Explain How the Development of Car-Sharing Services in Major Urban

question 14

Essay

Explain how the development of car-sharing services in major urban areas, such as ZipCar, punctuated the equilibrium for well-established car-rental companies like Hertz and Avis. Note: With ZipCar, people pay a monthly fee to join the service; they can then reserve cars by the hour or by the day, and pick them up in convenient locations. The process is much easier, with much less hassle, than going through a traditional car-rental company.

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Definitions:

Final Stage

Represents the last phase in a process or development sequence, often signaling the completion of a project or the attainment of a goal.

Fit Perspective

A viewpoint in psychology and organizational behavior that emphasizes the alignment between an individual's abilities, needs, and values and their work environment's demands, rewards, and culture.

Culture

The shared beliefs, customs, practices, and social behavior of a particular nation or people.

Leader

An individual who guides or influences others in a group or organization towards achieving a common goal or vision.