quora
Nobody downloaded yet

Industry analysis. Parking services - Term Paper Example

Comments (0) Cite this document
Summary
Industry analysis. Parking services.
Venmo that is an application founded in the year 2009 that allows people to transfer cash to each other and also transfer cash into a bank account. These online applications allows the industry improve on its operations and be more efficient and serve the customers better…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Industry analysis. Parking services
Read TextPreview

Extract of sample
"Industry analysis. Parking services"

Download file to see previous pages QPark is focused at going international after ensuring that it meets the needs of its customers in the Philadelphia market. In order to ensure that it is ready to meet the diversified needs of global customers, QPark will rely on Porter 5 model that deals with five forces which include bargaining supplier power, competitive rivalry, bargaining power of buyers, threat of new entry and threat of substitution. By analyzing each of the Porters aspects, QPark will have the ability to face off its competitors while at the same time maintaining loyalty and trust among all the stakeholders. On supplier power, for instance QPark will access how easily the suppliers will drive up our prices in the market. Another major aspect covered by Porter is competitive rivalry. In order to be successful in Philadelphia market, we will undertake a SWOT (strengths, weaknesses, opportunities and threats) analysis to determine our position in the market. It is vital to note that there is no high level of rivalry that QPark will face in the Philadelphia market. However, in a scenarios where we face large number of competitors and where they offer similar products most likely we will have less power since buyers and suppliers will have more alternatives.2. Bargaining power of our buyers is another primary aspect that will affect our pricing strategies of our services. Some of the major aspects that will influence the bargaining power of our buyers include information availed to our buyers, the sensitivity of our customers towards our prices and our switching costs as compared to those of our customers. Our buyers will have a bargaining power. In this way they will put vital pressure on our product thus ensuring that they get a quality product that is worth their money. Despite giving our buyers opportunities to exercise their bargaining power, QPark will ensure that the business sales are enough to cover the fixed as well as variable costs incurred by the company. To address the threat of substitution in our business, we will emulate modern technology and extensive marketing awareness campaign as well quality improvement. In this way, our customer will be more attracted to our services thus putting at bay our key competitors in the Philadelphia market. Being a major aspect by Porter model, threat of new entry will have an implication on our business3. Key threat of the new entrants is stiff competition. Additionally, the ability of other firms entering the car park industry may result to production of similar products thus making it hard for customer to differentiate QPark from its competing brands4. This implies that to create a difference between our services and those of the competitors; we will adopt an effective marketing mix that includes price, promotion, product and place. Business trends refer to those factors that will affect the ability of local and international firms to cope with their customers and to make sustainable profit. Example of business trend includes cost of input that determines whether the business is viable, raw material needed component increasing or decreasing or stable in costs. In the parking industry, business owners have to decide whether to increase the cost of goods or cope with the losses alone. Innovation is one of the key strategies being adopted in the industry. For instance, through self services which are automated in nature, QPark will be in a position to track customer’s vehicle even after default on payment. Environmental trends entail government ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Industry analysis. Parking services Term Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Industry analysis. Parking services Term Paper Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/marketing/1475519-industry-analysis-parking-services
(Industry Analysis. Parking Services Term Paper Example | Topics and Well Written Essays - 750 Words)
Industry Analysis. Parking Services Term Paper Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/marketing/1475519-industry-analysis-parking-services.
“Industry Analysis. Parking Services Term Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/marketing/1475519-industry-analysis-parking-services.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Gentiva Health Services Financial Analysis Report
Once a financial performance analysis has been done, then the company can move on to make investment decisions. Thus, financial performance analysis helps in facilitating decision making in an organization. This paper evaluates the financial performance of Gentiva Health Services Company.
10 Pages(2500 words)Term Paper
How can Amazon Web Services (AWS) reduce cost in the healthcare industry
Big technology organizations are by now making investments worth million of dollars to facilitate these services. It remains to be witnessed how these services will affect the healthcare sector which has over the years been seen as being diverse, unique, and complex presenting several challenges like privacy.
8 Pages(2000 words)Term Paper
Industry Analysis
Industry Analysis: Toyota’s Position in the Automobile Industry.An industry consists of a number of firms which produces goods that are close substitutes for each other. The structure of the automobile industry is that of an oligopoly with a few firms showing dominance.
9 Pages(2250 words)Term Paper
Economic Analysis for the Motion Picture Industry
Thus, relatively few of the numerous movies produced are box-office blockbusters. However, higher quality productions with a concept with mass appeal, a star cast, good budget, screenplay, effects etc. can become a blockbuster if good word of mouth and reviews propel marketing and advertising efforts.
7 Pages(1750 words)Term Paper
Analysis how political processes impact a Canadian industry
The shipping industry Canada is characterized with increased competition attributed by the number of firms, there are number of businesses similar to CMA CGM (Canada) Inc. The industry has a number of shipping agencies and companies hence qualifying it to being a competitive market structure.
15 Pages(3750 words)Term Paper
Industry / Corporate Analysis: Fundamentals and Technical Research
During recession, the economic condition of United States along with many other economies suffered a lot, however few industries including retail industry of United States has been able to perform well during this time period. The report analyzes the financial performance as well as the economic indicators that could influence the company.
5 Pages(1250 words)Term Paper
Create a new business in the hospitality industry
Currently, the proposed business structure for Spring is designed to offer its customers with wide ranging products and services including swimming pool, spa, gym, fine dining, buffet, kids care, free Wi-Fi facilities, free parking, luxury cars for picking up people from
22 Pages(5500 words)Term Paper
Ethcial Issues in the Financial services Industry
This is considered as such mostly because of the fact that the industry is considered to be quite large. The report deals with ethical standards that are there in the industry of financial services.
10 Pages(2500 words)Term Paper
Market Analysis & Industry Analysis Tablet Market
The first form of tablets is branded tablets, which come under the line of tablets produced by popular manufacturers such as Apple, Amazon, and Samsung. There is also what is known as consumer tablets, which come from lesser known manufacturers.
15 Pages(3750 words)Term Paper
NIGERIAN PETROLEUM INDUSTRY: OIL AND GAS SECTOR ANALYSIS
It is ranked as the tenth largest oil producer in world, third in Africa and most productive oil producer in the region of sub-Saharan Africa. The economy of Nigeria is largely dependent on the oil, which contributes to almost 95 percent of foreign exchange income.
20 Pages(5000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Term Paper on topic Industry analysis. Parking services for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us