Southwest Airlines Over 35 years ago‚ Rollin King and Herb Kelleher decided to create a different type of airline. They began with the simple notion: If you get your passengers to their destinations when they want to get there‚ on time and at the lowest possible fares‚ and make darn sure they have a good time doing it‚ people will fly your airline. They were right (Southwest Airlines‚ 2004)! What began as a small Texas airline has grown to become one of the largest airlines in the United States
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Southwest Airlines 2008 Introduction : While the airline industry in the USA has not made thriving financial headlines‚ Southwest Airlines has emerged as a successful organization. It has been able to make profit consistently and has sustained itself through difficult situations like recession‚ energy crisis‚ and September 11 terrorist attacks. Problem Statement : The problem under consideration here is: How can Southwest Airlines achieve a sustainable growth in future in spite of increasing
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INDIAN CONSUMER: CORE VALUES We are all consumers. Everyday‚ we consume goods and services as individuals‚ families‚ groups and organizations. With every passing year‚ the consumer has not only become smarter but also choosier with his purchase. On top of that‚ the fact that the competition and the variety of products available in the market only add to the marketers’ woes. To succeed in this dynamic and increasingly complex marketing environment marketers have an urgent need to learn and anticipate
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The Financial Performance of Low-Cost and Full-Service Airlines in Times of Crisis Triant Flouris‚ Thomas John Walker. Canadian Journal of Administrative Sciences. Halifax: Mar 2005. Vol. 22‚ Iss. 1; pg. 3‚ 18 pgs Abstract This paper examines the stock and accounting performance of three major airlines in the United States in the aftermath of the September 11‚ 2001‚ terrorist attacks. September 11 (9/11) resulted in dramatic changes in the airline industry and had significant implications for
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J370 Fall 2013 Practice Questions for Exam #1 IMPORTANT NOTES: 1-These questions are only intended to illustrate the kind/type of questions that will be on your examination. They are not intended to tell you the topics covered‚ but only to give you practice with the kinds of questions you will encounter. To prepare for the examination you need to be familiar with the topics covered in lecture and those discussed in the textbook. 2-There are 50 multiple choice questions on Exam 1. Forty-five
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How to Implement CSR How organizations implement CSR depends on how they define it‚ whether as a moral obligation and a rational approach to stakeholder satisfaction. It serves best when it is part of organizations’ culture‚ planning‚ and management. It has implications for budgeting‚ return on investment‚ and measures of effectiveness. As mentioned above‚ public relations practitioners not only participate in the dialogue to define CSR standards but they also play a crucial role in helping markets
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Ford’s Cost Cutting Strategies Lack of competitive strategy coupled with the economic downfall brought the big three to their knees. This generated a call to action and forced a shift in quality‚ perceived value and brand loyalty. While GM and Chrysler took the bailout from the American government‚ Ford sold off nearly 1/3 of its debt through the exchange of stock‚ sales of Hertz rental‚ reduction of 2‚700 American jobs and by restructuring market operations. While the American auto industry makes
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research is Southwest airlines. It has been one of the most successful airlines in the US‚ and with very high customer service ratings. This is very impressive to attain by such a small company in a very tough industry. Southwest is able to achieve such levels by having a clear mission of providing low-fare travel using a point-to-point system and not having a hub-based system. The company operates in relatively shorter routes and only maintains one plane type‚ its famous Boing 737. Southwest as an organization
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Discuss the corporate culture at Southwest Airlines and how it leverages its culture to achieve a competitive advantage. The corporate culture at Southwest Airlines can be defined within three areas including‚ core value‚ management style‚ and compensation. Southwest Airlines organization structure incorporated several areas but I was impressed with these three the most. Southwest Airlines had two core values‚ which emphasized on LUV and fun. Not only was LUV the company’s signature symbol
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and total trip time. 2) Low operating costs - Use a single type of aircraft (Boeing 737) that makes scheduling‚ operations‚ maintenance‚ and training more simplified. - Outfit the fleet with fuel-saving‚ performance-enhancing blended winglet that extend flight range‚ save fuel‚ and reduce engine maintenance costs and takeoff noise. - Fuel cost saving. Southwest effectively takes advantage of fuel hedging to buy fuel at lower prices. And to cut fuel cost Southwest also takes some other actions
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