Strategy Effectiveness
One of the raging questions that accompany the exponential success of Emirates Airlines from being a two aircraft fleet company to an international leader in the airline industry is how the company managed to achieve its objectives. For any company to be able to achieve objectives and drive success in its industry, it is important for the company to implement effective strategies.
For any organization to be able to strategize efficiently, it needs to be aware of the factors that affect its performance. One of the major strategies that Emirates Airlines applies is the high quality strategy. Through consistent quality, the organization has been able to retain customers and today it has about 17 million members. Emirates
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When airline companies strategize and set objectives, they make sure to put the customer at the centre to help increase profit and share in the market. Furthermore, focusing on the customer increases customer loyalty and thus generates repeat business.
Excellent Leadership
A quality management system helps the organization in achieving its target and also in making sure that the company is reaching all organizational goals by unifying the management and employees in one direction. When employees understand the goals of the organization, they stay motivated and thus contribute towards the goal of the organization.
Team Spirit
Emirates Airlines’ creative and innovative approaches is one of the many results that its team has helped the company achieve. Employees are involved in the decision making process at all levels which boosts company morale and helps the firm achieve excellence.
Process Approach
When the process of carrying out activities in an organization is easy to manage, the success of its objectives is evident. With a smoother process in place, Emirates can shorten the time of its current activities, reducing costs, etc.
Systematic Management
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The confirmation of the quality of service offered by Emirates Airlines is in the awards that is has won day every year since the inception of the in flight entertainment system. The in flight entertainment system offered by Emirates – ICE stands for Information, Communication and Entertainment. The customers can view news, send or receive e-mails, and view movies, listen to music & play video games via the information, communication and entertainment channels respectively.
On Ground Services
Lounges
Emirates Airlines offers Lounging facilities to its First and Business Class customers and Skywards Gold and Platinum members in 32 cities across. Emirates Skywards is the customer loyalty program run by Emirates for frequent flyers. Skywards Silver members can use these lounges but only at Dubai Airport. Furthermore, if an airport does not have Emirates Lounge, the First and Business Class Members and Gold and Platinum Skywards members can access a third party departure lounge.
Chauffer Drives
Emirates Airlines offers complimentary chauffer driven airport transfer services to its first and business class passengers. The service is operative in more than 60 countries and the cars that have been used are luxury cars like Volvo V70, Mercedes Benz E-Class, and BMW 5 Series. The kind of car being driven depends on the location and service provider with whom a contract has been signed
Strategy means the approach, plan and knowledge that is used to move in the direction that will allow the company to satisfy the customer’s wants and needs, and obtain their goal, while reaching and maintaining an economical benefit over the competition (Defining Your Business Strategy, 2016). It can further be defined as a means of evaluating at what success level they are currently sustaining, and what success level they desire to obtain and the means they will need to use to get to their desired level (Bryson p. 11). A practical understanding of the value that strategy brings to an organization, is the course that the company is to take and the positioning that the company has for the future, and very possibly survival in a very competitive
The quality is being maintained, and new features and services are continually being added in order to further expand their brand and company. They promote to a wide audience, and gain community and corporate support which allows them to continue to grow and expand (QuickMBA,
Assignment #1 Introduction Air Canada was established in 1937, provides scheduled and charter air transport for passengers and cargo to 182 destinations worldwide. It is the largest airline of Canada by fleet size and passengers carried. Air Canada is governed by an eleven-member Board of Directors committed to meeting high standards of corporate governance in all aspects of the Corporation’s affairs. Our Mission – “Connecting Canada and the World” Our Vision – “Building loyalty through passion and innovation” PESTEL Analysis: Political Factors: "The 'Open Skies Agreement ' between governments of US and Canada in March 2007 came into action as it liberalized the air transportation services.
Answer: (a): Market segmentation is the first step in defining and selecting a target market to pursue and penetrate. Basically, market segmentation is the process of splitting up an overall market into two or more groups/classes of consumers. Each group of consumers is called as a market segment. Each group (or market segment) should be similar in terms of certain characteristics or product/ service needs. In business world, market segmentation is considered to be a most important tool in enabling marketers to better meet customer needs and requirements.
