british airways stakeholders

can access that from your personalized library. At the same time, the satisfaction of the employees shouldn’t create an impact on the financial goals of the organization. Slight deviation from the government policies may be seen in some private companies but that will create a direct impact on British Airways (Mannion 2011). Describe with examples from at least two different stakeholder groups some of the ethical concerns the company has had to deal with. 1 This report describes the impact of drug addiction on the health of an individual. British Airways PLC, British air transport company formed in April 1974 in the fusion of British Overseas Airways Corporation (BOAC, formed in 1939), British European Airways (BEA, formed in 1946), and their associated companies.The company, state-owned from its inception, was privatized in 1987. The paper will explore, discuss and map some British Airways stakeholders, their ethical concerns and how the company has dealt with them in general. British Airways believes that grape vine is one of the unhealthiest modes of communication and it should be avoided at any cost and hence, the management is designing its policy accordingly. This paper focuses on the stakeholders of British Airways. See our Privacy Policy and User Agreement for details. Great support and customer-focused. Highly 18, Dana, L, 1999, International marketing review, Vol. Virtual organization is something that is dependent on the modern technologies that are widely available for the purpose of communication. 176, no. The main stakeholders of British airways are suppliers and competitors. This economic system does create an impact on the business of British Airways. Plenty of low cost operators came into picture and hence, British Airways had to look for ways by which they can reduce the cost and at the same time, they also had to look for services that can justify the price that they are charging (Arnold 2008). These charity organizations will help British Airways to build a reputation in the market. International Airlines Group reports quarterly loss as Covid travel curbs in Europe take toll Published: 22 Oct 2020 . British Airways has faced certain ethical issues with their key stakeholders. If an employee in the organization is planning to get something done then it will include lot of formalities. They are truly a blessing when you have no choice and need help due to the busyness of today\'s life. You no 1, pp. British Airways airline network generates economic value by meeting the demand for business travel, by offering vital arteries for trade and investment, as well as providing … The top 10 competitors average 38,788. Get different kinds of essays typed in minutes with clicks. 23, no. The change in the regulatory policies, competitive policies and the legal policies creates a direct impact in the airline industry. Map British Airways stakeholders Introduction . This allows the employees to feel important while they are associated with the organization. Available from: https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations[Accessed 12 March 2021]. We’ve partnered with renewable fuels experts Velocys. * $5 to be used on order value more than $50. BA staff are told the survival of the airline is at stake as it faces "a crisis of global proportions like no other". Apart from that, the company should also concentrate on recycling so that the organization can be overall termed as an environmental friendly organization (Ledwidge 2007). In this respect, there are various stakeholders of British Airways identified and these are all enumerated as below: Great services never let down. Now customize the name of a clipboard to store your clips. This will motivate the customers to pay rather than that of thinking that the airways are charging extra (Segal 2009). To export a reference to this article please select a referencing stye below: My Assignment Help. On the other hand, the most important stakeholders of the company are shareholders, financial institute, customers, employees, media, government, competitors, suppliers, local community, government and media. Apart from writing help. So happy to have found My assignment help. Coronavirus: British Airways in battle for 'survival' over COVID-19. 65). WTO has let down norms regarding the maintenance repair, ticket distribution and franchising. The competition among the companies in the airline industry is very high as they know that they will have to be competitive enough so that they can survive in the market. To analyze the stake holders in BA the power/interest matrix (Gardner et al, 1986) can be applied in terms of its power and matrix. Different organization in different corners is creating an impact on the different policies that prevail. My Assignment Help. It is the responsibility of the management of British Airways to ensure that all the policies are in sync with the regulation. British Airways owner IAG slashes flights after €1.3bn loss. The British Airways group consists of British Airways plc and a number of subsidiary companies including British Airways Holidays Limited. Just like all the companies, British Airways will have to stick to legal policies that are in place. MyAssignmenthelp.com has been recognized as the safest dissertation help company in Australia. choose and bookmark any document you wish. You get free Why is knowing your stakeholders important? 