Course detail

Risk Management

FP-ErmPAcad. year: 2020/2021

The course is focused on the following philosophy: the Success (company's, manager's) is conditioned on making changes inside of a company. With changed company's management is closely related the methods of risk decreasing.
The module is focused on the following fields: company's '7S' framework. A successful company, a successful manager. The decision making in a company. Types and analysis of risk. Methods of risks decreasing. Risk decreasing and investment evaluation in personal and company's invest. The risk connected with company's strategy change. Prognosis as instrument for decreasing company's risk.

Learning outcomes of the course unit

Students will know the traditional and modern procedures of risk measuring, including the most widely used methods of decreasing the company's risk. Students will acquire the basic necessary skills needed for analyzing and evaluation the company's risk, including the proposal for changing strategy in company with respect to risk analyze. Students will also be able to manage change processes standard strategy (both business as well as functional) each SBU firm.


Knowledge of basic statistic and probability on the level of bachelor's study programme. The basic knowledge of decision-making in a company on the level of bachelor's study programme.

  • compulsory prerequisite


Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

CROUHY, M., GALAI, D., MARK,R. The Essentials of Risk Management, Second Edition. McGraw Hill Professional, 2013, ISBN 9780071821155.
COLEMAN, T., S. A practical guide to risk management. Research Foundation Publications, 2011. ISBN 9781934667415.
SMEJKAL, V.; RAIS, K. Řízení rizik ve firmách a jiných organizacích. 1. 1. Praha: Grada Publishing, a. s., 2009. 360 s. ISBN: 978-80-247-3051- 6.
TICHÝ, M. Ovládání rizika: analýza a management, 1.vyd. Praha: C.H.Beck, 2006, 396 s., ISBN 80-7179-415-5

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding the course-unit credit:
1. Active participation in exercises will be controlled and assessed by the teacher - max. 100 points.
2. Successful completion of a credit test - max assessment: 100 points in due term, 80 points in first reparative test and 60 points in second reparative test.
3. Successful elaboration of semester work in pre-set deadline. Maximum 100 points for handing over in the deadline max 80 points for late handing over.
4. Total number of points for awarding the course-unit credit has to be higher than 150.

Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: Combined - a written test and an oral examination if necessary.

Language of instruction


Work placements

Not applicable.

Course curriculum

Studenti budou seznámeni se základními postupy měření rizika firmy a osvojí si tradiční metodické přístupy k praktickému snižování rizika firmy. Osvojí si klasické principy modelování změnových procesů firmy, při respektování rizika, na jejichž základě budou schopni aktivně řídit standardní změnové firemní procesy s respektováním rizikových faktorů. Studenti budou též schopni řídit standardní změnové procesy strategií (jak podnikatelských, tak i funkčních) jednotlivých SBU firmy.
Topics lectures are as follows:
1. Characteristics of a Successful company (Framework of "7S" Factors of Successful Company, Case Study: Businessman S. Walton - Founder of the Wall Mart Stores).
2. Impact of the environment on the company.
3. Basic principles of change processes in the company.
4. Models of planned changes in the company (Lenin model, Jaguar model, Nokia model).
5. Change and risk.
6. Classification of the risk and risk analysis.
7. Risk measurement.
8. Basic statistical characteristics of risk.
9. Methods of risk reduction in company management and their analysis (methods to eliminate the causes of risk, methods to reduce the adverse consequences of risk).
10. Fundamentals of Investment Mathematics and Methodology of Investment Decision Making.
11. Risk reduction and investment appraisal in personal or corporate investment (case studies).
12. The risk associated with the change of the company strategy including the implementation of the strategy of the company strategy change.
13. Forecasting - Risk mitigation tool in the company's business life.


The main objective of the course is to provide students with the theoretical foundations and methodology necessary for the identification, analysis and risk assessment of business processes. Attention is paid to methods of reducing the risk of failure of implementing the change processes of the company. Based on the understanding of the classical model of change (Lewins model) methodology is presented to the change of company strategy with consideration of risk processes. Methods of preventive removal of the causes of risky situations and methods of reducing the adverse consequences of risky situations are presented with concrete examples. As a tool of knowledge reduction of uncertainty about the future and reduce the risks involved are presented the basic principles of forecasting (with details of their principal advantages and disadvantages).

Specification of controlled education, way of implementation and compensation for absences

Control of results of independent work on assigned tasks. In case of excused absence from seminars, the teacher can set additional condition if appropriate, usually elaboration of partial written task.

Classification of course in study plans

  • Programme MGR-EBF Master's, 1. year of study, summer semester, 5 credits, compulsory

Type of course unit



26 hours, optionally

Teacher / Lecturer


13 hours, compulsory

Teacher / Lecturer