Strategic Decision Making – Managing Black Swans

Programme

Strategic Decision Making – Managing Black Swans

Programme Length

2 Days

Programme Fee

HK$16,800 per participant

Medium of Instruction

English

Delivery Approach

Hybrid (Online + Face-to-face)

ABOUT THE PROGRAMME

Our world is being shaped by a large number of unprecedented events, for example, the wide spread of COVID-19 and deteriorating relationship between China, US and some other countries in the past few years, that had great impacts on businesses globally. Business leaders and decision makers had to make tough decisions under such extreme in a very short period time.

This programme aims to help business leaders and decision makers to improve their decision making under extreme uncertainty. It synthesizes the recent research on Black Swan events and develops ideas and tools for managing them.

WHO SHOULD ATTEND

  • Chief Executives, Functional Heads, General Managers, Risk Managers, Project Managers and Strategists
  • Business executives who wishes to understand the principles of analytics or to acquire the knowledge and communication skills needed to steer analysts

BENEFITS

  • To introduce the concepts, research, tools for the Black Swan events
  • To learn about scenario planning and how these scenarios could facilitate better decision-making
  • To identify and overcome decision-making traps
  • To manage risk and uncertainty in the decision-making process
  • To prepare business leaders and decision makers for challenges in the complicated, uncertain world.

PROGRAMME STRUCTURE

Day 1: Scenarios with Black Swans

TopicDate
  • The importance of Black Swan events in business
  • Classifications of Black Swan Randomness and Moderate Randomness
  • Deep roots of Black Swan Randomness
  • Decision making facing Black Swan 1: Focus on your own thinking
  • Decision making facing Black Swan 2: Evaluate your subordinates and yourself
  • Linear vs Non-linear business payoffs
  • Outcome vs Process 
 To be confirmed

Day 2: Strategic Decision Making

TopicDate
  • Decision making facing Black Swan 3: Use experts’ advice carefully
  • The difficulty of prediction
  • The difficulty of verifying expertise
  • Asymmetric incentives and lack of skin in the game
  • Decision making facing Black Swan 4: Build an anti-fragile organization
  • Decision making facing Black Swan 5: Exploit optionality
  • Financial options and “optional volatility smile”
  • Real options in business
 To be confirmed

LEARNING EXPERIENCE

The programme serves to address executives strategies to manage data and technology to create value for business. It is designed to give both big pictures, strategic framework and strategies on Data Analytics and AI suitable for executives and senior management.

FACULTY PROFILES

Prof. Pingyang Gao

Area Head of Accounting and Law 
Professor 

Academic & Professional Qualifications:

  • Ph.D., Yale University
  • M.A., Peking University, China
  • B.A., Renmin University, China 

SCHEDULE AND VENUE

Venue

HKU Business School
Block B, Cyberport 4,
100 Cyberport Road,
Hong Kong

FEES AND FUNDING

Full programme fee:

Full programme fee: HK$16,800 per participant

Discounts*

TypeDiscountEligibility
Early Bird10%Registration has to be submitted 45 days or earlier, prior to the start of the programme.
Group15%Minimum of three participants from the same organisation registering for the programme.
HKU Alumni and Staff20%Please indicate your alumni status in your registration, and we will advise and confirm on your eligibility.

*Only one type of discount can be applied per enrollment. The discount cannot be used in conjunction with other promotions, discounts or offers. In the event of a dispute, provision of the discount(s) is subject to the sole discretion and final decision of HKU Business School.

CONTACT

Mr. Adrian Chan
Phone: +852 3962 1230
Email: adcwc@hku.hk

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