For this task I have been asked to describe the legal and financial aspects that will affect start-up of the business…
Identifying potential problems in your business is a daily task. At whatever level or stage your business is in, vigilance in the following areas will improve your chance of continued success: cash flow clogs can be problematic if the cash isn't flowing in fast enough; accounting enigmas and their paperwork can sometimes tie you up in knots: marketing, sales and advertising; employment issues; outgrowing facilities can introduce a new set of problems. Often, once identified, some problems defy resolution and must be managed as conditions to be endured rather than situations to be solved.…
There is considerable rivalry in the airline industry between new and more established businesses. Competition is strong between the budget providers, but is also an important force between easyJet and larger “flag carriers” such as Air France and Lufthansa on short haul routes (where price may be more critical)…
The airline business is an industry that is competitive and unique, focussing on consumer choice and the responsiveness of airlines to changes in the external business environment. For any airline, this environment can be very complex as it is ‘hard for them to fully understand and impossible for them to fully control’ (The Times, n.d. p1). Virgin Atlantic is an international airline that is based in the UK. It was started by the entrepreneur Richard Branson in 1982 and now flies to 30 destinations around the world (Virgin Atlantic Airways Ltd, 2011). By looking at the PEST forces of Virgin’s external environment, the aim is to see how these influence the airline and how Virgin can use this information to their advantage.…
Mayer, F. (2003). A Case Study of EasyJet and the Airline Industry, Germany: GRIN Verlag.…
Gittel, J. H., O’Reilly, C (2001). JetBlue Airways Starting from Scratch. Boston: Harvard Business School Publishing. Pp. 1-14 (78-91).…
COLOGNE BUSINESS SCHOOL (CBS) Case Study: Ryanair The future of the leading low fares airline Term paper for Transnational Management Summer Semester 2014/2015 Lecturer: XXX Anton Wischnewski BA12 in International Business / International Trade Student-No. XXX Table of Contents 1 Introduction ....................................................................................................2 2 Overview of Ryanair ......................................................................................3 2.1 3 Facts and Figures .............................................................................................. 3 Internal Analysis ............................................................................................5 4…
RyanAir stands out as it is the only low-cost carrier among the airlines examined. The strengths of this LCC compared to the “legacy carriers” such as Delta, United, and American is that the company serves only relatively short-haul routes throughout Europe which cost cheaper to operate and generally are not a huge loss in case of non-full flights. This allows for flight cost structure to be controlled easily and RyanAir has perfected the formula for offering cheaper flights to value-conscious consumers while realizing high margins for their flights. The disadvantages of RyanAir involve its network that is controlled in growth which only allows it to compete in the European market as opposed to the international market. The advantage of the legacy carriers compared to LCCs such as RyanAir involves the global network serviced by these airlines. American, United, and Delta are very strong not only domestically in the United States but internationally with service among 6 continents. The disadvantage of operating as many routes as a legacy carrier would is that profit margins would be lower as long-distance flights are less cost-effective than short-distance routes. On an investment standpoint, RyanAir should be a strong competitor in the market due to its business structure that allows it to maximize profits while maintaining a busy network…
Ryan brothers took account about various factors when he launched his company, the key choices from were: first, they chose the most lucrative route possible (at the moment one of the most lucrative routes for their competitors), and with a potential growth if they can attract passengers from train or sea ferries. In second, his position as late-movers, allowed them to enter in the market with a lower price than its competitors. A lower price is a good strategy to quickly gain market share. Last but not least important, thanks to his father’s money, they had sufficient financial resources to maintain their prices.…
In 1986, upstart airline Ryanair proposed to expand its business to the London-Dublin route, in direct competition with British Airways (BA) and Aer Lingus (AL).…
Strategic Management SIM336 Leadership and Organisational Strategic Change. Student A Student No.…
Emerald. Easyjet and Ryanair flying high on the Southwest model. Strategic Direction. Vol, 22, 6, 2006, pp. 18-21.…
The aim of this report is to carry out a strategic analysis of Ryanair. This will involve investigating the organisation 's external environment, to identify opportunities and threats it might face, and its strategic capability, to isolate key strengths and any weaknesses that need dealing with. Finally, a SWOT analysis will be carried out to assess the extent to which Ryanair 's strategies are suitable to what is happening in its task environment.…
budget sector. Business students at all levels enjoy this case and relate to it, since air…
There could be number of legal issues that could create a hurdle at the start of a business. Therefore, every issue or legal fear could be dealt properly in order to execute the starting process of the company in an efficient manner. The fears or a business might face issues related to operation and structure that could have legal implications. The primary things for starting business are the name chosen for the business should not be taken by anyone else because a unique name would create a space for the new business. The other matters related with the start of the business involves the structure of business, business licenses, agreements or contracts made with the suppliers should be kept confidential and secret, and ultimately the last thing is to allocation or identification of proper zone or geographic locations.…