Business A-Level
risk assessment
What risk assessment means in Business A-Level, as defined for AQA.
Definition of risk assessment
Check what you remember
Read the wording for your board, then hide it and explain risk assessment in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Assessing risks by their likelihood and impact, using historical data and expert judgement, though it can struggle to anticipate unprecedented 'black swan' events.
Topics that use risk assessment
- Problems with strategy and why strategies fail (AQA A-Level)
Related terms
- balanced scorecard
- flexibility versus control
- implementation gap
- mission and objectives
- organisational culture
- resistance to change
- return on capital employed
- triple bottom line
Using risk assessment in the exam
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