Entrepreneurship grade 12- Risk Management

• Economie
• Secondary Education

Have you taken any risks in your life?When? Explain.

Chapter 22.1

Risk Management

 Pages 512-519

Objectives

Describe the challenges of expanding your business. 

Analyze the kinds of risks encountered by the students

 Debate on speculative risk and pure risk and their impacts.

What are the different challenges faced when expanding a business?

Would you like to introduce new technology in your business?Why?

What are the risks you face as students?

How can you overcome the challenges you face?

What is meant by risk?How can you differentiate between speculative and pure risk?

What kinds of risks do you think high-tech companies might face?

____________ risk involves taking a chance for profit or loss. Speculative
risks are inherent to the business

1. High
2. Speculative
3. Pure
4. Low

_________ risk is the threat of a loss to your business without any
possibility of gain.

What kinds of risks do you think high-tech companies might face?

Debate on speculative risks and pure risks and their impacts on businesses.
1.Find the impact of speculative risk on businesses.
2.Find the impact of pure risk on business.
3.Conclude on the impact of both risks on business.

Why are speculative risks considered inherent to businesses?

Summarize the lesson.