Ryanair External Analysis

Ryanair External Analysis Ryanair is an airline company which is well known for its low cost airline service in Europe. Ryanair was founded in 1985 by Christy Ryan, Liam Lonergan and noted Irish businessman, Tony Ryan. It has its head office in Dublin Airport in Ireland. The company which was running in loss was restructured in 1991 by Michael OLeary with no-frills, low-cost service which yielded profits to the company. It operates more than two hundred and twenty Boeing 737-800 aircrafts from 40 bases all over Europe, which is the largest airline company that carries millions of passengers every year. Revenue where raised from $231million in 1998 to $843 million in 2003.It showed considerable profits from  £48 million to  £239 million over the due course. The company yielded revenues of  £ 2,713.8 million during the financial year which ended March 2008, which is an increase of 21.3% compared to year 2007.The other revenue provide to Ryanair where car hire, travel insurance, etc which account to 16% of the total revenue. So the major vision of the company is to be the leader in the low fare airlines in Europe. The objective of the Ryanair airline company is to be the number one company in terms of customer service. EXTERNAL ANALYSIS: In the environmental scanning process we are going to see the external analysis. The PESTEL is an macro environmental scanning tool. The PESTEL which is known as Political, Economic, Social, Technological, Environmental, Leagal. Let us discuss the factors in detail. (P)olitical Factors: The major political factors that affect the Ryanair are the pressure which is caused from the trade unions especially Pilot trade unions. The act of terrorism is another major political factor which will affect the airline service with increased time delays for security services. The landing charges is another important factor which influences politically. Due to the high landing fee in Stansted, Ryanair has decided to move routes from the Stansted to Gatwick (which is providind lower landing charges). Also the EU which has abolished the sales of duty-free items also causes major impact. (E)conomic Factors: The major economic factor is the unstable conditions in the fuel prices which affects the airline companys growth. Ryanair estimated that fuel bill is set to increase  £732m (in the financial year 2008) to  £1.01bn which had affected the profits down to  £235m between 2008 and March 2009.Further the weakening of the Pound value(GBP) also influences a lot on the growth of Ryanair. The recession and increase in the inflation rates have also affected the growth. The taxation issues are a very important factor which affects the economic growth of the company. (S)ocial Factors: The major social factors is the increase in travelling lifestyles of the people which affects the business of Ryanair .There are a variety of people who will prefer different ways of travelling and comfort. The increasing population which will be focusing on the health and fitness safety measures provided. So this will make the company spend a lot on the security service. Further the ageing population needs more leg space and health safety measures implementations. (T)echnological Factors: The new bigger planes with good modern technologies are required for the huge passenger traffic. So this in turn affects the economy of the company. The other important factor is the internet. The online ticket booking has increased from the year 2001 which made the company invest more on the outsourcing of these operations. Further the new technology planes with less fuel consumption are very important focus to buy in the situation where the fuel prices are increasing. (E)nvironmental Factors: The most important environmental factor which affects the companys revenue growth is the carbon emission and green house issues. So this makes the company to upgrade its existing planes to less carbon emission and less noise producing new technology planes. Further the carbon emission schemes differ between countries which in turn increase the taxing policies, so this also affects the economy of the company. (L)egal Factors: These include the EU regulators and the regulations which in turn reflects in the companys growth. The health and safety measures are also one of the legal factors in which case the passengers might sue the company for any accidents occurred . Further the landing charges varies between the countries which causes the company to pay more for landing in some bases. INDUSTRY STRUCTURE: For the industrial analysis we use the Porters Five Forces. In this picture L-LOW M-MEDIUM H- HIGH Considering this porters five forces the bargaining power of customers and the suppliers will be low because the airfare is already low which is quite reasonable. The threat of the substitutes will be medium which might depend on the relative price and quality of the substitutes. The threat of new entrants and the competitive rivalry is very high. For example the major competitor for Ryanair is the EasyJet airline which offers low price airfare with good customer service. This is described as below Market Segmentation Positioning Of Ryanair: Ryanair targets the people belonging to the middle class. It offers best low airfare with attractive packages. Even Ryanair offered free carriage of skis and snowboards to passengers flying to the Alps on September 2009. This even made people more happy to choose Ryanair for their travel, whereas their rival British Airways stopped their passengers