Question

In: Economics

Explain how vision, mission and strategies planning of a airline company affected by the covid19 ?...

Explain how vision, mission and strategies planning of a airline company affected by the covid19 ?

Solutions

Expert Solution

Covid-19 & Airlines

Covid-19 pandemic had huge impact on various economical and social activities. Many firms are facing hard negative impacts on their supply of output and services. Sudden shut down of many firms and industries leading to scarcity in production, export, transportation and closing of international boundaries had affected airline services. With a huge and sudden fall in the number of customers, many of the airline companies are facing problems on their vision, mission and strategic planning.

Lack of adequate economic environment can easily neglect the scope of strategic planning and visionary policies by firms. With restrictions on the functioning of firms and their ability to provide services, an efficiently performing firm may even fall into crisis. Airline services were facing a day by day increase in the number of consumers before the period of pandemic. Domestic and international services providing competition in the sector with various service providers was able to attract a huge number of customers especially in domestic services. The number of people using airlines for domestic journeys was increasing before the pandemic. Many of the firms were expanding their services with increased demand for journeys with strategic planning and vision. The sudden appearance of the pandemic affects the number of consumers to fall in a huge rate due to safety and other measures. The companies are unable to take advantage in the fall in fuel prices because of unavailability of the consumers. Strategic planning and visionary policies could only help a sector or market which faces a gradual or sudden increase in demand. Here, in case of airline services, with a large fall in demand due to various factors have nothing to do with planning or mission at least for a short run period. Government relaxations, with much safety measures cannot make a sudden stimulation in the demand for services. Also, people becoming more aware about the consequences of travel, they change their pattern of behavior and preferences of travelling thus reducing the demand for the service.


Related Solutions

Company : EMIRATES AIRLINE 4.        Page 1-2: Briefly Describe the business, mission and vision of the Emirate...
Company : EMIRATES AIRLINE 4.        Page 1-2: Briefly Describe the business, mission and vision of the Emirate Airlines 5.        Page 3-4: Briefly Describe your strategic management (what and why it is important) 6.        Page 4-6: Briefly Describe how the Emirati company manages the topic and the SWOT 7.        Page 7-9: Give Five suggestions to improve the topic.   8.        Page 10: Five lessons you have learnt in doing this assignment. 9.        References
Using the Action Planning template (Task 3) and relying on the current mission and vision in...
Using the Action Planning template (Task 3) and relying on the current mission and vision in the strategy of an organization of your choice (your employer or your own perhaps), design an Action Plan (different from the one you had prepared as a course assignment) with a minimum of 2 or maximum of 3 activities and provide a 1-2 paragraph accompanying narrative which describes these activities and the rationale for the importance of this AP to the overall organizational strategy.
How do a vision and a mission create value for a company? What characteristics does an...
How do a vision and a mission create value for a company? What characteristics does an effective mission statement have? Is your team’s mission statement effective? Why or why not? What do the terms human capital and social capital mean? What is the importance of human capital and social capital to a firm?   What are you doing to build your own social capital? answer any one of these
Choose a company and share their mission and vision. Write a one-page analysis of how the...
Choose a company and share their mission and vision. Write a one-page analysis of how the company is implementing the mission and vision in the business.
2- Explain the difference between a firm's vision and its mission. How might these impact the...
2- Explain the difference between a firm's vision and its mission. How might these impact the actions of an organization?
A BUSINESS PLAN STRATEGY FOR OPENING A HAIR SALON Vision Mission Objectives Values Strategies Goals Programs
A BUSINESS PLAN STRATEGY FOR OPENING A HAIR SALON Vision Mission Objectives Values Strategies Goals Programs
a strategy captures and communicates how vision and mission will be achieved and which goals and...
a strategy captures and communicates how vision and mission will be achieved and which goals and objectives show that the organization is on the right path to achieving them.” What negative consequences can emerge when vision, mission, or values contradict strategy? Name a time where you believe strategy was not aligned with vision, mission, or values. How can leaders ensure that strategy matches the vision, mission, and values? min 250 words o more
In this unit, the text states: “…a strategy captures and communicates how vision and mission will...
In this unit, the text states: “…a strategy captures and communicates how vision and mission will be achieved and which goals and objectives show that the organization is on the right path to achieving them.” What negative consequences can emerge when vision, mission, or values contradict strategy? Name a time where you believe strategy was not aligned with vision, mission, or values. How can leaders ensure that strategy matches the vision, mission, and values?
Define relationship marketing and how it might fit into the mission or vision for any given...
Define relationship marketing and how it might fit into the mission or vision for any given product in the overall organizational plan? How can the marketing mix elements of branding and advertising use relationship marketing to increase customer satisfaction with a brand?
Discuss how supply for tour packages are affected by COVID19? Relate to microeconomics concept.
Discuss how supply for tour packages are affected by COVID19? Relate to microeconomics concept.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT