We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Monarch PLC Airlines - Essay Example

Comments (1) Cite this document
This paper is about Monarch PLC Airlines It is a family owned British charter airline based in Luton, England. Its area of operations ranges from Europe, to U. S to India and to Africa. The airline has been in operation since 1968. …
Download full paperFile format: .doc, available for editing
Polish This Essay94.6% of users find it useful
Monarch PLC Airlines
Read TextPreview

Extract of sample
"Monarch PLC Airlines"

Download file to see previous pages Monarch Airline operates in an environment that has appreciated the advantages of technology, innovation, and rapid changes in their trading environment (Doganis 2006). Its customers have diverse interests and satisfaction levels hence serving as the main drive for change. In addition, the airline faces a lot of competition from other airlines operating within the same locality and destinations. With such a diverse and demanding environment, the airline has had to make major improvements to continue meeting the market demands. For example, to continue meeting the high demands on bookings by customers, the organization had to change from making bookings over the internet to using open skies by Navitaire. This has seen the company grow to handle large systems of operations within small timelines. It has also favored the company in protecting its information while changing swiftly to the ever-changing demands in the airline market. The survival of any business depended on how the management will handle the risks since they are inevitable but manageable. Challenges and opportunities keep on changing making it hard for any company to operate in a highly competitive area. Therefore, for any business to grow, risk taking is a practice to embrace (Flouris & Yilmaz 2011). Monarch airline is not exempted in this and thus has had to face many risks. Overcoming and managing the risks has seen the company grow to where it is today. Managing risks involve balancing between rewards and losses. It entails minimizing bad outcomes and enhancing good outcomes (Thomas 2002). It comes with a preparedness to handle any misfortunes that will take place in the cause of operation. It has been proved that everybody would play on the safe side of life. This provides a shield against unplanned events that endanger the running of a company or any part in the society (Flouris & Yilmaz 2011). However, some risks are inevitable and uncertain to happen. When they happen, it is only prudent to learn how to cope with them. Uncertainties and ignorance stands as major challenges in coping with the situations. Through the authorities, the balancing act should be approached from an open point of view that will accommodate all parties involved. Risk management in any organization is perceived to be the responsibility of specific individuals. However, this should not be true since every human being by nature is a risk manger. Every person by nature is responsible to handle the nature of risk created by his or her behavior (Douglas & Wildavsky 1983). The only thing that the authority can do is to ensure that every individual within the operations of the organization are well informed of the risks involved and the possible ways out of the risks. In every organization, risk experts and safety regulators stands out as very important part in the daily running of the institution. They identify risk issues early before everybody else does that (Thomas 2002). Risk authorities estimate the magnitude of risk and therefore advise the parties involved accordingly. However, there has been cases where many people insist in taking much risk than can be handled (Douglas & Wildavsky 1983). One could be because of ignorance and two could be lack of knowledge on how much such risks could cost the organization. Risk is ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Monarch PLC Airlines Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/management/1397061-monarch-plc-airlines
(Monarch PLC Airlines Essay Example | Topics and Well Written Essays - 2500 Words)
“Monarch PLC Airlines Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/management/1397061-monarch-plc-airlines.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
kanebuckridge added comment 3 months ago
Student rated this paper as
I never thought 2500 words essay could be written in such a free manner. I loved the idea of this essay. Will definitely use it for my own work!
Southwest Airlines
The paper tries to identify the performance of the company before and after the deregulation. It has been noted that the performance of the airline industry has been quite unstable because of deregulation. However, Southwest Airlines has been able to maintain its position because of its innovative strategy of low cost airlines and also due to its commendable service towards the passengers.
7 Pages(1750 words)Essay
Southwest Airlines
This organization provides car rental facilities to its customers and the company has made arrangements for booking the car online. The company also arranges hotel facilities to its customers according to their requirements. Different vocation packages and cruises are other attractive services offered by Southwest Airlines.
3 Pages(750 words)Essay
Classic Airlines
Classic Airlines. Classic Airlines is a company in the airline industry with over 25 years of experience. The firm has an operation that includes 2300 daily flights across 240 cities. The firm has a global workforce of 30,000 employees. Due to the size of the company it is imperative for this firm to invest its marketing dollars well.
7 Pages(1750 words)Essay
Low cost Airlines (Southwest Airlines)
The company has a unique business model of careful financial planning, control, efficient costing and a quick decision making process. Such unique business models have been known to ensure continued success in business organisations (Schein, E. H. 1980).
5 Pages(1250 words)Essay
British Airlines
The airline ranks the best on its long haul flights. Moreover, the airline is cheaper in long flights compared to its competitors. However, the airline faces a high level of competition from its competitor’s in short domestic flight. In the power of suppliers, the corporation has two aircraft suppliers, that is, Boeing and Airbus (British Airways 1995a; British Airways 2004; Anonymous 2002; Anonymous 2011; Bannan 2007).
3 Pages(750 words)Essay
Major airlines gave up competing with SWA’s low cost service for market share. SWA’s continued expansion has forced the other airlines to bring about a major change in their cost structures by developing new low-cost services in short-haul markets
5 Pages(1250 words)Essay
Delta Airlines
In fiscal year 2008 Delta Airlines achieved operating revenues of $22,696 million dollars. Between 2004 and 2008 the company achieved a yearly sales revenue growth of 9.8%. There are over 70,000 people
4 Pages(1000 words)Essay
Emirates Airlines
Emirates is a unique airline in its own right because it provides top-class services that can match any global competitor as well as low cost services which
8 Pages(2000 words)Essay
British Airlines
are the largest national airline in the UK, based on the fleet size, the number of international flights, and the number of international destinations. British Airways are second to easy Jet based on the passenger base. The board that governs the British Airways was formed in
3 Pages(750 words)Essay
Ryanair airlines
It has been observed that the company mainly operates flights of short-haul in Ireland, the U.K. and continental Europe (Ryanair, 2014a). The company has recently signed a strategic alliance with Aer Lingus Group plc and owns 29.8% of its shares (Reuters, 2014). According to
4 Pages(1000 words)Essay
Let us find you another Essay on topic Monarch PLC Airlines for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us