Rent to Own Company Case Study
Rent to Own Company: Play It Safe At Home Or Take a Risk Abroad
The aim and goals of Rent to Own Company is to expand and create development in its scale of the business. The company faces a lot of hazards which could let it fail to shift in new environment and new market due to lack of own stores. The investors of the Rent to Own Company faced a lot of situations where they failed in expanding the business. Writers who offer business essay help at Edudorm essay writing service notes that customers took the product from this company without making the payment which was the foremost situation to make the company fail. The company made a lot of losses since managers couldn’t find the customers who did t make their payment. The major sticky situation facing the Rent to Own Company as well as lease-own store is whether they expand the company retail store which is the weird situation to them. This paper is focusing on playing it safe at home or takes a risk abroad.
Actions the Rent to Own Company took
After the company faces a lot of difficult situation, Rent to Own Company start using the policy of lease-to-own pattern in shopping, which help to offers good to rent till that own inside an agreement appointment. This chain helps the Rent to Own Company managers to offer monthly payment schedule in addition to shorter contract period. The managers intonate free delivery of items and free repairs of items bought from Rent to Own Company. The policy aids managers of the Rent to Own Company to enable to identify the clients who were aware of the lease-to-own chain. Experts who offer business development assignment help at Edudorm essay writing service indicates that clients were afraid of making big-ticket once when the policy was outlined in the company hence the company was competent to make the profit. Rent to Own Company helps the consumers to demand loan-to-own store to individuals who couldn’t meet the expense of households. The company became an attraction to the clients who used their services in a way that people could make the payment without being penalized (Michael, 2011).
Outcomes for Rent to Own Company
According to Michael (2011), the outcomes in the Rent to Own Company were positive in such that market was surrounded by many clients from the time when the lease-to-own chain was identified. The Rent to Own Company beneficially expanded in the countrywide and this makes more customers to be more interested because the prices of transportation, labor, and homes were lowered. The Rent to Own Company business leader offer training to the employees working within the company and this was most to motivate the employees hence boosting the company. Authors who offer business assignment help at Edudorm essay writing service points that the company greatly expanded in and it was able to open over thousands of the store all over the country. The company experiences positive changes by making improvement in the financial situation in addition to the growth of success in the Rent to Own Company. To play safe in the business just need survey about small business income and cultural feature before having intention of working globally
Company that Is Currently Affected or Recently Been In A Similar Situation Same as Rent to Own Company
IKEA is a company which deals with furniture that faced the similar situation as for Rent to Own Company. IKEA Company incorporates friendly with environmental due to the effort of the leader of the business just as Rent to Own Company leader. IKEA face the situation of decreasing the cost of the products in the company which makes the company development to shift low. The reduction of the cost in the company of IKEA brings the reduction of the profit in the company at the rate of 2% to 3% in every year which enabled the company to grow at a high rate (Edvardson, Enquist & Hay, 2006).
IKEA underwent in the different problem in the market but it applied the sourcing strategy to source right producing the right product in the right location. This gives a result of good and affordable product with different designing as a result of making customers more interested in their products. Tutors who offer business report writing help at Edudorm essay writing service acknowledges that IKEA company bear marketing while it was entering another country such as U.S whereby their products seems to be of different size and unit as it was compared with U.S. due to a small number of stores in U.S IKEA learned how they could place the franchise in accordance with their clients’ preference. IKEA customized some of the strategies they faced to standard strategy to fit the desire of their customer and add stores in different locations. This not only gives the IKEA company profit but also make the industry be more unique.
IKEA Company’s leader come up with a solution of developing the company hence serving a large number of clients within the country. IKEA lowers the transportation penalty by using the flat packaging. IKEA Company introduced long-term contracts to their customers so as to make possible to their clients to take loans. IKEA did not only give loan but also assist their customer how to use their finance. This creates an exceptional business opportunity to the company hence facilitating the company to continue offering wide range services. IKEA offer loan to their clients to enable many of individuals to afford furniture from the company (Edvardson, Enquist & Hay, 2006).
According to Edverson, Enquist and Hay (2006) IKEA Company can be described as an original company because of the endurance without giving up in the marketing. IKEA was more concerned about their customers and they come up with an idea of reduction of prices of the products as the same case to Rent to Own Company. Mentors who offer business accounting assignment help at Edudorm essay writing service recognizes that after the IKEA recognized the needs of customers within U.S, they take an action towards how they could make to meet their expectations. As a result of meeting U.S customers’ preference as those of Sweden, IKEA Company was able to make a lot of profits in the company. IKEA being focusing on their customer’s preference, it made a strong bond with the customers and this was one of the boosters to the IKEA Company.
Strong and compelling arguments based on sound business knowledge
Theoretical strong and compelling argument strike organizations flatten way making the business lower the products. An organization can thrive accordingly due to the better decision made by the leader of the company as well as decision made by the employees the top management. Some of the top managers ignore the decision from their employee which maybe powerful advice on a way to run the organizations. If Rent to Own Company managers can take the advice from their employees strongly it may create a positive outcomes in the organization hence addition of the rate of profits. Instructors who offer organization behavior case study help at Edudorm essay writing service argues that strongly and compelling arguments in the business knowledge are the modest inductive and more modest when it comes to the inferential claim. The organization fails to its company due to claims made by the employees within the industry are ignored. Arguments based on sound business knowledge probably fail if the top management and employees lack good means of communications.
Strong and compelling arguments based on business knowledge are that managers enjoy the increase of return in the business by not recognizing the employees and customers in the business. Businesses are highly benefiting with no lowering the price of the products to their customers. Something broader is more important and benefits a large number of people globally. Teachers who offer management case study help at Edudorm essay writing service says that leaders of Rent to Own Company have to play a big role in order to develop the company metric and systematic. Regardless of compelling arguments in the business, the top management is the key in deliberating most matter in the organization. Therefore is advisable for any company to play it safe at home or else take risk abroad.
References
Edvardsson B., Enquist B. & Hay M. (2006). Values-based service brands: narratives from
IKEA, Managing Service Quality. 16(3)
Michael, C. (2011). Case study: Play it safe at home or take a risk abroad. Retrieved from
