Protecting Profitability by Reducing Financial Risk

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Free Online Course: Protecting Profitability by Reducing Financial Risk provided by LinkedIn Learning is a comprehensive online course, which lasts for 1-2 hours worth of material. The course is taught in English and is free of charge. Upon completion of the course, you can receive an e-certificate from LinkedIn Learning. Protecting Profitability by Reducing Financial Risk is taught by Dan Weedin.

Overview
  • Learn how to develop a risk management program to reduce financial liability, protect your property and your people, and ensure you stay open for business—no matter what happens.

    Running a company is inherently a risky business. But with a cohesive risk management program, you can reduce financial liability, protect your property and your people, and make sure you stay open for business—no matter what happens. This course offers practical and implementation-ready solutions to protect organizational knowledge and valuation while reducing financial risk for businesses of all sizes and industries. It is designed for business owners, executives, and risk managers who want to protect digital, intellectual, and physical assets; keep employees safe; and guard against cyber threats as well as natural and man-made disasters. Business continuity expert Dan Weedin first reviews the risk management process, from identifying exposures to implementing and monitoring a risk management program. Then he shows how to protect your company by building a strong team that keeps organizational knowledge in-house and operational. Plus, learn how to plan for risks that are unique to the digital age, such as IP theft and cyberattacks, and buy insurance to mitigate financial loss in the worst-case scenario.

Syllabus
  • Introduction

    • You need risk management
    • Risk management is an executive strategy
    • The ROI of risk management
    1. The Risk Management Process
    • Boxing vs. brawling
    • Identifying exposures
    • Analyzing impact
    • Controlling the uncontrollable
    • Transferring risk
    • Implementation and monitoring
    2. Protecting Your Assets, Knowledge, and Valuation
    • Creating a resilient company culture
    • Leadership development
    • Forming a crisis team
    • Business transition planning
    • Avoiding organizational amnesia
    • The ROI of you
    3. Digital Risk Planning
    • Cybersecurity and liability
    • Distributed workforce risk planning
    • Employment practices liability
    • Intellectual property and business intelligence
    4. Buying Insurance the Right Way
    • Financing your risk
    • The broker selection process
    • What insurances to buy
    • Long-term strategy on insurance
    5. Applying Risk Knowledge
    • Pre-planning business continuity
    • Crisis simulation exercises
    • Challenge: Apply your crisis recovery plan
    • Solution: Recovering
    Conclusion
    • Next steps