Well, not very good, but it will generate immediate sympathy.
Businessweek Funeral Home Analysis Businessweek Funeral Home Analysis Essay With the merger proposal of both Stewart Enterprises, and Service Corporation International which are both leading he industry, there will be a market dominance that will crush a majority of these privately owned funeral homes.
Since till there has been a steady Increase in privately owned funeral moms closing down, because the costs and expenses of leasing the property, including services are Just too steep to manage. If the FTC allows the merge of both Stewart Enterprises and Service Corporation, the market for funeral homes will shrink, and they will start to monopolize the funeral home market.
This poses a moral dilemma, because when families are trying to pay respect and homage to their loved ones, they do not need to stress about the price being fixed, and getting over charged by these larger companies like SIC and Need essay sample on "Businessweek Funeral Home Analysis"?
This is costly when considering you are burying your loved one, and although it is a one-time cost, it has been a deciding factor for individuals, hence why cremation has been more popular over the years.
Cremation has seen an Increase throughout the years, since when cremation only accounted or 3. This is a difference of With the loss of over 5, homes in the past five years, this has caused the funeral home industry to lose over This substantial increase in costs has made it difficult for these privately owned homes to maintain business.
This gives them a competitive price advantage as well as a competitive advantage In the market because they are accessible online enabling them to reach a larger market, and they are soul offering caskets at a significantly lower price. Citizens being left at the will of their loved ones to deal with costs and arrangements can be difficult.
The solution to this is these smaller privately owned homes must use a competitive pricing technique, and offer deals that will gain the interest of individuals looking to potentially burry their loved ones rather than cremate.
Offering the option to come in and give a small tour and a brief display of how they operate and handle matters could also attract business to their location, as well as build local publicity. SIC charges a lot more and does not meet a majority of customers with satisfaction, which is where the smaller homes have the point of opportunity to take advantage of this and really establish themselves in their local communities with a positive image.
With death rates per 1, people decreasing. These smaller homes need to take a different approach and offer competitive pricing along with customer satisfaction to maintain business.Funeral Home SWOT Analysis.
Strengths. One of life's inevitabilities is the people are going to pass away. As such, funeral homes are always going to be in demand among the general public.
The services provided by these businesses are considered invaluable to the families that have lost a loved one. The barriers to entry for a new funeral. An industry analysis for Funeral Homes is used by investors, corporate executives, and consultants for an unbiased, degree view of the market.
The strategic analysis shows how companies perform within the industry, and how the dynamics across the industry affect . Oct 24, · In the death-care industry, as practitioners call it, SCI casts a long shadow.
Based in Houston and publicly traded on the New York Stock Exchange, it operates more than 1, funeral .
The Market Analysis section shows the five-year growth trends for Funeral Homes, year-by-year from Are long-term forecasts positive or negative? Forecasts for for the industry show the future growth and market opportunity for Funeral Homes companies.
The total U.S. industry market size for Funeral Homes: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Bishop Funeral Chapel Inc.
owns and operates a funeral home in Pendleton that offers funeral services. The company is based in Pendleton, Oregon. As of 01/31/, Bishop Funeral Chapel Inc is a.