Premium Essay

Airasia, How They Solve Problems Is Turbulent Time

In: Business and Management

Submitted By donnyw
Words 3046
Pages 13
Introduction Today’s, AirAsia Berhad has become one of the well-known and popular name among the airlines industry. The AirAsia is a name synonymous with low fares, quality service and dependability. The company has made flying affordable for more than 50 million guests. Now, the airline company is the leading low fare airline in the Asia since it has been expanding rapidly since 2001, to become an award winning and the largest low cost carrier in Asia. With a fleet of 72 aircrafts, AirAsia flies to over 61 domestic and international destinations with 108 routes, and operates over 400 flights daily from hubs located in Malaysia, Thailand and Indonesia. The airline company was established in 1993 and started operations on 18 November 1996. It was originally founded by a government-owned conglomerate DRB-Hicom. In 1996, the company became Malaysia’s second national carrier, and officially commenced operations as a full-service domestic airline with two aircraft. Five years after in December 2001, Tune Air acquired a 99.25% shareholding in the company from Hicom. On 2 December 2001, the heavily-indebted airline was purchased by former Time Warner executive Tony Fernandes and his partners for the token sum of one ringgit. At that time, Fernandes and his partners have set up the company Tune Air Sdn Bhd, an airline holding company then bought over AirAsia.
Since it was set up by Tony Fernandes in year 2001, the AirAsia has become the leading low-cost carrier in Southeast Asia. The group focuses on providing high-frequency services on short-haul, point-to-point domestic and international routes. AirAsia began its operations in 1996 as Malaysia’s second national carrier, but was unable to sustain profitability under a full-service airline model. In December 2001, Tune Air acquired the company with the intention of transforming it into a profitable low-cost carrier.…...

Similar Documents

Premium Essay

Corporate Governance in Turbulent Times

...CORPORATE GOVERNANCE IN TURBULENT TIMES ABSTRACT The last few years we have seen some major scams and corporate collapse across the globe. In India, the major example is Satyam which is one of the largest IT companies in India. All these events have made stake holders realize the urgency and importance of good corporate governance. Before investing money in any company people are quite concerned how companies are being managed. International organizations like IMF, WTO and World Bank are also insisting on transparency. All this has made Corporate Governance and transparency up the public agenda. Good Corporate Governance makes for good business sense. It increases confidence of shareholders in the company. This leads to better stock prices. Good disclosure practices lead to a more liquid market for the company. This lowers cost of debt for the company. Thus the CEOs of today, there is a clear business case for complying with principle of good Corporate Governance. In the era of Globalization & Liberalization market forces plays a crucial role. We know that liberalization in emerging economy has made access to foreign funds easier. Availability of foreign funds will lower the cost of capital. It is quite understood. All companies will like this to happen, but the international lenders will be careful. They will expect that the companies they lend to follow good Corporate Governance. These lenders will......

Words: 17221 - Pages: 69

Free Essay

Solve a Problem

...Solve a Problem PHL/458 Determining Disciplinary Action for Employees in the Workplace My role as manager requires me to observe all loss prevention issues and perform the necessary disciplinary action associated with them. When observing employee issues and assessing the disciplinary action previously taken in the past, I noticed the course of action for offenders was limited. You simply were reprimanded once and fired if the problem persisted. I initially thought this was unfair to our employees because every problem did not warrant the same disciplinary action. After critical examination of possible solutions to the disciplinary process within our company, I concluded management should implement better training for its employees. This would help in our attempts to maximize production and minimize employee mistakes. After evaluating this argument and eliminating other possible solutions and assumptions, I decided this resolution would be best for our company as well as our employees. By providing extensive training to our employees, we would cut down on employee errors and correct mistakes that have been previously made in the past. While starting the process of implementing the new training for our employees, I realized the solution of providing training was a good idea for our company and its employees; however, this solution did not completely solve the original problem of the actual disciplinary action that would be used when an employee made a mistake...

Words: 725 - Pages: 3

Free Essay

Solve a Problem

...creative process: to produce ideas and to judge them. Recently in my work place, I had to use the creative process to solve a problem. The first stage of the creative process is searching for challenges. As the Assistant Kitchen Manager in the restaurant, I constantly have to look for original ways to meet challenges in an original and effective way. I don’t usually have to seek out challenges as they come to me in the form of an obvious problem. One night, one of our food runners named Mason arrived for his shift at 4:00pm. He had worked earlier that day from 11:30am to 2:00pm. He doesn’t drive a vehicle so he stays in the nearby shopping center and returned later that day for his evening shift. This is where the challenge began: Mason came back to the restaurant reeking of alcohol and bragged to several team members that he drank in between his shift. I immediately identified this as a challenge that needed to be addressed. The first stage of the creative process represents the habit of searching for challenges on a constant basis but this challenge was obvious to everyone. This is where the second stage of the creative process shifted: expressing the problem or issue. The problem was that we had a team member who had drunk alcohol between his shifts and thought it would be alright to come back to work. In order for me to properly express the problem, I first had to address the most common mistake in making the identification: Was I only seeing this from one......

