Business Risk to Resilience: The Next Frontier?

Host: University of Derby

Location: Online

Cost: FREE


Monday, 13th September 2021 at 10:00am - 11:30am

This two-part workshop will take place on Monday 13 September. The first session is from 10:00 - 11:00, after which there will then be a break until you rejoin us for the second session, taking place at 14:00 until 15.30.

Session 1: The importance of managing risk for your organisation

Risks are often characterised as rare but impactful events, yet there appear to be increasing numbers of organisational failures, some, exceedingly high profile. Risk management is a statutory obligation for public organisations, but it is also good management.

Regardless of your organisational size, industry sector or ownership structure, effective risk management can help secure strategic, tactical, operational and compliance objectives. This workshop introduces you to the importance of managing risk and how it can shift from a perceived ‘cost’ to a source of competitive advantage.

We will explore the steps associated with risk identification, risk analysis, risk evaluation, risk response, risk communication, and risk monitoring and feedback, consistent with current best practice guides. You will also discover the benefits of embedding an integrated Enterprise Risk Management approach within your organisation.

During the first workshop you will learn:

  • How to define risks
  • Tools for identifying risks
  • Qualitative and quantitative approaches to analysing risks
  • How to evaluate appropriate risk response actions.
  • The importance of making risk management organisation-wide, and tips for creating a strong risk management culture

Session 2: From risk to resilience. The next frontier?

This workshop builds upon the workshop on risk management, but is also suitable as a ‘standalone’ session.

Resilience and resilience management is now a key focus for organisations. It departs from risk management, in its assumption that not all risks can be identified and planned for. Instead, as coined by the World Economic Forum, our industries are characterised, by; Volatility, Uncertainty, Complexity and Ambiguity (VUCA). These conditions, as exemplified, by Brexit, COVID, supply chain disruptions and market turbulence, to name but a few. This calls for new forms of organisational practice and structure. Join us to discuss what resilience should mean for your organisation; whether the ability to withstand shocks, to ‘bounce-back’ efficiently and effectively, or to come back even stronger than before.

The focus will be upon identifying ways to build flexibility, adaptive and absorptive resources, spare capacity and approaches to event horizon scanning, scenario planning, building strengths across your value chain activities and the skills for reflective and proactive organisational learning.

It might be suggested that the organisations that will prosper in the future are those that will harness the tools necessary for organisational resilience, today.  

The second workshop will cover the following:

  • What is resilience and resilience management?
  • Identifying the processes and structures necessary for becoming resilient.
  • The importance of looking beyond your organisation’s boundaries to understand resilience within your industry’s ‘eco-system’
  • Introducing a diagnostic toolkit for evaluating your organisation’s current level of resilience maturity

Is my organisation eligible to participate?

To participate, you must work for an organisation that meets the following funding criteria:

  • Part of the automotive, aerospace or rail sector supply chains (not however part of the financial services sector)
  • Based in Derbyshire or Nottinghamshire
  • Fewer than 250 employees
  • No more than 25 per cent owned by a large company (i.e. a company that is not an SME)
  • Turnover of less than 50 million euros and/or annual balance sheet less than 49 million euros
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