For this assessment, assume SOUTHWEST AIRLINES just made you president. As the n
ID: 2806555 • Letter: F
Question
For this assessment, assume SOUTHWEST AIRLINES just made you president. As the new president, create an organized and well-written report 4-6 paragraph for SOUTHWEST AIRLINES stakeholders that includes the following subheadings and content:
Identify at least four specific financial goals, all geared toward increasing profitability through bringing in revenue or reducing expenses. Describe the rationale behind your goals.
Create an action plan for achieving the four goals that you set.
Methods of Control and Feedback: Describe how you will assess meeting your goals and how you will go about making changes as necessary.
Consider how you will measure success of each goal. For example, if you choose to add food service, consider how you will know whether this has been successful. Financials will not answer this question, but what will? Customer surveys? Staff feedback? How many tickets would you sell after the announcement is made?
Explanation / Answer
There are four specific financial goals to be aimed for:
There are many ways to find out if these have been successful
We will sell many many more tickets after introducing these services. Its gonna be a whole lot more than we sold earlier. We will out-sell our competitors by huge margins. We will be the first choice of customers for their air travel. Our sales will sky-rocket and be the highest in the industry. .