...Chemical Imbalance. It was a warm sunny summer day. James walked smiling down the street but slightly nervous as he was running a little late for an encounter with his blind date Rose, which he had looked forward to with anticipation. He had been set up by his good friends to go on a blind date. They thought it was about time, that he came back on the market after the breakup with his girlfriend, which he had been in a long-term relationship with. He wanted to look as good as possible, of course, as he wanted to make a good impression on his blind date, who he had been told was a very beautiful woman. Therefore, he was wearing his favorite light yellow short-sleeved button up shirt tucked down his shorts and sneakers. He had also shaved himself and put on his Old Spice aftershave like his father always had used. They had decided to meet at a small contemporary café downtown over lunch. When he came inside, he spotted her instantly at the table near the window. Her beautiful features enlightened the whole room, and it was hard not to overlook them. They instantly caught each other’s eyes and she waved him over. The first thing she thought when she saw him was “Oh my God, what am I doing on a blind date with this guy. He is not at all what I expected.” After a few thoughts, she decided that she would give him a chance, as there might would be more to him than she could tell by the first glance and she had promised her friends to give him a chance no matter what. He was...
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...AMR Faces $162 Million in Penalties: WSJ Tues. Aug. 7 2012 Pg. B3 Key Terms: Oligopoly, Government Regulations, Externalities, Profits One could argue that one of the worst feelings in the world is that sinking sensation when you find out that your flight is delayed. Often times, you will see your plane sitting at the gate, so what are they doing out there? Odds are the answer to this question is maintenance. Maintaining a fleet of planes is a huge cost to the airline industry and it’s a cost that the airlines are willing to skip out on if they can in order to maximize profits. The airline industry is an oligopoly. This is to say, there are limited number of firms in a market supplying the same good. In this model, firms are really sensitive to what each other are doing. Each one is trying to get a leg up on the other and if saving a bit of money on maintenance means your firm can keep up with the next airline that lowers its prices, they will do just that. Enter the FAA. The Federal Aviation Administration is a governmental organization designed to monitor and regulate the airline industry, all for the benefits of the taxpayer of course. The FAA wants to hit AMR Corp., the parent company of American airlines, with $162 million dollars in fines for violations concerning maintenance. These fines seem hefty and would lead one to believe that AMR Corp. is putting an unsafe product in the air. The scope of their crimes...
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...SkyWest and the Regional Airline Industry Webster University MNGT 6000 15 November 2012 Table of Contents History: Page 3 Company Introduction & Products Page 3-5 Company S.W.O.T. analysis Page 5-8 Company Strategy/Goal/Vision/Recommendation Page 8-11 To be competitive in today’s airline industry, airlines face an increasing number of social and economic challenges. Inflation, a slumping economy, high fuel prices, and high unemployment all serve to add to consumer uncertainty toward the future. Taking this into consideration, there is perhaps no other industry directly impacted by these issues than the airline industry. With high unemployment and a recessive economy, families cannot afford to take vacations that require flying. Businesses that are hurting financially will use other means, (such as Teleconferencing) to coordinate nationally and internationally instead of flying. Today, many consumer attitudes towards the entire flying experience range from a necessary nuisance to a nightmare. Flying today in the post 9-11 world, has become an unpleasant experience to say the least. From check-in to baggage pick...
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...1. Choose one of the following three industries (NOT specific companies) for analysis: . Airlines (carriers) . Automobiles . Personal computers. RATE (not Rank) the global importance of each of Porter’s five industry forces on a scale of 1 to 5 (1 = Low, 5 = High), and provide at least two reasons for each rating. In addition, list at least three industries that complement the industry you choose. (30 points) Airlines Industry 1. Oil Service Industry- Fuel airplanes, and shuttle-bus. 2. Banking Industry- Some airline have their own credit union and others rely on banks for reward sky miles. 3. Insurance Industry- Employee insurance. Rate 4 Threats of New Entrants. At first glance, you might think that the airline industry is pretty tough to break into, but don't be fooled. You'll need to look at whether there are substantial costs to access bank loans and credit. If borrowing is cheap, then the likelihood of more airliners entering the industry is higher. The more new airlines that enter the market, the more saturated it becomes for everyone. Brand name recognition and frequent fliers point also play a role in the airline industry. An airline with a strong brand name and incentives can often lure a customer even if its prices are higher (Investopedia, 2012). Rate 4 Powers of Suppliers. The airline supply business is mainly dominated by Boeing and Airbus. For this reason, there isn't a lot of cutthroat competition among suppliers...
