This article discusses the role and importance of marketing in business organisations, with a focus on the tourism sector and the marketing strategy of EasyJet. It covers topics such as marketing audit, SWOT analysis, implementation of a marketing plan, and key performance indicators (KPIs).
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The roll of marketing in business organisation
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 TASK..............................................................................................................................................3 Analysis of the organization........................................................................................................3 A statement objective for marketing of EasyJet.........................................................................5 A strategy to approach the market using the marketing mix......................................................5 Implementation of plan...............................................................................................................6 KPI..............................................................................................................................................7 CONCLUSION...............................................................................................................................7 REFERENCES................................................................................................................................8 Books and Journals:....................................................................................................................8
INTRODUCTION Marketing is a important part of organisation as it promotes goods and services of organisation in marketplace(Mansfield-Devine, 2017). Marketing play a significant role in organisation. With the help of marketing strategy organisation can grow their business at global level. Effective marketing strategy is very necessary as it increase sales revenue and profitability. For success and growth or organisation, marketing strategy play a vital role. It is the only activity that spread brand awareness of organisation in market place. In this context, EasyJet is undertaken for developing a market plan that help to analyse practice of marketing in tourism sector. EasyJet is a British multinational company that deals in tourism and hospitality services. This report covers role and importance of marketing in tourism sector. MAIN BODY TASK Marketing helps in promotion of goods and services as well as mission of organisation. It is very important for organisation that they should make their marketing strategy in such a way that organisation get maximum result(Sánchez and et. al., 2017). EasyJet is the company that sell domestic and international flight. It is very important for organisation that they should make a marketing plan in which it list all necessary steps that are important for success and growth of business. In a marketing plan, all important activities and functions that are necessary to include is mention. For EasyJet there is a marketing plan is stated below that help to identify taste and preference of customers so that they make strategies according to them. A marketing plan can be defined in a document and poster that gives all details of future activity take place. Marketing plan of EasyJet is mentioned below: Analysis of the organization EasyJet is a low cost airline group that deals in hospitality and tourism activity. Their main focus on affordability by person that each and every person is become able to afford services of flight. Their strategy is very effective to attract customers(O’Brien, Navarro and Hoffman, 2019). EasyJet has headquarter in London Luton airport. It is one of the companies that provides airline services at reasonable prices. It is very important for organisation that they firstly analyse all factors that can be affect their operations and functions. Marketing is important department that can be formerly understand but the question that arise is how organisation can
identify that their marketing strategy can be effective or not. The answer that found during this report is marketing audit. It is the step or activity in which organisation focus on analysis of marketing goals and objectives. Marketing audit is necessary to find faults and problems in organisation that perform by marketer(Fast-Berglund, Gong and Li, 2018). EasyJet is a organisation that should be focus on their marketing strategy so that they can develop best marketing plan. For a marketing plan, it is very necessary that organisation firstly need to do marketing audit so that they can evaluate things accordingly. Marketing audit is a useful technique which gives a mission that help to refocusing on their marketing agenda. There are someimportantcomponentsofmarketingauditsuchasitshouldbesystematically, comprehensive, periodic and independent. Marketing audit can be done with the help of SWOT analysis. It should include inspection of EasyJet's marketing strategy. SWOT Analysis: SWOT analysis is very important for organisation if they want to find strength