from carrying their skis Positioning Of Ryanair: 1. Premium 2. Premium/ Competitive 4. Competitive 5.Competitive/ Leader 1. Excellent 2. Excellent/ Average 4. Average/ Acceptable 5. Acceptable 1. Original 2. Original/ Customized 3. Customized 4. Customized /Basic 1. Restricted 3. Restricted/ Selective 4. Selective/ Universal 5. Universal 1. Prestigious 2. Prestigious/ Respected 4. Respected 5. Respected/ Functional 1.Comprehensive 2.Comprehensive/ Standard 3. Standard 4. Standard/ Minimal PRICE QUALITY FEATURES AVAILABILITY SUPPORT REPUTATION Resource Resources of Ryanair: The resources are known as the tangible and intangible assets that a firm uses to choose and then implement them in strategies. The capabilities are the skills that the firm uses in order to bring its resources to bear the ongoing things. The Resources of the Ryanair are Physical Resources Ryanair operates a fleet of 232 new Boeing 737-800 aircraft. Ryanair has 41 bases and more than 1100 routes across 26 countries, which is connecting 153 destinations. Even the company has ordered 82 new flights which will be delivered within 3 years of time. This shows the companys rapid growth and expansion. Financial Resources The major financial resource like the number of flights that the company yielded is from the low cost airfare. The financial resources of Ryanair is quite strong when compared with its rival Easyjet which is shown in the table below Human Resources Ryanair currently has a crew of around 7000 people and carries around millon more than 58 million people in the year 2008.   Capabilities Of Ryanair: The capabilities of the Ryanair are the lowest airfares and the quickest turnaround time. Their innovative strategies on the cost reduction and the principle of No Frills are also an added advantage. They also focus on particular segment of market with some clear offers. They also have the large brand awareness. Ansoff Strategic Direction Matrix: The Igor Ansoff direction matrix helps the firms to decide on the possible ways to grow the business in the existing or new products , in the existing or new market. In this way we get four possible combinations. They are: Market Penetration Product Development Market Development Diversification These are describes in the picture below So by using the combinations from Ansoff , the Ryanair company seems to have successfully penetrated into the airline market by offering its customers with a very Low Airfare . Here the product which means the various services offered by Ryanair in the flight . The most significant one is the Low Airfare pricing offered to the passengers. Hence their market penetration is very strong and successful and also their product developed very well because of the low pricing of the air tickets. So naturally this made the company to become the largest low fare carriers across the Europe . This also influenced the development of the company in the airline market with the purchasing of many Boeing aircrafts with modern facilities. Further the company has expanded its routes to more than 1100 in more than 26 countries with 153 destinations. This is the major development in the airline market which attracted more customers. The company recorded the largest passenger carriers with 58 million pass engers travelling during the year 2008. This expansion made them to be more popular internationally which in fact required the divergence of employees and culture. So these have diversified the management and people they operate and made them to successfully unite them together. This is the major factor which made them to further penetrate and result in the product development to the existing and new markets. Hence the Ryanair here maintains B2C which yields them more profits. This also helps them to make a good customer relationship and also give them a reliable low priced air tickets. This makes the company Ryanair to be the leading Low airfare carriers among the European airline companies. Hence the low pricing strategy of Ryanair have targeted on the middle class people but with very basic services. Cost Reducing Strategy: The Ryanair follows the most effective strategies which is the cost reducing strategies. This cost reducing strategies helps the company to achieve the desired targets of low cost airfare. These are achieved by five major aspects. They are: Fleet Commonality Contracting the services to third parties The charges in airport and route policy Managing the staff and productivity costs Managing the marketing cost Fleet Commonality: The Ryanair has only the new Boeing 737 flight models which help the company in reducing the costs spent on maintenance such as obtaining the spare parts and also the training costs .This is the major advantage to the company to maintain single model of the air fleet which even increases the travel line security with new technology flights. Even these will help the company to save the fuel consumption and these flights are more fuel efficient and also maintain good safety. This also helps them in scheduling the fights and assembling the crew members. Contracting the services to third parties: The Ryanair has outsourced the services to third parties. They made deals with Hertz car rentals and hotels. So in this fast moving world people prefer to go for these good services along with their trips in order to save time and money. In this way they earn ancillary revenue of 16% of the profit. Further apart from the Dublin airport where they have their crew members to serve, the remaining airports they have