MSC RISK MANAGEMENT Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

MSC RISK MANAGEMENT Case Study Solution

Introduction

With the passage of time and growth in technology and economic conditions of the countries and through increased industrialization, the aviation industry has flourished. The main reason is the increase in the travel need due to business development and also the fleet movement from one region to another with the fastest mode available. The enhancement in aviation industry has offered the businesses the effective management of the fleet along with the safe and fast delivery of products which are fragile in nature. The aviation industry on the other hand has improvised its operations and functions in order to offer the people and the businesses the fastest and safest mode of traveling from one place to another.

Over the period of time with the timely evolution in the industry, the passenger airline service has increased with the reduced fatality rate of 7.1 increasing the number of travels per year of this make customer. Also, after the incident of World Trade Centre, the aviation industry attracted a lot of negativity due to ineffective control systems and function, jeopardizing the quality of service offered. However, with the passing time, in 2011, the aviation industry again rebuilt its operation through technological advancement and provide to be the safest year of travel. (Raghavan, 2012).

Also, with in the last 10 years, the international air transport reported the reduction in the aviation accidents that might have occurred due to the on-ground in capabilities of the staff and the functions. In addition due to the improvement of the human resource and right allocation of resources, the aviation industry has improvised its e-functions which are vital to develop a more sustaining and stable aviation service industry. Many researches have proposed that strengthening the e-functions and mechanism of aviation offers the sustainability in maintaining the flight safety also helps in reducing the global disasters.

Also, due to increase in the travel rate and facilitation of services of aviation, the safety in aviation industry has become the prime factor of consideration itself along with the customers and the clients. Since safety is the prime factor of adapting the air medium to travel, many aviation players has inculcated software technologies, and the management of the protocols in order to align the operations and functions, reducing the friction between different department involvements when the plane is in the air. The major improvements have been incorporated between the pilot and the on-ground department in order to improve the coordination and develop such mechanism that facilitates the user interface in times of emergency that may occur due to any technical issues or natural turbulence.

In addition, apart from technological adjacent, the mechanical advancement shaping more intense engines and plane design, cockpit voice records and navigation radars has offered the aviation industry a more sustaining plane that can stabilize itself to improve safety of the customers. Moreover, with the development of strong human resource and retaining development department with in the aviation, the enhancement in on-ground and off-ground coordination between the pilot and the staff has improved safety measures mitigating the risk of turbulent landings and inability to manage the emergency landings.

Also, in the recent years, the improvement in electrical and mechanical aspect of the aviation industry has offered the industry with more sustainable aircraft engines that are more reliable and can absorb threshold landing without affecting the aircraft. In fact such improvement has led to low number of accidents and equipment failures, leading to more safe aviation services. Another aspect of aviation industry’s improvement is seen to the training of the pilots and the coordination between the pilot and the on-ground department. Since in the last few years major global plane crashes have been the result of inadequate coordination between the on-ground department and the pilot, the increased attention and consideration to the internal factor has also improvised the safety of pilot, plan and also the customer travelling. Leading to enhanced trust and hence profitability.

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Lastly, the navigational aids and air traffic management has reduced the risk of traffic accidents leading enormous loss, This has been attained through strong alliance with the weather forecast department and better training to develop the skills of better understanding of weather traits such as wind shear and downdrafts. Moreover, in the recent years, the reactive approach has become the art of aviation industry which outlines the understanding of the past accidents and factors that has caused it. The research and understanding has allowed aviation group to mitigate those factors to occur again and has allowed to securitize more deeply the performance of plan and overall functioning on those factor found. Also along with the reactive approach, appropriate approach of finding the better technology, software’s and equipment has also reduced the safety hazards that occurred in past , in an attempt to improve the aviation industry and sustain the business in long term witless negativity and high adaptability..........................

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