SWOT Analysis and Marketing Challenges of British Airways
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This report discusses the SWOT analysis of British Airways and the key marketing challenges faced by the company. It also provides recommendations to overcome these challenges.
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................3 Discuss the SWOT analysis of company................................................................................3 Key services marketing challenges........................................................................................5 Recommendation:-.................................................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Marketing maybe refers to the search activities and actions that are considered by the commercial business in accordance to attain large number of the consumer ways or the audience in order to make them by the services and products of the company with the assistance of top quality content. The following report is based on the organization British Airways that is known to be the well recognised organization of airline industry of the United Kingdom. In addition to it the company was basically founded in the year 1990 as a aircraft shipping transportation and travel limited. The organization is having their headquarters in London United Kingdom. Moreover to this the following report will cover about the SWOT analysis of the respective organization as well as the vital marketing of service issues which are encountered by the company(Ayele, and Barabadi,2018). The report will also cover about the evaluation threat which are possessed by the respective organization in the service marketing as well as company is also offered suitable recommendation in order to overcome the encountered threads and issues. TASK Discuss the SWOT analysis of company. SWOT analysis:-In relation to the British Airways SWOT analysis has been discussed below: - Strength Sustainability:-Managementof British Airways always concentrated on improving its level of sustainability as they basically spend their investment in severalcrucialelementslike advancement of technology, expansion, enhancement of the experience of the consumeraswellassuitable environment for the workers because of this it is their major strength. Brand name: -Extremely optimistic brandrecognitionandgoodwillis Weaknesses Dependentonlocalmarket:-In accordancetogeneratemoresales revenuetherespectiveorganization majorlyfocusesand dependson the market area of the United Kingdom and currently because of Brexit policy. Rolls Royce Engine: -Several kind of the issues have been encountered by the respective organization related to their engine as the engine mainly minimises the punctuality and productivity of the company it also effects the availability
positionedbythemanagementof British Airways in the market area of United Kingdom as it will lead to the long term growth and success of the company(Chin, and Mansori, 2018). of the aircraft as well. Opportunity Expansions of services: -Management of the British Airways can expand their operations in different market area as well as in different types of services in accordance to enhance its revenue and income. Luxury and premium facilities canbealsolaunchedbythemin accordance to a accomplish more and more consumer base. TechnologicalAdvancements:- ManagementofBritishAirwayscan introduce several different technology advancementinitsoperationswhich willassisttheminprovidingthe consumers more suitable experience as well as convenience and because of this itcanassistthecompanyand increasing their goodwill in the market are. Threat COVID 19 pandemic: -After the rise ofthepandemicCOVID-19several mission has logged there international boundaries as well as government of UK also imposed the nationwide strict lockdown which leads to the decline of sales revenue of the company show it act as the major threat to the company. Competition in the market: -In the industry of aviation there are several major competitors that are taking by marketshareofthecompany (Pencarelli, and Forlani, 2018). Key services marketing challenges Marketing facilities is refers to the method of communicating, creating as well as supplying the value to the customers and also managing the suitable relation with the audience that will give
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the organization suitable advantage they desire(Deepak, and Jeyakumar, 2019). In addition to this several kinds of the vital issues in marketing which can be encountered by the respective organization British Airways in the upcoming few years so few of them are described below in brief.: - Managing the supply chain: -Sector around the world is encountering the major problem in maintaining the suitable supply chain which is known to be the one of the major threat for the respective organization in upcoming 3 years. In accordance to accomplish the demand the entire management of supply chain need to have large capital as well as more and more efforts through making sure the that the delivery is on time which providing them top quality services. Competition in domestic and international market: -It is known to be one of the biggest weakness for the respective organization British Airways for the future future years because Airbus as well as Boeing it’s basically leading the industry of aviation. As these major times are minimising the several opportunities for the company British Airways which can lead to there decline in success and growth in the market area. Managing and talent retaining in the industry: -As because of the dynamic nature of thetechnologyOntheconsistentmannerthecompanyBritishAirwaysrequires experienced as well as skilled employees in their management which can assist them in accomplishing their goals and objectives more effectively and efficiently that will lead to their future success and growth. The lack of the workforce which are talented and skillful in the industry of aviation can be very challenging for the company(Grewal, 2018). Product:-This factor is linked to every product or the facility that the organization is dealing in. In context to the British Airways top quality of services way has been provided by the management to their consumer base and audience. The respective organization is having several different aircraft in which Boeing is there main aircraft that offers several types of the facilities in flight to there consumers which are basically integrated with the latest technology as well. Price: -This factor of marketing mix is basically refers to the cost that are charged by the organization from their consumers in order to cherish the utilization of the products and services. In case of the respective company British Airways the me name of the
organization is to offer the tickets at the affordable price and because of it each and every individual can pie then as well. The prices and rates of the tickets of the company are basically fixed in accordance to the leisure and destination. Place:-The respective organization is offering their services around more than 400 destination with the assistance of 273 fleet aircraft. Several of the functions of the respective organization are basically from the Heathrow airport that assist them in having the edge over their competition in the market area of the United Kingdom for the long period of time(Hüttner, 2018). Promotion:-The industry of the aviation is known to be very competitive and this is also very essential for the organization in order to abide a suitable technique as well as strategy of marketing which will assist them in accomplishing their long term goals and objectives and also will increase the brand awareness among the consumer in the market area. Management of the British Airways are utilizing both traditional form of advertising as well as digital marketing which assist them in reaching their goals effectively and efficiently. Recommendation:- British Airways as a where recognise goodwill around the world and if the organization is more capable to provide top quality facilities to their consumer base by abiding the every imposed policy and rules as well as guidelines of the legal authorities which are linked to the pandemic COVID-19 on the consistent manner then the management will be more capable to encounter this type of condition in very efficient as well as effective way. The potential opportunity of the scaling of the market as the very crucial part for the company and if they are more capable to scale their operations in the effective way then they can have the edge over their competitors and also they can minimise and overcome the threat and weakness which is basically depending on the local market are(Parsons, and Lepkowska-White, 2018).
CONCLUSION From above report it has been concluded that marketing is known to be one of the most crucial element of the commercial business. This is very essential for the organization in order to conduct the best practices of the business more effectively and it will also assist in increasing the brand awareness among the consumer as well as sales revenue of the company. With the assistance of the SWOT analysis of the respective organization has been understood that there are several potential threat and weakness which the organization is encountering but they can overcome it with several recommendation and they can also enhance their effectiveness and efficiencywiththesuitableutilizationoftheirstrengthandgrabbingallthepotential opportunities which are there in the market area.
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REFERENCES Books and Journals Ayele, Y.Z. and Barabadi, A., 2018, December. Marketing Management Challenges–A Nordic Small and Medium Size Enterprises (SMEs) Perspective. In2018 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM)(pp. 550- 554). IEEE. Chin,J.H.andMansori,S.,2018.Socialmarketingandpublichealth:Aliterature review.Journal of Marketing Management and Consumer Behavior,2(2). Deepak, R.K.A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Grewal, D., 2018.Retail marketing management: The 5 Es of retailing. Sage. Hüttner, M., 2018.Marketing-Management: allgemein-sektoral-international. Walter de Gruyter GmbH & Co KG. Parsons,A.L.andLepkowska-White,E.,2018.Socialmediamarketingmanagement:A conceptual framework.Journal of Internet Commerce,17(2), pp.81-95. Pencarelli, T. and Forlani, F., 2018. The experience logic as a new perspective for marketing management.International Series in Advanced.