Why great businesses are sinking today!!!!.....
Aviation industries in India is an under-penetrated industry. Despite this, many of Indian airline companies were shut down. Today we will talk about those reasons due to which the aviation industry is sinking fast in a country like India. We would be comparing Indian Airline's Company with Airlines of another country. Let's take an example of the US whose population is only 32 crores. They are having 7309 aircraft's, Including DELTA and American Airlines. Whereas, Country like India whose population is 132 crore. We are having 565 commercial aircraft's. Friends being an interpenetrated industry Even though there are many possibilities of growth. Such a company is closing in the country. I am going to tell you a few things which you would not find in media, newspaper, nor any employee of the company knows.
These mistakes are of the CEO level, or by the director or of the management.
Because of which a company drowns due to loss-making. You also find this may lead to merger, acquisition or joint venture to save a sinking company.
Let's know the reason why these companies drown.
1. The wrong intention of leadership
In the case of Jet Airways, The CEO of the company has centralized all the rights in his hands.
2. Will full mismanagement for personal motive.
3. Price Sensitive Market- India is a price-sensitive market from last 5 yrs. Whereas, most companies are full-service airlines. Today only those companies in India can lead who gives the lowest price in the market. Those who are willing to work with low cost in the Price Competitive market. IndiGo, SpiceJet and Air Asia are one of those.
These companies have converted luxury into a necessity. They had acquired the market share with price war strategy.
These mistakes are of the CEO level, or by the director or of the management.
Because of which a company drowns due to loss-making. You also find this may lead to merger, acquisition or joint venture to save a sinking company.
Let's know the reason why these companies drown.
1. The wrong intention of leadership
In the case of Jet Airways, The CEO of the company has centralized all the rights in his hands.
2. Will full mismanagement for personal motive.
3. Price Sensitive Market- India is a price-sensitive market from last 5 yrs. Whereas, most companies are full-service airlines. Today only those companies in India can lead who gives the lowest price in the market. Those who are willing to work with low cost in the Price Competitive market. IndiGo, SpiceJet and Air Asia are one of those.
These companies have converted luxury into a necessity. They had acquired the market share with price war strategy.
4. Government Policies whether favourable or unfavourable for similar industries.
If you own a profit-making company or
want to become a good profit-making company in future, then consider things in mind.
I'll tell you some points that needed to be considered in your business and you would be achieving great success.
✓Ignoring personal motive, Work on the company's vision and the company's mission.
How the company can make a good profit? How the company can grow?If you own a profit-making company or
want to become a good profit-making company in future, then consider things in mind.
I'll tell you some points that needed to be considered in your business and you would be achieving great success.
✓Ignoring personal motive, Work on the company's vision and the company's mission.
How can the company increase its sales? How can cost-cutting happen?
In this way, The company goes towards expansion.
✓Manage your business as per the market trend. Adapt to the changing environment.
✓Upgrade your policies as per consumer behaviour.
✓Design your policies as per the rules and regulations of the government.
✓Upgrade your policies as per consumer behaviour.
✓Design your policies as per the rules and regulations of the government.
At last, I would insist.....
Do not look for personal benefit and work in the company's favour.
Work for their employees, Work for their growth, Work for their success. Only then you would become a missionary and a visionary person to your company; Can be ranked in India's top company.
Work for their employees, Work for their growth, Work for their success. Only then you would become a missionary and a visionary person to your company; Can be ranked in India's top company.
