Essays on Service Industry

Introduction

There are many accounting systems all over the world, which exist in order to help various companies with the management of their businesses. The relative new financial approach is the Activity-Based Costing (ABC). Following Kaplan and Cooper, it is the type of accounting, which helps to solve the financial problems by using different strategies and approaches to each and every separate financial facility on the bases of the consumed materials and information (Kaplan and Cooper). ABC provides proper management of quality for the service industry with mentioning the peculiarities of development and emphasizing activities that conduct the whole businesses. ...

Introduction

The term ‘social robot’ has become popular in the modern world and is almost being integrated into the modern day cultural constructs as usual. Lamers & Verbeek (2010) maintain that social technology is meant to invoke emotional attributes and to engage the human mind in a way that exceeds what is physical. Lamers & Verbeek (2010) argue that a robot is man’s effort at recreating his own self and it is with this semblance that the conceptualization of human-robot interaction has been captured. Dating back from the 18th century, inventors and scientists alike have been making numerous attempts at making ...

Abstract

In this document, strategic analysis of the two selected industries from the London Stock Exchange for the period January 2015 to December 2015 is presented. 530 and 570 that are Pharmaceutical and Energy Exploration Sector. The second part of this report shares analysis and interpretation of the monthly capital using descriptive analytic and trend analysis. Moreover, business forecasting is done using regression analysis. After seeing the trend lines for market capitalization of the both sectors, it can be seen that the pharmaceutical industry had relatively higher market capitalization average during the period. On the other hand, the market capitalization ...

Introduction 3

Overall Analysis 3 SWOT Analysis 4 Marketing Mix 7 Financial Position 9 Conclusions 10 Recommendations 11

References 13

Strategic Management at Café de Coral Holdings Introduction The food industry is a promising one with growth potential. This is even same in the case of the fast food industry. The concept of eating out has established itself all over. One reason for this is the fast-paced life of the modern world. People are becoming more adventurous in terms of trying out newer cuisines and constantly looking for variety. The Strategic Management of one such company, the Café de Coral Holdings Limited (Listed ...

Analysis of Fogo de Chao Service Marketing

Abstract Contemporary challenges in the business environment are determined by globalization and the increasing complexity of the operations of organizations, which grow outside their national cultures. The effectiveness of marketing strategies for these organizations given high diversity and specificity of business in each of the countries is one of the important discussions in academic context. Service marketing is significantly different from a product for several reasons. To look at the challenges specific to service industry in a context of the international operation, this document analyzes the strategy of Fogo de Chao, Brazilian multinational company, operating steakhouse restaurants in the ...

Internal Analysis

The process of internal analysis helps in identifying and evaluating an organization’s capabilities, resources, and core competencies. Internal Assessment The internal assessment has three main components that are resources, value chain, and core competencies. The assessment of these components helps in determining the internal strength of the company.

Resource Based Views

The resource-based view helps an organization to analyze the tangible and intangible resources that are available at the disposal of the firm and can be used. These resources are determined to develop a competitive advantage of an organization. The main aim of the model is to analyze the internal resources ...

Question 1.

(a) The main operating costs that a major hospital would have include labor as a component which consumes almost two third of all the expenses that are made within the hospital. This includes the overall staff working within a particular hospital. The tests and technology are also a part of the hospital costs as well as the supplies and capital expenses which are approximated to be about 15% of all the expenses incurred in running a hospital. Most of these costs are generally referred to as the capital expenses which are necessary for the running of the hospital ("Categories ...

Abstract

Blue Coral Copters Inc. is on a course of gaining prominence. However, such moves may be thwarted if the current, below par safety measures are put in place. Eminently, the organization is faced with an avoidable tragedy, which can be avoided through simple revision of the current security measures. Just like Blue Coral Copters, agencies in the service industry prosper today based on the safety precautions that they offer to their stakeholders. Thus, the much-needed prosperity at Blue Coral Copters Inc. may only be realized if the organization takes new steps in re-engineering their safety measures. From the assertions ...

PART A

Question one The RBA is the central bank in Australia. It conducts the monetary policies and issues the currency of Australia. Moreover, it seeks to foster the financial system stability as it promotes the safety and efficiency of the system of payments. RBA offer banking services to the Australian government.

Question two

Professional work is conflicting with the demands of the company. For instance, faulty reward systems can encourage unethical conduct. Therefore, several codes of practices have been created in the financial sector such as the ASIC that has the power to approve codes in the financial service industry.

Question three

The presentation ...

Eclectic Forecasting Research Paper

1. The year 2007 is the third year of a series of three consecutive years of broad-based growth in the world. Although developed economies and underdeveloped economies had a world average growth of 3.4 % in 2007 with a previous growth of 4.9 in 2006, the perspective for that year was to an increase in the world growth in 2008 with a value of 3.6% (QUOTE). In the year 2006, 96 of 159 economies of the world increased their gross domestic product with a value higher than 3%, and only nine countries had a negative growth in 2006. The challenge ...

Internal Analysis of PetSmart Inc

Resources are considered to be operational incentive, which a business or an organization may have. Identifying with the PetSmart Inc. the resources that the business has are analyzed from the perspective of the tangibles and the intangible resources. According to Ulrich (2013), the choice of the tangible and intangible resources can best fit the description of the internal environment, which the organization has in terms of business management incentives. Tangible resources The domain of the tangible resources is filled with the resources that are seen and can be handled by the metric measures of resource performances. In this case, ...

