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Hi all. Hope it went well! I found the paper rather tricky.
Q1: Was about Kaizen and ZBB. To be honest, I did write points in regards to ZBB, but I didnt specify on the product cycle part clearly. 🙁 I also couldnt complete the 6 mark part of Kaizen and ZBBQ2: this was tricky! but if concentrated well, it could be done! Due to this, I spent alot of time and had to rush into Q3.
Q3: I found this to be easy! But i am sad that I didnt have much time to elaborate much further.
Hi @trephena
I am also using COSO’s ERM framework for the report. Airasia does utilize the ERM framework, Therefore, I planned on using it to assess how effective has the framework been in ensuring that an effective risk management system is adapted in the organisation although it operates in a dynamic environment.
I planned on talking about the fluctuations in fuel prices and currencies, and how Airasia mitigated these risks by hedging. Would that be okay?
Besides that, I thought of including the recent flight crash which had an effect on the company’s reputation too. Can i talk on how the company tackled its reputation risk due to this incident?
The company was also facing debt risks. So should i talk on measures taken to mitigate this? How do i incorporate the ERM framework in it?
Do i have to include the shareholders too? The share price of the company dipped for 3 years. So should i state how the company managed the falling of the share price?
I’m a bit unsure on what i should touch on regarding the ERM framework. Do let me know if this is the right way. Really confused about this. Thanks.
Hi @trephena
I am also using COSO’s ERM framework for the report. Airasia does utilize the ERM framework, Therefore, I planned on using it to assess how effective has the framework been in ensuring that an effective risk management system is adapted in the organisation although it operates in a dynamic environment.
I planned on talking about the fluctuations in fuel prices and currencies, and how Airasia mitigated these risks by hedging. Would that be okay?
Besides that, I thought of including the recent flight crash which had an effect on the company’s reputation too. Can i talk on how the company tackled its reputation risk due to this incident?
The company was also facing debt risks. So should i talk on measures taken to mitigate this? How do i incorporate the ERM framework in it?
Do i have to include the shareholders too? The share price of the company dipped for 3 years. So should i state how the company managed the falling of the share price?
I’m a bit unsure on what i should touch on regarding the ERM framework. Do let me know if this is the right way. Really confused about this. Thanks.
Hi @trephena
I just finished mendelows matrix, and i have a few doubts regarding the classification of customers/guests in the airline company (Airasia) . I classified them as individuals with low power but high interest, as they are looking forward for good promotions, new routes and quality from the company. However, I am having a bit of confusion regarding the power. Suddenly i feel they do have power, as they are the main source of income for the company. If they boycott the airlines, this would lead to a drop in the revenue. But the reason i chose low power is that, the company has a large base of loyal customers, as it is the only low cost airline in the country, with a large number of routes in Asia. Would that be practical?
I have started out with agency theory too. I am going to assess how Airasia has prevented conflicts between its shareholders and directors. I am planning on talking about accountability and transparency of the directors to the shareholders. Therefore, I plan on doing a comparison of the revenue and EPS of the company for a 5 year period, to assess how the directors have conducted their duties to maximize the wealth of the shareholders in this period of time. I also plan on talking about the dividends declared, and the employee share option scheme. But, i am having a bit of confusion on how to present it. How do i get around this? Thanks.
@trephena I think i would stick with COSO Erm, mendelows matrix and the agency theory. I would ignore tuckers 5 question model then.
For the methods used to collect information, would it be okay to state the BPP P1 textbook? as i did go through that to get information. Besides that, since im only relying on secondary data, therefore when stating the limitations of information gathering, do i need to state the benefits of primary data when compared to secondary data? Thanks!
@trephena the country’s national carrier, Malaysian Airlines is not doing well. They recently underwent a few issues, and they privatized the whole company in 2015. Would it be advisable to take singapore airlines instead?
Besides that, I thought of using the tuckers 5 question model. I searched throughout the internet and i couldnt find any relevant material that could be used as a reference to the model. Should i consider taking this model or should i eliminate it since there is not much of information available?
Thanks!@trephena
Hi Trphena! I have been stressing out on this project for quite some time, as i am a bit confused on certain issues. Need your opinion on these few doubts!I am doing T17. I have chosen a low cost airline in Malaysia known as airasia. I have taken the financial statements of Airasia from 2013 to 2015. The corporate governance codes used during these years were based on the codes implemented on 2012. on 2016, they just implemented a new set of rules. Should I stick with the rules implemented on 2012?
Besides that, is it necessary to bring in a competitor? I read through the forum and came across a few replies that said it is not necessary, but my mentor said to include one. I am finding it difficult to include a mentor, as Airasia is a low cost airline, and it would not be practical to compare it to a normal airline company. What should i do?
I have also decided to choose four models for this topic. Agency theory, medelows matrix, coso’s framework and tuckers 5 question. I am having a bit of a difficulty in applying the agency theory into this topic. How can I get about it? Besides that? earlier in the forum, i came across a comment that said that COSO framework would be suitable for american companies. Should i consider omitting it then?
Thanks,
Aysha
