Mangement on Thomas cook Essay Example | Topics and Well Written Essays - 2500 words

Mangement on Thomas cook - Essay Example Under the leadership of Harriet Green, Thomas Cook achieved various transformations that made it match the current environment in the travel industry. She implemented a number of saving plans including the reduction of the number of employees and closure of some outperforming branches that built more confidence leading to a rise in the share prices of the company. However, Green failed to maintain the performance of the company as performance declined and shares dropped by around twenty percent in 2013. On her departure, four hundred million pounds discovered to be missing showing difficulty in business operations during her time (Goodley 2014). In addition, there had been views that Green lacked expertise in the operation of business in the travel industry. He rose to the post of CEO in the November 2014 after a working in the organization for around twelve years after joining in 2001. Earlier before joining the company, he had gained much experience in the travel industry after working for Kuoni Travel limited. In the tear 2003, he became the chief product officer and the CEO for the company division in Germany. From June 2007, he was managing the operations of the company in Continental Europe division. In the November 2012, he became the CEO for the United Kingdom and the Continental Europe Divisions (Thomas Cook Group 2014). He rose up to the post of the CEO of the company in November 2013 and began transforming the company to make it the people’s option of all the players in the travel industry. The travel industry is the biggest and fastest growing industry in the world. The industry is very dynamic faced by the need of responding quickly to factors out of its control. In the few years ago, the increased cases of terrorism in the world, the increased use of the internet for booking flights and the increased environmental awareness