Definitions
FBO, what does it stand for ?
Fixed Based Operator
Who conducted the first succesfull flight and in what year ?
1903 by the Wright Brothers
Effects of aviation on globalization
Aviation connects the world together in the quickest amount of time possible.
Management Functions ?
4 types, Planning, Organizing, Leading and Controlling.
They claim power and authority
Authoritarian leader
What is TSA ?
Transportation Security Board, They are in. Cahrge of airport security.
Who invented the first turbine engine ?
Frank Whittle
What is factional ownership in aviation?
Buying the usage of time in an aircaft.
What Rule is used to determine if someone is ready for a delegated task?
The 80:20 Rule, Delegating tasks to people that are 80% ready to handle them.
They want peace and focus on friendship in the team
Therapeutic leader
NTSB ?
National Transportation Safety Board, they investigate on transportation accidents and incidents.
What year was the airline delegation act signed ?
1978
Airport Closure ?
This may happen because of urban development encroachment, Severe noise complaints or an overall negative impact on the local community. Causes threat to local airport businesses
What is defined as keeping things going in the boss's absence?
Delegation
They lead by example, contain a certain follower-friendly quality
Charismatic Leader
What does ROI stand for ?
Return On Investment
What event in 2001 changed the world of aviation and which type of threat?
9/11 terrorist attacks and the Threat of Terrorism.
True or False: Changes in the aviation market have potentially drastic implications within the industry?
True
Getting things done through others where the primary responsibility is to get staff occupied, what is that?
Management
Types of leadership
AUTHORITARIAN, PARTICIPATIVE, DELEGATIVE
What are the 4 "P"s of Marketing?
Product, Price, Place, and Promotion
What period most impacted aviation ?
WW2 and post WW2
Business strategies ?
Anticipated sales provide gaining money, making improvements, and expanding the organization
Common types of errors
12 of them, Lack of Priorities, Poor Time Management, Poor Communication Skills, Lack of Personal Accountability and Ethics, Failure/Overly focused on Profit
What is Managerial Control ?
Essentially delegating the responsibility for the task yet NOT completely giving away control for the overall product result