The report discusses the impact that addiction has on their level of function regarding impairment, daily involvement in activities as well as social life. Cultural training is given to all the employees in the organization so that they can be in sync with each other and at the same time, this training helps the employees to develop an attitude that will motivate them to stay longer with the organization. 172-181, Caswell, M, 2012, Business Traveller, pp. Read the latest press releases. 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. Apart from writing help. 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. Learn more about Velocys Explore our Altalto project Describe with examples from at least two different stakeholder groups some of the ethical concerns the company has had to deal with. Members of British Airways’ Executive Club whose tier point collection end date falls between 1 July and 31 December 2021 will have their tier status protected for an additional 12 months, irrespective of how many tier points they earn, the airline has announced. 82-91, Segal, S, 2009, Air Finance Journal, Vol. The stakeholder can be defined in 3 groups Internal, External and connected stakeholders. Punishing for not meeting job targets can be termed as coercive power. There are few airline companies but all the companies are trying hard to attract and retain the same set of customers. British Airways has faced certain ethical issues with their key stakeholders. 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. 544-545, O’Leary, M, 2002, Reliability Engineering and system safety, Vol. 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). Risk managementThe British Airways is regulated in higher way with complex and competitive nature and operations. You no So happy to have found My assignment help. These include Employees, Shareholders, customers, the government and the community. British airlines must identify its most important stakeholders who have high influence and high interest in their business on board. In my opinion the three most important stakeholders are employees, customers, and shareholders. International Airlines Group reports quarterly loss as Covid travel curbs in Europe take toll Published: 22 Oct 2020 . It is very important for British Airways to look for ways by which they can be competitive enough in the market. All the managers on the floor are motivated to be active in helping the employees. This will help the customers to be associated with British Airways for a longer time. These papers are intended to be used for research and reference and are not to be submitted as it is. 1, no. Jet2.com is British Airways's top competitor. Calculate the number of words and number of pages of all your academic documents. Please put 26, Arnold, A, 2008, Journal of business Finance & Accounting, Vol.15, no. purposes only. On the other hand, preliminary judgement indicated the maximum possible amount that can be accepted by the auditor for misstatement and that will not have any significant impact on the decision making procedure of the users of the fina... Answer: You can change your ad preferences anytime. 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. 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.

• The stakeholder relationship model explains what the connections between the organisation and its stakeholders are, and to what extent they influence each other. Critical analysis and relevance of examples 40%. 5-13, Prassl, J, 2011, International law journal, Vol. T h e stakeholder relationship model explains what the connections between the organisation and its stakeholders are, and to what extent they influence each other. Available from: https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations. 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. 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. 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. The top 10 competitors average 38,788. we also provide dissertation editing services to help students submit perfectly written dissertation. A lot of formalities will be in place so that the employees can follow a process. 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. It is the responsibility of the management of British Airways to ensure that all the policies are in sync with the regulation. Apart from sticking to the government policies those are in place, the management of British Airways also needs to keep a track of the other companies which are considered as a competitor by British Airways. It is responsibility of the management of British Airways to track the different players who are available in the market. Every time you find something useful, you can save that using the bookmark tool. Open skies policy is introduced to avoid air traffic (Caswell 2012). The six sources of power are reward, coercive, referent, legitimate, expert and informational power. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Pollution created by British Airways is quite high and hence, the management should look for ways to reduce it. World's No. Balance any chemical equation in minutes just by entering the formula. Employee satisfaction survey is conducted at regular intervals so that the employees can express their expectations to the management. 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. Stakeholder theory and its impact on British Airways. 7-10. … Free Market economy is an economy wherein the government doesn’t interfere in the decisions of the business. 180, pp. Transition economy is the economy in the form of transition from one economy to that of another. You get free Use of and application […] 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. The management analysis the expectations of the employees and then change in the policy are made accordingly. 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It is the responsibility of the management to comply with the government policies. 3, pp. To send you invoices, and other billing info, To provide you with information of offers and other benefits. Thus, British Airways (BA) selected for the course, which is a flag carrier airline of UK. The main stakeholders of British airways are suppliers and competitors. Global changes are creating a direct impact on British Airways. Preliminary judgement for materiality Open skies policy is in place throughout the airlines industry. 12, pp. month. 1 First and foremost, British Airways should stay ahead in the competition because there are plenty of airways. British Airways : Stakeholders Objectives 1. British Airways has a variety of stakeholders and most of them are considered dominant. Grape vine communication system is followed in the organization and it is considered to be perfect only when the number of employees in the organization is very less. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Feel free to contact our assignment writing services any time via phone, email or live chat. Before 1995, British Airways was one of the most profitable organizations that were available in the industry but time changed as the number of competitors in the industry increased. 