and weakness of organisation. It is identified that organisation can perform marketing audit with the help of SWOT analysis. EasyJet use SWOT tool to identify threats and opportunities of their marketing strategy. So that they can be able to know marketing needs. In the below table, EasyJet's SWOT analysis is given that helpful in making of marketing strategy. STRENGTHSWEAKNESSES EasyJet has brand reputation as they provide services at a very low cost. It is helpful in making strategy accordingly. It is very reliable as it provide services on time(Cashman and et. al., 2017). Their website is very user friendly that anyonecanpurchaseticketsvery simply. No need to follow hard steps. It is analysed that because of their low prices, it is more competitive because there are many company available in market that provide cheap services. Duetolowercost,theyhaveless margin in profits. Theironeweaknessthattheynot providefreefoodservicesaftertwo hours. OPPORTUNITIESTHREATS Theirpackagesbecomeattractionof potential buyer. Most importantthreatis competition that continuously rise at a very high
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Onemoreopportunityistoexpand their business in all over the world. It is identified that they should consider strategic partnership. speed. Rising in airport fees is a threat that they may have to increase the price of tickets. Therearemanyexternalforcesthat affecttheirbusinessoperations.For example, COVID-19(Azoury and et. al., 2020). A statement objective for marketing of EasyJet It is identified that EasyJet has objective that mentioned below: To make sure that their customers are safe during services in flights. To make it simple through cut down all irrelevant things that doesn't matter. To make a strong team work that helps to find solution in any situation. To stay at their own words and never neglect them. To generate a passion in employees so that they provide best services to customers for their maximum satisfaction. To become innovative for finding new ways so that journey become affordable and easy. A strategy to approach the market using the marketing mix It is important for organisation that they should adopt a strategy for marketing. EasyJet should approach a important strategy that helps in finding a best solution for organisation. With using of marketing mix, it is identified that organisation need to understand all the factors that come under marketing mix(Chen and Huang, 2018). Marketing mix help in filling the gap between actual and expected sales. Marketing mix have some important components that are mentioned below: Product: EasyJet is a company that provide services of hospitality in tourism sector. Their headquartered is located in London. They has not provide any product because they provide services. There are some benefits of EasyJet such as they provide services digitally. Because of this reason it is analysed that they provide better margins as compared to other organisation
Place:Through digitalisation of services it become easy for company to spread their brand awareness in other countries. Majority of EasyJet's sales is online so it becomes easy for organisation that they focus on other things and on their target market. Because of upgraded technology, it allows more and more people to purchase their products or services. EasyJet can focus on their desired target market so that they can achieve their organisational goals and objectives. Price: EasyJet adopt cost leadership that means they are using low cost strategy to attract their customers. With low cost, every person is able to take services at reasonable prices(Hutson, 2017). Promotion: Their website become the most important platform that perform a function of promotion of their services. Their websites provide almost all information that help to customers inquiry. Physical evidence:Their is no physical evidence in practically but they have physical evidence on online platform on their websites. People: Their main focus is on satisfy the needs and wants of customers. They build customer loyalty with satisfying their desired needs at affordable prices. Process: they have a systematic process for booking tickets. The prices can be available in offline as well as online platform. Implementation of plan There are six steps in which organisation can implement their plan so well that they can eligible to acquire all desired result that they want. All important steps are mentioned below: 1.Set the right expectations- It is very important for organisation that they should make the expectation that they can be achieve in near future. It should not set those expectation in employees that can not be achieve by organisation(Hietanen and Andéhn, 2018). 2.Build the team-Next and important step for EasyJet that they build a strong team that has motivation and willingness to perform a plan. Because the success of implementation of plan depends on team work. They can be integrate individual goals with common goals. 3.Communicate plan-After making teams and plan now it is time to communicate the whole plan to team so that they can able to understand their job roles and responsibilities.
