Continental Airlines

Question #1 Describe the Dominant Economic Characteristics of industry. The Dominant Economic Characteristics of the industry are: - *<Tab/>Since air travel remains a large and growing industry, it helps in the progress of economic growth, world trade, international investment and tourism, and is therefore central to the globalization that is occurring in many other industries. Therefore, I would have to agree that the airline industry is easy to enter into. Furthermore, …

…adjustments to remedy whatever situation occurred. In a nutshell, Bethune turned the company into a decentralized entity having the decision making authority pushed down to the lowest organizational level (employees had a chance for their voice to be heard) capable of making timely, informed, competent decisions. Since he wanted to draw from its intellectual capital, managers were encouraged to involve employees in decision the making process to help outperform a command and control type firm.