Risk is inevitable in business and has the potential to inflict serious damage, resulting in time-consuming and costly repair. Being able to identify, assess and manage risk and develop strategic plans is critical to business success.
Strategic Thinking for Success is an online professional development course that will provide you with the skills and knowledge required to assess and manage risk for an organisation and to create strategic plans to mitigate potential negative impact.
In this business course, you’ll learn important techniques for assessing risk, including opportunity assessment, and threat assessment using failure mode and effects analysis (FMEA).
You’ll also discover how to identify risk using root cause identification, the Delphi technique and brainstorming, and to differentiate between internal and external risks. You will learn to recognise risks that create strategic opportunity and develop your capacity for creative thought to elevate your perspective by seeing the bigger picture.
On completion of this course, you will feel confident to assess, identify and prepare for potential risks and to create strategic plans for a business or organisation.
Course Structure
Unit 1 - Assessing risk
- Risk management
- Threat assessment techniques
- Opportunity assessments
- FMEA threat assessments
- Risk assessment
Unit 2 - Identifying risks
- Internal and external risks
- Planning conduction a brainstorming session
- Using reviews and analysis
- The Delphi technique
Unit 3 - Dealing with risk
- Avoiding threats
- Transferring threats
- Mitigating threats
- Accepting threats
- Contingency response strategies
Unit 4 - Learning to think strategically
- Strategic thinking characteristics
- Strategic thinker traits
- Developing a clear vision
- Being creative
- Dealing with complexity
- Knowing what’s going on
Unit 5 - Seeing the big picture
- Elevating your perspective
- Understanding paradoxes
- Understanding causality
- Factors encouraging big-picture thinking
- Assessing value and supply chains
Assessment
Assessment
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to ensure your competency is industry relevant. You will not be benchmarked against other students.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
In this course, you will be assessed via multiple-choice questions to determine your mastery of details and specific knowledge gained during your studies to achieve a ‘competent’ or ‘not yet competent’ result.
Benefits of Multiple-Choice Assessments
- Appropriate for assessing students’ mastery of details and specific knowledge.
- Can be used to assess both simple knowledge and complex concepts.
- Questions can be answered quickly to accurately assess a students’ mastery of many topics relatively quickly.
- Assessment can be quickly and reliably scored to achieve a ‘competent’ or ‘not yet competent’ result.
- As the answers are visible, multiple-choice questions offer the opportunity for the continuation of the learning process, offering educational value.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- No entry requirements;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support;
- Easy to understand course content;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Certificate of Attainment/Completion issued for your CV (hard copy provided); and
- Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 15 hours. We offer twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
While printed materials are not available for purchase, transcripts of video lectures and other learning resources are available for printing via our elearning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
Feel confident to assess, identify and prepare for potential risks and to create strategic plans for a business or organisation.
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