This report analyzes the role of marketing in business organizations, using EasyJet as a case study. It includes a SWOT analysis, marketing mix strategy, and steps for successful implementation.
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THE ROLE OF MARKETING IN BUSINESS ORGANISATIONS 1
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INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 AnanalysisoftheorganizationanditsMarket(Marketingaudit)usingtheSWOT Framework-............................................................................................................................3 Statement objective for marketing the products and service..................................................5 Strategy to approach the market using the marketing mix.....................................................6 How the plan will be implemented.........................................................................................8 How the effectiveness of the plan will be measured..............................................................8 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................8 2
INTRODUCTION Marketing plays a pivotal role in an organisation that helps company to promote their products services and brand in order to accomplish business vision (Ali and Anwar, 2021). Marketing department serves as the face of company and demonstrate organisation in front of customers in an attractive manner. Present report has been conducted on EasyJet is a British multinational low-cost airline group. This company report includes the measures that has been undertaken by marketing director in order to overcome the issue of slow pace of sale in company services. For this SWOT analysis being conducted along with marketing mix and steps to implement plant successfully. MAIN BODY An analysis of the organization and its Market (Marketing audit) using the SWOT Framework- Easy Jet Plc, is commonly known as easyJet which is operating its business operation as a British multinational low-cost airline group. This organisation was founded in the year 1995 and headquartered in England, United Kingdom. Furthermore, it has been identified that company operates in international and domestic schedule services and is having more than 1,000 routes in 30 and more than countries (Hutt and Speh, 2021). With having more than 14000 employees this organisation offers low-cost air travel services to customers. With its budget-based services, this company named itself as a second largest budget airline in Europe by number of passengers carried. Furthermore, it has been identified that easyJet company operates is business with a mission statement that states to offer consumers the safe point to point, good worth service and provide reliable and consistent fairs and products that appeals to leisure and business markets on a range of European roots. In order to fulfil this mission objective company is continuously engages in the process of increasing the group of consumer base while establishing long-term relationship with them (AL-Mashhadi, 2021). However, it has been identified that by operating its business in hospitality and tourism industrial sector the CEO of this organisation is concern about the slow pace of sale of its services likely. In order to overcome this concern easyJet CEO requested the marketing director of organisation to effectively address this issue and make use of certainmarketingstrategiesinordertoenhanceorganisationalcompetitivenessandgain attractive market positioning in order to achieve sustainable competitive advantage within the 3
industry. For this mentioned below SWOT analysis of company is conducted along with the marketing audit: SWOT ANALYSIS STRENGTHWEAKNESSES ï‚·The major strength of easy that is that easyJet is a leading provider of low budget travelling services in number ofdestinationswithinUnited KingdomandacrossEuropethat includeBerlin,Barcelonaand Amsterdam. ï‚·Organisationofferhigh-quality services with number of features in a competitive price the include internet bookingticket,travelendassisted travel services. ï‚·In addition to this company is having distinctiveliveryontheirfleetof aircraftthatmakethisorganisation distinguished and easily recognisable from other rivals in industry (Bolton, 2021). ï‚·It has been identified that domestic air travelissignificantlyincreasing competitivenessin which easyJet is facingcompetitionfromRyanair, BMIbabyandothersmaller independentcompetitors.These organisationsarerestrictingand shapingpricingpolicythatmakes easyJetbithardertooperatetheir business services in minimum price and make less profit. ï‚·easyJet do not offer free food service on longer flights. Furthermore, easyJet comparatively to other rivals does not engageinonlinepromotionon different types of social media sites in order to provide hassle free services to passengers. THREATSOPPORTUNITIES ï‚·The major threat which is facing by easyJetisthathighlycompetitive marketandpricepressurefrom number of rials. ï‚·External market forces like rise in the ï‚·easyJet is having significant possible opportunities to open alternative route to major cities in Europe. This will significantlyenhanceorganisation competitiveness in industry. 4
