The Risks Faced By The Accounting System Of A Company - 275 Words

The Risks Faced By The Accounting System Of A Company And The Ways To Mitigate Those Risks (Essay Sample) Content: THE RISKS FACED BY THE ACCOUNTING SYSTEM OF A COMPANY AND THE WAYS TO MITIGATE THOSE RISKSNAMEMARCH 2017IntroductionThe introduction of the digital or computerized accounting information systems in many financial institutions in recent years has been at the rise due to the great and many advantages which they posses which are known to be beneficial to the involved company. The migration from manual accounting systems which involved the use of books to keep the accounting records and also taking the sums using manual ways has been spearheaded by the heads of the companies in their quest to have swift and efficient accounting systems. The manual accounting books are prone to many errors which always could lead to loss of money and also which could be very difficult to detect ad correct at the same time. The manual accounting also is well known of the bulk of work involved in them. There are so many books which need to be kept so as to keep updated records and ensure tha t all the records of the transactions involved in all the activities of the company are recorded. The manual work of accounting systems were also subject to human errors like duplicate entries or a person could be tired and do the wrong entry or value in a given calculation which largely affected the final report which the company produced.It is due to these many short comings and negatives impacts of the manual accounting systems which has led to the introduction and the adoption of computerized accounting systems in the companies. These systems helped increase the bulk of work involved with the accounting work of a given company. They increased the efficiency of the work done by the manual accounting hence produced more accurate and reliable results to the users who use the accounting information to make decisions which affect the direct operations of that given company. Although the digital, computerized and modern accounting systems have many advantages, they are also prone to some risks and disadvantages which could be dangerous to the company. Therefore this article gives a brief summary of the risks involved in the accounting systems of the company and the ways to mitigate them or reduce their impacts. Risk identification is done and the possible ways which the company could use to ensure that the risks do not affect the company so much in a way that could be dangerous to the company.Risks and the ways to reduce them 1 Infection of the systems by computer virusesThe accounting systems of the given company are prone to the infection by computer virus which could affect the effectiveness of the systems. The computer malwares enter into the systems either intentionally by creation by the users or unintentionally from the internet. The viruses which affect the computers may lead to the corruption of the systems making the not to work as effective as they used to be. The viruses also may also lead to the loss of the data stored in the systems which may also lead to the loss of very important information to the company. In the worst cases these viruses and malwares may lead to the corruption and alteration of the whole systems which may call for the development other whole systems. The company should develop antivirus to check reduce the effects of the viruses on the systems of accounting. The systems should be well encrypted so as to make sure the systems are strong enough to resist and prevent the impacts brought about by the infection of viruses. The company should also sensitize the employees on the benefits of keeping the companys systems safe. Warn the employees on careless downloading of unprotected materials which could be viruses or malwares to the systems of the company. 2 The risk of unauthorized control and access to the accounting systemsThe accounting systems of the company face the risks of unauthorized access by other persons who are part of the users of the systems or who may be users of the systems but use them in a n egative manner. The unauthorized access to these files and systems may lead to the deletion of data by the persons who access the systems illegally. They may also alter the entries of the accounting books of the company which can easily lead to the wrong reporting, wrong implication ad finally the wrong decision taken by the management of the company which leads to a great negative impact in the long run or near future. These persons may also change the passwords of the systems making the true users not to be able to access their rights to the system well as required by the company. The persons may also used the companys accounting information in the wrong way in the sense that they may print the information and give out to the public or use it for criminal purposes. To ensure the company reduces the risks of unauthorized access, the accounting systems need to e update everyday and more protection done to the systems with the growing technology. Thorough check to the system by the administrators also need to done to ensure the systems are working effectively and also the sure to check whether the entries of the accounting files are true accurate before reporting to produce reliable and accurate results and may be the decisions to be made later by the management in developing the companys worth 3 The effect of natural calamities and disasters which may affect the systems physicallyNatural disasters are the unpredictable and uncertain future occurrences of nature which may not be under the control of humans i.e. are beyond the scope of human control and their effects cannot be quantified prior with accuracy and certainty. These occurrences and calamities include fire which may be started by individuals unintentionally or due to power systems failure which may not be caused by humans, floods which occur due to rains which is beyond human control, earthquakes are also involved in this category, storms and other natural disasters. The effects of these occurrences may not be to the systems directly but affect the hardware like the computers in which the systems are contained. For instance, fire which may lead to the burning down of the computers may lead to the loss of stored data in the computers discs or the any other hardware in which the data may be stored. The natural disasters whose impact may not be known prior to the occurrence, may lead to adverse effects or, the effect may be reduced. Damaging the hard ware may also lead to alteration of the systems also contain I the computers or discs. To reduce the impact of this risk of natural disasters, the company will need to have a complete back up of the systems elsewhere far from the premises where the operations of the company. These backup systems should be tested and deemed to be working hence, may provide a complete back up for the company in any case the original systems are affected by the natural disasters. To reduce the effects of fire, the company need to be having good fire co ntrol measures, installed fire extinguishers in all strategic parts of the company. These would help in reducing the effect of a fire in case it arises when people are at work. The company also needs to educate and sensitize its staff on the fire safety and control measures, and also being care in power handling to prevent causing any fire which might occur. These measures could help mitigate the risks brought by the natural disasters though there are a lot of uncertainties attached to them in terms of the timing of occurrence and the impact brought in case they occur and affect the company. 4 Lack of experience by new employees of the person appointed to be the administrator of the systemThe lack of knowhow, knowledge and expertise by new entrants to the company on the use and administration of the systems poses a great risk to the company. This lack of expertise may be lead to the incorrect use of the systems by the new entering employees which can largely affect the end result o f the accounting output and results. The administrators lack of expertise poses a great danger since he/she will not be able to protect the given system hence it will be easily corrupted by others malicious users outside the company. They are also not able to update the system as frequent as required risking the system to be outdated and very prone to the viruses which are developed new ones each day. The company should reduce the risk by continually training the new entering employees to the company on the use and protection of the systems from viruses. The company may also try to appoint the best competent and qualified personnel to be administrators of the system who have the ability to detect any malwares, unauthorized log in and be able to solve the issues with the necessary urgency. The company should also strive to keep their chief administrator of the system to avoid losing him which would lead to loopholes in the given accounting systems which store sensitive information t o the company. The company should also continually take their employees to a series of trainings on the use of the given systems to equip them with the necessary skills. These would help reduce this risk and hence a better company performance, reliable results and later best decisions to the company. Having qualified and competent staff to the company helps the company develop confidence ensuring good and better productivity of the company. The company should also do proper recruitment of employees which should help them in getting the best qualified staff who will be able to cope with the performance requirements of that given company including the handling of the accounting systems. This should be done in all departments not necessarily the accounting department since the users of the accounting information are many and accounting information is used across all the employees of the company. 5 The accounting systems of the company are also prone ...

