Lesson Plan

• Define risk and uncertainty in a business context.
• Identify and differentiate five common types of business risk.
• Calculate expected monetary value (EMV) for a simple risk scenario.
• Compare risk‑management strategies used by entrepreneurs and intrapreneurs.
• Evaluate how the risk‑return trade‑off influences entrepreneurial decision‑making.

• Projector or interactive whiteboard
• Slide deck covering definitions, risk types, EMV formula, and risk‑return curve
• Handout with risk‑type table and EMV example
• Case‑study worksheets on entrepreneur vs intrapreneur risk management
• Calculators or spreadsheet software for EMV calculations
• Whiteboard markers and flip‑chart paper

Begin with a quick poll: “Which recent business headline caught your attention because of risk?” Use responses to link prior knowledge of market events to today’s focus. Explain that by the end of the lesson students will be able to identify, quantify, and manage business risk and uncertainty, and will demonstrate this through a short exit ticket.

1. Do‑now (5’): Students list three recent examples of business risk on sticky notes; teacher clusters them on the board.
2. Mini‑lecture (15’): Present definitions of risk & uncertainty, the five risk types, and the EMV formula using slides.
3. Guided practice (10’): In pairs, calculate EMV for a provided scenario and check answers with a quick whole‑class poll.
4. Comparative activity (15’): Groups work on case worksheets to map entrepreneur and intrapreneur risk‑management strategies; create a Venn diagram on flip‑chart.
5. Risk‑return discussion (10’): Whole‑class discussion of the risk‑return curve; students annotate a diagram with real‑world examples.
6. Exit ticket (5’): Each student writes one key takeaway and one question they still have about managing risk.

Recap the five risk types, the EMV calculation, and the contrasting ways entrepreneurs and intrapreneurs handle risk. Collect exit tickets to gauge understanding and assign a brief homework: research a recent startup failure, identify the primary risk type, and suggest one mitigation strategy.