These options serve as the basic framework for creating a marketing strategy along with business strategy of the firm. The travel company Virgin travel international (HTI) is planning to start its operation this year, which will serve products and services in the travel industry. The company will provide its services to the domestic and international tourists. The Dream line has the intention to provide both individual and group travel facilities to the cities in UK to the cities in India. The services that will be included in the package of the tour will include pre-arranges tours, custom packages according to client’s specifications, travel consultation, and as time progresses making reservations for lodging amongst other related services. The travel company Virgin travel international is planning to have a…
Bounded Rationality (p. 274)—the search for “good-enough” as opposed to ideal solutions in corporate decision making.…
VIRGIN MOBILE USA – ‘FIRST PRICE’ STRATEGY (An analysis of the Pricing Decision alternatives that Virgin has to undertake to create an alternate customer segment and monetize their buying power)VIRGIN XTRAS – OVERVIEWThe Virgin Mobile USA service involved content, features and entertainment, called “Virgin Xtras”.Collaboration with MTV networks as it was the most recognized youth brands in the country and unparalleled reach forthe under-30 market segment: Exclusive, multiyear content and marketing agreement. MTV network to deliver music, games and other MTV-, VH1-, and Nickelodeon based content to Virgin Mobile subscribers. Subscribers would have access to MTV- branded accessories and phones, graphics, ring tones, text alerts and voice mails. Promotional airtime on MTV’s channels and website. Virgin mobile subscribers to vote for their favorite videos on a few MTV shows.Other Virgin Mobile services that aimed to appeal to the youth market, generate additional usage and create loyaltywere: Text Messaging Online Real- Time Billing Rescue Ring Wake- Up Call Ring Tones Fun Clips The Hit List Music Messenger MoviesTraditional Channel Virgin’s ChannelServices sold at own proprietary retail outlets, kiosks in Services sold where youth shop especially consumermalls, high-end electronic stores, speciality stores etc. electronic goods in stores like Target, Sam Goody music stores, Best Buy.High-touch sales people who were paid high sales Products packaged in consumer electronics packaging, placedcommission to ensure hands-on service. on a bright red clamshell, which gave it visibility and no salesperson was required.Cost per handset from Nokia, Motorola, Samsung etc. - Cost per handset from Kyocera- $60-$100. Lesser subsidy$150-$300. Entailed substantial subsidy from the entailed by the company.handset makers, a component of acquisition cost.Distributors’ industry avg. Commission- $100/phone Distributors commission- $30/phone.The…
While the opinions Gordon Gecko held about Greed, Capitalism and ‘being on the inside’ make sense in terms of making money, they omit a lot of circumstances and human values. It is true that a profit focus makes for an efficient method of business growth and entrepreneurship. Profit is important to the extent that other parts of a company are considered: human well-being, affect on environment, community integration and the product it…
Virgin Holdings Ltd is an expert in the domestic and international travel industry. Previously known as Virgin Blue, and came to the Australian market in year 2000. Virgin is part of Virgin Group consisting of 400 other companies and founded by Richard Branson. At fiscal year end June 2012, flights operated reached 162,817 and 19,468,929 people were carried to 52 destinations. Revenue is $4,175 million with 5,300 employees. Virgin operates globally but domestic operations are the main income stream. Product line for short haul and long haul international flights as well as domestic include saver lite, saver, flexi, premium saver, premium, business saver, business.…
I have been asked to put together a research project covering a topic of my choice. With enough thought from myself and guidance from my lecturer I have chosen to base my project upon the question ‘Why is Virgin so successful’. I have chosen this topic as I feel the company Virgin owned by Richard Branson has made such a mark within the business industry by starting out with a partner and a record shop to owning Virgin by himself with the Virgin logo spread across 400 company’s world wide and growing. For these reasons this topic would not only be interesting but exciting to know how this once small company has grown into an arsenal of businesses.…
The Journalist Thomas Donaldson (1982)argues that with the fortifying of a company come along not only bigger profits but also widen social as well as ethical issues that inevitably arise with and that must be inevitably addressed in order to maintain a good image of the company itself.…
The Destination CEO videos offered a great insight into the lives of the people that have to run the huge organizations. It seems as if all of them have been faced with a challenge somewhere within their careers. The following paper will discuss the different corporate strategies: growth, stability, and renewal. It will also discuss how each CEO used the planning function of management which are concentration, vertical integration, and diversification.…
