Business Plan for Car Hire Company Essay Example | Topics and Well Written Essays - 1250 words

Business Plan for Car Hire Company - Essay Example These factors include the income and expenditure of the people, the availability of the market and the effects of the global financial issues on the location of the business. The city of New York is one of the major financial hubs in the world. For this reason it is set to be susceptible to changes in the economic conditions, say fluctuations in currency. This and many others will most definitely have an effect on the spending habits of the consumers and this will trickle down to the financial performance of the business.   The major headache that comes up when developing any particular business is when it comes to setting up. This is the time the proprietor asks the question of whether it is in order to develop a new establishment altogether or just purchase and refurbish what has already been in existence. The cheaper alternative is the one which is to be sought. After this issue has been sorted out the next thing to deal with will be the availability of inputs and whether the se rvices will be timely. The car hire business can be a tricky one because there are some factors which may be beyond the control of the people involved. One such factor is the case of being stuck in traffic. This is something that can happen at any one time and it cannot be controlled by the car driver or the owner of the business.Aside from the issues dwelling on finances and the availability of the target market there are certain issues which may bring down the functionality market.... The P.E.S.T. analysis is the best way of getting to know of these traits in the environment of operation. This analysis will try and point out the effect which the political situation has on the business and its operations. At the same time it will point out the economic factors that influence the performance of a business. These factors include the income and expenditure of the people, the availability of the market and the effects of the global financial issues on the location of the business. The city of New York is one of the major financial hubs in the world. For this reason it is set to be susceptible to changes in the economic conditions, say fluctuations in currency. This and many others will most definitely have an effect on the spending habits of the consumers and this will trickle down to the financial performance of the business. The major headache that comes up when developing any particular business is when it comes to setting up. This is the time the proprietor asks th e question of whether it is in order to develop a new establishment altogether or just purchase and refurbish what has already been in existence. The cheaper alternative is the one which is to be sought. After this issue has been sorted out the next thing to deal with will be the availability of inputs and whether the services will be timely. The car hire business can be a tricky one because there are some factors which may be beyond the control of the people involved. One such factor is the case of being stuck in traffic. This is something that can happen at any one time and it cannot be controlled by the car driver or the owner of the business. Aside from the issues

Benefits of Going Green. Improving the Environmental and Ethical Image Essay

Benefits of Going Green. Improving the Environmental and Ethical Image of a Restaurant - Essay Example It is practically one of the biggest business trends of the last quarter of a century alongside adoption of computers and the internet. This then begs the question; what has prompted organizations to take up green ways? Investigations into the issue point to the fact that going green is not just empty trend, but a powerful strategy to gain competitive advantage for organizations in modern times. It enables a company to create a good corporate image and reduce costs thus maximizing profitability. Although there is evidence to support this, several companies have still not found going green a strategy worth pursuing. Hence, this part of the paper explores what going green entails and the benefits it accrues to businesses especially in the automobile industry, the food industry and the accounting/audit industry, which can be extrapolated to any other businesses. What is â€Å"Going Green?† Going green in a business is usually defined as the practice of monitoring, reducing and measuring the environmental and social costs of conducting business (Polimeni et al. 2010). Going green generally involves reducing wastes, decreasing use of energy and adoption of recycling techniques. Depending on the industry, strategies for going green include cutting on paper work, encouraging employees to car-pool, giving incentives to employees to adopt green technologies such as buying hybrid vehicles, reusable water bottles and using alternative sources of energy among others. A company that wishes to go green needs to make it a policy and communicate this to its employees. The policy should contain the company’s commitment to go green and the proposed strategies of doing this as appropriate to the company. The management should be committed to adopt these strategies in order to make employees follow suit. Benefits of Going Green The benefits of adopting green strategies are wide and varied across all industries, especially with the recent global economic melt-down. Case examples of industries that have adopted these strategies and the benefits they have accrued are studied and general benefits accrued discussed at the end. One of the biggest sectors that is directly affected and directly influences all other organizations in terms of the environment is the automobile industry. Vehicle manufacturers are at the forefront of adoption of green technologies, and thus the increasing emphasis on hybrid and electric vehicle. Robinson’s and Schroelder’s (2009) study of Subaru Indiana Automotive Inc. illustrates that through green principles and efficiency improves not only environmental conservation but also profits plus competitive advantages. Employees at every level in the company continuously pursue strategies to increase efficiency, reduce production of wastes and also reduce energy consumption. The strategies have resulted in 14% reduction of ele ctricity consumption since the year 2000, plus the company has not taken any wastes to the depository since 2004 as of 2009. The company has saved on costs in both long term and short term basis, with habits such as dimming lights when workers are on a break reaping immediate savings on costs. Other strategies such as redesigning processes initially increased costs but they have over time resulted in cost-saving. The two authors also found out that going green in the company involves detailed scrutiny of operations and new perspectives, which lead to innovations that create competitive advan