Case Study: Precision Air
Company Profile & Background
Precision Air Services PLC
Precision air is a Tanzanian airline based at Julius Nyerere International Airport in Dar Es Salaam, Tanzania with a minihub at Mwanza Airport. It was founded by Michael Shirima who serves as chairman of the company.
The company is listed on the Dar Es Salaam stock exchange and is operated under the name Precision AIR; DSE:PAL. Precision air was privately owned until 2003, when Kenya airways bought a 49% share, Paying US $2 million. In 2011 the company decided to float its shares on the Dar Es Salaam stock exchange in its initial public offering, after which the shares of Michael Shirima and Kenya airways declined allowing the new shareholders owning 15.86% of the company.
Precision air
…show more content…
The airline industry has a medium substitute risk level. There are substitutes in the airline industry as consumers can choose different forms of transportation such as bus, car, train or boat to get to their destination, however there is a cost to switch from. Whereas airline tickets may be expensive considered to other means of transport, you have to take into consideration the most important cost which is time. When it comes to time, convenience and service – airplanes are the best way to travel. Consumers sometimes do chose other means of transport when their destination is not very far which raises the …show more content…
The business has to make sure that all the staff are given the appropriate training in their required fields E.G baggage handling training, in flight training, Pilot training safety training etc. In Precision airways case this is all offered by an external organization which specializes in training people in the airline industry and it is called Swissport Tanzania Training Center.
Technology Development - Technology development is to do with the systems that the firm uses in order to make its primary activities easier and more efficient. The firm looks at minimizing the workload and make it easily accessible and efficient in carrying out day to day tasks E.G computer reservation systems, baggage tracking systems, flight scheduling systems etc.
Procurement - Procurement is the department that is responsible for sourcing raw materials for the company for the best available price taking into consideration the best quality available also. E.G warehousing for airline materials/inventory
Nt1330 Unit 2 Health And Social Care
103 Words | 1 Pages- working with working staff to set up strategies, models and frameworks. - Setting client administration measures & assuring that the current standards satisfy the customers & helps retaining them. • Coordinating with the workers themselves can help effectively in setting appropriate models for the procedures & systems because they are the ones who interact directly with raw materials and producing the products, so they would know better if anything in manufacturing needs improvement or so. • It is important to satisfy the current customers in different possible ways in order to retain them which eventually leads in attracting more customers as well.
Which Leadership Model Do You Recommend Robin To Employ? Why Would It Be Most Effective?
1092 Words | 5 PagesPerformance objectives? Strategies? Action Steps for
Summary Of Alaska Air's Six Sigma Framework
2023 Words | 9 PagesThe company uses the Six Sigma framework. Alaska Air’s Success story is that with the use of Lean Six Sigma at the end of the first year they were able to achieve a 20 minutes wait for baggage compared to the original 45 minutes wait. Second, the rate of missing bags and flight cancellation decreased. Third, they became the number 1 on time airline in the United States (2012) and consistent rated in being in the top 3 three years later. Today, they have the lowest complaint rate (0.5 per 100,000 passengers).
United Airlines Market Segmentation
1027 Words | 5 PagesAnswer: (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.
Nikon Value Chain Analysis
1035 Words | 5 PagesThey also offer training programs to improve their skills and prepare mentally and physically for their responsibilities in the company. Technological Development With the company’s vision of “Meeting needs. Exceeding expectations. ” This means that the response data and Nikon in its core technology center for the collection, research and development.
Tesco Training Case Study
1007 Words | 5 PagesTRAINING: DEVELOPMENT: Training is the acquisition of knowledge, skills and competencies as a result of teaching. Training is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Development teaches how to become more productive and effective at work and at the company. Since Tesco aims to expand and diversify, that required the business to select the right people, in the right place, because customers’ needs and wants are different and the culture of each area varies. Tesco need to have flexible employee who are able to adapt the change in order to satisfy the customer.
Porter's 5 Forces
1482 Words | 6 PagesThe Indonesian Mattress and bedding industry will be analyzed using the Porter’s 5 forces model: Porter five forces that determines an industry’s competitiveness (Porter, 1979), which will give an indication of how the industry affects DAP. The five forces are the “Bargaining Power of Suppliers, threat of new entrants, threat of substitute, bargaining power of buyers, and the industry’s rivalry. Threat of Substitute products or services: Low As a mattress manufacturer, DAP supplies Spring Bed Mattresses, Box Spring Mattresses, Memory Foam Mattresses (Tempur-Pedic) and Latex Mattresses.
