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Contents Introduction.................................................................................................................................................3 Green Share car core brand values mainly include the following:...........................................................3 Buyer Behavior........................................................................................................................................3 Micro Environmental factors- Porter Five Forces........................................................................................3 Macro Environmental Factors- PESTLE Analysis......................................................................................5 SWOT Analysis...........................................................................................................................................7 Strengths..................................................................................................................................................7 Weakness.................................................................................................................................................7 Opportunities...........................................................................................................................................8 Threats.....................................................................................................................................................8 References...................................................................................................................................................9
Introduction Green share car is a self-drive car rental company. It was founded it 2010 and its headquarters is in Coburg, Victoria. Its estimated annual revenue is $2.5 million. The value proposition by the Green share car company is that they provide 24*7 availability services to their clients with the live tracking system (Payne, Frow, & Eggert, 2017). Green Share car core brand values mainly include the following: "We're fascinated with consumer service and we're working relentlessly to win the confidence and trust of our clients by fixing challenges, increasing their income or lowering their costs. We construct worldwide, we stay locally. Our regional operations leverage our strength and scope to link directly every day to the communities, towns, drivers and passengers we represent. The company is very honest with its team members and clients. It shares relevant information with its clients. Moreover, it pays regular attention towards customers’ satisfaction and their security (Nickerson et al., 2017). Buyer Behavior It is a rational consumer and its behavior depends on circumstances or needs. This can be a group or an individual of customers to determine or identify a product. It aids a lot in identifying the customer needs and though process while selecting a product. The company implements some strategies to deal with the customer needs. First, company studies the market and minds of customers. Then plan the strategies (Trinh, Romaniuk, & Tanusondjaja, 2016). Micro Environmental factors- Porter Five Forces Threat of New Entrants:Green share cars aims at building a link between consumers and transportation services in a technical sense. The business needs a large volume of start-up money, and although Green share car founder owns a significant amount of capital, emerging competitorsareleveragingsmallerstart-upcapitaltogetofftheroadrapidly.Beinga
technology-based service provider, Green share cars cannot effectively resist any other transport company's imitation. This implies that it is easy not only to work in the same basis as Green share cars, but also to bill for the same route, to imitate a model from other ride-sharing services and other rivals (Ranjbari, Esfandabadi, & Scagnelli, 2019). Threat of substitutes:A replacer is a well-known concern in a dynamic corporate environment. Many member organizations are able to quickly replace Green share services in the transport industry. For the level of service Green share car delivers, for example ride sharing system is the nearest competitor and likely replacement to mainstream transport. The cost-effectiveness, reliability and consumer friendly architecture of car sharing or car rental service to cities are classic (Perboli et al., 2018) Supplier Bargaining Power:The availability of drivers is one of the leading suppliers in the transport business. Green share cars do not operate a fleet truck. The economic strategy of the firm thus, relies primarily on drivers who own vehicles. Unfortunately, because of the strict criteria for Green share the availability of this community of vendors to operate with the Green share Community is not that large. Green share uses a subcontracting strategy to deal with people who meet their application's terms of service. The alternative between the company and competitors is always hard to substitute individual drivers (Fabbri, & Klapper, 2016). Buyer Bargaining Power:Over recent years, the number of private vehicles has grown tremendously and although parking issues have been more extreme than ever before, people have not been discouraged from finding the prestige of a vehicle. For an option, Green share car services are in limited demand. Despite these conditions, the bargaining influence of the buyer reduced the company's profits, thus increasing the business as an economic force (Sminia, 2017). Rivalry between competitors:Green share car has a deep-rooted operating structure and significant expenditure in technology. This is effectively a business blazer but the ability of the organization is constrained by minor variation techniques. Competition, despite Green share car’s dominance, is a diminishing factor. In reality, Green share car is a powerful force in the car home market. Nevertheless, the creative tactics must be strengthened to maintain a strategic advantage (Kilduff et al., 2016)
