1. DOWNER is Australia and New Zealand’s largest marketing business which provides state of the art technology and innovation in Transportation, Communications, Rail and Engineering, Mining, Construction and Maintenance. DOWNER provides a cardinal role when it comes to Transportations in Australia and New Zealand. They also invest in strategic partnership to allocate growth in their business. Downer joint ventures to Keolis, Bombadier and Electro-motive Diesel have also lead in advancement when it comes to transport business. This joint ventures is now Australia’s private sector which provides public transport that operates a fleet of 900 buses in South Australia, Western Australia and Queensland. Providing good quality and excellence services to their customers, thus ensuring compliance and good credibility of their business to the community. Downers plays a big part in economic stability of both country and employs a large number of people. Nowadays, there is always a risk management group that is outlined in every business operation of every business firm. The role of the risk management is to identify all the possible …show more content…
There is always a risk that associated in its business operation and the safety and health of its people is always at risk. That is why business firms like downers have risk management group that is outlined in their area of operation. The work of risk management is to assess the hazards and risk that are potentially present in the field that can cause harm to its people and business itself. By applying the SHREQ and ARM approach to the identified risk. The company established safety/cardinal rules to their work area to safeguard their people to hazards and mitigate the occurrence of the risk. This cardinal rules can be viewed at this site
In recent years, many organizations particularly in a high risk industry have experienced significant losses. For this reason, they have been more considered the importance of the concept 'High Reliability Organization' (HROs). Weick and Sutcliffe (2001) as cited in Takagi and Nakanishi (2006), claim that a comprehending of the HRO concept can lead to clearly understand a technical system within an organization. This leads to minimize any failures from unexpected circumstances. To be more precise, it can be said that the HRO principle assists the organization to determine the risk factors that may negatively affect a company performance in an early stage of a project life cycle. Similarly, Laporte and Consolini (1991) as cited in Aase and Tjensvoll (n.d.) state that any high risk organizations who has applied the HROs principles tend to have an outstanding safety records.
This case study is about “Specialized Bicycle Components Inc.” known as Ride the Red “S”. Specialized was founded in 1974 by Mike Sinyard. According to Chris Murphy, director of marketing for Red “S”, specialized is for serious riders. He says, “The customer is buying the ride from us, not just the bike.” The company began to produce its own bike parts by 1976, and introduced the first major production mountain bike in the world in 1980. Specialized now has an extensive global distribution network of 5000 retailers in 35 countries in Asia, North America, South America, and Australia. They maintained a reputation as the technological leader in the bike and bike accessories. The formal mission is still the same since they established the company “To give everyone the best ride of their life.”
The safety measures now is strict and are regulated through the legislation act of health and safety benefits under the specific laws governed by the state and the employers are bound to follow them in order to ensure the safety and risk management to the employees in the coal mining sector.US has the proper safety and health regulation and the companies are legislated to follow the laws along with reporting and monitoring of the risk management team data’s to be worked out by higher officials giving prime importance to it. The ethics behind the imputation of proper risk management and safety guarantee makes the organizations free from unnecessary hazards and cost. This method also makes the turnover rate low for the employees as they are satisfied to work in the safe and risk free
Based on the research on Australian Hardware's business information which I gathered form the team. The information is valid enough to be used as the base of this research. Choose one of the business problem/s or
Risk can be defined as “potential disturbances with their negative consequences”. Sharma & Bhat (2011). The objective of this assignment is to examine Mattel’s Toy recalls. In doing so a risk assessment of Mattel’s supply chain practises before the recall will be formed, the actions taken by all parties involved in the production of those toys that were recalled will be examined, the recalls impact on Mattel will be examined, the transparency and accountability of global supply chains will be identified, and Mattel’s current supply chain will be assessed to identify whether they now effectively managing risk.
These theories will be discussed and what action BHP should take in order in order to balance the interests of their shareholders while ensuring they have adequately compensated the stakeholders who have been affected by
Whether it was in school, the classroom or the home environment students with disabilities may exhibit various behavioral problems. Occasionally, these behaviors are hostile, aggressive, and disruptive and may impede learning for the ones who display such behaviors as well as others. It often a challenge to deliver a lesson or maintain control of the class due to the fact that teacher may not have sufficient knowledge on how to manage these types of behaviors. In “When the Chips are Down” Richard Lavoie give helpful advice that emphasizes on dealing with behavioral issues in a successful manner and also how these problems can be anticipated before they start.
