Since
the establishment of the company a decade ago, JetBlue as a company has
undergone some fundamental changes and shifts in its business model, in a bid
to become one of a few carriers that have been successful in achieving a true
hybrid status. The company has also made great efforts in making sure that they
attract many business travelers by using their sales force in building the
network in Boston. The company also has made sure that it has the right
strategies to make sure that it expands to Latin America, as well as the
Caribbean. The company also has added some partners that have led to a boost in
the numbers of passengers a factor that has helped avoid some of the shortfalls
often observed during slow travels. Basing on this factors and strategies that
the company has put in place it is correct that JetBlue has done everything
possible to make sure that the strategy of growth has been effective.
On
the other hand, there is also a possibility that the strategies put in place
have not been effective to ensure that the company grows at the levels
expected, and is able to beat the competition that is in the marketing
environment (centreforaviation.com, 2012). Despite the fact that the company
has done everything to make sure that it expands passengers using the service
by introducing partners in the whole strategy, there is also a criticism of the
same. Most carriers have worked to making sure that they refine their capacity
growth to near zero or even shrank their supply. It is also important to
indicate that the company has a lot to do in regard to making sure that they
are able to beat it growth mode, the company still being young. It is therefore
important for the company also to make sure that it has the correct strategies
in place that will make the company to increase its growth rate from the 10% experienced
in 2011, and its 5% to 7% supply growth forecast being 8.6% in 2011.
It
is also important for JetBlue to acknowledge the competition that is already in
the marketing environment, because any slight mistake means that the company
might have some risks associated with the same. Some of the risks will include
failure of the strategies to work. It is also important to indicate that some
strategies that the company might want to implement might be expensive and
might create a state where the company has a lot of expenses more than the
profits that it generates. This will highly contribute to a loss rather than
profits, which will translate to the company’s fall or slow growth. JetBlue
should also work to make sure that the strategies it puts in place are distinct
and different from the others. This is because other companies can use the same
strategies as an advantage of competition against the company.
The
strategy that I recommend for the company is to use a more inclusive approach
in decision making process. It is important for the company to conduct a
research to identify all the areas that need streamlining in order to fit in
the organization’s goals and objectives. All stakeholders should be included in
the entire decision-making process and all should agree with absolute reasons
as to why they have decided to choose on a particular decision. With such a
strategy in place, it is possible that the company can be able to have
collective ideas that streamline towards a common goal.
References
centreforaviation.com
(2012) Jetblue Continues to See Benefits and Growth Opportunities from Its
Hybrid Business Model Available on <http://centreforaviation.com/analysis/jetblue-continues-to-see-benefits-and-growth-opportunities-from-its-hybrid-business-model-71712>
[Accessed on April 15, 2013]
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