Words: 1112 - Pages: 5

Premium Essay

Solve a Problem

...Solve a Problem Paper PHL458 Aug 19, 2013 Solve a Problem Paper A creative process is designed to help solve problems and come up with solutions. The creative processes are the systematic order to identify research, gather information, analyze and then come up with strategies to solve it. Being creative is not easy and humans go through two phases, producing the idea and then judging them.(Ruggiero, 2009) In this paper I will identify the four stages of the creative process and then solve produce a problem and solve it using all four stages of the creative process. Thinking creativity is thinking outside of the box, using your imagination and having originality. To keep the creative process simple there is stages to the creative process. The first stage is searching for challenges; usually challenges are not hard to find they come in the form of issues and problems that need to be solved. Everyone has problems and issue throughout their daily actives that need to be addressed. The Second stage is expressing the problem or issue, this is realizing the issues or problems exists and then start thinking of the multiple ways to solve the issues. The third stage is investigating the problem or issue; an individual will start gather information and data to help solve the problem or issue. Throughout these processes one might be gathering new information or uncover old information to help with investigating. The last stage is producing ideas, an individual needs to...

Words: 1141 - Pages: 5

Premium Essay

Solve a Problem Paper

...Solve a Problem Paper There is so much more to solving a problem than most people think there is. There is a whole process that was created to help identify challenges and creatively find solutions to the problems created. In this paper, I will explain each stage in the creative process and will choose a personal challenge that I will walk through the creative process. There are four stages to the creative process that include searching for challenges, expressing the problem or issue, investigating the problem or issue, and producing ideas. In the first stage: searching for challenges, it is expected for challenges to be constantly thought about and searched for. The text book “The Art of Thinking”, it says that the importance of searching for challenges is reflected in the fact that you can be creative only in response to challenges that you perceive (Ruggiero, 2009). In other words, without challenges there is no need for the mind to be creative. The second stage of the creative process is expressing the problem or issue. In this stage, it is best to find an expression that will yield the most helpful ideas. When looking for the best expression, it is looking for the best way to identify the problem or issue in a question form. The third stage: investigating the problem or issue, is where necessary information is collected to effectively deal with the problem or issue. Lastly, the fourth stage: producing ideas, is the stage where ideas are produced to decide......

Words: 1257 - Pages: 6

Premium Essay

Solve a Problem

...Disorder (ADD) and Attention Deficit Hyperactivity Disorder (ADHD). These diagnoses are not always the case and also teachers are not medical doctors. This paper will inform you about my creative process to solve the problem of my son’s learning disability. In first grade my son was having a problem with numbers adding and subtracting, and the teacher wanted to fail him in math, I fought that battle to figure out what the issue really was. I now realized I used the creative process to help me solve the problem. There are many stages in the creative process. The first stage is searching for challenges. There were many challenges trying to figure out what my son’s learning disability was. Many thought because he is a twin and was born premature that he was just developing slowly. Once he got in elementary school the teacher said he, had attention deficit disorder. I agreed with neither, I knew there had to be something else going on. The second state is Expressing the Problem or issue. Because the school was content on trying to fail him in math with no interventions, I expressed the problem with his doctor who did test and stated that in fact he did not have ADD, but he does have a developmental delay in math concepts. The third stage is investigating the problem or issue. I took my son to a specialist on my own to get him tested. The only thing the school kept asking was where his father was and does he see him? These questions had nothing to do with him......

Words: 1264 - Pages: 6

Premium Essay

Solve the Problem

...Solve the problem Solve the problem Describe creative process The four stages in the creative process as described in Ch. 5 of the text are the following: searching for the problem, expressing the problem or issue, investigating the problem or issue, and producing ideas. * Stage one of the creative process – searching for the problem – emphasizes the importance of responding to problems in triggering one’s creativity (Ruggiero, 2009). * Stage two centers on expressing the problem or issue in numerous ways and finding the most creative and helpful ideas. * Stage three objectives is obtaining the information necessary to solve the problem or issue. * The fourth and final stage of the creative process deals with producing the ideas necessary to solve the problem or determine a stance on the issue. Personal Challenge Considering the four stages in the creative process that work to solve an issue or problem, a personal challenge that I can apply the stages to would be in re-evaluating myself as a whole and making life changes to become a better wife, mother, and person in general. I used and applied three out of the six techniques described in Ch. 6 to determine which areas needed the most work. The first technique, “being observant,” help me realized how tired my husband has been in dealing with our children shown through his look, the faint circles under his eyes and slower movement in his style. I realize that I can be from more help......

