Risk Types
Name two categories of risk
Strategic, Operational, Financial & Compliance
What does the 'P' stand for in Pestel?
Political
Who is the manager of Danino's pizza?
You are!
What does 'SWOT' stand for?
Strengths, Weaknesses, Opportunities & Threats.
What members of our team are swimming instructors?
Sonny & Elisa!
Name all four categories of risk
Strategic, Operational, Financial & Compliance.
What do the two 'E's stand for in PESTEL?
Economic & Environmental
Why should Danino's change its name?
Risk of litigation
In 'SWOT' are threats internal or external factors?
External!
How many days were in February THIS year?
29!
provide an example of a operational risk Danino's faces
.....
What does every letter in 'PESTEL' stand for?
Political, Economic, Social, technological, Environmental & Legal.
Who is the most disruptive member of the class?
Michael!
What are two threats to Danino's?
...................
How many days are in 2024?
366!
What category of risk do WHS issues fall into?
Operational
What are two examples of political issues that may impact Danino's
.......
What does 'stakeholder' mean?
A person with a vested interest in something.
Which letters in SWOT focus on internal factors / internal influences
Strengths & weaknesses
What is the sixth planet from the sun?
Saturn
Define strategic risk
Strategic risk in business are threats that may affect a business's ability to achieve strategic objectives.
Why is PESTEL important?
Keep up to date with macro influences
What is the technical name of the strategy Danino's pizza if using (low margin with high volume of sales)?
Cost leadership
Why do we complete a TOWS after a SWOT?
To leverage our findings to formulate strategies.
What are three critical thinking strategies from our last topic.
Observation, ask strategic questions, understand bias, understand subjectivity & objectivity, infer, analyze data, and analyze the source of information.