IMAGINE YOU ARE COPYING THE FOUNDER OF THE "HERTZ" CAR RENTAL AGENCY WITH 12 MODEL T FORD CARS AND NOW OWN A MULTI-BILLION DOLLAR GLOBAL COMPANY | CAN YOU DO THE SAME THING WITH MOTORCOACHES? WHAT MOTORCOACH WOULD YOU BUY? WHAT COULD THE ADVANTAGE OF RENTING THEM FOR CONSUMERS?
WRITE 250 WORDS MINIMUM IN AN ESSAY FORMAT OF INTRODUCTION, BODY AND CONCLUSION (WHEN YOU POST IT ON SCHOOLOGY IT ALL COMES AS ONE PARAGRAPH, ALL GOOD!)
Introduction : The Hertz organization is equivalent with renting
a car, and you may have most likely utilized their services or if
nothing else found out about them on the off chance that you have
done some type of voyaging. The Hertz organization was begun in
1918 by a youthful Chicago businessman by the name of Walter Jacobs
with twelve Model T Fords, the first name of the organization is
Rent-a-Car Inc. His business thought was a result of the need that
voyaging sales reps at the time had for cars while going on
significant distances to make deals calls. The business immediately
created and by 1923, the armada of vehicles claimed by Jacobs was
at 600, and the organization was producing over a million dollars
in income! The organization was bought by John Hertz in 1923, and
this is the way the amazing name Hertz appeared. Hertz has
experienced enormous development and extension over its 100 years
of activity and now has an aggregate of 9700 areas in 150 nations,
utilizing more than 37000 individuals, it is the second biggest car
rental organization on the planet by income age and number of
areas. We will look at reasons why Hertz has been so fruitful in
the car rental business over the globe.
We can replicate the Hertz Model to apply in the Motor coached
business by adoption 2 key things that made Hertz successful.
Innovation and Franchising
Like Hertz we will deploy franchiseing opportunity. The
Motorcoaches rental industry is involved neighborhood and
provincial organizations, there's no national bus services co
either in the US or in Canada as of now. This is a great
opportunity. Most charter bus organizations demand a deposit to
book charters. This deposit is by and large around 22%, yet in the
current monetary condition, many charter bus organizations or
mentioning 100% in advance. In the USA, drivers are not allowed to
drive for over ten hours following eight-hours off the clock. Local
coaches are commonly charged continuously. Longer, out-of-state
trips are regularly charged per mile and normal in excess of 275
miles for each day. We will use the similar Franchising and
Innovation like what Hertz did in its early days. We will offer
chances to savvy business individuals and grow franchisees
everywhere throughout the US. The Hertz organization has
additionally utilized innovation as a development technique. They
have utilized innovation alongside social patterns to offer all the
more satisfying car rental encounters to existing customers and
furthermore to draw in new demographic. One such innovation was the
acquaintance of Satellite radio with its rental armada in the year
2000, giving customers an all the more energizing amusement
experience. We will similary use today’s most advanced technologies
like AI for customer service and satisfaction.
In closing, the Hertz Company has made due for a 100 years since it
has fashioned vital organizations, while been on the cusp of
innovation and reacting to changes in showcase request in the
dynamic car rental business throughout the years. Using same
principles we can do it in Motorcoaches Industry.
IMAGINE YOU ARE COPYING THE FOUNDER OF THE "HERTZ" CAR RENTAL AGENCY WITH 12 MODEL T...
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4. Perform a SWOT analysis for Fitbit. Based on your
assessment of these, what are some strategic options for Fitbit
going forward?
5. Analyze the company’s financial performance. Do trends
suggest that Fitbit’s strategy is working?
6.What recommendations would you make to Fitbit management to
address the most important strategic issues facing the
company?
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