Time Management
Time Management Strategies
Plan your work and work your plan
Definition of Management
a manager’s primary responsibility is to keep his or her staff effectively occupied with the priority activities of the department or company, reserving the manager to focus on tasks specific to management
What qualities does a leader need
Communication
Integrity
Confidence
Responsibility
Decision-making
Marketing Defined
Identifying Customer Needs
Purchasing or producing goods and services to meet those needs
Determining the price and place dispense items
Prospecting (Finding interested customers)
Promotion
Selling
Definitions of Profit
Reward for effort
Reward for Risk
Return on investment
Profit to sales ratio
What causes issues with time manament
Procrastination
Management Control is done by
Verbal reporting
written reporting
scheduled conferences
setting deadlines for results
checking results
What are the 3 Leadership styles
Authoritarian
Participative
Delegative
What is marketing in Aviation
Aviation and aerospace marketing uses strategic communication to promote companies, stand out from competitors, target key decision-makers, and build trusted brands.
Profit Objectives
Profit Maximization
Satisfactory profit
Non-Momentary Profit
Hobby/Business
Social Responsibility
Time Managements Best Strategy
Delegation
The Four Traditional functions of Management
Planning, Organizing, Directing/Coordinating, controlling
Authoritarian Leader
Provides clear expectations
How and by when work is to be preformed
Decisions are made by the leader with little input from others
Four P's of marketing
Produce
Price
Place
Promotion
Non monetary Profit defined as
Does not provide return on investment that could be achieved elsewhere. Lowering ones profit goal for enjoyment of business is a possible approach
Time Management Strategies
Sort tasks into priorities (urgent, important, or not)
What does a manager look like
Problem solver, Visionary leader, leads followers, caretaker, patient
Participative Leader
Function as members of the group and take in input from other group members
Less productive than authoritarian
National Trends that affect Aviation Marketing
Terrorism and its aftermath
Technology
Airport closures
Encouraging New Pilots
Realizing Profit
Profit orientation
cost control
planning
marketing orientation
information system design
records
Time Management Strategies
Stick to one task until it is completed
Common Managerial Errors
1. failure to anticipate industry trends
2. Lack of priorities
3. Indecisiveness and lack of systems
4. Poor Time Management
5. Poor Communication Skills
6. Lack of Personal Accountability Ethics
7.Failure to Develop, Train, and Acknowledge People
8. FAILURE TO FOCUS ON PROFIT
Delegative Leader
Provides little guidance to group members
leave final decisions up to those group members
May be appropriate for groups with highly qualified members
What is Fractional Ownership of Aircraft
multiple people or companies share ownership of one airplane and split the cost and usage time.
How to Improve Cash Flow
Obtain cash on the spot for more services
collect deposits and advance payments for a percentage of the cost
require larger deposits on aircraft sales
offer memberships paid in advance of service