3 Why is knowing your stakeholders important? 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. Due to the new policies, British Airways will have to ensure that timely repairs are done to the aircrafts and the repairs with regards to the aircraft maintenance will have to be sent to WTO so that they can be safeguarded from the legal complications that they may face (Graham 2014). Stakeholder theory and its impact on British Airways. Stakeholders are those persons that have their interests and concerns in the activity of an organization (Li, 2012). 'British Airways: Stakeholders, Market Structure And Regulations' (My Assignment Help, 2016) accessed 12 March 2021. British Airways can increase the number of trips during the peak season. There are plenty of internet applications that is helping the passengers to check in through the mobile. They will have to communicate with the officials and take approval from the concerned authority so that they can fly their aircraft. It is too easy to create or access your own library, just enter your email and make your search 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). Command economies believe in understanding the demand of the product or service and then they accordingly plan their production. Valid for Concern on the capability of natural ... Answer: Even beyond the customers that had their information stolen are investors that are involved with British Airways. 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. Get different kinds of essays typed in minutes with clicks. 245-255, Harbi, M, 2014, Business Traveller, pp. Each economy has its own advantages and disadvantages so it is the responsibility of the management of British Airways to make decisions accordingly. We’ve partnered with renewable fuels experts Velocys. Like British Airways, Jet2.com also operates in the Airlines field. Government of different countries is concerned about the policies and regulations that are associated with the organization. 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. 2, pp. The managers at British Airways are trained to be friendly so that the employees can share their problems and concerns with the management rather than that of creating grape vine in the organization. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days. They affect and being affected by the decision made within an enterprise. My Assignment Help (2016) British Airways: Stakeholders, Market Structure And Regulations [Online]. In engineering,  sustainability incorporation into technology schemes, products, and amenities usually give the meaning of incorporating ecological, social, and economic aspects in the valuation of projects. This personalized library allows you to get faster access to the necessary documents. Rising population and privileged circumstances, around the sphere, have put increased stress on air, water, raw materials, and arable land conservation. Materiality is the relative factor that asks for a base to support the fact that whether the misstatement involved due to fraud or errors is material or immaterial. If an employee in the organization is planning to get something done then it will include lot of formalities. 32-37, Arlow, R, 2009, Ecclesiastical law journal, Vol. Map British Airways stakeholders Introduction . 14-22, Ellis, D, 2011, British Airways, Business traveler, Vol. 2, pp. The government regulations create a direct impact on the organizational responses of British Airways. 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. Most importantly, stakeholders are highly involved in the process of decision making. This paper deals with the My Assignment Help. 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. (2016). The organization will also look for ways by which they can develop new products and services so that the satisfaction of the customers can be increased (King 2001). In this organization, every employee in the organization will receive commands from one senior. Coronavirus: British Airways in battle for 'survival' over COVID-19. First and foremost, British Airways is concerned about the customers who like to travel through British Airways. Heathrow's Terminal 5 is a good example of how stakeholders' perceptions of success, or failure, can vary enormously. Providing incentives for good work is terms as reward power. British Airways. British Airways is a government owned airlines and they will have to look for ways by which they can be in line with the requirements of the government. The processes are clearly defined and the employees are also aware of the seniority in the organization (Coppola 2001). Available from: https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations[Accessed 12 March 2021]. That's our welcome gift for first time visitors. Virtual organization is something that is dependent on the modern technologies that are widely available for the purpose of communication. Jet2.com is headquartered in Leeds, England, and was founded in 1983. The decisions of British Airways need to be in line with the government policies of the particular government. The management of British Airways tries to maintain a culture that can satisfy all the employees in the organization. British Airways owner IAG slashes flights after €1.3bn loss. 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. 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 business ethics and code are enforces to each employees, officer and British Airways directors. Great services never let down. The privacy follow allows the company to share information with only certain people and British Airways ensures that the right information is available only to the right people. Each has string association with the company. British Airways provides premium service to the customers so that the customers are satisfied with the services and products that they receive from BA (Dana 1999). Few of the stakeholders and the challenges associated with various stakeholders are discussed below. This paper deals with the MyAssignmenthelp.com stores a huge only 1 Answer: Many companies have started with unethical marketing by way of displaying benefits of services and products which wasn’t offered at all. In this respect, there are various stakeholders of British Airways identified and these are all enumerated as below: Carbon efficiency should be increased by 25% before 2025. 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. Evidence of background reading 10%. 447 Broadway #166, New York, NY 10013, United States. 75, no. 11, no. Why is knowing your stakeholders important? 