Implementing the right plan is key to business resilience
The past five years have presented all manner of demand shocks.
From COVID-19 to the conflicts in Ukraine and the Middle East, companies have needed to respond quickly to ensure supply chains are impacted as little as possible.
US tariffs in 2025 have put further pressure on firms to deliver.
A survey by McKinsey of 200 senior executives and risk and insurance professionals found that more than half acknowledge that the pandemic had made risk and resilience significantly more important to their organisations.
While risk management strategies vary from company to company, there are some fundamentals that are common to all.
The first is to identify what the risks are by using brainstorming, SWOT analysis. The second is to use qualitative and quantitative methods to evaluate each risk identified.
Thirdly, it is important to determine events or circumstances that could cause an identified risk to occur, otherwise known as a “risk trigger”.
The fourth step is to create a defined strategy for each risk. These strategies should be tested regularly.
The fifth part of the process involves assigning responsibilities to identified staff members to oversee risk management functions.
Second to last is implementation of the strategy itself which, once rolled out, must be constantly monitored (seventh step).
Embracing real-world skills education for career success
ZEBS’s Real-World Skills MBA programme offers business courses tailor-made for corporate leaders who understand the needs of modern employees.
Our Strategy Safari offering, presented by ZEBS founder, EdTech investor and AI innovation expert Prof-Ing Adonis-Emmanouil Fragkakis, teaches students how to evaluate risks and implement effective risk strategies. Amid global disruptions to supply chains, it equips students with the tools they need to not only mitigate risk but work around it by developing new and innovative strategies.
ZEBS International Business School is offering four scholarships to four deserving students for the cohort starting on April.
The selected students will only need to pay EUR 3,500 (for international students outside Europe) or EUR 6,000 (for European & North American students).
Flexible installment plans are offered to all international students.
Submit your application to ZEBS now →
Five reasons to sign up for the Real-World Skills MBA course:
- Business acumen: Gain integrated knowledge of business concepts and functions
- Problem-solving: Learn how to integrate research and theory into tangible business solutions
- Data analysis: Understand what data can bring to the table in terms of decision-making.
- Environment assessment: Discover the importance of external and internal factors influencing business growth.
- Communication: Become familiar with communication elements that resonate with business professionals.
Contact a ZEBS IBS Student Advisor today and discover how the Real-World Skills MBA can accelerate your future.
Let’s Talk – Book a Zoom Call →
Take our pre-qualifying quiz to find out if the Real-World Skills MBA is right for you?
