Curricula

Objective

This course offers the students the opportunity to learn the importance of risks through the lens of business risks and legal risks. A basic understanding of the law of torts and contracts will assist students to recognize legal risks and develop legal strategies to address these legal risks. A basic understanding of the categories of business risks facing organizations will assist students to asses these risks in each area and develop business stratgies to address these legal risks.

Content

There will be overview of risk management for both risks that are classified as having legal consequences and those that are classified as having business consequences. Legal risks will examine the fundamentals of tort law, contract law and special types of contracts commonly encountered in business organizations anywhere. Business risks will examine the major areas of business including an examination of management, marketing, human resource, technology and financial risks.

Assessment criteria, satisfactory (1)

Poor 0
Knowledge and Understanding: The student is unable to demonstrate the basic theoretical and conceptual knowledge. Central concepts of business and risk management are not understood.
Transferable skills: None. The student in incapable of understanding the basic theory behind business and risk management and has no ability to present is unable to present in writing or orally.

Inadequate 1
Knowledge and Understanding: The student is able to demonstrate a superficial understanding of theoretical knowledge. The comprehension of central concepts of the course remain vague or are largely incomplete. The ability to apply the concepts of risk managment are limited in scope and content.
Transferable skills: Negligible. The student is unable to apply the central concepts of risk management to an applied business scenario; and the student has very limited abilities to communicate in English both orally and in written format.

Satisfactory 2
Knowledge and Understanding: The student is able to demonstrate a basic theoretical and conceptual knowledge of risk management. The majority of the central concepts of risk management can be defined and the student has a rudimentary ability to apply these concepts to businesses.
Transferable skills: The student understands the basic theory and possesses a limited ability to apply the concepts in a practical manner. The student is able to communicate in English both in oral and written format and is able to prepare and present reports with a significant amount of direction.

Assessment criteria, good (3)

Good 3
Knowledge and Understanding: The student knows the basic theoretical and conceptual knowledge of risk management. Central concepts have been defined with clarity and accuracy. The student displays a fairly good command of the subject area and is able to demonstrate basic applications to business.
Transferable skills: The student can explain the theory of risk management and with assistance, can apply the theory to business orgnaizations. The student is able to communicate in English both in oral and written format and is able to prepare and present reports with limited amount of direction.

Very Good 4
Knowledge and Understanding: The student demonstrates a thorough and consistent theoretical and conceptual knowledge of risk management. Central concepts are defined with clarity, accuracy and logic. The student is able to demonstrate complete applications to business.
Transferable skills: The student can explain theories of risk management and with some assistance, can apply the theory to business organizations. The student possesses good skills in communicating effectively in English both in oral and written format and is able to prepare and present reports at a high level of proficiency.

Assessment criteria, excellent (5)

Knowledge and Understanding: The student demonstrates an exceptional theoretical and conceptual knowledge of risk management. Central concepts are defined with clarity, accuracy, logical and persuasiveness and as well contain innovative content. The student displays a command of the subject area that befits a professional practicing in business.
Transferable skills: The student possesses advanced knowledge in risk management and can communicate in a superior manner in English both in oral and written format and is able to prepare reports and present reports at a level of proficiency matching a business professional.

Materials

Upon completion of this course students will be able to
• identify legal and business risks applicable to organizations.
• apply basic legal concepts in the law of torts and contracts.
• analyze legal and business problems by applying it to relevant legal and business risks.
• debate legal and business issues commonly experienced by businesses.

Further information

This course is only offered face to face and requires consistent regular attendance due to the nature of the in-class active learning. The use of business and legal briefs is conducive to improved critical thinking and written communications. The use of live debates enhances oral communications, creativity in speaking and exchange of different opinions in a lively pleasureful manner. The use of teams allows for improved collaboration amonsgt young business professionals.