Week Three Learning Team Reflection Hrm/531

753 Words4 Pages
Week Three Learning Team Reflection HRM/531 The best strategy awareness of the competition by comparing to other limousines services through information provided by a peer group analysis. A peer group analysis is important for providing investment research and market positioning. The company’s business strategy is incomplete until it is well aware of its competition (Creating Value in Multimedia). The peer groups are similar companies that will be future competition. Using a three-step process of analyzing other limousine services will equip Landslide Limousine services with strategies to succeed beyond the competition. 1. Identify the model of similar companies because Landslide wants to be sure to offer no less than limousine service identical to them. 2. Analysis relevant standards as a strategy to stay ahead of the competition by being aware of their challenges 3. Learn from the competition for success by being aware of the best service by putting together a list of specific measures provided by each limousine service. The job market varies from city to city. Knowing the specifics of the job market of the city will be beneficial to help know if the company will fit. According to Austin, Texas job market, "Austin is ranked #1 for jobs as of 2013 with an unemployment rate in August 2013 as 5.5%." Since, Austin is the capital of Texas with many tourists and tourist attractions. Furthermore, besides the government aspect for Texas, Austin has an opportunity for private transportation. A limousine service would be beneficial for marriages and proms. Also, Austin is known as "the music capital, most celebrated college town, film and literary outpost, and high-tech center," according to Farrell (2000). Clients could be established grow from businesses such as these. The autonomy and prosperity for a new limousine business would well establish in

More about Week Three Learning Team Reflection Hrm/531

Open Document