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The Marketing Strategy Of Hertz

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Strategic Options
Hertz product ranges from Hertz local edition, Hertz car sales, Rent2Buy, Hertz equipment rental, Hertz claim management, Connect by Hertz, and Advantage rent a car. Their core purpose is to maximize total shareholder by bringing substantial competitive advantage to the company. As such there are at least three different strategies that Hertz can follow. Firstly, it can aim for the partnering with independent small rental providers/ mobile companies to increase sales revenues. Secondly, by entering new markets segments. Thirdly, it can follow the marketing strategy of increasing advertising and promotion activities. The following are three strategic growth options which Hertz can pursue to increase the market share and to maintain the competitive advantage in the industry.

Partnering with independent small rental providers/ mobile companies

PARTNERING WITH INDEPENDENT SMALL RENTAL PROVIDERS/ MOBILE COMPANIES
ARENAS/MARKETS

North America, Asia, Europe, Caribbean /other developing markets
DIFFERENTIATORS

Brand image, customer loyalty, industry experience, market leader

VEHICLES

Acquisitions, internal capabilities and resources
STAGING

Advertise products on T.V, radio, web-site, hotel partners and airport display
ECONOMIC MODEL

To increase sales, revenues, profits and brand image and market share

PROS

Growth potential, increase market share, maintain competitive advantage, economies of scale
CONS

Increase in capital and advertising costs, harder

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