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cost of oils is also having pressure upon easyJet. ï‚·Along with this economic downturn due to covid-19 is also creating threat upon company. ï‚·easyJetishavingpotentialtooffer extra perks and comfort to passengers in order to make the journey more enjoyable and comfortable. Company is also having opportunity to increase theirpublicitywiththehelpof differenttypeofonlinemedia marketingthroughwhichtheycan attract large number of customers that will enhance their coverage in market. Industry: EasyJet operates in relatively high dominance hospitality and tourism industry in which number of independent operators and leading rivals like Ryan Air are offering competitive pricing and attractive services. Target customers: Target consumers of EasyJet are government and private corporate business travellers those who mainly aim towards saving their time and need higher quality services. Along with this, in order to grab more market base after Covid-19 EasyJet is looking forwards to attract youngsters and middle-class travellers by offering them affordable services with high comfort. Competitors: Main competitors of EasyJet include Ryanair, JetStar, Flybe and more. These companies are offer affordable services with maximum number of features. Opportunity and areas of growth Statement objective for marketing the products and service In order to overcome the issue of slow pace of sales, marketing director of EasyJet formulated come marketing objectives that include: ï‚·Increase social media presence in order to advertise good deals. Main aim behind this is to widely participate on social media platforms for example Facebook, blogs, forum and more. 5
ï‚·Now a days, most of the customers engage in the searching review sites, social network for more reliable information before buying services and products. So in order to increase sales marketing director have framed objective to be active on Twitter, Facebook and Instagram and answer customers questions and advertise offers as comparatively to traditional channels. ï‚·Marketing director also formulated strategy in which they will undertake use of discount marketing through which they will focus on offering company core products in cheaper price range. Main aim behind this is to attack of competitors by embracing all types of consumers and treating them on equal basis. ï‚·EasyJet marketing director developed strategy to use newest technology. Strategy to approach the market using the marketing mix Price: There is excessive competition prevailing in market which is acting as a major factor in decreasing company sales (Shin and Shin, 2021). To overcome this EasyJet in the terms of price element of marketing mix will undertake use of differential pricing in which they will offer their core products at discounted pricing system. Along with is to grab attention of more number of consumers and increase sales company will offer more discount on tickets for those customers who booked through online booking. Place: According to this element of marketing mix EasyJet target consumers those who are willing to get their ticket from third parties or agencies. In this company will not provide facility and allow intermediaries to raise actual price to gain 30 or 20% as a commission. With the help of this consumers will get the actual price of the air ticket and can save their time and money. For this EasyJet offer services from its website in which consumers can have options of booking accommodation, flight, schedule cab booking and other transportation through Internet. Product: In order to enhance sales EasyJet, offer their products like hotel reservation services, car hire through its website. Marketing management has developed online strategy through which company of different type of products by taking use of attractive pricing system. Promotion: 6
In order to offer products and services that EasyJet conduct promotion in terms of digital marketing in which they attract customers on social media websites and promote organisation products and brand with the help of creative campaigns. Along with this EasyJet will also undertake use of effective communication program to provide required information and advice to customers and persuade their target customers in order to grow company sales by 10% comparatively to the previous year. People: In relation to this, this parameter demonstrates as employees whom customers interact for example consumer service. For this EasyJet assures that right people are working for them in ordertoenhanceoverallsalesbykeepingconsumershappyandmaintaininglongterm relationship with them. For this EasyJet ensures that their job design, description, training selection and appraisal is competitive in industry. Process: This element of marketing mix is defined as a process within which customers mainly go through when buying a service or product. Thus, in this EasyJet offer its services through Internet that will enhance effectiveness and speed of customers purchasing journey. This will help EasyJet to gain positive reviews of social media that will further aid company in gaining higher sales and profitability. Physical evidence: It is essential for an organisation operating in hospitality and travel industrial sectors to have attractive physical appearance of their products and services (Lim, 2021). In this to enhance overall sales EasyJet will demonstrate the cleanliness and general comfort that company is providing on their plane to customers via social media sites. Along with this, company will demonstrate their services and products quality that customers are purchasing on their website with the help of other attractive features such as refund policy, independent reviews and consumer endorsements. How the plan will be implemented In order to fulfil the above-mentioned objective by analysing market in this step EasyJet will emphasize upon some essential steps to serve successfully implement their plan. 7
