Preview

Enterprise Rent A Car

Better Essays
Open Document
Open Document
1428 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Enterprise Rent A Car
Enterprise Rent-A-Car, was founded by Jack Taylor in 1957 in a basement of a Missouri Cadillac dealership with only seven cars. Today, Enterprise has more than 800,000 vehicles and nearly 7,000 locations. Their main business activity is to provide rental vehicles to customers. This privately owned company, what is known to be America’s #1-car rental company, has dedicated themselves to creating the best customer service throughout their service line in addition to being successful in the industry (Kazanjian, 2007). As stated by Weinstein, “Enterprise offers an excellent opportunity to explore the nature in which customer demand initiates organizational response, which in turn leads to organizational progress” (Weinstein, 2012).
This case study will be based on analyzing Enterprise Rent-A-Car using the Customer-Value Funnel (CVF). According to McFarlene, the Customer Value Funnel (CVF) “serves as both a strategic and diagnostic tool for understanding an organizations current business environment and contexts and the important factors and actors that shape customer value design, creation, and delivery” (McFarlene, 2013). With this funnel, the macro environment and microenvironment (Level I & II) will be reviewed, and Enterprise will be evaluated on their capability and the prospects to deliver customer superior value (Weinstein, 2012).
The value drivers as described by Weinstein for the two levels mentioned above of the Customer Value Funnel that will be analyzed are society values (level I): Society, Demographics, Economic, Natural/Physical, Political/ Legal, and Technological and Suppliers, partners, competitors, and regulator value (level II) (Weinstein, 2012).

Macroenvironmental Analysis (The Global Business Community)
The macroenvironment is described as the external and uncontrollable factors that influence an organizations decision-making, and affects its performance and strategies. The factors this case describes are: Society/Subcultures,



References: “Enterprise Rent-A-Car,” (2012). Retrieved from: http://armsautosuite.com/. Hart, A. (2011). Shared Value & Partnerships: The Makings of a Collaborative Economy. Retrieved from: http://www.triplepundit.com/2011/11/shared-value-partnerships-makings-collaborative-economy/ Kazanjian, K. (2007). Exceeding Customer Expectations: What Enterprise, America’s #1 Car Rental Company, Can Teach You About Creating Lifetime Customers (First Edition). New York: Crown Business. McFarlane, Donovan A. (2013). "The Strategic Importance of Customer Value," Atlantic Marketing Journal: Vol. 2: Iss. 1, Article 5. Weinstein, A. (2012). Superior Customer Value: Strategies for Winning and Retaining Customers (Third edition). Boca Raton, Florida: CRC Press-Francis & Taylor Group.

You May Also Find These Documents Helpful

  • Powerful Essays

    Hsa 505 Assignment 3

    • 2334 Words
    • 10 Pages

    In any kind of business, a customer is always considered as the greatest asset. No business can survive without customers. This is the reason why businesses, organisations and companies must ensure that they win the attention of their customer through the use of customer satisfaction strategies. There are many different ways in which customers can be attracted and retained. One of the most common ways is through offering goods and services which are of high quality to the customers. Customers are always on the lookout for business persons who can offer them value for their money.…

    • 2334 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    In the next three years, Crestwood Manor board and care homes would like to improve the profitability of the board and care homes to 85%. This will help to recover the cost that it took to open and start the board and care program for Crestwood Manor.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Edf Energy

    • 1116 Words
    • 5 Pages

    Before i go further let me touch on a brief introduction on customer value, customer value can be defined as the difference between what a customer gets from a product and what he or she has to give in order to get it.…

    • 1116 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Jack Taylor started Enterprise in St Louis in 1957.Taylor had a unique strategy in mind for Enterprise and that strategy had a key role in the initial success of the firm. Most car rental firms like Avis base most of their locations in or near airports ,train stations and other transportation hubs.These firms see their customers as business travelers and people who fly for a vacation and then need transportation at the end of thgeir flight. Enterprise went after a different customer base. It sought to rent cars to individuals whose own cars are being repaired or who are taking a driving vacation.…

    • 767 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Enterprise Hbs Case

    • 1331 Words
    • 6 Pages

    All car rental companies provide customers with the temporary use of a car. How do Enterprise’s original target customers in the local or “home-city” market—and their needs—differ from the target customers of their major competitors such as Hertz and Avis? How does Enterprise match (or not) the needs of their local market customers?…

