From basics to boardroom: A holistic approach to ERM education

The case study method of learning has long been a teaching approach that uses a form of experiential learning to allow students to make the connection between classroom learning and real‐world applications. Cases such as those published by the Harvard Business Review utilize detailed historical information, financial data, and other relevant data, while others are created to highlight an existing set of problems or issues that also support or enhance the traditional lecture. In this paper, we present a course concept that provides a framework for multiple learning experiences where case studies build on core knowledge to prepare the student for real‐time experiential learning opportunities based on live interactions with experts during company visits. The case studies serve to bridge the gap between traditional lectures and company visits and are complemented by the FM risk management game, online quizzes, and pre‐visit company research projects. While our paper is based on an Enterprise Risk Management course in a specific geographic market, we believe that the framework of online learning, case studies, and on‐site experiential learning is applicable in different locations and settings.