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    MONDAY,FEBRUARY9,2015

    SmallBusinessEnterprise

    SmallBusinessEnterprise1.Investigateperformanceofaselectedsmallbusinessenterprise.1.1

    J&SfurnitureisafurnituremanufacturingcompanyownedbytwobrothersJohnandSmith.J&Sstartedoperationsin2006andthereisasatisfactorygrowthinthisbusinesssincethen.Howevertherearefallinturnoverinsomemonthsaswell.J&SimportwoodfromAsiancountriesandmanufacturefurniture.Companyhadbeenabletogetmassivediscountsfromitssuppliersbecauseofbulkbuyingsothishadhelpedthemtokeeptheircostundercontrol.Howevergovernmentpoliciessuchastaxesonimports,interestratesandexchangerateshavehadnegativeimpactonthisbusiness.Taxesonimports

    SinceUKgovernmentistaxingheavilyonimportsfromnonEUcountriesthishadaffectedJ&SalotthereforenowJ&SislookingwhethertheycanfindoutacheapersupplierfromUKorEU.Interestrates

    RecentincreaseininterestratesaffectedJ&S'sprofitmargins.SoJ&Sisthinkingofincreasingthepricebutiftheyincreasethepricethedemandmayfall.Exchangerate

    J&Sispurchasingrawmaterialsoverseasandrecentdepreciationinpoundhadanegativeimpactonitscostofproduction.J&ScurrentlyhaveeightbranchesinLondonandtheirshorttermgoalistobecomealeadingfurnituremanufacturerinUKbytheendof2009andbecomealeadingfurnituremanufacturerinEUbytheyear2012.

    1.2J&Shadbeenperformingwellfromthestarteventhoughthereisafallinprofitsinsomemonths.Itiscompany'sviewthatthis

    isduetowelltrainedstaffandgoodcustomerservicegivenandalsocompanyisenjoyingpurchasingeconomiesofscaleduetobulkbuying.CompetitorbenchmarkinghelpedJ&Stoidentifyitsminusesaswellascompetitor'sthereforecompanytookallpossiblemeasurestocorrectminuses.Thisisonereasonwhycompanysalesroseupsuddenlyinlasttwomonths.J&Scarriedoutatrainingprogramabouttwomonthsagoandthereseemtobeamassiveincreaseinproductionefficiencyandworkersaremotivated.1.3Strengths*Beingaleaderinthefurnitureindustry*Widermarketshare*Goodcustomerservice*Goodoffersatlowprices*AttractiveofferscomparedtocompetitorsWeaknesses*DifficultiesinfindingoutareliablesupplierfromEUorUK*Limitedbudget*Placeofoutlet*Lackofstrengthtoborrowasbusinessisstillsmall*Damagedreputation

    2.Proposechangestoimprovemanagementandbusinessperformance.2.1ThemainweaknessofthecompanyisdifficultyinfindingoutacheaperandreliablesupplierfromanEUcountry.Eventhough

    J&Striedtheycouldnt.Thereforetheyshouldatleasttrytoincreasethediscountinordertocoveruptheirtaxes.Companycanexaminethedesignoftheproductandmakeimprovements.Sincefurnitureisaproductwherethecustomerslookatattractivenessmanagementcandevelopalternativedesignswhicharemoreattractivetothecustomer.Customerswillhaveawiderchoiceandcompanycanspreadtherisk.Thisisgoodforreputationaswell.Companyshouldtrytoidentifywhatfeaturesinthedesignshouldberemoved.Iftheseunwantedfeaturesareremovedthenthecostofproductionwillfallresultinginhigherprofits.Whencompanyismakingmoreprofitsithasstrengthtoborrowmoneytofunditsoperations.J&Sshouldtrytoinvestinnewtechnologysuchascomputersoftwaretodesigntheproductsoitmaybepossibletodevelopadesignwithouterrors.The

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    Unit14TouroperatormanagementUnit14TouroperatormanagementThisunitenableslearnerstogainunderstandingofthetouroperatorsindustry,t...

    UNIT1:THECONTEMPORARYHOSPITALITYINDUSTRYUNIT1:THECONTEMPORARYHOSPITALITYINDUSTRYUnit4Researchprojectinhealthandsocialcare

    UNIT2:FINANCEINTHEHOSPITALITYINDUSTRYUNIT2:FINANCEINTHEHOSPITALITYINDUSTRYFinanceintheHospitalityIndustryR/601/1789415LO1Understandsourceso...

