Sunday, December 29, 2019

The Discovery And Conquest Of Latin America And The...

Conquering the Americas The discovery and eventually conquest of Latin America and the Caribbean Islands is perhaps one of the single most important encounter of two cultures. In 1492, when the conquistadores first set foot on the New World, not only did they discovered territories previously unknown to them; but also great civilizations who inhabited the lands. As Marshall Eakin describes in his book The History of Latin America, the civilizations of the Americas were â€Å"monarchies led by powerful leaders†¦ they were built in complex social and cultural systems† (Eakin, 65). Nevertheless despite the Native American’s great achievements, these civilizations possessed a great amount of disadvantages compared to their Spanish conquerors. Such disadvantages played a decisive role in the conquest of the New World by the Spaniards. The conquistadores’ main decisive factor in the conquest of the New World was the transferal of old world diseases into the new world, followed by their s uperior weapons, the Indigenous rivalries, native superstitions, and the aid of black slaves. The greatest factor for the Spanish’s conquest of the Americas was the appearance of old world diseases in the new world. In his text First encounters Higman agrees, â€Å"People of the Caribbean suffered heavily when first exposed to diseases endemic in Europe and Africa but unknown in the Americas. The most deadly was smallpox, but influenza, measles, malaria, yellow fever, typhus, and the bubonic plague also tookShow MoreRelatedThe Environmental Effects Of Latin American Colonization2232 Words   |  9 PagesThe Environmental Effects of Latin American Colonization The year 1492 is arguably the most important span of 12 months in world history; nearly a quarter of a million Jews were expelled from Spain, Pope Alexander VI came into power, and most importantly, Genoese explorer Christopher Columbus was the first European to set foot in what came to be known as â€Å"the New World.† It’s common knowledge that Columbus didn’t really discover the New World. Rather, the Americas, as the New World came to be knownRead MoreThe Relationship between Sugar and Slavery in the Early Modern Period3546 Words   |  15 Pageson plantations they established in conquered Mediterranean islands. In the late 1300s and 1400s the Portuguese colonised Madeira and the Azores for the same purpose as the Spanish absorbed the Canary islands. Indeed it was the profits which made themselves available from sugar production that provided the impetus for the development of the plantation system that matured in the Mediterranean, spreading to the Atlant ic and later the Americas on the back of the sugar trade, it was also such a concernRead MoreColonization and the First Globalization2299 Words   |  10 PagesClayton Partridge World History to 1750 Professor Schultz Colonization and the First Globalization In order for one to gain a better knowledge of how terrestrial and ocean colonization unfolded in the Americas, Siberia, Africa, and China, a person must first understand the definition of colonization. Simply put, colonization is an ongoing process of control by which a central system of power dominates the surrounding land and its components. This means that a foreign government moves intoRead MoreNotes on Colonialism and Imperialism1489 Words   |  6 Pagesyears to weeks * Telegraph invented in 1830s, global reach by 1900 * European imperialism * The British empire in India * Company rule under the English East India Company * EIC took advantage of Mughal decline in India, began conquest of India in 1750s * Built trading cities and forts at Calcutta, Madras, Bombay * Ruled domains with small British force and Indian troops called sepoys * Sepoy mutiny, 1857: attacks on British civilians led to swift British reprisals Read MoreEffects Of The Columbian Exchange1121 Words   |  5 Pagesoften looked at and thought of for all of the good things it brought, like the exchange of animals, plants, and food between the Old World and the New World. But the Columbian Exchange also included the transfer of diseases between Europe and the Americas.   Ã‚  Ã‚   Old World diseases were transferred European sailors to Native Americans. The diseases played at least as big of role in defeating the Native Americans as advanced weaponry did (Craig). In the first 20 years after the first encounter, whereverRead MoreLegacy of Christopher Columbus2614 Words   |  11 PagesThe Legacy of Christopher Columbus Abstract After many centuries, a lot of controversy still surrounds Christopher Columbus. He remains to be a strange figure in history regarded as a famous explorer and a great mariner who made many discoveries in his days. Other people still regard him as a visionary and a national hero while others chose to remember him as a brutal and greedy person who used the rest of the humanity for his own selfish gains. Despite the fact that there have been protests inRead MoreResearch Paper - Is Christopher Columbus a Hero or Villain2022 Words   |  9 PagesChristopher Columbus found a new world and jumpstarted an age of exploration like no other. After he found the Americas there was massive colonization, giant