Air Asia Essay

Topics: AirAsia, Low-cost carrier, Airline Pages: 3 (1137 words) Published: August 25, 2014
Question : How would you describe Fernandes’ entrepreneurial strategy? 1. General. Tony Fernandes was a risk taker; he bought his airline without prior knowledge about aviation as well as firsthand experience with the airline industry. He said in one of the interviews, “Go with your gut, give it your best bet and you may fail, but don’t give up” (INSEAD Knowledge, 2007). This statement shows the type of the person that he is. He is an independently-minded person who knows when to trust his gut. With his marketing and entrepreneurial ability, he was able to make his dream come true.

Dato' Sri Anthony Francis Fernandes – founder CEO of AirAsia

2. Entrepreneurial Strategies of Tony Fernandes.
a. A good grasp of finance.Fernandes is an accountant by training and good at numbers. Educated at the London School of Economics, from 1987 to 1989 he worked as the financial controller of British tycoon Richard Branson’s Virgin Records in London. He got a good understanding of accounting and finance (Flores, 2013). b. Taking Care of Key Assets. One of Fernandes’ strengths is his caring for and nurturing good employees. He sees people as the “key asset” of any business and hopes to help develop their full potential, passions and dreams. His business offices have no walls and he seeks ideas from his staff (Speaker Ideas, n.d.). c. Steady Branding Strategy.Tony Fernandes said it took him seven years to consciously and consistently build up the AirAsia brand name and logo as distinct and internationally known (Times Internet Limited., 2014) . d. Efficient Marketing Strategy. Tony Fernandes invests in and excels in marketing. He said: “If you have a great product but no one knows about it, its history” (Flores, 2013). e. Use of Digital Technology. Fernandes believes in using digital technology for his businesses. Much of his business comes from AirAsia.com. It is part of his clever marketing strategy to make passengers discover and enjoy his website (Flores,...

Cited: Agarwal, D. (2014, May 8). Opinion: AirAsia India Granted Permission, But Should Wait to Commence Flights. Retrieved from http://www.bangaloreaviation.com/: http://www.bangaloreaviation.com/2014/05/opinion-airasia-india-granted-permission-wait-commence-flights.html
Cahill, J. (2014, March 25). Review: AirAsia X Premium and Economy Class. Retrieved from http://www.gotravelyourway.com: http://www.gotravelyourway.com/2014/03/25/review-airasia-x-premium-and-economy-class/#.U_ZncPldUmM
Flores, W. L. (2013, December 16). 12 Success Strategies of AirAsia Boss Tony Fernandes. Retrieved from http://www.philstar.com: http://www.philstar.com/business-life/2013/12/16/1268045/12-success-strategies-airasia-boss-tony-fernandes
Harvey, C. F. (2012, November 22). Tony Fernandes — “Dream The Impossible”. Retrieved from http://www.chrisfharvey.com: http://www.chrisfharvey.com/2012/11/tony-fernandes-dream-the-impossible
INSEAD Knowledge. (2007, August 26). CEO view: Tony Fernandes of AirAsia. Retrieved from http://knowledge.insead.edu/: http://knowledge.insead.edu/leadership-management/strategy/ceo-view-tony-fernandes-of-airasia-2108
Ong, Y. (2014). Fernandes Quits F1, Joins Other Asian Tycoons With Troubled Racing, Soccer Club Histories. Retrieved from http://www.forbes.com/: http://www.forbes.com/profile/anthony-fernandes
Papars. (n.d.). Air Travel. Retrieved from www.answers.yahoo.com: https://answers.yahoo.com/question/index?qid=20070608233854AAwM19u
Speaker Ideas. (n.d.). Tony Fernandes. Retrieved from http://www.speakerideas.com: http://www.speakerideas.com/tony-fernandes
Times Internet Limited. (2014). People. Retrieved from http://economictimes.indiatimes.com: http://economictimes.indiatimes.com/slideshows/people/the-story-of-tony-fernandes-and-airasia/tony-fernandes-would-have-ended-up-as-a-doctor/slideshow/18608948.cms
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Air Asia
  • Air Asia essay summary
  • Air Asia Essay
  • Essay on Air Asia
  • Air Asia Essay
  • Air Asia Essay
  • Air Asia Essay
  • air asia Essay

Become a StudyMode Member

Sign Up - It's Free