1-0 SUMMARY Jack Taylor began his business of Enterprise Rent-A-Car in 1962 in St. Louis, Missouri. Following the successfully philosophy of, "Take care of your customers and employees first, and profits will follow", Enterprise grew steadily to become the nation’s largest rent-a-car company. What separated Enterprise from its other competitors such as Hertz, Avis, and Alamo was the fact that the company focused on two segments of the home-city market rather than appealing to the airport-rental market. The first market was the replacement market that targeted towards local customers in the Enterprise neighbourhood locations who needed rental cars as replacements while their cars were being serviced. Enterprise employees would often …show more content…
These customers value both low cost and excellent customer service. Providing both generates both branch loyalty and advertisement through word of mouth. On the other hand, business require the same service but on a much larger scale. Cost is the primary factor in the decision to outsource their entire transportation to a rental company. In this situation, businesses seek excellent service that integrates with their own operation successfully as well. By providing this service without disrupting their business dealings, companies are able to lower their costs by eliminating the ownership and maintenance costs of their own vehicles. In this way, both the individual consumer and the business customer have the same basic factors motivating their decision, but with very different reasons for doing so. By looking at the customer analysis, it is apparent how Enterprise has tailored its services to satisfy the needs of the consumers. 2-1 SWOT ANALYSIS STRENGTHS • Largest market share of the business • Customer loyalty through excellent customer service • Low operational costs resulting in lower competitive rates • Large resource base available • Strong operational focus • Strong understanding of the customer-oriented culture • Strong corporate culture and values WEAKNESSESS • Lack of brand awareness by public who have never used this type of service before • Inability to attract qualified college graduates • Lack of
Customers want the business to produce quality products at reasonable price. You have different types of customers. There are different types of customers there are loyal ones, young ones, elderly, family or one-time customers.
Enterprise Rent-A-Car has started its operations in 1962 by establishing and successfully developing a new niche in the car renting industry. The business had strictly focused on replacing local citizens’ cars due to repairs. Later on Enterprise started to serve two additional segments, leisure & discretionally rentals and business rentals. Newly launched segments were successful; however the main focus of Enterprise continued to be the initial business stream – the Replacement Rentals. This business section takes up 78% of Enterprise’s resources, which enables the company to capture approximately 55% of the US replacement rentals market share. Yet, the total replacement Rent-A-Car
To truly understand the consumer’s needs one must listen to what the consumer wants and desires, it takes very little effort on the part of Company Q to understand the needs of its consumers. The effort we make can be the difference between a store’s success and a store going bankrupt. Insuring that Company Q's stores standout amongst its competitors in the marketplace will help give Company Q a competitive edge.
competition and provides a commonly requested service. Customers will take notice to the fact that
Customers want quality goods for low prices, they basically want to feel like they got more than their moneys worth
keep an existing customer than finding new ones. A major part of the customer service, especially in a retailing
The company has used the element of networking with the prospective marketers and ambassadors to market their products. The company has also used direct sales through fundraising to increase prospect of gaining more market.
When customers seek for a specific product or service, they obviously want the company to be responsible and well organized. A customer wants to be able to trust the company in which the company delivers everything correctly and the way the costumer wants. When all the customer wants and needs are met, the customer will be to determine which company fits best.
As we look at our SWOT analysis to follow, we are in a sustainable overall position, we have strengths to balance our weaknesses, and particularly our knowledge of where we are heading for and what our customers need. We also have some attractive opportunities. However, we have a weakness in competiting against price-oriented competition from both local and international brand names.
You have agreed to buy a new Subaru from a dealer. The down payment you will need to make on the new car is $9,400, which lets you take out a loan with manageable (but steep) monthly payments. You are low on ready cash, so if you can't come up with the down payment by selling your Volkswagen Jetta, you will have to borrow it at prime plus 5% interest. You are supposed to pick up the Subaru first thing tomorrow morning, so you want to sell the Jetta today.
Today, customer relationship management is very important to the business world. Most of the companies established a department and the programs to manage their relationship with the customers. Customer relationship management (CRM) is a business strategy which designed to help a company to understand and look forward to the needs of its potential and current customers (Anderson & Stang, 2000). Customer data is being collected in several different areas of the company, stored in a central database, analyzed, and distributed to key points (Anderson & Stang, 2000).The business world once was “product-centric”, the companies just provided what they could produce. However, it is now become “customer-centric”, they provide products and service
In addition, if the customer's circumstances change, they need and love over and over again modified. In the external environment, competitors’ contributions evaluate the product or service and customers will
This Novak dealership was the runt in the litter. There were four other Novak car dealerships in the city. They sold luxury to foreigners and middle-aged men, but this dealership was known for rust, and red numbers. It was also the only one that my dad owned. It was always quiet; yet about an hour ago, Dad had gotten a call, and had gone into his dimly lit back office to talk. From where I sat at the desk, I could hear snippets of the conversation that filtered in through the gap in the door.
Reep Construction recently won a contract for the excavation and site preparation of a new rest area on the Pennsylvania Turnpike. The main problem is that the firm wants to minimize cost of meeting the monthly trucking requirements for this project but also follows a no-layoff policy.
with the service seems to be insufficient for customers to remain loyal. Creating customer loyalty is