Key Concepts and Strategies of British Airways Marketing
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This report explores the key concepts and strategies used by British Airways in their marketing efforts. It covers topics such as product strategy, market research, promotional strategies, branding, and more. Additionally, it discusses the marketing strategies and programs that helped British Airways achieve their objectives.
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MARKETING PRINCIPLES & PRACTICE
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Key concept and terminology of British Airway marketing.......................................................3 Identify the marketing strategies and programs that helped British Airways achieve their objectives.....................................................................................................................................5 Explain two marketing concepts and principles used in British Airways..................................6 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Marketing is the action or business of promoting and selling products or services, including market research and advertising. It is the business process of creating relationships with and satisfying customers. Airline industry is the industry which looks at providing the services of the transpiration with the along the air. British Airways is the flag carrier airline of the United Kingdom, headquartered at Waterside, Harmondsworth. British Airways was founded in the year 1974 by the government of the UK. It is now owned by a company called International Airlines Group. This report highlights the key concept and the terminology of the British Airway marketing.After that the report goes on to highlights the different marketing strategy and the activity which are performed in the organization with the sole motive of achieving the organization and also highlights is the activity which are performed are performed by looking at the ethical consideration. After that the report highlights the two marketing concept of the British Airlines with the help of the 7p's of marketing and Segmentation, target segment and positioning tool of selecting the customer pool for the organization. MAIN BODY Key concept and terminology of British Airway marketing Marketing is the action of the business in which the British Airway makes the different policy to sell and promote the product of the company in the market in such a way that the larger number of the consumer in the market is aware about the product of the company. There are many key concept and terminology of the marketing for British Airways. Some of them are as follows: Product Strategy: Product is the main and key concept for any company in the sector. Product is the offering of the company to the market. Place, Price and promotion are the three concept of marketing which are consider on the basis of the Product. Marketing team of British Airways has divided the product of the company in three different categories so that the company is able to satisfy the need of the customer in the market very efficiently(Kerin and Hartley, 2015).The first category of the product is the flight and the ticket which is offered to the customer so that they can travel from one destination from the another destination. This is the
primary product of the company. To be more efficient in the market company used to offer the expected product also, which are complementary meal, drinks and onboard entertainment as a marketing activity so that the customer feel satisfied in the Airlines. Also as all the customer used to have the different need British Airlines has offered variety of the different classes such as gold class, Silver class and blue class. The company used to decide the different offering in this classes with the help of the marketing research which is conducted by the marketing team of British Airways. Market Research:It is the another key concept of the marketing for the British Airways. As Organization used to dealt in the highly competitive market, marketing department of the organization continuously used toresearch the market of the operation and on the basis of the same different opportunity which are present in the market are ascertain by the marketing department of the company. On the basis of that different product and the services in the organization are shaped so that the need of the customer can be met efficiently in the market. This eventually also help the company in improving the product line of the organization(Baker and Saren, eds., 2016).This concept of the marketing also looks at identifying the category of the customer which need to be targeted by the organization for the purpose of selling the product of the company. As there are many different typology of customer used to travel in the flights of organization. Promotional Strategies: It is the another main concept of marketing policy of the organization. As explained in the above section also that British Airways used to operate in the highly competitive market the British airways uses the variety of the marketing strategies to promote the product of the company in the market. British Airways always used to offer the discount on the flight ticket in the festival season that is at the time of the Christmas. Also British Airways used the mixture of the promotional platform to promote the product of the company. British Airways promote the product of the company with the help of the social media marketing and also with the help of the newspaper advertisement. Branding:Branding is the another key concept ofmarketing for all the organization. British Airways uses the two type of the branding strategies in the organization namely Name Brand Recognition and Private labelling(Liu, Eng and Takeda, 2015). Organization also uses the other branding strategies also but this two strategies are most commonly used strategy. Name brand recognition strategy is the strategy in which the organization used to operate all the
