Microeconomics
Service Master Pro-is a Company that concerns itself with the provision of a wide variety of services to both firms and residences. The company's flagship brands include but are not limited to TruGreen, AmeriSpec as well as Terminix.
International operations
Currently, Service Master has operations in 14 countries through its vast network of more than 4000 locations. Through its convenient franchise arrangements, the company has continued to expand throughout the world within a relatively short period of time. Though the company's headquarters remain in the U.S.A., ServiceMaster is present (through franchise and company-owned locations) in countries including but not limited to Malaysia, Lebanon, Saudi Arabia, Japan, Spain etc.
The possibilities for further expansion in regard to ServiceMaster seem endless. This assertion is essentially based on the Company's strategy for expansion where it seeks to develop through the issuance of master licenses. This arrangement allows the license owners to not only develop but also to undertake ServiceMaster sublicensing within a specified territory.
Challenges Faced by U.S. Based Firms when setting up in Other Countries
High set-up costs
U.S firms setting up in other countries could face high set-up costs. Typically, these costs are largely made up of sunk costs. By definition, sunk costs include all those costs which are essentially impossible to recover in the event that a firm leaves a given country. Examples in this case include fixed costs, costs of advertising and marketing etc.
Actions...
Service Master has a family of brands that consist of companies that deliver services to home and businesses include pest control, maid service, landscaping and other services. The company has a high dependence on labor, and this labor must not only be professional in demeanor (quality service) but it must be well-trained and able to deliver the service to a high standard. There are two factors that could potentially increase
Microeconomics The ServiceMaster Company is concerned with the provision of a wide range of services to not only residential but commercial customers as well. Mainly, its services include but are not limited to facility management services, commercial cleaning as well as restoration services. In this text, I describe the type of market ServiceMaster operates in as well as the competition the company faces; if any. I also make submissions on how
Microeconomics Enron Corporation is an example of one of the largest corporate scandals in the history of the United States. Given a series of corporate mismanagement, Enron is regarded as a shocking example of corporate corruption in the modern business world. The company took 16 years to increase its assets from 10 billion to 65 billion, which was significantly reduced in 24 days (Gibney, 00:00:38-00:00:47). Enron’s corporate scandal has been the
learning about the Lotus Elise car. What can one grasp from this particular case? Is there anything significant that stands out? One will discuss this scenario in depth along with theory and recommendations. Creativity in Organization Many factors are worth considering when looking at creativity in an organizational environment, especially for Lotus Elise, which include communication, decision making, handling potential conflicts, personal attitudes and group roles. People make decisions every day;
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now