    UNIT1:THECONTEMPORARYHOSPITALITYINDUSTRYSolutionUNIT1:THECONTEMPORARYHOSPITALITYINDUSTRYGetguidelineherehttp://btechndcourse.blogspot.in/2014/07/unit1contemporaryhospital...

    UNIT9:HUMANRESOURCEMANAGEMENTFORSERVICEINDUSTRIESUNIT9:HUMANRESOURCEMANAGEMENTFORSERVICEINDUSTRIEShumanresourcemanagementhumanresourcemanag...

    Unit21:SMALLBUSINESSENTERPRISEUnit21:SMALLBUSINESSENTERPRISEBusinessEnterpriseH/601/1098investigatetheperformanceofasele...

    UNIT5:FOODANDBEVERAGEOPERATIONSMANAGEMENTUNIT5:FOODANDBEVERAGEOPERATIONSMANAGEMENTFoodandBeverageOperationsManagementL/601/1791LO1Understand

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    qualityoftheproductwillbesuperiorandproductperformancewillbesuperior.J&Sshouldtrytoinvestonrobotsinmanufacturingbringtheproductintothemarketearlierthanthecompetitorthentheycanhaveanadvantageoverthecompetitor.Althoughthismayreducehiscashflowforsometimeitwillforsurebenefithiminthelongrun.2.2

    SinceJ&SisoneofthemarketsleaderinLondontheyshouldtrytobenumberoneandmaintainthatposition.Howeveritisnotaneasytask.Theyshouldadvertiseitsproductineverypossibleway.EcommerceisagrowingmarketandpresentlygrowingnumberofcustomersareusinginternettobuyproductsoifJ&Sdidn'tadvertiseintheinternetitwillbelaggingbehinditscompetitorsanditwillbeloosinglotofrevenue.SinceinternethasaglobalreachJ&Sshouldadvertiseintheinternetbecauseitwillhelpthemtoincreasetheirmarketshare.J&Sshouldcarryoutamarketresearchandfindoutcustomer'sneedsandgiveoffersaccordingtotheirneeds.IfthisapproachisusedJ&Scanmaximizeitssalesrevenueinallthebranches.3.Revisebusinessobjectivesandplanstoincorporateproposedchanges.3.1

    SinceUKisinaeconomiccrisiscompanyisplanningtoopenupatleasttwobranchesinanotherEUcountrysuchasFranceandGermanyinordertoincreasethemarketshareandspreadtheriskJ&Sisplanningtofundthesenewprojectsfromtheirretainedprofits.Actionplan

    1stNov2008Haveameetingwithallthepartnersanddiscusstheiropinionsinordertodonecessaryamendmentstotheplan.15thNov2008Explaintheworkersaboutthenewprojectandmakethemunderstandthebenefitsofthis.31stNov2008Examinethenewmarketandidentifytheneedsofthenewcustomers.15thDec2008Contactthesuppliersandordertherawmaterialsneededfortheproducts.1stJan2009Openuponlyonenewbranch.

    1stJune2009ComparetheactualresultsofthenewshopswithbudgetedfiguresofthefirstsixmonthsiftheyareachievedthetargetsthatmeansthecompanyisfunctioningwellIfnotamendtheplanaccordingtothechangingmarketconditions.IfthetargetsarenotachievedJ&Sshouldidentifyreasonsadversevariancessuchaschangesincustomer'swants.31stDec2009Aftertheendof1styearthecompanyshouldcarryoutamarketresearchandanalyzeallitssalesfiguresinordertogetaclearpictureaboutthecurrentpositionofthecompanyandsettargetsforthenextyear.15thJan2010Makearrangementtoopenupthesecondoutlet.1stJune2010carryoutamarketresearchandidentifyminusesandtakeremedialactions.31stDec2010Comparetheperformanceofthesenewbranchesandtocompeteinthemarket.4.Examinetheimpactandmanagementofchangeinthebusinessoperations.3.1

    WhennewbranchesareopenedthebusinessoperationsbecomemorecomplexandcompanywillnotbeabletofocusonservicesthereforeSmithmustmakesuretodesignitsbusinessplansinawaythatallobjectivesareachievedatthecorrecttime.Ifonethingwasneglectedthiswillaffectthebusinessplannegativelyresultinginheavyfinanciallosses.WhennewbranchisopenedSmithshouldrecruitmoreworkers.Theyshouldalwaysmakesuretorecruitpeoplewhohaveexperienceinthesimilarfield.Thisismoreeconomicalthantraininguntrainedpeopleandalsoworkinghoursshouldbearrangedinawaythatworkersdon'tfeelstress.Minorstaff'sopinionssuchascustomerserviceassistantsshouldbetakenintoconsiderationwhenmakingdecisionsbecausetheyarethepeoplewhoaredealingwiththecustomers.Sincethecompanyisenteringtoanewmarkettherearebarrierstoentrysuchasculturebarrier,languagebarrier.Smithshouldadoptthelocalcultureinthatmarket.Ifnottheymayfinditdifficulttosurvive.

    PESTAnalysisPPolitical/LegalfactorsEEconomicfactorsSSocialandculturalfactorsTTechnologicalfactorsAllthese4factorsarefoundintheenvironment.ChangesinPESTfactorscanhaveanimpactoneeverybusiness.Ifmaybeapositiveornegative.Economicfactors

    Economicfactorsrefertochangeininterestrates,Exchangerates,Inflation,changesintheeconomicgrowthandchangesinthetaxrates.Allthesechangeswillhaveaneffectonthebusiness.

    Eg.IftheinterestratesincreasecostofborrowingwillincreaseandtheJ&Smayhavetocutdownontheborrowing.WheninterestratesincreaseoperatingcostwillincreaseandtheJ&Smayhavetoincreasetheprice.ThismayaffectJ&S's

    differentfood...

    UNIT4:RESEARCHPROJECTUNIT4:RESEARCHPROJECTProjectK/601/0941LO1Understandhowtoformulatearesearchspecification

    Unit12HOSPITALITYOPERATIONSMANAGEMENTUnit12HOSPITALITYOPERATIONSMANAGEMENTHospitalityOperationsManagementH/601/1795LO1Understandtheoperationalandeconom...

    Unit13CONFERENCEANDBANQUETINGMANAGEMENTUnit13CONFERENCEANDBANQUETINGMANAGEMENTConferenceandBanquetingManagementM/601/1797LO1Understandthenatureoft...

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    Unit6BusinessDecisionmaking

    SmallBusinessEnterprise

    SMALLBUSINESSENTERPRISE

    Foodandbeverageservices

    FoodAndBeverageOperationsManagement

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    sales.

    Taxation

    Iftaxationincreasestherewillbeafallinprofits.DividendstoJ&SpartnerswilldecreaseandtherewillbefallininvestmentbutifthereisareductionintaxationJ&Scanmakehigherprofits.

    Inflation

    IftherateofinflationincreasestherewillbeanincreaseinthecostonandJ&Swillbecompelledtoincreasethesellingprice.J&Swillbecomelesscompetitiveinthemarket,consequentlyvolumeofsaleswillfallthereforeinflationaffectsales.

    Fromtheaboveegs.wecanseethatchangesineconomicfactorsmayhavefavorableoradverseimpactthereforeitisnecessarytoconstantlymonitorchangesintheeconomicfactors.Technologicalfactors

    Changesintechnologymayhaveanimpactonthebusiness.Technologyhaschangedhowservicesareprovidedtocustomers.IncreaseininternethadeenabledPeoplefromothercountriestoVisitJ&Swebsiteandsubmitapplications.ThiswillhelpJ&Stoattractmorecustomers.J&SuselatesttechnologyreplacingpapercommunicationtherebyLCMIThavebeenabletoshowbetterresultsbyusingbettertechnology.

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    SMALLBUSINESSENTERPRISE

    INTRODUCTIONAsmallbusinessisabusinessthatisprivatelyownedandoperated,withasmallnumberofemployeesandrelativelylow

    volumeofsales.Smallbusinessesarenormallyprivatelyownedcorporations,partnerships,orsoleproprietorships.Thelegaldefinitionof"small"variesbycountryandbyindustry,rangingfromfewerthan15employeesundertheAustralianFairWorkAct2009,50employeesintheEuropeanUnion,andfewerthan500employeestoqualifyformanyU.S.SmallBusinessAdministrationprograms.Smallbusinessescanalsobeclassifiedaccordingtoothermethodssuchassales,assets,ornetprofits.Smallbusinessesarecommoninmanycountries,dependingontheeconomicsysteminoperation.Typicalexamplesinclude:conveniencestores,othersmallshops(suchasabakeryordelicatessen),hairdressers,tradesmen,lawyers,accountants,restaurants,guesthouses,photographers,smallscalemanufacturing,andonlinebusiness,suchaswebdesignandprogramming,etc.