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function in the name of the company name that is British Airways. Private label is the label of the company which used to be used at all the promotional tool of the organization. The reason behind the same is that all the customer in the market can recognized the same. Identify the marketing strategies and programs that helped British Airways achieve their objectives Advertisement: It is one of the important part of the marketing strategy of the British Airways. In this marketing strategy, company used to develop the different advertisement which used to define the different operation and the facilities which are offered by the organization for the customer. British Airways used to advertise the product and the offering of the organization at more than one platform that is social media, newspaper and television advertisement.This helps the organization in covering all the categories of the customer in the market. As with the help of the social media marketing organization is able to attract the eye of the teenager in the nation. At the same time with the help of the newspaper and television advertisement the organization is able to attract the other categories of customer from the market which help the company in achieving the organizational objective(Eid, Abdelmoety and Agag, 2019). At the same time the article of Molly Fleming, Highlights that the British Airways has to make sure that they used to match the reality in terms of providing the services to the customer as per the Advertisement published by them. As it is the ethical responsibility of all the organization that they do not make the false commitment to the customer. Social Responsibilities: It is the another step under the marketing activity of British Airways which has helped the company in achieving the objective of the business. As goodwill of the company use to play a very crucial role in the marketing of the organization. British Airways also used to initiate the variety of the Social activity in the organization, so that they can contribute to the social responsibility of the nation. This positively contribute to the goodwill of the organization.British Airways uses the social message in the promotion to attract the eye of the customer toward the company product. British Airways has teamed up with Comic Relief to create the global charity partnership which is named as Flying Start. In this operation total money which is raised with the help of the Flying start is given to the Comic relief who used to funds the many project around the world, including UK. British Airways used to promote the product by coatingthe line that, traveling in British Airway will help the consumer in
contributing toward social responsibility(Chaffey and Ellis-Chadwick, 2019). This short of the charity by the company has build the good goodwill of the company which helps the company in seeing the good amount of the customer in the organization which eventually help the company in achieving the organizational goal ethically. Relationship marketing:It is the another marketing strategies which are used by the British airways to build the good customer base in the organization. In this marketing strategy the company used to enhance the relationship with the existence customer and improving the customer loyalty, this help the organization in seeing the larger number of the customer in the organization and also pass on the message to the customer that the organization used to care about them. This help the business in achieving the organizational goal very efficiently in the organization(Mogaji and Yoon, 2019). To maintain the customer loyalty and relationship British airways used to provide the online support system to all the customer to clarify any sort of the issue which is there in the operation. As a result to improve the customer relationship in the organization, British Airways has parted away with the customer relationship director Troy Warfield and looking for other director to control the same. British Airways has commented that Troy was a successor for the organization. It was understood that no prior experience in Airline industry would have been big factor behind the removal of Troy. Explain two marketing concepts and principles used in British Airways 7 P's of Marketing Mix Marketing Mixrefers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 7Ps make up a typical marketing mix: Product, Price, Promotion, place, Process, People and Physical evidence. Product: Product is the offering of the company in the market in the form of tangible good or in the form of intangible services. British Airways used to offer the both the product and the services in the market. The product of the company is the meal, drinks during the traveling and services is to help the customer in there travel(Dean, Croft and Pich, 2015). British Airways used to have the Luxurious interior, offering new and colours which used to excite the customer and also organization used to check the quality of the product and services on regular basis to offer good quality of the product. Price: Price is the element at which the product of the company is offered to the customer. British Airways offers the different classes of the travels to the customer who is
looking to avail the different services of the organization. The classes areeconomy class, business class, first class. Prices of all the classes are very different, this allows a companyto attract the customer of all the financial group. Also British Airways always try to offer the travel at the lowest price possible. Promotion: It is the process in which the company look to make the people aware about the different offering which is offered by the company in the market. Generally British airways uses the Advertisement as the primary promotional tool in which they used to promote the product on social media and in the newspaper(Richardson, 2018). Place:It is the location or the market where the product of the company is offered to the consumer to consume. British Airways used to operate in the global market with the help of the direct distribution and indirect distribution both. British Airways used to sell the ticket of the flight with the help of the direct selling and also with the help of the different travel agent as well. Process: It istheelementwhichlooksatthe continuityof the operationin the organization. British Airways has installed the different technology and also taken the help of the cloud to attract to make sure that good quality of the services and product is offered by the organization on regular basis. Physical Evidence:British Airlines has there name and logo registered and trademarked so that the customer in the market find it easy to differentiate between the other company marketing. Also the organization used to develop and print the tickets of the organization. People: British Airlines used to hire 14000 employee in the organization and also provide them with the training on the regular basis to develop the different skill set in them. Also British Airways used to provide the good wages and incentive to retain the employee in the organization (Diamantopoulos and Siguaw, 2015). STP It is the framework which is used by the organization to find out the best categories of the customer which can be targeted by the company for selling the product and the services of the company in the market. ď‚·Segmentation: British Airways used to segment the categories of the people on the basis of many categories such as Geographic, Demographic, Psycho-graphic, behavioural and Travel & Tourism industry Base.
