The low cost model has become so ubiquitous today that it’s quite easy to f0rget that, when Southwest airlines set up in 1971, its business model was quite revolutionary. This was just two years after Concorde had come into existence, and talk of the time was of quick flights for important business people prepared to pay a high price. The two oil shocks of the 1970s, and changes in consumer tastes had a huge impact on this and, no doubt had a great, positive impact on the business model set up by Southwest Airlines.
A guest blog by Patrick Mazzariol and Tricia Underwood.
The most important asset to an organization is the people making employee retention a critical element of the organization. An employee’s reason for leaving their company may not be what you suspect: more money, a better title or a new career opportunity. In fact, when one million people were polled by Gallop in 2008, 82 percent responded, stating that, “I left my manager not the company.” The same poll found that there is a high correlation between employee satisfaction and performance, and an even higher correlation between leadership practices and employee satisfaction. A manager’s leadership skills have greater influence on employee fulfillment at work that most companies are willing to recognize. Companies must take an active role to build key leadership qualities and environments, less face the revolving door of employee turnover and a weaker organization. Continue reading
Today we had the honour of going on a VIP tour to Boeing’s Everett facilities. You may not have realised it, but chances are that you’ve flown on a Boeing aircraft before. With revenue of over 86 Billion dollars in 2013 making Boeing is one of the most successful airplane manufacturers in the world. Our first stop was actually Boeing’s last stop in their value chain, Everret’s delivery centre. This is where Boeing’s transactions are completed and customers can pick up their much awaited airplanes. Continue reading
Redmond, February the 13th 2014: we arrived at the Microsoft Headquarters and are welcomed by Steve Seow – a Technical Evangelist at Microsoft. The visit starts with a little tour to get to Pike Place, where we are going to spend most of the day. Pike Place is a big cafeteria for Microsoft’s employees. We are all amazed by how beautiful, huge and modern the campus is and we can really feel the innovative vibe surrounding us. Continue reading
GEM @ Amazon.com: Students on Innovation Business Week in Seattle get to see the workings of the world’s largest retailer
Work hard, have fun and make history at Amazon
Amazon is the world biggest retailer with $61 billion of sales in 2012. On February 13th 2014, a group of 30 students from Grenoble EM and SFU had the opportunity to meet one of the management teams at their Head Quarters in Seattle. Sarah Borowski, founder of Amazon Art, and some of her other colleagues, gave a very interesting pitch on Amazon’s corporate culture and its business innovation processes.
Frank Chin, Elastic Path, Vancouver, talks to GEM & SFU students about the history of the company during Innovation Business Week
On February 12th, 30 students from Grenoble Ecole de Management in the Transcontinental Vancouver Program visited Elastic Path with their fellow SFU classmates. You might wonder what this company does, so here is a brief summary of their past.