1. Introduction
In recent years, a rapid increase of offers in the field of carsharing is observed. Carsharing is the organized community use of one or more automobiles. It allows unlike conventional car rentals a short time, even minutes-wise rental of an automobile. Already in the 1960s concepts of carsharing in connection with studies on future, computerized traffic control have been originated. The 1980s can be described as a turning point, as several smaller carsharing projects originated for example in Switzerland and in Germany. Since the 1990s, these and other projects such as the City Car Club in UK experienced a significant growth. A study of a consulting agency anticipated a growth to ten billion Euros in the global market for carsharing
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DriveNow is a joint venture of the automobile manufacturer BMW Group and the car rental company Sixt SE. The carsharing provider was founded in Munich, Germany in 2011 and now offers its services in four other German cities, as well as in London, Vienna, Copenhagen and Stockholm. In 2014, DriveNow was the carsharing operator with most customers in Germany (Book and Fasse, 2014) and had 500,000 customers worldwide for the first time in 2015 (Lilly, 2015). The service has promptly announced an enhanced international expansion. Accordingly, DriveNow wants to start operations in ten North American cities, as well as in up to 15 European cities. In the past, DriveNow was already operating in San Francisco, California until the service had to retreat again due to strict regulations of San Francisco’s municipality (Knauer, …show more content…
In this environment companies must find increasingly new ways to survive and to stand out. According to Paprika (2011), “there are some important organisational trends that can be observed: the need to reduce time-to-market, the need to globalise businesses, and the need to explore both external and internal data continuously and constantly”. Based on these trends, the need to support managers making better business decisions can be emphasised.
Decision making can be defined as an identification process and problem resolution (Draft, 1986). Researchers present three common main phases of the decision making process: the intelligence phase, the conception phase, and the selection phase (Adam, 2012). To understand the relationship of knowledge management to each of these phases, it is firstly important to have a look at three different knowledge management strategies (KMS). These are the Personalization KMS, the Socialization KMS, and the Technological KMS. The Personalization KMS is designed for the emergence of knowledge where the knowledge is closely tied to the individual who developed it (Hansen et al., 1999). The Socialization KMS combines both Technological and Personalization KMS and is designed to exchange and to pool knowledge. Finally, the Technological KMS is designed for
After receiving the member card, people can use car sharing service from anywhere on the street, then leave it in the operating area on any streets after usage. Member has access to the system 24hours per day. Car companies can earn money by charging pay-by-use rates based on the driving time or mileage. Car sharing has different basic proposition from car rentals,
This is what is meant by urbanization. A shift towards a smarter and user friendly solution to already existing problems. With stricter CO2 emission laws and increasing user comfort there is a need of urbanization by shifting towards light weight and easy to operate means of transportation. The automatization and using user friendly software’s, fast data networks further adds to the list. This could be a very vital challenge for Volkswagen since peers are well aware of this fact and are keeping technology and innovation well upgraded to be in
There are clear benefits to leasing a vehicle over purchasing one. While car dealerships might tout the benefits of car ownership, there are some real downsides to owning a car versus leasing one. Ownership of the Vehicle This could be an advantage or disadvantage depending on your outlook. While a leased car doesn't belong to you, you're also not responsible for the maintenance and repairs on it. As soon as there is a rattle in the engine or a problem with a tire, you don't have to dig in your wallet for the repair costs.
Enterprise Rent-A-Car was created in 1957 by founder, Jack Taylor. Enterprise started with only seven rental cars. It has now expanded to the largest car-rental service in the U.S. with over 68,000 employees in 2012. The company has been managed by three family generations and is currently the leading car-rental service in the country. Enterprise has over 6,000 locations spanning across the U.S., Canada, Germany, Ireland, and the UK.
Changes within the internal and external environment is important for managers within organisations to pay close attention too, as these factors influence how managers conduct managerial plans. “Managerial planning is the process of assessing an organisation 's goals and creating a realistic, detailed plan of action for meeting those goals.” (“McQuerrey”, n.d, para 1.) The way in which organisations respond to changes within their environment is by creating and evaluating a strategic management plan. This essay will discuss that resistance to change and the failure to capitalize on the benefits of a strategic management plan result in managerial plans more likely redundant due to changes in the environment. However, an effective
Introduction With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of knowledge management methods, companies can achieve a competitive advantage by managing the immense amount of information available (Balanced Scorecard Institute, 2002).
Managers should be ready to teach the importance of decision-making skills and reinforcing organizational policy. Avoiding hasty, careless decisions, which can have devastating results on the manager's unit or the entire organization. Decisions made with forethought, using the many managerial tools available will lead to better and more profitable operatio...
Management will continue to encounter new challenges that require problem solving and decision-making strategies. Some problems may be easily resolved while others could take much longer depending on the complexity of the problem. In order for management to make effective decisions and achieve success for their businesses, the decision makers need to have adequate knowledge of the situation, critical thinking and excellent communication skills, and a sophisticated approach for tackling problems. Every business should have a systematic approach for solving problems and making decisions. Without one, decision making would be insufficient and businesses would be unproductive.
Hansen M., Nohria N., and Tierney T. (1999), “What’s your Strategy for Managing Knowledge?,” Harvard Business Review (March 1999), 106–16.
Most cities with a lot of job activity have problems with parking space. With the company-based carpooling, the company can launch the incentive towards their organization through maximizing use of employee parking. Companies have to build expensive
Managerial decisions are an important component in achieving the objectives of the organization. The success or failure of a business depend upon the decisions made by managers (Jurina, 2011). Today’s increasing complexity in the world of business brought forth greater challenges for both the firm and its managers. The rapid rate of technological and digital advance as well as greater focus product innovation and processes that influence marketing and sales techniques have contributed to the increasing complexity in the business environment.
This is a crucial part of a strategic analysis because ‘…organisations do not exist in a vacuum, they are part of a complex world’ (Bowman 1987:61) and many factors can influence operations, beneficially and unfavourably. However, these can be difficult to comprehend due to their complexity, diversity and fast changing nature. Necessarily a number of techniques have been developed to facilitate the process and to ‘…contribute to answering the key managerial question…’of what ‘…opportunities and threats might arise in the future’ (Johnson & Scholes 2002:99).
The one way to increase the congestion is through ride-sharing and a new MIT study advised
It all starts when I was watching the ad on TV for the car I always dreamed of, a BMW 528 x drive. The offer was so attractive given that the monthly payments shown were actually within my budget. Though the ad mentioned leasing not selling, therefor I need to know: what is car leasing? How the process works? How it is different than buying? Should I lease or buy my next car? How should I prepare for the lease? What is the deal I am looking for? How to negotiate a good deal? What are the after deal obligations? What are my lease end term options? And what happen if I decided to end the contract before the end of the lease term?
Globalization and economic slowdown has made businesses subject to a great deal of uncertainty. In this time of rapid change, economies worldwide change rapidly, new markets open up and old ones change, and demand for products is often uncertain. As such, businesses must be flexible and adaptable in the types of methods that they use...