Besides the issue mentioned above, the team from the airline were not able to build a relationship with outsourced suppliers. Finding a solution to the issues in pursuing multiple vendor sourcing strategies, the airline centralized IT department. This did not end there because the procedure of collecting information on IT needs and passing to IT for implementation was done in the same way for both local and spanned different branches IT requirements. This has caused the IT to work slowly in implementation and they were unable to respond according to the real business needs that were collected by the business
1.0. INTRODUCTION Every organization strives to benefit from creating value for its customers, in the most effective way, for the purpose of attaining competitive advantage in the business environment in which they operate. Philip Kotler(2015) defines marketing as “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit”. According to Hollensen (2003), a strategy is a fundamental pattern of present and planned objectives…”
However, the company will have to prioritize their strategy and concentrate on a few important issues. The company should prioritize on progressively taping into market areas that remain untapped. The company has concentrated on offering cheaper fares in routes where its competitors charge high fares. However, they need to branch out their operating areas to sustain their brand for a longer time.
External Environment Industry Analysis The goal of the industry analysis is to recognize the external environmental factors which have potential impact on the industry. The first part gives an idea about the airline industry profile. Airline industry, in the last decade, has been growing strongly at 7% per year for both through tourism and businesses divisions and is one of the most competitive, globally, contributing to economic growth, trade, investment and tourism.
Delta created its separate subsidiary in response to competitive threat of low-cost airlines. In addition, its subsidiary used pilots of its parent airline with independent decision-making authority. Does song have an effective strategy? Evaluate strategies by using three tests of effectiveness? Low-cost airline: Faster growth of low-cost aviation industry with homogenous service makes this industry fragmented across the United States.
One of the fundamental points of interest of the balanced scorecard is capacity for representatives and supervisors to see the relationship between their own execution assessment and money related measures identified with the authoritative objectives. Activity based costing system: To be fruitful in business operations, each organization needs to synchronize its exercises and forms with the corporate statement of purpose, being steady in conveying the item. Southwest Airlines advances itself as an on-time, ease supplier of air travel, conveying the guaranteed essential services to the clients. Organization successfully adjusts its authoritative structure and every single related operation on giving these purchaser services on the reported mission and objectives. Therefore, Southwest Airlines is the best minimal effort supplier of air travel in the United States.
One of their key strategies in meeting this goal is a focus on customer service in order to create an experience for its consumers. Another one of their strategies is to ignite their emotional attachment with consumers. They also have
Today, the company has hundreds of employees in scores of branches in Pakistan as well as abroad. Sheer hard work, dedication
1.0 Introduction to Strategic Management Strategic management practices the formation; achievement and reaching the major objectives executed by the management of the company, by considering the capital and a task of the internal and external environments in which the company wishes to compete. 1.1 Introduction to Singapore Airlines Singapore Airlines (SIA) is established in year 1972 with remarkable performance among its competitors in the industry throughout its 35-year-long history till date (Heracleous & Wirtz, 2009). According to Singapore Airlines (2014), SIA is one of the youngest aircraft fleets worldwide to destinations crossing a network of more six continents, with its iconic Singapore Girl providing excellent standard of service to customers. Throughout the years of operations, SIA has an impressive ever-growing list of industry 's leading innovations such as offering free headsets along with a choice of meals and drinks in Economy Class in the 1970s, followed by introducing satellite based in-flight telephones in year 1991, involving an ample panel of renowned chefs, the International Culinary Panel, to provide lush in-flight meals in year 1998, developing audio and video on demand (AVOD) capabilities on KrisWorld in year 2001, and lastly flying the airbus of A380 from Singapore to Sydney on 25 October 2007 (Singapore Airlines, 2014).
Customer loyalty is one of the most important and critical factors for a company's success. Customer loyalty happens when customers have a great experience, and it leads to many benefits: loyal customers return for future business, refer friends and family to a business, and spread positive comments about a company through word-of-mouth advertising. With social media and the ease of rating companies. There are several factors that can influence customer loyalty. First the place and product, which means how easy is it for customer to access the place, Second is promotion There are many ways to promote the business, from pricing specials to free gift with purchase.
The company exports its vehicles to over 120 countries across the globe. The company aims at providing the best technology and performance driven cars to the Indian middle class segment at an affording prize. The company also commits to safety to provide safer ride on the Indian roads. The company has a Workforce of 12,500 employees and a service network