Strategic Management in the Aviation Industry Essay - 1

Strategic Management in the Aviation Industry - Essay ExampleIt is evidently clear from the discussion that apart from the issues within the companies scope, some industries ar faced with concerns that tend to be beyond their control. Such topics globally affect the performance of an industry and all the industrys firms must act in unison to overcome much(prenominal) crises for the overall benefit of the entire industry. In the analysis of the population economy, all industry players have to be taken into cover and their niche is critically scrutinized to ensure the best position is reached at, and for the analysis to give the best position of an industry. This is due to the disparities in the diverse industries composing the world economy. Considering this, such analyses unearth inside make-up of these industries that assist in their in-depth knowledge. Consequently, this exhaustive understanding of such industries results in better positions for tackling the contentious issues and trending topics that affect the specific industries and extend to the world economy. In light of this, an industry for consideration would be the aviation business. The aviation industry is composed of all companies, private or otherwise, that partake in the carriage transport. This includes both passenger travel and cargo freight. It is a rapidly growing industry and being the fastest means of transport, it is the most preferred by many. The air lane industry is demarcated into various sub-sections consisting of commercial passenger transport, private charter firms, cargo freight companies and, more recently the introduction of emergency flying doctor services. delinquent to this, the delineation of boundaries for this industry poses a number of challenges to the industry players. As such, rifts may occur among industry players with each firm only associating themselves with their niche and generally avoiding interaction with others outside their scope. Considering this, th e negative impact comes evident when a firm supposedly offers services in a niche not considered its specialization. The other companies in that military capability would view this as territorial infringe. This often puts different industry players at war against each other. Moreover, the establishment of national airspace also sets an avenue for differences among countries.