Advanced Topics in Corporate Finance and Enterprise Risk Management (ERM) covers a broad range of corporate finance concepts. As part of a 10-year strategic plan exercise, you'll apply opportunity engineering to help guide senior management in introducing a new product to market. You'll also focus on three applications of Extreme Value Theory (EVT), which are covered and tested in a business context. These include:
- Factors that affect strategic thinking, such as external forces and environmental analysis.
- Organizational characteristics that influence strategic decision-making, such as strategy, structure, controls and leadership.
- How senior management uses these to evaluate and benchmark progress toward strategic goals.
- Section 1: Module Overview
- Section 2: Elements of Extreme Value Theory (EVT)
- Section 3: Understanding Strategic Thinking
- Section 4: Strategic Planning
- Section 5: Conclusion
At the end of this e-course, you should be able to:
- Understand what's meant by strategic thinking.
- Develop a 10-year strategic plan.
- Analyze financial statements and evaluate their impact on a strategic plan.
- Determine strategic questions and evaluate scenarios.
- Evaluate when the strategic plan needs to be revised.
- Estimate parameters for an EVT model.
- Explain the limitations of EVT.
- Apply and evaluate EVT in use with operational risk.
- Interpret the results of environmental scanning and assess the opportunities.
- Individuals engaged in the actuarial profession at any level looking to fulfill their CPD requirement.
- Other professionals interested in or impacted by important topics related to the actuarial field.
- Hitt, Michael A., R. Duane Ireland and Robert E. Hoskisson. 2012. Strategic Management: Concepts and Cases. Tenth Edition. Cengage Learning.
- Van Putin, Alexander B., and Ian C. MacMillan. 2008. Unlocking Opportunities for Growth: How to Profit from Uncertainty While Limiting Your Risk. First Edition. Pearson Prentice Hall.
- This e-course is for professional development. It's not intended to substitute for any professionalism requirements for the ASA, CERA or FSA credentials. If you wish to register for an e-learning module to attain a designation, please visit the e-learning module Web page.
- Ultimately, it's an actuary's responsibility to make a reasonable, good-faith determination of what continuing education opportunities will enhance his or her ability to practice in a desired field. For more information on continuing education requirements, visit soa.org/CE.