also discuss the culture and management style of AirAsia and its ability to address to the challenges faced by the company. Furthermore‚ the report aims at highlighting the expansions of AirAsia with future expectations. Background of AirAsia Air Asia‚ an ailing‚ in debt‚ government owned airline was purchased by Tony Fernandes‚ a Malaysian Indian entrepreneur in 2001. Fernandes invested all his valuables and saving in purchasing this airline company that only possessed two Boeings and was deeply
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INTRODUCTION Air Asia Berhad was set up by Dato’ Tony Fernandes in 2001. In December 2001‚ Dato’ Tony Fernandes along with Dato’ Pahamin Ab. Rajab (Chairman‚ AirAsia)‚ Dato’ Kamarudin bin Meranun (Deputy Group Chief Executive Officer‚ AirAsia) and Abdul Aziz bin Abu Bakar (Director‚ AirAsia) formed a partnership and set up Tune Air Sdn Bhd (Tune Air)‚ an airline holding company then bought over AirAsia from government-owned conglomerate DRB-Hicom on December 2‚ 2001 which Air Asia was originally
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quite competitive with multiple players and various elements effecting the industry environment. AirAsia has developed a specific set of resources and core competencies that it has exploited in order to become the leading short-haul LCC in South East Asia. AirAsia’s strategy employs cost and efficiency optimization by utilizing its key resources; thus‚ possessing capabilities necessary for success. AirAsia’s tangible resources‚ including its fleet and hubs‚ enhance the company’s low cost capabilities
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strategy. Durlacher (1999)‚ Mobile Commerce Report‚ Durlacher Research Ltd. Gillan‚ D. & Lall‚ A.‚ 2002. The economics of the Internet‚ the new economy and opportunities for airports‚ Journal of Air Transport Management 8‚ 49-62. 1ad0d890-a7d011e3‚ AirAsia‚ 2007 http://www.airlines.org/economics/cost+of+delays/‚ Air Transport Association‚ 2008 http://www.microsoft.com/malaysia/pree/linkpage4327.mspx‚ Microsoft‚ 2007 Kotler.‚ P Purcell‚ F.‚ and Toland‚ J. (2004). Electronic commerce for the south pacific:
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Unions first started in the 19th century as a political movement during a time when there was low wages‚ long working hours‚ and the safety regulations were for the most part absent. Employees gathered together to address these issues which gave them the ability to make decisions over management. Now in the 21th century‚ rather than being a necessity‚ they have become more of a luxury (Saez). A union can advantages and disadvantages to both employees and employers. Labour unions can benefit employees
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Essay : The American Labor Movement of the nineteenth century developed as a result of the city-wide organizations that unhappy workers were establishing. These men and women were determined to receive the rights and privileges they deserved as citizens of a free country. They refused to be treated like slaves‚ and work under unbearable conditions any longer. Workers joined together and realized that a group is much more powerful than an individual when protesting against intimidating companies
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Union/Management relations the past and future 1 A labor union is defined as a formal association of workers that promotes the interests of its members through collective action. Unions base their collective actions on the following factors: wages‚ benefits‚ working conditions‚ and on representing their members in disputes with management over violations of contracts. Labor unions can be a challenge for some managers because if the
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Kevin Campusano Class Prof. 30 November 2014 The rise and fall of labor unions Labor union is an organized association of workers‚ in a trade or profession‚ formed to protect and further their rights and interests. During the industrial revolution in Europe there was a rise in new workers without representation in the workplace. In the 19th century the industrial revolution spread to the United States from Europe‚ this resulted in the economy shifting to manufacturing from agriculture as an economic
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Labor Unions In the years of Post-Civil War the United States was on a path of capitalism‚ big-business‚ and becoming a Global Force that all countries would begin to recognize as powerful. Though this time period shown progression for industry and for the U.S. economy it also marked a rise of the working class‚ and of social stratification because the big business owners became richer and more powerful while the poor workers scavenged for jobs to feed their families. Disgusted by the poverty wages
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Unions’ Effects on Labor Productivity Labor unions have long been a central issue of economic debate in the United States‚ and since their emergence in the mid-19th century‚ the role of unions in industry has changed very little given the changes to the make-up of our economy. Although employer abuses of power aren’t nearly so blatant or extreme as in the early days of unions‚ the need to protect workers’ rights and ensure fair wages and benefits still exists. Employees should be able to take
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