Performance, Risk and Resilience

22M1115

Master

English

5.0

only winterterm

1 semester

Companies set themselves individual, sustainable (economic, environmental and social) objectives. Which have to be reviewed on a regular basis to find out if the objectives or the way to achieve them have to be modified. This process became much more complicated due to the increasing dynamics of a company’s environment.

In order to be able to act instead of just react, companies have a closer look on their PERFORMANCE, using performance measurement systems.

Furthermore, RISKs that may endanger reaching the goals have to be identified, evaluated and considered in taking decisions. Early warning systems and risk management systems are therefore implemented.

In order to keep risks as low as possible, the company should have the most resilient structures possible (RESILIENCE).

As such, this module deals with three major aspects: performance, risk and resilience.

Students will receive a thematic and conceptual introduction to the following concepts:

1. Performance and performance measurement systems

2. Risk, risk management systems, and early warning systems

3. Resilience and its significance for managing a company in an increasingly volatile environment

1. Principles and conceptual basics of resilience

2. Principles and methods of risk management

3. Concepts and strategies for increasing the resilience of a company

The total workload for the module is 150 hours (see also "ECTS credit points and grading").

• Portfolio exam or
• Portfolio exam or
• Written examination

The examination format will be chosen by the lecturer in compliance with the applicable examination rules.

PFP-1: The portfolio exam covers 100 points and consists of a written paper (HA), a 30-minutes written examination (K0.5), and a one-hour written examination (K1). K1 is weighted by 50 points. K0.5 and HA are weighted by 25 points each. 

PFP-2: The portfolio exam covers 100 points and consists of two written papers (HA) and a one-hour written examination (K1). K1 is weighted by 50 points. Each HA is weighted by 25 points. 

Written examination: in accordance with the valid study regulations

Written paper: approx. 3.000 - 3.500 words

The requirements are specified in the relevant class.

None

By completing the module successfully, students will be know how to implement, use, and evaluate the effectiveness of performance measurement systems as well as risk management and early warning systems. They also know about the effectiveness of resilience for a sustainable management control.

The students learn to apply sustainable and resilient management methods and tools (e.g., risk management for climate adaptation measures).

The students are able to understand complex issues and risks in a professional manner using the example of a company and can interpret them in terms of sustainable development.

The students are able to look on performance from diverse perspectives and consider risks in their decision making, e.g. by applying scenarios and supporting resilience.

The students gain practice in critically examining performance and implementing suitable methods for performance measurement and for considering risks in taking decisions.

Through discussing about evaluating risks, interpreting potential scenarios of a company's future, and defining suitable measures, the students improve their communication skills.

The students are encouraged to develop independent solutions that typically require trade-offs among various (sometimes conflicting) goals.

The module has a cross-sectional function for the entire programme, i.e. the course and its topics are of relevance for all other modules of the programme.

• International Business and Management, M.A. (01.09.2024)

• Wendehals, Marion

• Wendehals, Marion