The Insider Secret on Dissertation Help Discovered

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Which of the Following Topics Can Consistently Be Covered in a 5-Page Research

Which of the Following Topics Can Consistently Be Covered in a 5-Page Research?In request to decide if your examination is satisfactorily 'speedy' you should check what number of pages your exploration covers, how you can apply it inside the time allotment required and whether the examination is anything but difficult to peruse. A ten-page paper ought to have the option to cover one to two thoughts and it ought to be moderately straightforward for the reader.Once you have responded to these three inquiries you can check the paper for significance and quality of contention. For a significant research it should address addresses that most perusers would discover the need to gaze upward on the web. On the off chance that your exploration can be utilized in an article to advance a site or thought then it should be written in a manner that gives lucidity and usefulness.A ten page research ought to give at any rate 3 thoughts on the theme, a couple of realities and a solid contention. This exploration ought to contain a few or the entirety of the following:Which of the accompanying themes can sensibly be canvassed in a 5-page look into? Research is regularly assembled into explicit subjects, for example, the study of disease transmission, irresistible ailment, brain science, medication, phlebotomy, instruction, genomics and biotechnology.There are numerous questionable issues that make up a full-length investigate, these incorporate such themes as bioethics, hereditary qualities, medicinal services morals, the moral treatment of creatures, the study of crystal gazing, religion and science correspondence. They have each been secured previously and on the off chance that they have been looked into on inside and out, at that point they will have given the important data expected to legitimize any case you wish to make.Another of the exploration subjects that you can inquire about is which of the accompanying themes can sensibly be shrouded in a 5-page investigate. It's not as simple as it sounds to address this inquiry. It will clearly rely upon the theme to be secured, yet when all is said in done you should know about what you are investigating before you begin composing the research.To answer the main inquiry, the exploration will typically contain at least one articles as the center, albeit numerous scholastic research ventures contain various yields will in any case be viewed as an examination venture. How the paper is introduced is frequently very significant as it will be a piece of how the subject is seen by perusers and is regularly significant for the examination to have an elegantly composed article.Which of the accompanying points can sensibly be shrouded in a 5-page investigate? The last inquiry which is frequently posed before an exploration paper is delivered is whether the paper is anything but difficult to peruse, for certain reasons this is the most significant factor in the examination procedure.

