Preview

Responsible to business

Best Essays
Open Document
Open Document
4147 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Responsible to business
Module Code: UGB247

Module Title: Responsible Business

Responsibility Audit Report

Module Leader: Mark Winter

Module Tutor: Mark Winter

Katie Anderson

Student Number: 1067051204

Date of Submission: 17/12/2012

Contents

Heading
Page no.

1.0

Introduction

3

Task A

2.0
Environmental Scanning
3
2.1
Operations
3
2.2
Human Resources
4
2.3
Marketing
5
2.4
Finance

Task B
6
3.0
Ryanair’s responsible practices

Task C
6
4.0
Recommendations
9

Appendices

10

References
12

Responsibility Audit Report- Ryanair

1.0 Introduction
Ryanair was founded in 1985 by the Ryan family in Waterford, Ireland (Wangkanai, 2011). Ryanair is a low cost airline that operates over 1,500 flights per day from 51 bases on 1,500 low fare routes across 28 countries (History of Ryanair, n.d). The public limited company originally began as a full-service conventional airline, however in 1990 when Michael O’Leary took over the Chief Executive position, the company changed its business model dramatically by implementing a cost-leadership strategy (Wangkanai, 2011).

The purpose of this responsibility audit is to illustrate Ryanair’s business practices and to ascertain whether these activities demonstrate responsible corporate behaviour. Corporate responsibility comprises the responsibilities of a business in the context of wider society, how those responsibilities are defined and negotiated and how they are managed and organised (Blowfield and Murray, 2011).

2.0 Environmental Scanning

2.1 Operations
Ryanair is known as the leading low-cost carrier in Europe and therefore implements an operations strategy to provide air travel at a minimal cost, whilst maximizing its operations margin. For Ryanair to maintain this they adopt a lean structure and



