Case 3 Essay Example | Topics and Well Written Essays - 1000 words - 1

Case 3 - Essay Example Secondly, Beaver was inspired by the success of the Chegg book rental Company where he worked in course of his studies. Thirdly, the fact that there was no book Rental Company operating near the Campus where Beaver studied made Beaver to spot the opportunity of starting a books rental Company. Although there is looming changes and challenges in book rental industry, continued growth in the Beaver’s Company is still achievable. The following are the three main ways in which Beaver’s TXT Book Rental’s can maintain exponential growth rate despite the imminent changes and challenges in the business. Firstly, the Company can maintain its exponential growth rate by giving high quality services to their customers; to maintain its high growth rate, the Company should give better services to their customers than their rivals. Through the excellent services, therefore, the Company would be able to maintain high level of sales, thus maintaining its exponential rates. Secondly, the Company can maintain its high rate of growth by being innovate and coming up with new ways of increasing their sales; for instance, the Company can come up with new innovate marketing strategies meant to reach more customers, thus increasing sales. Thirdly, TXT Book Rental’s can maintain its exponential rate of growth by diversifying. Although TXT Book Rental’s was founded with the exclusive aim of renting books, there is nothing wrong with the Company diversifying and coming up with different services or products so as to boost its profits, thus maintaining its exponential growth rate. Going forward, the following should be TXT Book Rental’s strategy. To begin with, given the fact that the whole book industry is undergoing a rapid digital revolution, the TXT Book Rental’s Company should not be left behind, but they should also join the digital