contracted to the third parties to serve the ticket handling. In this way they also escape from the direct exposure of the potential disputes. The charges in airport and route policy: Since the Ryanair sells the tickets on its own, there is no activity of the agents required most often. So there is no necessity for the agent commission. So the company saves upto 15% on the agency commission. In order to reduce the airport landing fees, passenger landing fee, etc the company select the secondary and the regional airports which in turn increases the passenger throughput. Managing the staff and Productivity cost: The Ryanair follows the principle of paying the salary to their employees based on their performance. This is one of the best practices the modern companies are following these days to increase the work force performance and which in turn bring good revenue to the company. Hence they follow the modest salary policy. This in turn increases the productivity. Further most of the pilots are recruited when they are young pilots cadets which makes the company to train and make short term deals with them. Even the cabin crew should pay for their uniforms to be clean. Managing the marketing cost: The Ryanair in order to reduce the marketing costs it makes most of the marketing on its own without the travel agents. So it saves a lot in the agent commissions. Further the company spend a reasonable amount of money in advertising. The advertising tools used are like the newspapers, company website and also television. Porters Value Chain: The porters value chain is a chain with various activities for the company operating in a specific field. It has various varies Primary activities like the Inbound Logistics, Operations, Outbound Logistics, Marketing sales, Service. The other part is the support Activities which consists of administration infrastructure, Human Resource Management, Technology part and the Procurement. These values are very important for the company to maintain its performance and get a good profit in turn. Here the very important value is the no frill service and which makes the company to offer a low cost airfare. The various value drivers and their costs are identified for each of the value activity. Hence here for the Ryanair airline company the following are the identified values using the Porters Value Chain. Porters Generic Strategies: Michael Porter categorised the three general strategies that are to be used by the business firms in order to achieve competitive advantage. Hence these three strategies are defined in two different dimensioned they are the competitive scope and the competitive strength. The various generic strategies that the Ryanair company has chosen are the cost leadership, differentiation, cost focus, differentiation focus. The cost leadership is the major strategies used by the Ryanair which still makes it to the leading airline companies in Europe. The Ryanair maintains the low cost policy which is an advantage for its good market existence. Further it has made the people to choose the option of low airfare even in the existing market competition. Differentiation here is that it made their customers to be more satisfied regarding the low pricing airfare. Hence there it still retained the long run customer satisfaction regarding the airfare cost. The cost focus is mainly targeted on the people choosing low airfare travels. So the company has chosen the no frill strategy which still makes it more profitable in the markets. Even it has very cheap advertising concept which even adds more advantage. The reduced turnaround time and the various corporate partnership offers are also the competitive advantages of the company. The outsourcing of services in various international airports is also helpful to main tain its low cost airfare. Further the Ryanair follows the In-house marketing which also helps it to focus on low cost airfares. Even the company focussed on the narrow customer segment which will be including the Irish and the UK passengers who cannot afford to fly in expensive airlines. So the major goal of the company Ryanair is to provide the people with no frill service and low cost airfare all time. So Ryanair is the only company which has not yet revealed its strategic position. It has tried to mix up the focus and cost leadership together. So finally in 1997 the cost leadership strategy was being chosen by the company. This made the company more successful in its campaign. Hence the cost leadership is the best chosen strategies which make the company to be the leading one in the European airline industries. Hence this is the major competitive advantage the company has pursued. Conclusion: Hence from the above analysis the Ryanair proved to be the low cost airline which is confident of competing with its competitors in pricing. It is recommended that it should increase its services in the web which will yield more revenue these days. The Ryanair will surely make its successful way in Flying people withlow cost airfare. Critical Reflection: From the above discussed strategies the Ryanair airline company has achieved its goal of low cost airfare through no frill services. But still there are some areas that the company still need to improve in the strategic aspect. So based on the analysis we strongly recommend Ryanair to consider the airline expansion which is specifically the atlantic routes which is having the worlds 60% of air travel. Hence if it is moving on to the new market with this low cost airfare with some added services , then it will yield more profits compared to the present level. Further I recommend the Ryanair company to focus more on the following fields to improve its performance and which also yield good revenue to the company. Merging and Acquisitions Better reforms in human resource management Improving the market planning strategies Additional third party services Merging and Acquisitions: The merging and the acquisitions has become one of the major corporate-level strategies in this new millennium. Since the Ryanair is continuing to grow , it should make mergers or acquisitions with the companies in other countries which will rapidly increase its revenue. Even this will improve its capabilities and will also acquire more competitive advantage. Better reforms in human resource management: Since from the moment Ryanair started following its low cost airfare, it has sacrificed all its basic services. The company Ryanair does not seem to be valuing its people. Even it charges for the people for using the toilets. This made the pilots to oppose against this rules. There is a belief that the competitive advantage is also dependent on the human resource of the company. So there should be proper reforms in the human resource management .In this technological world the human resources are the only resources which will be bringing the sustainable competitive advantage. Improving the market planning strategies: The Ryanair should provide good customer services which in turn will yield good revenue to the company. So it should offer good airfare packages and promotions to the customers. This is the best way of improving the Core competence and will maintain its levelling in the competitive advantage. Further the company should also work out in holding the important air routes which will increase the revenue of the company. Further the expansion strategies are more important among the competitors. Further the Ryanair can give good low cost airline packages according to the various passenger population from different countries. This will helps the company to maintain a stable competitive advantage. The company should also provide the onboard entertainment services, Internet services and satellite television services. In online it can also sell some products with its brand name which is a good advertising strategy and also it will generate revenue. It can also reduce the charges imposed on over weight and extra luggages. The advertising strategies also should be made as digital marketing because the usage of internet has increased and people are more interested in booking tickets through online. So this digital marketing should be more effectively carried out which would increase the revenue of the firm. Additional third party services: The Ryanair outsourced the services to the third parties. Even still there are complaints from the passenger for the catering services in the plane. The company doesnt offer food free of cost inside the flight for the passenger. So it can also consider these recommendations to serve the passenger with food at a minimum charge. This will place the company more stable position among the competitors. Further the company can out source this catering service to a third party which also help the company to offer good service to the passengers.

Dona Perfecta Essay

Dona Perfecta, written by B. Perez Galdos, is a novel that explores the conflict between the new progressive movement and the old religious school of thought. This conflict takes place in the small Spanish village of Orbajosa. Narrow-minded Catholic zealots dominate Orbajosa. The most prominent of the zealots is Dona Perfecta. Dona is traditional catholic and strives to fight any opposition to her fixed beliefs. Pepe Rey, her nephew, presents the biggest challenge to Dona because he is an engineer who relies on scientific fact rather than religious faith. Dona feels as though Pepe is challenging her and the towns’ livelihood. This belief leads Dona to not only turn the town against Pepe, but also to have him killed. Dona’s Catholic belief system is only a facade to her evil nature. The town of Orbajosa is presented to be a small yet inviting town. Pepe is welcomed to the town warmly and happily. Dona is the first to greet Pepe when the narrator states, â€Å"the sincere expression of her affection, was receiving him at the gate itself in her loving arms† (23). Dona appears to be a very loving and hospitable character. She also surprises Pepe with her lengthy preparations to his room when the narrator states, â€Å"Pepe recognized in all the details of the room the diligent and loving hand of the woman† (24). Dona has proven that she is capable of being kind and loving towards those who pose no threat to her lifestyle. However, it is only when Pepe denounces religion that Dona feels threatened and begins to revel her evil nature. When Pepe and the town canon, Don Inocencio, meet, the men clash with their ideals. Both are intelligent and therefore, are stubborn. Pepe reveals to Don Inocencio that science is more valid than religion when he states, â€Å"Mysticism in religion, routine in science, mannerism in art, are failing, as the Pagan gods fell† (36). Pepe expresses his opinions about science and religion without any hesitation. Don Incencio and the towns’ people of Orbajosa feel that Pepe is resolutely against their beliefs. Increasing animosity is the result of Pepe’s progressive mind-set. Dona feels as though Pepe is a liability to the town’s way of life and the only way to get rid of the problem is