This essay focuses on Diversification and Dynamic Strategy. These considerations can help the airline remain as profitable as possible while serving
The low cost coupled with effective scheduling for punctual arrivals makes it possible for the various people to consider their service to be the most valuable and most relevant. The airline can also use the data they collect from their website to design their flights to meet the various spikes in demand all year round. These considerations can help the airline remain as profitable as possible while serving very many passengers.
Diversification and Dynamic Strategy
If you have participated in writing such a plan, you may feel. It is that strategic planning is a waste of time, and if that. It is the last time you looked at it, you are right. Strategic planning was never meant to be a one-off activity . This is for executives or entrepreneurs to engage in once every blue moon. This is or when pitching your business to a new investor community, banker or strategic partner. Although a plan is certainly useful for all of those activities, the primary reason to have a strategic plan is to direct the daily activities of the business successfully to reach a goal.
In fact, thinking strategically is a core leadership skill that absolutely needs to be on your leadership team
The airline can take a diversification strategy by increase the sources of revenue that it has. One of the largest opportunities lies in the process of servicing and repairing other airlines planes. The airline has more than 400 planes, which means they operate a large engineering division. By offering the services to other airlines, the firm can get more money from an activity that has nothing to do with carrying more passengers. Such diversification could also be critical in the process of helping reduce dependence on ticket sales.