TransGlobal Airlines Risk Analysis
Overview
When performing an evaluation to determine the performance or health of a company, it is important to identify and evaluate any current or potential risks the company might face.
In this assignment, you will perform a risk assessment for TransGlobal Airlines to better understand its business environment.
Prompt
Perform a risk assessment for TransGlobal Airlines and write a report describing the results.
Specifically, you must address the following rubric criteria:
Identification: Identify two risks the company is facing, including at least one high-impact risk.
Identify the balanced scorecard component each risk corresponds to.
Classify the risk based on these two types:
Operational
Strategic
Evaluation: Determine whether the probability and impact of each identified risk is low, medium, or high. Justify your evaluation of the impact and probability of each risk.
Mitigation: Recommend a possible risk-prevention or mitigation strategy for each identified risk.
What to Submit
Submit a 1- to 2-page Word document using double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations.
TransGlobal Airlines Risk Analysis
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TransGlobal Airlines Risk Analysis
Introduction
TransGlobal Airline wants to buy another airline to grow its business and transportation routes. For the business to succeed as a firm after this acquisition, it is crucial to consider the risks it presently faces. These risks will be identified, and the study will assess their potential influence on the firm's acquisition. A recommendation for a risk prevention strategy will be made after the analysis.
Risk Identification
The recent safety lapses are a current operational concern for TransGlobal Airlines. TransGlobal has a 5-star safety rating on Airlines.com, which has a medium impact on the business now but might have a high impact if it is not resolved. Aviation safety is crucial since every time an airplane operates, lives are at stake. Insufficient safety management in airline travel has resulted in the loss of many priceless human