High-Stakes Strategies
Strategies to Manage Systemic Risks for Competitive Gain
PROGRAM FORMAT: LIVE-ONLINE
Make impactful strategic risk and leadership decisions to mitigate crises. In this collaborative live-online program, senior executives will move beyond traditional risk management approaches to uncover fragile interconnections, anticipate potential shock waves, and develop a proactive risk and reward management strategy for their organization. You'll gain high-performance leadership and communication frameworks to protect and manage your organization's reputation in the process.
In today’s rapidly changing business environment, the stakes for organizations are high. Successful leaders are those who proactively lead risk management strategies for their organization—scanning the horizon for threats and shining a light on new opportunities while communicating clearly under pressure.
In this 2-week program, you'll learn critical strategic approaches for managing risk and making high-stakes decisions. You'll acquire the tools to identify and anticipate a broad set of risks—not only the risks in your direct control, but also ones that can result from external forces such as pandemics, supply chain disruptions, financial crises, terrorism, and cybersecurity threats. You'll also elevate your ability to make critical leadership and communication decisions during times of change, uncertainty, and crisis.
By attending, you will:
- Scan the horizon for red flags in government and market conditions to better protect your organization from potentially disruptive events.
- Gain the communication tools to tell bad news, diffuse negativity, tackle tough questions and unspeakable subjects, and make loud statements of change.
- Broaden your perspective to better understand your organization’s vulnerabilities and avoid being hurt as an "innocent bystander".
- Gain the strategic mindset to capitalize on new opportunities that occur as a result of a crisis.
- Cultivate a resilient organization in times of uncertainty and change.
- Learn how to leverage and enhance your organization's reputation as a tool in your crisis management planning.
- Gain effective communication and messaging frameworks that can be applied to diverse audiences such as investors, customers, employees, and government officials when your organization's reputation is on the line.
When you leave this program, you and your organization will be better prepared to make the tough decisions when it matters most and spotlight what your organization stands for through impactful leadership and effective communication.
Offered in live segments over two weeks, the program fits into the busy schedules of senior executives and provides an opportunity to reflect and apply program concepts in between sessions. It also fosters an environment where senior leaders can share experiences and engage with the faculty and each other not only during the class sessions but also through networking sessions and a virtual "fireside chat."
Each week combines live sessions with self-study readings and assignments. Live-online sessions are held on Mondays and Wednesdays from 9 a.m.–12 p.m. US Central Time. These sessions are recorded, but you are highly encouraged to participate live. This program includes live-virtual networking sessions after-class from 12-12:30 p.m Central Time on Mondays. View the full schedule here.
This program is designed for senior leaders who are responsible for making high-stakes decisions to protect, prepare, or move their organization ahead. It benefits those who are involved in developing a proactive strategic risk management approach for their organization or who play a role in managing their organization’s reputation and risk to shareholders, customers, employees, and other key stakeholders.
Executives from a wide range of industries and organizations, including corporations, startups, and public sector organizations will find this program beneficial. Suggested titles include board of directors, C-suite executives, senior vice presidents, entrepreneurs, and other senior executives.
This program provides an unprecedented opportunity to learn from renowned faculty and a high-caliber, global network of senior leaders.
Renowned Faculty
Chicago Booth Professor Randall S. Kroszner will share his expertise and experience as former Governor of the Federal Reserve System during the 2008-2009 financial crisis and as a member of the President’s Council of Economic Advisers from 2001-2003 where he dealt with the shock of 9/11, Latin American debt and currency crises, and corporate governance scandals. Dr. Kroszner is currently the Chair of the Financial Research Advisory Committee of the Office of Financial Research of the U.S. Treasury, an entity that provides financial stability and “shines a light in the dark corners of the financial system” to analyze, assess, and predict risk as well as provide policymakers with risk mitigation tools.
You can learn more about professor Kroszner's experiences making critical decisions for US policy during the 2008-2009 financial crisis here.
What's more, attendees will learn from Susan Lucia Annunzio, President and CEO, The Center for High Performance (CfHP), where she acts as a strategic advisor to CEOs of leading global companies on strategy attainment, business transformation, and thought leader on shaping and maintaining high-performance business environments. By working directly with board of directors, senior teams, and business units, Lucia has a proven record of enhancing collaboration, communication, and creativity during challenging times of change.
Fireside Chat
Learn firsthand from a renowned guest speaker who'll share how they have managed strategic challenges and risk in their organization.
Live-Online Networking Forum
Participants will have the opportunity to introduce themselves to the cohort and share their work experience outside the classroom. Booth team members will host forums and will help continue discussions onto the online discussion boards.
Randall S. Kroszner
Randall S. Kroszner is Deputy Dean for Executive Programs and Norman R. Bobins Professor of Economics. Dr. Kroszner served as a Governor of the Federal Reserve System from 2006 until 2009. He chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs. In these capacities, he took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure, including rules related to home mortgages and credit cards. He represented the Federal Reserve Board on the Financial Stability Forum (now called the Financial Stability Board), the Basel Committee on Banking Supervision, and the Central Bank Governors of the American Continent and was a director of NeighborWorks America. Dr. Kroszner chaired the working party of the Organization for Economic Cooperation and Development (OECD), composed of deputy central bank governors and finance ministers, on Policies for the Promotion of Better International Payments Equilibrium. As a member of the Fed Board, he was also a voting member of the Federal Open Market Committee.
From 2001 to 2003, Dr. Kroszner was a member of the President’s Council of Economic Advisers (CEA). He was involved in formulating policy on a wide range of issues, including responses to corporate governance scandals, government-sponsored enterprise reform, pension reform, terrorism risk insurance, tax reform, currency crisis management, sovereign debt restructuring, the role of the International Monetary Fund (IMF), and international trade and development.