3-7, Mannion, M, 2011 Business Traveller, pp. 26, Arnold, A, 2008, Journal of business Finance & Accounting, Vol.15, no. The aim of the paper is to describe the network of stakeholders that are connected to British Airways. If British Airways is planning to give franchising rights to an organization in some country then they will have to ensure that all the WTO policies are fulfilled by the franchisee so that standardization can be maintained in the airlines industry throughout the. However, this can . Contains contact information, news releases, fact sheets, reports and awards. your valid email id. Providing incentives for good work is terms as reward power. In the given case study, it can be seen that Johnstons of Elgin dates back to 1797 when Alexander Johnstons took lease for the woollen factory in Aberdeenshire Scotland. 1, no. 75, no. Click this icon and make it bookmark in your library to refer it later. To View this & another 50000+ free samples. 12, pp. Government of different countries is concerned about the policies and regulations that are associated with the organization. 1 Assignment Help Company Since 2007. Our writers can provide you professional writing assistance on any subject at any level. The six sources of power are reward, coercive, referent, legitimate, expert and informational power. British Airways: Stakeholders, Market Structure And Regulations [Internet]. Federal Trade Commission is in place to ensure that British Airways sticks to the advertising policies. To stay ahead in the competition, British Airways also needs to fulfill that. 10, Brankin, A, 2011, American Banker, Vol. Key stakeholders of British Airways include customers, employees, those who have invested in BA by buying shares of the business as well as corporate organizations. Objectives of British Airways and Stakeholders Short term objective of British Airways The main objective of British Airways is to focus on aviation business, help people to move from one location to that of another and they will also help their customers in also moving the cargo. Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers. Disclaimer: The reference papers provided by MyAssignmentHelp.com serve as model papers for students 544-545, O’Leary, M, 2002, Reliability Engineering and system safety, Vol. Please put 245-255, Harbi, M, 2014, Business Traveller, pp. Few of the types of organization are discussed below. In this organization, every employee in the organization will receive commands from one senior. If the company doesn’t comply with the government policies then they will be fined and in severe situation, the organization will also be forced to shut down (Eugene 2003). This is more dependent on the trust that members in the organization share with that of each other. Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors. My Assignment Help. 2, pp. The challenges that are faced by the organization will create an impact on the stakeholders. We have sent login details on your registered email. Since British Airways did not act accordingly to prevent the attack they were acting unethically because the data breach resulted in a huge loss in profit, and it jeopardizes the relationship British Airways had with their stakeholders. Each economy has its own advantages and disadvantages so it is the responsibility of the management of British Airways to make decisions accordingly. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. This helped all the employees at the workplace to feel equal (Arlow 2009). Having expertise in a particular sub... Just share requirement and get customized Solution. The stakeholder can be defined in 3 groups Internal, External and connected stakeholders. World's No. If pricing of the company is more than that of the other companies in the industry then all the companies will ultimately boycott the company that has high price. At BA, the views of stakeholders are important, especially during the implementation of … My Library page open there you can see all your purchased sample and you can download from there. Many companies have started with unethical marketing by way of displaying benefits of services and products which wasn’t offered at all. Command economies believe in understanding the demand of the product or service and then they accordingly plan their production. British Airways: Stakeholders, Market Structure And Regulations. British Airways can increase the number of trips during the peak season. month. The key stakeholder of British airways are Customers, Industries authorizes, workers, suppliers and shareholders. There are few airline companies but all the companies are trying hard to attract and retain the same set of customers. If the organization doesn’t look for ways to satisfy the requirements of the employees then the employees may leave the company. Finding a sample from a list of thousands is nothing less than spotting a needle in a See our User Agreement and Privacy Policy. British Airways owner suffers big shareholder revolt over pay. … Training the employees with regards to the attitude that they hold about the organization is one of the things that will decide about the success of the organization. If the requirements of the legal policies aren’t met then the government will be forced to change the management (O’Leary 2002). Few of the challenges that create an impact on the shareholders of the business are discussed below. The processes are clearly defined and the employees are also aware of the seniority in the organization (Coppola 2001). IAG (International Airlines Group) is the parent company of British Airways and Iberia, featuring one of the largest cargo carrier networks in the world. The Stakeholders refers to the organisation, person or a group that has a direct or indirect interest as it can be impacted or impact the actions of the organisations. 