Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Marketing concepts and their effectiveness on products and services sold by Ryanair..............3 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Marketing can be defined as promoting of the products in order to increase their sales. It is one of the most important function to increase profitability. Present report will lay emphasis on Ryanair. It is an Irish budget airline which was being founded in the year 1984. Company has been headquartered in Swords, Dublin, Ireland. They have various subsidiaries like Ryanair Atlantic, Ryanair DAC, Malta Air. Present report will examine the car rental services which is being provided by the airline company. It will also lay emphasis on the various concepts of marketing such as production concept, product concept and many more. MAIN BODY Marketing concepts and their effectiveness on products and services sold by Ryanair Marketing management orientation-It can be defined as that concept in which company analyses the needs and demands of target consumers and works on satisfying their wants. This can also provide Ryanair with more competitive advantage. The businesses design a product with the customer in mind rather than pushing the products they feel like making. There are various marketing management orientations, this includes the following: The marketing concept-This concept is based on making employees fully aware about the goals and objectives of company and making consumers satisfy more than their competitors. Ryanair is engage in providing car rental services to their customers, in this concept they just need to find the right passengers who can explore these services (Homburg, Jozić, and Kuehnl, 2017). For analysing the right consumer, company can involve in doing market research, so that they can also involve in following the latest market trends. Production orientation- This concept basically lays emphasis that the goods and services which are being sold are at affordable prices. Like for example the car rental service of Ryanair is available to consumers at affordable and cheap prices. This service is being available to passengers without even booking flight tickets (Deepak and Jeyakumar, 2019). It is also available at before, after and during taking flight services. Thus, this can support organization in making their services more liked by consumers. It will also help firm in increasing their goodwill in market and establishing their market in new areas. Product orientation-This concept is totally different from the production concept. In this concept consumers are engaged in demanding the quality of services. They do not want quality, they want quantity. So Ryanair must also be involved in giving passengers high quality rides.
The car rides given by airline company can be booked, cancelled and amend by consumers at any day or any time. The money on cancelling the ride is also refundable. So this product concept can support Ryanair airline company in reaching out the large number of customers and increasing their profit. Also the airline company is being engage in providing the customers support service and too 24/7 hours. So, this concept can be very beneficial for Ryanair in order grow. All the passengers have the access to multilingual support that has been given by organization. It can help firm in creating consumer loyalty. Sales orientation-This concept can be used by Ryanair company to increase the sales of services which they are providing. In this they can bring new and innovative changes in the existing car rental services which firm is providing (Alves, Fernandes and Raposo, 2016). The creative modifications will help company in increasing their sales and will also enhance the profitability aspects of firm. But in this firm also needs to make sure that customers are satisfied with the services they are providing. They must make sure that firm do not hamper the quality of services as they want to increase sales. If this happens then it can make image of company negative. Marketing orientation-This concept is basically linked with focusing on the marketing activities that needs to be undertaken by company in order to increase the liking of the services which firm is providing. In this Ryanair will involve in doing proper marketing of car rental services. Company can engage in promoting the services and products on their own websites. This will help them in reaching out the large number of consumers. Ryanair by this can increase the customer experience (Kehinde and et.al., 2016). They can also promote the car rental service by giving advertisement on social media website like Instagram, Facebook and many more. These websites can also help Ryanair in reducing their operational cost, company can save a lot more because of this. Marketing of services can also be done when firm is engaged in providing something Societal marketing orientation-In this concept, company neds to provide those products and services that can easily be accepted by the society and environment in which Ryanair is dealing in. They need to lay emphasis that the services given by them, do not hamper the thoughts, values and attitude process of individual or consumer. Ryanair must be engage in following ethical practices so that it can also lay positive impact on mind of consumers. This will also help firm in retaining the consumers. Also ethical practices must be followed while providing training to employees on new products and services
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CONCLUSION From the above study it has been summarised that company has been engaged in providing car rental services to all its premium consumers. They have been working on quality of services so that they can gain competitive advantage and also consumer experience has been enhanced. The car rental service can be accessed by them at any day and at any time. Also firm has been engage in providing the consumer support service to solve the queries of all passengers who are involved in taking the car rental services. This has helped firm in growing and reaching out the large range of customers. Company has also been engaged in providing quality of services to consumers, this has helped them in improving their goodwill.
REFERENCES Books and Journals Alves, H., Fernandes, C. and Raposo, M., 2016. Social media marketing: a literature review and implications.Psychology & Marketing.33(12).pp.1029-1038. Deepak, R.K.A. and Jeyakumar, S., 2019.Marketing management. Educreation Publishing. Homburg, C., Jozić, D. and Kuehnl, C., 2017. Customer experience management: toward implementing an evolving marketing concept.Journal of the Academy of Marketing Science.45(3). pp.377-401. Hult, G.T.M. and Ketchen, D.J., 2017. Disruptive marketing strategy.AMS Review.7(1-2). pp.20- 25. Kehinde, O.J. and et.al., 2016. Marketing Concept And The Satisfaction Of Consumer Needs: The Nigerian Consumers’ Experience.Researchjournali’s Journal of Marketing.4(1).