brand reputation of easyJet (by easyGroup): EasyCar is a member of the easyGroup brand which first developed the easyJet air carrier. The other companies under the easyGroup umbrella mimic the low cost‚ no frills business strategy. This business model has been quite successful in the rental car industry‚ has a presence in the internet café industry‚ and easyCinema is expected to be launched soon. Competency of Stellos: Stelios Haji-Ioannou is an entrepreneur who founded easyJet‚ and has been expanding
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Strategy Chandler (1990) defines strategy as “the determination of the basic long term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary for carrying out these goals”. Chandler therefore refers to a strategy as determining where you are now‚ where you want to be and what resources you need. However Porter (1996) states that “strategy is the process of creating a unique and valuable position with means of another set of activities”
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ILM Unit M3.01 – Problem Solving Machine Productivity Background The organisation that I’m employed with is a world leader in the paper & packaging industry. The company specialises in manufacturing paper-based packaging‚ with a network of paper‚ recycling and forestry operations. It is an integrated producer‚ with packaging plants sourcing the major part of their raw material requirements from the company’s own paper mills. In turn‚ the sourcing of recovered fibre and wood for the mills is
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|1 |Ryanair |65‚282 |Ryanair |71‚229 | |2 |Lufthansa |41‚515 |Lufthansa |44‚460 | |3 |easyJet |34‚593 |easyJet |37‚665 | |4 |Air France |31‚256 |Air France |30‚882 | |5 |British Airways |27‚844 |Emirates
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on quality circles. Contribution 1. User Friendly Quality Control • It showed the importance of the seven quality tools: control chart‚ run chart‚ histogram‚ scatter diagram‚ Pareto chart‚ and flowchart. 2. Fishbone Cause and Effect Diagram • The fishbone will help to visually display the many potential causes for a specific problem or effect. It is particularly useful in a group setting and for situations in which little quantitative data is available for analysis. 3. Implementation
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brought increased competition to the low-cost‚ low-fare airline industry. Using the five forces model‚ we can analyze Ryanair’s competitive market. The industry rivalry was high due to the deregulation of the airline industry. Competitors such as EasyJet‚ British Airways’ Go (which was created in an effort to gain market dominance‚ weed out competition‚ and eliminate the budget airline industry altogether)‚ Virgin Air’s Virgin Express‚ and Debonair were all vying for market share in the budget sector
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There were several challenges faced by low cost carriers in Europe like rising aviation fuel costs‚ ensuring staff productivity and maintaining a large fleet for expansion. 1. There are lots of airways which is provide cheap fare of flight such as easyjet‚ Virgin express‚ Air Berlin and so on. As minor airways use the same routine‚ minor airports get a purchasing power from the airlines competition. It is hard situation for Ryanair to minimize the fare. 2. The aviation turbine fuel costs fluctuated
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better value for money. Customers Employees: An employee’s stake is that the company provides them with their livelihood. They will also look for working in a company they could take pride in‚ employees are stakeholders because they depend on easyjet and Oxfam for jobs so if either of the two companies decides to cut staff expenditure this will affect them. Supplier: A supplier will want frequent orders and on time payments‚ as well as feeling respected by the company they supply for. These
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accomplishments were the Ishikawa Diagram (aka Fishbone Diagram) and Quality Circles. According to the book‚ Guide to Quality Control‚ in 1943 Ishikawa first used the Fishbone Diagram to help explain to a group of engineers at Kawasaki Steel Works how a complex set of factors could be related to help understand a problem (Ishikawa‚ 1986). The diagram is a tool used to identify all possible causes of a particular problem (Maze-Emery‚ 2008). Figure 1. illustrates the Fishbone Diagram.
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systematic representation of the relationship between the effect (result) and affecting factors (causes).” It was originally created and used by Dr. Kaoru Ishikawa and is sometimes called an Ishikawa Diagram. Also‚ because of its shape it is called a Fishbone Diagram. In general what you do is brainstorm ideas (causes) then group them in to categories. Those categories become the many branches of the Cause and Effect diagram. Solving a problem in a
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