...asia------------------------------------------------- the AirAsia Company strategic management: “ How AirAsia can be a leader in the lowest cost carrier in the airplane industry” August 31, 2009catatanraufmenduniaLeave a commentGo to comments 1.0 Introduction “Without a strategy the organization is like a ship without rudder, going around in circles”. (Joel Ross and Michael Kami) Nowadays, the competition among airplane industries is very tough. According to Daniel Chan (2000), with just about two years to go to the turn millennium, air wars over Asia are hotting up, with some of the world’s biggest airlines engaged in intense over Asian skies[1]. Each Of Airplanes Company in the world trying to conduct some strategies to compete with another competitor in their industry. A lot of airplane companies come out with different strategies to make their company better than their competitors. To compete with their competitor in the business environment, a company needs to make a strategy to achieve their long terms objective and can be successful for doing their business. Moreover, to be successful in their long terms objective and their business, company need to identify their strategic management, because with good strategic management company can be achieving their vision and mission to achieve the successfulness in their business. Regarding this issues, the strategic management becomes important due to the following reason such as globalization to survival their business, and...
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...of Space Technology, Vol 1, No. 1, July 2012 Risk Management Strategy for Remote Sensing Satellite Project, following the customization of ECSS Standards Musaddiq Ali Shah#1, Faisal Yousuf Khan#2Asma#3 Satellite Research & Development Centre, Karachi Pakistan Space & Upper Atmosphere Research Commission Tell# +9221 3523 3354, Fax# +922135293208 1 pm.prss@suparco.gov.pk 2 fyk73@yahoo.com 3 asma.riaz21@yahoo.com Abstract— It is a very well established and understood aspect, that to be successful in a mission/project, the executing organization must be dedicated to deal with the management of the risks, proactively and constantly, during all the phases of the project/ mission. In fact the mission risks have their origins in the unpredictability factor that is there in all the missions; whereas the major aims of the risk management strategy are to maximize the likelihood and consequence of the constructive actions, and minimize the possibility and consequence of the actions undesirable to the mission. The Cooperation European for Space Standardization (ECSS), Management of Risks standard provides a state of the art model for integrated risk management, in space related projects; describing the principles and requirements, to enforce a mission-incorporated, management of risks policy, undertaken by the mission stakeholders. In this presented research work, we have customized the Risk Management ECSS standard, for the specific characteristics and...
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...Introduction: Management Control System: Methods of collecting information that are used to guide and direct the behavior of staff members and management in order to achieve a company's goals are Management control systems briefly. A management control system may use a variety of techniques to evaluate various areas to improve performance and productivity. Some areas addressed by management control systems may include accounting methods, employee incentive programs and performance measurement. Accounting methods are often implemented and evaluated as part of a management control system. To control financial activities within a company, the area may be broken down into financial and managerial accounting. Financial accounting generally focuses on internal issues, such as reporting sales costs, while managerial accounting may focus on methods for determining product costs. While both areas cover business accounting issues, their methods of application generally differ, and separate systems implemented by a management control system may aid in ensuring reports remain accurate and impartial. Managerial accounting is typically responsible for providing management with information on controlling costs and improving the production process. Managerial accountants may also provide cost information on new products, make pricing decisions and monitor actual and budgetary costs. General financial accounting within management control systems aims to focus on a company's internal...
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...HISTORY OF THE AIR ASIA AirAsia Berhad is also known as AirAsia which is a Malaysia low cost carrier (LCC). It is an aviation company which provides main activity that is air transportation service. AirAsia is the starter and leading the low cost travelling in Asia where operate scheduled domestic and international flight and is Asia’s largest low fare. Air Asia has been established seen 1993 and it has been executed start from 18 November 1996. When it is being established, AirAisa was originally founded by the government owned conglomerate, DRB Hicom. But unfortunately, the incident of World Trade Center attacked by terrorist on 11 September 2001 which influence the airline market trend and leading the worst loss in financial. On 2 December 2001, it was purchased by former Time Warner executive Tony Fernandez’s company Tune Air Sdn Bhd and who has remarkable turnaround which making a profit in 2002. AirAsia is the first aviation industry in the region to adopt fully ticketless travel and unassigned seats by implement and maximize their IT field such as yield management system (YMS), computer reservation system (CRS) and enterprise resource planning system (ERP). Those systems given a lot of beneficial in their area such as create its own web page which provides the facilities to book the seat via online and lead the low expenses. However, as of 5 February 2009, AirAsia has adopted allocated seatings across all AirAsia flights, including in their sister airlines...