    Whydopeoplestartasmallbusiness?Somewanttospendmoretimewithfamily,andstartingabusinessallowsthemtodothat.Somefinditexhaustingtobeoutsidethehouseallday,dealingwithtraffic,coworkers,meetingsandinterruptions.Somepeoplehateansweringtoabossallthetimeneedingpermissiontoscheduleadentistappointmentortakethedayoffwhenthey'resick.Somepeopleareunmotivatedbythesecurityofaregularpaycheckandpreferthechallengeofthedirectrewardsorlossesthatentrepreneursseefromtheirefforts.

    Maybeyouwanttobuildanempireandbecomefamous,orcreateawealthgenerationmachinethatyoucanpassontoyourchildren.Orperhapsyoucan'tconvinceanyonetorecognizeyouruniquevisionandyou'vedecidedthatitwillnevercometofruitionunlessyoustrikeoutonyourown.Ormaybeyou'rethinkingofselfemploymentbecauseyou'vebeenunemployedforsolongthatyoufeelthatyou'veexhaustedalltheotheroptions.

    Becomingasmallbusinessownerhasuniquechallengesandrewardsthataren'trightforeveryone.Youmustbedriven,disciplinedandabletoidentifyaproductorservicethatpeopleneedonethattheywillpayenoughfortoallowyoutolivecomfortably.Youhavetodevelopmarketingskillsandbeabletofindyourownwork,becauseitwon'tfallintoyourlapuntilafteryou'rewellestablished.Businessownersneedtounderstandhowtobudget,keeprecordsandhandlesmallbusinesstaxes.Theymustfamiliarizethemselveswithemploymentlawsiftheywanttohirestaff.Theyalsoneedaplanforprotectingtheirbusinessandeverythingthat'stiedtoitifsomethinggoeswrong.TASKONE

    Usinganorganisationofyourchoice,explainthefollowing:DescribetheprofileofaselectedsmallbusinessHaabasbeautysaloon

    SMALLBUSINESSENTERPRISE

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    HaabasbeautySalonhasbeenservingtheGambianforover3years.Theowner,Haaba,has3yearsexperienceasahaircutterandasaprofessionalstylistforweddings,proms,andspecialoccasions.Thesalonhasafullservicestaffwithverylittleexperienceinhairandnailcare.HaabasSalongoalsaretocreateafriendly,relaxed,warm,andcomfortableplaceformenandwomen,children,andfamilies.Shealsoenjoysprovidingsalonservicesforpeopletoenjoyhavingtheirhairandnailsdone.Thesalonsinteriorprovidesanaturalenvironmentfilledwithbeautifulgreenery,soothingstereomusic,andcableTVtomaketheentirefamilyfeelcomfortable.Haabaisalwaystheretofinishupclientshairsoastogivethemthebestlooks.Thesalonservicesofferedarehaircuts,highlightcolouring,perms,updos,bridal,homecoming,specialoccasionstylesandnailcare.Makeanappointmenttodayandexperiencethefriendly,warm,andcomfortableserviceyoudeserve.

    ReviewandanalysetheperformanceofabusinessPerformancemeasurementcouldbeseenintwowaysmainly,*Organisationalperformancemeasurement*Individual/workforcemeasurement

    ORGANISATIONALPERFORMANCEMEASUREMENTUnderthesection,performancesaremeasuredunderthefollowingcharacteristicsorelement:*Levelofoutputisitbelow

    expectationsoraboveexpectation?Isthereanydeviationbetweenplannedresultsoractualresults?*Theprofitabilityoftheorganisation.

    *Thelevelofmarketshare.*Thesalesreturnandreturnoncapital.*Durabilityintermsoftime,frameandbusinessexistence.INDIVIDUAL/WORKFORCEMEASUREMENT

    Here,performanceismeasuredbytakingintoaccountsthefollowingelements:*Thelevelofovertimespentbytheindividualbeyondthenormaltime.*Howefficientandeffectiveistheworkforceorindividualefficiencyandeffectivenesstakesintoaccountperformingataskwithinashorterperiod,competencyreductioninerrorsandmistakes*Theoutputandthetimeframerequired.

