Introduction
Stringent competition in numerous industries forces most organizations to create new business plans in order to enhance their competitiveness. This helps them to stay afloat in the market while attaining considerable market presence. Evidently, this is an important phenomenon as shown by the Qatar Airways Ltd.’s intent to invest in Byogy Renewables Inc. The two companies are in the same industry but dealing in different products and services.
This conforms to the aspects of business variability and strategic planning meant to enhance business dealings and capture a reasonable market share. The intended plan has numerous challenges, opportunities, and constraints depending on the business plan installed and level of investment that the company is intending to initiate. Additionally, it is evident that most organization in the aviation industry has constructive business plans in the realms of their intentions to invest in other lucrative industries.
Byogy Renewables Inc. produces jet biofuels used by numerous airlines globally (Downing 1). Ethanol-based fuels are intended to reduce the environmental pollutions caused by numerous firms globally. This is intended to enhance the aspects of corporate social responsibility practiced by numerous firms (Mallin 1). Conversely, Qatar Airlines deals in ferrying passengers and cargoes to various destination globally.
Plan provisions
Their plan is comprehensive and intends to utilize investment opportunities to expand their market visibility and business operations. Nonetheless, plans to invest in the biofuel firm are apparent, lucrative, and considerable. As a simulation prospect, intending to enhance its might, the business plans to make considerable contribution to Byogy Renewables Inc. and help in expanding its global presence and production of safe biofuels (Newlands & Mark 16).
This move is lucrative in various contexts as indicated by the Qatar Airways’ management crew. The gains expected by Qatar Airways incorporate competitive tariffs and reliable fuel supply among others. It is essential to consider such provisions in diverse contexts before rendering the move, which the company intends to make, futile.
The business plan assumed is critical and beneficial to both companies. Additionally, both firms will enhance their operations with reliability and due promptness. Since Qatar Airways Ltd will be guaranteed the supply of cost effective biofuels, this will help in propelling its business to escalated levels in the realms of service provisions and customer focus (Downing 1).
In this context, the plan has involved critical decisions from the top management upon scrutiny of the intended unification. This is an important provision in the realms of its applicability and appropriateness. Additionally, attaining such provisions will help the company grow tremendously. It is from this context that the Qatar Airways has considered the move appropriate, considerable, and beneficial to the current business.
Ability to invest in the jet biofuel industry helps in staying focused with the business provisions and rendering the entire corporation beneficial and profitable to both firms (Kenney & Robert 69). Contextually, this is an evident phenomenon with diverse plans and benefits. The need to compete massively in the global marketplace is quite contributory in this context. Numerous organizations with global limelight have the opportunity to operate their businesses internationally with lucrative results.
In the simulation context, indulging in such industries have the disadvantage of fronting various challenging credentials to the entire business (Robinson 8). The plans by the Qatar Airlines are apparent and consumable in various contexts. This relates to the aspects of business strategies and critical decision-making provisions, which allow any business to prosper accordingly. From this context, it is possible to attain other business prospective with criticality.
Upon the ratification of this business plan, there are numerous opportunities that both Qatar Airways and Byogy Renewables Inc. will realize despite the challenges. These opportunities will allow both businesses to grow tremendously while grasping extensive market share in the global marketplace.
A given business provision in this context relates to other massive opportunities globally. Qatar will expand its operations as it continues to invest in the global market (Newlands & Mark 16). Additionally, the plan will allow the business to capture a reasonable market share in USA and beyond. It is important to consider such provisions following their ability to restructure the entire business mandates (Kenney & Robert 56).
Allowing the business to operate globally is an important phenomenon in this plan. It helps in allowing numerous firms to have remarkable contextual opportunities in various sectors. Storming the American market and beyond will obviously help Qatar Airways to grow tremendously. This will help the business realize a remarkable market share.
Conclusion
The intended plan contains the aspects of legal issues relating to how the investment will occur and the expectations of both parties. The aspects of shares and other considerable business provisions are critical in this context. As indicated in various sources, the plan involves economic, social, and environmental aspects.
As a result, the provisions of corporate social responsibility are evident in this context as both firms strive to operate safe businesses (Mallin 1). This is applicable both to the environment and business endeavors. Challenges might incorporate financial hitches, disagreements, competition, and other territorial regulations, which might hinder a smooth execution of the plan.
Works Cited
Downing, Louise. Qatar Air Targets Cleaner Fuel for Flights With Stake in Byogy. Bloomberg, 2012. Web.
Kenney, Douglas & Robert, Wilkinson. The Water-Energy Nexus in the American West. Cheltenham: Edward Elgar, 2011. Print.
Mallin, Chris. Corporate Social Responsibility. Cheltenham: Edward Elgar, 2009. Print.
Newlands, David & Mark, Hooper. The Global Business Handbook: The Eight Dimensions of International Management. Farnham, Surrey: Ashgate, 2009. Print.
Robinson, Stewart. Simulation: The Practice of Model Development and Use. Chichester: Wiley, 2004. Print.