Flight Centre Travel Group: International Expansion and HR Management

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Added on  2024/06/03

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This report provides an overview of Flight Centre Travel Group's international business strategy, focusing on its current operating position, competitive strategies, organizational structure, and entry strategies into different regions. It examines operational control, production, distribution, supply chain management, and human resources management across borders. The report identifies key issues and opportunities for management, including bribery, corruption, security, organizational challenges, and competition. It offers recommendations for improvement, emphasizing the importance of understanding a country's influence on operations and developing a top-down annual budget with a perilous plan. The conclusion highlights the need for companies to analyze profits in new markets deeply and adopt appropriate theories to overcome barriers, referencing relevant academic works.
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International
Across Border
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Table of contents
Introduction
Overview of the company and current operating position
Review of company’s international competitive strategy
Existing organizational design structure and control issues
Entry strategies used to enter other regions/countries
Operational control, production and distribution/supply
chain management
Management of Human Resources across borders
Identify key Issues or opportunities for management
Recommendations to management for improvement
Conclusion
References
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Introduction
The global markets are a great way to
create a brand image and higher
profits.
The economy gets a lot of profits
after the expansion of new firms due
to which many countries are opening
their doors for the business activities.
There are various theories that are
utilised by the companies at the time
of expanding their business.
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Overview of the company and
current operating position
Flight Centre Travel Group
(FCTG) is termed as the chief
travel outlet in Australia
The company has been listed in
the Australian stock exchange
The net revenue of this company
was A$2.36 billion in the year
2015
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Review of company’s international
competitive strategy
Flight Centre Travel Group can be
said as a quality business that offers a
lot of profit to look forward
Flight Centre Travel Group has robust
share in market and the power
Flight Centre Travel Group develops
the deep value by carefully
understanding their customers can get
all the products at cheaper rates
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Existing organizational design
structure and control issues
The company has been highlighting
the vitality of information system of
small groups is understood in the
organisational structure
The body of management at Flight
Centre Travel Group has a chief
accountability for developing and
then further maintaining the
organisational features
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Entry strategies used to enter
other regions/countries
Partnership: The company has
been finding out about the
different areas where it can
expand its business with the
potential partners for analysing the
new market efficiently
Franchising: Franchising can also
be said as one of the most suitable
and easiest way to enter into a
new market
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Operational control, production and
distribution/supply chain management
Transportation can be said as a hinge
around which the economic activities
all over the lobe revolve
The segments in which the company
operates incorporate of Australia, US,
UAE and other countries
The corporate business of the
company includes many of the travel
brands such as Travel Money,
Campus Travel and the 4th Dimension
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Management of Human
Resources across borders
Flight Centre Travel Group has
owned expert teams all over the
world who regulate the activities
of the business and look after the
concerns of their employees
The company has also been
developing many types of training
activities for their employees all
over the world such as e learning
and different training sessions
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Identify key Issues or
opportunities for management
Bribery and Corruption
Management of security
Organisational issues
Competition
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Recommendations to management
for improvement
Before stepping into a new country
it is very much crucial for them to
determine in what ways the country
can influence the operations and
profits of the company.
The company also needs to develop
a top-down annual budget and also
develop a perilous plan along with
the dates of its commitment
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Conclusion
In the research above the overview
of company has been provided
covering its organisational
structure
The companies need to develop
their business activities after
deeply analysing the profits in new
market
All the barriers can be eradicated
by adopting appropriate theories.
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