Preview

3.1 Analyse Possible Alternative Strategies

Good Essays
Open Document
Open Document
1467 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
3.1 Analyse Possible Alternative Strategies
3.1 Analyse possible alternative strategies relating to market entry, substantive growth, limited growth or retrenchment for a chosen organisation.
Market Entry AirAsia is facing many competitors in the market. Thus, AirAsia needs to have a new strategy so that it can maintain a sustainable growth. Since the company has a new strategy, they need to have a way that helps the new strategy to enter the market. AirAsia should apply this new strategy which is selling healthier and lower price foods in all routes instead of certain routes only. This will help all the customers who using AirAsia are able to enjoy the healthy food with reasonable price. Besides, it is an easy way to help AirAsia to propagate this new strategy too. This is because
…show more content…
Every departments need to play their own role and responsibility so that the company can operate well. The corporation and the support of the departments are very important especially when the company wants to start a new strategy. There are some departments in the company need to involve in the strategy implementation, such as CEO, human resource department, marketing department, finance department, and so on. CEO which is the Chief Executive Officer who is in charge for leading the development and executive of the company’s long term strategy with a perspective to make shareholder esteem. The CEO’s leadership role also entails being eventually in charge of throughout the everyday administration choices and for actualizing the company’s long and short term plans. The CEO also communicates on behalf of the company to shareholders, employees, government authorities, other stakeholders and the public. Thus, CEO of the AirAsia needs to give the full support so that the new strategy can carry out successfully. CEO can lead the employees how to achieve this new strategy and always solves the questions with them

You May Also Find These Documents Helpful

  • Powerful Essays

    Bussiness

    • 1566 Words
    • 7 Pages

    The highest ranking executive in a company whose main responsibilities include developing and implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and the corporate operations. The chief executive officer (CEO) position is highly competitive, as it is among the highest paying jobs in a company. This position holds accountability and has the responsibility of creating the organization's strategy. The CEO determines organizational goals and oversees business operations. Provide leadership to position the company at the forefront of the industry. Develop a strategic plan to advance the company's mission and objectives and to promote revenue, profitability and growth as an organization. Oversee company operations to insure production efficiency, quality, service, and cost-effective management of resources.…

    • 1566 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Midterm review

    • 414 Words
    • 2 Pages

    5.2 Differentiate between the HOPS injury assessment format (History of the injury, Observation and inspection, Palpation, and Special tests) and the SOAP note format (Subjective, Evaluation, Objective, Evaluation, Assessment, and Plan) used to assess and manage musculoskeletal injuries.…

    • 414 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ceo Duties of Exxon Mobil

    • 285 Words
    • 2 Pages

    Some of the other duties and responsibilities are that the CEO has to create a constructive culture environment within the organization that can promote the performance and the morale of the workers and employees. The CEO is responsible for selecting effective human resources leaders and programs that can enable the organization to attract and retain talented workers and employees to achieve the most difficult strategic goals. The CEO has to establish a solid vision for the organization and to build a strong mission statement that can distinguish the organization from the other competitors in the same field. The CEO is responsible for making ethical decisions and adopting the right type of leadership. The CEO is responsible for eliminating potential operational risks and setting up the strategic goals that can achieve the growth and the advancement for the organization.…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The CEO is expected to make big-picture decisions which result in the best decision for the company as a whole, rather than for one specific business…

    • 1049 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    A chief executive officer is the highest ranking corporate officer of an organization and is responsible for the overall management and success of their company. A CEO is the face of their organization and is generally the person responsible for leading the company, managing the employees, communicating to the public and stakeholders, as well as acting as the primary decision maker for the company. The chief executive officer generally answers to a board of directors which is a group of men and women who are elected by the shareholders of a company to govern the company and oversee all of its major decisions. Each year, 10%-15% of major corporations in the United States change their chief executive officers with the majority of these companies selecting their candidates from an outside organization (Chung, 1987). A change in CEO leadership for a company can be caused for a variety of reasons, but most likely will be due to retirement, transferring to another company, or not meeting performance expectations (Southerland & Mackey-Ross, 2006). In most cases a CEO…

    • 1998 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    CEO is the leader of the company and executive representative of board of directors. He plays crucial role to make relationship with customers, suppliers, and other stakeholders on the behalf of organization.…

    • 1597 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    role of CEO

    • 2080 Words
    • 6 Pages

    CEO is one of the most coveted and least understood job in world. Everyone aspires to get the top job, as people believe CEO is a fusion of power and money. By the nature of jobs description, CEO is supposed to meet the needs and expectations of various stakeholders. People perceive CEOs life is easier and simpler than any other employer in the company just because the CEO has to just pass orders to his employees and then the employees have to work hard in the direction to make the organization successful.…

    • 2080 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Strategy Formulation

    • 432 Words
    • 2 Pages

    The formulation of a sound strategy facilitates a number of actions and desired results that would be difficult otherwise. A strategic plan, when communicated to all members of an organization, provides employees with a clear vision of what the purposes and objectives of the firm are. The formulation of strategy forces organizations to examine the prospect of change in the foreseeable future and to prepare for change rather than to wait passively until market forces compel it. Strategic formulation allows the firm to plan its capital budgeting. Companies have limited funds to invest and must allocate capital funds where they will be most effective and derive the highest returns on their investments.…

    • 432 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like GM?…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    CEO is the head of employees and major executive representative of board ofdirectors. He or she plays vital role to make amicable relationship withcustomers, competitors, suppliers, and other stakeholders on the behalf oforganization. Generally there are many other titles used for this position suchas managing director, executive chairman, vice chairman, and executivedirector.…

    • 773 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Airasia Marketing Case

    • 3154 Words
    • 13 Pages

    Contents ...................................................................................................................................................... 2 1 Introduction.......................................................................................................................................... 3 1.1 1.2 Case Overview ........................................................................................................................... 3 Low Cost Carrier Strategy Overview ....................................................................................... 3 Simple Product: .................................................................................................................. 3 Positioning ........................................................................................................................... 4 Low Operating Costs ......................................................................................................... 4…

    • 3154 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Managing the Magic

    • 389 Words
    • 2 Pages

    They also have a clear strategy in order to increase the values background. Based on the functional strategy, stays each department which attempts to do its part in meeting overall corporate objectives.…

    • 389 Words
    • 2 Pages
    Good Essays
  • Good Essays

    233312313213123131

    • 6067 Words
    • 30 Pages

    Perform an internal analysis on AirAsia and identify the core competencies of AirAsia. Based on your findings, provide possible explanation for AirAsia’s success.…

    • 6067 Words
    • 30 Pages
    Good Essays
  • Good Essays

    History of Africa

    • 303 Words
    • 2 Pages

    Colonialism and imperialism are often used interchangeably, but they are two different words having different meaning. As both colonialism and Imperialism means political and economic domination of the other, scholars often find it hard to differentiate the two.…

    • 303 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Market is comprised of potential purchasers and venders. Dealers will search for purchasers, discover their needs and add to a decent offer, named a right cost, conduct limited time battles and convey items/administrations to end clients. At the same time, purchasers will look for items/benefits that meet their desires. As for AirAsia, they are utilizing 4Ps as a showcasing methodology to pull in clients which are Product, Place, Price and Promotion. Product or services incorporates visitor accommodation, incessant flights, ticketless administration and simple instalment channels. For Place, it incorporates web booking, reservations and deals workplaces together with approved travel agents. Next, they have Price which incorporates low in toll and less frills. The last one is Promotion which they give AirAsia's BIG Loyalty Programs, AirAsia's popular flight orderly and different deals advancements for…

    • 861 Words
    • 4 Pages
    Good Essays