Zipcar‚ which was recently bought for $500 million by Avis car rentals‚ is a start up that is in the business of selling the urban lifestyle of renting cars for short periods of time instead of owning a vehicle. The case evaluates how Zipcar has been able to gain the trust of its customers by being a green minded company with a strong set of values and benefits that will keep a customer. Zipcar took advantage of the fact that they had a place in a niche market‚ which allowed them to create a positive
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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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analyse KODAK case study Kodak’s Performance Today Kodak is in trouble: for the nine months ended 30 September 2005‚ Eastman Kodak’s revenues increased by only 3% to US$10.07bn and the net-loss from continuing operations totalled US$1.32bn‚ versus an income of US$139m.6 Last month‚ film sales for Kodak fell 37% for rolls and 13% in single-use cameras‚7 and despite similar shocks affecting the rest of the industry Kodak’s declines were the steepest – versus Fuji’s declines of 28% in roll and
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ZIPCAR CASE: Influencing customer behavior By offering car sharing‚ Zipcar offered a different way other than rental‚ car ownership or taking taxi with competitive advantage of low cost‚ service speed and convenience. Zipcar targets at people groups similar as car rental companies‚ specifically people who don’t want to own a car (hassle and cost)‚ need a second car or different car for different purpose‚ but in a more convenient and cheaper way. It provides low cost by cutting infrastructure and
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PACCOUNTING AND FINANCIAL ANALYSIS Zipcar is expanding rapidly since it was established in 2000. According to its latest 8-k form‚ for the 2012 first quarter‚ revenue increased 20% to $59.1 million compared to $49.1 million in the prior year period. Revenue growth resulted primarily from a 23% year-over-year increase in membership to more than 709‚000 members at quarter end. But does it really have a sustainable growth to support its expanding and operation? We implement a rough accounting and financial
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CASE STUDY: Merger of Zipcar and Avis Budget Group On January 2‚ 2013‚ Zipcar announced that it would be acquired by the Avis Budget Group. This merger may let staff members of both companies to feel uncertain and uncomfortable‚ especially of Zipcar and they feared that company was swallowed. Motivational problems related with finance were of major importance to employees of both companies and here too. The senior management and executive members of Zipcar company sought to gather and discuss
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Tzuo and K.V. Rao founded Zuora to address the need for billing efficiency. They are aware that there’s an increase in products being offered as a subscription service (i.e. Netflix offering a monthly subscription for a library of shows and movies‚ Zipcar offering a pay as-you-go utility that eliminates the need to buy cars etc). Their vision is to provide an e-commerce platform that provides a low-cost‚ state-of-the-art and highly efficient billing systems. Before the launch of their billing module
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Case #1. Zipcar: Refining The Business Model The objectives of this case: The Zipcar case was developed to permit students to closely track the development and evolution of a company’s business model in the very early stages of its life. The case describes the development of Zipcar‚ a car-sharing service located in Boston‚ but with national ambitions. The case includes the very first version of a financial model for the business‚ a version that was developed after significantly more research
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precio del producto. Observamos los siguientes: • El alquiler por días que ofrecen las empresas tradicionales de coches ( AVIS‚ HERTZ‚ EUROPCAR ) con tarifas diarias cada vez más bajas y flexibles suponen una amenaza al servicio ofrecido por Zipcar • En España ofrecen un servicio similar HERTZ con el servicio 3 – 6 – 9 y `Connect by Herzt’ A cualquier empresa de alquiler de coches le sería fácil ofrecer este servicio ya no existen barreras de entrada difíciles de superar. • El
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danger. Taking a risk could result a lot of positive outcomes‚ and it can be very profitable. According to co - founder of Zipcar company Robin Chase‚ " Taking professional and entrepreneurial risks is quite profitable . My decision at age 23 to illegally slip into Kenya from Tanzania was a greater risk than launching Zipcar with just $78 in my bank account. Today Zipcar has 350‚000 members using 6‚500 cars." Taking real risk also requires freedom in our expectations and fears. Not all people can
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