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Need an research paper on matrix analysis of easy jet. Needs to be 1 page. Please no plagiarism.
Need an research paper on matrix analysis of easy jet. Needs to be 1 page. Please no plagiarism. From the above table, it is quite evident that EasyJet enjoys a good brand image among its clients. Its technology is at a strong point though there is a need for improvement with the constant growth of new technology (Simister 2011). The threat of entry is very low compared to heavy budget connected to airline demands. Globalization is providing the company with new opportunities for new markets allowing the company to expand through different nations. EasyJet has great potential for growth within the airline industry because of its ability to operate in small airports where other airlines in these airports are very low (Bamber et al. 2009).
The diagram above indicates that EasyJet is in a favorable position giving it the ability to take up a growth strategy which is aggressive. It is evident that the airline is operating in a stable and attractive industry giving it competitive advantages coupled with significant financial strength.
Conclusion and Recommendation
From the above analysis, it is quite evident that EasyJet strategy is adequate in relation to the airline industry market demand. However, there are several issues that the company needs to address to strengthen its strategies. The following recommendations are necessary.
There is a need for EasyJet to expand its geographical market to another market apart from its concentration in Europe and countries near Europe. By so doing the company will be able to capture low cost airline demand especially in developing countries.
In order to increase its competition in the low cost airlines, it is important for EasyJet to improve its facilities of operating the flights. Improving its facilities will provide the airline with opportunities to operate better in markets.
Even in establishment of low cost flights, EasyJet need to create different boarding classes to fit a wide segment of its target market. For instance, businessmen prefer business class while travelling which cannot be the same case for other individuals.
The company can engage its customer through offering group discounts for customer travelling as group. For instance, EasyJet can develop good offer for individual traveling as a family, classmate and workmates. This can in turn attract a bunch of customer thus expanding their target market.
