This document discusses the principles and practices of marketing, focusing on British Airways. It covers important concepts and terminology of marketing, different marketing strategies and programs used by British Airways, and the 7 Ps and STP concept of marketing.
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Marketing principles and practice
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 1. Important concepts and terminology of marketing in the organisation...................................3 2. Different marketing strategies and programmes that will helps to gain the goals and aims of British Airways............................................................................................................................5 3. 7 Ps and STP concept of marketing in British Airways...........................................................6 RECOMMENDATION...................................................................................................................8 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Marketing principle and practices determine that the company product, price, place and promotion that will gain the advantages of sales and profits of the company. With the helps of marketing the business maintain the good relation with the people by fulfilling their taste and preferences. In this process it includes the design of the product, development, promotion and services of the product. In the competitive market it is very important aspects of the business for the successful growth. This file focuses on the marketing practices and principles of the British Airways which is the largest airline industry based on the size of fleet and passengers carried. The headquarter of the this company is at the Harmondsworth, UK. This file includes different strategies and terminology of market planning in the British Airways. For the accomplishment of business objectives and goals so different strategies and programmes of marketing are used in this file. There are themarketing mix and STP which helps to reach the organisational growth ion the competitive market. British Airways. To attract the large number of passengers British Airways organise different promotional activities in their business which helps to maintain the good reputation of the company in front of the people. MAIN BODY 1. Important concepts and terminology of marketing in the organisation. In the working environment of British Airways uses the different marketing strategy which satisfy the customer's wants and needs so this will provide benefits to the organisation and the consumer both. According to this concept of market planning the organisation will get the benefits from the competitors by producing the services and goods according to the demand and perception of the people. Few example of marketing terminology are explained below: Product strategy: The aim of this strategy is to provide the greater quality, price and availability of services and products to the people so that it does not affects their purchase decision. British Airways always improve and update the services and products according to the requirement of the passengers which makes them different from the competitors (Ventre and et.al., 2019). They give focus to improve the products and services on the regular basis and achieve the company's target and goals. To satisfy the demands of the people British Airways offers the high quality of services in their flights such effective security, service class, different destinations through out the world.
Branding: This concepts of marketing determine the identity of the brand that includes logo, particular name and good reputation of services and products of the organisation. British Airways maintains the good logo and identity of the business which helps to attract the large number of passengers (Rowley, 2017). This will gives support and help in their decision making of purchase to the customer and fulfils their expectations. Promotional strategies: This strategy marketing used to gain the attention of the people by giving different advertisement on social media, television and newspaper. For increasing the profits and sales of the company British Airways uses the different strategies for the promotion of the services and goods. By maintaining the good relation with the public and development of the organisation's good reputation across the world. Strategy of Societal marketing: The aim of this concept is to provide the better and effective value to the customer and maintainthewellbeingofthesociety.Thisconceptofmarketingworkstobuildthe considerations of the social and ethical in the different principle and practices of marketing. British Airways give importance to maintain well being of both the society and customer in their business operations (Andronie and et.al., 2019). In the different strategies of marketing British Airways uses the strategy of Societal marketing for the protection of the nature and society. Marketing concepts: The business objectives, goals and success is depend on the needs and wants of the customer so by using this concept of marketing British find out different customer taste and preference. As per marketing strategy British Airways gives focusses to the customer first to achieve the profits of the business and plan to produce the services and products. For the accomplishment of business growth and success there is need to identify the demand of the product which is given to the people (Massiera, Gilmore and Sellami, 2018). With the helps of market research company evaluate competitor's behaviour and policy in the market which helps them to organise the effective plan and strategy to get the benefits from the competitors.