References: A Framework for Thinking Ethically (2012) [Online] Available at: http://www.scu.edu/ethics/practicing/decision/framework.html (Accessed: 07/12/2012). Annual Report 2009 (2009) [Online] Available at: www.ryanair.com/doc/investor/2009/Annual_report_2009_web.pdf (Accessed: 26/11/2012). Annual Report 2010 (2010) [Online] Available at: http://www.ryanair.com/en/investor/download/2010 (Accessed: 01/12/2012). Annual Report 2012 (2012) [Online] Available at: http://www.ryanair.com/en/investor/download/2012 (Accessed: 01/12/2012). Blowfield, M. and Murray, A. (2011) Corporate Responsibility, 2nd ed, New York, Oxford: OUP, pg 18. Cannon, T. (2012) Corporate Responsibility, 2nd ed, Harlow: Pearson, pg 1. Creating Shared Value (2011) Available at: http://hbr.org/2011/01/the-big-idea-creating-shared-value (Accessed: 03/12/2012). Donaldson, T. & Werhane, P. H. (1983) Introduction to Ethical Reasoning. [Online] Available at: www.communicationcache.com/introduction (Accessed: 07/12/2012). Dispatches Documentary Raises Safety Concerns at Ryanair (2006) Available at: http://www.cloudworks.co.uk/node/310 (Accessed: 21/11/2012). Elliot, D. C. & Albert, E. (2006) The New Rational Therapy, United States of America: Rowan & Littlefield Publishers, pg 139. Environmental issues & Ryanair. (2005) Available at: http://www.ryanair.com/en/news/gen-en-201204-3 (Accessed: 02/12/2012). Gibbons, K. (2010) Ryanair: marketing genius or reputation madness? Available at: http://econsultancy.com/uk/blog/6195-ryanair-marketing-genius-or-reputation-madness (Accessed: 21/11/2012). Grierson, J. (2012) Ryanair to create 1,000 UK jobs as it opens new routes. Available at: http://www.independent.co.uk/news/business/news/ryanair-to-create-1000-uk-jobs-as-it-opens-new-routes-8269000.html (Accessed: 26/11/2012). History of Ryanair, n.d. Available at: http://www.ryanair.com/en/about (Accessed: 21/11/2012). Jobber, D. (2004) Principles and practice of marketing, 4th ed, Berkshire: McGraw Hill, pg 133. Keig, M & Keig, L. (2010) Ryanair looks to switch supplier to save 12-14%. Available at: http://auditelconsultants.co.uk/mikekeig/2010/10/12/ryanair-looks-to-switch-supplier-to-save-12-14/ (Accessed: 23/11/2012). Mathis, R. L. & Jackson, J. H. (2010) Human Resource Management, 13th ed, United States of America: Cengage Learning, pg 214. Recession good for Ryanair: CEO (2008) Available at: http://www.blnz.com/news/2008/11/02/Recession_good_Ryanair_9728.html (Accessed: 26/11/2012). Redfellow, M. (2007) Ryanair: 'the irresponsible face of capitalism ' Available at: http://redfellow.blogspot.co.uk/2007/01/ryanair-irresponsible-face-of.html (Accessed: 24/11/2012). Ryanair & the environment, n.d. Available at: http://www.ryanair.com/en/about/ryanair-and-the-environment (Accessed: 02/12/2012). Ryanair buys 27 new Boeing planes. (2007) Available at: http://news.bbc.co.uk/1/hi/business/6708075.stm (Accessed: 01/12/2012). Ryanair cabin crew strip for yet another racy calendar (2012) Available at: http://www.dailymail.co.uk/femail/article-2218506/Ryanair-cabin-crew-strip-racy-calendar--despite-years-effort-slammed-ASA.html (Accessed: 02/12/2012). Ryanair delay leaves passengers sweating (2012) Available at: http://www.ihateryanair.org/ (Accessed: 23/11/2012). Ryanair Holdings PLC (2012) Code of Business Conduct and ethics, pg 4. [Online] Available at: www.ryanair.com/doc/investor/egm_apr.pdf (Accessed: 26/11/2012). Ryanair hits back in ‘green’ row (2007) Available at: http://news.bbc.co.uk/1/hi/uk_politics/6233019.stm (Accessed: 02/12/2012). Ryanair Jobs (2012) Available at: http://www.indeed.co.uk/Ryanair-jobs (Accessed: 01/12/2012). Ryanair’s Motivation Problems, n.d. Available at: http://www.freeonlineresearchpapers.com/motivation-research-paper (Accessed: 01/12/2012). Ryanair- Operations Strategy and Capacity Management (2010) Available at: www.su-bc.org/PDF/essays/MAN9N4.pdf (Accessed: 26/11/2012). Ryanair reports ‘recession-beating’ growth (2009) Available at: http://www.parkandgo.co.uk/19002635-ryanair-reports-recessionbeati.html (Accessed:26/11/2012). Ryanair retracts emissions claim (2007) Available at: http://news.bbc.co.uk/1/hi/business/6310571.stm (Accessed: 02/12/2012). Ryanair rip off (20120 Available at: http://www.freedompress.org.uk/news/2011/10/01/ryanair-rip-off/ (Accessed: 24/11/2012). Ryanair schoolgirl ad criticised (2008) Available at: http://news.bbc.co.uk/1/hi/business/7216926.stm (Accessed: 21/11/2012). Smith, L Stubing, C. (2009) Ryanair to charge £1 for oxygen mask during emergencies. Available at: http://www.dailysquib.co.uk/world/1688-ryanair-to-charge-a1-for-oxygen-mask-use-during-emergencies.html (Accessed: 01/12/2012). Suresh, C (2012) Ryanair hrm polices & strategy. Available at: http://www.slideshare.net/chinamouli/ryan-air-vs-british-airways-hrm-policies-strategy (Accessed: 24/11/2012). The direct and measurable impact of airport activities, n.d. Available at: www.ryanair.com/doc/news/2012/ACI-Report-Job-Creation.pdf (Accessed: 26/11/2012). Wangkanai, S. N. (2011) Ryanair Business Competitive Sustainability. Available at: http://www.sarin.mobi/2011/03/ryanair-business-competitive-sustainability/all/1/ (Accessed: 21/11/2012). Webb, N Wintour, P. (2007) Labour targets airlines over carbon emissions. Available at: http://www.guardian.co.uk/business/2007/jan/05/britishairways.greenpolitics (Accessed: 02/12/2012).

