In the fall of 1977, Michael Stephens, sole proprietor of Stephens Construction, asked Warren Sanders, a local real estate broker, to find a large piece of land that would be suitable for development into a single family residential project. Sanders located several parcels and found a homestead staked and owned by Robert and Arlene Cross. Sanders contacted and met with Robert Cross in February of 1978 and stated that he was looking for land for a developer and had asked Cross to sign a listing agreement, but he refused. In September of 1978, Anders contacted Cross again and showed an offer from Stephens. Cross rejected this and two following offers.…
Enterprise was the market leader of the car rental business and was the highest revenue producer. The main success of its business was its concentration on a single market segment and consistent delivery of services to its customers and care for employees. Thus, the industry of car rental was increasing significantly and hence there were number of opportunities and threats Enterprise could face in its few coming years.…
What do you think of when you hear “Enterprise Rent-A-Car”? Do you think of “We’ll pick you up”—the catchphrase that reflects the company’s willingness to come to your door when your car’s in the shop or you’re ready to take a trip? You probably don’t think “largest rental car company in the United States” or “hires more college grads than any other company.” Both of those descriptions are true, however. The company started in St. Louis when Jack Taylor opened a tiny auto-leasing business and named it after the aircraft carrier on which he’d served. When the company transitioned to car rentals, it retained its downtown locations, focusing on leisure rentals and auto insurer referrals rather than the airport business travelers. This unique business model allowed it to grow beyond the notice of competitors like Hertz, which paid little attention to Enterprise until it began advertising nationally in 1989 with images of that car wrapped in brown paper, on its way to a customer pick up.…
What choices of assets and activities has Enterprise made in order to provide car rentals with the attributes you described in Question 1? In other words, what makes their particular car rental “product” possible and profitable? Pay particular attention to trade-offs.…
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.…
Enterprise Rent-A-Car is one of the largest car rental companies in North America. It specializes in providing customers temporary or a replacement vehicle.…
Enterprise Rent-A-Car is one of the largest car hire company in the world. The company has more than 7,000 locations in the United Kingdom, Germany, Ireland, and North America employing 74,000 people (Lafever-Ayer, 2013). Recently, the company decided to implement a diversity management system after realizing that diversity was an area of opportunity. The company recognized that diversity was missing from its upper leadership and took measures to address their…
Hertz’s two business segments presented large opportunities for operational improvement. The rental car business segment can be increased in revenue by having some logical strategies to change the key drivers such as the number of transactions, the length of each rental, revenue per rental day, and fleet utilization. The other business segment, equipment rental is inefficient use of capital. Compared to its competitors RSC and United Rentals, the return were expected to be 85% and 116%, respectively; HERC’s return was projected to be 70.5% only. Therefore, if the group can make some changes to help it improved, it can be a big value-creating opportunity.…
It's hard to believe that Avis/Hertz would be able to replicate Enterprise's success (at least in the near term) in the local car rental market. Given their current dominance in the market, relationships with auto shops/dealerships/insurance companies, and reservation system's direct interface with insurers, Enterprise is the most well positioned car rental company for discretionary and insurance repair/replacement rentals.…
Enterprise Rent-a-Car (Enterprise) is the largest rental car company in North America with more than 65,000 employees across five different countries. Enterprise is a big company that has the approach and feel of a small business. Its mission is to “fulfill the automotive and commercial truck rental, leasing, car sales and related needs of our customers and, in doing so, exceed their expectations for service, quality and value.” (Enterprise Rent-a-Car, 2007) Enterprise strategy to achieve and fulfill its mission started by Jack Taylor’s simple philosophy: “Take care of your customers and employees first, and profits will follow.”…
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.…
1. How has Enterprise Rent-A-Car (ERAC) defined its service differently than that of the typical national car rental company?…
Enterprise Rent-A-Car, the monopoly for car hire Enterprise - is the largest in North America, a company providing car rental. Monopoly Enterprise arose due to a combination of different factors: the company has been and is engaged in the provision of car hire are not tourists, and those who need to rent a car for as long as his own car is being repaired.…
Competition by large rental co.’s and niche car sharing co.’s– Zipcar faces intense competition from car sharing services introduced by large established rental car behemoths like Hertz, Enterprise, U-Haul etc. While Avis can provide infrastructure support to some extent in terms of expansion of car fleet, parking spots etc. Zipcar will have to make product/service enhancements to counter features like No Registration fees, one way rentals, Reward Points etc. Zipcar also faces competition from peer to peer services like Relayrides, Getaround etc. and service like car2go, which offer innovative, convenient and cost effective solution to meet car rental needs of consumers. These companies might pose a big challenge at a regional level…
We think that EBI uses the business unit strategy in 1990s. Business unit strategies is focused with how to create and maintain competitive advantage in each of the industries in which a company has chosen to participate. As we know that the mission of EBI is becoming the premiere source of knowledge. So, EBI do every way to extended it market. We could see from the tactics that EBI use like door to door, talking with individuals and families, persuading them to invest in EBI’s voluminous storehouse of knowledge. These ways successful to make many parents believe that if their children use this book, it will give many advantages. Here, EBI has the competitive advantage with their warm strategy, as we know customer will feel more valuable and being concerned when EBI come to talk directly to customer, asked them what they really needs, and guide them to shop and use EBI products. With this strategy, EBI pushes customer to know what EBI is, and once customer know and believe to the company, they will always choose to using EBI than any other brands. Moreover, EBI always try to make a new thing like entered a new digital age and continue with electronic age.…