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2. Different marketing strategies and programmes that will helps to gain the goals and aims of British Airways. TomeettheobjectivesofthebusinessBritishAirwaysusesvariousmarketing programmes and strategies in the company operations. These marketing programmes helps the business to maintain the brand image and reputation and leads to the future growth. Some of strategies which is used by British Airways are explained below: Providing the effective services:This marketing strategy of British Airways focuses to satisfy the expectations of their passengers by proving the affordable prices on the tickets. Low prices of the tickets will expand the base of customer in British Airways working environment. With the use of innovative techniques and new technology in the flights which will improve their services maintain the good image of the brand (Bowie and et.al., 2016). The manager of the British Airways aims to provide the best training to their employees so that they will offer the outstanding services to their passengers. Motivation is also given to the people working in the British Airways so that they deliver the services and the customer enjoy the premium experience in the flights and airport. Expansion in international markets:British Airways wants to gain the large share of market so that it will increases chances of their growth and success. They expand their travel to all over the world so that the all the people of the world world enjoy the services of the British Airways. The focus is to offer good and effective connectivity of the world to the people and transport them from one place to another. British Airways expand their networks in the airline industry of global market so that the target to achieve the greater market share will be achieved in the most ethical manner. Evaluation of customers:In the flights of the British Airways will offer various services according to the people demands, age and requirements. By using this programmes of marketing they will make good impression of the brand in front of the customer. They monitor the satisfaction of the passenger on the regular way so that it will minimise the problem to loses the loyal customer of the business (Hastingsand Domegan, 2017). Determining the wants and needs of the customer will helps to make the services which will increases the profits of the organisation in the airline industry. Promotional activities: For the achievement of the businessobjectives and goals British Airways will make the effective promotion of their products and services of business by giving
advertisement on the television, social media etc. The people of the world will attract by the activities of the promotion and invest in the flights of British Airways when they are travelling. These programmes andmarketing methods which the British airways uses are the most ethical manner and does not affects the well-being of the customer and society. By treating the employees equally with the proper respect and dignity will increases the morale of the employees and they operates the different strategies of marketing effectively in the most ethical way (von der Heidt, 2018). British Airways increase the share of the market by maintaining the effective and proper behaviour in the workplace. 3. 7 Ps and STP concept of marketing in British Airways. 7 Ps of marketing mix: Marketing mix of the British Airways determine and analysis the strategy of marketing with the helps physical evidence, promotion,place, price, process, product and people. This will helps to maintain the effective position of the business in the market. This strategy of marketing offer good and quality products to their customers so that the company world maintain the good company reputation and brand image in front of the other people. These 7 Ps are explained below: Product:In the product and services strategy of the British Airways they transport the people from one place to another with the help of flight. It includes Boeing 777s, 787s and 747s which provides the services of inflight. British Airways offers the services to the customer with the latest and advanced technology (Camilleri, 2018). Luxurious services is given to people in the flight of the British Airways are entertainment screens, cabins, beds, extra space and the main meal course which gives the best experience of travelling to the passengers. As per the various class the tickets are based on business, economy, premium economy and first class. Price:British Airwaysusesthe differentiatedpricing policyinthe activitiesand operation of the business which they make the affordable prices of the tickets provides the reasonable value to the passengers. Prices of the tickets is according to the destination and if the people booked the ticket in advanced then it is more reasonable to purchase. At the time of festivals British Airways also provide the discounts in the prices of their tickets. Place:In more than 400 cities British airway transport their passengers with the fleet of 273 aircraft. They sell their ticket with the help of the social media and it can be purchased offline also with the help of the sales agents and other intermediaries. To conduct the effective
operation of the business British Airways tied up with the authorities of the airport in whole world (Sun, Garrett and Kim, 2016). The distribution of the services is happen with the help of the different types of phone applications and websites of the company. Promotion:TopromotetheproductsandservicesBritishAirwaysgivesthe advertisements on the TV, newspaper, billboards and social media. By promoting the services it will attract the large number of customer through which the profits, sales and productivity increases of the business. British Airways uses the new and advanced technology for the promotion which brings innovation in the operations of the business. They offer the tickets in the affordable prices so this will also to promote the good name and reputation of the company in front of their passengers. Process:The company introduce the new policy and practices of booking the tickets which required less time in booking the tickets for the people. The new services are known the e- ticketing which makes the business activities of the British Airways easier(Resnick, and et.al., 2016). They also launches the packages of holiday in which there are nine type of holidays for the customers. The process starts from booking the tickets and goes with the different stages on the airport. People:In the business of the British Airways board of management includes various strategy, engineering, customer, marketing and units of finance (Appah and George, 2017). There are the various teams of the operations and customer which consists of customer management, operation teams, communications etc. in the workplace of the British Airways they have 40000 employees in which 15000 are cabin crew members, 5500 are engineers and 3600 are pilots. Physical evidence:It involves way from which the products are given to the people such as the behaviour of the attendants in the flights, flight interiors, effective design of the cabin, colours are used as the form of the physical evidence (Hong and Yang, 2019). The design and layout which the business uses in their organisation are the physical evidence. STP: Under this marketing strategy the focus is to identify and evaluate the effectiveness of the market which helps the organisation to determine the different segments of the customer. In the process of segmentation, targeting and positioning in British Airways finds the people to which they provide the different service packages.
