Assignment Business Management: Virgin Atlantic Airlines
19 Pages4825 Words37 Views
Added on 2020-05-28
Assignment Business Management: Virgin Atlantic Airlines
Added on 2020-05-28
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Running head: BUSINESS MANAGEMENT Business Management Name of the Student Name of the University Author note
1BUSINESS MANAGEMENT Executive Summary The report helps in analyzing the issues that is faced by the Virgin Atlantic Airlines as well as the Virgin Group of Companies in the present scenario. The different issues has to be highlighted with the help of SWOT, PESTLE and Porter’s Five Forces analysis as this will help in understanding the different issues faced by the respective company. The main aim and purpose of the report is to identify the different emergent strategies has to be applied by the Virgin Group of Companies, as this will help in analyzing and identifying the techniques that can be applied by the Group in the future to reduce such issues from the entire airline industry. The conclusion is based on analysis of SWOT, PESTLE and Porter’s five forces and generic strategies that will help the entire company in gaining competitive advantage in the entire airline industry along with the entire Virgin Group of Companies.
2BUSINESS MANAGEMENT Table of Contents Introduction......................................................................................................................................3 1. Analysis of the key forces in the general environment................................................................3 2. Five Forces analysis of Virgin Airlines......................................................................................5 3. SWOT analysis of Virgin Airlines..............................................................................................7 4. Analysis of the decisions: Programmed or Non-Programmed..................................................10 5. Analysis of the emergent view of strategy followed by Virgin Group......................................11 6. Generic strategies followed by Virgin Group............................................................................12 7. Issues faced by Virgin Group of Companies.............................................................................13 References......................................................................................................................................16
3BUSINESS MANAGEMENT Introduction The report helps in analyzing the different key forces that are having huge influence on the Virgin Airlines that is one of the companies of the entire Virgin Group of Companies. The Porter’s Five Forces analysis is required to be done for the Virgin Airlines in understanding the new entrants, buyers, substitutes and competitors in the market. The main aim and purpose of the report is to understand whether the decisions mentioned in the respective case study are non-programmed or programmed. The generic strategies have to be analyzed, as this will help in understanding the different issues that are appearing the company. The structure of the report includes proper SWOT, PESTLE, and Porter’s Five Forces analysis, as this will help in analyzing the issues in an effective manner. 1. Analysis of the key forces in the general environment The macro environment is described with the help of PESTEL analysis that helps in analyzing the long-term influences. This is one of the best analytical tools in analyzing the external environment of Virgin Airlines for understanding decline or growth in the market ("VirginAmerica.com's New Look", 2018). It helps in understanding and identifying the different political, legal, economic, environmental, social and technological influences for the entire business environment. Politicalis one the factors that help in understanding the political influence on the entire Virgin airlines. In the year 2016, the Virgin Atlantic has operated in political environment that was challenging in nature(Suki, 2014). This was characterized by different kind of terrorist
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