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Maintenance of its traditionally decentralized

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maintenance of its traditionally decentralized operational infrastructure. The company prefersto decentralize their business operations in such way that each car dealership is responsiblefor purchase and sale of its vehicles, credit decision making and collection of contracts thatspawned of established policies. The dealerships are overseen by a corporate managementwhich also controls a centralized financial base monitors the score of the proprietary creditand drafts up contracts terms and down payments standards. Another is sales of basictransportation. Since this is the primary revenue source of Car-Mart, the company aims tocontinue to support it. In 2017 fiscal year, the average retail price was $10540 for everytransportation unit.oTechnological InfrastructureTechnologically,Car-Mart has employed information communication technology in itsoperation to increase their efficiency for example in a bid to reduce credit losses; thecompany invested in a proprietary system for credit scoring. Through this system, thecompany monitors contracts’ qualify. The system is also capable of credit reporting evenwhen customers are not currently buying or selling vehicles. Car-Mart has also invested inGlobal Positioning Systems (GPS) for all their vehicles. Car-Mart moreover has implementedinformation systems to automate most company operations. For example, the management ofsales, consumer financing, inventory and customer information is all done on dealership level
Knowledge Management Strategy for Car-Mart10and the corporate level using this system. The company, therefore, has hired tech personnel tocontinually protect these systems’ integrity[Ame17]. The company moreover has expandedits technological infrastructure to include a call center that notes every customer’s contactand maintain a record of conversation at the dealership servers. Moreover, in May this year,the company commenced the use of text messaging to notify customers on where to receivetheir payment reminders or late notices.oCultural InfrastructureCulturally, the currentoperation of Car-Mart is based in areas with low populations of about50000 or less. Car-Mart believes that services in small communities offer it better-consolidated results than it would get in the larger community. Moreover, the financialobjective of cost saving is realized in such community since the operating expenses like rentsalaries and advertising are low in these areas. In the 2017 annual report, Car-Mart stated thatits most precious investment was people. Thereby, the company invests in hardworking andhonest individuals in this every position and develops and nurtures the people to fill its vastmanagerial capacity. Car-Mart believes that promoting people from within the companyenables it to continue in its long-standing unique culture as well as maintaining associatesloyalty through the provision of advancement opportunity. Another facet of Car Martscultural infrastructure is its diverse community of customers. The company has a reputation

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Term
Summer
Professor
peternjenga
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