FILE: Business & Finance Verified Expert Solution

Case study

Problem Statement / Requirements:

Case Study – Silvercar Renting a car at the airport has, for many, become an unpleasant experience. After a long day (or night) of navigating airports and flight delays, the weary traveler must trudge or take a bus to a rental counter, wait in a line, and finally be greeted with a selection of choices: which type of car, what insurance options, prepaid fuel or refill on the way back to the airport, which navigation aids, and so on. Frequent travelers can make this process less burdensome by selecting choices in advance, but the likelihood that a chosen car model will be unavailable is still high. Although car-sharing services, such as Zipcar, and chauffeur services, such as Lyft and Uber, have used Internet technologies as a key element from their beginnings, most car rental companies have made limited use of those technologies as an add-on to their core airport-based operations. In 2012, the launch of Silvercar airport rental cars was intended to change that. From its original operation in Austin, Silvercar had grown to 10 airport locations by 2015 with plans to add a new location every few months. Billing itself as the “first hassle-free car rental company,” Silvercar designed its workflow to minimize the time customers would spend dealing with the airport car rental experience. Silvercar customers must download the company’s mobile app to their phones or tablet devices to make a reservation. The reservation includes insurance options, but there is no need to select a car type or option since all Silvercar vehicles are identically equipped Audi A4 sedans that are painted silver, of course. Once they arrive at the airport, customers receive a text that directs them to either pick up their car at the curb, delivered by a Silvercar employee, or to a nearby lot. The app includes a scan code that unlocks the car. The app reminds the customer when it is time to return the vehicle and provides directions through the app and on the car’s built-in GPS system. If the customer is unable to return the car with a full fuel tank, Silvercar will fill it at the prevailing local price plus a $5 refueling charge. The company has established rental rates that are competitive in each location with other companies’ rates for midsize sedans. The rentals include additional drivers and roadside assistance. The equipment included with each car includes GPS, Wi-Fi, satellite radio, and a toll-tracking system that charges the customer automatically for the exact amount of tolls incurred (most rental car companies charge a daily rental fee for a toll transponder in addition to the toll amounts). Your assignment this week is to assume you are the Customer Experience Manager at an established rental car company and have been asked to prepare a report to your Board of Directors that summarizes the competitive threats presented to your business by Silvercar’s and outline specific actions you believe your company can take to reduce those threats. Many rental car companies in the past have promoted their services by highlighting the helpfulness and friendliness of their employees, assess the role and importance of employee characteristics such as helpfulness in Silvercar’s business process design. In your report, include your recommendations of the website technologies that you think your company should offer to create an engaging, user-friendly, and efficient customer experience. The following requirements must be met: ·  Write between 1,000 – 1,500 words using Microsoft Word in APA style. ·  Use an appropriate number of references to support your position, and defend your arguments. The following are examples of primary and secondary sources that may be used, and non-credible and opinion based sources that may not be used. o  Primary sources such as government websites (United States Department of Labor - Bureau of Labor Statistics, United States Census Bureau, The World Bank), peer reviewed and scholarly journals in EBSCOhost (Grantham University Online Library) and Google Scholar. o  Secondary and credible sources such as CNN Money, The Wall Street Journal, trade journals, and publications in EBSCOhost (Grantham University Online Library). o  Non-credible and opinion based sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. should not be used. ·  Cite all reference material (data, dates, graphs, quotes, paraphrased statements, information, etc.) in the paper and list each source on a reference page using APA style. APA resources and a template are provided in the Supplemental Materials folder.
Expert Business Solution Preview for Case study

Verified Audit File

Calculations & Analysis Included

ACCESS FULL AUDIT
✓ Accrual Accuracy ✓ Scholarly Reference ✓ PLAG-Zero

The EconHelp Precision Audit

01. Mathematical Rigor

Every derivation and calculation is checked for logic and accuracy by a subject matter expert.

02. Current Data sets

We use the latest financial indicators and economic reports to ensure your analysis is relevant to the current market.

03. Perfect Referencing

Full citations for every theoretical framework and data point used in the analysis.

