...Alpha Team Consultants (April Hill, Kenechia Nelson, Nicki Stoops, Tina Parker, Teresa Tessier) University of Phoenix ECO/561: Economics MEMO: To: Big Drive Auto From: Alpha Team Consultant, LLC Date: January 16, 2010 Re: Business Recommendations for Big Drive Auto based on Economic Projections This memo will present three specific economic futures over the next five years for the Big Drive Auto Company. This memo features recommendations from year to year and several graphs to provide visual support of the business recommendations from the Alpha Team Consultants (Alpha). Alpha would like the opportunity to present our recommendations for your future business management decisions. Our recommendations will provide you with money and time saving options regarding organizing, managing and integrating finances, product manufacturing and development, consumer relations and supply chain all while continuously increasing revenues and growth within Big Drive Auto. As your exclusive consulting firm we have composed several forms of data including diagrams, graphs and charts that aide in depicting the effects of our business recommendations over the next five years. This data is based solely on the GDP and any current economic contributing factors. The presented data and recommendations will aid the Big Drive Auto Company in staying ahead of the competition, while developing other methods that aide in business decisions making. [pic] GDP, Inflation, Pricing...
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...Business Recommendations for Big Drive Auto Trendi Emerson, Gabriel Konigsberg, Brain Bailey, Rebecca Wilson and Oniel Rhooms Economics 561 University of Phoenix | |Possible |Earned | |Content/Development (60%) |3.0 |3.0 | |Logic/Organization (20%) |1.0 |1.0 | |Format/Style/ Grammar/Punctuation/Spelling (20%) |1.0 |.8 | |Total (100%) |5.0 |4.8 | Your content in this paper is very good, but you should review the use of citations and how to match them to the reference listing. You must list the scenario as a reference so you may cite it appropriately. Please use the proper naming convention for assignments attached to your post (the file name, not the subject). Business Recommendations for Big Drive Auto Big Drive Auto is a dealer of several manufacturers' cars and trucks, in several states. Citation?Several business recommendations have been made to ensure success of Big Drive Auto. The recommendations include pricing strategy, non price barriers and product differentiation. These recommendations...
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...DE LA SALLE UNIVERSITY Graduate School of Business Case Analysis Financial Management Big City Trust Company Group 2 Dean Atty. Joe-Santos Balagtas Bisquera Executive Summary Big City Trust Company Mr. Samuel Cooper, a senior trust officer of Big City Trust, discusses with Mr. Richard Brainard, an analyst in the trust department, on how BCT should finance the growth of Auto-Drive Company’s sales. He also wants Mr. Brainard to examine the funding schemes adopted by two giant companies, Xerox and Polaroid, in financing their capital expenditures between the years 1960-1964. Mr. Cooper would like to explore the possibility of adopting an efficient and effective business model in order to finance Auto-Drive. Auto-Drive Company Auto-Drive Company is developing Auto-Drive, an automatic pilot technology which is installed in cars. This technology makes it impossible for the car to run off the road or into another car. Mr. Cooper sees that this auto-pilot technology is the next big thing and expects a high demand in the future because of the benefits it could bring its customers especially as regards road safety. Big City Trust would like to gain insight on how Xerox and Polaroid financed its innovation and growth. BCT thinks it is appropriate to compare Auto-Drive Company with Xerox and Polaroid because there two are pioneers and innovators in their respective fields. Xerox and Polaroid Xerox was founded in 1906 in Rochester as The Haloid Photographic...
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...Downsizing of the US Auto Market. Automakers will begin reducing production, cutting sales, or preparing for price wars in order to get rid of inventory. This type of downsizing may hurt Big Auto, forcing layoffs and reducing services offered. The consumers will no longer be able to afford expensive cars and would prefer keeping the current car they purchased. Even if the car is not worth the balance owed. Big Drive Auto will no longer carry certain makes or models, which would hurt sales. (Carseek, 2007) On the other hand, if downsizing affects the sale of cars, Big Drive Auto can look at generating revenue in the other two areas listed. Generating revenue in the other two areas may not show a major increase in sales, but should give a positive growth within the next five years. Downsizing falls in the recession area of the business cycle. The recession phase is a “period of decline in total output, income, and employment.” (McConnell, Brue, & Flynn, 2009). Americans No Longer Driving The culture of owning a new vehicle is dropping. Consumers are no longer driving, which decrease sales at car dealerships. Higher gas prices and rising unemployment plays a role in consumers purchasing cars. Evidence of this change can be found in the model below, created by Nate Silver, which reveals a snapshot of a decline in American Driving. This information created from information listed in the Federal Highway Administration, writes Nate Silver. (Esquire, 2009) Mergers...
