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.
People in whole the world confront the difficulty of scarcity at always because: (i) restricted resources and times preclude producing all the goods people need. (ii) greedy capitalist monopolies charge excessively high prices. (iii) international mar
State the Law of supply and explain the factors that affecting supply of commodity
When firms bear the legal incidence of a tax, this is backward shifted while: (1) firms burden consumers by raising their prices. (2) the tax burden is borne by workers in the form of lower wages. (3) resource suppliers seek higher factor payments to
Can someone help me in finding out the right answer from the given options. The substitution effect is fully explained when: (i) Brandon just eat tofu since he is on a diet. (ii) A rise in the price of corn chips drives up demand for the salsa. (iii)
Can someone help me in finding out the right answer from the given options. The basic difference between the dollar amounts people would willingly to pay for a particular quantity of a good and the amounts that they do pay at a particular market price is termed as: (1
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
the most frequently asked question on foreign direct invetment
Land, capital and labor are all scarce since: (1) advertising mainly over stimulates human wants. (2) once employed they cannot be used again. (3) each productive resource needs a monetary return for its employ. (4) inheritance under a capitalism prot
How would your policy proposals influence the market for parking?
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor r
18,76,764
1952478 Asked
3,689
Active Tutors
1446269
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!