PLEASE HEPLP ME WHITH THIS ACTIVITY
ACTIVITY: Prepare a report on “Reasons for Failure” of the following Business Enterprises:
1. SMAAASH
2. RAID & TAYLOR
3. HARLEY DAVIDSON
4. ATLAS CYCLES (HARYANA) LTD.
5. VIGO VIDEO
6. THOMAS COOK
7. NET4INDIA
8. JABONG.COM
9. BUSINESS TELEVISION INDIA
10. DOODHWALA.
Answers
Answer:
THOMAS COOK
It was that deal that fell apart at the weekend. It was not surprising that the axe fell in late September; like most tour operators, Thomas Cook enjoys revenue inflows in the first half of the year as holidaymakers book their summer breaks, but sizeable outflows in autumn and winter when flight and hotel arrangements must be paid for.
Some yearn for nationalisation. Critics say the cost of rescue flights and compensation may far outweigh the £200m that Thomas Cook needed to survive another day. But the government refused to step in, arguing that, like failed airline Monarch, it was purely a commercial matter at an individual business and that customers would be protected by the Atol protection scheme and insurance.
How different it was 70 years ago. Thomas Cook was considered such a part of the fabric of British life that it was nationalised in 1948, after facing bankruptcy during the second world war. It remained in public hands, as part of British Railways, until 1972. But now it has been destroyed largely by the internet and changing fashions, hastened along by trying to finance an impossible burden of debt.