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Enterprise Rent a Car Essay

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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

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