Sample Aviation Paper on Lufthansa Aviation Industry

LUFTHANSA AVIATION INDUSTRY

As defined by the VRIN framework, companies that hold and leverage precious, uncommon, unique and skills and capacities will indeed successfully establish enduring solid positions in the market. Lufthansa’s capital ability is vital since they enable the airline to spend on outside benefits that accrue (Redpath et al., 2017). These both assist Lufthansa in defending against security risks.

Lufthansa’s findings show that its fresh produce goods are a precious asset due to their high differentiation. As a result, buyers put a more significant premium on such. Additionally, clients appreciate certain goods just as much as they gain a competitive edge to their distinctiveness(Schallmo et al.,2019). As per Lufthansa’s, its materials are considered scarce. Quite a few industries have robust monetary capacity.

According to Lufthansa, locally sourced ingredients items aren’t uncommon. All of those are affordable and reliable from rivals. It implies that commodities will be quickly provided in the market in a certain way that Lufthansa does, undermining the airline’s market edge. It means that domestic fresh produce goods provide Lufthansa with competitiveness. Lufthansa can continue to utilize this asset due to its value.

Lufthansa’s monetary support is prohibitively expensive to replicate. The group purchased these assets over the decades via sustained profitability. To accrue such economic means, new companies and opponents will receive appropriate revenues for a longer duration.

Lufthansa’s case study found that replicating locally sourced ingredients goods is not prohibitively expensive (Redpath et al., 2017). Rivals can also gain some if companies spend significantly on research & innovation. Additionally, it does not necessitate decades of work expertise. Thus, Lufthansa’s goods provide such a transient comparative benefit that opponents can leverage inside the long-term (Schallmo et al.,2019). Lufthansa’s current assets are organized to reap benefits as indicated. Funds are wisely allocated to spend in the appropriate locations, capitalizing on possibilities and defending against dangers. As a result, these facilities provide Lufthansa with a sustainable strategic advantage.

 

 

References

Redpath, N., O’Connell, J. F., & Warnock-Smith, D. (2017). The strategic impact of airline group diversification: The cases of Emirates and Lufthansa. Journal of Air Transport Management64, 121-138. https://www.sciencedirect.com/science/article/pii/S0969699716303350

 

Schallmo, D., Williams, C. A., & Lohse, J. (2019). Digital Strategy—Integrated Approach and Generic Options. International Journal of Innovation Management23(08), 1940005. https://www.worldscientific.com/doi/abs/10.1142/S136391961940005X