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...differentiates itself from its competitors when it provides something unique that is valuable to buyers beyond simply offering a low price (Blackwell publishing, 2009). Big Drive Auto can differentiate by providing a superior protection package. The protection package vehicles will be given oil changes free of charge as long as the consumer owns the vehicle. Tire rotations and balancing of wheels will also be free of charge. Big Auto Drive should employ a service team that is consistently courteous and polite to customers and who provide excellent service to customers. Top notch certified mechanics are available to meet the needs of the customer. The maintenance package will allow consumers to receive car washes and rentals cars at no additional charge. With these sorts of incentives the likelihood of car sales will be increased. When consumers are satisfied they tend to put in a good word with friends and family members. This type of praise will increase the possibility that consumers will revisit Big Drive Auto to purchase a vehicle for them, trade in their vehicle, or purchase a vehicle for a family member. With the purchase of a new vehicle Big Drive Auto will offer the consumer free gas for a range of two to four months. Incentives and cash rebates will also be an appropriate recommendation for Big Drive Auto as well. According to All Business.com (1999 - 2009), Manufacturers often offer special incentives to both customers and dealers in an effort to increase sales on...
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...With that being said cars is on the list to definitely change how we live in the next twenty years. Nowadays just like we use what is called smart phones well we also have and use smart cars, which is cool. Detroit’s big three auto industry (or what’s left of it remaining in the city) is on a come up with new and improved auto innovations especially looking toward the future. Looking forward twenty years from now I would say that at that point cars will be able to drive and guide themselves, more car companies will produce more battery powered vehicles, and cars will be equipped to better help prevent accidents and accidental injury. So again, in my opinion I feel that over the next twenty years of living we finally will have smart, precise and advanced self-less drivable vehicles produced by our big three. The impact and significance of this feature could actually do us as drivers good. Just think for a second, people fall asleep while driving, people get side tracked quite often, people get distracted just by in-car activities alone, etc. We are not really any closer to having this special feature in motion. However Google has been experimenting with self-driving ever since May, 2012. From past research they have actually put together a drive-less car and have tested it out. The only accident that has taken place on their end was in 2011 and it was located in California. Another impact on cars toward the future would be that more car companies...
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...Political 5 Economic 5 Social 5 Technological 6 Environmental 6 Legal 6 Summary 7 Micro Environmental Analysis 7 Porter’s Five Forces 7 Bargaining Power of supplier 7 Threat of substitutes 8 Bargaining power of customers 8 Threat of New entrants 8 Competitive rivalry 8 Summary 9 Conclusion 10 References 11 Executive Summary With continuous change in technology there is always continuous advancement in life style, and Google Self-drive car is going to be one of the biggest changes among them. This type of autonomous system always leaves long and prominent impact on the society and the environment. The whole world is moving towards more and more robotic systems where people just provide voice command or just a program and robotic system does the task automatically. This car can be a stepping stone towards such autonomous enhancement. There are many big players in auto industry who are trying to come into this futuristic field like BMW, Mercedes, Audi and many more, however Google’s self drive car stands apart in terms of completely autonomous car ‘no human interference’. This actually has some implication where human psychology interferes. Human by nature tries to keep control in their hands and having complete confidence on the machine is little difficult to gain. Saying that it is always the way technology improved and become integral part of human life. From bicycle to airplane, every technology has developed to extent to gain human confidence...
