What Could Go Wrong?

by

Introduction

Students will learn the process of understanding risk and failures in business. Through examples and think-pair-share activities, the students will become engaged with the concept and value of causality-- Cause and Effect. They will be presented steps of the "Fishbone diagram" process through modeling and with an example of the process. They will interact further with the steps and each other through a thinking and brainstorming activity. Teacher will assess understanding through observation during these activities and students will demonstrate mastery through a written assessment of risks in their planned (or a like) business. Note: this lesson can be used with a students' business plans covering specific businesses; or as a general introductory less about identification of potential risk.

Lesson Time

Lesson Time
1 Hour

Industries / Subjects / Grades

Standards and Objectives

Standards

California's 2008 CTE Standards (5)
California Academic Content Standards (2)

Related Instructional Objectives (SWBAT...)

  • Use risk management concepts associated with small business ownership.
  • Create a contingency plans for risk management in a small business

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