Air New Zealand Financial and Business Analysis
|✅ Paper Type: Free Essay||✅ Subject: Business|
|✅ Wordcount: 1803 words||✅ Published: 14th Sep 2017|
Name: Gurpal Singh
Exclusive summary: The business developed, organise, manage at any risk which make profit for others is called entrepreneurship.
Entrepreneur is an individual who, rather than working as an employee, runs a small business.
Introduced something different and new in a business is called innovation.
Innovation is the management of all activities an individual the process of idea, technology, manufacturing, and new product.
Introduction of the company
Air New Zealand was originated as (Tasman Empire Airways Limited) in 1940. It was country’s major airline. Because this airline operates 21 international destination in 19 nations around the USA. TEAL became owned by NZ government in 1965 so it was renamed by air new Zealand.
When Tahiti’s airport open this airline replaced the flying boat service in 1960 which were on most international services.
IN March 1999 Air New Zealand became a member of the star alliance.
Since then Air New Zealand has steadily expanded its size and scope with international networks ,developed revolutionary customer features and was first to launch stretch version of Boeing 787-9 Dream liner in Seattle
As per research for example given case study In year 2002 Air New Zealand has developed short term plans for fleet renewal and ordered 14 new airbus A320s which was timely delivered without any disturbance to flight services.
Student Research Work
Business communication is a process of communication for the purpose of business transaction for mutual understanding and business benefits. Communication is heart of business management and the basic functions of management (Planning, Organizing, staffing, directing and controlling) cannot be performed well without effective communication.
As per research for example given case study In year 2002 Air New Zealand has developed short term plans for fleet renewal and ordered 14 new airbus A320s which was timely delivered without any disturbance to flight services.2004 another announcement on upgrading turbo-prop fleet to 17 new Bombardier 50 seat Q300,10 Q300 and 13 Q400 aircraft. In my opinion these are efficient and effectiveness of communication process in companies decision making
The business developed, organise, and manage at any risk which make profit for others is called entrepreneurship.
An Innovation can be define as new ideas, methods, devices and goods. Invention into a good or service that creates value or for which customers will pay.
An entrepreneurship is a person who organizes and manages a business undertaking assuming the risk for the sake of profit. Any person who starts and operates a business is an entrepreneurship.
As per as Last week, the airline announced its latest innovation, the “Air band”. Children travelling alone will receive one of the wrist bands at check-in as part of the service. It is embedded with a chip that is scanned at key stages of the journey to trigger text notifications to up to five nominated contacts, giving guardian’s peace of mind
Impact of internal environment on entrepreneurship or innovation:
A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.
For example as per case study Air New Zealand continued to expand its international networks through (Brierley Investment, Qantas, Japan Airlines and American Airlines) and become a full member of Star Alliance group (professional ) to be the world’s largest global alliance and these relationships are managed at a bilateral level. In my opinion this paragraph states strategies to develop and maintain constructive business relationship
Innovation can be focused outwardly or inwardly, whether you define it as introducing something new, a new idea or method, exploiting a new idea successfully, or just making small improvements where possible to everyday situations. The purpose of the Internal Innovation blog is to explore how to take the methodologies and efforts others are using to create wonders externally, and learn how to wield them so they may be focused internally to ourselves.
SOWT analysis is a business analysis techniques that your organization can perform for product, service and markets when deciding best way to achieve future growth. The process involves the strengths, weaknesses, opportunities and threats present in the market that it operates
As per Earlier this year, Air New Zealand showcased its digital expertise with the addition of a function in its mobile app that asks passengers for their coffee order as soon as they enter one of the airline’s airport lounges. Luxon says there are plenty more coming.
Next is a biometric automated bag drop that will allow passengers who have scanned their passports at check-in to drop their bag without the need to re-scan their ticket at the baggage drop, because facial recognition will match the person’s face to their passport. The technology will be introduced at Auckland International Airport by the end of the year.
Structure: it is an arrangement and organization of interrelated elements in a material object or system, or the object or system so organized
Partnership: If your business owned and held by several people. So you will look after of business structure. Partnership divided in two categories like general and limited partnership.
General partnership: In a general partnership, the partners manage the company and assume responsibility for the partnership’s debts and other obligations.
A limited partnership has both general and limited partners.
Sole Proprietorship: The simplest structure is the sole proprietorship, which usually involves just one individual who Owns and operates the enterprise.
Organisation culture is a system shared values and beliefs. Organisational Cultural is a strategic tool aimed at helping organisations to become more effective.
Air New Zealand is new Zealand biggest airplane service provider. So they always take care of their employee and staff .by giving them good atmosphere. Air new Zealand staff wear a special dress code which is black.
Impact of external environment on entrepreneurship and innovation:
Entrepreneurial success is mostly depending on correct and appropriate decisions on time. To be a successful entrepreneur one has to know his position where he stands as a decision maker.
All the time you should learn and try to grow up as an entrepreneur if you want growth and prosper of your business. As well as your personal growth will be reflected in increasing productivity of your venture.
PESTLE is a strategic management tool that provide useful framework to analyse the environment pressures on business. It is an external analysis of the macro-environment in which a business operates. These factors are beyond the control of an organization or a country but are important to
Be aware of while undergoing business strategy.
Government policy: Define any course of action which intends to change a certain situation is called government policy.’ Think of policies as a starting point for government to take a course of action that makes a real life change.
For example as per case government injected capital to sustain business due to down turn in Ansett performance AIR new Zealand has short-haul renewal programmer, where they have replace boeins 766 with 17 new bombardier in 2004.
Legislation: legislation is known as rules and laws which made by government. Before some- time laws and rules which passed by parliament its also called bills.
Common law: which law declared by the judge is ligely called common law. This law based on precedent.
Economic status is change over the period, particularly which effect on the behaviour of markets, businesses, and the general economy.
Any type of activity which participating in society is known as social trends. Trends can be long-lasting or short-lived.
Air New Zealand is New Zealand based company and the airline destination is on 19 countries and 31 domestic flights and his office is in Auckland .that companies have too many opportunities because many people use this airline because its provide good customers service and give some extra service to business class holder so people always likely to use this service. Moreover this is NZ national airline so government also give them some less interest rate price to grow the business.
At the last its explain the air new Zealand is growing airline company which spread their business with all over the world by tie-up with other airline companies. Moreover the moral value and ethics are suitable for their staff or employee. Overall they keen to use the new technology and service to make happy their customers and take care the safety of employees and customers.
http;//www.airnewzealand.co.nz/history#the story begins.
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