SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN324950
Module Leader Claire MacRae
School Glasgow School for Business and Society
Subject Risk
  • B (January start)
  • A (September start)
  • C (May start)

Summary of Content

This module introduces students to key theoretical concepts and risk management processes and practices in an international business context. It will provide students with a thorough understanding of current thinking on risk management strategy, culture, operations and consider cutting edge risk issues affecting business operating in the global economy. The module examines the role these play in building organisational resilience in the international arena.


Introduction to risk and resilience Principles and aims of risk management Understanding emerging risks Risk management standards Risk architecture, strategy and protocols Enterprise risk management Risk assessment Risk appetite Risk culture Reputation risk Project risk management Organisational resilience: a coordinated approach

Learning Outcomes

On successful completion of this module, the student should be able to:" Critically examine the meaning of risk and the role of risk management in international organisations" Discuss the principles, practice and process of implementing risk management and demonstrate an awareness of relevant standards" Discuss and evaluate the use of an enterprise-wide approach to risk management in developing resilient international business organisations and the importance of creating a risk-aware culture;" Critically analyse the role and meaning of risk architecture, strategy and protocols" Evaluate the relationship between risk management, business continuity management and crisis management in the context of building overall resilience

Teaching / Learning Strategy

The lectures will be supported by a programme of directed reading and structured exercises. In addition guest speakers will be used to enhance the knowledge base of the students and provide them with real world context. The teaching strategy encourages the students to question, debate and critically analyse current issues relating to risk and resilience. Organisational case studies are utilized throughout the module for this purpose. This will allow students to develop and present their own knowledge and understanding of key issues, meet the challenge of contributing meaningfully to the learning outcomes; and enhance their confidence and responsibility in line with Common Good attributes. These principles are also evident in the responsible leadership ethos of the module whereby students are able to discuss relevant case studies and develop solutions to risk related issues in an ethical, sustainable and professional manner. GSBS will continue to use the advancement of GCULearn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCULearn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing

Indicative Reading

Core Text: Hopkin, P. (2014) Fundamentals of Risk Management, 3 rd Edition, London: Kogan Page Additional Reading: Blacker, L. and McConnell, P (2015) People Risk Management, Kogan Page Chapman, R.J. (2011) Simple Tools and Techniques for Enterprise Risk Management, John Wiley and Sons Damodaran, A. (2008) Strategic Risk Taking: A Framework for Risk Management, Wharton School Publishing Fraser, J. & Simkin, B. (2010) Enterprise Risk Management, Todays Leading Research and Practice for Tomorrow's Executives, John Wiley and Sons Merna, T. and Al-thank,F. (2008) Corporate Risk Management, John Wiley and Sons Renn, O. (2008) Risk Governance: Coping with Uncertainty in a Complex World, Earthscan Reuvid, J (2012) Managing Business Risk: A practical guide to protecting your business, Kogan Page Waters, D. (2011) Supply Chain Risk Management, London: Kogan Page Woods, M. (2011) Risk Management in Organisations: An integrated case study approach, Routledge Journals (Available Electronically): Journal of Risk and Uncertainty Journal of Risk Research Risk Analysis: An International Journal Risk, Decision and Policy Strategic Risk Journal of Organizational Culture, Communication and Conflict

Transferrable Skills

In addition to the attainment of the learning outcomes students will develop personal transferable skills in self-management, report writing, case study analysis, essay writing, problem solving and critical thinking.

Module Structure

Activity Total Hours
Seminars (FT) 12.00
Assessment (FT) 40.00
Practicals (FT) 12.00
Independent Learning (FDL) 74.00
Lectures (FT) 12.00

Assessment Methods

Component Duration Weighting Threshold Description
Individual Essay n/a 100.00 45% Individual essay (3000 words)