06
Jan 16
Enterprise Risk Management - Integrating Risk into Organisational Strategy
06 Jan - 08 Jan
Tata Management Training Centre, 1, Mangaldas Road, Pune 411001
In today’s interconnected world, globalisation, technological innovation, and cross-border collaboration between companies and countries offer immense scope for business expansion and growth. With this growth, however, come uncertainties and complexities which creates risks and opportunities.
What’s more, the business environment has become more complex in the years after the 2008 financial crisis with never imagined ‘black swan' events becoming frequent, yet remaining very hard to predict. China’s economic slowdown; recession in Europe; several cases of recalls by auto companies; cyber attacks on Sony and Home Depot; Nestle's Maggie recall in India; the Volkswagen fraud; bankruptcy filings by large companies; regulation changes; crash in oil prices, Quantitative Easing by the US Fed...the list goes on.
It is in these uncertain times that businesses must strive to create value and sustain themselves.
Risk perceptions have changed; risk dimensions have changed. Emerging markets bring their own set of risks. The questions therefore, that we need to ask are—Do we understand the risks and their interrelatedness? Do we plan well for mitigation of these risks? Do we integrate them well while
planning our strategy?
It is to answer these questions and many more, that TMTC is offering this program on Enterprise Risk Management. This three-day program – being offered for the first time ever at TMTC, and in partnership with Singapore Management University (SMU) - has been designed for the benefit of senior executives in group companies, in order to build and strengthen an appreciation for understanding organizational risks in a holistic manner.
Programme Director
Ms. Radha Ganesh Ram
Programme Co-ordinator
Ms. Sonali Ogale
+91-20-66091089
+91-9764007599
6th January—Day 1
 Introduction to ERM and Integrated Risk Management
 Robust business model design strategies for ERM
 Simulation activity
 Designing agile, adaptable and aligned supply chains
7th January—Day 2
 Leadership in crisis situations
 Risk mitigation strategy
 Brand failure—Identifying potential risks
 Risk management in the face of disruptive innovation
8th January—Day 3
 Dealing with cognitive /behavioral biases in risk assessment
 Strategic moves and decisions under high uncertainty and risk
 Role of senior management in driving ERM
 Key issues in enhancing ERM in your organization
The program will be delivered through a combination of case studies, simulation, role plays and interactive class discussions. Pre-reads will be shared with the participants a week before the start of the program. The program will also feature guest sessions by industry practitioners from multinational
companies and Tata group companies.
 
Prof.SHANTANUBHATTACHARYA
Shantanu is Associate Professor of Operations Management and Academic Director of the Doctor of Innovation and Doctor of Business Administration programs at Singapore Management University (SMU). His teaching and research interests are in the areas of technology management, operations management, supply chain management and new product and services development. Shantanu is a member of The Institute for Operations Research and the Management Sciences (INFORMS). He lectures on managing
uncertainty in the high-technology industry, and his research areas are Operations Strategy and management, Product and Service Design Development, Sustainable operations, and Supply Chain Management. His research papers have appeared in Management Science journals. He holds a PhD from University of Texas at Austin.

Dr. SHRINIVAS K REDDY
Dr. Srinivas K. Reddy is Professor of Marketing and Director, Center for Marketing Excellence, Academic Director, LVMH-SMU Luxury Brand Initiative, Lee Kong Chian School of Business, Singapore Management University. He served as the Associate Dean of General Management overseeing the MBA and the Executive MBA programs. Previously, he was the Executive Director and Group Head, Corporate Strategy and Leadership evelopment at Maytas. Prior to that he was the Robert O. Arnold Professor of Business and the Director of the Coca-Cola Center for Marketing Studies, Terry College of Business at the University of Georgia. He holds M.Phil and Ph.D. degrees in Business Administration from Columbia University.
Dr. Reddy was on the faculties of New York University’s Stern School of Business, Columbia University, University of California, Los Angeles (UCLA) and the Stanford Business School. His expertise is in branding, innovation, new product development, marketing and competitive strategy involving new brands and services. His research papers have been widely published in Journal of Marketing, Journal of Marketing Research, Management Science, Social Networks, Statistical Science, Journal of International Business Studies, Marketing Letters, Journal of Retailing. He along with Professor Krishna Palepu of Harvard
Business School was the advisor to the Chief Minister of Andhra Pradesh (Mr. Chandrababu Naidu), India on the state’s Vision 2020 program for economic development. He is currently an Advisory Board member of GfK Academy, Germany and Percipient.

Pavan Gandhok
Pavan Gandhok is an Affiliate faculty for Executive Development Programs and an advisory representative for SMU in India. He is a Visiting Fellow at the University of Melbourne and has also served as adjunct faculty at other leading business schools such as IIM – Bangalore, Indian School of Business., University of Queensland, Australia. His research interests are mainly in strategy, leadership and international business -
especially topics related to: Corporate Governance ;the interface between Strategy and Corporate Finance; advanced tools for Decision Making under uncertainty; Real Options; the Cognitive Dynamics of leaders’ Analytic & Intuitive business decision making; Emerging Market related business strategies and the emergence of MNEs from these markets. His corporate experience : includes over 20 years experience in senior leadership roles with leading strategy consulting/ corporate finance firms and private equity funds such as theBoston Consulting Group, Stern Stewart & Co., A T Kearney, Halcyon partners and TVSCapital.
In other career roles, Pavan has also worked with Monsanto as Director - business development and growth strategy for Asia-Pacific; in a Business Development role for the University of Melbourne's newly founded commercial arm; as a project engineer and research scientist with ICI Australia and CSIRO - Australia's leading scientific research group 
Business leaders such as CEOs, CXOs (strategy, finance, risk, etc.), Functional Heads, BU Heads, and Risk Audit Committee members. For the program to be effective and to achieve its objectives, participation of a cross-functional team of 2-3 individuals per company is desirable.
 
 
Key Takeaways

 Appreciating the distinction between traditional risk management and enterprise wide risk management
 Appreciation of inter-relationships and interdependencies of risks
 Decision making in risk situations
 Role of senior management in driving ERM
 Cognitive Biases and Behavioral Biases in risk assessment
 Risk mitigation strategies

At the end of the three-day program, participants will be able to develop a custom action plan to enhance their organizational level ERM plan as part of their strategy planning process
 
Fees

Program Fees
INR 160,000/- (plus applicable taxes) per participant.
This is a residential program and the fee includes course tuition, cost of instructional material/program kit, food, & accommodation at TMTC on single occupancy basis.
Full participant fee (plus applicable taxes) is payable against pro-forma invoice which will be sent upon receipt of nomination(s).

Cancellation Policy
Cancellation more than 20 days prior to the start of the program will be accepted at no charge. Cancellations 10-20 days prior to the program will be subject to a payment of 50% of the program fee (plus applicable taxes), and cancellations received less than 10 days prior to the program start date will be subject to payment of 100% of the program fee (plus applicable taxes).
Please Note: All cancellations must be confirmed via email to the program coordinator.

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