...important to have the correct industry knowledge. To Virgin Atlantic, just knowing what the industry standard is not enough. The company must maintain up-to-date knowledge over their current market position in order to maintain its market share. Having up to date knowledge of the market share allows Virgin Atlantic to know how the company fits in the Industry. This data can be analyzed from the results of the World Wide Survey’s done the International Air Traveler’s Association (IATA), the Transatlantic Passenger survey (TAPS), and the Survey of Passengers on Europe Asia Routes (SPEAR). The results in surveys such as these have a profound on market share, business predictions, investments, and investors. Secondary market research is by definition, “Market research that’s already been compiled and organized…Secondary research uses outside information assembled by government agencies, industry and trade associations, labor unions, media sources, chambers of commerce, and so on” (Entrepreneur, n.d.). Virgin Atlantic Airways and competing airlines are subject to government, agency, trade, and consumers’ ratings, surveys, and opinions. The most powerful reviews are those that come from consumer reviews and agencies who cater to consumers providing statistics and company information regarding the company and industry. While conducting secondary research on Virgin Atlantic, commercial resources including consumer reviews and awards return the most...
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...On Kerima Polotan-Tuvera's The Virgin www.termpaperwarehouse.com › English and Literature Feb 15, 2014 - Read this essay on A Character Analysis on Kerima Polotan-Tuvera's the Virgin . Come browse our large digital warehouse of free sample ... Kerima Polotan Tuvera's The Virgin: The Feminist Approach ... ezinearticles.com › Book Reviews › Short Stories Mar 31, 2014 - Kerima Polotan Tuvera was a renowned Filipino author. ... and discovery of the story or any kind of literary piece using character analysis. lit102: philippine literature: The Virgin by Kerima Polotan lit102.blogspot.com/2007/08/virgin-by-kerima-polotan.html The title of Kerima Polotan's "The Virgin" gives us the subject-virginity, female virginity, a cherished value of Filipino Male culture. By presenting its protagonist as ... The Virgin By Kerima Polotan Tuvera Story Analysis Free ... www.studymode.com/.../the-virgin-by-kerima-polotan-tuvera-story-anal... The Virgin by Kerima Polotan-Tuvera Kerima Polotan-Tuvera's “The Virgin” is a short story that is centered on two characters namely Miss Mijares and The ... Analysis Of The Short Story Th Virgin By Kerima Polotan ... www.studymode.com/.../analysis-of-the-short-story-th-virgin-by-kerima-... The Virgin by Kerima Polotan-Tuvera Kerima Polotan-Tuvera's “The Virgin” is a short story that is centered on two characters namely Miss Mijares and The ... The Virgin by Irish Mozo on Prezi https://prezi...
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...Table of Content Executive summary 2 1. Analysis of macroeconomic and industry conditions affecting Virgin and Qantas in airline company industry. 2 2. Using Capital Asset Pricing Model to analysis two companies. 3 2.1 Risk-free interest rate 3 2.2 Market expected return 3 2.3 Beta 3 2.4 Expected return for two companies’ stocks using CAPM model 3 3. Comparative Equity Valuation – Qantas versus Virgin 4 4. Key financial ratios 5 4.1 Profitability Analysis 5 4.1.1Return on Asset (ROA) 5 4.2 Market price 5 4.2.1 Price-to-Earnings Ratio 5 4.3 Liquidity Analysis 6 4.3.1Current Ratio 6 4.4Debt and Long-term Solvency 6 4.4.1 Interest Coverage 6 4.4.2Leverage 6 4.5 overall analyses 6 5. An evaluation of firms’ strategic choices with the goal of creating shareholder value 7 6. Recommendation 7 Reference 8 Appendix 9 Executive summary Virgin and Qantas airline are two really important airlines in the aviation sector in Australia that listed on the Australian Securities Exchange. During our report, firstly, we analysis the Global and Australian macroeconomic environment, also including industry conditions affecting Virgin and Qantas in airline company industry. Secondly, a capital asset pricing model analysis is given for two companies’ stocks. Next part is the comparison of the Virgin and Qantas airline by the equity valuation. Then, there are some key financial ratios analysis of this two airline from the profitability analysis,market price,liquidity analysis...
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...| |EVIDENCE | |LEARNING OUTCOME | | | | | |Learning Outcome 1 |Understand the relationship between organisational structure and culture |Report | |AC 1.1 |Compare and contrast different organisational structures and cultures | | |AC 1.2 |Explain how the relationship between an organisation’s structure and culture| | | |can impact on the performance of the business. | | |AC 1.3 |Discuss the factors which influence individual behaviour at work. | | | | | | | | | | | | |Learning Outcome 2 ...
