Public Corporations
It’s perceived as one of the most important inventions of the twentieth century, and many countries, through their governments, own public corporations. Their shares are publicly traded and are usually held by a large number of shareholders. They are known to exist under approval by an act of parliament. Additionally, they are always set up with the objective of carrying out a specific commercial activity that would benefit the nation.
Public corporations do share many common features:
- They are formed and operated basically with a beneficial service motive.
- They are under the state government and run by corporation management, but major policies are determined by the government; this is why they are referred to as PUBLIC corporations.
- They enjoy immunity from parliament; the corporate entity has the power to acquire, hold or dispose of property; employees are not civil servants unless stipulated by the government.
Sabre Corporation
Sabre Corporation is a travel technology company based in Southlake, Texas, United States. It’s known as the largest global distribution system provider for air bookings in North America. It was founded by American Airlines in 1960 to capitalize on synergies from combining AMR information technology businesses under common governance. It is a leading provider of information technology solutions for the travel industry. Thirty thousand travel agencies, three million registered individual customers, and numerous corporations access information on and book reservations with more than four hundred airlines.
Its products include Trip Case, Get There, airline solutions, travel network, and hospitality solutions. Nevertheless, Sabre employs more than nine thousand employees who are known to be committed and gifted in the field of technology, hence helping the company grow faster as well. By 2016, its revenue rose to $3.37 billion, operating income was $459.57 million, net income was $242.56 million, and total assets were $5.72 billion.
Sabre is well known to be a leader in various sectors as far as the transport industry is concerned.
- It is known for designing, developing, and implementing information technology solutions in the travel industry.
- It provides its customers with all the information necessary to buy and sell travel. As a result, it was voted the World’s Leading Global Distribution System. This occurred three times consecutively, evidence that it’s progressing so well.
- It is a leader in electronic travel distribution, a business bringing together travel suppliers, travel buyers, and value-added intermediaries in an electronic marketplace.
- It is known as a leading global travel marketplace because it is a leading technology provider to the global travel industry. Its software, data, and distribution solutions are used by hundreds of airlines, including Alaska Airlines Corporation. Moreover, they are used by more than 400 hotels to manage passengers and guest reservations, flight operations, etc.
Sabre Corporation is currently led by Kurt Ekert, its President and Chief Executive Officer. Sabre’s official website is www.sabre.com.
Sabre, just like any other company, has its mission, vision, and values guiding it in achieving its goals and planning for a better strategy. As a result, the company has its MISSIONS, VISIONS AND VALUES ALIGNED WITH ITS STRATEGY. To begin with, a mission is a set of tasks that fulfills a purpose or duty a company is trying to achieve.
Sabre Systems is a quality-driven company that has a responsibility for providing technical, scientific, and management solutions to government and international clients. It is this mission that forms the current state of affairs of Sabre. It helps employees and customers understand what it’s all about. Once employees and customers already know what the company is all about, its daily activities are maintained without any rule-breaking. Furthermore, the mission moves the organization toward achieving its goals or vision. Without a mission statement, Sabre couldn’t have had the most committed employees, nor could it have managed to win consecutively as the best travel technology company. A mission defines the business, products or services, and customers; it differentiates the company from its competitors by clarifying what it needs to do, for whom, and for what benefit. It’s an imprinted mantra (Sabre Corporation, 2021).
Secondly, a vision is the key goal a company wishes to achieve. At Sabre, its main vision is to provide outstanding technical support and services to all customers across the DoD, government agencies, and industry as a corporation. As a trusted and ethical corporation, it strives to be your company of choice. Vision is what motivates Sabre at large. For example, in 2012, Sabre managed to establish a “passport to freedom,” a program geared at empowering the travel and tourism industry to end human trafficking and exploitation. Customer interests come first; placing itself in the customer’s shoes drives these principles (Porter, 1985).
In addition, Sabre leadership and employees or staff, rather, are guided by key values that are strictly followed to ensure desired behaviors are maintained. They include ethical behavior, teamwork, integrity, can-do spirit, professionalism, respect, adaptability, innovation and life balance. Therefore, it is through understanding values, missions, and visions that the company can plan a well-designed strategic plan.
ETHICS AND STANDARDS OF CONDUCT also guide Sabre, which is dedicated to conducting business with a lot of integrity. Sabre’s employees have a duty to adhere to the ethical codes agreed upon so as to maintain better progress by maintaining good relations between customers, employees and the community.
- To customers: It provides better services to all its customers by meeting their required schedules and budgets. Importantly, it protects and handles information as stated by the rules and regulations.
- To suppliers: It emphasizes fair competition and relationships with other corporations and maintains its responsibilities so as to remain a good customer. Confidential information entrusted to it is kept safe.
- To the community: It treats each person fairly by providing a conducive environment for all workers, healthy working conditions, protecting each other, and ensuring each person’s privacy is safe.
Corporate Responsibility Mission
- Sabre has responsibilities that are important to it as a leading travel company. These include DRIVING POSITIVE SOCIAL CHANGE TOGETHER with employees and workers, which is its corporate responsibility mission.
- SERVE the community well, driven by an inner passion for creating a better world for all.
- Sustain and deliver responsible technology solutions to strengthen the travel industry.
- Passport to Freedom is an initiative used to end human trafficking.
FRAMEWORK AND MANAGEMENT. Determining the approach to security at a facility includes establishing the requirements, managing security risks, and planning implementation and design of a new security system. Sabre facilities are assessed by a Sabre-registered assessor to determine whether the building or infrastructure is acceptable.
GLOBALIZATION. Sabre is based in Southlake, Texas, and also has additional offices in London, Krakow, Bangalore, Montevideo and Buenos Aires. In 2013, it handled 85,000 data transactions per second, as revealed by the Fort Worth Star-Telegram. It operates through travel networks, airline solutions and hospitality solutions.
Currently, it has more than 40% of the North American market, is present in South America, and is a leader in European travel industries. Sabre has established strategic alliances with regional flag carriers, extending its reach to many continents. Today, it operates in 30,000 travel agencies and more than 70 countries across six continents. Regional management permits closer customer interaction and knowledge. Moreover, it has a strong international presence and is focused on expanding its global reach.
Use Of Sabre Software As A Service Advantage
It’s a leading travel technology company, able to serve its customers from wherever they are and manage information technology infrastructure. Using the software, customers are able to access their data through their airline and can enjoy 24/7 applications, tracking, and security access.
References
Sabre Corporation. (2021). Annual report for the year ended December 31, 2020. https://www.sec.gov/Archives/edgar/data/1597033/000159703321000022/sabr-20201231.htm
Porter, M. E. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press. https://www.hbs.edu/faculty/Pages/item.aspx?num=193
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