trade increases and more resources such as gold and silver were being surfaced. Europeans learned new agricultural techniques from the indigenous people, the Europeans also acquired a large number of new crops to farm such as potatoes, tomatoes, corn and cocoa. With all of the pros that the age of exploration brought to Europeans it is hardRead MoreAp European History Outline Chapter 10 Essay example5639 Words   |  23 PagesMr. Dunbar AP European History Chapter 10 Outline: Renaissance and Discovery Section One: The Renaissance in Italy * Section Overview * Jacob Burckhardt, a Swiss historian, described the Renaissance as the â€Å"prototype of the modern world† in his book Civilization of the Renaissance in Italy (1860) * In Italy blossomed new secular and scientific views * People became to approach the world empirically and draw rational conclusions based on observation Read More British Empire Essay2886 Words   |  12 PagesTHE BRITISH EMPIRE The British Empire was the largest empire in history and for a time was the foremost global power. It was a product of the European age of discovery, which began with the maritime explorations of the 15th century, that sparked the era of the European colonial empires. By 1921, the British Empire held sway over a population of about 458 million people, approximately one-quarter of the worlds population. It covered about 36.6 million km ² (14.2 million square miles), about a quarterRead MoreRenaissance And Discovery Of The Renaissance4916 Words   |  20 PagesChapter 10 Outline: Renaissance and Discovery The Renaissance in Italy Jacob Burckhardt, a Swiss historian, described the Renaissance as the â€Å"prototype of the modern world† in his book Civilization of the Renaissance in Italy (1860). People became to approach the world empirically and draw rational conclusions based on observation. Burckhardt saw the emergence of the modern world emerge from that of the pre-modern, or medieval, period. Some criticize Burckhardt for overlooking the continuity between

Saturday, December 21, 2019

Civilization Paper - 718 Words

Civilization is a term used in many different ways. It can be defined as; people who eat the same kind of foods, People who live together, people who speak the same language, and so on. Yet each way that it is defined relates towards the same topic; Humans and their existence on the planet. Civilization is known greatly as a group of humans or animals that live generally together and practice the same habits. Civilization, according to some historians, first came into play in the year 3000 BCE. These historians look at civilization as people who have the same dietary needs and habits, who practice these habits regularly in order to survive. A couple of years before 3000 BCE, the world went through what historians call the Agricultural†¦show more content†¦These changes have led to more numbers of civilizations. With of all the new little civilizations popping up, and all the different conditions, and not everyone being able to grow what they need to survive. The people had to resort to trade. Trade helps civilizations grow to be more populated and stronger. Trade also encourages travel, which eventually leads to exploration. And by people exploring they find either more civilizations to trade with, or more land to expand onto. The Mesopotamians are one of the first major civilizations to come into existence. They were able to do this because of the agricultural revolution. The Mesopotamian region was like a quot;big dust bowlquot; and much of the time was very hot. Yet there was also times when there was too much water, and the rain flooded all of the peoples crops, and turned the water into swamp like conditions which were unsafe to drink. In order to fix this and make their civilization strive and survive, the people had to make canals, dams and irrigation systems. These things helped the crops grow greatly. Because of the great success of their produce, they were able to trade with other cultures for livestock, and other kinds of food and goods necessary to live and survive. Once in a while a culture will find something that they are really good at making, or something that they can make and others cannot because of their geography and environment. Some things that some cultures could make areShow MoreRelatedResearch Paper on Maya Civilization4670 Words   |  19 PagesResearch Paper on Mayan Civilization The Maya Introduction All remnants of the distant past are romantic, but ancient Maya civilization has a special fascination. It is a lost civilization, whose secrets lie deep in the mysterious tropical forest. The style of Maya architecture and sculpture seems alien and bizarre. The breathtaking splendor of ornate cites, the beautifully constructed grand temples, and the ingeniously developed and advanced caledretics, mathematics, and astronomy easily markRead MoreCommentary and Analysis of Samuel Huntington’s paper â€Å"The clash of civilizations1196 Words   |  5 Pagesdifference in Civilizations is another issue that may cause a conflict. Starting from World War I the arguments raised by nations were over an ideology: fascism vs. communism, communism vs. democracy. Some people believe that the next step would be a war based on a cultural sense and religion. Such war would unite people with similar beliefs, views on the world, language, tradition and history. They believe the conflict of the future will occur along the cultural fault lines separating civilizations [1].Read MoreAshford His 103 (World Civilizations I) Entire New Course Essay1446 Words   |  6 PagesAshford HIS 103 (World Civilizations I) Entire New Course IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/HIS-103-World-Civilizations-I-Entire-New-Course-ASHFORD-1161.