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...Contents ACKNOWLEDGEMENT ……………………….. ……………………… EXECUTIVE SUMMARY ………………………………………………. 1. PROBLEM STATEMENTS 1.1 How did they do it????...................................................... 1.2 How does being a decentralized organization affect the well-being of employees…………………………………………….. 1.3 Keiretsu………………………………………………….. 2. REVIEW OF LITERATURE 3.1 Structural design of organizations………………………. 2.1.1 Define a hybrid structure ……………….……… 2.2 Placing a substitute value on a brand name- Brand Franchising 2.3 Differenciate between a Transactional and a Transformational leader 2.4 Assets and Liabilities 2.5 Distribution of empowerment – Decentralization 2.6 Interlockig business partnerships 3. ALTERNATIVES 4.2 Design, structure and practices of Virgin………………… 3.1.1 A heirarchy with no rigid control, freedom to authorize 3.1.2 Types of departmentalization 3.1.2.1 Customer based……………………… 3.1.2.2 Location based………………………. 3.1.2.3 Product based………………………... 3.2 Define a leader with vision, openness and relentless thinking capacity 3.3 Encourage, welcome, embrace, discuss and let know 3.4 A store/ IDEA BANK that works as a reception for novelty. 3.5 Nullify the threat of losing market share, cooperate with many buyers or suppliers 4. IMPLEMENTATION 5. CONCLUSION 6. REFERENCES ACKNOWLEDGEMENTS I have taken effort into the matter...
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... Tutor: Christophe Garonne (Tutorial 8) Word Count: 2160 1.0 Executive Summary The air transportation industry within Australia is highly competitive. However, there is solid evidence and a strong indication that Virgin Australia can seize power over the current market and outrun its competitors for its long-term survival. Virgin Australia should optimise opportunities and remain competitive by either strengthening its alliance with SIA or outsourcing to a specialist company in ground handling. The key challenge for the company is to create strategies that ensures effectiveness. The strategies will draw upon previous internal and external analysis conducted and focus on developing strategic alliances and strategic outsourcing. This report analyses the benefits and limitations of these potential strategies and provides practical recommendations to ensure long-term strategic sustainability. The results of the evaluation between the two strategies illustrate that the first strategy is more appropriate for Virgin to be sustainable in the long-term. There are several advantages that Virgin possesses which includes its strategic alliance’s strong position in the Asian market, and its ability to integrate newly planned flight routes. This means that Virgin is able to benefit from the strengths of its alliance. Moreover, it is recommended that the management team starts controlling the flow of certain information in the workplace to ensure that both parties mutually benefit...
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...from early 2006 in January to March. The Virgin share price outperformed the S&P/ASX 200 index by 10 percentage points while the Qantas Group underperformed the Index by 6.5 percentage points. Eighty-five percent of the Australian population can access Virgin online. Apart from its successful efforts to acquire Cellar masters to enhance its multichannel liquor offer, some of its openings are the Australian Airline. In 2001, one study estimated that Virgin had approximately 38 percent of the Australian hospitality market and the Quantas Group about 34 percent. While this makes the audit job easier to perform, it implies that the pharmaceutical firm’s financial statements are not a very timely source of information on the company’s research activities, and the auditor’s service is less valuable. Firm management will have to use other ways of providing credible information to investors on its research. Typical data sets which are usually put in comparison when conducting the analytical review include: Actual financial results compared to budgeted or projected figures compiled before that accounting period. How do actual results compare to management estimates before the accounting period? 9. What do the statements of cash flows and changes in equity indicate regarding the strengths and weaknesses of each company’s financial performance and position? The below financial statements provide information on the financial activities of Virgin and Qantas. Much like the performance statistics...
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...the use of management functions and their involvement in guaranteeing staff focus and motivation in order to accomplish organizational objectives. Virgin systematically explains the functions leading and planning and its contribution to monitor the external environment. This report helped me to identify the significance of the management functions. It was a challenging and interesting experience. Thank you for giving me this opportunity to work with your organization. On this research. If you need any clarifications please contact me. __________________ xxxxxx Virgin stands for value for money, quality, innovation, fun and a sense of competitive challenge The use of management functions within an organisation. Report prepared for, Mr. Bruno Silva Prepared by: xxxxxxxx Student ID: xxxxxxxxxxx Table of contents 1. Executive Summary 4 2. Introduction 5 1) Purpose 5 2) Virgin Companies 5 3) External Environment 5 4) Management Functions 5 5) Methodology 5 6) Plan 5 3. Planning 6 1) Strategic Management at Virgin 6 2) Methods used to assess the environment 8 3) Methods used to allocate resources 8 4. Leading 9 1) Leading within the Virgin Companies 9 2) Trait Theory 9 3) Leadership styles 10 4) Emotional intelligence 10 5. Conclusion 11 6. Recommendations...
