Edexcel GCSE Business - Theme 1 - 1.1.2 Risk and reward
This lesson introduces learners to the importance of taking calculated risks for a reward.
Example or weighing the upsides vs downsides before coming to a decision to take a risk. An activity which gets students to think about situations in their own life for example, revising
vs going out to see friends - students then weigh up the pros and cons (analysis) and finally make a judgement with a depends (evaluation) on whether the risk is worth it.
Sometimes risk leads to failure, (not part of the spec but is good for students to know) and in business we must learn to bounce back from failure, so some anecdotes to help understand this.
Colourful, concise and engaging slides!