to exterminate it completely. Dona is desperate to get rid of Pepe. She knows that Pepe poses the possibly to contaminate the towns ideals with his progressive philosophy. Dona decides that the town must turn against Pepe. Dona accuses Pepe of being disrespectful in the church when she states, â€Å"between thinking things and showing them in that irreverent manner, there is a distance which a man of good sense and good breeding should never cross† (56). Dona feels the need to make baseless accusations about Pepe in order to sway the public opinion against Pepe. Pepe himself recognizes the absurdity of Dona’s accusation when he states, â€Å"I have shown no contempt for any one, nor do I entertain the ideas which you attribute to me† (57). Pepe is troubled by the idea that his own aunt would accuse him of such trivial acts. Pepe knows that his progressive ideals are threatening to the town and are creating distrust between him and Orbajosa. Dona knows that the only way to truly get rid of Pepe is to kill him. Dona is consumed with the idea that the town of Orbajosa is transitioning from a traditional mindset to a progressive mindset. In reaction, Dona orders the killing of Pepe. She then lies about the killing saying that Pepe committed suicide when she states, â€Å"Pepe Rey at about twelve o’clock last night entered the garden of the house and shot himself in the right temple† (218). Dona manufactured this lie in order to cover up her evil action. Dona resorted to extreme and evil measures in order to preserve her way of thought. Her name Dona Perfecta is ironic in the sense that Dona is far from perfect because she is evil. The injustice that Dona commits revels not only the true hypocritical nature of Dona but also the hypocritical nature of Orbajosa as a whole. Dona Perfecta uses the conflict between Pepe and Dona to show the strong opposition the progressive movement faces. While Pepe was welcomed at first, he was soon ostracized and persecuted for his thoughts. The towns’ people of Orbajosa felt Pepe might threaten their way of life. Extreme measures were taken by Dona to put Pepe to rest. Perhaps Galdos intends the reader to see that while people may appear to be good, in reality, they are not what they seem.

The Modern Era - 1014 Words

Prestigious artists in the modern era have created highly abstract and non-representational work. The average everyday person who looks at Kandinsky, Picasso, or Duchamp may genuinely believe that they can produce better work without any art experience. But from their lack of art history they will not be able to produce work that has deep meaning like Picasso, or psychoanalysis of color theory like Kandinsky. Firstly, Kandinsky’s â€Å"Composition VII,† initially seems messy, unorganized, or even accidental. But the colors are not random; each color has a purpose behind it. He analyses color to the point where he made a â€Å"Basic Color Theory† analysis. For example, the yellow represents joy, happiness, satisfaction. Kandinsky says, yellow is â€Å"warm,† â€Å"cheeky and exciting.† In life yellow is seen in nature and fast-food industries. The yellow sun is commonly preferred over a dark black sky at night; Vitamin D from the sun is necessary as it increases biologic hormones, hence, makes a person more positive and joyous. Similarly, the McDonald’s logo of the â€Å"Golden Arches† is bright yellow. This color was chosen because it evokes a positive emotion. Therefore, even though â€Å"Composition VII† looks like a random mess that a child could do there is significant breakdown behind the color palette. Understandably, kids like bright colors and various sounds. In 1923, â€Å"Composition VIII† by Kandinsky presents another theory; that color and line are reflective of sound/music. TheShow MoreRelatedThe Modern Era Of Globalization854 Words   |  4 Pagesconsumer, but when you look more deeply you find that no sector of the supply chain or even the economy has been unaffected by the changes of Globalization. Age of Globalization The modern era of Globalization was the culmination of three major changes to the world. First is the ease of production introduced by the industrial era. Production was centralized in factories and allowed for the economics of scale and specialization to take hold. Assembly line efficiency has been enhanced by supply chainRead MoreThe Modern Era Of Reporting944 Words   |  4 Pagescome a long way since its early time, but has remained the same fundamentally. This essay will explain the different types of eras in reporting the news, starting from the colonial era all the way to what is currently called the modern era of reporting. This will also define the terms of the Penny Press, Jazz journalism, Yellow journalism, and Muckraking to its specific era. In 1690, Benjamin Harris published the first American newspaper. Freedom of press wasn’t exactly in style at the time, andRead MoreEvolving Into A Modern Era1121 Words   |  5 PagesMeeru Chaudhary November 18th,2015 Business Law 160 Wednesday 6:55-9:20pm Evolving into a Modern Era The universe of Web and online law is dynamic, growing and progressively imperative. As rising advances push the limits of the current legitimate scene, courts and administrators are compelled to consider the suggestions that emerge from the crossing point of laws and the internet, both in translating current laws and in drafting new laws and legal choices. Email and a virtual vicinity empowersRead MoreThe Beginning Of The Modern Era1309 Words   |  6 PagesThe Beginning of the Modern Era The Industrial