Strategic Management in the Aviation Industry Essay - 1

Strategic Management in the Aviation Industry - Essay Example It is evidently clear from the discussion that apart from the issues within the companies’ scope, some industries are faced with concerns that tend to be beyond their control. Such topics globally affect the performance of an industry and all the industry’s firms must act in unison to overcome such crises for the overall benefit of the entire industry. In the analysis of the world economy, all industry players have to be taken into account and their niche is critically scrutinized to ensure the best position is reached at, and for the analysis to give the best position of an industry. This is due to the disparities in the diverse industries composing the world economy. Considering this, such analyses unearth inside make-up of these industries that assist in their in-depth knowledge. Consequently, this exhaustive understanding of such industries results in better positions for tackling the contentious issues and trending topics that affect the specific industries and ext end to the world economy. In light of this, an industry for consideration would be the aviation business. The aviation industry is composed of all companies, private or otherwise, that partake in the air transport. This includes both passenger travel and cargo freight. It is a rapidly growing industry and being the fastest means of transport, it is the most preferred by many. The airline industry is demarcated into various sub-sections consisting of commercial passenger transport, private charter firms, cargo freight companies and, more recently the introduction of emergency flying doctor services. Due to this, the delineation of boundaries for this industry poses a number of challenges to the industry players. As such, rifts may occur among industry players with each firm only associating themselves with their niche and generally avoiding interaction with others outside their scope. Considering this, the negative impact comes evident when a firm supposedly offers services in a nich e not considered its specialization. The other companies in that specialty would view this as territorial infringe. This often puts different industry players at war against each other. Moreover, the establishment of national airspace also sets an avenue for differences among countries.