Competition in the Airlines Industry

Topic

Competition in the Airlines Industry

Instructions

1. How important is environmental analysis to the performance of an airlines’ company in the airlines industry? Discuss hoe the Industrial Organisation (I/O) Model can be used by firms to earn above-average return.
2. Why is there a lot of imitation in the airlines industry, and how does this affect firm performance?
3. Justify the use of Resource Based Model to evaluate the performance of airlines industry.
4. How can strategic leaders be successful in an industry like the airlines industry?

Answer preview

Strategic management involves the combination of necessary, including financial, manpower and capital to determine the best way of attaining organizational goals (Gamble, Thompson and Peteraf, 2013). Also, leadership plays a critical role in combining the necessary resource together and the development of a strategic action (Hoon Song et al., 2012). This paper function of strategic management as it applies in the airline industry. Drawing from the Resource-based theory and the I/O model of above-average returns, this paper addresses the strategic management in the airline industry and how strategic leaders can succeed by adopting the relevant strategic options.

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