Management
Define Management
Management is defined as getting things done through others.
What are some types of Lighter than air aircraft?
Hot Air Balloons, Dirigibles, and Airships.
Define Time Management
Time Management is using time effectively and productively.
What are common mistakes when it comes to Marketing in Aviation?
Unfriendly, Desired fuel is not available, Lack of personnel and services offered, and many more.
What are the four main forms of profit?
Reward for Effort, Reward for Risk, Return on Investment, and Profit to Sales Ratio.
How many traditional functions of management are there?
There are 4 traditional functions of management.
1903
What is the best strategy when it comes to Time Management?
Delegation
What does Marketing in Aviation cover?
Identifying customer's needs, purchasing or producing goods and services to meet those needs, prospecting, promotion, and many more.
Which of the four main forms of profit includes a reward for the risk of entrepreneurship and higher or lower risks made with one's money?
Reward for Risk
What are the four traditional functions of management?
The four traditional functions of management are Planning, Organization, Directing and Coordinating, and Controlling.
What are some forms of jet-powered aircraft?
Personal and private GA, Commercial Service, Fighters, and Bombers.
What are some common Time Management Strategies?
Plan your work and work your plan, organize papers relating to future dates and project, and many more.
What are the four Ps in Aviation Marketing?
Product, Price, Place, and Promotion.
What are some profit objectives?
Profit Maximization, Satisfactory Profit, Hobby/Business, and Social Responsibility.
What are the three Leadership Styles?
The three Leadership Styles are Authoritarian Leader, Participative Leader, and Delegative Leader.
What are some categories of changes in the Aviation Industry?
New wealth, fractional ownership, globalization, and threat of airport closures.
Eliminate avoidable distractions and using a task organizer refers to what?
Time Management
Who uses Fractional companies or ownerships?
Smaller corporations and frequent charter fliers altering their method of GA transportation.
What is Cash Flow?
Cash Flow is credit-based systems that generate percentages of charges on card usage.
Which of the three Leadership Styles is known for having clear expectations and the group has very little input on decisions?
Authoritarian Leader.
What is globalization?
Globalization is when businesses develop international influence.
True/False. Meetings are always a waste of time.
False
What are some national trends that may affect General Aviation?
Terrorism and its aftermath, fractional aircraft ownership, and many more.
What are the four parts of setting cash flow and profit goals?
Planning for positive cash flow, planning for profits, budgeting, and other considerations.