KICC Case Submission
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Transcript of KICC Case Submission
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2. Financial
Risk : If our competitor is managing employee costs in a more effective way which is having an impact on our employees
Strategy: Reduce
It’s a risk we cannot ignore and this is one of our key factors to impact our bottomline. So we plan to reduce it through variable components (E.g.: Tying employee pay with industry performance, providing ESOPs, employing employees on contracts which will prevent them to leave the company too soon)
3rd Party:
Risk: Relationship with existing players , loyalty with existing players
Strategy: Transfer
Instead of variable contract, we can get into fixed contract with 3rd party service providers like hotel chain, restaurants.
Safety:
Risk: This might consume more capital
Strategy: Accept
New Airline, cannot compromise on safety even if it might consume more non-performing capital