Analysis of Management Planning for Emirates Airlines and Sabic

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Added on  2023/02/02

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This report examines the management planning strategies of Emirates Airlines and Sabic, a petroleum company. The introduction defines management planning and its importance in optimizing resource utilization and achieving organizational objectives. The report analyzes the goals of Emirates, including increasing profit, expanding cargo capacity, and revenue growth, as well as its failures, such as reduced operating costs and aircraft acquisitions. It also explores Sabic's goals, such as decreasing greenhouse gas emissions, improving environmental safety, and contributing to welfare, along with its failures related to gender gap, patent portfolios, and workplace complaints. The conclusion emphasizes the role of management planning in business expansion, minimizing uncertainties, and improving company performance, stressing the importance of societal and environmental investments and a friendly working environment. The report provides a comprehensive overview of the companies' strategies and challenges, offering valuable insights into effective management practices.
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TITLE
Planning fanction
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Emirates Airlines must try to introduce seats in order to earn extra premium and more profits.
This also helps in attracting large number of customers towards the brand.
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INTRODUCTION
The term management planning is defined as a process in order to supervise
objective of a particular enterprise and also makes a plan in order to achieve that
objectives (Austin and Pinkleton, 2015). This helps organisation in such way that
they may utilise resources in optimum manner.
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Failure
Operating cost reduced
Therefore, operating cost can be decreased by flying single aircraft and also by
decreasing cost of spare parts and also training.
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INTRODUCTION (Contd)....
The following report considers two companies as Emirates Airways and Sabic a
petroleum company. Therefore, it has also been discussed that management planning
must be used by this company that will help them improve performance level and
also raise profitability.
This report also highlights on various goal that is to be fulfilled by both companies
with help of different methods and sources.
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Emirates Airways
It is an airline company that is headquartered in Dubai, United Arabs. This is
basically owned by Emirates groups.
It is one of the largest company related to Airlines that operates in 140 cities
and in 81 countries within 6 continents (Johnson, Goerdel, Lovrich Jr and
Pierce, 2015)
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Goals of Emirates Airways
Increasing profit within 1 year up-to 30%
This also helped them in saving their huge amount as management planning lead
workers in order to work as per strategies that were set.
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Goals (Contd)....
The Biggest plane in terms of capacity in the world
They also have unique features as that make them different from any other plane in the
whole world. This unique feature is Auto throttle and also the yoke moves that has a
variety from others. Boeing 777 is also one of the biggest and largest plane in worldwide.
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Goals (Contd)....
Total passenger and also capacity of cargo increases
Thus, cargo business has also been improved by emirates in terms of improving supply
chain management and logistics that leads in managing customer experiences. In addition
to this, there were also increased in flights frequency that provided more business in
cargo by increasing profit and also number of suppliers.
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Goals (Contd)....
Increasing revenue by 12%-
They can also use their space of cargo while fitting baggages of customers. This is done
by charging extra amount and this also helps company to increase profit to certain level.
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As because of local company that is based in
UAE the tax has been relaxed as 250000
Australian visitors were brought in Dubai in
year 2016-2017.
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Failure
Operating cost reduced
Therefore, operating cost can be decreased by flying single aircraft and also by
decreasing cost of spare parts and also training.
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Failure (Contd)....
Buying new aircraft
if Emirates acquires huge customers than, than it would aids in increase in profits and
revenue. 35 aircrafts were acquired that attracted large customers group. But this number
decreased to 17
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Thus, Effectual plan leads in making maximum revenue and also brand equity. In
addition to this, the plan that is based on future must be in realistic manner and also
attainable as they can harm company in a negative way.
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Sabic Petroleum Company
In middle east it is the largest public sector company and was founded in 1976. It is been
headquartered in Saudi Arabia. It is also has been termed as second largest company in
producing ethylene glycol and as the third largest manufacturer in polyethylene
(Krzyzaniak, 2018)
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Goals
Decreasing in greenhouse gas emission intensity
Company has also been selected and applied seven high selectivity catalysts out of 11
assets of Sabic. This helps in removing carbon emission in terms of doing their part for
saving environment.
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Goals (Contd)....
Improvement in environment, health, safety and security rate by 10%
Their motive is to promote culture and also climate where everyone wants to attain these
goals.
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Goals (Contd)....
Contribution in welfare
Thus, 57.5 million dollars has been invested by Sabic in welfare related to society and
also environment.
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They have also been launched 46 competency development program that leads them in reducing
safety incidents (Schönsleben, 2016)
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Failures
Increase number of women in workplace
They also started investing strategic workforce planning that helped them in decreasing
gender gap by recruiting number of females. They can al;so motivate them by providing
them with bonus, incentives etc.
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Failures (Contd)....
Increase in patent portfolio
Sabic can earn high by selling permit to others so that they use their product and that
helps them in collecting loyalties from them. Organisational changes and business
priorities is the main reason for poor management and old technology.
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Failures (Contd)....
Reduce complaints in workplace
There is increase in the complaints of workforce in a year that is from 94 to 114. Thus,
Sabic must provide them with proper training and developments sessions, workshops that
leads in reducing complaints in the cited company.
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Sabic
They must also try to keep their environment working friendly that motivates employees
that later helps them in giving the best performance that affects profitability.
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management planning plays important role in the success of a particular company as it
helps in making competitive strategies
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CONCLUSION
From the above report, it has been concluded that it leads in expansion of business
and also improve company's performance.
Thus, management planning also leads in minimising future uncertainties and helps
in attaining economies of a company. It has also been analysed that cited company
must try to invest in the welfare of the society as it improves reputation of a
company.
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CONCLUSION (Contd)....
Further, the cited company must also try to spend money in improving environment
that leads in employees motivation. This is because the skills and capabilities of
employees helps in increasing company's profit.
In addition to this, this report also highlights on reduction of gender gap in
workplace as it helps them in creating friendly working environment in the cited
company.
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REFERENCES
Austin, E.W. and Pinkleton, B.E., 2015. Strategic public relations management:
Planning and managing effective communication campaigns. Routledge.
Johnson, B.J., Goerdel, H.T., Lovrich Jr, N.P. and Pierce, J.C., 2015. Social capital and
emergency management planning: A test of community context effects on formal and
informal collaboration. The American Review of Public Administration. 45(4).
pp.476-493.
Kimura, T. and Sato, K., 2018. Operation Status of J-PARC MR Machine Protection
System and Future Plan.
Krzyzaniak, J.S., 2018. The soft power strategy of soccer sponsorships. Soccer &
Society. 19(4). pp.498-515.
O'Connell, J.F. and Bueno, O.E., 2016. A study into the hub performance Emirates,
Etihad Airways and Qatar Airways and their competitive position against the major
European hubbing airlines. Journal of Air Transport Management.
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