NURS FPX 5006 Assessment 1 Strategic Process and Analysis

NURS FPX 5006 Assessment 1 Strategic Process and Analysis.

Executive Summary

Framework! There is no optimal reaction to define a strategy since everyone has their own opinion. (MindToolsVideos, 2014) Notwithstanding, an ideal response to this question is that “Framework” is a lot of intentional actions that an association takes to attain and draw out its typical. Execution is tantamount to its foes. (Rothaermel, 2021) When a connection and strategic plan are made, it does not stop there. An ongoing process helps guide the connection’s development by bringing its partners together to depict its vision for the future and investigate its ongoing genuine parts. It allows a relationship to be more proactive than open.

It sets up an internal compass, making a business more strong. Southwest Airlines, for instance, serves more than 11 million travellers consistently, offers support to 45 states, and has not seen a red financial record since the Nixon administration. (It is self-evident, 2022) Southwest Airlines started as Air Southwest Co. on March 15, 1967. It changed its name to Southwest Airlines on March 29, 1971. It’s capacities as one of the world’s, by and large, appreciated and profitable airlines today. Their business model brilliantly lights on a sustainable future with congruity between investors, delegates, clients, and other partners. Unlike competitors’ minimal cost, the low-region business model has attracted attention to continue through the overall pandemic (COVID-19). (Pereira, 2020).

AFI Framework

Investigation, plan, and execution are the three tasks that make up a thought insinuated as the AFI Framework (Jurevicius, 2013). This thought can assist businesses with conceiving and implementing a strategic technique. The AFI Framework thought changes the strategy process and the substance conveyed as a framework, as highlighted in the NURS FPX 5006 Assessment 1 Strategic Process and Analysis. (Rothaermel, 2021) The AFI Framework can work on a connection’s show on an incredibly fundamental level, giving the alliance a strategic position.

The association can appear in an extraordinary investigation using the VRIO, PESTLE, and Gatekeeper’s FIVE Powers models. These models will allow a relationship, for instance, Southwest Airlines, to gain a 360-degree point of view on the hardships and impacts it may be facing, allowing SWA to help a more sensible system move forward. SWA’s mission statement involves a guarantee to convey Client care that appears with genuine warmth, friendliness, individual pride, and company spirit.

Unequivocally, when the connection begins piecing the strategy together, it should audit its mission statement and inform the experts to overcome any decline in work proficiency (Rothaermel, 2017). Once the well-established plan is understood, the resulting stage will execute the action.”

Leadership in the Strategic Planning Process

Southwest Airlines originally truly put its AFI Framework into high gear in Dallas, Texas, on June 18, 1971, when it began service to San Antonio and Houston from Regard Field, and as the airline and its clients grew, so did its strategic course of action and process. From the start, Southwest Airlines Association has invested in quality client care ethics, which are joined by genuine warmth, friendliness, individual pride, and, most importantly, Connection Soul. Through a viable Examination, the company saw that its clients required cost leadership, which would make a strategic position considering low costs and proportionately low expenses.

Southwest Airlines Strategic Framework

Southwest Airlines’ FRAMEWORK allowed the relationship to kill the profound power of other airline affiliations like American and Delta, and they joined together to give several models. After IMPLEMENTING its methodology, it was found that different activities that chose to separate a relationship from its foes in a profound framework would convey an association set of values. (Guardian, 1996) Southwest Airlines has been helpful through various levelled-out innovations, including an especially coordinated and unsurprising process. (Raynor, 2011)

Internal Environment of Southwest Airlines

The VRIO model is fundamental for the Resource View, which examines the link between a firm’s internal qualities and its performance (Barney,1991). The VRIO model finished for SWA indicates that the connection’s financial dissemination and resources network gives a no-inquiry sustainable key position. Then, the connection’s licenses are a wellspring of new key positions. In like manner, there seems to exist a couple of brief key situations for delegates and a furious sensibility for neighbouring food things.

NURS FPX 5006 Assessment 1 Strategic Process and Analysis

Southwest Airlines’ cost improvement is a savage burden in light of the company’s troubles in attempting to maintain such a cost structure despite resistance. The Five Powers model shows that most minimal-cost carriers offer identical services and confined divisions. Since the COVID-19 pandemic, the relationship’s inability to remain cost-competitive due to competitors’ cost-cutting evaluations has been its most basic shortcoming. In light of everything other than the stores’ lack, innovative work is considered a serious obstacle for SWA, which revealed no significant innovative work costs during the past year ending December 31, 2021.

External Environment of Southwest Airlines

As of now, the airline industry in the US is experiencing an enormous degree of contention and has raised levels of impatience. In like manner, capital intensity and innovation progress have influenced the raised levels of market competition, contributing to rivalry among competing airline affiliations. The influx of new challengers has accomplished this obsession. The bet is minimal for any situation because utilitarian costs and intense tests provide better ways of supervising and managing the industry (Hawkins, Misra, and Tang, 2012).

Anyway, the airline industry in the US has been “freed” since 1978; it is still among the most controlled industries in the US. The public power guidelines change continuously as time progresses. Southwest Airlines does not have unfathomable oversight anyway; much more time rapidly planning for improvements by enhancing the alliance’s model predicting limits.

Recommended Course of Action

Standard cost leadership is Southwest Airlines’ framework to attain a critical position and intensify its ongoing improvement method to assist its cut of the pie and push toward its superfluously extended unbiased and strategic procedure of becoming a global industry leader. The market infiltration intensive framework maintains the airline’s cost leadership ordinary strategy and the other methodology for getting around.

Therefore, Southwest’s image and administration quality mirror these techniques and key positions. For instance, clients know the relationship between low airfares, which results from the nonexclusive cost leadership strategy, which leads to cost-based and cost-based advantages. In like manner, Southwest is known for its gigantic degree of work resulting from the market entrance-intensive progress system, as discussed in the NURS FPX 5006 Assessment 1 Strategic Process and Analysis. Nonetheless, the connection could be new frameworks that will assist with exploiting new entryways all around, rather than just locally, by expanding its model predicting credits.

For instance, the association must focus more on innovative work and overhaul plans in its ongoing fleet to remain mindful of the ongoing innovation (i.e., In-flight Accessibility or IFC affiliations). Besides, it should consider expanding and establishing new relationships to take advantage of other travel markets to broaden the association’s reach to the general market. Through an overall turn of events, the augmentation would, in like way, address SWA’s ordinary profit and income improvement.