BAA is the largest single airport operator in the world and developer Essay Example
This assignment covers a range of topics related to running a business, including information on business operations such as goal-setting, organizational structures, cultural influences, and management styles.
Information related to the business world will be incorporated in the assignment and I will utilize BAA Airlines as the reference point to provide elaborate explanations for each section. The discussion will cover various aspects of BAA Airlines and its operational procedures. However, in case certain information is not accessible from BAA Airlines, a different company may be used as a substitute.
BAA Airlines is the world's largest airport operator as well as a prominent commercial landlord, retailer, and developer. The company possesses seven airports, including the popular Heathrow airport, and holds management contracts or shares in ten additional airports beyond the UK. In addition, BAA manages airports in the United State
...s. Annually, the airline oversees 200 million passengers traveling through airports, and they remain focused on enhancing customer experience.
The British Airports Authority was established in the 1960s due to rapid technological advancement and increased traffic in commercial aviation, which made it too complex for a central government department, the Ministry of Civil Aviation, to control all aspects of the industry. To allow for greater flexibility and profitability while remaining accountable to Parliament, Roy Jenkins introduced the Airports Authority Bill in 1965. The Bill was passed and in April 1966, the British Airports Authority took ownership and responsibility for Heathrow, Gatwick, Stansted, and Prestwick airports in Scotland.
In 1971, the government sold Edinburgh Airport to the organization. Four years later, they acquired Aberdeen Airport from the CAA and Glasgow from Glasgow Corporation. The Airports Act was passe
in 1986, which required the dissolution of the authority and the transfer of its property, rights, and liabilities to a new company, BAA plc. BAA plc was successfully floated on the Stock Market in July 1987, with a capitalisation of i?? 1,225 million. This reflected the long profitability record of the organization and high standing in the commercial aviation industry internationally.
In 1988, a ?250 million investment led to the official opening of Gatwick's North Terminal by HM The Queen and HRH The Duke of Edinburgh. Business objectives span a wide range and can be classified into three categories: maximizing objectives, ensuring continuity objectives, and societal objectives.
When setting objectives, businesses may choose to focus on satisficing, minimising, or maximising. Maximising objectives involve achieving the highest possible result or outcome. The specific objectives chosen by a business will depend on their organisation and priorities. While profit maximisation is a common goal, some organisations may have other areas they wish to prioritise.
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