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...Business 499 Prof. Rufus Robinson Assignment 4: Merger, Acquisition, and International Strategies February 27, 2014 The two companies that I chose to research that has aq are American Airlines and US Airways. On January 7, 2014 both airline announced the $17 billion merger that created the world’s largest airline, which is a position that American Airlines once held years ago until a wave of mergers and consolidations in the airline industry over the past few years. It plans to operate nearly 6,700 daily flights to more than 330 destinations in more than 50 countries. The strategy that led US Airways and American Airlines to merge was one of mutual benefit. In 2012, US Airways expressed interest in taking over AMR Corporation, which is the parent company of American Airlines. In March, AMR’s CEO Tom Horton said that the company was open to a merger. Under Chapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. In my opinion, I believe that this merger was a wise choice because the merger could possibly yield more than $1.5 billion a year in added revenue and cost savings to the airline. Stakeholders of AMR would own 72% of the company and US Airways would own the remaining 28%. Both airlines stated that there would be no lay-offs and have the major support of several labor groups that faced an uncertain future after AMR Corporation filed for bankruptcy in 2011. Shares of the combined company rose from 2.7% to $24.60 on...
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...Morehead State University | Accreditation and Evaluation Summary | IMS 421 | Marvin Stevenson 1-28-2015 | 1. Differentiate between programmatic and institutional accreditation. Continuing one’s education above the high school is an important decision and a life changing event. Therefore attending a college that offers accredited degrees can make a huge difference in a person’s future. A college program that is not accredited can mean, you are not eligible for federal financial aid, may not be able to transfer credits to another college or university, and you may not be able to attain an appropriate professional licensure in your field. This is why it is important for students to be aware of the type of accreditation offered by schools or the lack of accreditation missing by them. Therefore it is important to know the difference be the two types of accreditations. An institutional accredited program achieves its accreditation through representatives from dedicated accrediting institutions evaluate colleges and universities. This is a means for colleges and universities to assess their own performance and compare themselves to other schools. Before being granted institutional accreditation status, all aspects of a college or university are evaluated. If a school is awarded accreditation means that the institution meets certain standards of educational quality. In addition, institutional accreditation is more comprehensive and indicates that the institution...
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...Globalization and me: what impacts could it be? According to Word Power Dictionary, globalization comes from word globalize which means develop (business, society, etc.) so as to make international influence or action possible. Other than that, globalization can be define as the increasing connectivity and interdependence of the world’s economies, societies, and cultures because of advances in communications, technology, trade, international investment movement of currency, and migration. In my opinion, technology is the big roles or function that brings the globalization. Same as Kenichi Ohmea words, globalization as a borderless world seeks to change the world into a single unit only. This process is easier with the advances in communication technology. There are numerous ways in which globalization has impacted the world. The globalization has impacted on education, economic, culture, language, food and others. Globalization also means the phenomenon that makes the world seem smaller in terms of human relations due to the speed of development of information technology. Human easily get information and difficult to filter the negative elements that permeate the hearts and minds. Some terms such as “borderless worlds” and “open skies” make such as trade, the development of political and economic power towards the development of civilization. Education is the process of receiving and giving systematic instruction, especially at school and university. There are positive and...
