Based on the PSETL analysis below, please discuss the environment forces in the industry. And to identify
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Based on the PSETL analysis below, please discuss the environment forces in the industry. And to identify Critical Success Factors of the industry.
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1010 1010 Political . Government Relations and Partnerships Geopolitical influences in major markets ✓ political instability ✓ dispute ✓ Sanctions and other regulations • Impact of protectionist and anti- competitive policies Technological • New developments in aircraft design Expansion of long-haul routes ✓ Fuel-efficient equipment, etc. Equipment with high value-added services • Online Ticketing • Development of safety and cost management systems Kil AA Economic . Changes in profitability due to fluctuations in fuel prices • Fluctuations in airline demand due to the global economic climate • Oligopolistic industrial structure . Increased demand for freight transport Airport fees, fuel tax . Legal Government Regulation of the Aviation Industry • Obtaining regulatory approvals • International treaties on the ability of airlines to operate in different countries Social Impact of changing consumer preferences on air travel demand • The Rise of Low-Cost Airlines Ripple Effect of Code-Share Flights Marketing mix in the sports domain, etc. Environmental • environmental regulation ✓ Reduction of CO2 emissions ✓ Air Pollution Countermeasures ✓ Reduced fuel consumption ✓ Noise Countermeasures . • Impact of Climate Change on Air Travel ✓ Increased rain, wind, snow, fog, and other factors affecting flight planning ✓ Decrease in cargo and fuel carrying capacity due to reduced lift caused by global warming and the need to extend the runway 1010 1010 Political . Government Relations and Partnerships Geopolitical influences in major markets ✓ political instability ✓ dispute ✓ Sanctions and other regulations • Impact of protectionist and anti- competitive policies Technological • New developments in aircraft design Expansion of long-haul routes ✓ Fuel-efficient equipment, etc. Equipment with high value-added services • Online Ticketing • Development of safety and cost management systems Kil AA Economic . Changes in profitability due to fluctuations in fuel prices • Fluctuations in airline demand due to the global economic climate • Oligopolistic industrial structure . Increased demand for freight transport Airport fees, fuel tax . Legal Government Regulation of the Aviation Industry • Obtaining regulatory approvals • International treaties on the ability of airlines to operate in different countries Social Impact of changing consumer preferences on air travel demand • The Rise of Low-Cost Airlines Ripple Effect of Code-Share Flights Marketing mix in the sports domain, etc. Environmental • environmental regulation ✓ Reduction of CO2 emissions ✓ Air Pollution Countermeasures ✓ Reduced fuel consumption ✓ Noise Countermeasures . • Impact of Climate Change on Air Travel ✓ Increased rain, wind, snow, fog, and other factors affecting flight planning ✓ Decrease in cargo and fuel carrying capacity due to reduced lift caused by global warming and the need to extend the runway
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In the aviation industry environmental forces play a significant role in shaping the business landscape Lets delve into the various elements of the PSETL analysis and identify the Critical Success Fac... View the full answer
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Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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