Decision Making for Risk and Crisis Management (Spring 2009-E604)

The workshop will take place the whole day ( schedule to be announced later) on the following dates:
-April 24 in S4.
-May 15 in S4.

Ms. FARIBA HASHEMI

The ability to analyze uncertain information in an effective manner is a crucial component of decision making for risk and crisis management.  An ancient human pursuit, the science of decision making dates back to when humans sought guidance from the stars. Together with a growing sophistication with managing risk, a better understanding of human behavior and advances in technology that mimic cognitive process, we have come a long way in learning the critical skills that allow us to manage risk and uncertainty, and to navigate through crises with greater awareness.  These series of workshops, use real world examples to help students gain the necessary confidence to manage the complexities of decision making within multiple stakeholder settings, involving relations and responsibilities of the public and private sectors. 

Country and Currency Risk Analysis


The ability of executives to build successful sustainable organizations and succeed in effective analysis and decision making, depends in large part on how they manage opportunities and challenges that emanate from the rapidly globalizing external environment in which they operate. This highlights the need for executives to develop the critical skills that will allow them to anticipate and navigate through significant changes in the external environment of their activities with greater awareness and confidence. For example, despite a general increase in the level of sophistication of financial market participants in recent years, a disturbing number of currency crises have occurred in recent years, for example in Mexico (1994), Southeast Asia (1997), Russia and Brazil (1998), Turkey (2000) and Argentina (2002). Given that such crises have global ramifications, it is imperative that today’s executives understand some basics about currency dynamics and to develop skills in navigating their way through such crises when they occur.  This series of workshops is intended to: (1) provide an overview of the major currency crises in the 1990’s, and to understand why they occurred, (2) provide insights about what types of responses are appropriate (or not appropriate) under certain conditions; and (3) anticipating where a crisis is likely looming.

Communication and Crisis Situation-Autumn 2007