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Segmentation:The process of segmentation includes as per the characteristics of the person the company divides the people into different groups. The British Airways uses the demographic and psycho graphic segmentation strategy of marketing which helps to evaluate the effectiveness of the market and nature of all the segments of customer. Targeting:The company uses the strategy of targeting to evaluate the effectiveness of all the segments of the customer. According to the different income groups the British Airways target the people which reach the growth and success by satisfying their requirement and demands. The consumer are targeted on the basis four types of services which is offered by the business. Positioning:To meet the goals and objectives of the business the British Airways positioned their services and products in the targeted marketed (White, 2018). This process is done when the targeting and segmentation is effectively done by the business. RECOMMENDATION It can be recommended that the British Airways have to improve the policy and planning of the promotion of the products and services because it will expand the company's profits and sales in the future and present condition of the market. The employees of the British Airways have to give the full attention to their passengers so that it will maintain good name of the company and increases the base of the customer. By creating the new programmes and activities in the business which increase the loyalty of the customer towards their services. British Airways should uses the new technology in their flights which improve their services and fulfils the satisfaction of the customer. In the policy of prices of the tickets British Airways should uses the affordable prices of the ticket so that the people of low income group also enjoy the services and products in the flights. CONCLUSION The facts presented in the above report of marketing is very essential for the business growth and success in the market. By using the principle and practices of marketing the company will maintain the good business reputation in front of the people. Different strategies of marketing is the best way to gain the greater profits of the organisation in the competitive markets. Organisation evaluates and determine the marketing mix which provides the clear picture of the business in the targeted market. Different concepts of marketing are used by the business to attract the large number of customer which leads to the success and growth.
REFERENCES Books and Journals: Andronie, M., and et.al., 2019. Integrating the Principles of Green Marketing by Using Big Data. Good Practices.Amfiteatru Economic Journal.21(50). pp.258-269. Appah, G.O. and George, B.P., 2017. Understanding Church Growth through Church Marketing: An Analysis on the Roman Catholic Church’s Marketing Efforts in Ghana.Journal of Economics & Business Research.23(1). Bowie, D., and et.al., 2016.Hospitality marketing. Routledge. Camilleri, M.A. ed., 2018.Tourism planning and destination marketing. Emerald Publishing Limited. Hastings, G. and Domegan, C., 2017. Social marketing principles. InSocial Marketing(pp. 26- 51). Routledge. Hong,Y.E.andYang,S.,2019.ENTREPRENEURIALANDSMEMARKETING. Contemporary Issues in Marketing: Principles and Practice, p.255. Massiera, P., Gilmore, A. and Sellami, M., 2018. Marketing illegitimacy within SMEs: learning triggers and influence on marketing communications.Journal of Strategic Marketing. 26(8). pp.688-701. Resnick, S.M., and et.al., 2016. Marketing in SMEs: a “4Ps” self-branding model.International Journal of Entrepreneurial Behavior & Research.22(1). pp.155-174. Rowley, J.E., 2017.Information marketing. Routledge. Sun, Y., Garrett, T.C. and Kim, K.H., 2016. Do Confucian principles enhance sustainable marketing and customer equity?.Journal of Business Research.69(9). pp.3772-3779. Ventre, J., and et.al., 2019. Marketing Medical Lab and Musical Theatre Programs: How Two Class Projects Put Principles Into Practice. von der Heidt, T., 2018. A scholarship approach to embedding creativity and sustainability in Marketing Principles curriculum.Australasian Marketing Journal (AMJ).26(2). pp.99- 115. White, L.A., 2018. Social marketing in the Caribbean: Philosophy, programs, projects, and pedagogy.Social Marketing Quarterly.24(1). pp.35-44.