04. Case Specific Logic

Tailored explanations that address the specific nuances of the business scenario provided.

Technical Help FAQ: Business & Finance

How can I learn from this business study?

Review the step-by-step calculations and the way theories are applied to the specific case data. Use the cited seminal works to further your own research and deepen your understanding of Business & Finance principles.

Do you handle Excel-based financial modeling for this topic?

Yes. For assignments in Business & Finance, we can provide professional Excel workbooks with clear cell-referencing and dynamic formulas that show the underlying logic of the financial projections.

Related Audit Logs

Business & Finance

kingston bryce risk mitigation plan.

Competency Classify the components of project planning. Student Success Criteria View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane. Scenario In your role as a Project Manager for Kingston-Bryce Limited you have been assigned to create a risk mitigation plan. Risk mitigation is a key component of project planning because you are trying to look at all of the alternatives while planning everything for a project. The Board of Directors for Kingston-Bryce Limited (KBL) is eager to move forward w...

Business & Finance

Tough Conversation DB

Format your assignment according to the following formatting requirements:  This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Include at least one reference to support your paper.

Business & Finance

International Markets

A regional bank has decided to open an office overseas for serving businesses that are expanding internationally. Choose and research a location with a large financial center that you believe would be helpful to your customer base. Some examples include Tokyo, Japan; London, United Kingdom; and Sydney, Australia. Please discuss the following with your classmates:

Business & Finance

Pick one of the following terms for your research: Balanced scorecard, ethical leadership, emotional intelligence, sustainability, or authentic leadership.

DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count in the word requirement. SUMMARY: Summarize the article in your own words- this should be in the 150-200 word range. Be sure to note the article's author, note their credentials and why we should put any weight behind his/her opinions, research or findings regarding the key term. DISCUSSION: Using 300-350 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what was already stated in the article,...

Business & Finance

CPA Assignment 1 - Television ads

Select and analyse a range of different television commercials, 2  retro ads (produced between the 50s and 80s) and 2 current ads. They do not need to be the same brand but each pair must be a similar product (ie 2 shampoos and 2 cars for example). The  analysis must demonstrate your understanding of current TV commercial  styles (e.g. modern, humorous, factual, seductive, serious) structures,  purpose (e.g. brand awareness, informative, sales, special offers) and  examine the regulations relating to television commercials. Write report summarising key findings. Minimum 1,500 words with r...

Business & Finance

Envisioning the Future discussion post

In your post, address the following questions: How has your definition of diversity changed? How do the four lenses approach the study of diversity with respect to the individual and society? How do the four lenses represent a way of seeing diversity? What are the implications of diversity on the future? How are you going to implement what you have learned in this course into your own life? My original post on diversity: Diversity can mean so much varying on how you use it, but for this this course it stands for the different kinds of people, cultures, races, etc. I work for the state at th...

Business & Finance

BA 3080 ASSN 2

Module 2 Article Review: Corporate Social Responsibility Overview:For this assignment you will look at Corporate Social Responsibility (CSR) as discussed in chapter 3 & 4. Prepare a written response to the prompt below using a word processor. Please save your file in .doc or .docx format. Your response should be complete, and your final document should be two (2) to three (3) pages in length and should comply with APA writing requirements. *To view the grading rubric for this assignment, click on the name of the assignment and click "View Rubric" Instructions: Read the following Forbes articl...

Business & Finance

5-1 Final Project Milestone Two: Benefits and Compensation Analysis (Section I, Parts D-F)

D. Determine areas of misalignment, differences, and gaps present in the current benefits and compensation system, based on the external benchmarking data. What are the key areas of the current system that are misaligned with the competition?

Business & Finance

Communication Issues-D5

Discuss issues in communicating with the opposition. How effective are these ideas? Consider examples where some of the approaches may not be appropriate. AT LEAST 8-10 SENTENCES. LINK POSTED BELOW.  https://ctb.ku.edu/en/table-of-contents/implement/provide-information-enhance-skills/conflict-resolution/main