Strategic Choice and Evaluation Paper Essay Example | Topics and Well Written Essays - 500 words

Strategic Choice and Evaluation Paper - Essay Example The most suitable grand strategy for Hawaiian Airlines in this case will be concentrated growth. (Galor, 2005). The grand strategy of Hawaiian Airlines involves the division of the main aim into a number of major objectives that will gel together to achieve the overall strategy. This will include a number of long term objectives through which the organization will be able to achieve their main objective which is the reduction of their debt and raising additional capital (Weil, 2008). The achievement of these two objectives will lead to the accomplishment of the main aim which is the expansion and growth of the airline (Debraj, 2008). The grand strategy thus will consist of methods in which these two can be obtained in the most effective way. Though these objectives may have a number of sub-aims within themselves, the grand strategy will focus on the main objective itself and how to ensure it is achieved (Weil, 2008). With this in mind, the grand strategy can be designed as such: This objective will require adept skills in accounting if the aim of 25% is to be achieved in the amount of time allocated (5 years). Reducing the company debt can be done through a number of ways that will involve the management of the organization’s funds and may require the company to tighten its belt in certain areas (Galor, 2005). These ways include, increasing the premium amount that is being paid during the agreed periods of time with their debtors. This increase can be within the realms of 5% and 10% which will make a big difference in the long run (Debraj, 2008). A second means is cutting on unnecessary costs and expenditure to ensure that the current debt does not grow any larger. This may involve the cutting of costs such as paid vacations for the period of time that the debt is being reduced (Weil, 2008). The cutting of costs and increase of debt amount paid will mean that the money accrued will be paid off faster than was previously possible