Global operation and risk management of Qinetiq Group plc 01303 Essay - 1

Global operation and risk precaution of Qi lowestiq Group plc 01303 - Essay ExampleThe company holds a business portfolio of war machine weapons and systems within mode of traveling including land, air and sea (QinetiQ, 2015b). According to QinetiQ (2014), the revenue of the company has been decreasing since 2011 such as 10.3% to m 1191.4 and with net loss of m12.7 in 2014. The reason is reduction in the expenditure of UK on defence equipment by 20% from 2007 and also other parts of the world (Clancy, 2014).Global company has major share in UK and USA. QinetiQ is considered for the discernment of performance and risk management due to its declining performance over last three years. Also the sound judgement of risk and risk management performance of the company will be reviewed.Organic-plus strategy drives QinetiQs with considering customers, people, universe and productivity as core drivers (QinetiQ, 2014). Reported below financial trends of key indicators depicts continuous step-down in performance (QinetiQ , 2014)The industry added value to the Europe via achieving turnover of 197.3 billion Euro in 2013 with the growth rate of 5.6% from military and civil empyrean (ASD, 2013). While, the information graphic report of Deloitte (2014), maintained that there will be decline in the Defense sectors revenue while and increase in commercial sector is forecasted for future. It is anticipated that by 2023, commercial production direct of aircrafts will witness 25% growth (Deloitte, 2014). CSC, provided forecasting challenges and only moderate growth near in the future (CSC, 2015).As depicted by the industry trends discussed above, the industry is highly flourished and developed with huge industry players base that fierce the competition level of the industry. Being the 6th largest in UK and operating in global environment the company possess a huge base of competitors including local and global players. According to Morningstar, direct competitors of Qineti Q are United technologies corp. and Boeing Co (Morning Star, 2015). However,