Examination should include
- a comprehensive review of uncontrollable factors (e.g., environmental conditions, social dynamics, team results/performance, a broader economic climate) that can affect outcomes
- how uncontrollable variables can shape decision-making, planning, and preparation.
Process/Skill Questions:
- What makes sports, entertainment, and events more vulnerable to uncontrollable factors compared to other industries?
- What strategies can a business use to manage a product while navigating potential risks?
- What effect could unpredictable circumstances have on key revenue streams like tickets, merchandise, and concessions?
- How should a business plan for unexpected challenges or external influences?
- What are the most pressing threats businesses face today?
- How should a business approach a major hurdle or crisis?
- How can a company manage the cancellation of an event?