Business Analysis: Rolls-Royce Aircraft Engines

Introduction

The business world is becoming more and more heated up as a result of the ever increasing levels of competition. Each and every industry is witnessing an alarming rate in the number of competitors that exist within it. This is further fueled by the increasing world population, which brings about the speculations that the future of the market is rather bright. It is interesting as to how many things are nowadays done based on speculations and future expectations. In the turmoil of it all, marketing has been established as a very effective tool used by various firms to gain competitive advantage over others. As such, each organization has been able to develop its own marketing strategy based on the various things that affect the industry and the nature of business undertaken. Theories and practical research are two major items that form the basis of development of marketing strategies. Rolls-Royce is one of the many organizations that have been in big business for a long time. As such, the company has been able to identify major areas of strength and weakness when it comes to marketing.

Background Information

Rolls-Royce is an established company that deals in manufacturing aircraft engines and other parts. It also has a branch that specializes in cars. It has been in existence for a long time, implying a vast resource reservoir and experience in the whole business. Apparently, the company ticks as one of the top world dealers in aero-civil industry (Wilson, 2007).

The engineering section of aircraft manufacturing is quite old. It is characterized by a few firms that keep Rolls-Royce on its toes in terms of competition, like General Electric. The small number of firms can be justified by the high cost of starting of...

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...rviews. The above would be carried out within two months. Travelling costs amounting to $50 are expected.

The data analysis process would commence immediately the data collection ends. It would be carried out over two weeks, and an estimated cost of $250 would be required. This is for the purpose of the various activities of compiling the report.

Limitations

The research is not without its limitations. One of the challenges that would be faced would be establishing the accuracy and bias in the various answers given by respondents. Some of the information may be dishonest, biased and unclear. This would render the report unreliable.

Another challenge would be the ability to generalize the results. Actually, it is basically an assumption that the samples reflect the views of the larger market. Though, this has been minimized through the use of systematic sampling.