This website was the first online service provided for buyers to shop for cars online so that they do not have to deal with the problems and hassles that arises that traditional buyers would usually deal with when they are at the dealership. Some of the cost and benefits to consumers of the Autobytel system at the time of the case were that they were hassle free compared to going into the dealership, they were good for beginnings, they offer financing and loyalty programs. This is good for beginner buyers because they are able to look at car pictures for every make and model with the specifications and pricing information. After they figure out what car they are looking for, they receive more information about the car they selected. They are also able to customize their car with possible features the car model offers.
This would also help improve the company’s inventory turnover ratio from 4.7 to the industry average of 6.1. The firm’s debt ratio anticipation of 44.17% is better than the market average and will allow the company to pay down its debt quicker than competitors and have more cash on hand. The extra cash on hand provides more liquidity and is attractive to potential investors. However, these numbers are based on high projections. If such numbers are not reached the company is considered underperforming and makes an unattractive appeal to investors.
Case Study 1: The Big Data Challenges CIS 500 April 27, 2014 Today’s technologies are well enhanced and can give car industries competitive edge versus those who are reluctant to changes. Volvo Car Corporation is one of the car industry’s most-recognized brands, with a long and proud history of world-leading innovations. At Volvo, passengers and drivers come first, and the company takes human-centered design seriously, always striving to develop some of the safest cars on the road. The company sells approximately 400,000 cars each year across the globe (Microsoft 2011). This paper describes the success that Volvo has with implementing data infrastructure and how it adds value to the company.
Their main motive is to give the full comfort to their client and that too in a half cost means if someone have a car and they have to complete their office work while they want to drive then they can call idriveyourcar.com for the chauffeur service by which one can complete their office work and can reach office on time also. Idriveyourcar.com provides the best services to their customer. From day one they only concentrated on bringing up the best drivers, with excellent safety records on road and with the great personality. Their recruiting, training, controlling process are so good that they lead their drivers to do the same thing which they had learnt in training. Idriveyourcar.com concentrates on great customer service Representative and drivers which finally gives them a great success.
Threat of the new entrants: Industry with higher returns would attract many new entrants which would increase the competition and reduce the profitability of existing players. In this sector margins were very high with Calyx &
Customers prefer “more-for-more”, and they believe they can get premium products with a premium price. In addition, Snap-on has a program of selling to mechanics on credit with weekly time payments. The aim of this program is to increase sales and profit. With the credit program, buyers can buy a lot even if they don’t have enough money at that time. Facts proved that this program really increase its sales and earn customers’ loyalty.
The users of Zipcar, can get a new car, without be aware of insurance, gasoline. Zipcar main goal is to provide cars in a very attractive and accessible price, to people. Any user can access thru apps, internet, phone, etc. This situation make very accessible the introduction and involvement into the company, once you get in and prove it, is very difficult, almost impossible to change of provider of this kind of service. Zip Car was intended to build a real and long- term growth potential.
The used car market provide a chance to link this two generation together – “baby boomers” can sell their used cars to “echo boomers”. In this situation, “echo boomers” can get their cars with prices that are more affordable, and “baby boomers” can earn money after retiring and also buy another cars for themselves to drive -- they might want to change cars with a lower price too. In this way, the used car can easily bring “baby boomers” and “echo boomers” together. What’s more, the large demand in this second-hand car market can drive the equilibrium price rise, and my business can make profits from
Another possible advantage of privatisation is an increase in competition as the privatisation of state owned monopolies usually occurs at the same time as deregulation of the industry. The increase in competition can be the greatest incentive to improvements in efficiency. For example, there is now more competition in the telecom industry and suppliers are now investing in fibre-optic technology and improving the infrastructure via capital investment. However, privatisation doesn’t necessarily increase the level of competition; it depends on the market structure. For example there is currently no competition in tap water, however this is a widely debated area and we could see a change to this soon and
* A business should focus on increasing strategic advantages. Back then, the main goal of a business was to make a good profit, but today in addition to making a profit, companies pay more attention on ‘time to market’. Project management helps in shortening the product life cycle which makes it an important force of modern business. A product life cycle of 10 to 15 years those days has been compressed to a life cycle of 1 to 3 years. It is said that a delay of 6 months in a project can cause a loss of 33% in product revenue share.