The second example is within the every day tasks for

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implement documents regulate its minimum pollution. The second example is within the every-day tasks. For example, employees should audit and inspection operations, or monitor and track actions to make them be corrective. The monitoring process is an especially important part of the business of Qantas, as the correct state ensure the safety of all the airlines. Qantas have extensive system for assessing risk that consider all parties involved, including employees, passengers, the environment and the whole society (Qantas, 2019). The company make sure the system can ensure potential risks can be prioritized and handled well. With carrier’s business all over the world, potential risks stem from the consumers of the target countries, the tax and GDP of countries, and the market condition of the
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countries (Ng& Loosemore, 2007). The business operation of Qantas caters to the specific conditions of the target market and this is way the company can come up with corresponding strategies to handle foreign exchange fluctuations and extensive R&D to ensure risks can be avoided. Fourthly, as a multinational company which engages in global airline business, Qantas never stops itself to spend money to reduce incidents and injuries. n enterprise-class safety management system was implemented to increase accountability and tracking. 2.2.2 General Internal Risks in Aviation Industry For companies in aviation industry, it is very easy to lose reputation when being recognized as an unsafety one. For example, neither the failure to update 'ageing' aircraft fleet or ignore safety problems will cause huge incidence and death. Additionally, unethical emissions of exhausted gas will also cause environmental issues, the company need to consider more on issues regarding environment (Qantas,2019). Being careless in monitoring system or a cheat on financial condition. As a global company which transfer people across countries, the processes concerns with the life of people and the real state of the properties of the company are crucial for Qantas to obtain trust and satisfaction from customers. 2.3 Risk Identification, Ranking and Prioritization External risks are hard to predict and manage. Any changes in laws and regulations might pose risks to companies in the affected industries. For example, carbon emissions regulations may change as they have in recent years, which will have a major impact on the aviation industry. The other is price of oil and rate risk. This risk describes the potential impact of exchange rate volatility, especially with companies operating globally. For Qantas, if the Australian dollar depreciates, the cost of overseas companies buying Australian exports is relatively low, so the profit margin will decline(Bissett, 2010).. A major external threat to BHP Billiton and the mining industry is to reduce costs while presenting security risks. When the monitoring measures are not done well or the safety system has problems, the passenger's life will
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be exposed to safety risks. However, the development of technology is affected by the development of airline industry. The use of advanced technology will affect the
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