Managing the Firm in the Non-Market Environment Case Study

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Managing the Firm in the Non-Market Environment

The Heathrow Airport in London is one of the busiest airports in the world, and there are even times when it is unable to fully satisfy the demand for flight services. With this limitation in mind, a project was onset in 2008 and it saw the construction of a third runway and a 6th terminal. Still, the decision was difficult to make since the project was faced with numerous issues. These would be approached through two distinctive angles -- the SWOT analysis and the Probability -- Impact matrix.

Internal strengths

The development project would respond to the increasing need of the London airport to offer better flight and adjacent services

London would as such become a more economically appealing region, attracting more investors through the improved infrastructure

The capacity of the airport -

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and as such the customers served and the adjacent revenues could double as a result of the expansion

External opportunities

The project would be funded from the state budget

Improved customer satisfaction and public support for the project as the construction of the runway and the terminal would reduce problems with flights cancelled and other such issues currently tormenting customers at the airport

Internal weaknesses

The development project would be likely to impact the current functionality of the airport, creating as such distress and dissatisfaction for the customers in the Heathrow Airport

Accusations of the damage created upon the environment and the population and the adjacent criticism from the population in London (especially West London)

High financial cost

External threats

The development project would create distress due to noise and other inconveniences for the population in the nearby….....

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https://www.aceyourpaper.com/essays/managing-firm-non-market-environment-42153
   

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