Often lessors buy the planes and subsequently lease them to the respective airlines. Furthermore, the infrastructures are primarily established according to the precise needs of home airlines (BIEGER & WITTMER, 2011, p. 61-64). As an example, the airport of Zurich strongly adapted needs of Swissair when expanding its own infrastructure. Operations and outbound logistics cannot clearly be distinguished in the case of an airline business, since it is a service industry of intangible output. The “production” of the service and the order processing can be seen together as providing the transport to the desired destination of customers. Moreover, the added value is very much dependant on safety, service quality and comfort. Marketing and sales include every way of promotion and indeed, stipulating sales channels in pursuance of attracting new customers. As already alluded above, progressing technology in online distribution and increasing price competition caused by market liberalization force airlines to lay much more weight on the marketing and sales activities. The core differentiation possibility remains in quality of on-board service and additional services at
The United Parcel Service known also as the “Brown Giant” is the powerhouse in the air delivery, freight and parcel service industry. The United Parcel Service is based in Atlanta and is the world’s largest package-delivery firm. UPS delivers more than 3 billion parcels and documents per year. United Parcel Service operates 150,000 vehicles and 575 airplanes and is the dominating force in the United States ground delivery market. UPS is announcing that it’s ever expanding company with new acquisitions in the Asia/Pacific region, Latin America, and Europe. With its bureaucratic approach to the company’s management system with tight rules and regulations, and a well-defined division of labor in each plant from top to bottom is key in there success. The company has daily worksheet to specify goals and the work output. The daily employee quotas and achievements are reported on a weekly and monthly basis. I have experienced this bureaucratic approach to management first hand as an employee at UPS. From my experience there, I have seen how the company works from the inside out. I hope to relate valuable information that I gained there in my assignment to develop and analyze the management aspects of the United Parcel Service. I will cover key issues in the basic management structure of UPS including the external factors that shape the organization of the company, recent challenges to UPS.
In order to perform at the highest level, an employee must be motivated and have a strong combination of declarative and procedural knowledge. If an employee significantly lacks any of these performance determinants, the manager must address the issue through the most appropriate performance management approach. In the case presented, Heather’s declarative knowledge has been clearly presented. However, her ability to interact successfully with students both during and after class may indicate a lack of procedural knowledge and the possibility of a motivation problem. With the right behavior approach to performance measurement, Heather’s manager could capitalize on her strong declarative knowledge,
Identify the potential risks which affect the company and manage these risks within its risk appetite;
Operational risks are risks that may occur in the day to day activities, which may involve the process, systems, or people. Strategic risks are those risks involved with strategy. Positioning ones’ company with the right alliances and competing with fare prices will help affect future operational decisions. Compliance risks involve the many legislations and regulations a company must follow. The results could lead to high penalties and a company’s reputation could take a hit. Lastly, financial risks are always being monitored because oil, fuel, and currency rates are constantly fluctuating. By monitoring the fluctuating rates determines fare cost and balancing of the budget. “Like in any other industry, the risk exposure quantifies the amount of loss that might occur from any particular activity” (Genovese,
As the first step, identify potential risks plays a crucial role in the risk management process. The core purpose of identifying risk is to figure out causes of risk and analyze result caused by the risks and its probability . Hence, risk identification can begin with the source of problem, or with the problem itself. The chosen method of identifying risk may depend on culture, industry practice and compliance. The identification
Life is loaded with dangers and instabilities since, we are social individuals; we have certain obligations too to minimize these dangers. Since we are individuals we have faith in future instead of the present and craving to have a superior and secured future. In such manner, an extra security administration has its own particular worth as far as serving as reserve funds, speculation and danger assurance. As indicated by Raja (1998) Protection is the pooling of serendipitous misfortunes by exchange of such dangers to back up plans (Insurance agencies), who consent to repay safeguarded, for such misfortunes, to give other monetary advantage on their event or to render administrations
The company recognizes that it is subject to both market and industry risks. We believe our risks are as follows, and we are addressing each as indicated.