MIT Sloan Introduces "Building Organizational Resilience: A System Approach to Mitigating Risk and Uncertainty"

CAMBRIDGE, Mass., Sept. 13, 2021 /PRNewswire-PRWeb/ -- The COVID-19 global pandemic has surfaced the critical importance of organizational resilience, but many other major risk management failures, such as the devastating impact of hurricane Katrina on New Orleans and the recent massive cybersecurity breach of Solarwind, all stemmed from lagging response to shock-like unexpected events. Recognizing the need for system level organizational capabilities to manage risk institutions of unexpected crisis, MIT Sloan Executive Education today announced Building Organizational Resilience: A System Approach to Mitigating Risk and Uncertainty, a new course designed to provide business leaders with a practical approach to assess and build organizational resiliency against catastrophic events.

The course, led by John Carrier, Senior Lecturer of System Dynamics, Retsef Levi, the J. Spencer Standish (1945) Professor of Operations Management, and Miho Mahzereeuw, Associate Professor of Architecture and Urbanism, will be held September 27-29 over three days, virtually. A second offering of the course will be held November 29-December 1.

"Organizations – designed for optimal performance – work well under steady-state conditions but are vulnerable to failure when the irregular and unexpected shocks occur," said Levi.

MIT's perspective on mitigating organizational risk and managing uncertainty is rooted in real-world practice, systems thinking, and a focus on the human factors that drive suboptimal events and processes. Through faculty presentations, panel discussions case studies, interactive exercises, and small-group discussions, participants will explore the importance of systems thinking, learn to identify and act on the warning signs of irregular operations, and understand the important roles that continuous improvement and organizational agility play in developing a more resilient organization.

"Systems thinking and continuous improvement can help your team identify problems before they occur and fundamentally alter your organization's ability to effectively respond," said Carrier. "If we have learned anything over the last few years, it is to expect the unexpected. This course is a valuable tool for leaders aiming to better understand the factors contributing to catastrophic events and leverage this knowledge to limit their effects."

Participants will leave this course ready to implement a 90-day playbook for improving the resiliency of their organization. Key takeaways include how to develop:

•     a consistent language of risk and resiliency
•     the tools to identify irregular operations before they derail the organization
•     a framework for identifying the organization's intervention points to arrest and recover from evolving critical situations
•     an understanding of how traditional Lean and Six Sigma programs can be leveraged to fundamentally reduce systemic risk and improve organizational resiliency
•     the ability to efficiently implement cutting edge technologies to break free of the organization's current risk/reward profile

To learn more about the course or to enroll, click here. For a complete list of Executive Education courses, visit the MIT Sloan website.

About MIT Sloan Executive Education  
MIT Sloan Executive Education's non-degree executive programs are led by senior MIT Sloan faculty and provide business professionals worldwide with a targeted and flexible means to advance their career development goals and position their organizations for future growth. The cutting-edge leadership training includes more than 80 short courses, executive certificates, online courses, custom programs for organizations, and the flagship Advanced Management Program.

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SOURCE MIT Sloan Executive Education