The Boston Harber Hotel is one of the most cherished and prestigious hospitality and accommodation destination for many travelers in Boston city. It has served the service industry with memorable moments of history, recognized as a leader-service provider in the industry. The hotel is located at the historic Rowes Wharf in the Bostan's city scape. It attracts a large number of travelers in the city with a promise of variety of services. Their services range from the normal restaurant services and accommodation services. They also provide human therapeutic services such as the Spa and fitness facilities in the industry. ...

Question 1: Would you expect a stronger anti-union response from an employer in manufacturing or an employer in a service industry?

I would expect a stronger anti-union response from an employer in a manufacturing industry than an employer in the service industry. While every industry has a unique way of responding to unions, there is a significant variation on how manufacturing industry employer responds to a union and the service industry employer respond to union action (Fossum, 2014). Despite the fact that most unions are found in manufacturing, the recent pro-union agreement place an emphasis on the need to create unions within the service industry. There are some arguments that support a stronger union response in the manufacturing industry than ...

SUMMERY

INTRODUCTION The manufacturing sector, production means making a product either by using a machine or hand or both. It’s a component of goods producing industry. Unlike trading or service businesses that buy products and sell at a higher price to make the profit, manufacturing instead make products that they finally sell. Manufacturing companies that produce and sell goods needs an accounting system that does not solely look at the accounting aspect only but also sale and purchase of the goods. By this, the accounting system for the manufacturing industry is more complex than the service sector does not ...

Introduction

Background of the Study Hospitality companies constantly require to ensure the satisfaction level of its employees. It is due to the fact that the companies are more effective when they take steps to satisfy their employees (Langton, Robbins & Judge, 2007). The satisfied employees are considered an effective labor force and they become the key asset for the company’s effectiveness (Tepper, Lockhart & Hoobler, 2001). Various authors have identified the organizational performance as well as the willingness of employees to have sound working conditions. According to Jin-Zhao and Jing (2009) human resources are one of the key parts of the ...

Literature Review

Companies have been looking into broader perspectives which go beyond the 4p’s of marketing since the 1970’s . In the modern day, employee customer interface is a concept that is being considered by most businesses. This concept affects the people involved in the business processes and how they interact with each other. This was first implemented through service and marketing and merged both the marketing and the management departments . The employee customer interface assists the company to shed light on other aspects of the business such as service customer and service marketing, among others. The employee's experience at ...

Q1. There is an article posted on Moodle titled, “Using Lean Philosophy to Improve Passenger Departure Flow in Abu Dhabi Airport.” Read this article first and then answer the following part (a) and part (b) questions: After reading the above mentioned article, what were the main lessons learned from this paper? State between 3-6 lessons learned. [3 points] The standard ten wastes of lean manufacturing cannot always be applied in their original state due to the differences in the operational processes and their connection to each other and should be revised in every new situation. The elimination of the ...

PROESSOR

Penalty Rates Penalty rates refer to the compensation paid to employees for working unsociable hours in the Australian employment sector (Craig and Brown 2015). Penalty rates have been adopted in the Australian service industry for over a century, as they have been considered instrumental in promoting the Australian way of life and business growth through opening the shops on weekends. The adoption of penalty rates in the Australian service sector has been considered instrumental in influencing the business operations on Sundays, which has developed into a peak day of activities (Knox 2009). The study seeks to integrate an analysis ...

Introduction

Germany is a leading and developed country of the Europe and has a remarkable influence on the economic structure and policies in the Europe. The country has an area of 357021 square kilometers and a population of 81.4 million people. The economic structure of Germany is social market structure. The country is rich in highly technical and skilled workforce, low levels of corruption and high capital stock. The major reliance is on the exports, and the country is the third largest exporter in the world. The economy of Germany is largest in the Europe, and the makes a fifth ...

Does the company market directly to consumers? Does the company sell through marketing intermediaries (Retailers or Wholesalers)? If so, who are its major intermediary partners? Alibaba Company is an online marketing platform that was initiated with the intention of marketing Chinese products to foreigners. The company markets its products directly to the customers, as their clients are the people who visit their websites to sell or buy products. Alibaba is an e-commercial company which is service-oriented company (Schepp and Schepp).

Sourcing

Are any aspects of the product or service outsourced? Alibaba does not outsource any aspect of their products ...

Individual Project of McDonald’s

Individual Project of McDonald’s Different organizations belong to different industries. One of the most distinct among them is the food and service industry. Thousands of organizations belong and operate within this industry. It is otherwise defined as catering industry, which provides prepared meals such as restaurants and fast food chains. Food service industry is important when it comes to sustaining the supply of food products in the market. Thus, food service companies are known to influence the people’s eating habits (United States Healthful Food Council, 2012). For many individuals, eating out became a necessity more than luxury. ...

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 ...

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 ...

Financialization is the process by which financial institutions increase in size and influence on the overall economy by strengthening the country’s financial sector. The process occurs in countries that are perceived to have shifted their economies from industrial capitalism. It has been occurring in the United States and other parts of the world since the 1970s. The process has affected both the macro economy and the micro-economy by changing the manner in which financial institutions are structured and operate in the entire economy. The United States has experienced high levels of financialization through the loss of manufacturing and ...

LITERATURE REVIEW

Literature review When in the MSDI conference that was conducted in the late 1980s and at the beginning of 1990s, the concept of brand equity was discussed then participants agreed that there are two sorts of brand equity that includes financial brand equity and consumer based brand equity. Financial brand equity is related to the value of the company as it the brand of the consumer is treated as an asset. However, the consumer based brand equity (CBBE) is related to the value of customers because the brand adds convenience in the lives of customers (Cant, Strydom & Jooste, 2009). ...