Analysis of Alaska Fly-Fishing Expedition Case Study

Exclusively available on Available only on

Updated: May 15th, 2024

Table of Contents

Risk Assessment Form
Risk Response Matrix
Reference

Business trips are necessary because they motivate the employees after resumption to work harder and skilfully to achieve the objectives of the business. They are a source of staff morale and boost their production in the coming business periods (Velikorosov et al., 2020). However, companies have to take caution against possible risks that occur during corporate adventures trips. Some of the risks likely to occur during the all-expenses-paid fly-fishing adventures trip in Alaska promoted by the president of BlueNote, Inc. comprise natural calamities, misallocation of time. Other risks that may arise are misappropriation of funds, security and safety risks, and health risks. The firm must compute a plan to prevent these risks and control their adversity in case they occur.

Risk Assessment Form

Risk Event	Likelihood	Impact	Detection Difficulty	When
Natural calamities risk	2	16	0	For the duration of flights and when visiting the rivers
Unbalanced time allocation	5	5	3	When catching the flights and leaving the sites
Misappropriation of funds	1	4	4	Spending on personal leisure
Security and safety risks	3	16	5	During accommodation at the Dillingham hotel and taking meals
Health risks	5	5	3	During flights and site visitation

Risk Response Matrix

Risk event	Response	Contingency plan	Trigger	Who is Responsible
Natural calamities risks	Mitigate: Call off the adventure	Require employees to travel in separate boats	River guides cannot respond effectively to the calamity	Nature
Unbalanced time allocation	Mitigate: come up with alternative plans	Create a schedule for every activity	Employee not seen for thirty minutes	Eric
Misappropriation of funds	Release the reserve for emergencies	Provide employee with all amenities such as meals, shelter	No enough money for all activities planned	Richard
Security and safety risks	Mitigate: request the staff to return or evict the premises	Avail staff trackers	Staff cannot be traced	Maxwell
Health risks	Mitigate: Instantly deliver the casualties to a healthcare facility	Train on first aid measures	Lack of positive response after first aid	Change in the environment

Reference

Velikorosov, V. V., Filin, S. A., Genkin, E. V., Maksimov, M. I., Krasilnikova, M. A., & Rakauskiyene, O. G. (2020). HR systems as a new method for the automatization of business processes in organization. DEStech Transactions on Social Science, Education and Human Science, (ICPCS). Web.

More related papers