StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

INTRODUCTION TO STRATEGIC MANAGEMENT - Essay Example

Cite this document
Summary
INTRODUCTION TO STRATEGIC MANAGEMENT By Insert Your Name Presented to Course Institution Name, Location Date Due INTRODUCTION British airways are a career airline based in United Kingdom having its headquarters in Waterside at London Heathrow Airport…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
INTRODUCTION TO STRATEGIC MANAGEMENT
Read Text Preview

Extract of sample "INTRODUCTION TO STRATEGIC MANAGEMENT"

Download file to see previous pages

It also controls two other smaller regional airlines Cambrian Airways based in Cardiff and Northeast Airlines operating from Newcastle (Hatch 2003). The four airlines merged to form one British Airways, it started as a state own corporation until 1987 where it was sold as part of the government privatization plan. Since its privatization the company has expanded its operations acquiring British Caledonian, Gatwick airline carrier and Dan-Air. The company has the latest airbuses, airlines and Dream liner’s after making a major long-haul fleet replacement of its fleet (Evans2012).

The bottom-line of its long-haul fleet is its purchases from its long-time customer Boeing with 52 examples in service. It is notable that it is only British Airways and operator which have this kind of flight and service worldwide. The company is also attributed to the founding of Oneworld airline alliance, Cathay Pacific, American airlines and Qantas. The parent company of British Airways Company, International Airlines Group is also listed on the London stock exchange and also in the FTSE 100 Index.

In 2009 British airways merged with Iberia and in 2010 it was approved by the European Commission under competition law. This allowed American Airlines cooperate with British Airways under International Airlines group on trans-Atlantic routes to various American destinations. With this merger International Airlines Group became the world third largest Airline and second largest in Europe in terms of annual revenue. In 2012 the company purchased British Midland International and it considers opening a new subsidiary to be based in London city airport operation Airbuses.

British Airways being among the largest airlines holds United Kingdom Civil Aviation Authority license which allows the airline to carry passengers, cargo and mail with 20 or more seats. It is notable that its key major rival is easyJet airlines because it is a low cost carrier (Evans2012). The company has various subsidiaries and shareholdings where it has put much focus on the financial markets and leisure industry. In addition British Airways has a cargo branch which has worldwide global freight opportunities operating along its routes.

British Airways is considered the largest shareholder in the airline transport industry in the world. The world carrier serves over 100 destinations globally as well as domestic flights (Hatch 2003). The carrier has also joined the few carriers that have its operations in all the continents. Strategic management process is the process which guides members and stakeholders of an organization to envision its future. This process is also essential for developing the necessary operations and procedures to achieve sustainable future for the achievement of both long-term and short-term goals and objectives.

According to David Williamson (2012) the strategic management process can be viewed as a circular flow of action steps whereby the results from one step are used to initiate an action in the next step (Williamson 2012). Therefore it can be argued that issues arising in an organization in a particular step help the strategic management teams to plan for the future of the organization making adjustments or additional work adopting the required strategies. To achieve the desired results the underlying stages can alter the flow of the stages to suit the particular needs of the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“INTRODUCTION TO STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 3750 words”, n.d.)
INTRODUCTION TO STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 3750 words. Retrieved from https://studentshare.org/management/1477839-introduction-to-strategic-management
(INTRODUCTION TO STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 3750 Words)
INTRODUCTION TO STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 3750 Words. https://studentshare.org/management/1477839-introduction-to-strategic-management.
“INTRODUCTION TO STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 3750 Words”, n.d. https://studentshare.org/management/1477839-introduction-to-strategic-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF INTRODUCTION TO STRATEGIC MANAGEMENT

Strategic Management in Action: Wal-Mart Stores

The research “strategic management in Action: Wal-Mart Stores” was carried out by using interviews and surveys in collecting the data, the researcher was able to accomplish the projected goals of the study.... The different categories under which the participants were divided were based on the management level, with few senior managers participating....
6 Pages (1500 words) Case Study

Strategic Management - Resources and Capabilities of McDonalds

strategic management Table of Contents Introduction 3 Resources and Capabilities of McDonald's 4 Assessment of Resources and Capabilities of McDonald's Based on strategic management Theory 6 Competitive Advantage of McDonald's Aligning with Resource and Capabilities 8 Conclusion 10 References 11 Introduction Strategy depicts the range of actions that initiates by an organisation in order to mitigate any sort of vulnerable business situations (Bracker, 2001).... hellip; The perception of strategic management is referred as the process of decision-making by analysing certain organisational aspects for gaining sustainable competitive position....
8 Pages (2000 words) Coursework

Purposes and Benefits of Strategic Planning

The plans are always based on the goals, regardless of the ways one is trying to achieve the goals through, in the same way when we talk about "strategic Planning", it means the use of strategies through which we would carry out our plans, strategy is the best way a company employs, out of several available options to reach the goal, strategic planning has numerous benefits in a business, as a blind cannot move without stick properly, the same way a business cannot move without strategic planning. … The basic purpose of strategic Planning is to move the organization or business in a way that is feasible for every one related to business or organization, it includes minimizing the chances of loss, and maximizing the chances of profitability in the long run, it means that its another purpose is to secure the position of the firm or organization after a period that is usually longer than one year....
6 Pages (1500 words) Essay

Strategic Management - The Planned and Incremental Approaches

Some theorist do believe that the traditional approach is the standard approach to strategic management however it can no longer cope up with the complexities of the new demands (Dess, et.... This is where strategic management play a vital role in the organisation's survival.... The Positioning of the organisation through strategy, responding to real time issues through strategic management and managing the resistance offered by the competitors through systematic planning are some of the broader aims of strategic management (Ayanda, M....
8 Pages (2000 words) Essay

Strategic change management

hellip; strategic management is a proven and effective method employed by organizations to achieve their long-term goals as it helps in identifying appropriate interventions which can be integrated with organizational systems; these interventions can be used to create short-term objectives aligned to long-term goals, which can drive organizational change and accomplish organizational goals.... The strategic management process is based upon the belief that organizations should continually monitor internal and external events and trends so timely changes can be made as needed....
6 Pages (1500 words) Research Paper

Strategic Management - How to Handle Layoffs by Robbins

Layoff refers to the temporary or permanent Strategic Management INTRODUCTION TO STRATEGIC MANAGEMENT: Strategic management refer to the examination of the factors that are very closely associated with the customers, competitors and organization where it provides ways for to rethink about the management practices that are being implemented.... strategic management refer to the examination of the factors that are very closely associated with the customers, competitors and organization where it provides ways for to rethink about the management practices that are being implemented....
2 Pages (500 words) Essay

Introduction to Strategic Management Report

The Japanese multinational has it's headquarter located in Aichi, Japan.... In 2011 the company was ranked third largest automobile company in terms of revenues.... General Motors came… A recent survey shows that the Toyota Motor Corporation is the second largest automobile firm in terms of revenue....
14 Pages (3500 words) Essay

Approaches of Michael Porter and Gary Hamel

The organizations, which have average market share, do not get high profits, a situation that necessitates changes in resource utilization and management strategies that the company must use to achieve the intended goal.... This is a make-or-break decision that the management needs to tactfully make as they lead the company towards its goals and mission (Hosmer, 2007)....
8 Pages (2000 words) Term Paper
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.
Contact Us