The aim of the assignment is to conduct evaluate a project based on a time framework of six months in order to take the business working on next level as HR advisor. The aim of the paper is to conduct a situation analysis of Virgin Atlantic in regards of PESTLE and SWOT analysis to evaluate the internal and external factor that affect the working and business of the company. It highlights the aims and objectives of the project that are meant to be achieved by the end of the complete project. It further intent to conduct a risk assessment and propose a project plan to help the HR of the company achieve their proposed aims and objectives. In addition, it tends to evaluate different creative thinking and team building strategies to help the organisation …show more content…
It is important for the company working in the current market place to conduct a situation analysis based on different models like PESTLE, STEEPLE, SWOT and other so is to reduce the risk of any potential harm. Moreover, in case of Virgin Atlantic, it is important for the HR of the company to conduct internal and external analysis especially in regards of international market to avoid any risk in organisation’s operations (Bratton & Gold, 2012). Pestle Analysis It is important for situation analysis to highlight the external factors that directly or indirectly affect the working of the company. PESTLE analysis is based on political, environmental, social, technological, legal and economic factors that affect the working of the company. In case of Virgin Atlantic, it is important for the airline company to evaluate the political, technological and legal factors in detail in order to formulate their internal strategies accordingly in order to avoid any potential damage of the assets of the company (Kerzner, 2013). Table 1 PESTLE …show more content…
It can be said that managers and HR professionals highlight various aims and objectives for the organisation to follow. These objectives are based on specific, measureable, actionable, relevant and timely. These five factors help the managers to specifically classify their objectives to accomplish in regards of a limited time framework. For instance, an organisation aims to hire a number of employees in a span of six months; SMART objective model will help the company to develop sub goals in order to increase the efficiency of their working goals (Jiang, et al.,
Situation Analysis A situational analysis is a thorough review of internal and external factors affecting an organization (Lorette, n.d.). The analysis allows an organization to have a better understanding of the factors that will influence its future. The following information is an overview of the staffing and recruiting industry, the history of the StilSim Staffing Company and an overview of the current situation of StilSim. Industry overview
Virgin Australia (Theory in Action) Group-6 Amit Boro PGP14005 Ganeswar Miniaka-PGP13087 Lokesh Kumar-PGP14028 Praveen Kumar-PGP13041 Rahul Kumar Pakhale-PGP14037 Virgin Australia Virgin Australia Airlines is Australia’s second largest airlines as well as the largest by fleet size to use the Virgin brand. The airline was co-founded by British businessman Richard Branson, the founder of parent Virgin Group and Former Virgin Blue CEO Brett Godfrey. It was established in 2000 with two aircraft operating on a single route. The airline has grown to directly serve 29 cities in Australia from hubs in Brisbane, Melbourne and Sydney, using a fleet of narrow-body Boeing and Embrae, and Airbus and
Odeon Cinema becomes the largest cinema in the UK, with over one hundred cinemas. The founding of Odeon Cinema was Oscar Deutsch in 1930 (Odeon Cinema, 2018). The spelling of Odeon was an acronym of Oscar Deutsch Entertains Our Nation, at that time their art decoration and their interiors became the company icons. In the beginning, their mission statement was “not only simply somewhere to watch films, but somewhere to experience them” based on Herte (2018). The ODEON was acquired in 1941 by J Arthur Rank who had interests in the film production and distribution, in 1998 the company launch their rebranding campaign to reinforce ODEON place as market leader in the UK with introducing the “ Fanatical about the film” to UK cinema (Odeon Cinema,
Introduction Dynamic business environments are those which are constantly changing, and businesses must be able to adapt quickly to these changes. An effective way of categorising these changes is by using the PEST analysis which was established by the Harvard professor Francis Aguilar in 1967. "A PEST analysis helps you determine how these factors will affect the performance and activities of your business in the long-term" (Contributor, 2013). In this essay, I will look at how the 4 environments identified in PEST (political, economic, social and technological) are applied to the British airline company – British Airways. This essay will mainly focus on how the external environment in recent and coming years has affected British Airways but will also include a few other airlines who also faced changes and have had to adapt or accept the consequences.
In this segment we will discuss about the external forces of the company that are not controllable (Keegan and Keegan, 1989). PESTLE analysis will be an effective tool here to analyze the factors. 2.1.1 PESTLE Analysis PESTLE is a very effective macro environmental tool containing six important factor. Political Factors In India political factor is very vulnerable.
