definitions are: Strategy is the skill of administering or planning (Webster ’s New World Dictionary‚ 1992). Strategy is the direction and scope of an organization in the long term‚ combining the resources of the organization with the changing environment and more particularly to markets and clients‚ in order to meet the expectations of all stakeholders (G. Johnson and K. Scholes‚ 1993). Strategy is to identify the key objectives of a business‚ adopting a series of actions and the allocation of
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Table of Contents EXECUTIVE SUMMARY 2 1. COMPANY OVERVIEW 2 1.1 RECENT PROBLEMS FACED BY BA 3 2. CURRENT STRATEGIC POSITION OF BRITSH AIRWAYS 3 2.1 BRITISH MERGER AND ALLIANCES 4 3. EXTERNAL ENVIRONMENTAL FACTORS 5 3.1 PESTEL ANALYSIS 5 3.2 FIVE FORCES ANALYSIS 11 3.3 LAYERS OF THE BUSINESS ENVIRONMENT 14 3.4 COMPETITORS ANALYSIS 15 3.5 STAKEHOLDER ANALYSIS 17 3.5.1 STAKEHOLDERS MAPPING: The Power/Interest Matrix 18 4. INTERNAL ANALYSIS 22 4.1 RESOURCES-BASED
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Macro environment is the external and uncontrollable factors that influence a company’s or product’s development. Billabong must know the value of each of the macro environment factors; such as‚ economic‚ demographics ‚ and lifestyle‚ technology and natural forces. Before companies‚ or in our case Billabong‚ produce a new products‚ they should study each macro environment force carefully. Each force have its effects on the market. Economic forces affect the consumer buying power and spending
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www.flyertalk.com www.britishairways.com L01: Understanding the organisational purposes of business Task 1 1.1a: The British Airways background: British Airways came into existence since civil aviation began shortly after World War I. A lot has changed in the 90 years from the world’s first schedule air service on 25 August 1919 to the present day civil air travel. Every 10 years since civil aviation began. The world has seen changes in the types of planes that have been in service to
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government increases the interest rate to avoid inflation during past years. HM-Treasury in November 2003 forecasted the economy to grow by 2.6% form 2004 to 2005 and slow down marginally to 2.4% from 2006 to 2007. Section 1 Company Profile British Airways Plc (BA). The Group ’s principal activities are the operation of international and domestic scheduled and charter air services for the carriage of passengers‚ freight and mail and the provision of ancillary services. The Group ’s global alliance
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supplier of British airways‚ as a stakeholder it plays an important role in the development of the firm whereas it is also crucial to assess the stakeholder for maintaining the long-term relationships. There are three main connection features‚ which drives the value of the stakeholders. This essay will map British Airways stakeholders as well as the ethical concerns it has dealt with from its different stakeholders Background of British Airways The group of British airways comprises of British airways
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OF BRITISH AIRWAYS A Case Analysis of Changing the Culture of British Airways1 Euronda Jefferson MBAE 5313 Leading and Managing Change East Texas Baptist University May 2015 Case Synopsis In the wake of an aging fleet‚ increasing competition‚ and high staffing costs‚ numerous issues threatened to bankrupt British Airways‚ including improving the competitive advantage‚ making customer service important the employees‚ and changing the consumer perception of the company. British Airways
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Macro environment Our product and all of the other actors operate in a large macro environment of forces that shape opportunities and pose threats to the company is known as macro environment. Six largely uncountable external forces influence our product’s marketing activities. And also it influences decision making‚ and affect its performance and strategies. These factors include the economic‚ demographics‚ legal‚ political‚ and social conditions‚ technological changes‚ and natural forces Elements
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Macro Environment The larger societal forces that affect the microenvironment- demographic‚ economic‚natural‚ technological‚ political‚ and cultural forces. These factors represent constraints within which all organizations including the automobile industry must function. Macro Environment For any decision there is n number of factors which influences the decision. Be it a decision related to any organisation‚ any business concern or even an individual. Thus it is per se very much necessary
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The macro environment Introduction Marketing’s role is to match the capabilities and resources within the organisation with market opportunities external to the organisation. Understanding customer needs is central to achieving this aim‚ but marketers must also be aware of factors that can cause customer needs to evolve. A change in customer needs will impact upon the organisation’s ability to serve its customers. This means that marketers have to be knowledgeable about what is happening in the
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