To learn risk and crisis management with the global perspectives, advanced management capabilities, and high ethical standards, all of which are required to be a pioneer.

By applying case method leaning to representative case studies of risk management, we analyze and discuss the risk management and sustainability for future corporate managers as well as for responsible citizens in society. We address three questions. First we clarify what is risk, uncertainty, and risk management for business activities. Second we examine corporate risk management methods including decision analysis, risk analysis, statistical decision making, public relations, finance and ethics. Third we discuss economic, political, environmental and cultural conditions for risk management and crisis management. This year we also emphasize impact of crisis associated with natural disaster, infectious disease, Russia and Ukraine war, financial crisis, population and aging society as a source of global risk.

1. To identify and prepare for risk and crisis from daily life to corporate activities and social issues.
2. To learn risk management methods in various disciplines including "probability and statistics," "economics, finance and decision sciences", "project and program management", "human behavior and organization theory".
3. To learn how to apply risk management tools in specific situation found in case materials.
4. To learn how to deal with nation wide risk and crisis such as "population risk", "macro policy risk" and "social risk."
5. To understand global risk and crisis such as "financial crisis", "natural disaster", "infectious diseases like COVID-19", "political risk", "war of nations", "climate change", "risk of technologies."

*本学の教育ミッションを具現化する形で設定されています。

Knowledge and problem solving capability in the following issues.
1. Notion of risk and uncertainty: risk associated with business activities.
2. Risk and crisis management tools including probability and statistical decision making, decision analysis, finance, project and portfolio management, simulation, alleviation and mitigation.
3. Sources of risk and business activities such as product liabilities, quality assurance, legal issues, corporate governance, finance, R&D and business strategy.
4. Evaluation of risk from the perspectives of political, environment, economic, and natural disasters.
5. Analysis of risk, ethics and sustainable development goals.

教育手法 Teaching Method		% of Course Time
インプット型 Traditional		10 %
参加者中心型 Participant-Centered Learning	ケースメソッド Case Method	90 %
	フィールドメソッド Field Method	0 %
合計 Total		100 %

Learning Method
We provide a number of case studies and related documents with varying subjects and topics. In class discussion, we cover only certain materials and the rest are for your reference and supporting materials of the case discussion. Accordingly, when you prepare for the class, you should concentrate on subjects and topics addressed as assignments (Homework and Report Problems). You are also encouraged to figure out your own questions suitable for class discussion. Because we do not have enough time to discuss all subjects and topics in class, you are advised to identify the important questions.
There is no clear pre-specified scenario of class discussion because case method should emphasize collective efforts of participants. Still we will follow typical process of case analysis such as: a. identifying questions, b. raising alternative solutions, c. analysis, d. discussion, e. decision making. Do not expect that an instructor will lead class discussion with his favorite scenario. It is your role to participate in discussion.

Prepare for the class
Read teaching materials (case studies, related papers, and others) based on assignments. You are requested to prepare for the class with double time duration for a class (i.e. 2 hours for 1 hour class discussion).

Homework (you should submit each homework on the day of class)
Prepare one page report for Homework questions (A4 paper, 300-500 words with figure and table). Type written format is preferred.

Final Report/Exams
There is no final exam in class. We use final report for student’s evaluation. There are two part of final report, one is revised homework and the other is report for “Report Problems). You need to produce A4, 10 pages of answer a single file (M.S.Word or PDF is preferred) with proper information (name, student number, page number, homework question number, report problem number).

Grading is class participation (about 70 percent) and final report (about 30 percent).

Feedback in class after 16:40 for 1 hour.
About grading: Overall class performance is announced after grading.

List of Teaching Materials (Notes, Cases, Ref (Reference)

00 Assignment and Teaching Materials List
01 Case& Note, “Risk, Uncertainty and Decision-Cases and Lecture Notes” (Lecturer’s note)
02 Case, “Toyota Recall Crisis - Sudden Unintended Acceleration”
03. Case “Will Smith Slaps a Comedian at the Academy Award 2022 Ceremony.”
04 Case “The Toshiba Accounting Scandal: How Corporate Governance Fails,” Hong Kong University, Asian Case Research Center, HK1097. HBSP
05. Multimedia Case, “Columbia's Final Mission V2,” 8746-HTM-ENG，HBSP.
06. Case, “Economic Crisis of 2008－Japan in the Global Perspective－ .
07. Case, “Monetary Policy of Bank of Japan 2022”.
08. Case, “COVID19 Summer 2021, the 5th Wave and Aftermath”
09. Case, “Russia and Ukraine War in 2022.”
10. Employee Evaluation (Excel Spread sheet)