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 case of the British Airways, the company has different stakeholders as mentioned below: Company employees:British Airways has the responsibility towards its employee t… British Airways should develop a strategy wherein the customers are given utmost importance. This economic system does create an impact on the business of British Airways. Contains contact information, news releases, fact sheets, reports and awards. The customers will have to shell out more from their pockets and hence, there are also possibilities that the customers may opt for some other airways over BA. This will create a huge impact on the management and also the budget that has been prepared for the particular year (Swickard 2003). This is followed by an analysis of two different stakeholder groups and a critique of their ethical concerns to British Airways. The mobile screen can be used as a boarding pass and at the same time, the live status of the flight can also be known to the passengers and also the airlines employees through an internet based application. British Airlines should consider its stakeholders. British Airways has focused its mission and objectives towards satisfying its key stakeholders that include employees, customers, Government and the British public. Employment laws are one thing that changes frequently. 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. More than 20% of investors vote against remuneration of outgoing IAG chief and other executives. In particular, in the current assignment British Airways is seen to have coordinating with domestic as well as international aviation academies like Oxford Aviation Academy, CATS, Alpha Aviation Academy and Emirates Flight Training Academy for benefiting itself and … 40, no. The noise pollution created by aircrafts should be reduced by 15% by 2020. COLLECTION OF QUESTIONS AND SAMPLES, which you can refer to any time you want. Write a report on British Airways by providing a thorough analysis of the Business Environment in which the company operates. 15, no. 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). Map British Airways stakeholders Introduction . Such an economy doesn’t exist for British Airways. 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. British Airways British Airways is one of the biggest and … The stakeholder can be defined in 3 groups Internal, External and connected stakeholders. My Assignment Help, 2016, https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations. Ordering subordinates by the superiors is an example of legitimate power. All rights reserved. 278-291, Swickard, J, 2003,  Adweek, Vol. 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. 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). 240-247, Otley, T, 2013, Business Traveller, PP. 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). Retrieved from https://myassignmenthelp.com/free-samples/british-airways-stakeholders-market-structure-and-regulations. BA staff are told the survival of the airline is at stake as it faces "a crisis of global proportions like no other". After the recession in 1995, the profit margin also reduced as the sales of British Airways reduced. Stakeholders The main stakeholders in this controversy case are the 500,000 customers that got their information stolen through the hack. See our User Agreement and Privacy Policy. Clipping is a handy way to collect important slides you want to go back to later. The impact of each economic system is discussed below. It is the responsibility of management to ensure that the British Airways is in sync with the employment laws that is in place. 2, pp. The change in the regulatory policies, competitive policies and the legal policies creates a direct impact in the airline industry. Apart from that, the employees at British Airways should also be motivated to be a part of charity programs. British Airways is a full service global airline, offering year-round low fares with an extensive global route network flying to and from centrally-located airports. British Airways: Stakeholders, Market Structure And Regulations. Media Centre. From the next time, Out of those 500,000 some has to deal with financial burdens that the hack brought upon them. 5329, pp. British Airways also strictly adheres to the privacy policy of the company. Having expertise in a particular sub... Just share requirement and get customized Solution. 65). 10, Brankin, A, 2011, American Banker, Vol. BA staff are told the survival of the airline is at stake as it faces "a crisis of global proportions like no other". This allows the employees to feel important while they are associated with the organization. To View this & another 50000+ free samples. Few of the challenges that create an impact on the shareholders of the business are discussed below. you They are truly a blessing when you have no choice and need help due to the busyness of today\'s life. Copyright © 2021 MyAssignmenthelp.com. 3-7, Mannion, M, 2011 Business Traveller, pp. WTO has various policies in places with regards to the airline industry and it is the responsibility of every airway, including British Airways to understand and implement the policies that are decided by WTO. 4, pp. 7-9, Eugene, T, 2003, Airways, The british medical journal, Vol. My Assignment Help. The market structure of airline industry is oligopoly in nature. Federal Trade Commission is in place to ensure that British Airways sticks to the advertising policies. The aim of the paper is to describe the network of stakeholders that are connected to British Airways. Stakeholders also play a significant role in the process of operations management at BA. If the price of the services associated with flying with British Airways is increased then this will directly create an impact on the customers. British Airways is a renowned name in the industry and hence, they can connect themselves with some charity organizations from around the world. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you received an email from British Airways in September 2018 about your involvement in the breach, you are eligible to join our claim and may be able to claim compensation. If the organization will have maintain a particular set of documents for record keeping then British Airways will have to maintain it rather than that of being ignorant. 6, Coppola, V, 2001, Adweek, Vol. Ledwidge, J, 2007, Human Resource management international digest, Vol. These include Employees, Shareholders, customers, the government and the community. access its content with a few clicks on your mouse. 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. to British Airways and stakeholders Significant investment in technology will be required. Furthermore, it may lack current technical capabilities in this area. 2. 1, no. The second customers would be employees. BA StakeholdersBA Stakeholders 2 Governme nt/Regulati ons Local Communiti es Shareholde rs Environmen tal Issues... 3. easy. 93, no. Received my assignment before my deadline request, paper was well written. The company has been successful in dealing with cultural differences that arise between the UK and foreign countries, adopting a geocentric approach to hiring workers.