Managerial Economics Project Report: Jet Airways PROJECT REPORT Roll no.12: Mugdha Dhupkar Roll no.23: Vrushali Keer Roll no.26: Sana Khan Roll no.27: Vipul Khatu Roll no.30: Shaun Machado Roll no.44: Mariza Pereira Page 1 of 27 Managerial Economics Project Report: Jet Airways Sr. No. Topic Pg. No. 1 Acknowledgement 1 2 Introduction to Jet Airways 3 3 Corporate Objectives 11 4 Growing Market Potential 12 5 Survival Strategy 13 6 Analysis Of company Finances 15 7 Current
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The Case of Jet Airways Jet Airways: Background Jet Airways (India) Private Limited was a reputed private airline in India having an average fleet age of 4.45 years. Jet Airways covers 63 destinations spanning the length and breadth of India and beyond‚ including New York (both JFK and Newark)‚ Toronto‚ Brussels‚ London (Heathrow)‚ Singapore‚ Hong Kong‚ Kuala Lumpur‚ Colombo‚ Bangkok‚ Katmandu‚ Dhaka‚ Kuwait‚ Bahrain‚ Muscat‚ Doha‚ Riyadh‚ Jeddah‚ Abu Dhabi and Dubai. The Airline carried
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Porters Five Forces of the Retail Industry I. Supplier Power The bargaining power of Suppliers is relatively low. There is a high competition between suppliers which means that their ability to raise prices or reduce quantity is very low. Suppliers include both domestic and international manufacturers and because many retail products are standardized‚ retailers have low switching costs which make the supplier power low. Larger retailers have power over their suppliers because they can threaten
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of the company (Pearce & Robinson‚ p. 95). There are 5 forces analysis in driving industry competition advocated by Michael E. Porter‚ they are some general principle that applicable for any type of business‚ particularly for Tune.com Hotel Company set up in Malaysia. This competitive forces shape Tune.com Hotel generic strategy in order to accomplish the company’s objective‚ that is to accommodate the guests with greater value. The five forces analyses on tourism industries service from Tune.com
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Porter’s Five-Force model consists of rivalry‚ threat of substitutes‚ buyer power‚ supplier power and threat of new entrants and entry barriers. I believe Porter’s Five-Force model offers a corporation a solid backbone foundation in developing an international business strategy. The first part of Porter’s Five-Force model is rivalry. According to Porter‚ rivalry focuses on two main factors which are a high concentration ratio and a low concentration ratio. A high concentration ratio indicates
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Bargaining Power of SUPPLIERS: Moderate/ - There are plenty of hardware component manufacturers for cellphones but BlackBerry’s operating system is complicated therefore it limits the number of software developers that will work with them. - This problem was most recently seen when BlackBerry struggled to get native applications for the launch of the Z10. - The Bargaining Power of Suppliers for Blackberry has increased‚ due to Blackberry’s eroding market share. Firms who dominate the mobile
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With Porter five forces framework‚ we identify the sources of competition facing IBM:-1.Threat of new entrantsHigh capital requirement needed to fund R&D and assets make the threat of new entrants relatively low. IBM spends large amount of funds annually for R&D‚ in order to constantly introduce new high-technology and innovative products and solutions to market to maintain its’ competitiveness‚Tougher for new entrants to achieve economies of scale due to experience curve effect. In addition‚ Consumers’
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Porter’s Five Forces: Travel Agency : Industry Rivalry : Highly Fragmented Industry with Intense Rivalry Highly Fragmented Industry. Organized players would barely have 15-20% of the marketplace Most of organized players are present in metros & mini-metros Large disposable incomes in towns like Lucknow‚ Jaipur‚ Coimbatore etc. serviced by family run unorganized players Industry rivalry is intense but not cutthroat Rivalry Intense because of low switching costs‚ low levels of product differentiation
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Why did Jet Airways announce retrenchment? The announcement was done due to rise in aviation fuel. Jet Airways thought through retrenchment the expenditure can be controlled which was going high due to fuel prices. What was the immediate reaction in the environment? Employees were protesting as they were with no job. By seeing the employees of Jet in such a situation‚ political parties supported them. Due to this government was forced to rethink on the hike of the prices and as well as
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matter which industry your business is in‚ you can assess the forces that influence your business‚ including its strengths and weaknesses‚ using this set of five Market Forces‚ in order to leapfrog over your competition by better understanding the industry you and your rivals operate in. Created by Harvard Business School professor Michael Porter to analyze the attractiveness and likelihood of profitability of an industry‚ Porter’s Five Forces are a simple but powerful tool for understanding where power
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