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...| | Written Assignment 1 Frantisek Dzuno 2012-10-MAR-301 Part A Choose a specific industry (e.g., grocery retailing, the airline industry, etc.), and apply Porter's Five Forces Model to discuss that industry's competitive forces and their relative influence. The domestic airline industry has generally been characterized by very high competition and low profit margins. To understand the position of the economic climate in this environment, an examination of Porter’s Five Forces could be used to obtain a better picture of these factors’ within the airline industry. New entrants are usually blocked by the cost or difficulty if entering a market (Boone & Kurtz , 41). The airline industry is a typical case when the extremely high initial cost is the main barrier for new entities - entrants. The investment to build, purchase or rent airplane is enormous. Employees such as pilots and maintenance technicians are expensive to pay. The training efforts are extremely high. Security, safety requirements are heavy regulated. Another important factor which creates a challenge for new entrants to enter the airline market is the brand identity. Airlines with a long history in the industry have created a strong relationship with their loyal customers based on safety records as well as the discount programs they offer (frequent flyer programs, business members) The Power of Suppliers within the airline industry is very low. The main factor relating to the bargaining power...
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...Accreditation in Distance Education Katrina Dixon Spring 2012 Choosing the appropriate school for Higher Education is a major decision that all students must face. The world of accreditation is slowly changing, generally in the direction of dealing more with outcomes: how schools teach or train their students and how well the students perform (Bear, Nixon 2006, 37) Making sure that the school has the courses they desire, flexibility and if it is affordable to them are all issues that must be looked at but the most important aspect of the decision is finding out about the school’s accreditation. Accreditation is a validation process by which institutions of higher education are evaluated against established standards to ensure a high level of educational quality. Knowing the accreditation status of the school that you have chosen for your Higher Education is very important because the school’s accreditation can determine how usable a degree is once it is obtained. This paper will discuss accreditation in depth and what it means to distance education. Researching an institution accreditation can be tedious but it is necessary to have this knowledge. Asking college officials and current students is one way to gather information but a prospective student should also look for other signs that the institution is credible. One of the best indicators for quality of an institution is recognition from nationally recognized professional organizations. ...
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...Justin Flatt Mgmt. 439.01 March 8, 2012 Case Study #3 SkyWest, Inc., and the Regional Airline Industry in 2009 Situation: The regional airline industry specializes in short-haul flights that operate to serve as feeder airlines transporting passengers to and from major hub airports that have larger aircraft and the ability to cover a larger geographical area. Regional airlines partner with major airlines to create an efficient hub and spoke system. Major carriers pay regional airlines a fee for every departure. This allows regional airlines to develop a customer base and establish a revenue stream. Regional airlines are controlled by or have contracts with major carriers to secure flights but because one cannot exist with the other, the relationship between regional and major airlines is reciprocal and necessary for the success of both entities. Complication: Since 2001, SkyWest, Inc. has been struggling to maintain their string of success. SkyWest was adamant on acquiring new contracts with major carriers, but would have to overcome the external situations to achieve this growth. During this time, it was difficult for SkyWest to develop and maintain high levels of customer service, develop and maintain a strong safety image, maximize on-time arrivals, and acquire new aircraft. Before SkyWest could compete with existing contracts and competitors, it first had to prevail over external factors in the industry to achieve the requisites for acquiring new contracts. Table 1 shows...
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...the U.S. to build a “multi-partner” system for governments and nongovernment groups to work together on global issues. This is the goal of the Obama Administration in an effort to reduce competition and have closer ties to the major global powers. There are limited options for other countries to take over as a global hegemon. Unlike other countries, India may be the closest to becoming the next hegemon of the global system; however, it is not ready based on its structural problems and military capabilities. With the rise of China, the structure of the world order could change in the next decade. The emergence of China as a world power has increased its profile in the international arena.1 The Chinese economy is not only linked to regional and world stability, but its relation to its military will determine whether or not the U.S....