Ref.1. The Harvard Law School Forum on Corporate Governance
The Economics of Corporate Governance https://corpgov.law.harvard.edu/2022/08/30/the-economics-of-corporate-governance/
Ref .2. Pellerin, Mathieu, The Economics of Corporate Governance (July 19, 2022). Available at SSRN: https://ssrn.com/abstract=4165764 or http://dx.doi.org/10.2139/ssrn.4165764
Ref. 3. Animation Movie “The Crisis of Credit Visualized, HD. https://www.youtube.com/watch?v=bx_LWm6_6tA
Ref. 4. The Government of Japan, “Abenomics”,
https://www.japan.go.jp/abenomics/index.html
Ref. 5. “Adverse Selection, The Premir”
https://www.moneyandbanking.com/commentary/2017/8/13/adverse-selection-a-primer
Ref. 6. Ministry of Finance Japan，Japan Public Finance Fact Sheet 2022,
https://www.mof.go.jp/english/policy/budget/budget/fy2022/03.pdf
Ref. 7. Ministry of Environment and other Japanese Government, “Synthesis Report on Observations, Projections and Impact Assessments of Climate Change, 2018, “Climate Change in Japan and Its impacts,”
https://www.env.go.jp/earth/tekiou/pamph2018_full_Eng.pdf
Ref. 8. Ministry of Environment, Japan, Annual Report on the Environment Japan, 2022.
https://www.env.go.jp/content/000084912.pdf
Ref. 9.Fukushima Revitalization Station, Fukushima Prefecture Government，HP.　
https://www.pref.fukushima.lg.jp/site/portal-english/list385.html

*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。

講師用内規準拠 Method of Assessment	Weights
コールドコール Cold Call	5 %
授業内での挙手発言 Class Contribution	60 %
クラス貢献度合計 Class Contribution Total	65 %
予習レポート Preparation Report	5 %
小テスト Quizzes / Tests	10 %
シミュレーション成績 Simulation	0 %
ケース試験 Case Exam	0 %
最終レポート Final Report	20 %
期末試験 Final Exam	0 %
参加者による相互評価 Peer Assessment	0 %
合計 Total	100 %

評価の留意事項　Notes on Evaluation Criteria

1) Submission of homework before the class is required. You do not have to answer all homework.
2) Class participation is evaluated based on your remark, speech, and presentation. To give a whole analysis or remarks to support class discussion is highly evaluated. Remarks without no real thesis is not discourages but not much appreciated.
3) When you miss an opportunity to express your opinion, still you have a chance to express it in your preparation report or final report which I grade.
4) Short pop tests (20 minutes)
5) Final report, complete homework, short essay, your makeup remarks you did not have a chance to speak in class. (if you prepare well class in advance, this is not a burden. You can just sum up your class preparation report and your discussion in class)

In brief, class participation 70% (Cold Call 5%+Class Contribution 55%+Quizzes/Tests10%) and Report 30% (Preparation report 10% + Final Report 20%). The number is rough and will be adjusted slightly according to the progress of class.

• Robert Pindyck and Daniel Rubinfeld「Microeconomics 9-th Edition（Global Edition）(Optional:If you have taken microeconomics course prevously, you do not have to purchase this, or various discounted prices are available including used book and e-book. )」Pearson Education Limited（2017）ISBN: 9781292213316

＜References(1) General＞Detailed References will be provided in syllabus

Positive remarks are 1) an instructor encourages students to speak and make presentation for discussion. 2) variety of cases and readings. Certain cases like climate changes and COVID-19 are interesting.
Negative remarks are 1) too much readings assignments and too various topics 2) assignment questions are not clear and no explanation nor guidance by an instructor. 3) prefer more lectures and group works.

Accordingly, I adjusted the choice of materials, less topics and assignments.
1) fewer, newer, shorter cases and readings.
2) less topics and more focus on some selected topics.
3) more lecture, still it is regulated to be under 20 percent class time.
4) clearer assignments and direction, establishing additional office hour for clarification.

Although students‘ views are important, an instructor prefer the remarks and opinions overtly expressed in class or final report compared with anonymous comments.

I believe that it is the student role that plays an instrument in an orchestra, and a teacher is a conductor of orchestra or a composer of music. This means that a teacher cannot play a music by himself.

Students should learn and train themselves to prepare for the future. The effects of education should last even after the class. What is important for business education is to build learning capability of students.

That is what I believe.

Refereed Articles

• (2019) Problems of 2018 Nobel Economic Sciences Prize-Hirofumi Uzawa’s Contribution to Economic Growth Theory and Climate Change-. Keio Business Review 36(1): 03877086