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ID number:748910
 
Evaluation:
Published: 22.01.2019.
Language: English
Level: College/University
Literature: n/a
References: Used
Time period viewed: 2000 - 2010 years
2011 - 2015 years
2016 - 2020 years
Table of contents
Nr. Chapter  Page.
  List of Figures    1
1.  Introduction    1
2.  Data Description    1
3.  Tools and Frameworks    3
4.  Analysis    5
4.1.  External Analysis    5
4.1.1.  PESTEL Analysis    5
4.1.2.  Porter’s Five Forces    7
4.2.  Internal Analysis    9
4.2.1.  VRIO Model    9
4.2.2.  Financial Analysis    10
4.3.  Stakeholder Analysis    12
5.  SWOT Analysis    13
6.  TOWS Matrix    16
6.1.  SAFe    16
6.1.1.  S8 + O3 Marketing of ancillary products on website to generate higher revenue    17
6.1.2.  W1 + W2 + O3 Use technologies (especially website) to improve customer service and complaint handling to create a better image    17
6.1.3.  W4 + O4 Offer long-haul flights to Asia    18
6.1.4.  S5 + T4 + T5 Promote green and sustainable image    19
7.  Conclusion and Recommendations    20
8.  Limitations    21
  Appendices    22
  Financial overview    22
Extract

7. Conclusion and Recommendations
Within this consultancy report, our company A+T Management Consulting analyzed Ryanair’s strategic position identifying external as well as internal influences. The main problem of the report was to find an answer to the following question: “How can Ryanair adapt its strategy to maintain its leading position in Europe within the next 5 years?” Therefore four research questions were set up to explore external and internal influences on Ryanair, stakeholder’s interests and possible future strategic options. Within the external analysis it became clear that the main key drivers that present threats and opportunities are the open sky agreement, uncertainty of fuel costs, trend on travel distances, technological developments and EU regulations. The internal analysis showed that the most important distinctive capabilities of Ryanair are that they offer the lowest fares on the market combined with the extravagant leadership of Michael O’Leary which ensures a sustained competitive advantage. Furthermore, the financial analysis highlights that Ryanair’s profit increased over the last years and a high current ratio as well as return on equity emphasize that the airline is operating in the black. Additionally, the report identifies key stakeholders with a high level of interest and power, namely the Ryan’s family, Michael O’Leary, shareholders, employees and customers. Resulting out of PESTEL, Porter’s five forces, VRIO, financial analysis and stakeholder mapping a SWOT analysis was created to summarize internal strengths and weaknesses as well as external opportunities and threats. Afterwards, a TOWS matrix was developed and the most important drivers of the SWOT analysis were combined, to create new strategic options. The four most suitable possibilities were evaluated according to the SAFe method, to identify the strongest strategic option which will help Ryanair to maintain its leading position. This option will be elaborated on in the following recommendation.

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