According to Walumbwa et al. (2010) focusing on a moderator the existing knowledge based of PsyCap will increase. Therefore the second objective highlights the importance of combining contextual factors by increasing the practical usage of PsyCap in enhancing Finance performance. The final objective of this study is to explore whether leaders PsyCap effects of followers PsyCap on their performance. This objective is focused on filling the existing gap in the literature regarding whether leadership affects followers’ positivity on their performance.
Employees’ output is subpar and does not conform to the expected or stipulated levels. This has adverse effects on downstream automakers because they must contend with delays in the supply of side mirrors. It also results in missed deadlines, which erodes customers’ confidence in the organization. Sluggishness among employees also results in a general rise in overheads (Beer & Collins, 2008). For example, the organization must airlift completed parts to customers to shorten delivery times in the face of production delays.
It is impossible to accurately calculate the economic effect of AI. Some researchers argue that the development of AI and automation wil jeopardize skilled and semi- skilled workers and skew the middle class. What matters the most is that as the technology changes and so will each profession and the employees will have to adjust to the new settings. This means that education will have to be very flexible in order to adjust quickly and to teach more effectively. It will highlight the lifelong learning and use of online learning.
WestJet was able to remain successful amidst stiff competition from other airlines, a factor that led to other airlines trying to mimic WestJet’s culture and operations. Close competitors trying to copy WestJet’s culture would threaten their market, but Beddoe made it clear that it was impossible for the other companies to adopt their culture. Beddoe explained that it was doubtful for a company with many employees to change the mentality of everyone. From Beddoe’s statements, it is evident that the companies would have recorded lower performances due to interruptions as the companies try to adopt a new culture. The leadership of such companies would require diverting scarce resources into the culture change program.
There is a risk to the productivity-based incentive system, due to Ryanair need to hire more employees. Other than that, Irish Aviation Authority (IAA) will oversee the safety aspects. That means government provided full security system to the Ryanair. However, the tightened security system could increase operating costs whereby it will incur regular activities of monitoring and maintenance. If Ryanair fails to fulfill the criteria of the security system, Ryanair may fail to get a Certificate of Airworthiness so they can 't run their business.
It notes that stiff competition can reduce the potential profit of like companies. Firms must determine the strategy that will be utilized to gain and maintain the upper hand in the industry, as it relates to price, marketing, competition and the introduction of new and innovative products into the market. The more a company senses competition the intensity of its strategy may increase as it does not only respond to other firms, but also to the industry as a whole. It is natural for firms to respond to competitive moves made by its rival as it will have an effect albeit positive or negative on the industry. Firms may be forced to supply the demands for cheaper but more reliable products or to create differentiated products to maintain the competitive
According to Adamkasi (2016) airline industry has affected negatively by increased security measures especially with the 9/11 occurrence. “The terrorist attacks known by their date, September 11, led to a global recession, with the depression of the consumers”. Economic Analysis Economic analysis addresses a number of factors that influence the entire economy. However, some of the factors of economic are the rate of inflation, unemployment rate, exchange rate the price of goods and services, the rate of interest that is charged on capital and investments, foreign exchange rate and economic growth and development. However, research has indicated that Virgin Atlantic has encountered stiff competition from other companies in the industry, for instance, they were once forced to lower the rate of their flight which follows a review of prices for air travels by their major competitors which include British Airways, Fly emirates, and Qatar Airways.
One explanation appeals to be behavioral traits; the managers acquiring firms may be driven by overconfidence in their ability to run the target firm better than its existing management. This may well be so, but we should not dismiss more charitable explanations. For example, Firms can enter a market either by building a new plant or by buying existing business. If the market is not growing, it makes more sense for the firm to expand by acquisition. Hence, when it announces the acquisition, firm value may drop simply because investors conclude that the market is no longer growing.
Sustainability has become more and more important to the business and the community, the needs of sustainability reporting have been increased also. John Elkington coined an accounting framework in 1997, which called triple bottom line reporting (Vivian 2012). Generating profit is the traditional goal of the business, with triple bottom line reporting, the business not only need to present the economic value of the company, but also the environmental and societal issues (Timothy and Hall 2011). In order to comply with the community expectation, the company should use the most relevant and common indicators, such as Global Reporting Initiative, to provide a good triple bottom line reporting to the public, because it is easier for them to compare
However, in the research of the Big Five personality factors, openness to experience is one important part of the model and stands for “creativity, unconventionality and broad-mindedness” (Barrick, Mount, & Judge; 2001). Applying this to the context of organizational change, Miller, Johnson and Grau (1994: 60) consider openness to be a “necessary, initial condition for successful planned change. Wanberg and Banas (2000: 135) state that openness is the “willingness to accommodate or accept the specific changes” and that it plays a critical role in influencing an employee’s readiness for change and therefore conclude that employees struggling to accept change show higher work irritation, are more likely to quit and are less satisfied with their