Professional Orientation and Practice Coursework

Professional Orientation and Practice - Coursework ExampleThe bid to privatise the arena was triggered by the 2003 Railway Act, allowing for private management of the gos (Cassady, Maillart, Bowden & Smith 1998). The UK railway tracks are public own and maintained by Network Rail however, privately owned rail tracks also exist in tourist areas. To help manage the train services, the goernment appoints train- in operation(p) companies (TOCs). TOCs are awarded franchise to offer train commuter train services depending on the validity of the license given. This means that a given TOC can only break within certain time limit as dictated by the licenses awarded. Now, TOC that provide that are licence to offer these services are many in number (Tobin 2012). Nevertheless, the increasing cost of trail fares has been a major concern within the sector, within many opting to use other alternatives (Britain Has Worlds Highest Rail Prices Survey 1997). controversy brought well-nigh by the m any TOCs has brought the need by individual businesses involved to put in plate measures to ensure stability and profitability. On this matter, many TOCs franchised to offer their services are seeking ways of diminution costs in order to appeal and attract more customers. In order to maintain sustainability, TOCs operate(a) within the United Kingdom believe that the best way is to maintain the existing fleet. Major dissever of the revenue is used in maintaining the fleets and carrying out inspection of floors like rail tracks. Therefore, much train operating companies hold on to the fact that maintain ace is a priority in the sector. Presently, rail infrastructure has greatly been improved as is evident by the increase in speed train (Tobin 2012). vertical as mentioned above, the major challenge lies with the need for each company to come up with measures to improve service delivery. For this reason, each of the companies is in a process of finding the best decisions that woul d offer competitive edge over the rest (Chaudhuri & Suresh 1995). TOC- London interior(a) Background London Midland is one of UKs train operating companies, having an 867.4 kilometers of rail to cover. The main train operations of the company are carried out within the West playground slide Mainline. It is also important to note that its franchise expires in June 2017 after it was extended from the initial date of family 2015. According to the information available in the companys website, London Midlands Express and London Midland City are the main brands that are used in operations. London Midland makes its money from the gross revenue of tickets to passengers. Now, customers are charged ?25 for every 100 miles of travel. According to the plans by the company, 60,000,000 passenger miles should be served per year, something that translates to 600,000 passengers per year. However, achieving this is guaranteed, as many potential customers prefer other means of transport because of uncertain economic times brought about by the recession. The company needs to make a decision whether to raise or lower the tickets by ?5. In order to bring the issue into perspective, it would important to note that London Midland company has numerous competitors like Cross Country, Euro star, East Coast, First Hull Trains, and Scot Rail, among others, and must thus make decisions that stand to rising slope its chances to survive in the market. Lowering the price by ?2