Jetblue Airways Swot Analysis Essay
801 Words | 4 PagesExecutive Summary JetBlue Airways is a company that applies innovative technologies to offer high quality travel services at a lower cost (Shrivastava, 2012). A SWOT analysis of JetBlue airlines shows that despite the numerous opportunities and strengths it has, it is exposed to threats and weaknesses that pose challenges in its operations. The threats include issues like strong competition from other airlines and the volatility of the fuel prices. JetBlue Airlines is relatively new to the market when compared to its major competitors such as the Southwest and Delta Airlines. Most of its strategies have worked to its benefit.
Virgin Atlantic Competitor Analysis
1025 Words | 5 PagesThreat of substitutes “The threat of substitutes for Virgin Atlantic is low in the developed countries where people mainly use airlines for both short and long distance travel”. “Virgin has a high group of substitutes. Leading substitutes include innovative products such as IPhones, Blackberries, Times Warner Productions, and Google products. Some of these substitutes products prices are lower, creating buyers to face few high switching costs”. On the other hand, in the developing world, there are threats of different modes of transport for example train.
Holiday Inn: Porter's Five Forces Of Industry
1384 Words | 6 PagesSocial Growing competition and capacity amongst airlines, lower air fares and more relaxed travel restrictions in many regions have made international travel a viable option for an increasing number of people coming to
Business Strategy Case Study: Delta Airlines
742 Words | 3 Pages• Threat of substitute goods: Threat of substitute good is high in this industry. If a private company or government introduces any fast road transportation services in the United States, then traveling through airline can reduce. Air travel is somehow costlier than road transport. If the same kind of leisure will be provided in public transport with greater speed, then the share of airline industry can decline. This threat can be reduced if their products offer more value than other substitute
Strategic Management: Strategies, Deliberate Or Emergent
3600 Words | 15 PagesWith a rise in fuel prices and environmental factors (such as terrorist threats) reducing air travel, airlines continue to struggle. In union environments, where staff (like pilots and flight attendance) is heavily unionized, the industry has not been able to cut their labor costs. New low-cost industry entrants are adding to the pressure the traditional
Stakeholder Analysis Of Uniqlo
730 Words | 3 PagesStakeholder define as a person, group or organization that has interest or concern in an organization. Some examples of key stakeholders are shareholders, employee, suppliers, customers and government. Not all stakeholders are equal. A company 's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company 's employees.
SWOT Analysis Of Flydubai: Low Fist Airlines
1467 Words | 6 PagesFor instance, with the global financial crisis and later the Eurozone crisis, the number of travellers has significantly reduced due to economic hardships. This has affected the profit levels of the airline as well as slowed down its growth prospects. The airline also faces intense competition from other low cost airlines forcing it to extensively invest in product differentiation to counter the competition. This is an expensive
Pet Food Marketing Plan
2648 Words | 11 PagesTable of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)
More about Case Study: Precision Air
Nt1330 Unit 2 Health And Social Care
103 Words | 1 PagesWhich Leadership Model Do You Recommend Robin To Employ? Why Would It Be Most Effective?
1092 Words | 5 PagesSummary Of Alaska Air's Six Sigma Framework
2023 Words | 9 PagesUnited Airlines Market Segmentation
1027 Words | 5 PagesNikon Value Chain Analysis
1035 Words | 5 PagesTesco Training Case Study
1007 Words | 5 PagesPorter's 5 Forces
1482 Words | 6 PagesJetblue Airways Swot Analysis Essay
801 Words | 4 PagesVirgin Atlantic Competitor Analysis
1025 Words | 5 PagesHoliday Inn: Porter's Five Forces Of Industry
1384 Words | 6 PagesBusiness Strategy Case Study: Delta Airlines
742 Words | 3 PagesStrategic Management: Strategies, Deliberate Or Emergent
3600 Words | 15 PagesStakeholder Analysis Of Uniqlo
730 Words | 3 PagesSWOT Analysis Of Flydubai: Low Fist Airlines
1467 Words | 6 PagesPet Food Marketing Plan
2648 Words | 11 Pages