Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER 14 14-1 14-1Overview of Risk Management 14-2 14-2Insurable Risks 14-3 14-3Uninsurable.

Slides:

Advertisements

Similar presentations

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Economic Conditions Change Goals Describe the four phases of the business cycle. Explain.

Advertisements

CHAPTER 14 AUTOMOBILE AND HOME INSURANCE Sharing the Risk

Human Resources, Culture, and Diversity

Essential Standard 5.00 Understand business credit and risk management. 1.

Understand business credit and risk management.

Chapter 14 Risk Management.

Risk Management Presentations

Business Administration & Management Mr. Bernstein Insurance and Risk Reduction, pp June 5, 2015.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 International Business Basics Goals Describe importing and exporting activities. Compare.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Economic Choices Goals Understand the basic economic problem. Explain the steps in.

Understand risk management and insurance. 1.  What is risk? ◦ Possibility of incurring a loss  What is risk management? ◦ Process of decreasing risk.

Factors Effecting Profit Financial Risk. Risking It All  Risk  Possibility of financial gain or loss or personal injury  Businesses that do not profit.

Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.

5.02 – Risk and Insurance Review Game

© 2011 South-Western | Cengage Learning Importing, Exporting, and Trade Relations 6-1 Importing Procedures 6-2 Exporting Procedures 6-3 Importance of Trade.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.

Chapter 23 Risk and Insurance In the Spotlight:

© 2009 South-Western, Cengage LearningMARKETING 1 Chapter 19 MANAGING RISKS 19-1Assessing Business Risks 19-2Identifying Marketing Risks 19-3Managing Marketing.

Chapter 14 Risk Management.

Production and Business Operations

12.1 Business Risks 12.2 Insure Against Risks 12.3 Other Risks

Chapter © 2010 South-Western, Cengage Learning Introduction to Risk Management Understanding Risk Managing Risk 25.

Understand business credit and risk management. 1.

Sports and Entertainment Marketing © Thomson/South-Western Chapter 2 Slide 1 Do Now What is risk? What does Harbor Yard or Bluefish Stadium do to reduces.

Marketing CHAPTER Marketing Basics

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER Types of Production Production Planning Planning.

Health Economics & Policy 2 nd Edition James W. Henderson Chapter 5 The Market for Health Insurance Copyright 2002, South-Western, a division of Thomson.

Objective 5.02 Understand risk management and insurance. 1.

Introduction to Business © Thomson South-Western ChapterChapter Production and Business Operations Types of Production Production Planning.

© 2009 South-Western, Cengage LearningMARKETING 1 Chapter 19 MANAGING RISKS 19-1Assessing Business Risks 19-2Identifying Marketing Risks 19-3Managing Marketing.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.

Read to Learn Discuss risk and risk management. Describe different types of risk.

Essential Standard 5.00 Understand business credit and risk management. 1.

Entrepreneurship Mr. Bernstein Identifying Business Risks, pp , and Dealing with Risks, pp January 8-9, 2015.

ESSENTIAL STANDARD 5.00 Understand business credit and risk management. 1.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER Overview of Risk Management Insurable Risks Uninsurable.

© 2013 South-Western, a part of Cengage Learning. All rights reserved. Chapter 12 | Slide 1 Chapter 12: Creating and Pricing Products That Satisfy Customers.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.

Chapter 6 – Personal Risk Management Lesson 6

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER Overview of Risk Management Insurable Risks Uninsurable.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 14 SLIDE Overview of Risk Management Insurable.

© 2011 South-Western | Cengage Learning Global Marketing and Consumer Behavior Marketing Around the World The Marketing Mix and the Marketing.

Introduction to Business © Thomson South-Western ChapterChapter Risk Management Overview of Risk Management Insurable Risks Uninsurable.

Introduction to Business © Thomson South-Western ChapterChapter Risk Management Overview of Risk Management Insurable Risks Uninsurable.

© 2013 South-Western, a part of Cengage Learning. All rights reserved. Chapter 11 | Slide 1 Chapter 11: Building Customer Relationships Through Effective.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities 4-3.

© 2013 South-Western, a part of Cengage Learning. All rights reserved. Chapter 8 | Slide 1 Chapter 8: Producing Quality Goods and Services.

1 Chapter 23 Risk Management. 2 Topics in Chapter Risk management and stock value maximization. Fundamentals of risk management.

Slide 1 INSURANCE BASICS 1.1Insurance and Risk 1.2Basic Policy Types 1.3Purchasing Considerations 1.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER Types of Production Production Planning Planning.

Vocabulary Review PPT Chapter 3 Version 4E Sports and Entertainment Marketing Class – Mr. Sherpinsky Council Rock School District.

© 2009 South-Western, Cengage LearningMARKETING 1 CHAPTER 20 Financial Analysis Management Team Decision Making Event Scenario The owner of Student Lawn.

Vocabulary Review PPT 2 Sports and Entertainment Marketing Class – Mr. Sherpinsky Council Rock School District.

©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Credit and Insurance Credit Principles and Practices Managing.

5.02 Review POBF A chef allowed potential customers to taste sample dishes with plans for them to purchase several after the tastings.This is an example.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Human Resources Basics Goals Describe the nature of today’s workforce. Identify important.

Business Technology Mr. Bernstein Greene, pp : Insure Against Risks January 15, 2013.

Understand business credit and risk management.

Risk and Insurance Part 5 Managing Growth in the Small Business.

Business Essentials Appendix I Risk Management Eleventh Edition

CHAPTER 19 6/4/2018 Do Now What is risk?

Risk Management Definition

Identifying Business Risks, pp , and

14 Risk Management 14-1 Overview of Risk Management

Chapter 14 Review.

Understand business credit and risk management.

Insuring Against Catastrophes

Managing International Business Risk

Understand business credit and risk management.

Understand business credit and risk management.

Presentation transcript:

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE CHAPTER Overview of Risk Management Insurable Risks Uninsurable Risks Risk Management

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Overview of Risk Management Goals Identify the types of risks facing businesses. Describe ways that businesses can deal with risks. 14-1

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 3 IDENTIFYING RISKS Types of risks Economic and non-economic risks Pure and speculative risks Controllable and uncontrollable risks Insurable and uninsurable risks

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 4 DEALING WITH RISKS Avoid the risk Transfer the risk Insure the risk Assume the risk

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 5 Possible Ways to Deal With Risk

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 6

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Insurable Risks Goals Recognize important insurance concepts. Describe several types of business insurance. 14-2

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 8 PURCHASING INSURANCE Insurance basics Insurance companies Insured losses

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 9 BUSINESS INSURANCE Insuring personnel Health insurance Disability insurance Life insurance Insuring property Insuring business operations

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 10

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Uninsurable Risks Goals Describe why some business risks are uninsurable. List the strategies a company can use to reduce the risks of doing business internationally. 14-3

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter IDENTIFYING RISKS Types of uninsurable risks Economic conditions Consumer demand Competitors’ actions Technology changes Local factors Business operations

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter MANAGING RISKS Inform everyone in the business of the types of risks that are particularly important to their part of the operations Implement measures to gather information and spot possible problems Inspect facilities and equipment Be active in local communities Build relationships with government officials

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter RISKS IN INTERNATIONAL USINESS Strategies for reducing risk International property rights

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 14 15