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Contents
Relationship between Strategic management and Leadership ................................................................................................ 3 Leadership requirements: ........................................................................................................................................................ 3 Development of leadership skills ............................................................................................................................................ 4 Strategic marketing Management ........................................................................................................................................... 5 Strategic marketing tools and techniques................................................................................................................................ 5 SWOT of KINGFISHER ........................................................................................................................................................ 6 1. STRENGTHS ............................................................................................................................................................. 6
2. WEAKNESSES .............................................................................................................................................................. 6 3. OPPORTUNITIES .......................................................................................................................................................... 6 4. THREATS....................................................................................................................................................................... 6 Factors affecting the strategic planning .................................................................................................................................. 6 The Economy ...................................................................................................................................................................... 6 External environments ........................................................................................................................................................ 7 New Competition ................................................................................................................................................................ 7 Financial Resources: ............................................................................................................................................................ 7 Bibliography ............................................................................................................................................................................ 8
Leadership requirements:
In every culture there exists leaders and they know how leadership skills are developed. In democratic societies we cant find leadership as easily, but thorough good education structure we can develop a good atmosphere where leaders can be developed and groom. In many cultures and societies, religion and there social classes, such as in Tibet, leaders are developed from childhood to get know how about the facts that how to lead people. Leaders are taught that how to manage and lead the people and giving the tasks in well directed way. (David S. Weiss, 2007) Leadership is basically requires leader that can visualize the future in better ways and knows the direction to move. (Portny, 2007) They take challenges to be done, and tasks are to be completed. Leaders are the person who guides the persons who are trying to resolve a problem. Because without proper guidance we cannot see the way as easy as with leadership
SWOT of KINGFISHER
As far as the SWOT is concerned SWOT refers with the analysis that enable the strategic persons to find out main and key areas of the organization to get more involved in the strategies with analysis of the companies four areas of strengths weakness opportunities and threats, these are the factors that effects the organizations internally and externally.
1. STRENGTHS
Major strengths of the king fisher organization are as follows. 2. 3. 4. 5. 6. Brand values of the organization is very strong and having very good repute in the mind frame of the customers. UB group is the main organization that is parent company of the kingfisher. It is the first airline of the Indian market that has new fleet of airplanes in its batch New innovative business and creative plans to target new customers There are more than 80 destinations around the area where it is flying. This feature is very charming for the customers as well as targeted market is very vast and active. 7. Cost efficient as there are 100- employees per aircraft.
2. WEAKNESSES
Where this organization is having strengths in line at the same time it is facing with complicated weaknesses like 1. 2. 3. 4. Research and development process for the organization is very slow and not effective as it should be It is under the heavy debt of 950crs that is huge billing from the oil providing organization. Prices of the airline are very high as compared with other organizations There are a number of players working in parallel with the kingfisher that shows that barriers are not higher for new entrance.
3. OPPORTUNITIES
1. 2. 3. 4. There is still a big market share to be captured yet International market is yet to be explored Cargo planes can be introduced for its new market segment Tourism market is not targeted yet that is big customers of companies like king fisher
4. THREATS
1. 2. 3. 4. 5. Demand of the industry is falling day by day due to high rates of the fare and tickets rates Traffic capacity has been increased so flying has been decreased by the international air traffic control systems High prices of the oils and other things Economical collapse of the world Issues regarding the infrastructure of the air ports of all the cities are not up to the mark
External environments
More external forces affecting the organization will lead the strategies to be changed and that are needed to be focused during before and after the planning process of strategies. These factors are major areas that are kept in mind to get them reduced or utilize as per requirement of the industry or organization.
New Competition
With new competitors like Chinese air lines in the market that are cheaper in prices and providing highest and finest quality of the services are major threats and a factor that is kept in mind before designing the strategies. New arrival in market means more market share shell is captured by the competitor that will give him a competitive advantage over king fisher. These are the major parts and areas to focus more hard to reduce these incoming threats by increasing the barriers of entry in market by developing it so fast that no one could capture it. More new completion in market gives an impression that market is healthy and consumer is getting benefits but ultimately with passage of time market goes towards saturation and this is the time when we can say companies face more difficulties to capture the market share.
Financial Resources:
There are many resources that are always involved in planning process that also includes the huge obstacle for the organization those financial issues. These financial budgeting and planning recommend the sizes of the organization more effective and efficient ways to make decisions and to implement those strategic decisions.
Bibliography
Blocher (2005). In, Cost Management (p. 730). V. M. David S. Weiss (2007). In, Leadership Solutions: The Pathway to Bridge the Leadership Gap (pp. 127-128). A. J. DuBrin (2009). In, Essentials of Management (pp. 334-335). C. P. Garcia (2009). In, Leadership lessons of the White House Fellows (p. 155). L. J. Gary Monroe Crow (1996). In, Leadership: a relevant and realistic role for principals (pp. 26-27). S. E. Portny (2007). In, Project management for dummies (p. 255). L. C. Robert K. Greenleaf (1998). In, The power of servant-leadership (pp. 190-191). F. F.-T. Tony Merna (2011). In, Corporate Risk Management (pp. 84-85). L. Vuskane (2010). In, Management and Leadership in Manufacturing Industry (pp. 3-4). H. C. William J. Rothwell (1999). In, Building in-house leadership and management development programs (pp. 137-138).