scholarly journals Theory of product policy and practices in airlines

2019 ◽  
Vol 24 (6) ◽  
pp. 425-427
Author(s):  
Ronald Wilczek
Keyword(s):  
Price Discrimination ◽  
Airline Industry ◽  
New Technology ◽  
Product Policy ◽  
Competitive Industry ◽  
New Distribution

Pricing and product policy in the airline industry is very complex and different from other industries, thus a successful airline has to manage its products and pricing perfectly, otherwise it will not succeed on the extremely competitive airlines market. This paper has two main goals, firstly to generally define product policy and secondly to show the product policy of airlines. Currently, airlines operate in a very competitive industry with little to no option to differentiate their product which leads to low profitability. New Distribution Capability and another new technology have the potential to increase airlines’ revenue by better price discrimination and more personalization.

scholarly journals IMPACT OF THE NEW DISTRIBUTION CAPABILITY (NDC) STANDARD ON FUTURE AIRLINE DISTRIBUTION – A CRITICAL ANALYSIS

2017 ◽  
Vol 8 (2) ◽  
pp. 104-133
Author(s):  
Yvonne Ziegler ◽  
Jörg Troester ◽  
Abdul Mu’ti Sazali
Keyword(s):  
Airline Industry ◽  
Distribution System ◽  
Critical Analysis ◽  
Development Stage ◽  
Air Travel ◽  
Global Distribution ◽  
Travel Agents ◽  
Important Development ◽  
Potential Impact ◽  
New Distribution

In 2012 IATA has initiated a new communication standard in airline distribution called New Distribution Capability (NDC) that will enable airlines, IT providers, and travel agents to work together to create new capability in the distribution of airline products and services as well as to simplify the business. NDC has been introduced to solve limitations of the existing programs in the distribution system and to represent the modernization of future air travel distribution. NDC standard intends to give a potential impact on future airline distribution where airlines will have wider opportunities to directly interact with intermediaries and reduce commission fees to the Global Distribution System (GDS). This study, in particular, confirms that airline distribution specialists firmly believe that NDC constitutes an important development in the airline industry and, while still being in its development stage, it clearly has the potential to address today´s market issues and to solve tomorrow´s challenges.

Identifying Different Forms of Innovation in Retail Banking

2014 ◽  
pp. 1539-1553
Author(s):  
Véronique Favre-Bonte ◽  
Gardet Elodie ◽  
Catherine Thevenard-Puthod
Keyword(s):  
Banking Sector ◽  
New Technology ◽  
Distribution Channel ◽  
Retail Banking ◽  
Process Innovations ◽  
Radical Innovations ◽  
Different Types ◽  
The Impact ◽  
New Distribution

To be competitive and capture new customers, banks must develop continuous innovations that can reduce costs, enhance existing service quality, expand current service offerings, and increase market share. This article proposes a typology of different types of innovation in the retail banking sector on the basis of a case study of the leading French credit institution, Crédit Agricole. This bank does not innovate just incrementally, and radical innovations resulted from the launch of a new distribution channel, though several innovations are unrelated to new technology. This study adds to literature on innovation services by enhancing understanding of the different types of innovation. The empirical investigation further shows that the banking sector can develop process innovations, which give the bank a longer term competitive advantage. To innovate radically, the bank should anticipate the impact of its new offerings on different areas of the system.

Case Study II

2009 ◽  
pp. 243-268
Author(s):  
Matthew Guah
Keyword(s):  
Airline Industry ◽  
Business Strategy ◽  
Direct Relationship ◽  
Service Industry ◽  
Performance Indicator ◽  
New Technology ◽  
Service Level ◽  
Commercial Airline ◽  
Selection Factors