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Hunter-Gatherers. Although most students begin by assuming settled farming life was better than that lived by hunter-gatherers, closer acquaintance with full Paleolithic Hunter-Gatherer life showsRead MoreThe Mesopotamia And The Nile River Valley1596 Words   |  7 PagesI chose the Mesopotamia and the Nile River Valley. These two civilizations are two of the most favorable ancient civilizations. Although these civilizations are similar in many ways, the small, but impacting differences it what makes these two civilizations stand out the most. The Nile River Valley was located in northern Africa in a country called Egypt. Mesopotamia was located in modern day Iraq, Iran, Syria, Kuwait, and parts of Turkey. The origin of Mesopotamia comes from the meaning â€Å"betweenRead MoreEvaluation Of Huntington s Thesis1047 Words   |  5 PagesSamuel Huntington had suggested his idea on the Clash of Civilizations (COC) which he later, in 1996, discussed in more detail in his book The Clash of Civilizations and the Remaking of World Order (Huntington 1996). The most popular inference made from his thesis is the idea that post-Cold War conflicts will be due to cultural difference and religion rather than cooperation. Huntington surrounds this idea around eight major civilizations which are: Western, Confucian, Japanese, Hindu, Latin AmericanRead MoreThe Differences Between Ancient And Ancient Civilizations1017 Words   |  5 PagesThe different civilizations around the world all have different religions and beliefs. Some may be derived from a past culture and some may be thought up on their own, but they all have a way of doing things regarding their religion. From sacrificing food for their gods, praying to their gods, and building temples in honor of the gods, a civilization can have many different ways to worship the gods and remain devoted to their religion. The three specific religions from the Sumerian, Egyptian, andRead MoreBig History : A New Form Of History119 0 Words   |  5 PagesHolley Trimble Paper 2-13 Dr. Stone November 12, 2014 Big History Big History, which was developed by David Christian and Bill Gates, is a new form of history that is continuously popping up in several high schools and colleges across the country. It has been quietly but rapidly growing throughout the course of the past three years due to its new concept of how history can be taught. Focusing on the universe and how everything is linked. Throughout my paper I will inform you of where Big HistoryRead MoreMesopotamia, Egypt, and Indus Valley Essay813 Words   |  4 Pagesdevelopments, the most prominent being the first civilizations, Mesopotamia and Ancient Egypt. They had many similarities, such as characteristics of early civilizations and social structures, but they also had their differences. The most embossed differences included the divergent geography, prior belief, trade, relations with other civilizations, and politics. The earliest societies, such as Mesopotamia and Ancient Egypt exhibiting indicator traits of civilization developed along the floodplains of greatRead MoreRole of Women in Ancient Mesopotamia Essays1194 Words   |  5 PagesFrom Suffering to Suffrage As Mary Wollstonecraft once said, â€Å"I do not wish them to have power over men, but over themselves.† In this quote, â€Å"themselves† is referred to as women of course. It is somewhat customary to pick up a paper in today’s light and perhaps see read about Secretary of State, Hillary Clinton, or First Lady, Michelle Obama, even media specialist, Oprah Winfrey. The list could go on and on, but the point remains the same. If King Hammurabi of Babylon were living in today’sRead MoreIs Human Intelligence Evolving?999 Words   |  4 Pagesbehaviors. Cumulatively, this data certainly begs the question: is human intelligence evolving? Are we really getting smarter or do we just think we are? Let us consider the data. Brief History of Intelligence: Traditionally, one might begin such a paper with a firm definition of â€Å"What is intelligence?† but given the cosmic grandeur of what intelligence means--this is proving rather difficult. Evolution and Intelligence span all disciplines (anthropology; biological; physiological, psychological; developmental

Thursday, December 12, 2019

Strategic Analysis of Emirates Airlines Company †MyAssignmenthelp.com

