2 days workshop
INTRODUCTION
In order to be an effective Risk Mitigation in Strategy Planning, you need to have the heart of an entrepreneur and professional. This course will help to provide you with an environment that stimulates proactive behavior in order to achieve greater goals for yourselves and your organization. Real-current problematic Risk Mitigation Strategy Planning cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.
COURSE OBJECTIVES
By the end of this course you will be able to:
To instill the habit of anticipation with regard to identifying possible project problems, uncertainties, and contingencies
How to manage and overcome the risks inherent to the retail industry
Ability to turn risk and opportunities into results
Ways to reduce Retail Shrinkage
Impact on Online Retail Payment Fraud & Risk Management
Case Studies on Risk Mitigation Strategy Planning Program
METHODOLOGY
Case Study & Group Discussion.
WHO SHOULD ATTEND
Entrepreneurs, Financial analyst, Risk Analyst, Project Managers, Bankers, Accountants, Business Managers, Marketing Managers and all those who want to master the skills of Risk Mitigation in Strategy Planning Program.
Special Feature: NOTE: Please bring laptop along
PROGRAMME OUTLINE
Day 1
Module 1: Overview of Risk Management
What is Risk?
Why Do We Need Risk Management?
What is ISO31000 Foundation?
How Do We Manage Risk?
Module 2: Risk Management Structure
Framework of Risk Management Department
Define Risk Reporting Structure
What is Matured Risk Based Organization?
Risk Management Framework
Risk Management Process
Module 3: Retail risks
Competition
Consumer Trends / Preference
Brand and Reputation
Transformation Risk
Compliance with Regulations
Attract & Retain Personnel
Technology Disruption and Change
Module 4: Risk Assessment
Technological
not receiving information on real time resulting in delay decision making
Operational
possible fraud in cash mgt,
forgery of documents led to misappropriation of fund,
govt losses due to bribery that drive over mark up of contract value;
supplier overprice in anticipation of govt delay in payment
Financial
budget constraints,
gaji terlebih bayar bagi contract staff
human capital
lack of knowledge & experiences led to waste of working time
Day2
Module 5: Mitigating Strategies & Controls
Technological
upgrade capacity of current server
Operational
job rotation,
segregation of duties;
regular supervision;
computerise documents,
documents kept safety;
Financial
upgrade payroll system & training cost for the system
human capital
give incentives,
extra supervision,
job rotation,
Module 6: Risk Modelling Skills (Case Study)
Objective: identified company risks (operational, competitors, financial, legal & human capital); quantify it. do a cost & benefit analysis & make recommendation on risk improvement strategies
Analyzing the potential risks facing an organization
Mitigating controls
Weight the financial impact
Cost/benefit decision analysis
Risk Model software
Module 7: Effective Retail Risk Management Strategies
Equip your employees.
Keep records.
Stay up-to-date digitally
Keeping the Shelves Stocked
Macroeconomic Factors
Brand and Customer Loyalty Risks
Retail Property Risk
Module 8: SWOT Analysis for Retail
Objective: review SWOT of companies. create 4 matrix strategies as below. Egg, capitalized on company internal strength to create external opportunities
SWOT Analysis for the Fashion Industry
List of Strengths & Weaknesses for Job Performance in Retail
SWOT Analysis for an Employee
Strategies of Overcoming Threats in Retail