Skip to main content
 This program is not active.
Live Webcast Replay

Systemic Risk: Six Mega-Trends Facing Organizations Today


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
   125
Categories:
Accounting and Auditing |  ACPEN Industry Institute |  Industry
Faculty:
Dan Chenoweth, MBA, CPA
Course Levels:
Intermediate
Duration:
2 Hours
License:

Dates


Description

“Never take things for granted and don’t rely on the known world.”

 

“The systemic nature of our most significant risks calls for procedures and institutions that are globally coordinated yet locally flexible.”

 

-From the Global Risks 2014 Report

 

What trends are occurring in the worldwide environment that could impact our industry and, more specifically, our business?  In general, accountants are so detailed oriented that we sometimes don’t pay attention to the “bigger picture” and don’t see the impact emerging business models, innovative technologies or global competition have on our organizations. 

 

Systemic risk can be defined as the “risk of breakdowns in an entire system characterized by modest tipping points combining indirectly to produce large failures, risk-sharing or contagion, as one loss triggers a chain of others, and ‘hysteresis,’ or systems being unable to recover equilibrium after a shock.”  In an inter-connected, multi-polar world, potential events in one area may have global impact.  This session discusses six mega-trends and how they can create both hazards and opportunities for your company.

 

Basic Course Information

Learning Objectives

*Four indicators of change in today’s world

*Four primary risks identified by the Global Risks 2014 Report, based on a survey of the World Economic Forum’s multi-stakeholder communities.  The report maps 31 global risks according to level of concern, likelihood, impact and interconnections

*Six mega-trends derived from a review of predictions from five reliable sources

*Ways to mitigate risk or seek opportunities based on knowledge of these trends


Major Subjects

*What systemic risks are and why it is so important to take a holistic view in today’s complex, global environment.

*Review each of the six mega-trends:

#1 - Climate change and impact on water shortage, food production and severe weather events

#2 – Profound political and social instability due in part to unemployment / under-employment and increasing economic disparity

#3 – Changing demographics including an ever-aging world

#4 – Greater global connections resulting in geo-strategic competition and shifts in global economic power

#5 – Accelerating technological change

#6 – Increased urbanization

*Determine how an understanding of these mega-trends can help you mitigate risk in your organization and how these trends can even create opportunities for “first movers”


Course Materials

Faculty

Dan Chenoweth, MBA, CPA's Profile

Dan Chenoweth, MBA, CPA Related Seminars and Products


Dan Chenoweth, MBA, CPA, helps clients take their strategy to the bottom line through rigorous project management and change management techniques.  He has held executive level positions in general management, accounting and finance in a number of industries including telecommunications, printing and publishing, heavy equipment manufacturing and apparel manufacturing.  Dan lives in Loveland, Colorado and is a former Colorado Society of CPAs board member.


Additional Info

Basic Course Information

Advanced Preparation None
Course Developer Executive Education, Inc
Designed For

CFOs, those who aspire to be CFOs and internal and external auditors


Prerequisites

Some risk management knowledge helpful


Yellow Book

No


Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Instructional Delivery Method Group Internet Based
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Course Registration Requirements

Online Registration 


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Promo Video

Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 125

Comments

Terry T

"Excellent"

Karen B - Seattle, Washington

"Great topic and well presented. presentation itself helps to begin thinking out of the box. "

Jerri K

"very professionally presented."