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

Global operation and attempt management of Qinetiq Group plc 01303 - Essay ExampleThe keep company holds a blood line portfolio of military weapons and systems within mode of travelling 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 handout 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 assessment of performance and risk management due to its declining performance over last three years. Also the assessment of risk and risk management performance of the company will be reviewed.Organic-plus strategy drives QinetiQs with considering customers, people, innovation and productivity as core drivers (QinetiQ, 2014). Reported below fiscal trends of key indicators depicts continuous dec line 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 gracious sector (ASD, 2013). While, the information graphic report of Deloitte (2014), maintained that there will be decline in the Defense sectors revenue magical spell and increase in commercial sector is forecasted for future. It is anticipated that by 2023, commercial production level of aircrafts will witness 25% growth (Deloitte, 2014). CSC, however prodigy 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 Brobdingnagian 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 QinetiQ are United technologies corp. and Boeing Co (Morning Star, 2015). However,