Revolution has been one of the social historical event that transformed the way of economic thinking of humanity towards improving living conditions, was also ironically factor at the same time triggered that slowly and gradually they last the resources the planet provides us for our subsistence, unable to even provide a viable response that allows the renewal of such resources. The critical point is that they have not been enough isolated attempts thatRead MoreNurses And The Modern Era1696 Words   |  7 PagesJacob. There are also many parables that showed acts of nursing. Helping your sister with a bruised cut can even be a form of nursing. Although nursing has a big impact, it is also very broad and versatile. The field of nursing has adapted to the modern era we live in, contains many careers, requires certain characteristics, can be an occupation for males and females and provides a bridge of trust between the community and the health sector. In the beginning, nurses were restricted to only helpingRead MoreThe Renaissance Or Modern Era Essay1761 Words   |  8 PagesThe fifteenth century was a time when Italian culture embraced the arts and the artist responsible for transforming medieval artistic style to what is called the Renaissance or modern era. The Renaissance emerged in Florence during the fourteen and fifteen centuries, where the interest of expression that had been suppressed, broke free and emerged with a sense of creativity, reproducing their ancient culture. The sense of creativity gave birth to the Renaissance and the emergence of humanism, resultingRead MoreLgbt History And The Modern Era1737 Words   |  7 Pagesmajority of groups of people and historical events. This essay will prove that there is a problematic issue where LGBT lives and existences are being erased throughout history and the modern era. Throughout, it will be explained how these groups of people are being underrepresented within histor y, major wars, and the modern era. History covers a very broad spectrum of time, with recorded history going as far back as five thousand years. Yet, within this period of five thousand years, history books implementedRead MoreThe Modern Era And Its Impact On The World1086 Words   |  5 PagesThe Modern period is a cultural movement that has a lasting impact on the world. The Romantic period provoked everyone to rebellion and two of the greatest revolutions, the American and French, were an outcome of that period. Thus, the Modern period was born when the Romantics faded out and this shift in culture changed the world forever. Modernism changed the way people lived in a number of different reasons, but there are three that stood out from the rest. The Modern Era changed the world throughRead MoreModernism And Its Impact On The Modern Era847 Words   |  4 PagesThe twenty-first century is developing into a time of technological developments and the beginning of the Modern Era. The early Modern Era was known as a ti me of exploration and globalization. Globalization is the interconnection of countries; there is an active exchange of commodities, ideas, and philosophical thoughts. With the development in technology such as cell phones, airplanes, Internet, and social media; it has made the growth of transportation and communication networks possible and muchRead MoreEating Disorders And The Modern Era1481 Words   |  6 PagesDiagnosis Eating disorders are becoming more common in the Modern Era. Millions of people all across the U.S. are being diagnosed with an eating disorder. Each eating disorder that an individual can be diagnosed with has different characteristics. When questioning if someone has an eating disorder, the individual typically begins to eat differently than usual if even at all and cares more about their appearance and body weight. There are different stages to one’s illness that determines the

Different Aspects Of Management Styles - 954 Words

My mother is from the Caribbean and my father is from the United Kingdom. I have lived, been educated and worked in both of these parts of the world and have had to learn the nuances of both cultures and quickly adapt in order to fit in and to be taken seriously, especially in a work environment. This paper details my observances and experiences of different aspects of management styles of both regions and includes information from an analysis on management and culture in the English-speaking Caribbean that was published in the Journal of Eastern Caribbean Studies. I completed the last two years of high school 20 years ago at a school in the Caribbean, having lived in Germany previously. The style of teaching and the way people learned was very different from what I was used to. There was a lot of what I call parrot fashioned learning, with the teacher churning out information and the students writing it down and then cramming it to memory in preparation for an exam. After the exam, when the information had served its purpose, it could be erased from one’s mind. Students were not taught to think for themselves or to question what they were being taught. I believe that this style of teaching and learning contributes to the practices of management in the Caribbean. In analysis of interviews of senior managers (SMs) in the English-speaking Caribbean, Punnett, Dick-Forde and Robinson (2006) found that all respondents felt employees could work hard, but needed to be pushed.Show MoreRelatedCultural Differences Between The East And West Ideologies Essay1672 Words   |  7 PagesPermeating their art, mental, physical, and