Summary Zipcar‚ a self-service car company with the largest active membership base of any car-sharing service in the United States‚ is facing a problem with the availability of the vehicle at appropriate time. This situation arises when the customer failed to return its car on time and the next customer is waiting at the parking spot with no car to drive despite following proper procedure in reserving a car online. I have determined that I must investigate and reach recommendation as to what business
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Part I Before we begin… 1. Labels are identifications and NOT chronological periods of time!!!! 2. DBQ MUST use DOCUMENTS!!! (it’s called a document based question for a reason) 3. DO NOT simply summarize the documents they must prove a point! Bad sentences 1. 2. 3. 4. 5. 6. “Everyone in Europe was into religion”… “All were poor and uneducated”… “There was no economy”… “There was no government”… Any sentence with the word “stuff” Any sentence with the word “things” Keep it short and sweet
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[Case: Zipcar] Zipcar’s SWOT and financial analysis a) Strengths Firstly‚ Zipcar seized 80% of US market share‚ making it the strong player in the market. Secondly‚ as the company is able to acquire its competitors (Flexcar-US‚ Streetcar Ltd-UK)‚ they can reduce the competitors as well as gain those market shares and customer bases from those 2 companies. Thirdly‚ Zipcar’s customer-friendly and disruptive business model is what makes it unique. They leverages accessibility‚ make it available close
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Zipcar: Refining the Business Model Zipcar is attractive to the investors because it has a good business model. There are 9 building blocks for a successful business model: Customer Segments. Zipcar targets at the people who do not want to own a car but occasionally wants the convenience to use a car in the urban locations‚ where there is a dense base of potential users‚ parking was expensive‚ and the need to drive is limited. In Unite States‚ this market is large and virtually untouched. Value
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between the VC and entrepreneur” (Lim & Cu‚ 2010‚ p. 5). Through secondary research Lim & Cu (2010) found that members of a social network face social obligation and therefore abstain braking rules and norms and taking advantage of the existing ties to the detriment of the other network members‚ as this would lead to sanctions and might destroy the value from future transactions (p. 5). Affiliates linked through direct (also called strong) ties‚ face particularly strong social obligation. In
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Zipcar executive summary As the traffic problem getting more serious in dense cities these days‚ more people tend to use public transportation systems instead of private cars. However‚ people are also need to drive to destinations for some reason occasionally. So‚ Zipcar targeted on this market in urban areas‚ and obviously‚ this market is potentially large and relatively untouched in US. The high parking expenses and limited drive needs in cities are the points to attract customers. Unlike other
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Hunt 4/3/2014 MGMT 452 Case Study: Zipcar Assignment Questions 1. Evaluate this potential venture and the progress that Chase has made. The potential of Zipcar exceeded the expectations of the owners Chase and Danielson in many factors. Their goal of creating this urban-style car borrowing system gave new light to the ideas of what options urban populations see in commute. The initial idea needed to be sized properly and growth was a big factor in terms of how fast they could get their cars on
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What exactly is sustainability? The term “sustainability” has gotten a growing amount of usage recently‚ in the media‚ business‚ and general communities. Increased exposure to the term‚ however‚ has not necessarily correlated with increased consistency of understanding of exactly what sustainability is‚ or what it means in today’s context. In fact‚ the rapidly widening usage of the term may be contributing to greater confusion about it‚ as the increased usage results in more people bringing
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(1) What Zipcar is • Car sharing company. • Offer of a service to the registered members that allows them to move around the city in a smarter and easier way. • The value for the members is the possibility of benefit the usage of a car without all the problems correlated to the possession. • New concept in the U.S. serving a new market niche‚ the urban‚ car-less residents. • Based on a successful model launched in Europe and adopted to the local context. ELEVATOR PITCH (2) What we do • •
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Based on Criteria’s of Evaluating Venture Opportunities there are several key indicators that shows that Zipcar is indeed a high potential venture. Below are the criteria in brief 1.0 Industry & Market Market: The revolutionary concept certainly provides an alternative to public transport. Furthermore the car sharing concept is really useful for the public in a overcrowded city with limited parking & expensive parking fees. This is clearly not an untouched segment because there are other 2 competitors
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