1. I will review and let you know if there will be further changes. British Airways could step up its cost‑cutting plans and return even more money to shareholders. The stakeholder can be defined in 3 groups Internal, External and connected stakeholders. haystack. This is how, we fulfill students search can someone do my dissertation perfectly or who can write my dissertation plagiarism free and provide them needed academic assistance. Upload your requirements and see your grades improving. Stakeholder theory and its impact on British Airways. British Airways believes in working with such economies rather than that of forming their own policies. 2, no. First and foremost, British Airways is concerned about the customers who like to travel through British Airways. you can Stakeholders are those persons that have their interests and concerns in the activity of an organization (Li, 2012). The management of British Airways will have to look for ways by which they can come up with strategies that are competitive enough to compete against the contenders in the market. Punishing for not meeting job targets can be termed as coercive power. access to The aim of British Airways is to make sure that by the business activities of it, it is meeting with the requirements of its stakeholders. The main objective of British Airways is to focus on aviation business, help people to move from one location to that of another and they will also help their customers in also moving the cargo. Just minor typos that can be easily fixed after reviewing prior to submitt... Great services never let down. These papers are intended to be used for research and reference To analyze the stake holders in BA the power/interest matrix (Gardner et al, 1986) can be applied in terms of its power and matrix. Media Centre. In more than two hundred years later the mill is still identified as the last remaining vertically integrated woollen mill which is able to carry out the processes from the receipt of the raw materials to the finished product in a single location. Stakeholders The main stakeholders in this controversy case are the 500,000 customers that got their information stolen through the hack. It is the responsibility of management to ensure that the British Airways is in sync with the employment laws that is in place. Employees are motivated to express the multi skills that they hold as this helps the employees to be motivated to try new things and at the same time, these employees will stay back with the organization for a longer duration (Moyer 2006). More than 20% of investors vote against remuneration of outgoing IAG chief and other executives. Personalizing your own library relieves you from that stress. This organization operates exactly like a formal organization but the employees in the organization may be present at different locations and they will communicate with each other via various communication technologies (Otley 2013). Thus, British Airways (BA) selected for the course, which is a flag carrier airline of UK. This knowledge will help the customers to better choice and hence, their customer satisfaction will improve. Introduction The management ensures that the employment policies of the organization are also changed at regular intervals so that the employees can believe that the management is concerned about the betterment of the employees and not just in making profits. 40, no. From the next time, 6, pp. In this excerpt from Stakeholder Relationship Management, author Dr. Lynda Bourne follows the saga of T5 from construction through to its public opening in 2008, and examines whether the passage of time can alter those perceptions. The government regulations create a direct impact on the organizational responses of British Airways. My Assignment Help, 2016, https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations. They will try to motivate people from different corners of the world so that they can opt for BA whenever they are planning to fly. As British Airways is a government establishment and hence, any change in the regulatory policy will have to reflect on the policies of British Airways as well. The airlines industry is looking for ways by which economies of scale can be achieved and hence, British airways cannot randomly choose timing for their aircraft. purposes only. Go to the IAG and investor relations website There are different types of economic systems in the world and each economic system will create a different impact on the British Airways. Government will come up with various norms so that the company can be in line with the requirements of the society. 16, no. These include Employees, Shareholders, customers, the government and the community. In this kind of economy, the government makes regulations and at the same time, it gives freedom to the organization as well to make decisions. The wages of the employees at British Airways is revised at regular intervals so that the management can be rest assured that they are in sync with the government policy. If you continue browsing the site, you agree to the use of cookies on this website. British Airways takes a note of various policies that they need to follow in each of the country so that they can fulfill all the requirements and at the same time, this will help the company to be free from all the legal complexities. 5, pp. My Assignment Help (2016) British Airways: Stakeholders, Market Structure And Regulations [Online]. Jet2.com is British Airways's top competitor. 