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A Chance For A Fresh Bachelors Degree In Argumenative Essay Topics

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Good History Topics to Argue For Essay Before the 1600s

<h1>Good History Topics to Argue For Essay Before the 1600s</h1><p>The best history points to contend for article before the 1600s are those that managed the advancement of early Christianity and the difficulties looked by early church pioneers as they tried to make another and brought together religious on Jesus Christ. This incorporates themes, for example, the activities of early Christians towards ladies, the job of ladies in the congregation, the improvement of early church administration and pastorate. The historical backdrop of early Christianity is among the most significant realities about early Christianity.</p><p></p><p>Much of early Christianity managed the connection between the four Gospels, the Synoptic accounts and the Acts of the Apostles. How did the early church pioneers approach choosing which gospel to follow and which to disregard? These inquiries were significant for how they sorted out themselves and made their new con fidence. The writers of the four Synoptic accounts were picked in light of the fact that they are most popular for their composing style and their vision of early Christianity.</p><p></p><p>The Synoptic accounts are particularly significant in light of the manner in which they were sorted out and followed, regardless of whether quite a bit of early Christianity started with the compositions of Paul, who is frequently viewed as the primary writer of the four Synoptic accounts. The request for the books depended on the interpretations from the first Greek. They were orchestrated by writer, at that point in order, lastly in order by title.</p><p></p><p>The four Synoptic accounts are by all account not the only early Christian works that can be utilized to contend for article before the 1600s. There were additionally the Pauline epistles, the Epistles of St. Diminish, the Epistles of St. John, the letters of Paul, the letters of Clement of Alexandria, and the letters of Ignatius.</p><p></p><p>These are extremely significant while thinking about what the congregation resembled in the beginning periods of the congregation, and what it anticipated that its individuals should do. These journalists are increasingly compelling for contending for exposition before the 1600s in view of the manner in which they have been composed, the possibility of solidarity, and the manner in which they were structured.</p><p></p><p>The Epistles of St. Diminish and the Epistles of St. Paul were composed to concentrate on various pieces of early Christianity. They were composed to keep up the solidarity that was conceived out of the decree of the good news of Jesus Christ. They are likewise known for their figuring about average citizens in early Christianity and that the congregation needed to keep up unity.</p><p></p><p>The letter of Clement of Alexandria is significa nt in light of the fact that it concentrated on chapel pioneers just as the convictions of early Christians. It is significant in light of the fact that it is composed after the discontinuance of the rule of the primary Roman sovereign, Nicephorus II. It is known to have been composed by an individual from the early church, and is very reproachful of later church leaders.</p>

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How to Format a College Rhetorical Essay - Learning How to Format a College Rhetorical Essay

