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.
perform a risk assessment for TransGlobal Airlines to better understand its business environment.
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 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.
Risk Assessment Report: TransGlobal Airlines
To: Executive Leadership, TransGlobal Airlines From: [Your Name], [Your Title] Date: July 10, 2025 Subject: Risk Assessment of TransGlobal Airlines' Business Environment
1. Executive Summary
This report presents a targeted risk assessment for TransGlobal Airlines, focusing on two critical areas that could significantly impact the company's performance and long-term health. Given the dynamic nature of the luxury passenger vehicle market, particularly with the emergence of autonomous technologies and the constant threat landscape, proactive identification and mitigation of risks are paramount. This assessment identifies the Failure to Adapt to Disruptive Aviation Technologies as a high-impact strategic risk and Cybersecurity Breach as a high-impact operational risk. For each, we evaluate its probability and impact and propose actionable mitigation strategies to safeguard TransGlobal's market position, financial stability, and customer trust.
2. Risk Identification and Classification
2.1. Risk 1: Failure to Adapt to Disruptive Aviation Technologies (e.g., Autonomous Flight, Sustainable Propulsion)
Description: This risk encompasses TransGlobal Airlines' potential inability or slowness to research, develop, and integrate next-generation aviation technologies that fundamentally change the passenger experience or operational paradigm, such as fully autonomous flight systems, advanced sustainable aviation fuels (SAFs), electric propulsion, or AI-driven personalized services. Given the recent competitor announcement of an autonomous luxury sedan prototype with a two-year market target, this risk is increasingly pertinent to the luxury air travel sector.