|
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:
-
They have a presence in
over 90% of North America's automotive retailers.
-
Nearly half of all cars
sold in North America are sold through Reynolds and
Reynolds systems.
-
They have business
relationships with nearly every car company on the
planet.
-
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
|