Ryanair Risk Management Essay

The field of risk management is an imperative part of organisations today. The overall aim of this essay is to outline the failure of risk management in an extremely topical company known as Ryanair. The objective is to examine the risks associated with the mismanagement of employees, its effects on staff as well as customers perceptions of the company’s brand. Along with, ways in which the organisation could implement improved risk management by revising it’s working environment.

In the twenty-first century, risk can be depicted as calculating uncertainties of which the probability may be known or unknown. It can also be characterised as establishing control over the future (Beck 2002). Everybody at some stage has encountered risk in their lives; “Everyone is a true risk ‘expert’ in the original sense of the word” (Adams 1995, p.1). In our surroundings, we confront an extensive amount of risks everywhere and, within everything each day. It is also viable to note that we are all risks to each other whether it is a car accident, terrorist attack or the spreading of a malignant infection that takes place (Massumi 1993 cited by Deborah Lupton).

Risk management is

Firstly, if the organisation started to pay for their future employees training and basic supplies like their uniform, employees may feel more like an investment for the company hopefully increasing their loyalty. The organisation could provide more permanent contracts to staff, as zero-hour contracts create little motivation in employees. This would decrease future employees from departing the company to join other competitors. As referred to previously, it is necessary that the company encourages its employees to join unions and, stops its ‘non-union status’ (Gunnigle and O’Sullivan 2008). Employees should have the right to join a union without being suppressed by its