ECO 365 Week 5 Competitive Strategies and Government Policies

Jun 5th, 2016
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Select an organization the team is familiar with and which has a global presence. Management in the team's organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points. Create a 12- to 16-slide PowerPoint® presentation in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar: • The impact of new companies entering the market, mergers, globalization on the market structure, price elasticity of demand, pricing, and the sustainability of profits • The impact of current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities • The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations

Word Count: 1241
Showing Page: 1/16
Melanie Margol, Belinda Cadiz, Nichole Keyes,and Angie Matos ECO 365 - Team A - June 2, 2016Overview Introduction Impact of new companieso Globalization, mergers, price elasticity of demandPricing, sustainability of profits Impact of government policieso Including taxes, and regulations to address issuesof externatilties Effect of global competitiono Change in labor demand, supply, relations withunions, and rules and regulations ConclusionWhat is the impact of new companysentering the airline industryStay abreast of the changes inthe marketDo your research and know thecompetitorThe barriers of entry in anoligopoly market structure isextremely difficultMergers, Globalization on the AirlinesMarket StructureMergers in the commercial airline industry effects severalcomponents of the market such as fares, operations, andcustomer serviceIt makes perfect business sense for some company's tofoster a global presence as a way for firms to unify andestablish a single society for profitability purposesThe market structure for airlines is an oligopoly. Thismeans that there is a limited amount of companys thatcompete in this industry.Ways Mergers and Globalization can affectthe Market Structure of the Airline IndustryUnionizationhelps keep flightsin the air by wayof competitivesalaries andbenefitsGlobalization canchange labordemand as wellas and the needfor specializedtrainingRunning an airlinetakes constant

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