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\nRisk Mitigation Strategies for Businesses: Dealing with Uncertain Events and Key Staff Members\n

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\nThis is a lecture presentation discussing some of the risk mitigation plans that businesses can put in place to protect themselves from uncertain events in the market. The presentation covers strategies that help a business respond to...\nThis is a lecture presentation discussing some of the risk mitigation plans that businesses can put in place to protect themselves from uncertain events in the market. The presentation covers strategies that help a business respond to risks, but not eliminate them completely, as well as specific risk mitigation strategies for natural disasters and losing key staff members. The speaker emphasizes the importance of having a succession plan in place to ensure the continuity of the business and minimize disruption in the event of a key staff member leaving. The presentation also covers the process of developing a succession plan, including identifying key qualities required for the role, assessing internal and external candidates, providing support and communicating decisions to all staff members.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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16:46
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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business, power
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Additional Tags

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a-level, edexcel, only, risk, mitigation, plans, natural disaster, staff member, lecture presentation, amazing foresight, uncertain event, key qualities, extremely valuable, individual strategies, wrong decision, continuity plan, risk mitigation, business environment, experience working, staff, individual, strategies, backup, plan, completely, records, members, high, potentially, decision, businesses, challenges, unexpected, disruption
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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