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...Auto Navigation Systems are for Work, Play, and Everything in Between Back in the dark ages, it was nearly impossible to navigate the shark-infested waters of Main Street or big city USA without the assistance of a road map or some other major navigational aid. Back then if you found yourself lost you either had to stop and ask for directions at a convenience store along the way or drive along until you found a payphone you could use in order to call for better directions. This process became a little easier once cell phones became prominent and affordable to the masses. Today it has become even better if you can believe it. Gone are the days when you drove around in circles hoping to find a place to stop and get directions to take you back to the beaten path before your gas tank uses the last of its fumes. Now you can simply use GPS tracking to find out where you are and then get directions to the nearest destination of choice or simply find your way back towards your destination. You can actually go on vacation now without taking a massive road atlas or a half dozen maps of a half dozen states along for the ride. Gone are the days of needing a tour guide in order to fold your maps back into their former positions. Vacations are now much more relaxed as a result of the lack of stress involved in merely getting there. Not only is getting there easier with the use of auto navigation systems, but getting around once you reach your vacation destination is much easier to...
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...Running head: THE BIG DATA CHALLENGES The Big Data Challenge Albina Galieva CIS500 - Information System for Decision Making Dr. Jonnie Drake, PhD July 25, 2013 The Big Data Challenges Introduction Living in a world where economies, political freedom, social welfare and cultural growth increasingly depend on our technological capabilities, big data management and, most importantly, the knowledge that can be obtained from it, has enormous potential to benefit individual organizations. While in production teams it is increasingly asked to “do more with less”, in relation to data we are asked to “do more with more” (Big Data, 2013). Judge how Volvo Car Corporation integrated the cloud infrastructure into its networks. The Volvo Car Corporation is one of the auto business' generally distinguished marks, with a long and glad history of planet heading improvements. At Volvo, travelers and drivers come in the first place, and the organization takes human-focused plan genuinely, continually striving to advance a percentage of the most secure autos out and about (Volvo cars , 2009). The organization offers give or take 400,000 autos every year over the world. The Volvo Company separated from Ford in 2010. They broke free from an IT infrastructure that they use to have. Before it contained of a tangle of dissimilar systems and licenses. They needed a new stand-alone IT infrastructure that could provide better boost communication capabilities, Commercial Intelligence and...
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...The Auto Industry For most of the twentieth century, the American automobile manufacturing industry was the most productive in the world. Over the past 20 years, however, the American industry has lost its comparative advantage. The state of the economy and the recession the country is experiencing is making it difficult for any industry to turn a sound profit. The auto industry is feeling the squeeze. The “Big Three” auto makers in the United States and Canada consist of, General Motors (GM), Ford and Chrysler. These companies are competing during these hard economic times and faced with competition from foreign manufactures as well. This paper will analyze the changes implemented in the auto industry, and the problems addressed by the leadership. It will identify new changes the company will implement for their organization to remain competitive within the industry and assess the effectiveness of the changes already implemented and the potential benefit of the new changes. The Big Three reigned as the largest in the world and two of these corporations are still the backbone of the top five. Ford has held the position of second-ranked automaker for the past 56 years, but the state of the economy has affected it powerful edge and responsible for their decent to third in North American sales, and passed by Toyota in 2007. That year, Toyota produced more vehicles than GM, however GM still outsold Toyota that year, holding fast to a consecutive 77 calendar years of...
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...license, Chery implemented a four-phase strategy to develop its technical strengths. Chery started exporting cars as early as 2001 and became the largest exporter of cars among the Chinese car companies. Chery expanded globally to have its presence in over 70 countries by 2009. | | ------------------------------------------------- Issues: » Study and analyze the competitive strategies of Chinese automobile companies. » Understand how Chery Auto used available resources effectively to manufacture cars. » Examine how a startup company could develop R&D capabilities by collaborating with other firms. » Study the globalization strategies of Chery Auto. » Evaluate the challenges faced by Chery Auto in the near future. ------------------------------------------------- Contents: | Page No. | Introduction | 1 | Background Note | 2 | The Growth Strategy | 3 | Going Global | 5 | The Challenges | 7 | The Road Ahead | 9 | Exhibits | 10 | ------------------------------------------------- Keywords: Chery Auto, Chinese Automobile Industry, Independent Innovation, Pricing Strategy, Car Manufacturing Industry, Reverse Engineering, Shanghai Automotive Industry Corporation, Six Sigma Process, Independently-designed Models, Intellectual Property Rights, Branding, Vertical Integration, Global Expansion Strategy,...
