7-2 Report_ Performance Improvement Strategies

docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

620

Subject

Business

Date

Feb 20, 2024

Type

docx

Pages

Uploaded by christinahope0312

7-2 Report: Performance Improvement Strategies Christina H. Mitchell MBA 620: Measuring Success in an Org Prof. Alin Tomoiaga

TransGlobal Airlines has set a comprehensive vision for 2030 focused on safety, excitement, and stewardship (SES). The SES vision emphasizes principles such as customer respect, employee and partner value, innovation, lifelong customer relationships, and environmental protection. The board has identified specific sustainability goals, including achieving a net-zero carbon footprint by 2075, accelerating the adoption of fuel-efficient aircraft and alternative fuels, expanding carbon offset measures, and enhancing safety ratings. 10-Year Sustainability Vision In the next decade, TransGlobal Airlines aims to be an industry leader in sustainability. With a heightened focus on SES principles, the company envisions achieving a net-zero carbon footprint by 2035, a decade earlier than initially planned. The fleet will predominantly consist of fuel-efficient and alternative fuel-powered aircraft, contributing to a significant reduction in environmental impact. Key Performance Indicator (KPI) and Target Measures TransGlobal Airlines recognizes the paramount importance of Key Performance Indicators (KPIs) in evaluating and achieving sustainability goals. Alongside the primary KPI of carbon footprint reduction, another critical metric is the Environmental, Social, and Governance (ESG) Rating, measuring the company's overall impact on environmental and social issues. Carbon Footprint Reduction The carbon footprint serves as a foundational KPI for environmental sustainability. The target is an ambitious 50% reduction in carbon emissions over the next five years, reflecting the company's commitment to immediate action. This reduction trajectory aligns with industry

benchmarks and positions TransGlobal Airlines as a leader in mitigating climate change. The company aims for net-zero carbon emissions by 2035, indicating a comprehensive strategy to balance any remaining emissions through offset programs and sustainable practices. Environmental, Social, and Governance (ESG) Rating The ESG rating provides a holistic view of TransGlobal Airlines' performance concerning environmental impact, social responsibility, and governance practices. The goal is to achieve a top-tier ESG rating within the next decade. This KPI encompasses diverse aspects, including waste reduction, community engagement, diversity and inclusion initiatives, and transparent governance practices. Improving this rating reflects the company's commitment to sustainability beyond environmental concerns, addressing broader societal and ethical dimensions. Strategic Rationale Reducing the carbon footprint aligns with the broader goal of becoming a more environmentally responsible airline, contributing to both regulatory compliance and meeting consumer expectations for eco-friendly operations. The dual focus on carbon reduction and ESG rating ensures a comprehensive approach to sustainability, reflecting a commitment not only to environmental stewardship but also to ethical and socially responsible business practices. Performance Improvement Strategies In line with TransGlobal Airlines' commitment to sustainability, the company is poised to implement strategic measures for performance improvement. These strategies encompass fleet modernization, involving the upgrade to newer, fuel-efficient aircraft, accelerated retirement of environmentally unfriendly planes, and investments in sustainable aviation technologies. The

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

company is set to expand carbon offset programs, extending efforts to both internal operations and customer flights, with collaborative initiatives alongside environmental organizations. These initiatives align with TransGlobal Airlines' Safety, Excitement, and Stewardship (SES) vision, contributing to environmental protection and operational efficiency. Fleet Modernization: ● Upgrade the current fleet with newer, fuel-efficient aircraft. ● Accelerate the retirement of older, less environmentally friendly planes. ● Invest in research and development for sustainable aviation technologies. ● A modernized fleet aligns with SES goals, reduces emissions, and enhances operations. Carbon Offset Programs: ● Expand existing carbon offset measures for company operations and customer flights. ● Collaborate with environmental organizations for large-scale offset initiatives. ● Carbon offset programs contribute to environmental protection and align with the SES principle of protecting the planet. Conclusion By incorporating sustainability practices into the enterprise applications of an organization, leaders can authenticate the existing state processes (Columbus, 2022). TransGlobal Airlines is committed to advancing sustainability with a clear roadmap outlined in the TransGlobal 2030 plan. The proposed strategies aim to align with SES principles, reduce carbon emissions, and position the company as a leader in sustainable aviation. These measures not only contribute to the company's long-term goals but also reflect its dedication to environmental stewardship.

References Columbus, L. (2022, October 12). 10 reasons sustainability needs to be part of your digital transformation strategy . Forbes. https://www.forbes.com/sites/louiscolumbus/2020/11/08/10- reasons-sustainability-needs-to-be-part-of-your-digital-transformation-strategy/

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Related Documents

MeganCookWeek 4 Final Project.docx

IFSM 304 Week 6 Discussion (1).docx

MeganCookWeek2ADRApplication.docx

MeganCookFinalStrategicPlan.docx

IFSM3046382PaperA.docx

6-1 Milestone Two_ Performance Analysis.pdf

8-2 Executive Summary_ Safety Issues in Company B.docx

Wilczynski Text Learning Assignment.docx

Exam3_StudyGuide.docx

Worksheet 4 (Avoiding Plagiarism).pdf

SWOT & Financial Ratio.docx

Breads of the World Case Study.docx

Recommended textbooks for you

Purchasing and Supply Chain Management

Operations Management

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Cengage Learning

Marketing

ISBN:9780357033791

Author:Pride, William M

Publisher:South Western Educational Publishing

MARKETING 2018

Marketing

ISBN:9780357033753

Author:Pride

Publisher:CENGAGE L

Principles of Management

Management

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax College

SEE MORE TEXTBOOKS

Recommended textbooks for you

Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College