    *Thelevelofpunctualityandcommitmentoftheworkforcetowardsmeetingobjectivesandgoals.*Themeetingofabenchmarkorayardsticksetbytheorganisationormanagement.

    IdentifythestrengthsandweaknessesofthebusinessSmallEnterpriseStrengthsPersonalTouch

    Customerswilloftenpayapremiumforpersonalizedattention.Inmanycompanieswhereproductsandpricesdifferencesareminimal,thehumanfactoremergesasaprimecompetitiveadvantage.GreaterMotivation

    Keymanagementofsmallenterprisenormallyconsistsoftheowner(s).Theyworkharder,longerandwithmorepersonalinvolvement.Profitsandlosseshavemoremeaningtothemthansalariesandbonuseshavetotheemployeesofamultinationalcompany.GreaterFlexibility

    Asmallenterprisehastheprimeadvantageofflexibility.Bigcompanycannotstopoperationwithoutoppositionfromorganizedlabor,orevenincreasepriceoftheirproductswithoutpossibleinterventionfromgovernment.Smallenterpriseshaveshorterlinesofcommunication.Theirproductlinesarenarrow,theirmarketlimitedandtheirfactoriesandwarehousesarecloseby.Theycanquicklyspottroubleoropportunityandtakeappropriateaction.Lessbureaucracy

    Insmallbusinessthewholeproblemcanbeunderstoodreadily,decisioncanbetakenquicklyandtheresultscheckedeasily.Butinamultinationalcompany,bogusmanagementstructurecanleadtodelayintakenactionandbureaucraticinfluences.Unobtrusive(LessConspicuous)

    Smallcompanycantrynewsalestacticsorintroducenewproductswithoutattractingundueattentionoropposition.Thisispossiblebecauseitisnotquiteasnoticeableasmultinationalcompany.Largecompanyisconstantlyfacedwithproxybattles,antitrustactionsandgovernmentregulations.Itisalsoinflexibleandhardtochangeorrestructure.

    WeaknessesofsmallbusinessenterpriseLocation

    Thelocationofmyshopisverybad.Duringtherainyseason,therearemassivepoolsofwaterandcarsrarelywanttocomearoundthatarea,therefore,Ihardlyhaveanyclientsduringthatperiod.Attitude

    Theattitudeofmystafftowardsaclientisexcellentbuttheyhardlycometowork.Iftheyevershowup,itsneverontime.I

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    havetoalwayscallthemandwakethemupbeforetheycometoworkandtheabsenteeismisveryrampant.Itisalwaysoneexcuseortheother.Managementstyle

    ThemanagementstyleIuseinmysalonislaissezfaire.Ioffernoorverylittleguidancetomystaff,amidstleavingthemtomakedecisionsontheirown.Asmuchasitcouldbeovertlyeffectiveinthosesituationswheremostemployeesormembershappentobehighlyqualifiedandskilfulintheirareaofexperience,ithasoftenledtopoorrolesdefinitionplusasheerlackinmotivation.Qualityofproducts

    Iuseverypoorqualityproductsinmysaloon.Ibuythecheapthingssoastogetmoreprofitattheendoftheday.TheshampooandhairlotionsIusehaveverypoorqualitytherebydestroyingmyclientshair.Thisthereforediscouragesthemtocomebacktomysaloon.ExternalOpportunitiesandThreats

    Situationalanalysesconsideropportunitiesandthreatsfromtheexternalenvironment.Externalopportunitiesincludethingssuchasgapsinthemarketthatnocompanyiscurrentlyserving,newmarketsandothercleargrowthopportunities.Externalthreatsincludenewproductreleasesfromcompetitorsandnewcompetitorsarisinginthemarket.Arangeofexternalfactorscanpresenteitheropportunitiesorthreats,dependingonthespecifics.Changesinthelaw,forexample,canprovidedistinctopportunitiestosomebusinessesinanindustrywhilethreateningthesurvivalofothers.Changingconsumerpreferencesandmarketchangingnewproductcategories,asanotherexample,cangivenewentrepreneursaworldofopportunitieswhileseriouslythreateningestablishedbrands.

