Essays on Restaurant Industry

Introduction

External environment analysis is a comprehensive look at the organization’s strengths and weaknesses through examining the external factors of the market. There is a wide range of external forces that directly affect the sustainability and performance of the organization. The external environment analysis assesses the level of threat, risk, and opportunity in the outside environment. It helps the organization to make effective decisions on the basis of evaluation and improve the organizational performance. It helps the management to align strategies with the company’s environment. External environment factors are difficult to handle and some factors are uncontrollable that ...

4. Environmental Analysis 4.1. Operating Factors Some of the common goals in any restaurant regardless of size is the desire to make money, control food and labor cost and to retain employees . A restaurant is one of the toughest businesses to run successfully because of the long hours involved, the high turnover and the relatively low pay when compared to the number of hours. Therefore it is clear that human resource is a critical operating factor. An understanding of the nature of the market is also essential; factors like market saturation and market trends are critical to operating a ...

Literature review2

Research methodology..3

The purpose of using interactive digital menus in restaurants and pubs.4 The examples of a digital menu integration in trading venues5 The benefits of using interactive digital menus6 The working principle of e-menu in restaurants and bars 8 Conclusion....10

Bibliography 11

Introduction The current technological conditions are fascinating. The struggle between the outdated technologies and innovations can be seen every single day. The printed information has been already replaced by digital technologies, cell-phones have been replaced by smartphones, tablets and laptops replaced books and journals, and even in restaurant industry, the old-fashioned paper menu is being replaced by new ...

High Turnover in Hospitality Industry in USA and Strategic Way to Solve the Turnover Problem

Introduction Currently, the hospitality industry taking a new route to lead in most economies. The industry is growing at a rapid rate, which is something for celebration. The biggest challenge is the employee turnover. Kim and Jogaratnam, (2010, p. 320) report that a big portion of up to thirty-three percent of the hotel money goes to labor. The current turnover in the hospitality industry settled at thirty-one percent (Batt, Lee, and Lakhani, 2014, p.17). This percentage is very high when broadly looked at concerning the disadvantage of employee turnover to businesses. The culture of the company is always affected ...

MacDonald's is a fast food restaurant, which has 36535 restaurant branches in more than 119 countries throughout the world. It has maintained a lead in the hamburger fast food industry over the years. Its headquarters are at Oak Brook in Illinois, U.S.A. The company has established a website http://www.mcdonalds.com/us/en/home.html through which it advertises its newest offers, and through which customers can access it and get to learn more about it.

Background and History

Maurice and Richard Macdonald's established MacDonald's. It was initially a barbecue restaurant, but as it grew, the owners emphasized more on hamburgers. Ray Kroc later joined the company in ...

Introduction

Restaurant industry involves high-risk business operations. Almost everywhere around the world, restaurants face a high level of local and global competition. It is difficult to establish a restaurant business that differs distinctly from its competitors. According to several research studies, about 60% restaurant businesses shut down within the first year of operation. The restaurant industry has the second-lowest rate of success only behind technology startups. There are many problems and issues faced by restaurant operations. Often ignoring these problems aggravates the situation leading to the closedown of the restaurant business. Five most common problems faced by restaurateurs are an ...

Situation- Mario’s Italian Restaurant is a new restaurant that has recently opened in Overland Park, Ks. The restaurant is currently experiencing difficult times financially. The restaurant is slow and the owner believes it is due to the smaller size and somewhat hidden location. The other restaurants in the area are self-standing. In other words, they are not attached to any other business and are closer to the road. Mario’s Italian Restaurant, on the other hand, is located further off the road in a strip mall. The strip mall is placed behind the self-standing restaurants. Also, Mario’s ...

Business Plan

Executive Summary 3 1.0 Introduction 4 2.0 Operations plan 5 2.1 Location and facilities 5 2.2 Business processes 6 2.3 Distribution and outsourcing 9 3.0 Organizational plan 10 3.1 Management 11 3.2 Mission 12 3.3 Purpose 13 3.4 Vision 13 3.5 Legal structure 13 3.6 Organizational chart 14 4.0 Marketing plan 16 4.1 Price 16 4.2 Product 17 4.3 Place 19 4.4 Promotion 20 5.0 Financial plan 21 6.0 Growth plan 22 7.0 Contingency and harvest strategy 23 8.0 Timeline to launch the plan 25 9.0 References 28 10.0 Appendices 29

Executive summary

Don’t we all enjoy the experience of ...

Month Day, Year

Introduction This purpose of this report is to an analysis different market structures in my local city. The report will assist my mayor to know the kind of businesses in the city. I will analyze the four market structures that I learned in class and then relate them to my local city. The market structures include monopoly, a situation in which there is only a single firm in a particular industry. Oligopoly is the second market structure, where there are a few enterprises and many buyers in a certain industry. The third is monopolist competition, whereby many sellers offer ...

Chipotle Mexican Grill (CMG) is a leading restaurant in the fast-casual or limited-service sector restaurant industry. Limited-service restaurants are a place where customers have the option of eating inside the restaurant, purchasing food through the drive-thru, or just ordering to go. These customers pay for their meals before they eat them. Limited-service restaurants fall into the fast food industry along with cafeterias and buffets. Business models for these restaurants are not very complicated, they typically either own their restaurants or they franchise them out. Some companies own several different types of restaurants that serve different varieties of food. There ...

Overview of the restaurant industry

In the contemporary context, the restaurant industry can be defined as an industry that involves professional restaurants, bars and other providers of food services structured to allow in-service deliveries. It can be considered as a network or a collection of professional food service companies which operate restaurants and other eating places in both at the country level and at the global levels. Hyun et al (2011, 30) assert that these companies operate in services, which include includes full-service restaurants, quick-service restaurants, cafeterias and buffets, and snack bars, among other services. It is one of the largest professional industries in ...

Darden Restaurants, Inc. is an American restaurant consisting of various brands whose headquarter is located in Orlando. The company operates several brands in the United States including Olive Garden, Bahama Breeze, LongHorn Steakhouse, Season 52, Wildfish Seafood Grille, The Capital Grill, Eddie V’s Prime Seafood, and Yard House. The company used to own Red Lobster up until the year 2014 where the business changed hands. Darden had 1534 create and restaurants locations owned and operated by the company and spread in both the United States and Canada. All the restaurants were owned and managed by the firm with ...

Introduction

In the contemporary world, the rise of travel and tourism industries has shown a tremendous resilience, which has been among the main contributors to the growth of hotels real estate in various countries. Thailand is among the countries that have been significantly affected by the geopolitical tensions and economic instability. In 2008, Thailand experience violent clashes that resulted in approximately 9 percent decline in average tourist spending. This also resulted in the closure of the international airports, which consequently decreased tourists and investors' confidence. However, over the past few years, the country has experienced tremendous growth in the tourism ...