Question: Discuss about the Strategic Analysis of Emirates Airlines Company. Answer: Introduction Emirates Airlines is an airline company which has its headquarters in Dubai, in the United Arab Emirates. The Airlines came into existence in the year 1985 with just two aircraft comprising its fleet, an Airbus 300 B4 and a Boeing 737 (The Emirates Air Line, n.d.). The present operations of the company extend to more than 102 countries across the world and the fleet consists of more than 142 aircraft. It is considered to be the largest airlines in the Middle East and the fourth largest airlines in the world today and operates more than 3600 flights every week from its base in Dubai (The Emirates Air Line, n.d.). Airline Industry Profile The global airline industry has always been characterized by an intense level of competition among the key players along with an intense price pressure that necessitates the continuous need for the airline companies to improve efficiency (S, n.d.). This is an industry which has reflected a parallel growth with the increasing number of passengers using the air mode of travel. However, with the global economic recession, the business sustainability of the airline industry has been affected in key aspects like financial resources, changing consumer preferences, internal resources, market forces, and much more (S, n.d.). Another key element which affects the state of the airline industry is the rise in the prices of oil across the world which affects the cost of travel and the overall profitability of the industry (S, n.d.). Life cycle of the Airline industry The classic definition of product life-cycle attributes four life stages to every product; the introduction stage, the growth phase, the maturity stage, and the final phase is the decline stage. According to this definition of Product Life Cycle, the airline industry is in its maturity stage which can be attributed to the presence of perfect competition in the industry and the market (Hill, Jones, Schilling, 2014). The maturity stage in the product life cycle is characterised by an increasing level of hostile competition among the different players and a surge in the promotional and advertising activities to beat the competition (Hill, Jones, Schilling, 2014). The companies in a mature industry shift from using defensive strategies to using offensive strategies in their marketing mix, product development strategies, etc. to stay ahead of the competition in this aggressive life cycle stage (Lambert, Davidson, 2013). This stage also results in the exit of the less efficient companies from the industry as the companies employ strategies to reduce the overall operating costs which leads to the decline in the mean profit levels of the firms. Many companies in a mature life-cycle stage increase the budgets for RD to improve their efficiency (Lambert, Davidson, 2013). Emirates leadership style and team The Emirates airlines success is largely attributed to the management team of the company and some of its members who have been a part of the companys management since its inception in 1985. The leadership style that the top managers and leaders of the company practice is largely a democratic and an influential style of leadership (Zander, Butler, 2010). The top leaders of the company use the skills and aptitude to inspire confidence in their employees and influence the thinking process of the employees at all levels. The leadership uses the social influence parameters to provide assistance and support to the employees of the company to steer them towards the common goal of the organisation (Zander, Butler, 2010). Core competency analysis A concept developed by Gary Hamel and C.K. Prahalad, the core competency can be described as an ability of the company to differentiate its products from the competitors in such a way so as to get ahead of the competition. For example, Emirates continues to implement its differentiation strategy in various aspects of the business such as ticketing, technological features of the aircraft and the flying experience to stay ahead of the competition (Daft, Albers, 2013). External Environment Analysis of Emirates Competitive environment The competitive environment of a company refers to the dynamic external system where that specific business functions and competes. For example, in the international airline industry, Emirates competes with all other international airlines in the market. Happily, the company is considered as one of the premier organization in this area (Daft, Albers, 2013). PESTEL Analysis Political factors: Air travel across international borders is governed by political agreements between nations. The governments of many nations have strict rules and regulations that apply to foreign airline companies to protect the profits of their own domestic airlines. However, Dubai is an open unprotected market with an open skies policy which has helped Emirates in growing its capacity and developing capability through an open market competition to become one of the prominent airlines in the world (Daft, Albers, 2013). The deregulation of aviation in many countries has prompted many airlines to develop their capacity for open routes, increasingly competitive fares, exit of air carriers, service frequency, and much more. As liberalization in the aviation policies and the industry continues to grow, the competition among the key players is becoming equally fierce (Daft, Albers, 2013). Economic factors: Jet fuel in an airline company accounts for approximately 40 percent of the operational costs and therefore it is highly sensitive to any fluctuations in the