This means if you have not had sex before marriage, you are a good person. However, if you had sex before marriage, you are a bad person. Many people believe this idea which is why the “virginity movement’’ is promoted. While, people believe that this movement is beneficial for young adults because it decreases the chances of teen pregnancy, sexual transmitted diseases, and retains their “innocence”. However, instead of it being optional for young adults, it is forced. For example, one of the big events that promote the purity myth are purity balls. At a purity ball, daughters pledge to their fathers that they will not lose their virginity until marriage. Their fathers, are the keepers of their virginity, swearing to protect their little girl from men. However, most girls are not given the choice of wanting to pledge their virginity or not because their dads are making them to do it. For this ball, girls wear their best dress and get their hair and makeup done; even girls as young as six years old are covered with makeup and wear revealing dresses. Girls are seen as objects and displaying their virginity at a ball emphasizes this idea.…
Steers, R. M., Sanchez-Runde, C. J., & Nardon, L. L. (2012). Culture, cognition, and managerial leadership. Asia Pacific Business Review, 18(3), 425-439. doi:10.1080/13602381.2011.640537…
Unrelated diversification or conglomerate diversification was applied by the company. Virgin Group of UK was mainly associated with music and recording, however, the company ventured into new products and new markets including Virgin Cola, Virgin Megastores, Virgin Airlines and Virgin Telecommunications. As a result, the Virgin Group had been able to have a result of…
Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study Outline the Leadership Style of Branson and its effectiveness to the U.S today Richard Branson and Effective Leadership Incorporation of Branson’s Leadership at School or Work. The Leadership Style of Branson and its effectiveness to the U.S today Richard Branson, the chairman and CEO of the Virgin Group has come up with a type of leadership centered on employees. He has embraced transformational leadership model as a style of leadership. Transformational leadership is a leadership style that focused on effecting revolutionary change in organizations through a commitment to the organization’s vision. Transformational leadership includes engendering trust, admiration, loyalty, and respect amongst followers through application of charismatic vision and behavior. Transformational leadership encourages change through intellectual stimulation aimed at self-reflective change of values and beliefs. Vision is critical for transformational leadership because employees are more comfortable when they understand the vision and direction of the company going forward. Transformational leadership impacts individuals ' self-growth. Transformational leadership develops followers who can perform beyond their own and others ' expectations. Transformational Leadership starts with the development of a vision, a view of the future that will excite and convert potential followers. This vision may be developed by the leader, by the senior team or may emerge from a broad series of discussions. Transformational leadership focuses on social values and appears in times of distress and change.…
Richard Branson (2009) Business Stripped Bare: Adventures of a Global Entrepreneur. London. Virgin Books.Branson, Richard (29 March 2007). Screw It, Let 's Do It. London. Virgin Books…
was faced with the challenge of resurrecting his once dominant company in light of weak economic…
Actually, “Business stripped bare” is not a classic managers book, like Peter Drucker or Frederisk Taylor books, it is informal and practice oriented literature. I chose this book due to a couple of reasons, and the main one is that it is up-to-date. In it we can find a lot of actual business examples and learn from than something new, some special modern approach for my own future business. In my opinion, the best way to learn something, or to success in something – is to analyze real examples and experience of successful people, and Sir Richard Branson is one of them, one of the world’s most successful entrepreneurs and his Virgin Group is one of the most recognized lifestyle brands, trusted and enjoyed by many millions of people. Now, in his trademark charismatic and honest style, Richard shares the inside track on some of his greatest achievements over forty years in business as well as the lessons he has learned from his setbacks. In Business Stripped Bare, he discusses why he took on one of the world’s biggest super brands, how he built Virgin Mobile USA into the fastest growing company in history to reach a billion dollars in revenue, faster than Microsoft, Google or Amazon.com, and how Richard is the only person in the world to have built seven billion dollar companies from scratch in seven completely different sectors. Richard tells the story behind the launch of Virgin America, his new airline in the USA, how Virgin…