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The Aviation Industry - Essay Example

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Summary
This essay talks that the present global economy is composed of quite a number of industries that all play a vital role in propelling the world forward. These industries operate in different environments as per the goods or services that an industry has a specialization in…
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The Aviation Industry

Download file to see previous pages... As the essay declares an industry for consideration would be the aviation business. The aviation industry is composed of all companies, private or otherwise, that partake in the air transport. This includes both passenger travel and cargo freight. It is a rapidly growing industry and being the fastest means of transport, it is the most preferred by many. The airline industry is demarcated into various sub-sections consisting of commercial passenger transport, private charter firms, cargo freight companies and, more recently, the introduction of emergency flying doctor services. Due to this, the delineation of boundaries for this industry poses a number of challenges to the industry players. As such, rifts may occur among industry players with each firm only associating itself with its niche and generally avoiding interaction with others outside its scope.
This paper stresses that the negative impact comes evident when a firm supposedly offers services in a niche not considering its specialization. The other companies in that specialty would view this as territorial infringe. This often puts different industry players at war against each other. Moreover, the establishment of national air space also sets an avenue for differences among countries. Considering these, the delineation of boundaries in the aviation industry curbs affable relations among the industry players and this eventually means limited opportunities for progress and at times, keeping the consumers stuck with services that are not top-notch, hence it hampers competitiveness in the sector. Apart from the above, certain structural factors form the interplay of the industry leaders in an industry. Among these are advancements in technology. Therefore, in the aviation industry, technological dynamism is a critical factor that plays a significant role. The majority, if not all, of customers or air travel fanatics are only thrilled by the prospect of boarding a ...Download file to see next pagesRead More
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