This information is necessary to understand the size of the market, the level of competition and customer’s needs. The main aim of this process is to gain competitive advantage. The company should collect information relating to the size of the potential markets, the demographic factors of the customers from various markets so as to ascertain whether they can meet their needs. In addition, the airline should also collect information on the level of competitiveness of the various markets to ensure they employ the best entry strategies to get recognition as well as to remain relevant in the markets. FlyDubai undertakes its market research by inviting route proposals from airports that are within their areas of operations through its Route Exchange platform.
Preparing a strategic report could help companies foresee current year earnings and run a wider image of shareholder value creation in their annual reports (Hawsons, 2015). The review should be well-adjusted and complete, to the extent needed for an understanding of the progress and performance of the business, include analysis using Key Performance Indicators. This essay will discuss the usefulness of a strategic report to various users of the annual report of a company. It will first consider the users of the annual report and the use of the annual report to them, it will then go on to critically describe the usefulness of the strategic report to users and thereby linking them with examples from the Strategic report section of the 2015 Annual Report of Marks & Spencer and
By collecting this data we will be able to see how many missing payments customers reach out to about per month. This data will also allow us to break down the data by line of business so we can separate business customers from standalone customers. The data will also provide insight into which offices are opening the tickets on behalf of customers. Another key piece of information that we be able to get from this data is the length of time that it takes a back office representative to complete a ticket once they actually begin working on a ticket. This time period is called the life cycle of a ticket.
7) Many professional investors might want to invest in Air Canada stocks because it is possible to grow. Air Canada has a long-term plan to improve its cost structure, deleverage, and grow revenues/margins, this could double the price of shares over the next year. Analysts at TD Bank and RBC have price target of $17-$21 on the stock. Investing in Air Canada is a long-term investment and the growth will not be seen in near future because changing the cost structure is not a short-term change and need a lot of patient.
There is a lot of time and money put into each and every aircraft that is built. So, although Southwest Airlines gets new regularly, aircrafts are simply something that cannot be mass produced. The second of those bring discounts of bulk purchases of raw material inputs and component parts. (Hill, Schilling, & Jones, 2017) This is a huge advantage to Southwest as there are copious amounts of products that go into making an aircraft.
Consequently, Ryanair in order to efficiently handle thousands of passengers daily it is necessary to use highly standardised services (Barnes, 2008, p.189). Additionally, Ryanair chooses to operate mass services process aiming to achieve economies of scale in order to maximise the margins. Figure 1 – The Service Process
This is type of information gathering is being used by all kinds of big corporations, like the health industry, transportation, Logistics and others. This information is of great use to companies to see trends on their spending habits and even costumer contributions to the organization. Data mining example can be an Airline company, they can use data mingling to determine, things like how many costumers cancel flights, their age group and how much is the Airline Company spending to re book this eats. This information can be utilized later for Airline companies to concentrate their advertisement and budget in the correct place thus saving them money with this information. The ability to precisely gage customer response to changes in business rules is a powerful competitive advantage for any big
For inbound travelers, an airport contributes to their first impression of a city or country, and for outbound travel, particularly on short-haul journeys, passengers may spend as much, or even more, time at the airport as they do in the air. Figure 5 Aviation value chain analysis 1.2. Airport Business Models A business model describes the rationale of how an organization creates, delivers, and captures value. It is critical that
For the customer metric, they measure the annual number of new customers, annual proportion of on-time flights to total flights, and customer satisfaction survey. The annual number of new customers is being measured because an increase in the number of customers can give the company an idea about their future and potential growth in the market. This also gives an idea about the customer satisfaction. The annual proportion of on-time flights to total flights is the basic indicator for airlines. Even if the company has a low-fare image, if their flights are late, customers still doesn’t prefer it.
Technology is advancing year after year in society. It benefits our community in daily life. Mainly, science fiction novels are a reflection of the useful technology that we use each day. This is the case in The Giver, by Louis Lowry. In this science fiction novel, technology is used each second of every day to help protect the community.
TASK 3 Q3 (a): Gather and document the MIS requirements. Requirements Airbooking.com is a web based system intended to increase the efficiency and reduce drawbacks found in the existing systems. Our system will not just book the tickets but also uses a number of tools in scheduling the flights, based on customer demands.
Network monitoring now is limited because of the number of servers it takes to deal with the large influx of router data. Router manufacturers have been attempting to combat this by adding counters to the routers that report on the number of data packets a router has processed during some time interval, but adding counters for every special task would be impractical and put more stress on servers since they would need thousands more to process the flood of data coming in. To combat this a system called Marple was created by researchers at MIT, Cisco Systems, and Barefoot Networks(Hardesty). Marple involves a programming language the allows network operators to specify a wide range of network-monitoring tasks and a small set of simple circuit elements that can execute any function specified in the language.
Summarize the employment-at-will doctrine discussed in the text and then evaluate three (3) of the six (6) scenarios described. The employment-at-will doctrine is a legal rule that allows employers to fire employees for any or no reason at all. According to the text this legal rule developed in the nineteenth, providing theoretic support for employment-at-will doctrine. The economic philosophy is mainly based on the legal foundation of freedom of contract. The philosophy is based on the idea that people have the right to dispose of everything they own including employees and the intended contractual promises they made is legitimately enforceable.