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ï‚·In order to increase overall sales company will emphasize upon advertising and attracting consumers with the use of internet. For this company will undertake use of different type of social media site and internet. For this organisation marketing director build a team and secure resources and make sure that proper tools materials and skills are acquired in order to execute the plan properly. ï‚·After acquiring all the resources, the next step includes communication of the plan and strategy to the group in order to make them understand the goals. In this marketing director assures that leader of team communicates the plan objective to each and every team member in order to contribute their efforts in success of the plan. ï‚·Al this, project leader will made timeline and allocate task to every individual as per their expertise skills and knowledge. It is an important stage in which leader undertake use of project management software in order to easily assign task to team members. This step will help in in guiding every individual to accomplish their allotted task in time limit. ï‚·In this step setting up of dashboard to track success is being done with the help of proper tracking tools in order to measure efforts. This will help organisation to fulfil their objective to increase sales 10% comparatively to the last year. Thus, according to the above-mentioned analysis it has been identified that by focusing upon all those steps marketing director will implement plan successfully in order to accomplish organisation mission to enhance sales to gain more competitiveness in industry (Shah and Murthi, 2021). How the effectiveness of the plan will be measured Easy joint is looking to increase the volume of their sales ï‚·To fulfil the aim and enhance profitability by 5% company will engage in telling better experience to customer by building more value and offering affordable pricing products with high quality comparatively to other rival in order to achieve strong financial performance and sales objective. ï‚·To accomplish the aim EasyJet will engage in the process of operating stronger cash flow in order to keep their business running and allowing them to re-invest with the help of measuring cash flow company will make improvement in their financial position. 8
ï‚·To gain more competitiveness and acquire sales goals EasyJet will emphasize upon putting their customers at first and making them as their main focus. For this company increase alternatives for customers through which they can provide their feedback. This will help complete to continuously improve their services that will help in strengthening relationship with consumers with transparency, fairness and openness. CONCLUSION According to the above-mentioned report, it has been concluded that there are a number of internal and external factors that will lead organisation towards measuring decrease in their sales. In this organisation with the help of taking advantage of swot framework and analyse their strength weakness threat and opportunity and can utilise them to build strategic objectives. This will help company to plan their price product place and other essential aspect through which they can compete with other rivals in effective manner. For this organisation by taking advantage of proper implementation of plan and by measuring them on continuous basis can a source overall growth. 9
REFERENCES Books and Journals Ali, B.J. and Anwar, G., 2021. The Effect of Marketing Culture Aspects of Healthcare Care on Marketing Creativity.Ali, BJ, & Anwar, G.(2021). The Effect of Marketing Culture Aspects of Healthcare Care on Marketing Creativity. International Journal of English Literature and Social Sciences,6(2), pp.171-182. Ali, B.J. and Anwar, G., 2021. Measuring competitive intelligence Network and its role on BusinessPerformance.InternationalJournalofEnglishLiteratureandSocial Sciences,6(2). Hutt, M.D. and Speh, T.W., 2021.Business marketing management: B2B. South-Western, Cengage Learning. Bolton, R.N., 2021. The convergence of sustainability and marketing: Transforming marketing to respond to a new world.Australasian Marketing Journal, p.18393349211005200. Shin, S.H. and Shin, J.I., 2021. The Relationships among CEO's Role, Internal Marketing, Market Orientation, Patient Satisfaction, and Hospital Image.Journal of the Korea Society of Computer and Information,26(1), pp.189-199. Lim, W.M., 2021. A marketing mix typology for integrated care: the 10 Ps.Journal of Strategic Marketing,29(5), pp.453-469. Shah, D. and Murthi, B.P.S., 2021. Marketing in a data-driven digital world: Implications for the role and scope of marketing.Journal of Business Research,125, pp.772-779. AL-Mashhadi, A.S.J., 2021. Transformational Leadership Model & Marketing Supporting the Rall of Auditor According to Job Ethics and International Accounting Standard.Turkish Journal of Computer and Mathematics Education (TURCOMAT),12(5), pp.1497-1511. Roslina, H.J. and Jimad, H., 2021, April. The Customer Awareness and Intention of Syariah Bank: The Role of Marketing Communications. InICEBE 2020: Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020,1stOctober2020,Tangerang,Indonesia(p.251).EuropeanAlliancefor Innovation. 10