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ď‚·Target Segment: British Airways used to target the business class customer to sell the service of the airways in the market. The biggest reason behind the same is that this category of the customer who used to travel on more frequent basis as compare to the other categories of the customer in the market.Also they are the one who used to avail the expensive services of the airlines also(Rosson and Ford, 2016). ď‚·Positioning: British Airways used to position the product of the company in the market with the help of the advertisement on the different promotional platform such as social media and also in the newspaper and television. CONCLUSION After going through the above report it has been summarized that there are many key concept and terminology of British Airways such as product strategies which looks at developing the different type of product to attract the customer. Market research which looks at collecting or sourcing the different information from the market. Promotional strategies is the strategies which looks at promoting the awareness and branding. After that the report goes on to summarized the keystrategiesandtheactivitylikeadvertisement,socialresponsibilitiesandrelationship marketing which used to help the business in achieving the organizational goal very efficiently in the organization. Also the report summarized that there are some of the activity which are performed in the organization to achieve the organization are performed by not considering the ethical consideration of the organization. In the end the report goes on to summarized that British Airways also used to use the different principle and model in the organization to enhance the performance of the marketing activity in the organization. 7p's and STP are the two such type of the model. 7 P's explainthe differentconcept and aspect relatedto the product in the organization. At the same time the STP has summarized the different category of the people which are targeted by the organization to sell the product of the company in the market.
REFERENCES Books and Journal Kerin, R. and Hartley, S., 2015.Marketing: the core. McGraw-Hill. Baker, M.J. and Saren, M. eds., 2016.Marketing theory: a student text. Sage. Liu, G., Eng, T.Y. and Takeda, S., 2015. An investigation of marketing capabilities and social enterpriseperformanceintheUKandJapan.EntrepreneurshipTheoryand Practice.39(2). pp.267-298. Rosson, P.J. and Ford, I.D., 2016. Stake, conflict and performance in export marketing channels. InProceedingsofthe1979AcademyofMarketingScience(AMS)Annual Conference(pp. 66-69). Springer, Cham. Lilleker, D.G. and Pack, M. eds., 2016.Political marketing and the 2015 UK general election. Springer. Eid, R., Abdelmoety, Z. and Agag, G., 2019. Antecedents and consequences of social media marketing use: an empirical study of the UK exporting B2B SMEs.Journal of Business & Industrial Marketing. Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson UK. Mogaji, E. and Yoon, H., 2019. Thematic analysis of marketing messages in UK universities’ prospectuses.International Journal of Educational Management. Dean,D.,Croft,R.andPich,C.,2015.Towardaconceptualframeworkofemotional relationship marketing: an examination of two UK political parties.Journal of Political Marketing.14(1-2). pp.19-34. Richardson, N., 2018. Entrepreneurial insights into sustainable marketing: A case study of UK music festivals.Strategic Change.27(6). pp.559-570. Diamantopoulos, A. and Siguaw, J.A., 2015. Determinants of export marketing research evaluations: an exploratory study of firms in the UK. InProceedings of the 1996 Academy of Marketing Science (AMS) Annual Conference(pp. 155-159). Springer, Cham. Ensure its reality matches to its advertisement.2018. [ONLINE]. Available through <https://www.marketingweek.com/british-airways-customer-experience/>. Troy Warfield removal. 2018. [ONLINE]. Available through <https://www.marketingweek.com/british-airways-customer-experience-director/>.
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