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...2013/14 Project Proposal The Implementation of a SAP Financial Management System Leanne Harper Contents Page 1. Business case for proposed change 2. Figures Fig 1. Revision table 1. Revision History Revision Table (Fig 1) Revision Date | Summary of Changes | Reasons | Changes Accepted | 13th December 2013 | First Revision – Adding a pilot software installation | Pilot scheme would enable staff to use Voyager before sign off. This will eliminate potential project risks. | 16th December 2013 by Howard Trotter (Director) | | | | | 2. Business Case for the proposed change Shelforce is a sheltered employment facility that sits within the Development directorate of Birmingham City Council. The purpose of the business is to manufacture pvc-u windows and doors whilst providing employment opportunities to disabled people. The 3 critical success factors of Shelforce are; * To provide employment opportunities to some of Birmingham’s most vulnerable, disabled people in a sheltered environment geared towards up skilling them for mainstream employment * To manufacture quality pvc-u windows and doors which meet the requirements of customers and focus on this as their unique selling point rather than the disabled workforce element * To promote social inclusion for people with disabilities with working with employers and educating those in order to remove the stigma attached https://www.shelforce.co.uk/sustainability.html ...
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...environment will be success in the market. The AirAsia Berhad is successfully had a high performance in the previous turbulence environment it faced. Now, the AirAsia Berhad had become the leader in the lowest cost carrier in the airplane industry. Cost Leadership Strategy Datuk Tony Fernandez as CEO of AirAsia Berhad said his philosophy is very clear: before a business can grow, it needs to have its costs under control. It must be cost-efficient and profitable, and it must create value. Costs that do not add value must be contained, reduced and even eliminated. It means that AirAsia can be growing in the airline business if they can control their cost. The cost that they have to running there must be efficient and reliable. Everything that can make inefficiencies must be reduced and possibly to eliminate. AirAsia can be possibly competing with other airplane industries if they can make efficiencies to reduce cost and make the low possible fare than other airplane industries. Alignment with what Datuk Tony Fernandez said AirAsia business strategy was centered on cost leadership which targets specific markets which are price sensitive customers. The cost leadership in AirAsia Company is already approving because AirAsia more focused and concentrated in the lowest cost carrier in airplane industries. AirAsia builds and sustains its competitive advantage by providing services at a price that simply lower than competitors price. Operation effectiveness and outstanding efficiency...
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...Strategic Management Strategic Management Submitted by: Ridhi Mundra 13A1HP124 Submitted by: Ridhi Mundra 13A1HP124 Company: McDonalds The McDonalds Corporation is the largest hamburger fast food chain in the world. It serves around 68 million customers daily in 119 countries. The company’s headquarters is in USA. The company has expanded its business across the globe through franchisee and affiliations and company owned outlets. McDonald’s revenue is not just from sales of the fast food but also royalties and rents i.e the company has many sources of other incomes as well. The company very well understands the changing customers need and accordingly alters its menu. To enter the Indian market McDonalds completely changed its menu to suit the Indian taste buds and has been very successful. The company follows a low cost leadership strategy and thus is able to deliver a low cost happy meal. The company provides good quality fast food at very low prices that competitors find it very difficult to match. The company is able to deliver its products at low prices because firstly they have vertical integration for few of its raw materials plus they buy other ingredients in bulk which lets them take the advantage of economies of scale , secondly they employee people with just basic educational qualification as mostly everything is machine operated the art of cooking is not needed. Thus the employees cost is also...