oil and fuel prices in the international market (Babatunde, Adebisi, 2012). However, Dubai, the home country of Emirates is an oil-rich company, remains an important factor in the growth of the country. However, it is also prone to economic recession that continues to plague the country (Babatunde, Adebisi, 2012). Social and Cultural factors: There has been a massive increase in travel for recreational, educational and employment purposes and it has boosted the prospects of the airline industry and Emirates has been a natural beneficiary of this increase due to its well-connected and strategic network in all societies across the globe (Issa, Chang, Issa, 2010). Technological factors: With saturated competition in the market, it is necessary for a company to keep pace with technological changes in the market (Ho, 2014). As part of these changes, Emirates continues to invest in new and advanced technology and implements the differentiation strategy by purchasing latest models of aircrafts for its fleet. In addition, the company continues to update technology such as online ticket booking facility (Ho, 2014). Environmental factors: The services of Emirates continue to be environment-friendly as it incorporates various technologies designed to reduce carbon imprint (Shabanova, Ismagilova, Salimov, Akhmadeev, 2015). For example, the new Airbus 380 inducted by Emirates consumes less fuel and it emission levels are much lower. However, the airline business is susceptible to a natural disaster like hurricanes and other weather and climatic disturbances can have a major impact on the business of the company (Shabanova, Ismagilova, Salimov, Akhmadeev, 2015). Legal factors: The airline industry is susceptible to not just the rules and regulations of their home country but also have to abide by the laws of the countries they are operating in. Any change in the laws and policies of a nation can affect the business, profitability, and the revenues of the company (Gupta, 2013). Porters Five Forces Analysis of Emirates Threat of new entrants: The threat of new players entering the industry is relatively low in this industry as the entry barriers are very high. The high amount of capital requirements to purchase the aircraft and to enter this industry makes it relatively difficult for the new players from entering the market (Wensveen, 2016). Further, this is a service industry and the brand name and goodwill command a lot of customer loyalty which the new entrants will find difficult to compete with (Wensveen, 2016). Bargaining power of Suppliers: The main product for this industry is the aircraft, and there are two prominent aircraft suppliers that dominate the world market today, Airbus and Boeing (Baker, 2014). Therefore, the two major suppliers have a high bargaining power and any kind of hike in the price of the new aircraft or a delay in delivery of the aircraft can cause major loss of business and revenue for the company (Baker, 2014). Bargaining power of buyers: The consumers of today have a lot of airlines companies to choose from as many airlines are offering services on the national and international routes and the competition in the global airline industry is very high (E. Dobbs, 2014). Therefore, the buyers have a high bargaining power as they can easily switch over to the other service providers if the quality of service offered and the price standards do not meet their requirements (E. Dobbs, 2014). Threat of substitute products or services: The airline industry offers two kinds of services in the travel category; luxury travel and economy travel (Porter, Heppelmann, 2014). There is a very big price difference in the two categories which prompts many passengers to opt for economy flights while travelling over short distances. Many of the people also prefer other cheaper modes of travel like cars, railways for travelling over a short distance in many developing countries (Porter, Heppelmann, 2014). Rivalry among existing competitors: There is an intense competition among the airline companies at the global level with the presence of a number of flights from different airlines on the same routes at competitive prices, best of the services, and different kind of promotional offers to boost sales (Dlken, 2014). There are approximately thirty-seven airlines flying from Dubai on the same routes. Besides, there is an increasing competition among the airline companies through the continuous innovative offerings like reclining seats, on-board spas, and other such facilities (Dlken, 2014). Internal Environment Analysis: 7s Mckinsey Analysis Strategy of the company: Emirates Airlines has maintained its supremacy in the airline industry over the period of the years. Emirates have flights to most of the important destination cities in the world and the business strategy at Emirates gives prominence to the diversity of the companys stakeholders primarily the customers of the airlines (Ravanfar, 2015). The company has adopted a diversification approach to its management which ensures that the different communities and the customers of the company from varied socio-cultural backgrounds receive one of the best services in the industry provided by a team of dedicated and committed employees and staff members (Ravanfar, 2015). The generic strategy of the Emirates airlines which includes their strategy of focus-leadership is also one of the main contributors to their success (Ravanfar, 2015). Style: The leadership style of the top managers of the company is one of the very important factors that are responsible for the success of Emirates (Singh, 2013). The company has family-style leadership pattern and the leaders of the company are democratic and influential leaders. The top managers and the leaders of the company utilise their leadership skills to inspire confidence among the subordinates and influence their pattern of thinking (Singh, 2013). The leaders act with the consensus of the stakeholders but are able to coordinate the activities and the thought process of the employees towards the unified goal of the organisation (Singh, 2013). Structure: The Government of Dubais Investment Corporation of Dubai is the official owner of the Emirates Airlines. The Airlines has a hierarchical management structure to coordinate the smooth functioning of the vast size of the business of the airline (Mi Dahlgaard-Park, 2009). The Chairman and the CEO of Emirates Airlines is Sheikh Ahmed Bin Saeed Al Maktoum, who has led the company to success with the changes in the strategy and the new initiatives which have resulted in increasing the market share of the company (Mi Dahlgaard-Park, 2009). Shared value: The Emirates Airlines business ethics are very strong and are the basic foundations on which the success of the company has been built (Singh, 2013). The strategies of the company are aimed at seeking a sustainable development and growth for the company which includes caring for their staff, internal and external stakeholders, environment, and the communities they serve along with increase the revenues for the company (Singh, 2013). Staff: The remuneration offered by the Emirates Airlines to its staff members employed in different nations is always decided keeping in mind the labour laws of the concerned nation and are at competitive rates to the prevailing industry norms (Mi Dahlgaard-Park, 2009). The company also offers a profit share to all the eligible members of its staff based on the performance of the company. The profit share offered is between the two to fourteen weeks of the basic pay of the concerned employee. The airline also offers the air tickets at reduced rates for the staff and also the family members of the staff (Mi Dahlgaard-Park, 2009). System: The Companys strategy of development in the Information Technology to achieve a competitive edge in the fast-growing digital market is one of the very important strategies of the company. The company is making investments in the development of the self-check services and the e-business systems (Ravanfar, 2015). The development of the Information Technology systems is the key requirement of the airline to help in the smooth running and the coordination of the activities of the vast operations of the branches of the company which are spread across the different geographical locations around the world (Ravanfar, 2015). Skills: The Emirates Airlines follows a strategy of the extensive aviation training of all its employees. The Emirates has its own training centre which is known as the Emirates Aviation University, which trains the employees and the prospective candidates for the company and helps them acquire the knowledge and skills which are necessary for the strategic growth of the company (The Emirates Air Line., n.d.). The company also has in-house or internal training centre which offers more development and training programs for the employees to help them polish their skills for advancement in the company (Taran, Boer, Lindgren, 2015). The BCG Matrix of Emirates Airlines Cash Cow: The Economy flights can be considered the cash cow of the company which is also considered the foundation of Emirates Airlines. Prior to the Emirates introducing the economy flights in the company the economy class market was dominated by other players like the Qatar airlines. However, after the launch of economy class by Emirates, many people have switched their preference to Emirates economy flights (Jarzabkowski, Kaplan, 2015). The company has been performing steadily in the economy segment in the western countries and the Middle East, but the Asian market has not been fully tapped by the Emirates economy flights. The sales from the Asian region are not constant and have proved to be a setback in the revenues of the company (Jarzabkowski, Kaplan, 2015). The company has focused its strategy to improve the experience of the economy class customers and has refurbished the economy aircraft cabins. The experience of the economy class passengers in the Boeing 777 have been p ositive in the last few years proving that the strategy of the company is gaining success in the market (Jarzabkowski, Kaplan, 2015). Stars: The first-class and the business segments of the Emirates Airlines are the business leaders and the stars of Emirates operations. These two are counted among the flagship services offered by the company and enjoy a substantially high market share in the rapidly growing aviation industry (Jurevicius, 2013). Emirates has utilised the full potential of