<h1>How to Format a College Rhetorical Essay - Learning How to Format a College Rhetorical Essay</h1><p>One of the inquiries I get posed to regularly is, 'The means by which to design a school explanatory exposition?' The essential configuration for school composing is exceptionally basic. What's not all that straightforward, or isn't even self-evident, is the place and how to discover all the data you have to compose the best paper possible.</p><p></p><p>The most significant piece of the exposition is the main passage. On the off chance that your first passage mentions to your perusers what you need them to know, you will probably have preferred outcomes over on the off chance that you don't give your peruser enough information.</p><p></p><p>For model, in the event that you are composing a school paper about rainbows, the main section should mention to the peruser what it is that the peruser needs to think about rainb ows. In this way, you may state something like, 'Rainbows are brilliant, translucent, elusive, and unavoidable.' That's it! Quite straightforward, right?</p><p></p><p>But imagine a scenario where you were composing a paper about an alternate subject. Indeed, the primary passage would be altogether different, as it would concentrate on why you were learning about that specific subject.</p><p></p><p>In different words, you might need to explain to the peruser why you are keen on something. This is the point at which you will most likely include your own enthusiasm for the sentence that follows the first paragraph.</p><p></p><p>After you incorporate your own advantage, you should make reference to something that makes you interesting from different understudies in the class. You can do this by saying something like, 'I am the just one in my group who is intrigued in...' This will place you in a higher respect among your classmates.</p><p></p><p>All of these models are acceptable approaches to design a school composing paper. Discover how to organize a school explanatory article, so you can build your scores on the SAT by up to four full points.</p>

Researching Diaspora Essay Topics

<h1>Researching Diaspora Essay Topics</h1><p>Students during the time spent composing their degree proposition or exposition are confronted with Diaspora article subjects. Themes are picked for this reason, commonly, in light of the region of the subject to be secured and the scholastic field to which the point belongs.</p><p></p><p>Typical instances of these exposition themes incorporate contemporary history, ladies' examinations, urban investigations, and universal examinations. The decisions that understudies cause will to change contingent upon their inclinations, foundation, and scholarly objectives. These subjects are additionally significant in light of the fact that the focal point of the thesis will directly affect the paper theme. These are significant variables to consider while picking an exposition topic.</p><p></p><p>Students are required to go to classes, take proficient improvement courses, and take par t in explore based course assignments. They are relied upon to compose however much as could be expected on the points that are given to them.</p><p></p><p>When understudies are taking a shot at their degree proposition or exposition, they are confronted with these sorts of paper subjects. It is just normal for them to feel a little overpowered by the entirety of the composing that they should do. Probably the least demanding approaches to manage this is to separate their theme into littler fragments. On the off chance that they can, they ought to do an increasingly cautious research and accumulate data about the point with the goal that they can compose a very much looked into essay.</p><p></p><p>This can be hard for understudies who are accustomed to going into a study hall and introducing their work in a wide range of fields. An understudy that has an exposition theme dependent on a specific nation might need to limit their point by nation. They might need to realize what is well known in different nations outside of their own before they expound on it. Simultaneously, they can find out about the country and expound on the occasions that influence that nation.</p><p></p><p>Students ought not be too worried about how they complete the exploration required for the point. They ought to be content recorded as a hard copy about the regions of their advantage. At the point when they settle on a theme, they should in any case be set up to fulfill time constraints and meet the desires for their teachers. They should likewise be agreeable that they won't be forced to do a specific measure of work.</p><p></p><p>By giving understudies the opportunity to investigate their inclinations, they will be bound to locate another viewpoint on a specific zone of study. On the off chance that an understudy is keen on political theory, the individual in question should peruse a portion of the political scholars and different researchers around there. By understanding more, they will acquire information about the field and increase knowledge on their own zone of interest.</p><p></p><p>Students ought to likewise stay focused on finishing their exploration exercises and undertakings. The objective isn't to surrender when the cutoff time is approaching. Or maybe, it is imperative to concentrate on finishing the essential errands, while as yet having a ton of fun while doing so.</p>

