Ryan’s Restoration & Repair: “Bringing vehicles back to life and keeping them on the road.”
If you had to start your own business tomorrow, what would it be? I would start a repair shop that would be able to perform signature classic car restorations, auto repair, motor cycle, boats and tractors.
What is your mission? Our mission is to provide top notch quality repairs and exceptional customer service. Gaining trust and building relationships while continuing to exceed our customers’ expectations is the root of our business.
How would you instill a vision? Instilling the vision is simple. Our technicians and other employees are always working to build the best relationships with our customers while creating the highest level of
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Result: The threat to new entrants is HIGH; therefore, the industry attractiveness is LOW.
-Bargaining power of suppliers The bargaining power of suppliers is moderately high in the auto repair industry. If a person wants there vehicle repaired at a shop, a shop can offer them a variety of product lines in order to fix their vehicle. There are Original Equipment Manufactures (OEM) parts which come directly from the vehicle manufacture such as Ford Motor Company. There are also several aftermarket brands that a person good choice from as well which is usually a much cheaper option. Based on the age and part of the vehicle that needs to be replaced determines normally what the customer will ask for. For example, if a person wants a new set of shocks for their vehicle they can have installed Motor Craft which is Ford’s OEM Brand or they could purchases aftermarket shocks from Monroe, Rancho or KYB. In other instances many auto parts have been remanufactured or rebuilt by certain manufactures so it allows a customer a few other paths to go down in order have their vehicle fixed. There are many industries that have entered the market as suppliers because of how many opportunities that are currently in the industry. Many companies such as HP and Mobil are partnered in the diesel oil market. Since there are several suppliers in the auto industry, each
* The type of business I would start would be for family or friends gatherings. This business would be place people come to eat and social, a nice, warm environment.
Bargaining Power of Suppliers: A producing industry requires raw materials - labour, components, and other supplies. This requirement leads to buyer-supplier relationships between the industry and the firms that provide it the raw materials used to create products. Suppliers, if powerful, can exert an influence on the producing industry, such as selling raw materials at a high price to capture some of the industry's profits. Tesco maintains direct professional business relationships with all their suppliers of organic food and non-food product worldwide. They also conduct supplier viewpoint surveys to find out what their suppliers think of Tesco.
Bargaining power of supplier: High levels of competition among suppliers act to reduce prices to producers. This is a positive for Ford Motor Company. Standardization of parts allowed Ford to reduce dependency on fixed supplier/vendor which goes into producer’s favor.
Selection of outside suppliers at the initial stage was crucial. Three advantages would benefit from authorized supplier involvement in design and production process. Firstly, they could foresee major problems in the design cycle by pulling their expertise and methodologies. Secondly, this model embedded quality into BMW’s production system up and down the supply chain. Thirdly, supplier was able to realize the critical connection between quality and profit through high customer satisfaction.
“Our mission statement is simple: to partner with you and your business as an asset that provides quality, reliable products rather than a liability that creates headaches, tension and division. We pledge to focus on the smallest of details on our end so that we can provide to you a product and service that will allow you to focus on your own smallest of details.”
business purpose. All-in-all their promise is to have the best quality in customer service with a
Respect the individual, provide the best service to their customers, strive for excellence, and exceed customer expectations. Their corporate mission focuses on a global growth strategy through concentrated integration. The company continues to expand its
The Bargaining Power of Suppliers (Moderate): Most of the industry’s products are sourced and manufactured by a network of third parties. The supplier group is diluted compared to the industry; KMD alone has over 45 suppliers. There is credible threat of suppliers adopting forward integration resulting in loss of major suppliers and emergence of new competitors for the industry. Highly effective and specialised products will pose high supplier switching costs for industry firms.
There are many different suppliers who sell similar product. Thus it is easy for a car wash to change supplier. Significant amount of product substitutes available, which reduces bargaining power of suppliers, as if one supplier will increase the price, demand will fall and it is easy to change supplier to another one. There is low power of brand and low possibility of suppliers’ integration; they are more likely to be competitors. The switching cost from one supplier to another is low. In addition, there are many suppliers from overseas who offer a similar product for the same price. In this situation, Car Spa Express faces low pressure from suppliers. The relationship to weak suppliers enables to possibly increase strategic
Vision Statement: We want to create value for our customers so as to enable them achieve their vision.
SERVICE. We are committed to providing the best experience and enjoy positively interacting with everyone we meet. We genuinely care about every customer we see and do our best to find solutions to any problem that might come our way.
Will ensure that all parts of our business work together cohesively to deliver customer-centric outcomes to support the initiatives in our Future Strategic Business Plan.
The bargaining power of suppliers is low because of the presence of powerful buyers who are able to direct terms to the suppliers who are generally small firms. Besides these suppliers of tires, parts, electronic, mechanical equipment are small players and may have only one or two clients (ancillaries).
They take care for customers cars through building systematic maintenance dealers repair to service service station plus to repair accurately customers care from the first time.
For most people driving a vehicle is a normal and every day process. On any given day driving in city or town traffic one can experience a number of noises by either their own of somebody else’s vehicle. Car repair can be very expensive, and lately, do-it-yourself projects are very popular. In today’s Internet world, the driver has an option to explore the World Wide Web for information on symptoms, problems, and, depending on the service, the repair procedure.