Categories: Strategy

Strategic Analysis and Business Strategy of Jet2

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p><&sol;strong><strong>-&gt&semi;<&sol;strong>&NewLine;<&sol;p>&NewLine;<h1 align&equals;"justify">3 Internal Analysis<&sol;h1>&NewLine;<p align&equals;"justify">The internal analysis of the report will highlight the core internal strategies and foundations of the company which are allowing to perform optimally in the market&period; <&sol;p>&NewLine;<h2 align&equals;"justify">3&period;1 Resources &amp&semi; Core Competencies<&sol;h2>&NewLine;<p align&equals;"justify">The Jet2 airlines have six hub airports in the United Kingdom&period; It connects with more than forty-five destinations in the UK and the European countries&period; As the organization operates international and domestic flights&comma; it can capture the diversified consumer base which is willing to fly within Europe on cheap airfares&period; The organization has a current fleet size of 73 aircraft&comma; which would further see an addition of 44 aircraft in the next couple of years &lpar;Maselen&comma; 2017&rpar;&period; <&sol;p>&NewLine;<p align&equals;"justify">Jet2 airways might not have the same level of brand recognition and awareness compared to its close competitors like Ryan Air and EasyJet&comma; but it has improved the brands which fall under it significantly&period; The airline has been able to leverage its tour operator division&comma; Jet2 Holidays&comma; boosting the number of flights booked and revenue generated&period; The holiday brand for Jet2 has grown enormously that the financial position of the airline is massively dependent on it in the recent years &lpar;Maselen&comma; 2017&rpar;&period;<&sol;p>&NewLine;<p align&equals;"justify">Another niche strategy that has become a core competency for the organization is the charter service&period; The airlines offer the capacity to tour operators and third-party flying&comma; which allows it offer seats on charter flights&period; The seats that are offered allow the organization to operate smoothing during the winter season&comma; and offer cheaper airfare to the consumers&period;<&sol;p>&NewLine;<p align&equals;"justify">The last major source of resources that the organization has is from its parent company&period; Dart Group PLC has been in the aviation sector for more than 40 years &lpar;Dart Group&comma; 2016&rpar;&period; The organization has the good reputation <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h2 align&equals;"justify">3&period;2 Organizational Performance<&sol;h2>&NewLine;<p align&equals;"justify">Jet2 airways have performed optimally in the two main categories of performance&period; The organization has reported on solid financial growth and has displayed clever strategies for increased market penetration&period; The organization last year launched several different products for their services&comma; to penetrate a wider market&period; The company launched their Jet2plus product&comma; which is a form of VIP service for the consumers&period; The service includes extra benefits&comma; like priority check-in&comma; food&comma; seating preference and other flight amenities&period; The company is providing this service for 27 of its destinations &lpar;Jet2&comma; 2017&rpar;&period; Another product&sol;service which was launched was the Jet2PlusUSA&comma; which targeted the long-distance flyers&period; The service similar to the other service offered a range of extra features and amenities in flight for the consumers&period; Both the service add-ons were very well received by the consumers and the staff of the organization &lpar;Jet2&comma; 2017&rpar;&period; <&sol;p>&NewLine;<p align&equals;"justify">Jet2 airlines for the past couple of years have continuously outperformed the market expectations&period; The company has seen a steady increase in its sales and revenues&period; The only hindrance that it faced was the lack of capacity and the increasing demand&period; The revenue generation for the company since the financial year 2014&comma; has grown more than 15&percnt;&period; Compared to the last financial year it grew about 10&percnt;&comma; and the profits went up only about 4&percnt;&period; This occurred because of the handling inhibition&period; However&comma; overall the organization have gone up in the number of flights each year&comma; it has significantly increased the number of passengers&comma; hence is performing in an ideal way&period; <&sol;p>&NewLine;<h1 align&equals;"justify">4 SWOT Analysis<&sol;h1>&NewLine;<p align&equals;"justify">This is a one page summary of the previous internal and external analyses&period; The facts need to be the ranked to show the biggest strengths&sol;weaknesses etc&period;&comma; not repeating everything from the previous sections&period; Reference where these facts came from so that the reader can go back to that section to get the full picture if needed&period;<&sol;p>&NewLine;<p align&equals;"justify"><a href&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2018&sol;03&sol;image&period;png"><img width&equals;"605" height&equals;"387" title&equals;"image" style&equals;"border&colon; 0px currentcolor&semi; border-image&colon; none&semi; margin-right&colon; auto&semi; margin-left&colon; auto&semi; float&colon; none&semi; display&colon; block&semi; background-image&colon; none&semi;" alt&equals;"image" src&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2018&sol;03&sol;image&lowbar;thumb&period;png" border&equals;"0"&sol;><&sol;a><&sol;p>&NewLine;<h1 align&equals;"justify">5 TOWS Analysis<&sol;h1>&NewLine;<p align&equals;"justify">&NewLine;The ranked facts from the SWOT can now be brought over into the TOWS&period; This is where your first ideas of problems that need solving with a new strategy will come&period; The next section on strategy will derive its justification from this&comma; so you need to make sure it is correct&period; <&sol;p>&NewLine;<p align&equals;"justify"><a href&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2018&sol;03&sol;image-1&period;png"><img width&equals;"600" height&equals;"495" title&equals;"image" style&equals;"border&colon; 0px currentcolor&semi; border-image&colon; none&semi; margin-right&colon; auto&semi; margin-left&colon; auto&semi; float&colon; none&semi; display&colon; block&semi; background-image&colon; none&semi;" alt&equals;"image" src&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2018&sol;03&sol;image&lowbar;thumb-1&period;png" border&equals;"0"&sol;><&sol;a><&sol;p>&NewLine;<h1 align&equals;"justify">6 Mission Statement<&sol;h1>&NewLine;<h2 align&equals;"justify">Mission&nbsp&semi;&nbsp&semi; <&sol;h2>&NewLine;<p align&equals;"justify">To provide safe&comma; convenient&comma; and high-quality flight service to the public&NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Vision&nbsp&semi;&nbsp&semi;&nbsp&semi; <&sol;h2>&NewLine;<p align&equals;"justify">To provide more innovation and higher quality service&NewLine;<&sol;p>&NewLine;<h2 align&equals;"justify">Values&nbsp&semi;&nbsp&semi; <&sol;h2>&NewLine;<p align&equals;"justify"> Family-friendly&comma; customer-oriented&comma; price-reasonable&period;<br &sol;>&NewLine;Objectives&nbsp&semi;&nbsp&semi;&nbsp&semi; Grow existing sales&comma; capture a bigger cap and increase brand reputation&period; <&sol;p>&NewLine;<p align&equals;"justify"><strong>&lt&semi;&excl;-<&sol;strong><strong>Continued&&num;8230&semi;&period;&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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