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...ARTICLE 1 The article ‘Lawyer says Virgin Blue displayed ‘unhealthy work culture’ in city office’ by Anthony Marx was published in The Courier-Mail on 14 March 2011. The article details how Virgin Blue allegedly discriminated against two female employees by forcing them to take redundancies after confirming they were pregnant or returning from maternity leave (Marx 2011, p. 1). Subsequently, both employees have initiated legal action against Virgin Blue who ‘has denied any wrongdoing and vowed to fight the claims’ (Marx 2011, p. 2). The article raises three ethical issues. Firstly, it addresses the expectation that businesses should not discriminate against employees on the basis of gender (Ferrell, Fraedrich & Ferrell 2009, p. 70). Secondly, it highlights that abusive or intimidating behaviour is not acceptable in the workplace (Ferrell, Fraedrich & Ferrell 2009, p. 64). Thirdly, it identifies the role that an effective ethics program can play in avoiding ethical and legal problems (Ferrell, Fraedrich & Ferrell 2009, p. 212). Businesses should not discriminate against employees on the basis of gender. Discrimination refers to ‘the making of a difference in particular cases, as in favour of or against a person or thing, especially when arising from prejudice based on race, ethnicity, sex, religion, age etc’ (Discrimination 2011). Virgin Blue allegedly discriminated against Leonie Vandeven by forcing her to take a redundancy package after she confirmed that she was pregnant...
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...through work or general enthusiasm for his leadership style, and how effectively those theories are applied. This submission covers details of Richard Branson’s early life and the beginning of his leadership. It then goes on to explain how his leadership style emerged as he began to run the Virgin Group. I then explained how Richard Branson is seen by the public, and how he has followers in the public that don’t work for him. After this, I consider which technical leadership theories are used by Richard Branson. I review how successful Richard Branson has been as a leader, by looking at how his followers respect him and follow in his footsteps. To conclude, I review Richard Branson from my own perspective. Introduction Before a leader can be analysed, one must define what leadership is. This is hard to do. It’s an intrinsic trait which is hard to define. Jackson and Parry (2008: 5) say that ‘leadership is like beauty – it is difficult to describe, but we certainly know it when we see it.' However, the general consensus is that leadership is influencing people in order to attain goals (Daft, 2008: 590). The leader that will be analysed in this essay is Richard Branson, who runs and owns the Virgin Group. He has demonstrated his leadership skills from the early age of just seventeen, when he set up a student magazine, that was aptly named,Student. Even earlier than this, he showed entrepreneurial skills, growing Christmastrees and selling budgies, although these plans failed (Grint...
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...Assignment Title: QANTAS, JETSTAR AND VIRGIN AUSTRALIA A TALE OF CHANGING STRATEGIES Topic code and name | BUSN 3055 | Word count | 2020 | 1. Differentiated pricing is among the widely practiced Revenue Management tactics in which a firm offers its products/services at differentiated prices to distinct markets. And this tactic has been noticed by airline industry for more than four decades. Revenue Management also known as Yield Management has been well recognized as an essential practice in many businesses, and it is defined as the set of strategies adopted by a business to improve its profitability (Philips, 2005). It is among the most important applications of management science and operation research (Bell, 1998). Qantas, Australia’s foremost domestic and international carrier, established Jetstar in May 2004 as a budget airline. Its purpose is to cover the low-cost segment of the market, which began in around the year 2000 with the launch of a competitor, Virgin Blue. Until the time Jetstar began operations, Virgin Blue had been successfully eroding Qantas’s air market share, indeed with the collapsing of Ansett Airlines (Easdown, 2002), and capture around one-third of domestic airline market. In response, Jetstar was also designed to be a no-frills carrier, predominantly targeted at the leisure market. (Case Study) Market segmentation is a strategy that involved dividing the target market into subsets of consumers who have common needs and priorities....