these two services and made good investments in them which has helped in growing their market share even more. With an upsurge in the economy and the income of the travellers the desire to enjoy the services of the first class and the business class will increase further providing further growth opportunities to the Emirates Airlines (Jurevicius, 2013). The airlines should concentrate on maintaining the star services on a global level and ensure that the quality of the services being offered remains uniform across the Middle Eastern markets and the South Asian economies (Jurevicius, 2013). Question Marks: The Emirates Airlines has recently launched its new service, the Emirates Holidays which although has a very high potential but has a very low market share presently. The investment in the venture is much higher as compared to the revenues generated from the same (Emirates Holidays. n.d.). The service could become a very high source of income and revenue for the airlines but is facing a tough competition from its main rival the US Aviation industry. But there are no monopolists in the growing tourism market although there is a lot of competition and Emirates Holidays has to undergo some challenges to be able to dominate the tourism market (Cadle, Paul, Turner, 2010). At present, the sales of the Emirates Holidays have been on the lower side and they have not been able to carve a niche for themselves in the tourism service provider market (Cadle, Paul, Turner, 2010). Conclusion Two important factors that distinguish Emirates from its competitors are the differentiation strategy of the company and the strong financial position of the company. Ever since the company came into existence it has built a strong customer base and built a good brand name and brand image for itself. This has helped the company to maintain its profitability even during the times of economic recession. The company has set the standards for the industry level competition in the quality of the services offered to the travellers. The airline was the pioneer in installing the video systems for all classes in the year 1992 introducing the in-flight personal entertainment systems. The airline also offers a large number of non-stop flights from its base in Dubai to important destination cities across the world. However, the company should concentrate on reducing its operational costs which remain very high due to the massive investments in purchase of aircraft, technological RD, and services offered by the company. References: Babatunde, B. O., Adebisi, A. O. (2012). Strategic Environmental Scanning and Organization Performance in a Competitive Business Environment.Economic Insights-Trends Challenges,vol. 64, issue 1. Retrieved from: https://upg-bulletin-se.ro/archive/2012-1/3.%20Babatunde_Adebisi.pdf Baker, M. J. (2014).Marketing strategy and management. Palgrave Macmillan. Retrieved from: https://books.google.co.in/books?hl=enlr=id=w69hBQAAQBAJoi=fndpg=PP1dq=Strategic+marketing+management+2014ots=dfJi_SJFhusig=rmSMJValuZLOFe89s8p7GWYPffo#v=onepageq=Strategic%20marketing%20management%202014f=false Cadle, J., Paul, D., Turner, P. (2010).Business analysis techniques: 72 essential tools for success. BCS, The Chartered Institute. Retrieved from: https://books.google.co.in/books?hl=enlr=id=VgWWp_rcF-ECoi=fndpg=PP1dq=bcg+matrix,+2010ots=P3qaedDtX8sig=CoIee2N03uWefK3i237pdCcvvL8#v=onepageq=bcg%20matrix%2C%202010f=false Daft, J., Albers, S. (2013). A conceptual framework for measuring airline business model convergence.Journal of Air Transport Management,Vol. 28, pp. 47-54. Retrieved from: https://www.sciencedirect.com/science/article/pii/S0969699712001639 Dlken, F. (2014).Are porters five competitive forces still applicable? a critical examination concerning the relevance for todays business(Bachelor's thesis, University of Twente). Retrieved from: https://essay.utwente.nl/65339/ Dobbs, M. (2014). Guidelines for applying Porter's five forces framework: a set of industry analysis templates.Competitiveness Review,vol. 24, Issue 1, pp. 32-45. Retrieved from: https://www.emeraldinsight.com/doi/abs/10.1108/CR-06-2013-0059 Emirates Holidays. (n.d.). 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Retrieved from: https://s3.amazonaws.com/academia.edu.documents/45856248/Week4_PEST_Analysis.pdf?AWSAccessKeyId=AKIAIWOWYYGZ2Y53UL3AExpires=1505851212Signature=GagqVz3ugA2v8FBhES96e8CRurU%3Dresponse-content-disposition=inline%3B%20filename%3DFormulation_of_a_Systemic_PEST_Analysis.pdf Issa, T., Chang, V., Issa, T. (2010). Sustainable business strategies and PESTEL framework.GSTF International Journal on Computing,Vol. 1, Issue 1, pp. 73-80. Retrieved from: https://espace.curtin.edu.au/handle/20.500.11937/45566 Jarzabkowski, P., Kaplan, S. (2015). Strategy tools?in?use: A framework for understanding technologies of rationality in practice.Strategic Management Journal,vol. 36, issue 4, pp. 537-558. Retrieved from: https://onlinelibrary.wiley.com/doi/10.1 Jurevicius, O. (2013, May 01). How to Focus on the Stars with a Clever BCG Matrix. Retrieved September 19, 2017, from https://www.strategicmanagementinsight.com/tools/bcg-matrix-growth-share.html Lambert, S. C., Davidson, R. A. (2013). 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