Created by: The 4 P’s Jessica Burg Alice Popescu Ranjita Shetty Ritesh Maskay Project Summary Car sharing is an economical and eco-friendly mode of transportation that is designed to fulfill a just-in-time need for personal access to passenger cars. This transportation network encourages people to be socially and environmentally responsible by minimizing private vehicle ownership. Car sharing started gaining popularity in the early 1990s in Europe. Today‚ such fleet of automobiles operates
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Karl Held Laura Gallas Ben Midthun Riley Eichhorn Zipcar: Refining the Business Model The idea for Zipcar began in 1999 when Antje Danielson approached Robin Chase with her new idea for a start up – car sharing. Danielson had observed the concept of car sharing on a vacation in Germany‚ which she noted was a trend throughout Europe. Chase agreed to partner with Danielson and they began to develop their business plan and to seek funding for it. The entrepreneurial opportunity is definitely
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Zipcar: Refining The Business Model Who: Robin Chase‚ CEO and Co-Founder of Zipcar Immediate Issue/Problem Being Faced: Zipcar needs additional funding if it hopes to survive and expand. In order to gain additional funding they would have to bring in there best arguements to why they should be funded by outside investors. On pages 1 and 11 it states that Chase needs to work on a pitch that will get investors to invest. In other words‚ she needs to look at revising the current business model so investors
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Borrowed Car‚ Inc: Zipcar Watch Out Car Sharing & Opportunities for Growth Zipcar‚ Inc. is an entrepreneurial venture started in 1999 and was incorporated in the year 2000 by founders Robin Chase and Antje Danielson. The Zipcar business model is a sophisticated form of car sharing that was innovative for the time. Yet‚ it is important to note that this form of company is not the first of its kind. This would be a potential business to model our business after. Our goal is to create a smart economical
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According to the actual data of operation in September‚ the business model and especially the financial plan seemed to work well in practice as the numbers reflect as planned and even better. In term of new members‚ the month of September has exceeded the planned number of 440 new members during the first year with a total of 101 new members registering in only 1 month. However‚ this number is very likely to go down in the following months as September was just the second month of operation. Some
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Sociocultural Carsharing or car sharing is a model of car rental where people rent cars for short periods of time‚ often by the hour. They are attractive to customers who make only occasional use of a vehicle‚ as well as others who would like occasional access to a vehicle of a different type than they use day-to-day. Carsharing contributes to sustainable transport because it is a less car intensive means of urban transport‚ and according to The Economist‚ carsharing can reduce car ownership at an estimated
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positive signal that Zipcar did its best to increase its profitability‚ and It implies a possibility that Zipcar may achieve other analyst’ estimated 2 million net incomes at the end of FY 2012. ESTIMATED GROWTH AND FORECAST Since Zipcar’s core business is providing
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Financial Management I subject’s lecturer. We have been given the chance to brainstorm on an idea to start a business and produce a complete business plan. Despite of the obstacles and difficulties we faced throughout the planning stage‚ we are very grateful and thankful as this project had really make us to think with creativity and innovatively in order to create a totally new and convincing business plan. In the beginning‚ we had a good kick start. Our ideas flown in like a river stream and we had
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perfect answer for customers who wanted to rent a car for a few hours in their home city: - ZIPCAR value proposition - - Zipcar cost was cheaper than owning a car Convenience achieved by automation ( online booking‚ data transmission between car an system) ZIPCAR encourage use of public transport Eco Friendly ZIPCAR business model Customer relationshi p Car leasing Key components of ZIPCAR business model: - Car parking Value proposition Distribution
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Refining Solutions Kelly Barnes PHL/458 Leatrice Phares July 22‚ 2013 Refining Solutions When a problem presents itself to a person‚ they need to create solutions for that problem. When a person refines their solutions‚ they are making good ideas even better. Basically‚ it is making the results of their creative thinking more effective‚ workable‚ and attractive. This stage is also about finding flaws and complications in the solutions and improving their ideas (Ruggiero‚ V. 2009). Original
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