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... | |18/04/2011 | | | | [pic] Executive Summary The purpose of this report was to analysis costing system at John Deere Component Works (B). Specific objectives were to analyze the reports prepared by William and Vintila and offer recommendations on their suggestion. Table of Contents 1. Executive Summary ………………………………………………………………………………………………………. 2 2. Table of Content ………………………………………………………………………………………………………………..3 3. Introduction ………………………………………………………………………………………………………………… 4 4. Conclusion & Recommendation ………………………………………………………………………………………………. 5 5. Discussion 5.1 Product Cost under ABC ………………………………………………………………………………………….. 6 5.2 Product Mix has shifted ………………………………………………………………………………………….. 6-7 5.3 Assumption about Cost Variability in ABC ………………………………………………………………. 7-8 5.4 Development of ABC ……………………………………………………………………………………………… 8 5.5 Implementation of ABC …………………………………………………………………………………………. 8-9 5.6 Acceptance of ABC ………………………………………………………………………………………………… 9 5.7 Increasing Lot Size ………………………………………………………………………………………………….9-10 6. References …………………………………………………………………………………………………………………………….11 Introduction John Deere...
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...|Table of Content |2 | |1.0 Introduction |3 | |2.0 Company Background |3 | |3.0 Drivers of Change | | |3.1Internal Driver | | |3.1.1. Change of Management Level |4...
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...1. INTRODUCTION OF PROJECT Information system is the study of complementary network of hardware and software that people and organizations use to collect, filter and process, create and distribute data. The system is many have in all organization or company in this world that act as a catalyst in managing their data perfectively. For this case, the company has chosen to identify what the system that they use in managing their information and data in their company. The company that has chosen is Air Asia Airlines. Air Asia has been successful low cost carrier in operating in Asia region for these past few years and IT is one the major enables for the Air Asia’s low cost business model. Every single primary activity is supported by specific information technologies, for example, utilization of Computer Reservation System (CRS) and Yield Management System (YMS) are critical in the aviation Industry. Besides that, without employing these systems, no airline including AirAsia can operate. In addition, all airlines in LCC industry compete on costs, AirAsia Airlines needs to offer the lowest possible fare in order to win the competition in lower the costs as possible as need. In the way they want to lower the cost regarding the others airlines agency also do the same thing in lower the cost, AirAsia Airlines must more cheaper and affordable. However, this AirAsia Airlines are situated in many place in Malaysia. AirAsia Airlines opened many branches in this country to make sure...
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...The Development and History of AIRASIA AIRASIA is one among the top International brand in the low cost Airline Industry. Airasia brand came into existence in 1993, it was a joint public-private sector enterprise, however in 2001 current CEO Mr. Tony Fernandes purchased it and It was under him the Airasia brand got global recognition and unimaginable growth which started right from 2002 and continues till date, AirAsia started moving up the ladder under Tony's leadership from 2002 onwards by launching new routes from its main hub the capital of Malaysia till then the national carrier of Malaysia ruled the sky in and around Malaysia. In 2007, Airasia announced the birth of Airasia X the long haul budget flights, the first AirAsia X flight was from Kuala lumpur International airport to Gold coast in Australia thus began the journey from south east Asia to capturing routes in major cities around the world. In 2007, Virgin Airline chief had 20% stake in AirAsia X and had announced code sharing between Virgin Blue and AirAsia in and around Australian subcontinent. Profile of AirAsia: AIRASIA, is Asia's largest and one among the top 10 international brand in the low cost segment having physical base in three countries; Malaysia, Thailand and Indonesia. AirAsia has four subsidiaries: AirAsia, Indonesia AirAsia, ThaiAirAsia and VeitJet Airasia. The company has a strength of around 3000 staffs and It flies to around 65 destinations worldwide using the 97 aircrafts and another...
