Alexander Larsen partners with Invest India and IRM India to bring risk management training to start ups in India
Effective risk management is vital to every business start up, to ensure there is a structured approach to managing and mitigating potential risks from an early stage. As a result of the Covid-19 pandemic, effective risk and resilience management has never been more important to every organisation around the world.
Invest India and the India Affiliate of the Institute of Risk Management (IRM) have joined forces to offer a free course “Enterprise Risk Management for Startups” to ensure startups in India have the best possible risk based approach at this difficult time for any business.
Alexander has developed half of the educational material for this joint initiative course and delivered it via virtual training. The IRM is the worlds leading professional body for Enterprise Risk Management education and research. Invest India is part of the Government of India’s Department for Promotion of Industry and Internal Trade of the Ministry of Commerce and industry.
Alexander, President of Baldwin Global Risk Services, is a Certified Fellow and Certified Trainer of the Institute of Risk Management with 18 years of experience within risk management across a wide range of sectors. Alexander has previously worked with major organisations in India and collaborated with IRM India to deliver risk management training. Delivering the other half of this course is Mr. Uday Gharpure, an IRM India Coach for Enterprise Risk Management with 38 years of experience as a transformational CXO level leader building and growing IT services organisations.
This course is a great opportunity for Startups in India to get a full understanding of how to manage risks from an early stage in their business. This forward looking and progressive step from the government in India will be a huge boost to the survival of a startup business. As the pandemic has emphasised the importance of resilience in response to disruptions and making risk based decisions, this course will focus on how to embed this approach into a new business.
It is essential that entrepreneurs learn how to manage uncertainties to protect the objectives and enhance the growth of their business. With increasing business failures and external complexities, it is imperative that startups implement robust processes and systems to identify and respond to vulnerabilities and threats across the value chain. Regulators in India have mandated only specific companies to set up a formal risk management function but in the wake of the pandemic, even private equity funds and other startup investors have started evaluating startups on their ability to manage risks and crises.
These startup businesses will be developing the CEOs of the future and having exposure to risk management at an early stage will result in robust and sustainable businesses. It is important that risk management is maintained through start up, growth and maturity of an organisation. Many larger companies ensure they have risk experts sitting on their board in Non-Executive Director roles to provide risk advisory and oversight of all activities.
The Enterprise for Risk Management for Startups course is split into 6 Modules;
- Introduction to Enterprise Risk Management
- Startups & Risk Management
- What is Risk?
- Covid-19 Case Study
- Risk Management Process
- How can startups implement Risk Management?
For more information or to register on this course please see use the following link; https://www.theirmindia.org/startup-risk-management
A Guide to Risk Management 