Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
Subject: loss
Transcript: IS CONCERNED WITH THE PRESERVATION OF THE ASSETS AND EARNING POWER OF A BUSINESS AGAINST THE RISK OF LOSS. THERE IS NO WAY OF ELIMINATING ALL THE RISKS
Eliminating or Minimizing Risk
This clip talks about ways to eliminate or minimize potential risks, such as buying an existing business or buying into a franchise. Sometimes, the clip explains, the best way to reduce risk is simply by using common sense.
Subject: loss
Transcript: OF COMMON SENSE. IF A BUSINESS OWNER SEES A POTENTIAL PROBLEM, IT IS OBVIOUSLY MUCH WISER TO ELIMINATE IT BEFORE AN ACCIDENT HAPPENS OR A LOSS OCCURS
Entitlement and Fairness
Nobel Prize winning professor of psychology Daniel Kahneman talks about how people react when something they've had and feel entitled to is taken away from them.
Subject: loss
Business Insurance
The need for each business to find a way of protecting itself against loss is the subject of this episode. Why businesses need insurance and
Subject: loss
Transcript: COULD CAUSE HUGE FINANCIAL LOSSES FOR THE PRODUCTION COMPANY. SO THE COMPANY INSURES ITSELF AGAINST ALL FORESEEABLE PROBLEMS. THE PRODUCTION COMPANY WANTS
Risk and Insurance
This clip explores the different types of insurance available to help protect against risks and liability.
Subject: loss