    RECOMMENDATIONSTOOVERCOMEWEAKNESSESLackofexperience.Noteveryoneiscutouttobeanentrepreneur.Analyzethestrengthandweaknessesofstartingyourown

    business.Itisimportantforbusinessownerstobeselfstarterswhoaregoodatplanning,organizing,andmakingdecisionsthatcanbenefittheirbusinessinthelongterm.Itisalsoimportanttochoosetherightbusinessforyouwhichmaynotbethemostprofitable,buttheoneinwhichyouhavethemostinterestandskillsets.Networkwithothermoreexperiencedbusinessownersonlineandinyourcommunitytoobtainfeedbackonhowyoucanstartandmaintainasuccessfulenterprise.Poorbusinesslocation.Knowingyourtargetconsumerswillhelpyouidentifywheretobestmarketyourproductsandservices.Insufficientcapital.Manyentrepreneursarenotawareexactlyhowmuchtheyneedforstartupcapitalandhowlongitwilltakebeforetheirbusinessturnsasteadyprofit.Doyourresearchandplanaheadtoidentifyareaswhereyourbusinessmayfallshort.Investigatepossiblefundingsources,suchasventurecapitalists.Poorcreditarrangements.Acomprehensivebusinessplanwillhelpeliminatepoorcreditarrangements.Poorinventorymanagement.Keepupdatedandaccurateinventoryrecordstoavoidfutureproblems.Unexpectedgrowth.Althoughitisoftenhardtopredictthefutureeconomy,comeupwithaplanforwhattodoinbothpositiveandnegativesituations.Considerconsultingcompaniesthatspecializeinhelpingbusinessesdealwithsituationsinvolvingunexpectedgrowth.

    Benchmarking:Ifonepersonlagsbehind,theorganizationcan'tmoveforwardasaunit.Itisdifficulttoevaluateanemployee'sperformanceifyoudon'tknowwhatstandardsyoushoulduse.Benchmarksarestandardsforemployeeworkthatthecompanyrequires.Theemployee'sabilitytomeetthosebenchmarksshouldbethefoundationoftheperformanceevaluation.Setbenchmarksinseveralareasandcommunicateyourexpectationsformeetingstandardstoemployees.BenchmarksforProductivity

    Employeesshouldknowexactlyhowmuchworktheyareexpectedtodoinaworkday.Theoptimumsituationiswhenthisproductivitycanbemeasured,suchasinproducinganumberofunits.Evennonmanufacturingproductivitycanbemeasured,however,intermsofsales,publicityarticleswritten,contactsinitiated,successfulnegotiationsandsoforth.Setspecificbenchmarksinanyareaofproductivityinwhichyouwanttomeasureanemployee'seffectiveness.BenchmarksforQuality

    Qualityofworkmustbeapartofaperformanceappraisal.Establishlevelsofexpertiseyouexpect,andusethoseasbenchmarks.Youcanmeasureerrorrateinproductsproduced,customersatisfactionandeffectivenessofprojectsagainstastandardyouestablish.Thiscanbestatedasapercentage.Example:Employeemeetsqualitystandards85percentofthetime.BenchmarksforLivingUptoCompanyValues

    Eachcompanyshouldhaveamissionstatementandasetofvaluesbywhichitoperates.Yourperformanceappraisalcanassesshowoftenandhowwellanemployeelivesuptothosevalues.Setabenchmarkthatdemandscomplianceintheneighborhoodof90percentofthetime,andseehowyouremployeesarealignedwithcompanyvalues.BenchmarksforProductorServiceEffectiveness

    Ifyourproductorservicedoesnotliveuptocertainstandards,youwillsoonbeoutofbusiness.Thisisatleastpartiallytheresponsibilityofemployees.Evaluateemployeesagainstaproductorserviceeffectivenessbymakingthemresponsiblefor

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    improvements.Youcansetbenchmarksformakingimprovements,suchas:Employeecontributesqualityimprovementsuggestionsfrequently.Theword"frequently"wouldbeyourbenchmarkinthiscase,andthoughitissomewhatsubjective,atleastitgivesyouastartingpointforevaluations.Definitionofjobprocedures:Establishedworkprocedureshaveproventobebeneficialinmanyways.Theyplayanintegralroleinperformingjobssafely,providingstandardizedtrainingandbeingassistivewithinvestigations.Jobproceduresaredefinedasastepbystepdescriptionofhowtoproceed,fromstarttofinish,inperformingataskproperly.Whereconfusionseemstorunrampantisindeterminingwhetherajobrequiresanactualjobprocedureorshouldbeconsidereda"task"whichisasegmentofworkwhichrequiresasetofspecificanddistinctactionsforitscompletionorifitshouldbea"practice"whichisasetofguidelineshelpfulforaspecifictypeofworkthatmaynotalwaysbedoneinthesameway.Planning

