PowerTrack’s Business Model


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Essay #: 053895
Total text length is 10,589 characters (approximately 7.3 pages).

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The beginning:
PowerTrack’s Business Model
PowerTrack (http://www.powertrackglobal.com) is a provider of commercial payment services to businesses. The company was founded in 1997, with an initial focus on automating payments and eliminating paper invoices within the transportation industry. Since then, PowerTrack has branched out into manufacturing and other verticals, including aerospace and defense (A&D). PowerTrack is currently owned by U.S. Bancorp, the parent company of U.S. Bank and the sixth largest commercial bank in the U.S.
PowerTrack can be estimated to be a success thanks to its survival of the two largest crises of e-business in history: the dotcom shakeout of 2000-2001 (Laube and Zammuto 2003, p. 194), and the recession of...
The end:
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