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Essay heading: QANTAS, A case of restructuring
 
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Issue: Business
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Date added: December 30, 2001
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No of pages / words: 2 / 453
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It also operates subsidiary businesses including other airlines, and businesses in specialist markets such as Qantas Holidays and Qantas Flight Catering. In reaction to the world downturn in the profitability of the airline industry, Qantas restructured its operations into at least 8 stand-alone business segments...
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This new structure used a form of the responsibility accounting system. Each business line has budgets and profits targets, and is required to produce targeted return on assets while operating to maximize the company's performance as a whole. The new structure is supported by a corporate center that includes a shared service division to provide information technology, human resources, financial services and other support functions to each of the business segments...
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