Assessment of Progress towards Strategic Aims of Emirates Airlines
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This presentation assesses Emirates Airlines' progress towards its strategic aims and objectives. It includes information on the company's revenue, passenger and cargo growth, stakeholder expectations, and compliance with environmental norms.
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Assessment ofprogress towards existing strategic aims and objectives of EMIRATES AIRLINES
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Emirates Airline is the national airline of UAE with over 100 destinations and a massive fleet of 137 aircrafts. It is a young booming organization existing for over 25 years. In the financial year of 2014-15, the company has witnessed revenue of over $24.2 billion, thereby incrementing 7.5 percent over the previous year revenues (Stacey 2017).
The passengers has also grew over 11 percent in this period. The company targets to grow more than 20 percent every year. The cargo has also been improved over this period of time . Accounting for 5.6% which is targeted to further jump to over 10 percent in a phased manner.
Accounting for seventh largest airline in terms of international passengers across the globe, the airline has immense potential to in terms of both passengers and freight. Emirates stands at the pedestal in the Middle East and have tapped major market in the airline business. Increasing demand for air travel in Middle East, Africa and Asia (Sundarakani, Abdul Razzak and Manikandan 2018).
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Assessment and expectations of the stakeholders The stakeholder expect to know the company’s annual, quarter, as well as monthly profits, the adequate returns on the investment made in the company. A greater say in the management of the company enables the organization to retain them more promptly. They need to be well informed of the decisions taken by the organization on the crucial issues which eases the decision making process
Emirates to comply the emission norms have published its Environmental report in accordance with the Global Reporting Initiative (GRI) following the G3 principles of materiality, stakeholder inclusiveness, sustainability context and completeness(Squalli 2014). A detailed analysis of the fuel efficiency, noise performance, energy procurement, water efficiency, water management, green infrastructure has been presented. Emirates stakeholders are well informed of the detailed information report ensures the due interests of the stakeholders are maintained which enhances the sustainability of the business and retain the interests of the investors.
References Redpath, N., O'Connell, J.F. and Warnock-Smith, D., 2017. The strategic impact of airline group diversification: The cases of Emirates and Lufthansa.Journal of Air Transport Management,64, pp.121-138. Squalli, J., 2014. Airline passenger traffic openness and the performance of Emirates Airline.The Quarterly Review of Economics and Finance,54(1), pp.138-145. Stacey, R.D., 2017.Strategic management and organisational dynamics: The challenge of complexity to ways of thinking about organisations. Pearson education. Sundarakani, B., Abdul Razzak, H. and Manikandan, S., 2018. Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model.International Journal of Logistics Research and Applications, pp.1-21.