VLITP can shift the direction of organizations by introducing new systems and emerging technologies that can serve as a trigger for change to the entire business strategy of an organization. Using VLITP simply for creating new possibilities, new markets, or enabling existing alternatives to be reachable can also trigger much needed change. The implementation of a new technology like RFID implies a direct relationship between business and IT—something that has become of increased importance in the last decade. Airlines are a vital part of the service industry, focusing on the transportation of people, their luggage, and goods from one point to another. RFID brought into the airline industry a system that tracks the location of passengers’ luggage, directly impacting the level of service an airline can provide its customer. RFID introduced new possibilities in luggage handling that are beginning to impact the entire airline industry. In the commercial airline industry, where fiercely competition has been well established, customer satisfaction and service level are important selection factors for passengers. Like its predecessor—the barcode system—RFID tracks luggage and is used to identify which baggage belongs to which customer but using a different technique to do so. RFID, being a lot more accurate then the barcode system, makes the decision by an airline to implement it a move to establish its critical performance indicator.

New technology and the chain of safety

2016 ◽  
Vol 30 (1) ◽  
pp. 4-9
Author(s):  
Rob Martell ◽  
Jason T. Macartney ◽  
Danielle Portnik
Keyword(s):  
Patient Safety ◽  
Airline Industry ◽  
Medical Technology ◽  
Weak Link ◽  
Improve Patient Safety ◽  
New Technology ◽  
Healthcare Setting ◽  
Weak Links ◽  
Frontline Staff ◽  
Improve Patient

Healthcare is currently experiencing an exponential growth in medical technology but it has not kept pace with similar industries such as the airline industry. New technology has the potential to improve patient safety, but if the introduction of new technology into the healthcare setting is not coordinated in a thoughtful, proactive manner, there may be weak links in the chain of safety that may expose risks for patients. We describe three concepts that represent this chain of safety. We suggest that these are shared among all leadership and frontline staff and that these concepts require their full attention and investment in order to keep the chain of safety intact and avoid a single weak link in implementing new technology.

scholarly journals Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions

2012 ◽  
Vol 4 (3) ◽  
pp. 1-33 ◽  
Author(s):  
Thomas J Holmes ◽  
David K Levine ◽  
James A Schmitz
Keyword(s):  
New Technologies ◽  
New Technology ◽  
Fixed Cost ◽  
Opportunity Costs ◽  
Adoption Of Technology ◽  
Technology Firms ◽  
Competitive Industry

Arrow (1962) argued that since a monopoly restricts output relative to a competitive industry, it would be less willing to pay a fixed cost to adopt a new technology. We develop a new theory of why a monopolistic industry innovates less. Firms often face major problems in integrating new technologies. In some cases, upon adoption of technology, firms must temporarily reduce output. We call such problems switchover disruptions. A cost of adoption, then, is the forgone rents on the sales of lost or delayed production, and these opportunity costs are larger the higher the price on those lost units. (JEL D21, D42, L12, L14, O32, O33)

scholarly journals Anticipated but Unwelcome

2018 ◽  
Vol 140 (06) ◽  
pp. 37-41 ◽  
Author(s):  
Lee S. Langston
Keyword(s):  
Airline Industry ◽  
Gas Turbines ◽  
New Technology ◽  
Commercial Aircraft ◽  
Commercial Aviation ◽  
Commercial Airline ◽  
Swing Engine ◽  
Full Swing ◽  
Executive Careers ◽  
Roll Out

This article provides the latest trends in the gas turbines market and their future outlook. The last three years of operation have generated more profit for the commercial airline industry than the previous 30 years combined. That money has led to new orders for commercial aircraft and as a result, production of commercial aviation gas turbines is in full swing. Engine manufacturers such as Pratt&Whitney, Rolls-Royce, General Electric, Safran, and others have taken this surge in orders as an incentive to develop new technology. The launch of a new jet engine by a manufacturer can be a multi-billion dollar effort. Financial projections and executive careers hang on a smooth roll-out of the new technology.

scholarly journals Price Discrimination and Yield Management in the Airline Industry

2021 ◽  
pp. 404-408
Author(s):  
Guoquan Zhang ◽  
Colin C.H. Law ◽  
Yahua Zhang ◽  
Hangjun Yang
Keyword(s):  
Price Discrimination ◽  
Airline Industry ◽  
Yield Management
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