The Cotton Mill Was Extremely Hot Today - 1518 Words

The cotton mill was extremely hot today. Westley had been forced to work at this mill at the age of 5 and continues today. Westley was skinny and short with chestnut brown hair that covered his face. He had a short nose and eyes as brown as the River Thames. His boney face was dotted with freckles. He almost couldn’t believe that he had been working here for 10 long years. How had he lasted being the way he is? The conditions were horrible and he was treated like garbage but he could never leave. He would be stuck here in London his entire life. All he ever wanted to do was move to America and become a land owner but that would never happen. Everyday all he did was clean the cotton out of machines. His only hope in life was his friends,†¦show more content†¦Richard hadn’t said anything the entire time but he was more of a silent type and Westley knew that but he would like to talk with Rich some more. However, there was still a friendship there and as long as i t continued, Westley would never feel alone. ... Two months had passed and it had still been the same routine. Westley was just hoping that he could make it through the day when there was an earsplitting noise coming from the other end of the mill. He rushed to check. One of the machines had exploded and cotton was flying everywhere. The manager was running around frantically like a fox chasing after a rabbit and everyone else either stood horrified or ran out of the mill. One thought came to Westley’s mind: his friends! He didn’t know where they were or what had happened. All he knew is that both Thomas and Richard worked on machines. He started to run around frantically. â€Å"Thomas! Richard!† He shouted running through the mill. Then he saw it. Lying there on the floor was Thomas. Richard was on his knee pressing on Thomas’ chest. He inched forward terrified. Thomas was blue and he lay there stiffer than a log. Westley had just come up to Thomas when the manager, who almost no one knew anything about including his name, pushed him out of the way. The manager stared hitting Thomas’ chest until a look of sudden realization fell upon his face. â€Å"Breathed in too much cotton†¦ dead.† said the manager. â€Å"There has