180, pp. BRITISH MIDLANDS, KEGWORTH AIR DISASTER PRE-CRISIS British Midlands Airways Limited (trading as BMI or British Midland International) was an airline with its head office in Donington Hall in Castle Donington, close to East Midlands Airport, in United Kingdom. If airway looks for ways to justify the price that they are charging then there are possibilities that the customers would like to be associated with the business. This organization is not dependent on the legal formalities or processes. 14-22, Ellis, D, 2011, British Airways, Business traveler, Vol. With the help of technology, British Airways can help the customers to gain complete knowledge about the products and services that are available with them. British Airways has a variety of stakeholders and most of them are considered dominant. Map British Airways stakeholders Introduction . This helps the employees to be clear regarding what needs to be done and what needs to be avoided. British Airways should develop a strategy wherein the customers are given utmost importance. They will have to communicate with the officials and take approval from the concerned authority so that they can fly their aircraft. In airlines industry, there are multiple companies which offer the same service and hence, if the customer is not satisfied with the service provided by one of the companies then there are possibilities that they will boycott that particular company and will look for some other company that will meet up with their requirements. Jet2.com is headquartered in Leeds, England, and was founded in 1983. Answer: Answers: Apart from paying wages to the existing employees, the organization also ensures that the retirement benefit of the organization is in sync with that of the industry standards. Copyright © 2021 MyAssignmenthelp.com. If one of the airways reduces the price of their ticket fares then there are possibilities that the customers would opt for that particular airline over British Airways and hence, the management of British Airways will have to continuously track the performance of competitors in the industry. Stakeholder theory and its impact on British Airways. If you continue browsing the site, you agree to the use of cookies on this website. 82-91, Segal, S, 2009, Air Finance Journal, Vol. British Airways British Airways is one of the biggest and … Few of the stakeholders and the challenges associated with various stakeholders are discussed below. The formal organization will help all the activities to be very well planned. The noise pollution created by aircrafts should be reduced by 15% by 2020. Balance any chemical equation in minutes just by entering the formula. The market structure of airline industry is oligopoly in nature. It is very important to consider the expectations that the employees have from the organization. The demand for flying is high but there are plenty of companies in the airline industry and hence, the customer may opt for some other competitor (Arnold 2008). 34, pp. Providing value for money is one of the most important things that the organization does. This is when Federal trade commission comes into picture so that companies can follow ethical marketing that will show only the right things to the customers. We conduct a rigorous interview process to select most experienced and talented dissertation experts. Introduction: British Airways is a renowned name in the industry and hence, they can connect themselves with some charity organizations from around the world. Graham, S, 2014, British Airways, Business traveler, Vol. All the managers on the floor are motivated to be active in helping the employees. Few of the places wherein one can see the impact of change are discussed below. 3, pp. It will be very expensive for the company to train the new resources and hence, it is always better to retain the existing customers. If the price of the services associated with flying with British Airways is increased then this will directly create an impact on the customers. My Assignment Help. 172-181, Caswell, M, 2012, Business Traveller, pp. Calculate the number of words and number of pages of all your academic documents. The impact of each economic system is discussed below. Most importantly, stakeholders are highly involved in the process of decision making. BA staff are told the survival of the airline is at stake as it faces "a crisis of global proportions like no other". These kind of economies can be really problematic to the business as they may not have a stable policy and hence, businesses will suffer. Any decisions made by British Airways will most likely affect some, if not all stakeholders and vice-versa.How does British Airways affect local communities?Social CostsBritain’s largest airline has a negative effect in some cases on local communities, which is a very important stakeholder for the firm. Accessing the collection of documents is absolutely easy. After the successfull payment you will be redirected to the detail page where you can see download full answer button over blur text.You can also download from there. MyAssignmenthelp.com stores a huge They are truly a blessing when you have no choice and need help due to the busyness of today\'s life. Apart from that, British Airways has a legal department that will take care of the legal formalities that they need to complete (Prassl 2011). You can change your ad preferences anytime. 12-45. Open skies policy is introduced to avoid air traffic (Caswell 2012). In case of the British Airways, the company has different stakeholders as mentioned below: Company employees:British Airways has the responsibility towards its employee t…

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