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...Chapter 3 Case Analysis of Management Control System Southwest Airlines Corporation Southwest Airlines actually could hit the company goal on achieving profitability for consecutive 32 times which is really good compared to others airlines corporations. The company could offer low cost fares to its customer mostly through website and also provides point to point flight majoring on short haul and medium flight. Besides, to ensure the organization reach company goals, the company put more effort on creating comfortable environment and culture for its employees. The company strategy is align with Anthony and Govindarajan (2005) statement about good management control system that is created to ensure that individual actions taken to achieve personal goals also to reach company goal. Southwest believe that the employees are the fundamental factor on company sustainability. The major impact from above culture is that it can make the employees feel comfortable and happy to work. As the result customer can experience good services from happy employees and the customer possibility to come back again will getting higher. Further impact, it could increase shareholder profit because more and more customer will come to buy company products. Southwest airlines focus on two strategies which are minimizing operating cost and employee management. It is because company prefer to use low cost to be company competitive advantages. Several actions done by Southwest to implement their strategies...
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...The allocation of the current method of allocating of warehousing and shipping cost is not really correct. The current method is direct method which ignores In term of Shipping and Warehousing cost, low volume products should incur this cost instead of both high volume and low volume products. Because, high volume products are deliveried directly to customer so it does not incur the cost of shipping. The low volume products which are sent to distribution center incurred the cost of shipping and warehousing. However, the cost of shipping and warehousing are allocated to both high volume and low volume products. Therefore, this allocation method is incorrect. ii. ABC systems uses different cost drivers for different activities so that they are more accurate cause of cost because they indicate the cause and effect relationship between the cost drivers and cost objectives. Therefore, the final product will show the correct resource usage per product. We assumed that ABC systems is more appropriate for costing high volume, low volume because firstly, the activity cost pool do not have the same cost driver and secondly, two products use the activities different per unit oof products. Activity | Cost | Activity cost driver | Paper machine OPeration | | Machine Hours | Finishing machine operation | | Machine Hours | Design | | Design Hours | | | | iii. Total cost of Sand W: $1,160,000 ( $500,000+$600,000) Total quantity of LVP: $40,000 (20%*...
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...sad March 18, 2011 at 10:56pm Foreign And Local Literature About Sales And Inventory System AMA EDUCATION SYSTEM LUCENA CAMPUS LC Pc Net Sales and Inventory System A Case Study Presented To The Dean and Faculty Of Department of Computer Studies Background of the Study Technology has taken a big leap forward in 21st century, with computer programs, electronics upgrading by the month & even by the day. Technology has influenced & greatly simplified almost in every aspect of a student’s life today. It is amazing what technology has done to our society and how dependent we have become on it. Having computers in the workplace has enable the business to our more efficiently and has contributed in having on all around Is this Essay helpful? Join OPPapers to read more and access more than 350,000 just like it! GET BETTER GRADES better businesses, using computers cut down our work time, we don’t have to write everything out by hands or type out on typewriters. This increase in usage of computer proves that computers have affected every aspect of our lives and have become one of the necessities. Many developers have contributed to such an advancement and widespread of computer technology. Nowadays there are so many companies using technical system to improve the quality of service of their company, but there are some companies still using manual computing for their product inventory like LC Pc Net Sales & Services. LC Pc Net Sales & Services is owned by Mr. Leo Boongaling...
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...CHAPTER 5: ACTIVITY-BASED COSTING AND MANAGEMENT QUESTIONS 5-1 Product costs are likely distorted when a firm uses a volume-based rate if the plant has more than one activity in its operations and not all activities consume overhead in the same proportion. The more diverse the product mixes of the plant are in volume, sizes, manufacturing processes, or product complexities, the greater the cost distortions are likely to be in using a volume-based rate. Undercosting a product may appear to have increased the reported profit the product earned (assuming the firm did not lower its selling price because of the reported lower product cost). However, the increased profit is, at best, a twist in truth. Costs of the product not charged to the product itself are borne by other products of the firm. Worse, undercosting a product may result in managers erroneously believing the product to be more profitable than other products and shifting the limited resource the firm has into manufacturing, promotion, and sales of the product when, in fact, other products are more profitable to the firm. Severe cost distortions may lead firms not to drop unprofitable products because the cost data show these products are profitable. 5-3 Overcosting does not increase revenues. A firm can increase the selling price of a product, thereby increasing the total revenue from the product only if the market allows. Increases in the selling price of a product without experiencing noticeable decrease in the sales...
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