Business Strategy Provident Leasing Is Term Paper

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Saying this much, I would like to caution that they must remain within their expertise and professionalism and try to avoid ending up the fate met by some other financial institutions who ventured into commercial banking activity in the past.

One disadvantage in Provident leasing may lie on their weak business strategies and techniques. Improvements in their business process seem to be stagnant. Although the company can boast of increasing revenue, it is a threat that they may be left behind by other companies within the industry that continuously seek for progress and development.

It may also be a good business strategy if Provident Leasing will establish business units in other regions. Although it can be considered that the company has already established its name to clients, it is still a good move to pursue ways that can provide them with more advantage and business revenues.

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Such may lead the company to be known by more prospective clients. It is a fact in business techniques that companies who extend their capabilities has more possibilities of growing in number of clients, as well as growing in business status. A similar idea that was stressed out by Elmora Uzzelle in her online article indicates the following.

As the market has settled into a single-digit growth rate, lessors are developing new strategies to maintain an acceptable rate of return on their equity. Some have begun to offer value-added services such as insurance and equipment maintenance. They have also taken positive steps to become more market-driven and responsive to the needs of customers. Many lessors stress the expertise they can offer to customers in addition to selling products......

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