incorporate the following: * The roles and responsibilities of the board of directors in corporate governance and the way the board affects a company’s operation. * A list of the core competencies of the company. * Create an EFAS and IFAS matrix to understand the external and internal strengths and weaknesses. * The various decisions taken to formulate the plan and the reasons for those decisions. * The SWOT factors of Vermont Teddy Bear Co.‚ Inc. to determine the
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Executive summary JetBlue was founded by David Neeleman in 1998 and is America’s youngest airline flying to over 35 destinations including Caribbean and Atlantic regions. The key strategies and competitive advantages of JetBlue are the maximisation of its workforce productivity‚ high quality of service and innovation with affordable prices‚ low cost ticketing system‚ and efficient aircraft utilisation. JetBlue is a low-cost airline with a differentiated approach in regards to the high
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and provide lower average fares. However‚ not all LCCs are profitable‚ only the market-leading operators are able to produce a consistent level returns above their cost of capital. With the disappearance of two major LCCs: Go (subsidiary of British Airways) and Buss (subsidiary of KLM Airlines) and others in the US (80%-85%) and Europe (60%) (Taneja‚ 2003)‚ many issues have been identified for the failure of LCCs. The question at this point is what the future of LCCs and what competitive strategy could
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EVP & Chief Development Officer Scott Blair SVP & Chief Legal and Franchise Officer EXTERNAL ENVIRONMENT (EFAS): OPPORTUNITIES AND THREATS (SWOT) Natural‚ Societal Environments • Climate‚ Natural Disasters • PEST Analysis Task Environment NEW ENTRANTS: HIGH STAKEHOLDER GROUPS: LOW SUPPLIERS: LOW BUYERS: INDUSTRY RIVALRY: HIGH LOW SUBSTITUTES: MEDIUM INTERNAL ENVIRONMENT (IFAS): STRENGTHS AND WEAKNESSES (SWOT) Corporate Structure Exec utive s: Ron Shaic FunctionalhManagers: Company-owned
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ABSTRACT Strategic Corporate Communication is communication that happens in a corporation e.g. business‚ company‚ shop or group of companies. It is about laying a plan to reach the intended objectives of the company. Let say if the company needs to make profits it should have its strategic plan to reach that goal. On the other hand‚ those strategic plans must involve internal and external public. Mainly Strategic Corporate Communication is supported by a detailed research plan. Corporate
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Appendix 1: Case Analysis Case reports should fulfill 3 basic requirements. 1. Identify all pertinent issues to be addressed by management. 2. Analyze and evaluate the company’s situation--both internally and externally--with regard to the mentioned issues and potential solutions. 3. Evaluate potential alternatives against decision criteria in order to select a recommended course of action‚ and develop an implementation plan that is as realistic or ‘do-able’ as possible and that addresses the
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JetBlue Airways: Starting From Scratch Troy Thorpe WGU JetBlue Airways: Starting from Scratch Before David Neeleman’s non-compete agreement with Southwest Airlines expired‚ he envisioned the concept of starting a low-fare airline that would combine common sense‚ innovation‚ and technology and bring the humanity back into air travel (Gittel & O’Reilly‚ 2001). In 1998‚ JetBlue was born. In order for David to fulfill his goal of a “do-it-right” kind of airline‚ he needed to recruit superior industry
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Jet Blue Airways: Case Study 1. Draw up a SWOT analysis and describe JetBlue’s Strategy. Strengths * Low cost airline fares and operations * Experienced management * Creating demand in under-served markets * Customer service oriented (i.e. leather seats with more legroom‚ in-flight entertainment‚ better refreshments than competition) * Political backing and support * Competitive pay and benefits increasing employee retention Weaknesses * Sustaining low cost
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Hofstede’s Model Geert Hofstede developed a cultural dimension model that explains the five categories of positions between national cultures. The five dimensions pertaining to this model include: individualism‚ materialism‚ time orientation‚ deference to authority and uncertainty avoidance. Hofstede’s research is still practiced today but has undergone some changes since it was first introduced due to cultural and economic modifications during past years. To understand this model the five
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[pic] Southwest Airlines Financial Performance Analysis Presented to Gary C. Kelly Chairman of the Board‚ President and CEO by Total Resource Network Raquel Alston‚ Tanya Spencer and‚ Nicole Stenhouse for BUS 515 Financial Management Professor James Kerwin October 3‚ 2011 Introduction Total Resource Network (TRN) congratulates Southwest Airlines for thirty-eight years of consecutive profitability. This is a major accomplishment that should be applauded especially
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