Risk Management

Strategies for controlling the identified essays and turning opportunities to strengths According to TUIs riskiness Report (2008), its risk policy is designed to steadily and persistently enhance the conferences corporate value, achieve its medium-term monetary goals and secure the Companys ongoing existence in the long term. It is thus an integral component of the Groups corporate policy 1.Taxation increase on flights (BBC 2007, Air value increase comes into force)T The government has increased the amount of taxes being levied on flights as well as the stripport taxes the company has to pay. These taxes dejection be transferred to the customer fully or partially if TUI be active wishes to survive the current economic situation. These taxes have been imposed on them therefore since they cant get out of it, it is exclusively best if they spread the cost out to the customers for whom these services atomic number 18 being provided. Even though holidays may become more(prenominal) expensive, most people will pay as they notice it is of no fault of TUI Travels. They could also form an alliance with different travel firms to boycott the increase in taxes as a rise is not favourable for the current economic crisis. 2.

health and safetyT The company has recognised this risk and the measures put in place to tackle them range from Robust risk base approach to Health and Safety due diligence for Group products and activities; Destination based quality reviews carried out for areas of high risk; Industry leading expertise employed at the centerfield to set policy and provide guidance; Best hold sharing across new group tailored to bug market needs; Robust airline safety steering systems in place across the Group. (TUI Travel plc 2008, Key Risks) 3.EU & Government regulations (BBC 2003, New EU law over air misery)T According to TUI Travels, potential damages and liability from day-to-day task operations will be covered by indemnification policies (TUI Travel plc 2008, Risk Report). The introduction of... If you want to get a full essay, order it on our website: Orderessay

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