article thumbnail

Management Tools For Leaders: Red Ocean/Blue Ocean Strategy

Rich Gee Group

Tool #5 - Red Ocean/Blue Ocean Strategy This week, let’s understand how companies position themselves in the marketplace to succeed - The Red Ocean/Blue Ocean Strategy. They present analytical frameworks and tools to foster an organization's ability to systematically create and capture "blue oceans"—unexplored new market areas.

article thumbnail

Leadership Lessons in Southwest Airline’s Fall From Grace

Modern Servant Leader

There are leadership lessons in Southwest Airline’s fall from grace. Southwest Airlines Fall From Grace. Until the COVID pandemic, Southwest Airlines was the only major, global airline to post a profit every year. All airlines overbook their flights. Southwest’s Response to the COVID Pandemic.

Airlines 188
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk management vs crisis management – are you in the right mode?

Chartered Management Institute

Article: Risk management vs crisis management – are you in the right mode? Additional reporting by CMI Insights Monday 26 February 2024 Share Share to Twitter Share to Facebook Share to LinkedIn Share via email Managers have to manage risk and uncertainty every day. Do you have the tools and behaviours required?

article thumbnail

Leadership Lessons in Southwest Airline’s Fall From Grace

Modern Servant Leader

There are leadership lessons in Southwest Airline’s fall from grace. Southwest Airlines Fall From Grace The holiday winter weather of 2022 caused problems for every major US carrier. In their attempt to remain the most profitable airline, the company substantially reduced spending on major investments. Failing technology.

Airlines 130
article thumbnail

40 Timeless Lessons From Southwest Airlines

Eric Jacobson

A few years ago, Southwest Airlines celebrated its 40th year and was kind enough to share in its in-flight magazine 40 lessons it learned since 1971. airline to offer a profit-sharing plan, in 1974. Employees now own 13 percent of the airline. The web ain''t cool, it''s a tool. airline to establish a home page.

Airlines 102
article thumbnail

Southwest Airlines 2011 Results Reflect Benefits of Servant Leadership

Modern Servant Leader

Southwest Airlines ( LUV ) announced the 39th consecutive year of profitability yesterday. It was clear Southwest would not practice “soft management” – a common misconception of servant leadership. The company has been a role model of servant leadership since its founding by Herb Kelleher (and others).

Airlines 203
article thumbnail

Scenario Planning vs. Forecasting: 6 Questions to Ask to Prepare for a Post-Pandemic Future

Leading Blog

Forecasting is a shorter-term tool that provides certainty based on known variables in the system (e.g., passenger traffic for airlines). Neither tool is better than the other; they simply offer different approaches to solving problems and should be used in a complementary way.