Risk Management

Subject Code:

THE301A

Subject Aim:

In order to maximise safety in the tourism, hospitality and event industries, one management skill that is essential to acquire is the ability to manage risk.

Whether on an excursion, dining or attending an event, there are many elements of risk that need to be managed within and across the tourism, hospitality and event (THE) industries. For all organisations within these industries, it is important to systematically identify and monitor the possible risks that may arise for employees, investors, guests or anyone else involved.

This subject introduces relevant theoretical concepts to understand risk management within these different industries. It will also aim to provide a basis for future managers to understand and reduce the risks involved in whatever their chosen THE field.

Learning Outcomes:

a) Reflect upon the place and importance of risk to the industries.

b) Review different risk management practices within the industries.

c) Critique the application of risk management best practices to the industries.

d) Recommend which strategies help improve the effectiveness and efficiency of risk management within the industries.

Student Assessment:

(G)* = Group Assessment