to complete

Foreign exchange risk

To better understand the risk management process, you will apply it to a particular risk that affects many firms operating in global markets: foreign exchange risk. This week you will focus on risk analysis, to demonstrate how foreign exchange movements might impact on firm resilience through the balance sheet. Analysis leads naturally to visualisation and communication of risk concepts – crucial tools for influencing risk management decisions.

7 hours to complete

6 videos (Total 42 min), 10 readings, 2 quizzes

6 videos

Week 2 outline2mVideo 2.1a Introducing Larry's Luxury Food and Wine4mVideo 2.1b Risk assessment: Identifying risk5mVideo 2.2a Looking at historical data9mVideo 2.2b Risk analysis and evaluation with Monte Carlo simulation9mVideo 2.2c Log returns for beginners9m

10 readings

Introduction to FX risk: Risk management criteria10mIntroduction to FX risks: Types10mIntroduction to FX risks: Derivatives10mExplore further resources 230mIntroduction30mMonte Carlo simulation5mComputing random numbers30mParameter estimates30mPractice exercises 2a1hPractice exercise 2b1h

2 practice exercises

Recall 2: Foreign exchange risk30mWeek 2 quiz1h

Week3

Week 3

4 hours to complete

Governance

Corporate Governance is the framework of rules, relationships, systems and processes by which authority and influence are exercised in corporations. Corporate governance also encompasses crucial issues such as accountability of leaders, protection of stakeholder interests, setting of objectives and risk management. This week you will consider the classical Anglo-American governance model for listed firms with its emphasis on shareholder rights. You will compare this with alternative governance models. Finally, you will also consider some contemporary governance challenges such as the ‘curse’ of short-termism and poor design of incentive schemes.

4 hours to complete

4 videos (Total 21 min), 3 readings, 2 quizzes

Week4

Week 4

3 hours to complete

Risk governance and culture

You will continue your application of the risk management process to foreign exchange risk. This week the focus is on the treatment of risk. You will consider a wide range of options, highlighting the capacity of firms to manage risks through operational decisions rather than relying on derivative contracts. You will conclude with frameworks for risk governance, to ensure that risk is managed effectively.

3 hours to complete

5 videos (Total 23 min), 2 readings, 2 quizzes

Reviews

4.8

103 reviews

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TOP REVIEWS FROM RISK GOVERNANCE: MANAGE THE RISKS

by GMJan 7, 2021

I would like to thank you for your awesome teaching experience and explanation and elaboration as i was taking this course . You really opened my mind to think out of the box

by XZJul 13, 2022

The quantitive assessment of risk is very impressive and helpful!

by TKDec 4, 2020

Great course with lots of useful material and examples

by SWMay 9, 2020

Good course. Gave me insights in a different approach will will result in additional efficiency

View all reviews

About the Influencing: Storytelling, Change Management and Governance Specialization

The ability to influence without force or coercion is important in any organization and at all levels. Modern managers must master the art of persuasive communication, adapt to the needs of the audience, construct a good narrative and inspire the audience to act (Communicate with Impact). They must learn to design and negotiate both informal and complex agreements, and do this in diverse workplace cultures (Negotiate and Resolve Conflict).

The Specialization applies influencing methods in two areas of great importance: change management and risk governance. Successful change management eludes many individuals and organizations, so we propose a new approach to enable you to inspire and lead transformations (Manage Change). Similarly, in the post-financial crisis environment, many organizations acknowledge the need for effective risk governance but few, if any, have achieved it. We present evidence-based methods that will help your organization achieve its objectives (Engage the Board).

Influencing: Storytelling, Change Management and Governance

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Risk governance: Manage the risks

About this Course

What you will learn