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Running Head: RISK
5-2 Report: Risk Impact Assessment
MBA 620
February 6,2022
SNHU
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RISK
After conducting a comprehensive risk assessment of TransGlobal Airlines, two
major risks have been identified that have the potential to adversely affect its performance in
the market. One of the chief risks relates to the adoption of a robust safety management
framework while handling all the aircraft of the fleet. Its popular 737 aircraft has already
given rise to serious safety concerns (Qiu et al., 2020). The risk could further magnify in the
dynamic business environment. The risk that has been identified is related to the ‘internal
processes’ balanced scorecard component. The risk relating to the safety aspects can be
categorized as an operational risk that can affect the business performance.
Another risk that can adversely affect the TransGlobal Airlines business in the airline
industry is competition. It is a high-impact risk that has the potential to diminish its financial
profitability and market share in the airline business domain. The risk that has been identified
is related to the ‘financial category’ of the balanced scorecard. It is a major strategic risk that
