When most people think of car rentals firms, the names of Hertz and Avis usually comes to mind. But in the last few years, Enterprise Rent-A-Car has overtaken both these industry giants and today it stands as both the largest and the most profitable business in the car rental industry. In 2001,for instance the firm had sales in excess of $6.3 bn and employed over 50,000 people.…
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.”…
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.…
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.…
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.…
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.…
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, 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.…
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.…
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…
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.…
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.…
Enterprise has become the largest rent-a-car company in the United States by targeting the local replacement market and maintaining a laser-like focus on customer service and satisfaction.…
The car renting industry in US is a $24 billion industry dominated by 4 big players, Enterprise, Hertz, AVIS and Olympic with the following market revenue shares: Enterprise is the dominant player with 50% share ($12 billion) followed by Hertz with 24%, AVIS with 14%, Olympic with 7% and the other 5% are shared by smaller players.…
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).…