Words: 1332 - Pages: 6

Free Essay

Solve a Problem

...Solve a Problem PHL/458 Rebekah Armstrong University of Phoenix Aleyda Cardenas February 17, 2014 Solve a Problem Creative thinkers have a generalized set of character traits used within the creative thinking process to assist with finding the best resolution to the challenge faced that consist of originality, use of imagination, and effectiveness. Through each of the four stages of creative thinking, thinkers continuously find challenges and multiple ideas that create solutions for these challenges. Determining what the most effective solution to the challenge is may take a varied amount of time but because creative thinkers are so dedicated, they will keep striving to meet their goal. The personal challenge search effectively demonstrated all areas of the creative thinking process from beginning to end. Creative thinking is not just an art form; it is a process that requires hard-work and dedication from independent individuals who strive to find the best possible solution to a challenge. Creative Thinking Process The creative thinking process consists of four steps which break down the different essential areas that cover all aspects of the process, from beginning to end. Creative thinkers have character traits of boldness, resourcefulness, independence, are generally dedicated hard workers. Each step of the creative thinking process is routine for creative thinkers because they know until one step is completed the next cannot commence. Step......

Words: 1229 - Pages: 5

Premium Essay

How to Solve Social Problems

...‘How Can We Solve Our Social Problem’ by Crone, J.is a book that show Practical approach to tackling problems in our community today but one would really as why have the governments never thought of introducing such ideas to deal with humanities’ social problems. It’s quite clear as much as some of the ideas sound very nice it’s difficult for any political arm to try to implement because of the long term and short term effects they will have on the community. A good example of an impractical ideas is the book concept of the American judicial system. Many times confessions are used as strong evidences in court however they can be very misleading if the confessions are false .In United States more than 400 untrue confessions (Cassell, 1998).these confessions may lead to wrong conviction which is inappropriate. Social Problems: Community, Policy and Social Action Third Edition Leon-Guerrero, A. Sage also doesn’t touch on the family bit which is the core of all social aspects. The books doesn’t also consider the values and beliefs that already exist in the community today. Beliefs don’t just fade away in one day. Only an organized strategy can see to the extinction of social beliefs and value. The two books have very nice ideas on how to revolutionize the social aspect of America but the writer forgot to discuss the reasons why some of the ideas cannot be implemented in the current situation in the America and the results that would be achieved if the ideas are implemented. ...

Words: 286 - Pages: 2

Premium Essay

Explain How a Free Market Economy Solves the 3 Basic Economic Problems

...Explain how a free market economy solves the 3 basic economic problems Free market economy is a system where every individual can function and operate free as a consumer or producer. The free market economy can be used to solve the 3 basic economic problems which is what to produce?, how to produce?, and for whom to produce. What to produce depends on three factors which is profit motive, price system and consumer sovereignty. Competition among producers will force the producer to come up with newer and more innovative ideas. Price mechanism will help to relocate resources efficiently whereby goods and services will be produce to satisfy unlimited human wants. Price | Demand(D) | Supply(S) | 1 | 10 | 2 | 2 | 8 | 4 | 3 | 6 | 6 | 4 | 4 | 8 | 5 | 2 | 10 | Equilibrium point Equilibrium point Price Mechanism diagram How to produce refers to the method of production which is using a cheaper method, using a new method of production by using high technology and labour intensive or capital intensive. Competition between producers improves efficiency and producer will try to cut down cost to get higher profit. For whom to produce is the third economic decision as towho will be receiving goods and services in the free market economy system is answered through the price system is answered through the price system. Goods and services are obtained by anyone who can afford them. Goods and services are distributed among the residents of......

Words: 259 - Pages: 2

Premium Essay

How to Solve Destoner Machine Noies Problem

...In daily operation, DESTONER MACHINE may have some noises. How to find out the cause of the noises and how to solve the problem? First, when the destoner machine wind screen has noises, this always has close relations with the wind screen conformity. Due to the rough point of weld in corn processing, the wind screen small mouth margin height is not consistent. In allocation, it always has friction with the rotor end. Second, electromagnetism sound: it can be divided into high frequency and low frequency. It may be because of the bad conformance of the axle iron core chute,the rough iron core inner chamber and the inconformity of the rotor outer diameter processing. Usually we can adopt the method of changing rotor to solve this problem. Third, high and low voice from the motor: a. The destoner machine stator and rotor have uneven air gap. If the voice is sometimes high and sometimes low, and the voice interval time keeps invariant, then it may be caused by the bearing abrasion which makes the stator and the rotor not concentric. b. Unbalanced three-phase-current. c. Loose iron core. Fourth, if there has uneven crash, it may be caused by the crashing between the fan blade and the fan housing. Fifth, the noises from the stator and the rotor friction belongs to the limiting condition of chamber sweeping. Finally, other factors also may cause destoner machine noises, such as slot sedge part popping, vibration, long fixed bolt of the bearing cap. We should check......