You May Also Find These Documents Helpful

  • Powerful Essays

    Ryanair

    • 3579 Words
    • 19 Pages

    COLOGNE BUSINESS SCHOOL (CBS) Case Study: Ryanair The future of the leading low fares airline Term paper for Transnational Management Summer Semester 2014/2015 Lecturer: XXX Anton Wischnewski BA12 in International Business / International Trade Student-No. XXX Table of Contents 1 Introduction ....................................................................................................2 2 Overview of Ryanair ......................................................................................3 2.1 3 Facts and Figures .............................................................................................. 3 Internal Analysis ............................................................................................5 4…

    • 3579 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    Ryanair case

    • 326 Words
    • 2 Pages

    The main strategy for Ryanair is its low cost structure. Ryanair undercut its Dublin-London service at I£98. The reason Ryanair was able to offer low fares was because they only use small aircraft and fly to an airport with lower fees…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    * Julien A., Quellet R., Mathelin, D. (2004) “RYANAIR Flying Cheaper and Cheaper”, European Case Clearing House…

    • 3327 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Business Ethics Outline

    • 1266 Words
    • 6 Pages

    Bibliography: Blowfield, M. & Murray, A. (2008) Corporate Responsibility – a critical introduction Oxford University Press.…

    • 1266 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The current market is a stabilized market, with a duopoly amongst the two strong players: British Airways and Aer Lingus. Both airlines established routes in the lucrative Dublin - London markets and tap on profits from this route to finance their other less profitable operations. The demand for air travel between the Dublin and London has probably stabilized over the 10 years from the stagnant market share of half million air travelers. Ryanair's strategy is focused on breaking this duopoly with the introduction of Ryanair's low costs and efficient service on the same route. The strategy entails to achieve the following:…

    • 533 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Ryanair was established in the year 1985 by the RYAN family and has grown from a small airline flying a short hop from Waterford to London, into one of the Europe’s largest carriers. The company expanded and within 4 years it had 350 employees, 14 aircraft, and carried 600,000 passengers a year. It is currently serving to 26 European Countries with 148 destinations. It operates on 794 different routes daily serving by more than 1050 flights in a day. It has totally 169 aircrafts running for different routes with 5986number of employees working in it However, Ryanair’s costs rose drastically and it recorded losses of £20 Million sover four years despite its growth. Although consumers were continuing to fly Ryanair due to its low costs, some type of change was needed in order to revamp the company. Under a new management team, a major overhaul of the airline was undertaken in 1990/91 and it was relaunched as the first of the new breed of ‘Low Frees/no Frills’(Scribd.com(2009))…

    • 3150 Words
    • 13 Pages
    Best Essays
  • Best Essays

    IntroductionRyanair was founded in July 1985 by the three brothers, Catlan, Declan, and Shane Ryan, with the financial assistant of their father Tony Ryan. As a beginner commercial carrier, its operations began with 25 staff and a single 15-seat turbo-prop commuter plane between Waterford in the southeast of Ireland and Gatwick Airport, the second busiest airport in London after Heathrow. Later on, regulatory authorities permitted the Ryanair Airlines to have at least four flying flights a day on Dublin-London route, with more seating capacity. Nowadays, Ryanair, with its rapid growth, occupies the most sought position in its own field, being "Britain's favorite airline" and the oldest-low cost air carrier in Europe.…

