Thomas Cook Essay Example | Topics and Well Written Essays - 4750 words

Thomas Cook - Essay Example Thomas Cook Some of the important models such as McKinsey model along with the Pest analysis, SWOT and other models have been used to analyse the organisation. The main aim was to analysis the external and internal environment affecting the organisation. The leadership style along with the leadership style has been talked about and it can been seen that Thomas Cook has one of the cost effective organisational structure and follows a flexible business model so that it can be altered as and when needed. Finally the paper ends with recommendation and conclusion which states that the company should work according to the demand of the customers in order to stay competitive and maintain its number one position. The main aim of the report is to conduct an effective internal and external environmental analysis of Thomas Cook based on separate models. The analysis would help one understand the key competencies of the firm and also the areas where development is needed. Recommendations are also to be provided in due course to enhance the position. Thomas Cook, one of the largest companies in the field of leisure and travel is observed to operate along a large geographical segment pertaining to 22 countries round the world. The company has emerged out to be a key market leader in the leisure and travel category. Thomas Cook, during the financial year of 2011-12 earned total sales revenue emanating to  £9.8 billion from a total customer base of 23.6 million people around the globe (Thomas Group Plc, 2012). Company Structure Thomas Cook operates based on a decentralised structure where the board of directors are responsible for delegation of tasks and duties to subsequent committees and other sub-boards. The structure operates along a top-down or vertical integration fashion in the company (Thomas Cook, 2010, p.53). Main Activities Thomas Cook Plc works along several segments to render value-added services to the customers. The first or the core product segment contains of packaged tourism services where both flights and hotel services are grouped under one bundle and rendered to the customer. The second segment consists of independent packages that help in rendering consumers a larger flexibility in choosing the travel destinations, duration of tour and other value additions. The third product segment focuses on rendering financial support to the travellers in terms of foreign exchange or money transfers and also in tour assurance services. Fourthly the group also operates via retail houses that help in distributing tour packages and offers to the consumers. Finally the group also

Wk3Stat Essay Example | Topics and Well Written Essays - 500 words

Wk3Stat - Essay Example Consider the case of the scores of the class under consideration. A sample of their plots would look as shown below: The above plot has a slight positive skew. A look at the figure will show that these measures do not differ significantly in this case although they may be typically up or above one another. However, there are several cases where these measures vary significantly. Consider the case of any organization, where the salary varies depending on the designation of the employee. Typically, as one goes up the hierarchy, the salaries increase and vary inversely to the number of employees at a particular level. In a regular case, the number of low level employees is the most while their salaries are the least in the firm. As one moves up the hierarchy, the salary increases and reaches a maximum with the top executive management, which is usually the least in population. When the salaries are plotted on the graph against the number of people receiving it, the resulting graph is said to be highly skewed as shown below: The relatively large skew in the above graph results in very different values for these measures. In this scenario, determining the mean will not present a true picture as only a fraction of the entire employees would be drawing such salaries while the maximum number of employees would be drawing much lesser salaries. However, the mode would clearly present a clear figure on the maximum number of people employed at a particular salary level. The mean would further not provide any clear picture of the highest amount being drawn by a minute section of the employees, namely the top management, leading to discrepancies in statistical estimates. In such scenarios, the mode is the preferred choice to estimate the maximum number of employees within the