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It is often similar to nurturing a baby for an investment banker to start a business. Any visionary must be prepared to face any challenge that might be raised during the presentation of his or her shareholder. If the investor does not receive an appropriate response to their inquiry, the likelihood of continuing to invest in that startup may be diminished.
Analogously, before making an investment any capital to build up, the entrepreneur must have a clear understanding of both the business and the individual connected with the business.
Hall's Zeppelin idea is, in my opinion, a great business idea to invest in. In the age of growing globalization, from an investor viewpoint, an innovative and unique concept is always welcomed. Investors can ask some questions in such a creative startup to gain an insight into the entrepreneur's commitment.
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It's going to be wise to ask about the product's profit.
By general, Zeppelin is a rigid airship. The concept behind zeppelin is that in a huge balloon it provides the passengers with a complete experience of floating in the sky. This huge structure is filled with helium gas that keeps it in the sky. Nonetheless, for passengers and crew members, it has a comparatively small cabin. Therefore, the whole structure can hold a very limited number of passengers.
For these airships, hydrogen was previously used and is now replaced by helium, which is a safer option. A number of passengers want a safe and sustainable way of travel (Goldsmith, 2017). It will also provide an innovative experience for travelers. Zeppelin may be an environmentally friendly way of flying. However, to increase the business, they might use a fixed route to travel across the globe. As it is evident, Hall's airship Eureka can accommodate about 12 passengers and provide the passengers a phenomenal view throughout their journey, with the oversized panoramic windows. It also has a frequency of 78 miles per hour. In fact, it is one of the world's three working zeppelins. This can, therefore, be said that this company has greater and wider prospects for the future.
Airships ' main disadvantages are that they are relatively slow. This is due to the aircraft's larger size. The airship's cabin is very small compared to the size. This has reduced these airships ' payload capacity. Moreover, the proper control and handling of these aircraft is lacking. Generally speaking, aircraft are much cheaper to build and run compared to other air transport types such as helicopters. Because of their larger size, the airships take up a large area to land. The larger size also affects these aircraft's performance efficiency (Hunt et al. 2019). Airships face many obstacles due to their larger size. However, in order to float in the sky, the size is needed to fill with helium gas. That's the airship's unique point. Therefore, it will be better to fault the advantages of the airship rather eliminating the drawbacks. Airships have a major advantage from the point of view of greenhouse gas emissions. Furthermore, these aircraft now use helium rather than hydrogen, which is a safer option for passengers. Such aircraft, nonetheless, can increase their loading capacity in order to maximize their business. As is evident from the case study, due to the bad weather, Hall's airship faced a massive problem. Before flying these aircraft, these organizations must have a clear idea of the weather and the environment.
Like any other business, the amusement industry's customers are also the lifeline. Meeting expectations and providing customers with satisfaction is very important. The three factors that can make this industry successful are innovation and a wide range of attractions, safety, and security, as well as capacity management and pricing.
Innovation and attraction: amusement parks ' success depends on the number of attractions they provide to customers. These amusements parks ' underlying principles are to provide customers with an experience to escape reality. Innovation and creativity bring value to these parks ' products and services (Jahan, 2018). It improves it industry's customer engagement and productivity.
Safety and safety: safety and security are the highest priorities in the life of each individual. Customers also wanted to feel safe and secure while having a comfortable and pleasant experience. Until authorizing the products to consumers, it is very important for the authority of these industries to assess the risk.
Appropriate pricing: people want the full value of what they pay to. Nonetheless, different budget choices should be available for a different spectrum of people.
The first rides provide rides of fun. The organization is committed to providing their customers with the best quality service. The company is recognized across several countries around the world for its efficient and smooth business operation. The companies have also won many honors for their customer-oriented, outstanding, and class-oriented programs. The organization Launched in 1995, the company has its headquarters in Maryland's Baltimore.
The organization has earned its reputation with great attention to detail from the design, manufacturing, installation, and delivery of excellent customer service ("Home Page-Premier Rides," 2019). This organization's strengths are its accurate operation, ride maintenance, and administration. Furthermore, the organization also has technical expertise. They have an excellent team, for example, to manage mechanical engineering, construction, service quality, and riders ' safety. The organization is well aware of its customers and expectations. To provide their clients with the highest quality treatment, they have a telephone system through which the consumer can access the organization's services. Nevertheless, many new amusement parks and theme parks provide more facilities than just roller coaster rides with increasing global business competition.
It is evident from this chapter that Premier rides are well aware of the expectations of their customers. To increase the organization's profitability, it ensures that their customers get the best and safest ride. The company also retains a relentless emphasis on the development of its products and provides its consumers with creative and exclusive products.
The company made sure that technological progress was taken full advantage of. The organization started to use linear induction motor (LIM) instead of traditional engines in the roller coaster. It uses a series of computer-controlled electromagnets that are used at any stage of the ride to drive the vehicles.
To avoid any over-budget situation, the organization keeps constant track of its expenditure. The organization's authority is cautious about the organization's cost estimate and financial plan. In order to conduct a successful business operation, keeping a financial plan is very important, according to Jim Seay, the owner, and the premier rides.
To strengthen the organization's business strategy, the authority should concentrate on including other opportunities for ride and fun in their company. In fact, to give the company extra legitimacy, they could create special rides for people with disabilities.
Successful Businesses Cases. (2019, Dec 09). Retrieved from https://studymoose.com/successful-businesses-cases-essay
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