Strategic Management Singapore International Airlines

Question: Discuss about theStrategic Managementfor Singapore International Airlines. Answer: Introduction In this paper, the ultimate aim is to key out the way SIA respond to the economic crisis was appropriate or not. Singapore International Airlines holds great name and fame in the Aviation Industry. It started its journey as a wholly owned subsidiary. The Airlines make use of the effective and promising strategies to gain a favorable response from their clientele. This particular airline puts in best efforts to satisfy and please the audiences by means of top-notch level of services. After going through the performance records of the Airlines, it can be understood that it has contributed well enough to make the customers accessible with the superior level of services and comfort (Sadler, 2003). Owing to this fact only, the SIA is the worlds best airlines and an icon of the Singapore nation. All these altogether adds on great growth and progress to the company and make it feel pride as well. After going through the way SIA respond to the economic crisis, the companys part seem to be very much hopeful and expectant. It supports the airlines to maintain its presence even at harsh conditions. The Executive Board and the Management of Singapore International Airlines take up a wise and active step to get over with the economic crisis time. Moreover, the organization has a wide-ranging approach towards the betterment of the community, customers, and preserving the ecological balance. SIA also acts as a responsible citizen that plays its part well and make the country grow and progress with its unending efforts (Jeffs, 2008). Vision SIAs vision is to mark a robust position and realize incessant growth in a globalized arena. At the same time, the airlines wish to maintain the productive and profitable levels. With this vision in mind, the company fly high and reach to its destined goal. It comes out to be the only way that allows an organization stand still even at such critical points. The way to deal with the unfavorable situation is highly admirable. Mission Mission statement state that it is committed to rendering air transportation services that too of supreme quality. Along with this, maximizing returns for the sake of benefitting its shareholders as well as employees. Core Competencies The company marked grip on the aviation industry and knows well to meet expectations of its audiences. This takes place by an effective use of the strategies and that leads to maintaining a competitive edge. For this, it unveiled such strategies that make it a pioneer in the industry. The perfect blend of digital and advertising platform for promotional campaigns leads to success. Along with this, it is well-versed in capturing attention from the part of the audiences by means of offering the unique combination of services that comprises of the entertainment packages together with the food and alcohol (Hitt, Ireland Koskisson, 2009). It receives support from the part of the government as the airlines are really well in its area. Subsidies back up the firm to raise the augmentation levels. Employees wide level support turn up as the biggest advantage for their company. After facing such an economic crisis, the companys members do not take a step back and even participate in the battle against it. It serves to be the biggest support and allow the company sustain its presence for a long-run (Haberberg Rieple, 2007). These core competencies are the assets for an organization to discharge its liabilities. SIAs response is really commendable and cannot be overlooked in any manner. This respective crisis gives the immense level of threat to the airlines operating in the Asian Region. But, then also, the initiatives taken at the part of the Singapore International Airlines is above all expectations. They announced a 2.5% reduction in flights capacity to the Southeast Asian Region. On the other hand, it raises the number of flights to the regions of Europe, US, and Australia. The promotional step also turns up as a boon for the company to gain trust at the part of the customers. Management and its forego for their increments is the most important area to face the crisis with unity and harmony. It shows their synchronization and the way they stand at such crisis time. With this, it can be understood that the company and its members put in best possible efforts to maintain its growth levels (Cole, 2003). This clearly communicates the way the organization and its team make perfect use of the strategic moves and flaunt its core competencies. In front of the contenders, the company maintain its positive image and standing and also taken as an inspiring instance for the other companies. The role played by the members of the company is up to the mark and reveal their sincere efforts. Strengths Strengths point out the areas that are powerful at the companys part. In a case of Singapore International Airlines, the company receives backup from the Government of Singapore. This aids the company to its business activities to meet customers needs and expectations. The Customer base is the satisfied one and develops trust and conviction in the company. Actually, from the long list of airlines, the passengers have an inclination towards SIA. It is the positive point for the airlines and that makes them the most preferred airlines company (Hill Jones, 2012). The good combination of premium and supreme services make the customer feel respectable for the company. Strong branding and effective ways considered to promoting its services for the valuable clientele. The company is one of the top airline brands as far as market capitalization and passengers carried are concerned. These are the possible strong points that allow an organization to grow and progress in the most successful manner (Saloner, Shepard Podolny, 2008). The best part of SIA is its caring employees and management team. These are the supporting pillars and contributed successfully at thins and thicks. Awards and recognition are also received for being an effective host to its customers. All around the globe, SIA has the leading presence and puts in regular attempts to make it ongoing. It becomes important enough to maintain growth and excellence levels to enjoy success and reputation in the respective industry. Weaknesses The weaknesses of SIA are a low scale of operations, an increase in a level of competition, and strong reliance on the international traffic. These serve to be the weak points and can cause trouble to the incessant level of performance of the airlines company. Low scale of operations state as to how the company is not able to maintain its operations to the higher level. This cause significant impact to its working and functioning. It becomes very much requisite to maintain the level of operations at such a scale that