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...Rupesh Doshi on Richard Branson Sir Richard Branson is the Founder and Chairman of Virgin Group – a multi-billion dollar, branded venture capital organization headquartered in London, United Kingdom. I first came to know of Sir Richard when I studied abroad at the London School of Economics during the summer of 2001. One of my classmates suggested a great summer read - the book was titled Losing My Virginity. The title definitely put a smirk on my face but soon after he mentioned the name, my friend said the book was an autobiography of the person who founded Virgin Records, Virgin Megastore, and Virgin Atlantic Airways – Sir Richard Branson. Having heard of those companies, I took my friend’s suggestion and picked up a copy of the book to read on my trip to Asia. I rarely read a book to completion – but Losing My Virginity was an exception and probably the quickest book I have ever read. Engaged and enthralled by the book I came to admire Richard’s leadership and his way of living life. Professor Friedman’s Total Leadership course and the principles he has taught confirmed that Sir Richard Branson is the perfect case study of a leader who has achieved “total leadership” across the four domains of life – work, family, community and self. Richard was born in 1950 in London, the eldest of four siblings (He is 60 years old today). As a youth, he suffered from dyslexia – a learning disorder that impairs the ability to speak and read – which resulted in not only frustration but also...
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...Content 1.0 Introduction 3 2.0 Theories on leadership and motivation 3 2.1 leadership 3 2.2 motivation 4 3.0 analyzing the virgin case 4 4.0 conclusion 4 Reference 5 1.0 Introduction There are several praenomen will affect on individual perform when they were in the work. And in this paper I will focus on leadership and motivation. Moreover, personal perform in the workplace will be affect on leadership and motivation which I will analyse in this assignment. As well as, I will evaluate the theory and make a discussion which will be linked to the Virgin Media. Additionally, I will choose some significant points to indicate how leadership and motivation work in Virgin Media. 2.0 Theories on leadership and motivation 2.1 leadership Taylor develops "scientific management " as he worked his way up from a labourer to a works manager in a US steelworks(Jim Riley 2012). And in his research, he made three key assumption about human behaviour at work. Firstly, man is rational economic animal concerned with maximising his economic gain. Secondly, people respond as individuals, not as groups. Thirdly, people can be treated in a standardize fashion, like machines. Additionally, in Taylor's approach shows the amount of money they will be paid i is equal their workload. In this case, the clearly weakness in his approach is he ignores the difference in people. The approach cannot suit all kinds of people. Besides...
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...Question?? Accounting for decision making of Virgin Australia Holdings and Quantas Airways ltd. Report Review analysis the Topic Frame is: Introduction The presented report is aimed to present understanding and interpretation of different financial ratios in the context of judging the financial performance of an organization. The financial ratio revealed on the basis of different financial records and figures for a particular organization, indicates the existing status of the company. In addition to this, there are a number of different types of financial ratios for a company which are aimed to show different aspects of financial performance of the organization namely profitability, Efficiency, and financial stability of the organization for a long term. From the perspective of an investor or a share holder, it is quite crucial to have proper information regarding existing financial ratio of the company before making worthy investment within an organization (Gitman, and McDaniel 2008). In context to this, the paper shade some intensive lights over thorough interpretation of different ratios of two prominent airlines companies namely Virgin Australia Holdings Ltd, QANTAS Airways Ltd. The primary objective of the paper is to reflect financial performance of both the organizations for last two financial years (i.e. 2010 and 2011) on the basis of the interpretation and review of financial ratio of both the organizations. Analysis of financial performance...
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...Assessment: develop organisational marketing objectives Name: Navdeep Student id: 201412246 Introduction: Virgin group ltd. Is a British company founded by Richard Branson and Nik Powell. Its associated with the business of travel, entertainment and life style, finance, transport, health care, food and drink, media and telecommunication and have businesses under more than 400 companies. Virgin Group’s date of incorporation is listed as 1989 by companies House, who class it as a holding company, however Virgin’s businesses and trading activities date to 1979s.The brand name ‘Virgin’ aross when Richard Branson and Nik Powell formed a record shop.They consider themselves virgins in business and the select V in the logo as an expressive tick, representing the virgin seal of approval.It’s head office is located in England. a) Mission statement : The company’s vision is to be the shopper victor by delivering brand values , which are: value for money, superior quality, dazzling customer service,pioneering,competitively testing and fun.; to provide a quality service by motivating employees and assist and examin consumer feedback for nonstop enhancement of the customer’s expiriance through improvement;to creat products and services that make the customer life more enjoyable. b) Vision: Virgin vision can be defined by words of Richard Branson . “We are planning a global presence in travel, mobile communications, entertainment retailing and...
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