• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Skypac business report

Extracts from this document...

Introduction

Business Report 1.1- Establishment SkyPac was established by its two partners, Nick Carpenter and Rick Pegus in January 2004. The profits of the business are equally split but there is a portion that goes towards Nick's salary because, unlike Rick, Nick works full time at the company. The business was established to try and fill a void in Australia's private aircraft industry. The business is not unlike several successful businesses in the USA. 1.2- Core Function The businesses core function is to provide aircraft charter and private jet membership services. The businesses target market is: business executives, VIPs and private travelers. The company provides small, medium and large jets and helicopters for its customers. The company provides its members with quick services ready on very short periods of time. The company has the largest range of luxury; private jets that any other jet brokerage in Australia. It aims to provide efficient and comprehensive services to its customers. 1.3- Position on the Business Lifecycle SkyPac has just left the establishment stage of the business lifecycle. The business is well known throughout its target market and its sales are currently increasing dramatically despite surging fuel prices. ...read more.

Middle

worldwide in the upcoming years. This fact is a strong indication of the growing need for flexible and time-efficient executive transportation. 2.1- The legal ownership of SkyPac is a Partnership. The partnership involves two owners, Nick Carpenter and Rick Pegus. The advantages of being in a partnership are that because there is more than one owner it may be easier to raise funds, the profits flow directly to the partners, the workload can be shared instead of one person having to do all the work and also each partner can become more efficient at the task in which they do best. The disadvantages of the partnership is that the owners are liable for any debts, because decisions have to be shared they can be disputes, the profits must be shared and also that if one partner wants to leave of dies then the other partner is responsible to all the debts. 2.2- Future expansion options for SkyPac are rather limited. The business has established the aim of flying corporate people or normal people without the hassles. There are some expansion options for the business and these include: * Widening their range to include luxury coaches and cars. ...read more.

Conclusion

I believe that SkyPac should look to consolidate their business in Sydney as well as the other major East-Coast cities including Melbourne and Brisbane. After the Australian market is shown how strong the business is the company should look to expand to business capitals of the world. Countries that have a large amount of high-profit companies may include the USA, the UK and Japan. If an office in each city could be opened the customer-base would increase significantly. If an office could be opened in New York, London and Tokyo it would be a large step for SkyPac. One advantage that the business has is that it can grow as much as it wants whilst being steady within Australia. The tourism industry is one that is always going to be unlikely to crash, as holidays are a part of everyday life for many people. This is great for the company as it means it is relatively safe. The fact that the majority of the companies clients are involved in business is another great advantage as there will always be international and interstate business dealings. This is why I believe expansion would be monumental in making the company larger and much more profitable. If the company broke into markets including the USA it would increase business and sales greatly. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. External and internal environment analysis of British Airways.

    BA also supplies a contact system to their customer. Contact BA enables customers to use their preferred method of communication to contact BA 24 hours a day. It is a strategy to establish the right blend of people and technology, champion the adoption of online means, reducing costs, in each of BA's customer's from trade to the executive club the general consumer.

  2. Report on ethical practices of TATA Group (India)

    Prior to the implementation of the HIV/AIDS program an informal policy had been implemented. Policy: The policy can be characterized by the following principles. * Non discrimination: Employees will not be discriminated on the grounds of HIV/AIDS neither will they be tested for HIV/AIDS at the time for recruitment.

  1. Business Aims and Objectives.

    However, if staff have to be dismissed, human resources must take certain that this is done legally as there are many laws which relate to employing and dismissing staff. A major task of the human resources department is to ensure that the business has the right employees for future success.

  2. In this assignment I am going to produce a detailed business report on a ...

    Meanwhile the management style that Tesco adopted helps the employees feel useful by contributing to Tesco, having a voice in Tesco will make the employees feel more motivated. As a whole the organisation structure and culture are likely to help in the completion of the objective that are set.

  1. Business report on Marks and Spencer.

    They have also advertised on national TV as well, I have noticed this in the start of November 2001.Marks and Spencer have also used public relation on their TV advertisement by using famous celebrities such as Zo� Ball the TV presenter and the famous footballer George Best.

  2. E-commerce in Business Companies of Bangladesh.

    RMG has the lion's share of the export earnings in Bangladesh, accounting for 75 percent of total exports. The current value of annual exports of the RMG sector is close to $4.35 billion. The RMG sector has begun to use the Internet, and its dependence on e-commerce is likely to grow significantly in the coming years.

  1. For my report I will be looking at two businesses, a small business and ...

    at the right price at the right time with the right quality. * Using resources efficiently Production will be responsible for providing sufficient goods to meet customer demand. Additionally, as the case study above demonstrates, other activities can include: * Maintaining and improving * Maintenance and control of machinery and

  2. In this coursework I need to produce a detailed business report on one medium-sized ...

    In line with its new image, Tesco finally stopped giving trading stamps in 1977, at the same time introducing a price cutting campaign under the banner "Checkout at Tesco" which proved to be a major success. In one year in the late 1970s, the Tesco market share increased from 7%

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work