MBA 755 Students
Propose Strategic Plans for Reynolds and Reynolds
| Project Overview |
Description of the Company:
Reynolds is a billion-dollar company with over 70 years
of experience in the automotive retailing industry and
operations in 20 countries. Using this deep market
knowledge, they have created the broadest portfolio of
innovative, customer-driven products and services
available to the worldwide automotive retailing
marketplace.
Backing up their solutions is the largest
customer-facing organization in the industry. Almost
2,000 of their 5,000 associates are on site working with
automotive dealerships every day-delivering service,
support, training and consulting.
Over the years, their ability to consistently deliver
leading-edge solutions and the highest customer
satisfaction in the industry has made them the
undisputed market leader. The proof:
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They have a presence in
over 90% of North America's automotive retailers.
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Nearly half of all cars
sold in North America are sold through Reynolds and
Reynolds systems.
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They have business
relationships with nearly every car company on the
planet.
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Their market share for
core systems surpasses that of their two nearest
competitors combined.
The
Challenge:
Five project teams studied Reynolds & Reynolds'
competitors in two of its product markets--customer
relationship management and dealer management systems.
Competitors were profiled on dimensions of size,
diversification, strategies, market segments served,
reputation, financial strength, management
effectiveness, etc. Each team selected a different
competitor and proposed strategies Reynolds & Reynolds
could pursue to capture market share from the
competitor. Written and oral reports were delivered to
Reynolds & Reynolds executives.
The Strategies Teams Proposed:
Many interesting strategies were developed. For
instance, to capture market share from competitors who
serve niche markets, new products and marketing efforts
to compete effectively in those niches were proposed.
Customer service and product support were emphasized in
strategies crafted to compete with rivals with smaller
staffs. The best strategic analysis included a
recommendation that Reynolds & Reynolds develop an
autonomous business unit to compete in an underserved
market niche--a niche that Reynolds & Reynolds' business
model does not fit.
Link
to company’s website: http://www.reyrey.com |
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| Company Value |
"Having
a new set of eyes to review your business strategy can
be valuable. Having 30 sets of about to be minted MBA eyes
review our business strategy proved to be invaluable.
The student groups helped Reynolds executives see our
market in a different light then we ourselves had
looked at it. And besides being invaluable, it was great
fun for all of us on the Reynolds side!"
Mark
Brown, Vice President, Strategic Marketing and Planning |
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| Student
Value |
“Through this project we
learned how to research the problem and combine all the
skills we learned in the curriculum to come up with a
viable solution. We were expected to have ownership of
our project. We were able to create and present a
strategic plan for a big name company, all without the
fear of being fired! This was an invaluable way to
strengthen our management skills.”
Diana Thacker
“I think that providing the opportunity for students to
collaborate with and receive feedback from business
professionals and faculty is invaluable in preparing
them for the real world.”
Doug Bisher |
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| MBA Student Project Teams |
Doug Bisher, Jim Cox, and Diana
Thacker. Aaron Howard is not pictured. |
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An MBA from the Raj Soin College of Business is more than a credential—it’s an investment in your future that pays huge dividends and adds value to your career.
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