Internet technology in airline transactions strategies
Speculate regarding the behavior which could result from Internet technology in airline transactions and propose 2 or more strategies to deal with them.
Expert
Internet technology in airline creates value creation. Value drivers like efficiency and novelty help in the technology drive. Internet enhances commerce between airline and consumers. Consumers can get information about travel and fare details. Communication between airline and consumers will become quick and fast. The instantaneous communication helps in day to day business. Customer’s expectation gets higher in the use of internet. The airline corporate strategy is to use the internet services to the fullest extent possible. Customers get value for the price they pay to the services availed. Novelty and innovation will be possible by using internet technology. Internet is paving way for innovative exchange mechanism. This is useful for customers. The innovative transaction structure will help the customers. Exploitation of internet at customer interface will transform the airline industry.
Information communication technology will be useful for operative and strategic management. Internet will be useful for distribution strategy. This will pave way for cost reduction and cost efficiency in airline business. The use of intranets will increase tactical management. This will also improve strategic management. Extranets help in communicating with passengers and partners. This will be useful for business-to-business contact. The use of internet technology and communication technology will help the airline firm to compete with the competitors and market leaders in the industry. Cost reduction is possible in the long run by reducing the overhead costs. Cost reduction committee can probe the reasons for cost escalations. Innovation in the service will bring down the cost in future. Novelty services will always attract existing and future customers. The consumers in domestic and international markets can have easy access with airline operators. The internet technology not only creates value creation in passenger traffic but also in cargo movement. Logistics is vital for companies. Movement of people and goods across local areas, regions, national boundaries and international borders make business and travel more sophisticated and gentle.
What happens when AD > AS past to full employment level of employment?
What are the “powers of the Federal Reserve
For the firm, the major goal of profit sharing plans is to:
The economic effects of inflation are all pervasive. It affects all those who depend on the market for their livelihood. The effects of inflation may be favorable or unfavorable, and low or high depending on the rate of inflation. For example a galloping the hyper inf
1) How can governments seek to control their national economies through fiscal and monetary policies?2) What are the causes of the fiscal deficits experienced by many developed nations in the past three years and what are the main effects
Adam Smith disputed that a nation’s wealth is, not the gold it possesses, but instead its: (1) Total population. (2) Capability to offer goods for its people. (3) Domestic financial capital. (4) Foreign investments. (5) Military might.
a restrictive monetary policy is designed to shift the
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
As longer time periods are taken and a bigger range of adjustments (or substitutions) become obtainable, then demand curves tend to become: (1) flatter, as supply curves become steeper. (2) Steeper as supply curves become flatter. (3) Flatter, and therefore do supply
The Income effects will be most strongly positive for: (1) Normal goods. (2) Necessities. (3) Superior or luxury goods. (4) Substitutes and much negative for the complements. Find out the right answer from the above options.
18,76,764
1954161 Asked
3,689
Active Tutors
1457079
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!