are highly competent and effective enough (Combe, 2006). An increase in a level of competition creates trouble in front of the company leading to financial issues. Market share growth is low and that indicate competition is high enough at the industry level. The Aviation Industry is vast enough and comprises of a good number of Airlines company. At this juncture, it is important enough to take in the most vital step to face the opposition and to make a move ahead. High level of dependency on the international traffic also poses threat in front of the company. It calls for an effective action to maintain the growth and productivity levels. There rests great necessity to make sure that the company has to think different in order to lower down its dependency on the international traffic (Ahlstrom Bruton, 2009). Opportunities The hand full of opportunities could allow the company to perk up its performance levels. At the same time, it would be able to take an advantage of the unfavorable aspects. SIA can control the first-rate Hub which it has produced in Singapore. This can turn out to be the biggest opportunity for the company to make other realize its strong presence. Moreover, it concentrates more on to grab highest possible attention from the part of the key audiences. Another important aspect would be to brand a fresh Fleet so as to improve customer confidence. For doing the same, it would consider such a team that is well-versed to communicate well with the customers. There rests great necessity to make sure that the customers expectations are met with utmost effectiveness (Hitt, Ireland Koskisson, 2006). By adding international destinations, it would be able to pull on its brand image. This would be a valuable step to mark presence at the industry level. Relationships with the suppliers should also be positive enough to extend and progress. The global level of tourism can also support the company to raise its number of flights and to lift up the revenues level. All these are the best possible ways to better up the working area and to gain highest possible returns at the part of the company (Grundy Brown, 2002). Threats The threats are intense competition, foreign currency fluctuation, and rising fuel costs. In Aviation Industry, the threat of heavy competition is very much experienced. This is the reason that the company has to be very much careful and conscious about the moves considered by it. Foreign currency fluctuations and the rising fuel costs are equally daunting at the part of the company (Thompson Martin, 2005). This mainly looks forward to understanding the way an organization can put off these threats to enjoy an incessant level of performance. It becomes equally important to have all the necessary preparations to downsize the level of threats. Moreover, the way organization responds to the economic crisis show the way it handles the dilemma with all hope and optimism. SIA has to consider all these threats and to plan out better ways to get over these level of threats (Heracleous, 2003). Appropriateness of SIAs Strategic Response After listing out the strengths, weaknesses, opportunities, and threats of the company, it can be very clear about potential carried by it. SIAs strategic response is the most admirable one to show the way balancing of the situation takes place effectively. The Economic crisis was really a pathetic situation and to gain control over is highly obligatory. It becomes equally important to make sure that the results drawn are hopeful for the companys future (Gottschalk, 2005). The reduction in the number of flights to the Southeast Asian region is really a hard step to follow. This is because the company incepted from the same region. The step put forward is the wisest one and shows the potential and caliber of its management team. All their assessments and calculations turn up right enough to deal with such a panic issue. The ultimate aim to stand still at this tough time and to maintain the presence in the industry is the crucial step (Drejer, 2002). SIAs strategic response is the best one to come out of this vicious circle. There is no doubt that it carries high risk and can cause damage to its profit levels. Then also, the Management and its team dare to go with this step and it come up as a huge success. Other than this, the company can also go with environmental scanning to figure out the competitors moves. It is the most requisite step just to deal with such inauspicious areas that could create a problem at the smooth functioning levels. SIAs response said to be the most effective one and make it possess noticeable presence amongst its stakeholders (Kenny, 2012). Conclusion Singapore International Airlines do not compromise with the situation rather faced it with courage and audacity. Behind this, the team of the company and the Executive Board are held liable. Their strategic moves allow the company to face such an economic crisis and to maintain the name and fame. From this, one can very well perceive that the management and strategy are perfectly aligned to realize such hopeful outcomes. In addition to this, the company is also able to share its presence in the industry and make customers feel happy and pleased enough. The strategic response seems to the vital one for SIA and allows it to gain back its revenues. References Ahlstrom, D. Bruton, G.D. (2009). International Management: Strategy and Culture in the Emerging World. Cengage Learning. Cole, A.G. (2003). Strategic Management. (2nd ed.). Cengage Learning EMEA. Combe, C. (2006). Introduction to E-business: Management and Strategy. Routledge. Drejer, A. (2002). Strategic Management and Core Competencies: Theory and Application. Greenwood Publishing Group. Gottschalk, P. (2005). Strategic Knowledge Management Technology. Idea Group Inc (IGI). Grundy, T. Brown, L. (2002). Strategic Project Management: Creating Organizational Breakthroughs. Cengage Learning EMEA. Haberberg, A. Rieple, A. (2007). Strategic Management: Theory and Application. Oxford University Press. Heracleous, L. (2003). Strategy and Organization: Realizing Strategic Management. Cambridge University Press. Hill, L.W.C. Jones, R.G. (2012). Strategic Management: An Integrated Approach. (10th ed.). Cengage Learning. Hitt, A.M., Ireland, D.R. Koskisson, E.R. (2009). Strategic Management: Competitiveness and Globalization: Cases. (8th ed.). Cengage Learning. Hitt, A.M., Ireland, D.R. Koskisson, E.R. (2006). Strategic Management: Concepts and Cases. (7th ed.). Cengage Learning. Jeffs, C. (2008). Strategic Management. SAGE. Kenny, G. (2012). Strategic Planning and Performance Management. Routledge. Sadler, P. (2003). Strategic Management. (2nd ed.). Kogan Page Publishers. Saloner, G., Shepard, A. Podolny, J. (2008). Strategic Management. John Wiley Sons. Thompson, J.L. Martin, F. (2005). Strategic Management: Awareness and Change. Cengage Learning EMEA.