    • 1331 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Enterprise

    • 873 Words
    • 3 Pages

    All companies provide customers with a car to drive but Enterprise took a unique approach to the car renting experience. Although Enterprise is the largest and possible most well-known rental car company, they focused on giving each customer time and personal attention the way a small business would. This helped Enterprise get a large repeat customer base and also proves to be good for word of mouth advertising. They also offered the personalized “we’ll pick you up” campaign which made car rental more convenient for customers.…

    • 873 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Enterprise Rent-A-Car, referred to as Enterprise, is a rental car company established in 1957. They provide car rental services as well as oversees commercial fleet management, used car sales, and commercial truck rental operations. There will be emphases on the history of the company, the mission and values, corporate responsibility, and the particular position of Sales Management Trainee. Enterprise was established by Jack Taylor, who renamed the company to Enterprise from Executive Leasing Company in 1969. He did this because he wanted to pay tribute to the aircraft carrier he served on during World War II.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Enterprise Rent a car is a multibillion dollar industry leader in the car rental business. The company was founded in 1957 and generates annual revenue of 10.1 billion with over 900,000 cars in its fleet and with the help of 66,000 employees. The company was build on the idea that the biggest ideas are the simplest and should be customer focused. “Take care of your customers and your employees first and growth and profits will follow” (Jack Taylor, founder of Enterprise)1…

    • 313 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Today, Enterprise is the largest car rental business in North America with more than 7,000 offices in the U.S. and 900 in Canada, Puerto Rico, the UK, Germany, and Ireland. Customer satisfaction is a key driver of growth for Enterprise delivering first class customer service. Enterprise strives to hire, develop, and train its staff through effective training and development. Employees at enterprise achieve promotion within the company reaching their full potential. This promotional strategy reduces the need for external recruitment. This is a cost effective way for Enterprise to manage its people.…

    • 808 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Smith and Colgate, (2007) Customer Value Creation: A Practical Framework, Journal of Marketing Theory and Practice, Vol. 15, no. 1, pp. 7-23…

    • 1523 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Still according to Taylor, the focus is on the customer:” after all, other companies rent, lease and sell pretty much the same car as enterprise. The difference is, their business is cars and ours is people.…

    • 495 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Cited: Ho, T.-H. (2006). Incorporating Satisfaction into Customer Value Analysis: Optimal Investment in Lifetime Value. Marketing Science , 260-277.…

    • 2288 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Enterprise Rent-A-Car is a car rental company established in St. Louis, Missouri in 1957 by Jack C. Taylor. Its original name, “Executive Leasing Company”, was renamed to “Enterprise” in honor of the U.S.S. Enterprise aircraft carrier, which Taylor served on during World War II. In 2009, Enterprise became a subsidiary of Enterprise Holdings, Inc. as a result of Enterprise Rent-A-Car's 2007 acquisition of Vanguard Automotive Group, which is a parent company of National Car Rental and Alamo Rent a Car. This acquisition helped the company to a long-term business growth.…

    • 645 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Waltham Oil

    • 2104 Words
    • 9 Pages

    4) Ans.As stated in the case the motto of the founder of the Rent-a car enterprise Jack Taylor was 'Take care of your customers and employees first, and profit will take care of itself.' The concept of ESQi or the Enterprise Service Quality index model was also based on this core concept.According to this concept survey is conducted to find out two basic objectives, “what makes customers loyal,and who are the loyal customers of the company”. Enterprise targeted customers who were highly satisfied and would rent from the company again. The customers were segmented prioritywise,with the most loyal customers in the top notch.Telephone Researchers who were specially employed for this purpose conducted this survey through telecommunication with the customers,enquiring whether they are satisfied with the rent-a-car service or not etc,.The scores of the ESQi survey helped the company to find out what makes customers happy and what are the causes of their dissatisfaction if any.The ESQi scores also helped the company to find out underperforming departments of the company and the departments which performed well,as the staffs were asked to rate their peers who according to them is performing well in the field of customer satisfaction,The composite scores then tallied to find out the best performing department and staff,and accordingly they are rewarded through incentives and promotions.…

    • 2104 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Group Case Pegasus

    • 931 Words
    • 3 Pages

    Understanding what buyers value within a given offering, creating value for them, and then managing it over time have long been recognized as essential elements of every market oriented firm’s core business strategy. Pegasus Airlines demonstrated what “aim of marketing” really is for its customer, which is “to create value to customer and capture value in return”. Specifically the case mentioned three theoretical concepts, Truly Customer Focused, More than Amenities and Love your Customers, which would clearly explains a Customer Value Company.…

    • 931 Words
    • 3 Pages
    Good Essays