Since 1990, Dr. Kroszner has taught at the University of Chicago Booth School of Business. Dr. Kroszner was Director of the George J. Stigler Center for the Study of the Economy and the State. He served as editor of the Journal of Law & Economics and has been associate editor of a number of other academic and policy journals. He was a member of the board of directors at the National Association for Business Economics and the Financial Management Association.
Dr. Kroszner serves as the Chair of the Financial Research Advisory Committee of the Office of Financial Research of the U.S. Treasury. He is a member of the Federal Reserve Bank of Chicago’s Academic Advisory Council and of the board of advisors of the Paulson Institute. In addition, he is a Research Associate of the National Bureau of Economic Research. He is member of the board of trustees of the Chicago Symphony Orchestra and a member of the board of directors of the Renaissance Society.
Dr. Kroszner has been a visiting scholar at the Securities and Exchange Commission, the IMF, the Stockholm School of Economics, the Stockholm University, the Free University of Berlin, Germany, the London School of Economics, and the American Enterprise Institute. He was the John M. Olin Visiting Fellow in Law and Economics at the University of Chicago Law School the Bertil Danielson Visiting Professor of Banking and Finance at the Stockholm School of Economics, and the SK Chaired Visiting Professor at Yonsei University, Seoul, Korea.
His research interests include regulation of financial institutions, international financial crises, the Great Depression, monetary economics, corporate governance, debt restructuring and bankruptcy, and political economy. His paper on managerial stock ownership (with Clifford Holderness and Dennis Sheehan) won the Brattle Prize for best corporate finance paper in the Journal of Finance. His book co-authored with Nobel laureate Robert J. Shiller, Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank (MIT Press) appeared on the Washington Post’s Book World political best sellers list.
Dr. Kroszner is a frequent commentator in the international media. He provides advice to financial institutions, government organizations, and central banks throughout the world.
Susan Lucia Annunzio
Susan Lucia Annunzio is President and Chief Executive Officer of The Center for High Performance (CfHP). She is a strategic advisor to CEOs of leading global companies on strategy attainment and business transformation. Susan partners with senior executives to increase their ability to simplify complex strategic decisions through enhanced collaboration and creativity. She is a globally recognized speaker and thought leader on shaping and maintaining high-performance business environments. She has a strong track record helping leaders maximize returns on strategic, financial and human-capital investments.
Previously, Susan ran the research-based high performance consulting subsidiary of Hudson Highland Group, Inc., a leading international professional staffing and talent management solutions firm.
Under her direction, Hudson Highland completed the most comprehensive global study of knowledge workers ever conducted regarding the factors that accelerate or stifle high performance. Susan has presented on this study at such prestigious venues as the World Economic Forum, The International Conference on Knowledge, Culture and Change at the University of Greenwich, and Vacature’s 2004 “Talent Economy” launch event in Belgium.
Susan has been an Adjunct Professor of Management at the University of Chicago Booth Graduate School of Business. She has been a guest lecturer at INSEAD business school in Fontainebleau, France, Kellogg Graduate School of Management and Instituto Empressa in Madrid. She also has taught at General Electric’s Crotonville Corporate Training Center.
She is the author of Contagious Success (Portfolio, 2004), a dynamic management book that revealed a global standard for high performance. Contagious Success was voted Fast Company’s Readers’ Choice selection in January 2005. Additionally, Susan authored two more prominent business books: Communicoding (Fine, 1990; Penguin USA, 1991) and Evolutionary Leadership (Simon & Schuster, 2001; Fireside, 2002).
She has been a guest on numerous local and national television and radio news programs and has been quoted extensively in the business press, including The Wall Street Journal, CNBC, BBC, USA Today and Bloomberg.
Susan is a member of the Economic Club of Chicago, the Executives’ Club of Chicago and the University of Chicago Women’s Business Group. She also works with the Metropolitan YWCA of Chicago and The United Way.
Scanning the Horizon: A Proactive Strategic Risk Management Approach to Decision-Making
- Learn how to put your domain expertise in the context of broader risks that pose a threat to your organization and the economy more generally
- Uncover fragile interconnections to understand systemic risks that can emerge from events such as pandemics, policy changes, financial crises, and supply chain disruptions
- Discover how to step outside your organization in order to understand your vulnerabilities and avoid being hurt as an "innocent bystander"
- Gain the strategic mindset to capitalize on new opportunities that occur as a result of a crisis
- Examine unintended consequences and global spillovers of policy responses to crises and macro volatility
- Apply a risk and reward framework—Urgency, Mission, Agility, and Persistence—to encourage innovation, manage disruption, and “UMAP” your future
Crisis Communication Strategies: Straight Talk in Tough Times
- Improve strategic communication to lead effectively, guard against miscommunication, and avoid reputational damage
- Gain the communication tools to tell bad news, diffuse negativity, tackle tough questions and unspeakable subjects, and make loud statements of change
- Cultivate resilient, high-performance teams in difficult times
- Acquire frameworks to formulate effective messages for different audiences and stakeholders
It was March 2008 and the shares of Bear Stearns were in freefall. Without swift action, the investment bank would collapse.
"The Bear Stearns crisis was personally transformative. I couldn't believe we were forced with these choices and that I would vote for them. We had to make real-time decisions about massive interventions."- Randall Kroszner, Deputy Dean for Executive Programs and Norman R. Bobins Professor of Economics.
Read Kroszner's Full ArticleUpcoming Courses
| Date | Fee | |
|---|---|---|
| April 12-21, 2021 | $3,500 | Register Now |
| September 20-29, 2021 | $3,500 | Register Now |