Words: 279 - Pages: 2

Premium Essay

Solve a Problem

...Solve a Problem Student Name PHL/458 Date Instructor Solve a Problem Four Stages in the Creative Process According to Ruggiero, (2009), “The creative process has four stages which are: searching for challenges, expressing the particular problem or issue, investigating the problem, and producing a variety of ideas” (p. 105). The first stage of the creative process is searching for challenges. During this stage of the process a person should become accustomed to the habit of constantly searching for a challenge. It is important to note that a person can be creative only in response to challenges that he or she perceives (p. 105). The second stage in the creative process is expressing the problem or issue. The objective of this process is to find the best expression of the problem that will provide the most helpful ideas. A common mistake made in this stage of the process is seeing the problem from only one perspective and therefore closing oneself off to other points of view (p. 106). The third stage in the creative thinking process is investigating the problem or issue. The objective of this stage is to obtain the necessary information to deal with the problem or issue. This can be done by searching experiences and observing them for information pertinent to the problem at hand. The fourth stage of the process is producing ideas....

Words: 1264 - Pages: 6

Premium Essay

Solve a Problem

...process to allow their mind to think of areas that may need a little improving.  The second stage is to express the problem or issue.  Perhaps writing out different thought patterns and coming up with an idea that best match the correct or needed result can stimulate progress in the process.  The third stage in the creative process is investigating the problem or issue. If you encountered a specific problem or issue that you couldn’t resolve, you may need to ask someone with more experience or research the issue to reach an adequate solution. Producing ideas is the fourth and final stage. One must make a precise decision to determine which ideal concept they will take.  In this stage there lie two obstacles.  While trying to produce ideas one must fight the urge to limit your ideas.  The other obstacle is not settling on the first idea that comes to mind and to try harder to come up with something different. Some may think their first thought is also the best result, but you should challenge yourself to think past your first thought to chime into your creative nature. A personal challenge for me was going back to school. I had to think of all the different obstacles going back to school would pose on my normal day to day routine. Returning to school would interfere with my work schedule, not having time to cook dinner, and causing conflict with my spare time. Then, I realized that there are other ways to attend school and not just going to a standard university campus. ......

Words: 1224 - Pages: 5

Premium Essay

How Capitalism and Socialism Solve Economics Problems

...Economic problem is one of the fundamental economic theories in any economy operation. The problem then turns into “how to determine what is to be produced” and “how the production factors are to be allocated”. The economic problem primarily revolves around the idea of choice that ultimately must answer that problem arisen. Hence, different economic models put choice in different hands. A capitalist economy is a form of economic organisation in which means of production viz., land and capital are owned by private people. Capitalistic economy is also known as free market economy which exists without the constraints of government wage and price controls. Proponents of market capitalism argue that resources are automatically allocated toward the things that society collectively values the most. They agreed that role of the government is to protect the property rights of individuals and companies so that they can have the confidence to undertake the economic activity that will create the most value. For example, if a good or service is overvalued, the surplus will force providers of the good or service to lower their prices or to re-allocate their capacity to produce something more worthwhile. Another example is that if the supply of a good or service is inadequate, rising prices increase the value and so cause more production capacity to be directed toward the item. However, In a socialist economy the basic economic problems are solved through plan¬ning. The government......

Words: 338 - Pages: 2

Premium Essay

What Are the Major Problems for Barilla? How Would You Solve Them?

...1. What are the major problems for Barilla? How would you solve them? Barilla Spa is a pasta manufacturing company. The product line is divided into “dry” and “fresh” product categories. Barilla products are distributed through three types of retail outlets that include: Small independent grocers, supermarket chains and independent supermarkets. The company is suffering from a supply chain problem. Some of the highlighted problems faced by the company include the following: * Poor forecast capabilities- There is absence of any proper forecasting system. Due to overly complex distribution system, determining order quantities was not easy. Orders swung wildly from week to week. * High Lead time- The average lead time was ten calendar days. Barilla product was shipped to the distributor eight days after the order was placed and ended fourteen days after the order was placed. Moreover the distributors’ sales volume varied all the time. Order batching has no minimum or maximum quantities and leads to problems of stock outs and backorders. * High Level of inventory- Miscalculation of ROP and safety stock. The standard deviation of 227 quintals in the weekly demand for Barilla dry products reflects the level of inventory that needs to be maintained. Thus there is increase in the inventory holding costs. * Bull whip effect- Due to the different levels in the entire distribution chain, the fluctuations in forecasting percolated through the entire process. This made...

Words: 520 - Pages: 3