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...statement needs to represent the vision and values of the company as a whole. This paper will define the business of AA; define, create, and analyze the vision of AA; and evaluate and analyze the alignment between the stated values and actual plans and actions. American Airlines was first established in 1934 after combining several small aviation companies. AA specializes in air transportation of people and cargo domestically and globally. Today, AA ranks as one of the largest global airlines partnering with several international carriers to form the OneWorld® alliance. AA coupled with American Eagle (AE) is represented in the stock market under AMR. AMR Corporations is the parent company of AA and AE. AE services short routes for commuters on regional jets and AA services passengers and cargo on longer routes domestically and internationally on various large jet aircrafts. According to www.hotstocked.com, the AMR Corporation operates, on average, more than 3,400 daily flights in 40 countries. AA and AE serve various types of passengers to include business travelers and families traveling on vacations. AA and AE also have many contracts to transport cargo to domestic and international destinations. AA and AE are full-service airlines offer services that many of the low-cost carriers do not offer. AMR Corporations was the first passenger airline to offer frequent flyer...
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...recent years there has been an industry-wide shakedown will have far-reaching effects on the industry’s trend towards expanding domestic and international services. Originally, the airline industry was either partly or wholly government owned. This is still true in many countries, but in the United States all major airlines are private. This airline industry is classified into four categories by the Department of Transportation (DOT): International - 130+ seat planes that have the ability to take passengers just about anywhere in the world. Companies in this category typically have annual revenue of $1 Billion or more. National - usually these airlines seat 100-150 people and have revenues between $100 million and $1 billion. Regional - companies with revenues less than $100 million that focus on short-haul flights. Cargo - these are airlines whose main purpose is to transport goods. Airport capacity, route structures, technology, and costs to lease or buy the physical aircraft are significant in the airline industry. Other large issues are: Weather - The problem is that weather is variable and unpredictable. Extreme heat, cold, fog, and snow...
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...Strategic Plan of Delta Airlines Abstract Delta Air Lines, Inc. (Delta) is an air carrier based in Atlanta, Georgia that provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company offered customers service to destinations with Delta and Delta Connection carrier service to 321 destinations in 58 countries in January 2008. To Latin America and the Caribbean, Delta offered more than 500 weekly flights to 63 destinations in January 2008. It is a founding member of SkyTeam, a global airline alliance that provides customers with worldwide destinations, flights and services. Through the late 1970’s and 1980’s, Delta Air Lines worked to establish its name as the premier U.S. airline for customer service. The foundation of Delta’s customer service was based on a company with a culture of “southern hospitality” and employees who went above and beyond the call of duty. The company’s human resource strategy helped build the skills, motivation and opportunities for employees to deliver great customer service, and that allowed Delta to attract business travelers who paid premium prices for travel (Wright, 2008). Delta’s success shows just how important HR strategy can be, especially in its impact on company performance (Wright, 2008). The information published on Delta’s offers a great deal of information about the company, culture, and the benefits to jobseekers. Furthermore, the website provides an abundance...
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...Flight Attendant Initial Training Workbook WELCOME TO PINNACLE AIRLINES FLIGHT ATTENDANT INITIAL TRAINING! We are excited that you have chosen a career with Pinnacle Airlines and are looking forward to your arrival at our training facility in Memphis, Tennessee. It is important you take time to read this booklet prior to coming to training as it will provide valuable information such as items required for training, pertinent subject matter, and information with which you should become familiar prior to class. On the first day, you will have the opportunity to meet and discuss with your Training Instructor what will be expected from you during the twenty one (21) days you will be with us. Your Instructor will provide you the skills and tools necessary to become a Pinnacle Airlines Flight Attendant. We believe learning should be interactive and enjoyable. Although the program is intense and there is a lot to learn, we are here to help you succeed, and will do everything we can to help you. You, in turn, must do your part. Be sure to get enough rest, take care of yourself while in training and put forth the necessary amount of effort to succeed. Revised 10NOV11 1 Flight Attendant Initial Training Workbook MISSION STATEMENT The mission of Pinnacle Airlines, Inc. is to provide safe and convenient air transportation and to involve our People and our Customers in the product and the process, making the airline a rewarding, profitable, and quality experience. GUIDING...
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