First
of all, after the detail discussion of the ryanair, it can be determine that
the strategies of ryanair must be develop to determine l lathe major issues of
the organization and also maintain its low cost approach for all the customers
because its specialty attract the customers and make it profitable
organization. Through its core competencies, ryanair strategies must be
improvement making and waste minimization and better utilization of resources.
The core competencies define its ability to finish all those operations that
are not supportive and value added. By unnecessary processes eradicated prices
can be minimize. Careful planning must be required to increase the efficiency
so ryanair adopt improvement making strategy that supports its corporate culture. The real-time initiatives must be taken by
the employees and then management as a whole implement the change. The deficiencies
of the organization cannot be detected if the employees of the organization not
properly connected with customers. Because only employees may not give accurate
suggestions related to new change so the ryanair provide opportunities to all
its employees to take better initiatives for the betterment of the
organization. The next core competence related to maximize the ability of
ryanair is to increase the number of routes offer by maximizing the number of
customers travel. This core competence show that ryanair use its aircrafts more
than before and multiple use its routes to make its profitability higher than
before by utilizing its resources more and more. And employees must know that
how to properly manage all the resources to get better results and enhance the
earnings ratio and this all would be happen with the contribution of employees
on different segments of business. (ukessays.com, n.d.)
SFA
evaluation of the airline company “Ryan air”
When
business have multiple strategies then it is difficult to select the best one
for the business and face problems while implementing and assessing the
usefulness and effectiveness of strategy. An effective approach and options
must be selected to consider the suitability, feasibility and acceptability of
every option. Any strategy must be fulfilling at these three criteria to become
successful and ryanair also determine this model to implement any sort of
strategy. Suitability means that company determine is the strategy is better to
use to meet the requirements of the company or not. In different criteria the
suitability consider very important like capability, expectations and
environmental suitability. These types can be divided into further categories
according to the requirement of the organization. For determine the suitability
consider the strategy use the strength of company effectively or strategy
remove the difficulties that are identified. Acceptability belongs to the
stakeholder reaction, risk and measuring return after the implementation of the
strategy. Based on the benefits, returns must be measured and financial and non
financial effects must be determined. Feasibility of this model decides finally
about the implementation of the strategy; determine the resources, abilities
and capabilities of the business to implement the strategies. Financial
feasibility is also very important to determine the future needs of the
business by observing the cash flow, many other financial test with break even
analysis. It also determines how much material, management power, equipment and
man power is required to implement the strategy. (oxfordcollegeofmarketing.com, 2019)
Summary/conclusion of the airline
company “Ryan air”
Ryanair
is a very well reputed and successful organization that provide excellent
services at most lowest price rate. They are well organized and run
successfully but still they have some problems and many issues arise in their
strategies. The resources and competencies must be determine at every step to
consider the effectiveness and strength of its strategies and make more
effective strategy that meet the requirements of the organization and provide
more profitable results in future and also engage all its employees with
customers and define a comfort zone for all the people.
References of the airline company “Ryan air”
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Available at: https://businessteacher.org.uk/swot/ryanair.php
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2019. Evaluating Strategic Options Using SAF Strategy Model. [Online]
Available at: https://blog.oxfordcollegeofmarketing.com/2018/02/25/evaluating-strategic-options-using-saf-strategy-model/
phdessay.com,
2019. https://corporate.ryanair.com/about-us/history-of-ryanair/. [Online]
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