It is one of the British Airways most efficient tactics that they try to keep the representation of their organization well maintained and strong. Managing for Stakeholders: Survival, Reputation, and Success. The suggested titles are not exhaustive and you should find further sources. Owing to this, British Airways need allocate resources by taking into account rules and regulations of different countries where it operates. Explaining the ways in which market forces shape organizational responses There are different parties which affect operation of corporation to a great extent. On the other hand, changes in fiscal polices like increasing corporate tax reduces profitability of the firm.
They are more willing to try out other or new airlines, which offer real value. In addition to this, management of British Airways provide detail information among shareholders and ensure inclusion of their views in the decision making process. Even though all of the mentioned factors have a large influence on the e-commerce operations of British Airways, technological factors are the crucial ones. Therefore, it is important for British Airways to concentrate on the most popular destinations of the world and target those customers who are interested in travelling there. Apart from this, increases fuel prices also increases cost of production. The Bank of England Since the start of the recent recession, the pound has weakened considerably.
Here, special offers which target large number of buyers Mohan, 2000. The customers differ in many ways; in terms of their resources; choice; location; buying practices etc. It seems as though changes in this environment can directly affect company performance. Conclusion The economic conditions affect greatly any airline industry. Further, corporation need to manage its employees according to the specific need of customers. The government may also decide the roles of the people.
Owing to this company affected to a great extent as the ratio of loss has been increased. The different extents of controlling the economy in countries that have socialist economy were assumed by the government long back. By encouraging a higher rate of consumer spending, the economy is starting to recover; this is a positive sign for British Airways as it means that customers are beginning to increase again. The supplier holds the power when they are the only or the largest supplier of their goods; the buyer is not vital to the… 1. The industry has progressed to the point where now it would be impossible to think of life without air travelling for developed countries. Airline, Avianca, British Airways 1179 Words 3 Pages Describe the internal and external factors to be considered when planning the human resources requirements of an organisation. British Airways includes not only the customers in their marketing activities, but also the stakeholders of the firm Hill, Jones and Schilling 2014.
In some countries, the management of the government has only the major industries under it while in other countries the government plays an extensive role over the economy. As the consumer is regaining faith in the economy they are becoming more likely to pre-book a holiday as they have more money available to them. This airline company provides private jets for wealthy people for national and international level. Journal of Air Transport Management, 28, pp. Without efficient transportation, many supplies and raw materials will not be brought from one place to another.
It enables management to assess the impact of these factors on performance of company. Some other critical success factors of this company are consumer loyalty; strong brand image; sensitivity to changing market needs etc. Similarly, new legislation have been formed for protecting environment and in case of non-compliance of these regulations government can take legal action against such types of firms British Airways, 2015. Thus, corporation is able to give quick response to its stakeholders and give them higher level of satisfaction Miller and Cross, 2009. Its capability to fly passengers securely has increased its competencies. Owing to this, British Airways cannot charge very high or low unless its services are unique from its competitors.
Perseus Publishing Current Publisher: Perseus Publishing. By analyzing the value chain of the company, it has been identified that company has achieved competitive advantages in many aspect. These very important factors to be considered come in the form of technology trends, economic and government trends, consumer trends and innovations. Legal: o Developments in price legislation; o Developments in legislation regulating e-commerce and online shopping. Further, governmental pressure in the form of high tax rate also the negative impact Henderson and Kelliher, 2010. There three kinds of economic such as free market economy, controlled economy and mixed economy.
The commitment of this company has led to achieve long-term growth in the revenue. In order to discuss the internal strategic position, the paper will focus upon the basis of competition; activities and resources of the company; culture of the company; stakeholders of the company. Governments of different countries all over the world put forward many security measures to fight the risk of violence and unlawful immigration. By forming ongoing association with the suppliers; sophisticated methods of stock control the British Airways has attained competitive advantage in inbound logistic. In addition to this, different stakeholders like employees, shareholders and customers as well as general community are provided good quality of services by taking into account specific need of all of them. State ownership of various means of production also comes under mixed economies.