Adam Aircraft Essay Example | Topics and Well Written Essays - 2500 words

transport Aircraft - Essay ExampleThe strategies of the company were typically customer oriented that were endeavored towards producing light, comfortable, affordable and fast aircrafts. Findings The company face up many severe challenges. One of the prime challenges faced by the company was the availability of limited fund. The aspects of curt cartridge clip and lack of skilled workforce were the other vital challenges for the company. At the aforesaid(prenominal) time, the company established that in order to succeed in aircraft industry, it must develop new and innovative products. Recommendations Addressing the challenges faced by the company, certain recommendation have been given. In this regard, the company must cautiously utilize the available time and funds. Any kind of wastage within the company should be quickly curtailed. Further, it should seriously consider the rules and regulation positively charged by FAA in order to prevent any delays during the work process. Table of Contents Memo 2 Table of Contents 4 Introduction 5 Thesis Statement 5 Identification and paygrade of the Companys Existing Mission, Objectives and Strategies 5 Identification of the Key Strategic Issues (Problem Statement) 7 The Causes of the Problem 8 Identification of the Key Inferences and Assumptions 9 Alternative Solutions 10 Recommendations 12 Conclusion 15 Works Cited 16 Introduction Rick Adam, a successful entrepreneur who had a passion for flight of stairs, founded Adam Aircraft Company in the year 1998. Adam identify the market place needs and conducted an efficacious market research as advantageously as analysis as the result of his efforts, Adam Aircraft was founded. Rick Adams passion for flying has developed since his childhood - he got inspiration from his father, George Adam Sr who had served as an Air Force policeman during the World War II (Hedberg and Hamilton, Adam Aircraft). Thesis Statement This paper is all about devising a thorough analysis of the case study relating to Adam Aircraft Company by concerning certain earthshaking aspects. In this regard, the aspects include the identification as headspring as the evaluation of the companys exist mission, objectives and recognition of chief strategic issues along with the reasons for the problems. Various aspects such as the identification of the key facts and the assumptions skeletal from the aforementioned aspects, proposition of alternative solutions and specific recommendations for action will also be portrayed in the paper. Identification and Evaluation of the Companys Existing Mission, Objectives and Strategies During the period of the establishment of Adam Aircraft, it has been viewed that the airplane market possessed high entry barriers and required to invest huge capital in order to rise as well as to implement effective business strategies. In this similar context, Rick identified the pitfalls associated with aircraft manufacturers that included the problems rel ating to aircraft designing, building and certifying new aircraft. Furthermore, he also identified the prime reasons behind the success and the ill of those companies who had entered the aircraft manufacturing industry with high enthusiasm. The detailed analysis of these significant factors ultimately led him towards recognizing new as well as innovative ways for entering into the aircraft industry. Rick founded the company with the purposeful mission of delivering quality and efficient products or services to its potential customers and ensuring greater customer satisfaction by meting their respective expectations and needs. At the same time, the objectives of the company were to manufacture and deliver advanced aircraft support structure sin the finest way to its valuable