The firm’s main opportunities Essay
This is especially evident in corporate finance, information technology and the accounting sections. This is a weakness in this Company because when there is poor maintenance of experienced personnel in these sectors, it means that the internal controls will not be properly maintained and hence leading to great losses. The Company’s ‘whistle bower’ mechanisms are totally not effective. There is also high ineffectiveness in the Company’s inquiry process that is conflict of interest based and also its alert line.
This is a weakness because it has resulted in ineffective and untimely completion of completion of conflict of interests and improprieties. There is also poor maintenance of written and formal policies which govern the financial sector. This is a weakness because when policies are not well maintained then it means that there is poor implementation which results in loss. The firm’s main opportunities Just as research shows this company is the largest in the world.
This Company has got many opportunities since it has the advantage of operating on economies of scale. This Company is in a position to benefit from the advantages of economies of scale. This includes great discounts that that result in profits. There are government regulations that are quite
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68billion in a year there is opportunity of incorporating updated both information and electronic technology which smaller Companies may not easily attain. The firm’s main threats United Rentals Company faces threats from other upcoming Companies. These Companies include NES, and Traffic Control. All these Companies specialize in the selling and renting of trench shoring equipment to underground contractors in Las Vegas. United Rentals faces many threats from NES Company.
The reason for these threats is because one of the Companies employees moved to NES Company. The reason as to why Burkhardt moved from United Rentals was due to his dissatisfaction with policies related to customer service. Burkhardt used to work in United Rentals Company as a sales representative. When he moved from this Company he had knowledge of confidential information concerning their weaknesses. He maximized on this information when he got a post in NES Company.
He has a strategy to outdo United Rentals Company by putting in place mechanisms like very strong customer service policies. This is a big threat to United Rentals since customers are beginning to shift to NES Company. To make matters worse Mr. Burkhardt left with most of the Company’s customers contacts. Using these contacts he managed to contact all the customers and of course working on improved customer service policies, he is making the Company gain the customer’s favor.
United Rentals Company faces threats from other Companies like Hertz Global Holdings, Inc; RSC Holdings, Inc and Sunbelt Rentals, Inc which deal with leasing and rental services. For instance Hertz Global Holdings has attracted most of employees in United Rentals due to better salaries and improved working conditions. All these are the main threats that United Rentals is facing. The firm’s current strategies This Company is strategizing to improve its overall business model. In achieving this, the Company has a strategy to sell to HTS Acquisition, Inc its Highway Technology division.
This entity was created by Oak Hill Opportunities Fund, L. P and Wynn church Capital Partners. The board of directors of directors is working towards exploration of strategic alternatives for this entity. There are chances that the Company may be sold off. This Company has the objective of selling the Company to Cerberus Capital Management. This transaction is estimated to be worth $ 6. 6 billion. The main issue of the case is to improve the overall business model within United Rentals Company.