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Macro Environmental Factors- PESTLE Analysis Political Factor:There are quite various political factors that can change company profitability or survival chances. The political risks differ from sudden changes in current political systems to civil unrest to major government decisions. The various factors are as follows: Legislation enacted by the government, in particular in regards to company, such as contract law, as it governs what car share is able to do and cannot do. For example, some nations prohibit alcohol or have necessities that must be met, whereas costly regulatory pressures prevent enterprises in other public structures. In fact, government debates have taken place about the taxi industry's minimum wage rules and whether Green share cars comply with them. The law still includes business permits, which Green share cars would provide (Reinhardt et al., 2017). Economic Factors:These are those external indicatorswhich contribute to Green share economy, including inflation shift, the currency exchange rate, the interest rate, the gross national product and the business cycle at present. The factors are as follows: The country's GDP development rate would impact the pace at which Green share cars is projected to rise in the immediate future. The country's attention levels will manipulate how many people choose to borrow and spend. High prices will contribute to further spending that would accelerate Green share car’s growth. An increase unemployment rate in the world means that there is more labor than need, which implies that workers are able to work at a lower salary that will minimize Green share car’s costs (Te, & Lianghua, 2019). Social Factor:The social factors that influence Green share cars are a straightforward reflection of Green share cars society and include culture, belief, personality and standards that are held in the bulk of the people. In addition to the organizational dimension of Green share cars, the influence of social media is critical for its marketing element. The factors which can impact Green share are as follows:
The distribution of groups around the society is crucial: if the volume of the public is a lower class, Green share cars might not sell a luxury commodity for the universal public, but rather required to concentrate on other specific ads. In certain ways, the gaps between advertisers and the target audience in education history will render it challenging to accurately connect and draw on the target group. Green share cars will insure that the connection with the wishes and preferences of the goal audience is not missed (Joo, 2017). Technological Factor:In an incredibly small period of time machinery can easily destroy an industry's market formation and competitive environment. In order to increase potential revenues and be the industry leaders, it is also very important to constantly and reliably evolve, but as well as to avoid obsolescence in the instant coming opportunity. Therefore, there are some following points which the impact of technology: The influence of the technology on prices is that many companies expect to dramatically rise or increased the income arising from the industry. With significant quantities, these gains will be reinvested in the research and engineering sector, which would also boost income of new technology developments, creating long-term, sustainable revenues. If Green share car comes with a revolutionary scheme or service that is more common in the market, the degree of acceptance and the pace at which it rises and distorts the competitor’s turnover must be controlled. This will result in the pressure required either to suit technical features or to consider a creative solution for the appropriate answer to innovation (Sminia, 2017). Legal Factor:The policy structures and systems in a nation are therefore legitimate and thus can be included while doing PESTLE reviews as Green share car regulations are also not enough to secure Green share and his staff effectively. The factors as follows: As stated previously, intellectual assets legislation and other safety regulations are in order to safeguard the inventions and patents of businesses that promote from the knowledge alone. If the data has been lost, Green Share card would lack its strategic advantage and be extremely likely to struggle.
Government law on prejudice is set in motion in order to safeguard workers, and to allow for fair rights and equality for those in Green Share cars regardless of class, age, disability, race, sexuality or sexual preference (Nickerson et al., 2017). Environmental Factors:each industry has its own level of environmental security to deal with the environment factors. There are some of the following environmental factors are as follows: Green share cars capacity to control both the capital and the ended result can have major implications for the existing climate conditions. In addition, in case of an unforeseen monsoon, that will impact production dates of the finished product. Industries generating vast amounts of waste can have to control their ecological practices by regulation. That could entail emissions penalties and limits, which might bring Green share under financial pressure (Guo, Liu, & Cai, (2016, August). SWOT Analysis Strengths Green share vehicles make the market concept customer-friendly and constructive. First, it leverages mobility, providing customers with exposure to vehicles and requires access to a ride— solving one of the most significant sore points of car renting. Second, the organization gives a true freedom to its customers to use a car as needed. Over the last year, green share car saw its top line of strong double digit growth. The utilization and rise in participation aims to do that. Green share cars has definitely over time expanded attendance, but has always done a strong job of maintaining customers (Reinhardt et al., 2017). Weakness Green share cars need to make urgent expenditure in automobiles each time, it wants to reach a new sector. The company's efforts to grow its footprint in cities such as London and Barcelona would result in high costs-which in the near term would affect the company's competitiveness.
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Opportunities The penetration of Green share car is not that strong, there is a major market that is waiting for it to be reached. Green share car would now focus on emerging European markets like Spain, as well as developing in the home sector. Considering the economic challenges on Europe's economies, people could catch up very easily to the notion of car sharing. At home, rising gasoline prices and a gradual recovery are also advantageous because consumers switch to car sharing instead of purchasing new vehicles to save precious dollars (Bignami, & Rogel, 2017). Threats Certain car rental firms including zoom car and Avis with big footprints in the car industry creates a huge challenge to Green share car’s company. These businesses might theoretically take a chunk from Green share car's top line while joining the car-sharing market. As the prices for gasoline escalate, citizens can turn to Green share car, which would also squeeze the still overflowing margins for Green share car (Gürel, & Tat, 2017). Conclusion The above report can be summarized that car sharing facility is very innovative technique to control cost, wasteful spending, pollution etc. Therefore, there are number of companies across the globe that provides this facility and Green share is one of them. Green share cars are environmental friendly and reasonable. The company always try to be more innovative then their past performances. The company has many competitors in the market and due to that reason Green share works hard to give tough competition. They use porter five forces to determine the micro environmental factor and then deal with them. Moreover, Green Share Car Company is more focusing on their weaknesses to improve it for better future.
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