It taught me about the compliance of risk management for fall and the consistency of skills required based on the standard of nursing practice so that as a nurse, it will help us to improve our quality of care and keeps risk management skills updated. Besides, it taught me about how to be a careful nurse at the same time try to fulfill the patient’s needs. Decision making is important. As a nurse, we need to think the rationales before you provide your care to or for the patient. Risk management do help us decrease the nursing liabilities, but it also remind us to always follow the protocols and principles of nursing practice or on the other words ‘not to break’ it.
Qantas Airways Ltd is Australia's national carrier and a dominant player on the Australian market and specifically ranks ninth in global (Air transportation, 2013). Qantas has an integrated global marketing strategy based on a consistent brand positioning across all markets with excellent brand image in safety record and reputation in the industry as the provider of on-time quality air travelling services to its passengers (Qantas On-Time Performance, 2014). However, the airline has experienced a tough business environment due to interaction between external and internal environment forces that lead to number of strategic issues, therefore the purpose of the report was to critically analyse the key strategy issues through strategic analysis tool like SWOT and PESTLE.
The success in crisis management depends largely on how quickly and accurately your organization communicates with its stakeholders. Interested parties have something at risk, and therefore something to gain or lose as a result of the organization's activities. Using their influence, stakeholders are the key to the environment in which your organization operates and therefore its subsequent financial and operating performance. During a crisis, the organization has to look at itself from the standpoint of your stakeholders' because the stakeholders will be more interested in how the crisis incident affect them. They expect your organization to communicate with them, so it is vital to be proactive, if possible.
The management of strategy risk is therefore very important. Unlike preventable risk, a rules based compliance approach cannot be utilised to reduce strategy risk but rather a system to manage the strategy risk must be implemented so that the chances of the risk actually happening are reduced and controls are in place to effectively contain the risk should it occur. Kaplan and Mikes have identified three approaches in the management of strategy risk; a) Independent Experts Independent experts can be brought in to an organisation to test the boundaries of a company’s risk management strategy by examining possible failures. This in turn will force employees to consider these possibilities prior to review. b) Facilitators This approach is used within organisations that are diverse and complex.
One way to reduce tensions of uncertainties is by using strategic planning approach (Christopher, 2013). Ngure (2013) pointed out that it is hard to develop a strategy. Make strategic work, perform or entire organizations to achieve it is even more difficult. Ngure (2013) stressed that the strategy, execution or task implementation of the strategy is the most time consuming and complex part of strategic management. 2.2.2 Transformational Leadership Style That Influence Strategic Planning Leadership style represents an important aspect of leadership.
According to Gupta and Malik, Senior managers use EIS to make decisions. EIS serve the strategic level of the organization addressing non routine decisions requiring judgement, evaluation and insight. EIS are designed to incorporate data about external events such as new tax laws or competitors but they also draw summarized information from internal MIS and DSS. They sieve through and compress critical data, which ultimately cuts down the time and energy required to gain information of use to executives. EIS employ the most advanced graphics software and can deliver graphs and data from many sources immediately to a senior executive’s office or to a
This has led to Pegaus also becoming one of the leading airlines, to adopt fleet-wide Wireless Groundlink End to End Network Solutions, a system providing double direction data transfer that is significant with regards to the traceability of systems. 2. Human Resources Pegasus Airlines are committed to hiring the highest calibre staff to join our team. Once a new position has been identified in the company, we evaluate applicants in our human resources database and/or publish open positions. Applicants are evaluated on the basis of suitability for the position, skills and personal qualities.
Rosa, & Webler, 2001). Risks are ranked according to their priority of most critical to least critical in order to establish a basis for allocating critical, limited resources available in the organization (Fadun, 2013 & Keegan, 2004). Strategies or response are: 1) Risk Avoidance which is the altering a plan so that the circumstances that may give rise to the risk no longer exist but other aspects may incur such as additional costing for converting the plan or adjusting certain requirements (Keegan, 2004) . 2) Risk Control or Mitigation which is taking steps to reduce the probability or negative impact of the risk (Mogaud, 2000). 3) Risk Transference which, is the shifting of ownership and impact of a risk to a third party who is willing to accept the responsibility such as, outsourcing to subcontractors (Magoud, 2000 & Renn,
It is the first step for a successful risk management plan. b) Avoidance- To apply safeguards thereby eliminating the risk problems. Once the associated risks are identified the risk management team can work in accordance to reduce the potential threats. Avoiding items from the business plan that aren’t necessary but can be a risk, is one of the major risk avoidance strategy. c) Risk Loss Control – After taking steps to prevent certain business risks, it’s important to decide a preventive strategy in order to avoid such risks from happening in the near future.