Airline Industry Essay Example | Topics and Well Written Essays - 3250 words - 2

Airline Industry - Essay Example nt situation of fast changing of environment in air transport, the professionals in aviation sector must have access to highly developed and comprehensive knowledge including in-depth understanding of the requirements of the airline industry globally (American Institute of Aeronautics and Astronautics, 2011). The incident of September 11 had certain worst economic effects on the airline industry. This had caused dramatic dropdown in passenger demand as well as high costs to a large extent. However, the industry was facing worst period before as well. Thus, it contributed problem for the industry besides having problems for passengers (FRBSF Economic Letter, 2002) In this paper the functions and principles of management towards airline industry have been explained in brief. The role of human resource manager and major issues of human resource management in air transport industry have been mentioned. The issues related to safety and security in airline industry along with their importance has also been highlighted in the paper. The airline industry is one of the competitive industries because accuracy and safety are required in such area. Thus, the functions of the management are to make the task process efficient and reliable so that it can safeguard the business of airlines as well as the lives of passengers. The various functions and principles of aviation industry are planning, leading or motivating, organising and controlling. The purpose of planning is to create effective strategy that will facilitate to achieve the goals of any industry. The planning process includes scope, goals, objectives and statements of the organisation. It also includes analysis of external environment, threats and opportunities of the industry. Planning and controlling are vital parts of any organisation as both are required for smooth functioning of the management of industry. Strategic planning in airports provides emphasis to safety as well as security of the travelling

Research Paper for Financial market Example | Topics and Well Written Essays - 3750 words

For Financial market - Research Paper Example The opinions of these individuals range from over-leveraging of the financial products and excessive risk-taking by banks to unjustifiable executives bonuses and salaries and the lack of sufficient regulation of the money and capital markets. It is important to provide an overview of the causes of the economic hardships that prevailed following the Great Recession which began in 2007. This paper is focused on analyzing the causes of the 2008 financial crises with a view of avoiding decisions that associated with negative economic impacts, such as the collapse of the largest financial institution prior to 2008 (Lehman Brothers); the collapse of the Lehman Brothers on September 2008 resulted in the loss of significant investments, jobs and substantial effects on the general performance of the economy (Quirk 31). The subprime mortgages are classified as risky mortgages due to the high probability of defaulting on the loan payment by mortgage borrowers; on the other hand, the prime mortgage is considered less risky mortgage since the borrowers are unlikely to default on the loan payment. The subprime mortgages are considered by a majority of lenders as profitable given the fact that they are associated with high levels of high-interest rates; however, the borrower is likely to fail to meet the periodical payments and the total sum of the loan. The period prior to the financial crisis of 2008, there was an increased competition among the mortgage lenders that saw a number of these players relaxed the underwriting standards to experience increased profits and significant market share (Weber 159). In this respect, there was a tendency by a majority of the mortgage lenders to lend subprime mortgages (risky mortgages) among borrowers with low level of creditworthiness. The lending of the risky mor tgages was notable among mortgage lenders between 2004 and 2007; this