In addition, assess the Company’s commitment to strong corporate governance and diversity within its leadership structure and make any recommendations you would have as to the composition of the executive leadership team or the Board of Directors. 3. Risk assessment also occurs at the financial statement level. Identify what you consider to be critical (significant) accounting policy areas for Southwest Airlines Co. 4. For the critical (significant) accounting issue of “Revenue Recognition” (a.)
In JetBlue case, the current economy situation creates high market entry barriers, which consists extremely high fixed cost and numerous capital requirement. Moreover, the potential and existing competitors affect the industry has a low profit margin, and it is difficult for new entrances to differentiate their products and services from competitors. The bargaining power of supplier is high. The key inputs for the airline industry are the fuel and aircrafts. Boeing and Airbus dominate the aircraft manufacturing industry.
We receive parts from companies, which we process to their specifications, and send them back out to them ready to be shipped out to many different customers. We currently have many different types of parts on many different types of commercial planes and fighter jets. 1.2 Explain the organisations mission and purpose. King and Fowlers mission is: • To develop strategic partnerships with the worlds leading customers. • To develop leading-edge supply chain integration systems and processes operated be a multi-skilled team of experienced engineering and procurement professionals.
Security Assessment and Recommendations for Aircraft Solutions Constance Ross Submitted to: Professor Kevin Reynolds SEC571 Principles of Information Security and Privacy Keller Graduate School of Management Submitted: January 27, 2013 Table of Contents Executive Summary 1 Company Overview 1 Security Vulnerabilities 3 A Hardware Firewall 3 A Policy 3 Recommended Solutions 4 A Hardware Example Solution 4 A Software Example Solution 5 Impact on Business Processes…………………………………………………………. 6 Budget…………………………………………………………………………………… 7 Summary………………………………………………………………………………… 8 References 9 Executive Summary Aircraft Solutions (AS) is a recognized leader in the design
Before becoming captains, pilots must earn sufficient fly hours. However, flying schools do not have enough instructors to train enough new pilots. In response, the airline industries face increase labor costs as they raise pilot salaries in order to attract pilots. (3) Post 9/11 Aviation Security: after the 9/11 terrorist attacks, Congress passed the Aviation and Transportation Security Act (PDF), which created the Transportation Security Administration (TSA) and mandated that federal employees be in charge of airport security screening Jet Blue was a discount airline carrier. It offered passenger law fares; operated point to point system.
The design process starts with the aircraft's predetermined purpose. According to their purposes the path of design will has a shape. Issues are civil and military that mentioned it before. If it is for civil economic, safety, low system cost, long service life, if it is for military mission accomplishment ,survivability, damage tolerance are important in
Some of the threat that JetBlue may face that would threaten their ability to satisfy stockholder expectations would be the increase in fuel. JetBlue may also face threats from competitors that may try to offer lower prices since the industry is still growing. JetBlue can seek to lock-in contracts with fuel suppliers that will help them control the expense of fuel. By locking in the price with a contract they will be able to predict their cost for the term of the contract and also be able to maintain lower prices than other airlines that are not on contracts. JetBlue also needs procedures in place to monitor the industry and be willing to change and adapt to
Boeing, a recent leader in the commercial and military aerospace industry, believes in delivering innovative engineering solutions to accelerate development of tomorrow’s products. Boeing strives to continue being the leading company in its industry, despite its resent down turn in demand to a rivalry company Airbus. The competitive advantage that Boeing holds over Airbus is it innovative strategy and its ability to create opportunities out of its misfortunes. There are many internal and external facts that play into Boeing’s and the industries success, such as the high bearers to entry, manufacturing techniques, and lower breakeven point. Boeing is a company that has the tools to stay as an industry leader, as long as it uses its competitive advantage of innovation; Boeing is a company with the potential to stay on top.
When examining the problems at hand, it becomes clear that Boeing should focus on structure. Boeing has recently undergone some mergers and acquisitions and has a giant need to integrate these companies into the Boeing family so employees and consumers aren’t confused and to eliminate duplicate functions between organizations (Galbraith 2000). Secondly, technology is lagging not just in operations, but in employee data tracking and knowledge management. Another application of this could be in the marketing department through the use of metrics to better meet market demand. The use of a knowledge management system would also help to address the collaboration problem that Boeing has between employees.
What are the forces driving competition in the airline industry? Using this approach to industry analysis discussed in this chapter, evaluate each of the six forces in the task environment to ascertain what drives the level of competitive intensity in this industry. Threat of New Entrants – Low Larger, and more established airlines can achieve economies of scale since they can spread costs among a larger fleet of airplanes and more routes. Smaller firms and new entrants will have to make do with specific routes; otherwise, they can run into logistical problems if they take on a wide variety of routes while they are still starting up. Most airline customers travel for vacation or holiday, and plane fares are a more important criterion rather than product/service differentiation between the airlines.