Southwest Airlines – Ethics of Compliance Embry-Riddle University The purpose of this paper is to present‚ discuss‚ and examine the topic of ethical and social responsibility. It will discuss Southwest Airlines ’ failure to comply with the Federal Aviation Administration ’s rules on inspecting aircraft and what violations occurred. On March 6‚ 2008‚ Federal Aviation Administration (FAA) inspectors submitted documents to the United States Congress‚ alleging that Southwest allowed 117 of its
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Southwest has made an organization out of providing low-fare‚ short haul routes between city pairs. It has concentrated specifically on offering low-fares on all of its flights by maintaining its no frills attitude and high frequency of flights. This has afforded Southwest Airlines with the lowest cost structure in the industry. Southwest has created a niche for itself by flying a network of flights between smaller U.S. cities that average just one hour apart. This has differentiated them from
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Entrepreneurship Project BOM Objective: The Entrepreneurship Project will afford you the opportunity to: 1. Prepare a written proposal for a new business 2. Learn what steps an entrepreneur must undertake to open a new business Description: The Entrepreneurship Project will involve the following: 1. Developing a proposal to start a new business 2. Performing a self-analysis (including the willingness to take risks) 3. Providing a detailed analysis of the business situation 4. Provide
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of motivation will produce a higher economic benefit to the profit of the company. The intent of this writing is to explore what the Path-Goal theory is‚ how it relates to leadership‚ and then apply the components to how James Parker‚ CEO of southwest airlines‚ appears to use them to facilitate daily operations within the company. The Path-Goal theory was developed from studies conducted by Robert House (Robbins 493). House chose to deviate from Fiedler’s traditional Contingency theories via focusing
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Assess the importance of social entrepreneurship in the local context. 1.0 Definition of Social Entrepreneurship A social entrepreneur identifies and solves social problems on a large scale. Just as business entrepreneurs create and transform whole industries‚ social entrepreneurs act as the change agents for society‚ seizing opportunities others miss in order to improve systems‚ invent and disseminate new approaches and advance sustainable solutions that create social value. Unlike traditional
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THE ROLE OF ENTREPRENEURSHIP IN INDIA’S FUTURE ECONOMIC DEVELOPMENT The progress of Indian economic development from 1947 to the present provides further evidence that individuals do respond to incentives in their pursuit of self-survival and accumulation of wealth. Further‚ the nature of this response depends on the economic climate‚ particularly the role of the government. India’s economy struggled as long as it was based in a system of government regulation with little interaction with
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Concepts of Entrepreneurship Measured Risk Entrepreneurs are risk takers‚ staking money‚ time‚ and personal reputations to manifest their visions. But‚ like heros‚ entrepreneurs are rarely reckless. Rather‚ successful entrepreneurs take measured risks‚ weighing the stakes and the potential consequences‚ and then stepping into unknown territory to generate results. As risk takers‚ successful entrepreneurs understand that failure can be a vital part of success‚ and that learning from mistakes can be
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obligations LIQUIDITY 6) A company’s ability to productively utilize its assets relative to its revenue and its profits is referred to as: EFFICIENCY 7) Southwest Airlines uses its assets very productively. Its turnaround time‚ or the time that its airplanes sit on the ground while they are being loaded and unloaded‚ is the lowest in the airline industry. In terms of the primary financial objective of a firm‚ this attribute is a measure of Southwest’s: EFFICIENCY 8) … are projections for future
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Entrepreneurship Entrepreneurship in Pakistan Prepared By: Hafiz Abdul Basit M.Com 1st Govt. College University Faisalabad Entrepreneurship Process of new things assuming risk and reward: Creating new things involve innovation and creativity while in such new things there is also a possibility of risk. So the reward is higher than any other non-entrepreneurial work. My Own Views about Entrepreneurship: As we know “No risk‚ No gain”. So to gain some thing we have to take risks but
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Executive Summary In 2009 Gary Kelly‚ the CEO of Southwest airlines‚ was contemplating what it would take for Southwest to survive the economic downfall‚ due to high oil prices and decline in demand‚ that was upon the airline industry. One might argue that in the face of many options Southwest both diversified in there solutions as well as stayed true to the brand they had created. We will argue they did both. They branched out in terms of expansion and customer service‚ while remaining true to
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