The purpose of this report is to inform airline executives about the external forces affecting their industry and what they can do to keep up with the changing business atmosphere. The terrorist attacks of 9/11 had a grueling effect on the economy‚ and while most industries are almost back to their pre-9/11 financial status‚ the airline industry is lucky to break-even. This report will explain three leading trends that are forcing the airline industry to re-think their stance on strategic planning
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Strategic Analysis of the US Airline Industry in 2012 Case Questions 1. To what extent can the industry’s low profitability be attributed to the structure of the industry? 2. Which of Porter’s Five Forces has had the biggest impact in depressing industry profitability? Comparison of Airline Industry Structure (Regulation/Pre 1978 vs Deregulation/Post 1978) Oligopoly (Regulation) Perfect Competition (Deregulation) Concentration Few players Many players Entry & Exit Barriers Significant
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The Effects of specialization on international trade Specialization basically means when an individual or businesses produce a narrow range of products in simple words ‚ when a person or business focuses on producing one type of product because they are good in producing that product. International exchange allows for specialization‚ which is when one producer produces the good that comes at the least cost of production and opportunity to him or her and then trades for those goods that come
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Cause and Effect Often writers are asked to explain how certain conditions or events are related to the occurrence of other conditions or events. When a writer argues that "one thing leads to another‚" he or she is making a cause-and-effect argument. For example‚ in an Economics class‚ students might be asked to explain the impact of increasing oil prices on the nation’s economy. Inherent in the question is the assumption that increasing oil prices is a cause‚ which produces specific effects in the
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IMPLICATIONS OF TREND POLITICAL Refers to the stability of the economic environment‚ the attitudes and movements of political parties. This is entwined in government influence on tax policies‚ trade agreements‚ legislative Laws‚ international trade regulations‚ monopolies and consumer protection. Generally Political forces are influences that present restrictions or opportunities that are not mandatory. There is a positive outlook on the Airline Industry as long as the political environment is stable. Due to
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The toothpaste industry is a monopolistic competitive market. There are several different brand names available to the consumer all with varying claims. Some toothpaste varieties are designed to give surface whiting to the user. Other varieties focus on fluoride and still others purport to give the user fresher breath. There are even toothpastes available that offer help for sensitive teeth. Whatever the consumer is in need of for their dental health there is bound to be toothpaste that can assist
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The First World War created massive growth opportunities on the economic front in America when she joined the war in 1916. The need for industrial production on a massive scale to provide arms for the war effort‚ gave rise equally to employment. With most able bodied men away at the war in Europe‚ it fell to women and African Americans to fill those jobs and meet the rising demands. (As a direct result of this‚ Wilson‚ president of USA during this period‚ recommended and supported that woman be
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automotive industry. The Federal Reserve ’s primary goal is sustained growth of the economy with full employment and stable prices. Real GDP is the most comprehensive measure of the performance of the U.S. economy. By monitoring trends in the overall growth rate as well as the unemployment rate and the rate of inflation‚ policy makers are able to assess whether the current stance of monetary policy is consistent with that primary goal. The automobile industry is one of the largest industries in the
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Global Warming is an important ecological issue and has many negative effects upon our environment. However‚ for all the attention that this issue does not draw‚ that is how dire it is growing to be. There are many problems that are causing global warming‚ and if they are not corrected‚ or at least prevented from here on out‚ there are going to be some severe complications in the near future. Greenhouse holes in the ozone layer and the decay of the atmosphere are just a few of the problems that need
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Evaluation of Passengers’ Satisfaction in Nigeria Airlines Industry By Ayantoyinbo‚ Benedict Boye Department of Transport Management‚ Ladoke Akintola University of Technology‚ Ogbomoso‚ Nigeria benedictboye@yahoo.com and Ajiboye‚ Araoye Olarinkoye Department of Transport Management‚ Ladoke Akintola University of Technology‚ Ogbomoso‚ Nigeria rinkoyemii@yahoo.com Abstract This paper work focuses on customer satisfaction as a major outcome of marketing
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