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...Toyota Toyota is currently the biggest car maker in the world. Toyota’s production model has been for long the envy of Detroit’s big three and the benchmark for the auto industry. The auto market in the US has showed signs of improvement, a sign of encouragement for the company. Toyota has invested billions of dollars to develop manufacturing capabilities and supplier networks to supply those markets. Toyota has many comparative advantages over it peers: a strong operational model that generates high margins; a strong global brand synonymous for quality and a business model that allows it to churn out multiple car models at low cost, high speed and high quality. Although Toyota’s supremacy is not uncontended; the so called big three are improving the quality of their cars, Volkswagen is currently buoyant of its success in Europe and the developing nations like China and Brazil and has announced that it will build a plant in the US, a return after an absence of 20 years. Hyundai has shown how favor for a Brand in the market can change quickly with the success of its Hyundai Elantra. Toyota’s competitors have learnt the merits of working with fewer platforms: reduced cost, increase profitability and better management of quality. Yet Toyota’s main challenge does not come from its competitors, rather from within. Although Toyota’s challenges are internal that does not reduce the magnitude of the issues, indeed the most difficult problems to identify and solve are...
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...Cheap auto insurance which offers good protection often seems like a dream too good to be true. People don't believe in getting cheap products nowadays as the inflation rate rises significantly in every part of the world. Insurance rates undoubtedly rises as well, however by doing some homework, there are still chances for you to get your auto insurance without paying high price for it. Generally, women pay lower rates than men do due to the fact that people believe women are safer drivers. This shows that women have an advantage in securing cheap auto insurance without having to negotiate much. Therefore, consider putting the wife's name as the primary driver for every vehicle owned by you and the husband's name as the secondary driver...
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...No. 526 “Big City Trust Company” Case Analysis & Corporate Strategy Group 4 Report Estepa, Joan Carla E. | Member | BSC Management, Corporate Focus | Reyes, Corinne Erlyn L. | Member | BA Humanities with Professional Certificate in Business Management | Yan, Lee Rainier C. | Member | B.S. Chemical Engineering | Dean Atty. Joe-Santos Balagtas Bisquera MBA Professor Case Analysis Executive Summary According to the case, Auto-Drive Company is developing an Auto-Drive which will be installed in cars, a technology that would switch cars into automatic pilot. This kind of advancement will make it impossible for the car to run off the road or into another car. Mr. Cooper, a senior trust officer at Big City Trust Company, finds this innovation very promising for the automobile industry and believes that this would be a great investment. He sees the benefits it could bring to customers and he saw a market for this technology. The new venture leads Mr. Cooper to study the Xerox and Polaroid Company methods on how these two companies financed their growth, since they are both successful innovators in their own fields. Mr. Richard Brainard, an analyst in the trust department was asked to gather and examine the facts and financial statements of the two companies they will need for the analysis for the period 1960-1964. This study would help Big City Trust Company to determine what approach and financial model it can offer to Auto-Drive Company. ...
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...The Car Buying Market Today To gain some perspective on the overall car market in the US, each year, approximately 213 million cars drive the streets of America. As for vehicles that are purchased annually, here are some interesting observations: * Of all the vehicles purchased in the USA each year, 16 million are new and 41 million are used. * Of all the used vehicles purchased by consumers: one-third are from private parties one-third are from franchised dealerships one-third are from independent dealers * 17 million used vehicles are sold to auctions each year. How to buy a car Don't head to the car dealership empty handed. If you want to make the dreaded process of buying a car a little easier, make sure you have your papers in order. An unsuspecting victim is in the market for a new car complete with sweaty palms and racing pulse. He has no plan of attack, and the car dealer's approach is as calculated as a lion stalking its prey. He sizes up the shopper and finds the jugular. Then ... he pounces. Finance rates go flying, down payments make the victim's head spin, he barely remains conscious as the salesman rips into his prey with option packages. Buy now, pay later, cash for your trade-in, no credit-no problem -- how many ploys can these blood-thirsty savages use to bring their victim to their knees? But you can arm yourself and be prepared for your showdown in order to make the confrontation as quick and painless as possible. You've just got to get your paperwork...
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