Pestle Analysis Political Factor Eataly operates in global environment with their operation spread all around the globe; the operation of the company is influenced strongly by political situation of the country where they are doing business. As Eataly have flexible policies to adjust in an unstable economy (Reijers & Mansar, 2005). Economic Factors The entire planet has witnessed the economic decline and hence the characteristic of purchasing products has been greatly affected all companies without exception Eataly. In addition, the income level of Europe is relatively uneven which makes some people fail to pay for products offered by the company (Chaffey, 2009).
Macro-environmental are uncontrollable factors that influence a business’ strategic planning, decision making and operations (Chartered Institute of Personnel and Development, 2015). However, by understanding its macro-environmental factors, the business could take advantage of these factors and maximize their opportunities, whilst minimizing their threats. The 6 factors of PESTEL analysis include: Political, Economic, Socio-cultural, Technological, Environmental and Legal factors. In this case, it highlights the contextual information of the civil aviation competition of uncertain environmental, political and economic anarchy for flight
This includes scheduled tasks, timetables, measures and checklists. Employees assess themselves by setting objectives in Activity Plans, Personal Development Plans and recording outcomes in Learning Logs. These continue to measure their improvement in performance after training. Activity Plans need to have SMART objectives: • Specific – describes exactly what needs doing • Measurable – has a target that can be measured against • Achievable – is possible within the trainee’s current role, skills and experience • Realistic – is achievable within the time and resources available • Time-framed – has a clear deadline.
The inauguration of Virgin Australia Airlines, by Sir Richard Branson, as a domestic carrier in 2000 basically aimed at the convenience of the budget travelers. The Airlines was inaugurated as relaxed informal airline. Sir Richard was open-minded, amiable, and generous with his management team, imaginative, audacious and exclusive in his thoughtfulness. Initially started as a low-cost carrier, the company improved its services to turn itself into a “new-world carrier” as described by themselves (Virgin Blue media release, 2011, para. 2).However all these faltered when Qantas’ past marketing manager took over during 2011.
PESTEL analysis is a tool that is used to analyse an organisation’s macro-environment. Political Environment The incident of 9/11 has affected the airline industry adversely. The number of tourists to different countries has immensely decreased due to the fear of safety and security issues. On the other hand countries have put measures in place such as strict visa policies and border controls in an effort to combat terrorism attacks.
This school apply SWOT analysis which is the important factor for making strategy by using 7s model of Mckinsey for internal analysis and using PEST model for external analysis. This strategy suit with stable situation only. Employee within organization have to ready follow strategy which manager thought only because employees do not receive opportunity for making strategy. As a result, employees will resist to organization and if organization need to success in business, it should have only employee who obey to order of organization. This strategy is an environment which is not fit to current situation, so it should apply to study for base of
Objectives 3.1 Focus on airport resources and technology to improve on time flights, arrival, baggage handling. Caribbean Airlines objectives are to have a flowing routine, by allowing customers to check in their baggage at any time and remove the fixed time according to the customer’s flight. The customers can enjoy the freedom of having lunch with families without the hassle of dragging multiple bags behind them. Another objective would be to improvement of flights scheduled, meeting each and every customers boarding time and even arriving to their destinations before time 3.2 Continue to develop and deploy travel innovations Caribbean Airlines will focus on a more innovative aircraft interior, giving passengers more leg room and better
Francis Aguilar (1967) is the first known reference to the origin of the PESTEL analysis. In his study known as Scanning the Business Environment, he studied the environmental factors that affect business environment and come up with the first acronym ‘ETPS’ which meant the Economic, Technical, Political and social factors (Aguilar, 1967). Later Arnold Brown (1967) focused on the study and came up with a new perspective towards the study of social-technical, economic, political, and ecological (STEPE) factors. In 1980, Porter among other authors scanned the business environment and came up with the current acronym PESTEL meaning political, economic, social, technological, legal, and environmental factors (FME, 2013). According to Collins (1997),
PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.
2.0 PESTEL ANALYSIS A PESTEL Analysis is a marketing framework to analyse how an organisation is being impacted by a wide range of external imperatives. 2.1 Political Local political factor has a less significant impact on Starbucks Singapore due to strong political stability in Singapore. Singapore is consistently ranked as the lowest political risk country in Asia since 2002 (Corrupt Practices Investigation Bureau, 2015). However, the political stability in the global market is highly important as Starbucks coffee is certified as an ethically traded coffee.