Edexcel Business - Scenario Planning

A new series of resources aimed at assisting teachers with the delivery of the Edexcel A Level Business specification. This resource specifically looks at topic 3.6.3. Scenario Planning. This PowerPoint presentation looks at scenario planning and how firms identify key risks through risk assessments with a focus upon natural disasters, IT systems failures and the loss of key staff. It then examines how firms plan for risk mitigation including the use of risk transference, risk avoidance, risk acceptance and risk limitation strategies. It concludes with a look at the concepts of business continuity planning and succession planning. The slides contain several activities with suggested answers including the Quick Fire Five and a 10 mark practice question. The clear and well-presented nature of the slides are aimed at helping students to understand the topics with each topic analysed to provide a balanced assessment of the theory.