Marketing Principles and Practice Assignment - Ryanair
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MARKETING PRINCIPLES AND PRACTICE [PART 1 - REPORT]
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Introducing Ryanair and its services...........................................................................................3 Marketing concepts.....................................................................................................................3 CONCLUSION................................................................................................................................5 RECOMMENDATION..................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Marketing principles are based on marketing strategies which includes ideas, thoughts, belief and values to build strong promotional strategies to enter into global market. Thus, to achieve success in company, it includes the appropriate research which is conducted to determine the availability of the products in market. It also includes designing the products so that customer are attracted towards such designing if they find it unique and useful. Present report is based on Ryanair which is the Irish airline company founded on 28 Nov 1984.Ryanair carry the renowned brand image in market and also they promote the company through attractive slogan “Low fare prices made journey simple”. This report will includes the different elements of the marketingconceptsandalsosocietalmarketingorientationinrespectofimprovingits effectiveness to expand business globally. MAIN BODY Introducing Ryanair and its services Ryanair is commenced on 8thJuly 1985 and located on around 225 places. Its headquarter is on Dublin, Ireland and around 17,500 employees are engaged with this airline services. This airline is rapidly expanded as they charge lower prices on flight tickets. In respect of employees working in Ryanair aircraft, most of the employees working as post of promoting the business online and also engaged with different agencies. Thus, in such perspective the marketing concept is examined on the base of serving the customer with best services and also fulfilling their needs which they interpreted at the time of travelling. Marketing concepts This concept is mainly used by company in respect of examining the customer needs and demand at the time of availing their services. In present scenario, most of the companies prefer the different marketing techniques to promote the products in market. In respective of Ryanair airlines, the marketing concept is interpreted in respect of following areas such as: Production orientation: This is one of the important part of the marketing strategies, the study of the products is imposed on the procedure of production. The production can be done by using the effective raw materials and also updated technology, so that it results in increasing the lifeline of airlines. In case of Ryanair, the productions is linked up with implementing more capacity of fuel in aircraft
and also less noise substance are to be imposed so that it can save environment. Thus, this is the major criteria through which they can marketing their services by keeping the key factors as strength of Ryanair. Product orientation: In this concept, they mainly focus on bringing new products and services in market and thus. it can be undertaken by innovating the products in addition to the existing products. In respect of Ryanair, the innovation can be done on the bases of booking the tickets online. As customer can check in online and also get special discount if they book e-ticketing.The innovation can be done on the bases of promoting the online services to different person. Through such referral code they can get special discount on booking the tickets by Ryanair. Sales orientation: In respect of examining the sales concept, the comparison is undertaken in respect of other airlines as they are imposing various charges in respect of extra baggage, ordering food in flights or regarding time boundation. In case of Ryanair, they offer 70% lower fare for few selected seats and 30% for higher seats. By this fares charges, they are attracting large number of customer interest as customer prefer quality services with low pricing. For this aspects, Ryanair is carrying the attractive slogan which reflect that low fares made the journey simple. People are attracted towards such services and on this aspects Ryanair is considered to be one of the low budgets Irish airlines company. They not offer free food and drinks to the customer which are onboard. The also linked up various hotels and customer which they can use as their promotional techniques by motivating customer to avail such services which is offered by Ryanair. Societal marketing orientation: This marketing concept is mainly related to social media marketing in which they target the customer according to their needs and demands. In case of Ryanair, they appoint the authentic team to handle the digital media platform and reach to large customer base regarding the services which they are offering. As in respect of any occasion, airlines increases the prices but Ryanair bring such promotional techniques so that customers can easily afford the airlines during the festive season. Ryanair airlines can be promoted through online in respective of taking feedback reviews from the customer once they avail the services of the airlines. Through this perspective, they can build the strong relationship with the customer and also undertake their decision after viewing their needs and demand in the airlines.
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CONCLUSION From the above report, the aspects are concluded onthe bases of preferring the innovative marketing concept which helps in determining the overall strategy of the Ryanair airlines. Ryanair is considered to be one of the greenest and cleanest airlines services and also offer fair prices to their customer. The elements of marketing concepts which identifies various strength and weakness of the Ryanair airlines and the services which they are providing to their customer to enhance their interest at larger scale. In respect of societal concept, they uses the digital platform to reach the large customer base. As customer are using the online services to book the tickets online and for this perspective they are booking the online ticket to avail special discount and offer. RECOMMENDATION From the above report, the aspects which is concluded to Ryanair in respect of online booking is that they had to appoint the 24/7 team to handle the queries raised by customer. As various queries are raised in respect of not getting proper answer regarding their queries and which reflect their interest towards the services for longer time period. Thus, for this perspective they had to appoint the skilled team in marketing department to handle the queries in better way.
REFERENCES Books and Journals Armstrong, G. M. And et.al., 2018.Marketing: an introduction. Pearson UK. Baines, P and et.al., 2017.Fundamentals of marketing. Oxford University Press. Bowie, D. and et.al., 2016.Hospitality marketing. Routledge. Brown, S. and McGowan, P., 2018. Once upon a market dreary: the prescient marketing principles of Edgar Allan Poe.Journal of Marketing Management.34(15-16). pp.1379- 1396. Christoffer, S., 2019.How leadership affects organisational performance during times of businesstransformation:thecaseofRyanair’sCEOMichaelO’Leary(Doctoral dissertation). Mihalčová, B. and et.al., 2016. Marketing management in other context. Negru, M. C., 2018. The Role of Marketing Communication for Creating the Ryanair’s Image, from Consumers Perspectives.Bucharest 2018.p.79. Online MarketingStrategyofRyanair.2019.Online.AvailableThrough: <https://prezi.com/jhdcard1fgog/marketing-strategy-of-ryanair/>.