Golmuri » shareholders http://golmuri.com Knowledge Unlimited Wed, 02 Feb 2011 10:09:54 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 What is oneworld? http://golmuri.com/learning-center/web/what-is-oneworld http://golmuri.com/learning-center/web/what-is-oneworld#comments Thu, 25 Feb 2010 12:24:15 +0000 rohit http://golmuri.com/learning-center/web/what-is-oneworld Oneworld
OneWorld is one of the world’s three largest global alliances of airlines. It was formed in 1999 by American Airlines, British Airways, Canadian Airlines, Cathay Pacific and Qantas Airways. It was formed with a vision to generate more value to customers than any airline could do alone. Together they have more than 2200 aircraft and service more than 720 destinations in 142 countries.
How do they create value for the customers?
The group members have set operations and maintenance standards which help each member to provide the best services in its region. Oneworld was also the first alliance to introduce interline e-ticketing which gave travelers reach out the remotest of places without any hassle. Apart from this the every customer of this alliance have access to the airport lounges of any member airline. This optimizes the capacity utilization of private lounges and increase the ROI for airlines. This was one of the main reason for which the member airlines experienced minimum loss compared to others during the recent financial crisis.
Recently, Vijay Mallya lead Kingfisher Airlines has signed a memorandum to join this alliance. Post which it will become the first Indian company to join this alliance. Earlier Kingfisher bought Deccan Airlines to end the price war in India but still the airlines industry in India is facing substantial losses. However, this move of Kingfisher might help this airline create more value for its customers and the shareholders.

Rogues

]]> http://golmuri.com/learning-center/web/what-is-oneworld/feed 1 Rags to Riches: the land of Genghis Khan http://golmuri.com/learning-center/web/rags-to-riches-the-land-of-genghis-khan http://golmuri.com/learning-center/web/rags-to-riches-the-land-of-genghis-khan#comments Thu, 10 Sep 2009 20:33:49 +0000 rohit http://golmuri.com/?p=971 The worlds 19th largest country has one International Airport, 32% of the population below poverty line and a per capita GDP of $2100. Mongolia is a country bordering China in the south and Russia in the North. More than 30% of its 3 million population, is enganed in subsistence herding! Half of its population are among the world’s poorest. The country has scarcicty of arable land but has large deposits of minerals. However this country is on the verge of becoming second Dubai of prosperous Asia!

Recently Mongolia’s parliament passed a landmark package of laws to open its huge mining reserves to big foreign investment firms. Oyu Tolgoi in the Gobi Desert, near China’s border, will be the hub of Gold and Copper mining projects. Previously Canada’s Ivanhoe and Australia’s Rio Tinto faced governmental restrictions and delays since 2003 but now it can go ahead smoothly. This move could make this country one of the fastest growing in terms of GDP. The government has allowed responsible foreign firms to mine the reserves along with scrapping of the 68% windfall profits tax enforced in 2006. On top of these benefits, the firms can import 60% of the required construction manpower.

It is estimated that the life of these mines will be around 40 years with average production of 1 billion pounds of copper and 330000 ounces of gold per year! Mongolia will be in the fasttrack very soon.

At what cost?

Usually such huge and mega developments neglect the environmental hazards by focusing on the benefits for the shareholders rather than the stakeholders. Shell faced some of these problems in Nigeria in the 1990s. This was a major setback for what was known as the best company to work for. Shell was accused of unethical practices in dealing with the local environment and culture of Nigeria. Shell attracted worldwide attention for their involvement in the unfair trial and execution of the writer Ken Saro-Wiwa and 8 other Ogoni people of Nigeria.

What about Mongolia?

The new agreement will allow company only if they create and maintain a stable operational environment. Inspite of such agreements one should not forget that 30% of its population is engaged in herding and they have a unique culture.

Will this Rags to Riches story lead to another unethical case?

Rogues

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