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
GRAB THE BEST PAPER98.1% 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
(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.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
kanebuckridge added comment 1 year 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!


Hawaiian Airlines

...?Running Head: SOUTHWEST AIRLINES Southwest Airlines Module: Lecturer: The airline industry is highly competitive especially in the US market where market players are numerous. Before the 1990s the industry players had a lucrative period but after this and with the increased completion, expansion of internet and intensified competition, few airlines have maintained a steady growth or even profitability. United States offers an expansive market with numerous niche sub-markets which have many Americans who prefer commercial air travel mainly because of time and cost related factors. Low profit margins and stunted growth are the duplicated scenarios in the American...
10 Pages(2500 words)Research Paper

Monarch Butterfly

...?Introduction Monarch butterflies are a species that keeps many mysteries in its life about which humans marvel. They are very beautiful with bright orange, black and white shades on its wings and considered by many as the king of butterflies (Frost, 10). The large orange wings are veined and outlined in black, with white dots decorating the black outer edges of each wing. The scientific name of this butterfly is Danaus plexippus (US Forest Service, 2). The species, comes under the family, Danaidae and genus, Dannaus (Garber, 76). All the members of this genus, including Monarch butterflies feed on alkaloid-rich plants (Capinera, 2460). Butterflies and moths belong to the order, Lepidoptera (Capinera,...
10 Pages(2500 words)Research Paper

Low cost Airlines (Southwest Airlines)

...? Low cost Airlines Case Study Introduction This report will investigate the factors that have led to the survival and continuing success of Southwest Airlines, including the company’s financial planning, financial control, costing and the company’s efficient decision making process. 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). Financial planning Southwest airlines is the only airline in the United States that has been consistently profitable for the past 3 decades,...
5 Pages(1250 words)Essay


...COLLAPSE OF ENRON AND WORLDCOM Enron's Collapse To stay in the present marketing world a company should have good support services. The competition among companies is high and they to stay at the top they are using aggressive marketing strategies. The operational management and the Human Resource (HR) departments have a bigger role to play in the development of the respective companies. The quality of the product should always be of high standard. The financial activities of the company should be checked from time to time so that any fraud committed can be easily detected. Let us look at two companies Enron and WorldCom that have collapsed due to mismanagement of funds. Enron Corp. was the result of merger between Houston Natural...
11 Pages(2750 words)Essay

Southwest Airlines

...Southwest Airlines and its Operational of Ethics Details: al Affiliation: Southwest Airlines and its Operational Code of Ethics Organizations the world over often set forth certain operational guidelines governing the internal working dynamics towards planned objectives. Among the areas prioritized is the identity/image of the organization projected to the greater public; a positive uniqueness that helps in breaking the jinx of a competitive world where businesses compete in terms of superiority of services rendered to customers. Cultivating that desired identity is the Code of Ethics that demarcates/defines the principles of operational conduct and behavioral expectations required of every individual employee while interacting... with...
5 Pages(1250 words)Essay

Pinnacle Airlines

...Pinnacle Airlines Business Strategy Just as an airplane journey, Pinnacle Airlines have faced ups and downs since its conception. This Memphis based airline, founded in 1985, was first christened Express Airlines I, and by the end of the year, it was flying to ten cities (Pinnacle Airlines Corp, n.d). The airline was lauded the world’s fastest growing airline and one of the largest regional airlines (Pinnacle Airlines Corp, n.d). However, through the ensuing years, Pinnacle Airlines faced a number of setbacks; this paper will illustrate the business strategy followed by...
5 Pages(1250 words)Research Paper

PLC stands for Programmable Logic Controller

...Assignment PLC PLC stands for Programmable Logic Controller By definition, the PLC is a device that replaces the necessary relay circuits for machine control which operate in sequence (, 2010). It is an industrialized computer that serves to automate production equipment and/or processes by monitoring the status of incoming events, and controlling the outcomes. It also has the flexibility to re-programme its decision-making behaviour to software as often as is needed. 2. There are three steps of PLC Operation. A PLC work depends on the state of the inputs. It looks at the inputs, and either turns its outputs on or off. To be able to work, the PLC first monitors different conditions. Basing on these conditions... , an...
1 Pages(250 words)Assignment


...Product Lifecycle Essay Question a). Product development Growth Maturity Decline Stage 1. Market development involves introducing new the product in the market. In the stage, demand forecast cannot be used to project the expected demand of the product. Low sales are usually experienced during the stage because market awareness has not been created. Stage 2.Market growth shows the desire of consumers to purchase starts to increase. Stage 3.Market maturity indicates demand levels and increases. Stage 4.Market decline implies customers view the product as unattractive. They avoid purchasing the product and thus sales start to diminish (Stark, 2011). b)    Apple Incorporation introduced and advanced mobile phone named I phone 6... Lifecycle...
1 Pages(250 words)Coursework

UK Holiday Market Research Report 2013/2014

...holidaymakers were the most eager to explore new holiday homes with half of 16-24-year-olds (49%) saying this is quite likely, and a further 16% prepared to say they are confident they will go to a new holiday destination. Meanwhile, older users are more conservative, in that, 56% of over 65 and 51% of 55-64-year-olds said that they would not or would be unlikely to visit a country they had never been to before. 3.2. An overview of Air Travel The largest airline in the UK, by total passenger uplift, easyJet, increased volumes carried by a significant 6% during the last one-year ending October 2014; this is according to MINTEL’s report. Apart from Easy Jet, British Airways Plc, Monarch...
12 Pages(3000 words)Essay

SABMiller Plc and Kingfisher Plc

...SABMiller Plc and Kingfisher Plc SABMILLER PLC Company profile SABMiller Plc (SAB.L) was founded in South Africa in 1895 and only acquired its present name through the purchase of the Milwaukee U.S.A. brewer in 2002. This was in the wake of a series of acquisitions of local breweries in Europe, Asia, and the United States. The company carries six of the world's top 50 beer brands; it is also a major bottler of Coca Cola products. With brewing and distribution operations in the world's six continents, SABMiller is the world's second biggest brewer. It is headquartered in Westminster, London, UK. The economy. A company with interests so geographically dispersed as...
10 Pages(2500 words)Coursework
sponsored ads
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.

Let us find you another Essay on topic Monarch PLC Airlines for FREE!

Contact Us