It should be two way process so that leader can take all comments and feedback in a right way and solve their problems. 4.Build out timeline-Timeline plays a significant role as it allocate a time limit that help toteammemberfinishedtheirtaskwithintime.Timescaleisimportantthingin everyone's life because it gives specified time to a person so that they can work effectively. If organisation can not give time limit then it is possible that individual will not perform work. 5.Set up a dashboard for tracking success-Another important step is that EasyJet should set a dashboard or standard so that organisations' employees able to see their growth and success in assigned task. Dashboard should be achievable because if it is not then employees can not see their growth and productivity level(Patsiaouras, 2017). 6.Monitor and check-in regularly-After all above steps, monitoring is very essential part of organisation. That it helps in checking day to day activity and take corrective measures according to the situation. Above mentioned plan is beneficial for organisation as it help in implementing a marketing plan in an effective way. The above steps should be followed in a systematic manner so that organisations ensures that they implement their plan. KPI KPI is the indicator that help to measure the performance of employees. It is very necessary for organisation, they can find difference of actual and expected performances. When EasyJet's employees perform their work then it becomes a responsibility of organisation that they should evaluate their performances. The effectiveness of implemented plan can be identified with the help of KPI. There are some important points of KPI that help to identify the performance of employees. The detail of points mentioned below: Revenue Growth: EasyJet can easily identify and analyse the performance of employees through analysing revenue growth. In revenue growth, EasyJet can calculate growth with three steps: EasyJet can track sales from previous few years. Subtract previous record from current record. Last but not least step that divide the number by last years revenue.
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Income Sources: It is another component that help to evaluates the performance of EasyJet's employees. In this component, organisation can find individual income sources that how much and from where they generate their income. Working Capital: It is very necessary element in KPI, because of this factor organisation can easily find the performances of employees. For example, if working capital is increasing continuously for day to day operation or for raw material that means employees perform very well in organisation. Because their productivity is increasing day by day and this help to increase sale. But it is necessary that organisation should focus on reason of working capital raises (Okazaki and et. al., 2019). Profitability Over Time: In this method, organisation measure profits with specified time limit. CONCLUSION It is concluded from the above discussion that organisation need to make a marketing plan in a appropriate way. So that organisation can achieve their organisational goals and objectives. Marketing plays a significant role in organisation as it promote their goods and services in the marketplace. It is identified that organisation need to do marketing audit that they can do with using of SWOT analysis. Organisation should always focus on their objective so that their marketing plan become successful and goal oriented. It is also analysed from this report that marketing mix gives all necessary detail that marketer need.
REFERENCES Books and Journals: Azoury, S. C., and et. al., 2020. An update on social media in academic plastic surgery training programs:therisingtrendoflikes,shares,andretweets.Annalsofplastic surgery,85(2), pp.100-104. Cashman,P.,andet.al.,2017.Participant-centredactivesurveillanceofadverseevents following immunisation: a narrative review.International health,9(3), pp.164-176. Chen, Q. and Huang, R., 2018. Local food in China: a viable destination attraction.British Food Journal. Fast-Berglund, Å., Gong, L. and Li, D., 2018. Testing and validating Extended Reality (xR) technologies in manufacturing.Procedia Manufacturing,25, pp.31-38. Hietanen, J. and Andéhn, M., 2018. More than meets the eye: videography and production of desire in semiocapitalism.Journal of Marketing Management,34(5-6), pp.539-556. Hutson,M.,2017.Peopledon’ttrustdriverlesscars.Researchersaretryingtochange that.Science (14th Dec. 2017). Mansfield-Devine, S., 2017. Beyond Bitcoin: using blockchain technology to provide assurance in the commercial world.Computer Fraud & Security,2017(5), pp.14-18. O’Brien, E. K., Navarro, M. A. and Hoffman, L., 2019. Mobile website characteristics of leading tobaccoproductbrands:cigarettes,smokelesstobacco,e-cigarettes,hookahand cigars.Tobacco Control,28(5), pp.532-539. Okazaki, S., and et. al., 2019. The curious versus the overwhelmed: Factors influencing QR codes scan intention.Journal of Business Research,99, pp.498-506. Patsiaouras, G., 2017. The history of conspicuous consumption in the United Kingdom: 1945- 2000.Journal of Historical Research in Marketing. Sánchez,A.,andet.al.,2017.PROCESOSCOGNITIVOSYAFECTIVOSENLA CONDUCTA DEL CONSUMIDOR.PSICOLOGÍA UNEMI,1(1), pp.33-40.