spiritual training, and business management ideologies, the Japanese culture is steeped in traditionalism. In pursuit of the best elements of management styles, the Eastern approach must be explored. Are there aspects of Japanese management styles that are superior to Western management methodologies? Looking at some of the differences between the East and West ideologies there are several areas to compare and contrast the principles. Hence, these culturalRead MorePersonal Leadership And Management Style885 Words   |  4 PagesNursing professions today assume the leadership and management responsibilities in any activity they involve in the health care system. Leadership and management are frequently intertwined. Huber (2006) defined leadership and management as, â€Å"the process of influencing people to accomplish a goal and management as coordinate and integrate of resource through planning, organizing, coordinating, directing, and controlling to accomplish a specific institutional goals and objectives†(Huber, 2006, p.Read MoreManagement Theories of Mcdonalds Essay1212 Words   |  5 PagesManagement Theories Implemented by McDonald’s McDonald’s demonstrates many different aspects of classical management, including aspects of Frederick Taylor’s scientific management and Henri Fayol’s management principles. McDonald’s also displays how their management styles compares to their competition and how it has led to an effective organization. Taylor’s management style is evident through McDonald’s training, specific systems, and education; while Fayol’s management style manifests throughRead MoreDifference Between Leadership And Management1438 Words   |  6 PagesIt seems leadership and management are used often in articles or conversations to mean the â€Å"same† style or same individual when using leader versus manager. However, there are just as many articles or conversations where there is a drastic difference between the two. I believe it could be seen as confusing because many individuals use both styles. The individual has to observe his or her followers, realize the work environment and have a clear understanding of the vision for the goal. NeverthelessRead More The Paradoxical Twins Essay1608 Words   |  7 PagesParadoxical Twins case study give an opportunity to evaluate from different angles the organization and structure of a business. Exposure of a complex behavior to different environments, circumstances, personal social relationships, the two companies Acme Omega electronics considered on this case study used to have the same organizational structure, under different management. Since they were sold to different investors, as a consequence of this, each company has its ownRead MoreUniversality of Management1679 Words   |  7 PagesUsing practical examples, outline the argument for the statement, â€Å"management is a universal process and its skills and understanding are transferable from one company to another and from one culture to another.†Ã‚  Management is a broad and intrinsic aspect of business.   The basic aspects of management that is, directing, organizing, coordinating, staffing, planning and cooperating transcend all cultural and organizational boundaries.   There are, however, fundamental differences in the manner in whichRead MoreCommunication in Your Workplace1115 Words   |  5 Pages Effective communication in business is imperative when it comes to the success of a business. Every aspect of a business requires communication. Communication within a company may have started out with one style and then changed throughout the years. Some other companies may have never adapted to our changing society a nd have found themselves obsolete. Some companies have adapted to different forms of communication based off of the type of business conducted and internal components that the companyRead MoreGender And Interpersonal Styles, Negotiation And Conflict Management1457 Words   |  6 Pagesâ€Å"How males and females differ: Gender differences in interpersonal styles, negotiation and conflict management.† Introduction Women are relationship-oriented, emotional and cooperative whereas men are assertive, demanding and self-assured. This is the widely held gender stereotype that some people hold around us. Whether men and women in fact communicate differently or behave differently in communication, there is clearly a perception that they might. It is important to address these perceptionsRead MoreThe Managerial Styles Within The Catering Industry1478 Words   |  6 Pages Department of the Built Environment Course: principles of Management Course Co-ordinator: M Rhoden Assignment: 1 A critical comparison to the managerial styles within the catering industry with that of the companies within the built environment Author: David Tiernan Student No: 000879221-6 20th November 2015 1. Introduction This report critically compares the key management theories and management style differences between the catering and construction sectors. It identifiesRead MoreManagement Styles1486 Words   |  6 PagesThe management culture provides the developing direction of a company. It decides the characteristic and company culture in an enterprise. However, the style can be influenced by certain factors, such as, policy, history background, social system, international competition. In this essay, three management styles and two company types will be indentified and discussed. Management style belongs to management strategy; it can be composed of operation strategy, company culture and managers. To