Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Social media influence on fast food
Analysis of the hospitality sector
Analysis of the hospitality sector
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Social media influence on fast food
Global Business Glasgow
Candidate Name
University /College
Course Code
Date
Contents
Introduction 2
Vision 2
Mission 3
Financial Outlook 4
Break even Analysis 8
Market Analysis 8
Conclusion 9
Introduction
The purpose of this report is to analyze a business, its operations and financials in order to see what is its current market standing along with predicting the future keeping in mind the strategies and policies that it may follow. The report will be divided into several parts namely introduction, description and history of the venture that has been selected, financial performance and over view and funds needed to expand it to achieve future growth.
The company that has been selected for this report is Tempo which is probably the only salad bar in city of Glasgow which offers to its customer one of the most delicious and fresh customer made salad whose recopies are designed innovatively keeping in mind the dining in experience. The environment of the salad bar is just like a café which is perfectly designed to suit to customer preferences, tastes, comfort and most of all the time constraints that different customers have. The reason why this café has gained so much fame and is the fact that it has sticked to its basic brand essence with which it entered the market initially. This brand essence can easily be identified by those who love tempo, that is, the salad bar provides quality and healthy food for those who are health conscious in addition to being food connoisseurs.
Vision
The company has a clear vision which it wants to achieve in the long run. The vision is simple and not vague and thus can be highlighted into three main points:
1. Tempo looks forward to achieve the return on investm...
... middle of paper ...
...
Conclusion
Keeping in mind the above criterion, it is clear that with appropriate management, strategic planning and adequate marketing mix in place, the company can achieve the projected and expected growth as analyzed in this paper. Tempo has a number of expansion plans in place in which it wants to lower down its fixed cost to the lowest in future by increasing the revenues through franchising outlets in the near future. The only threats and weaknesses that tempo faces is that new entrants can easily enter this industry because this venture is not that much capital intensive and food outlets and cafes are easy to copy.
References
Cates, W (2009). The Unlimited Salad Bar. Calavira Publishing
LLC Books (2010). Restaurant Terminology: Salad Bar, Fast Food, Charcuterie, Menu, Cover Charge, Buffet, Diner Lingo, Types of Restaurants, Smrgsbord. LLC BOOKS.
The Group's strategy focuses on six key areas, in order to improve the operational effectiveness of its business. By a...
Zoë’s Kitchen is a successful restaurant in a new segment of a matured restaurant market. This company creates an at home atmosphere for the consumer to give the perception of an at home meal. There are a lot of competitors within the market and for just this company alone. Though, Zoë’s is differentiated enough as a whole to not actually have a true competition. There are upcoming threats in the fast-casual market from fast-food chains entering the market through mergers and adding healthier foods to the menus. The purpose of this analysis is to inform and forge a conclusion of what this company should do about its future.
There is an enormous prospect for the Pkolino Company to start a business. The current task has adequate resources and a great plan to keep it operational. Nevertheless, dangers that might plunge Pkolino Company into financial disaster are also present. This is due to the fact that there are always a couple of things that tend to advance in an unanticipated direction even in a well- planned plan. For instance, P’kolino Company’s financial statements do not have provisions for the worst, average, and best scenarios.
The basic idea was to expand into a new industry sector that would not negatively react to the same economic downturns as the present business activities. If one sales sector is taking a hit in the market, another one will help offset the losses and keep the company viable. At this point diversification strategy becomes also a growth strategy. Thus, the management of Rocol keeps pursuing once established principles of diversification by bringing new products and technical appliances to the consumer market. Moreover, at Rocol Company quality is seen as a part of the company’s strategy and can be described as “a maxim” in everything the company does. (Hiriyappa,
The purpose of this vision. Which explains why Marriott choose this vision and who is involved.
The last things just mentioned enables individuals to comprehend what and how the company has made. The traditional method of share vision always failed in most company because employees cannot synchronize with the share vision from the top management. However, 3M able to create a core values aligned with their vision that make all the employees understand what they need to do in order to achieve the vision.
Their vision was: “Developing product line and approximately positioning the company in both domestic and global marketplace.” (Case)
Caf? Expresso, as the first mover in the coffeehouse marketplace, which has expanded quickly and become one of the ?big three? players in the global coffee shops chain. However, recently this company is continuously facing a lot of problems in terms of its staff, easy-copied business model and product range, resulting this company lost its leading position to the number three. Therefore, its adjusted visionary goal is ?return Caf? Expresso to the number one position in the marketplace? (Beardwell, 2010). To achieve this goal, Caf? Expresso identifies ?the coffee drinking experience? is significant to achieve competitive advantage and customer value-added, which was delivered through three key elements (graph 1),
As a leader, whether of a “Fortune 500” company or simply a manager of a local “mom and pop” store, it is important to have a clear idea of what the vision and main priorities of the company you are working for are. We have discussed the creation of a vision statement a lot in class. This statement should be focused and well known by both you and your employees. A vision statement is meant to clearly communicate both the purpose and the values of the organization. For employees, it should give direction about how they are expected to behave and also inspire them to give their best. When the vision statement is shared with customers, it helps to shape their understanding of why they should work with your organization. Defining a short, concise list of your company’s main priorities is also a very important task. As Kaplan...
In all restaurants, products and suppliers are used on a “first-in, first-out” basis to ensure freshness. All restaurants provide warm and inviting environment and a variety of comfortable seating arrangements to accommodate anyone – for single individual to a large family.
An organization’s vision statement defines what it wants to become, how it wants the environment in which it operates to be, and what its purpose in life is. It concentrates on the future and long term goals which help us provide a clearer vision for the deci...
VN Interview vision articulation is “to become worldwide company which improves youngster soft skills which needed in business environment.” This vision has already answered the criterion of good vision. The criterions of good vision are focus on the future, concrete foundation for the organization and communicate that the business is special and different than the others (Collins & Porras, 1996). Vision without execution is delusion. The goals have serve as unifying focal point of effort and act as catalyst for team spirit. Every goal has its own time limit and detail
the company’s overall mission and priorities and see their part in making things happen (Sull,
Whit the rise of globalization and technology companies are looking for every advantage to gain a strategic advantage. Having a vision, mission and values statement are one way companies have attained these advantages. A vision is a long term aspiration of where the company wants to go. A mission is a long term goal, which is directed toward the stakeholders, and shows what the company wants to accomplish. Values are the principals on which the company operates. Having Vision, Mission and Value statements in place not only gives employees direction but it lets everyone else know what your company is about. Leaders within organizations who have these statements need to ensure full support so the company can continue to maintain a competitive
“Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth”