Aviation Profits
Variable expenses
goes up as the volume of sales goes up
The year of the first ever sustained powered flight
1903
The definition of management
getting things done through others
Definition of time management
To use one's time effectively or productively, especially at work
Fixed Pricing
a negotiated price point that is not subject to change under normal circumstances
Fixed Expenses
allows businesses to open
Year of the jet engine patent
1930
Four functions of management
Planning
Organizing
Directing/Coordinating
Controlling
Best time management strategy
Delegation
Flexible Pricing
a product’s final price is open for negotiation
Four profit forms
Reward for Effort
Reward for Risk
Return on Investment
Profit to Sales Ratio
The century people first tried to take to the sky
1700s
The definition of delegation
To give the responsibility of a task to others
Issues with time management
Lack of delegation
procrastination
lack of prioritization
Definition of marketing
use of strategic communications to promote a company with decision-makers
Profit objectives
Profit Maximization
Satisfactory Profit
Non-Momentary Profit
Hobby/Business
Social Responsibility
Year os the first manned untethered flight
1783
Three types of leadership
Authoritarian Leader
Participative Leader
Delegative Leader
Ways to fix time management issues
Plan and organize goals
make lists
delegate
Four P's of marketing
Product
Price
Place
Promotion
When fixed costs change
Change due to growth/inflation
Historical event that refined jet technology
World War II
Most important part of delegation
80:20 rule
What does delegation boost
pride, ownership, rewarding
Why Southwest ticketing failed
A lack of technological currency