    • 2150 Words
    • 7 Pages
    Best Essays
  • Best Essays

    Ryanair - Economic Analysis

    • 3532 Words
    • 12 Pages

    Ryanair is an Irish airline founded in 1985 by Tony Ryan who teamed up with Christy Ryan and Liam Lonergan to set up the airline (Creaton 2004). The company started off with 5,000 passengers in 1985 and in 2009, they carry over 65 million customers (Airport Watch 2009). In 1991, when Michael O’Leary became the deputy CEO, he developed a strategy heavily influenced by Southwest Airlines in the US, the world 's first low-cost carrier and has posted its first ever profit since it started operating (Vallely 2006). By December 2009, Ryanair is Europe’s leading low cost airline serving 26 countries with 150 destinations and through 1000 routes (ELFAA 2009). As shown in Appendix A, Ryanair is ranked the fifth in Europe for the largest airline company measured by the number of passengers carried (Europa 2010a). Among the low cost carriers in Europe, Ryanair has the biggest market share, accounting for 40% as shown in Appendix B. Besides air flights, Ryanair also provide non-flight services such as car rentals, accommodations, travel insurance, internet-related services and in-flight merchandise sales. These non-flight services have accounted for 20% of Ryanair’s total revenue for the financial year ended 2009 (Annual report 2009).…

    • 3532 Words
    • 12 Pages
    Best Essays
  • Satisfactory Essays

    Ryanair Team Work

    • 503 Words
    • 3 Pages

    Ryanair is considered to be the largest low fares airline in Europe. They have over 800 low fare routes across 26 different countries, so this gives you an indication as to the scale of this employer. Despite being a low budget airline, they are anything but budgeted when it comes to their staff. With real incentives and genuine opportunities for career progression, staff at Ryanair are valued for the hard work they do in helping to run one of the most successful budget airlines in the world. With over 6,000 people working for them, millions of passengers each year put their trust in Ryanair to make their flight a hassle-free affordable ride.…

    • 503 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Csr Ryanair

    • 3593 Words
    • 15 Pages

    Moir, L. (2001). "What do we mean by corporate social responsibility". Corporate Governance, 1, 2, p. 16-22.Y CO…

    • 3593 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    Ryan Air Case Study

    • 4060 Words
    • 15 Pages

    Ryan airs strategy was born form its objective of maintaining “its position as Europes leading low cost airline, operating frequent point to point short haul flights, mainly out of regional and secondary airports […] designed to stimulate demand, particularly from budget conscious leisure and business travelers, who might otherwise have used alternative…

    • 4060 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Ryanair is Europe 's largest low-fares, no-frills short-haul carrier. The organisation was founded in 1985 as a conventional airline but re-launched itself in 1990/1991 as a low-cost carrier, replicating American Southwest Airlines ' business model. Since then Ryanair has grown substantially and successfully. The company currently has 146 routes to 84 destinations in 16 countries, and carries more than 15 million customers annually. Ryanair aims to be Europe 's largest airline in 8 years (www.ryanair.com).…

    • 4400 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    Ryanair

    • 1110 Words
    • 5 Pages

    One of the most important things in managing an airway company is to have all its operational features(such as reliability, clarity of fees, availability of fares, on-board comfort, service, etc.) under control, which Ryanair cannot handle in various ways, resulting in negative thoughts of customers about this company.…

    • 1110 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Sudent

    • 6269 Words
    • 26 Pages

     Ryanair has redefined the airline industry with its low-cost operating model. In order to keep costs to a minimum the airline uses small, regional airports and operates as a point-to-point carrier, thus avoiding the costs associated with a hub-and-spoke service.  The company’s adoption of a low-cost operating model allows it to pursue a price-led offering. Ryanair advertises itself as "The low fares airline" and has a price promise under which it will pay double the…

    • 6269 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    hajaghaa

    • 951 Words
    • 4 Pages

    Summary: Ryanair- the low-cost and no- frills airline Ryanair (founded in 1985) was providing scheduled passenger airline services between Ireland and the United Kingdom. The airline is competing with the carrier: Air Lingus (that had the monopoly position before) in 1990 the passengers’ volume…

    • 951 Words
    • 4 Pages
    Satisfactory Essays