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Starter  Watch the following video:  Beauchamps High School.

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Presentation on theme: "Starter  Watch the following video:  Beauchamps High School."— Presentation transcript:

1 Starter  Watch the following video:  http://www.youtube.com/watch?v=a8iHhYlJ6Xw http://www.youtube.com/watch?v=a8iHhYlJ6Xw Beauchamps High School

2

3 GCSE Business Studies Calculated Risk Beauchamps High School

4 Will be able to evaluate the outcomes of taking a calculated risk Evaluation ~ GCSE Grade A* Will be able to propose reasons business will take a calculated risk Synthesis ~ GCSE Grade A Will be able to analyse risk versus reward Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain calculated risks Comprehension ~ GCSE Grade D Will be able to recall key terms calculated risk Knowledge ~ GCSE Grade E

5 Beauchamps High School

6 Calculated Risk Beauchamps High School Theory Notes The probability of a negative event occurring

7 Risks and rewards of new business  When taking risks, its important to look at downsides as well as upsides Beauchamps High School Theory Notes

8 Advantages (upsides)  Things that go right  Increase in profits, earn more money  What could go right for the 3 businesses shown in the starter? Beauchamps High School Theory Notes

9 Disadvantages (downsides)  Things that go wrong  Business could fail  What could go wrong for the 3 businesses shown in the starter? Beauchamps High School Theory Notes

10 Main Rewards  Becoming Wealthy  The excitement  The control Beauchamps High School Theory Notes

11 Main Risks  Losing our investment  Time wasted  People losing their jobs  Damage to brand name/reputation Beauchamps High School Theory Notes

12 Against the Clock

13 Group Discussion

14 Beauchamps High School https://www.youtube.com/watch?v=lC4twtldHa4

15 Will be able to evaluate the outcomes of taking a calculated risk Evaluation ~ GCSE Grade A* Will be able to propose reasons business will take a calculated risk Synthesis ~ GCSE Grade A Will be able to analyse risk versus reward Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain calculated risks Comprehension ~ GCSE Grade D Will be able to recall key terms calculated risk Knowledge ~ GCSE Grade E

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