    Planningisanessentialbusinessfunctionthatrequiresadedicatedeffortfromthecompanysmanagementteaminordertofullyrealizethebenefits.Companiesoftenhaveanannualplanningprocesswherebythestrategiesandbudgetfortheupcomingyeararedetermined,but,ideally,planningshouldbeapartofeverydaymanagementthinking.Itisamindsetofcontinuallylookingforwaystomaketheenterprisemorecompetitive.Duringtheplanningprocess,goalsaresetforboththeshortandlongterm.Oncegoalsareset,strategiesaredeterminedtoreachthegoals.Informationistherawmaterialthatfuelstheplanningprocess.Managementmustgatherdetailedinformationaboutthestrengthsandweaknessesofcompetitorsinordertocomeupwithstrategiesthatcreateacompetitiveadvantageforthecompany.Marketresearchisalsokeyunderstandingyourcustomerswillallowyoutobetterattractandservethem.Consumersneedschange,theirtasteschange,andwhattheyarewillingtopayforproductsorserviceschangesdependingontheeconomicenvironment.Planningrequiresvision,ortheabilitytoseesuccessforyourcompanybeforeitoccurs.Knowingwhereyouwantthecompanytobeinthreetofiveyearsandwhatyouwanttoachieveduringthattimeisanessentialingredientofsuccessfulplanning.Companiesmustallocatetheirresourcestowhattheydeterminearetheirbestopportunities,andshouldbeconstantlyseekingoutnewopportunities.Acompanysbestopportunitiesresultfromacombinationofitscapabilities,orwhatitdoesparticularlywellincomparisontoitscompetitors,andwhatthemostcriticalcustomerneedsare.ThebusinessownermustanticipatethisandbringinadditionaltalentaswellasbuildtheskillsoftheexistingteammembersthroughadditionaltrainingandeducationSOURCESANDAVAILABILTYOFPROFESSIONALADVICE

    Amanagementofanorganisationmightnotbeinabetterpositiontosolveorovercomethefundamentalweaknessesofbusinessperformance.Therefore,shareholdersandmanagementmayprefertocallonexternalpartiesbasedonareaofspecialty.Whateverconcreteadvicesaregivenandimplementedwithintheorganization.

    Externalsourcesofprofessionaladvicesusuallycomefrom:Financialconsultant:provisionofsalientadvicesonfinancialstatement,cashflowstatement,tradingprofitandlossaccount.

    Managementconsultantprovisionofadvicesonmanagementstructure,planningandcoordinatingofactivities,taskallocationanddefinitionofjobs,humanresourcesplanning,whichwouldbebasedondivisionoflabourandspecialization.Legalconsultanteveryorganizationhasalegalpractitionerthathandleslegalmattersoftheorganization.Thepractitioneradvicesonappointmentofstaff,legalrelationshipbetweenthegovernmentandtheorganization,betweenmanagementandstaffandbetweenbusinessandbusiness.Itistheresponsibilityofmanagementtoimproveonitsexistingfinancialrecords.Keepingtrackrecordsondebtcollection,payrollsystem,andfinancialauditingandbalancesheetstatementwilldefinitelyimproveonexistingweaknessesoftheorganization.Failuretoabidetothisfinancialdisciplinewilldefinitelycreatebankruptcyandliquidationoftheorganization.Failuretoabidetothisfinancialdisciplinewilldefinitelycreatebankruptcyandliquidation.

    USINGTHESAMEORGANISATION,SUGGESTNEWARESOFEXPANSION:ANDINVESTIGATEWAYSOFSTRENGTHENINGEXISTINGPERFORMANCE.FindingnewcustomersisthemajorchallengeforSmallbusinessowners.Smallbusinessestypicallyfindthemselvesstrappedfortimebutinordertocreateacontinualstreamofnewbusiness,theymustworkonmarketingtheirbusinesseveryday.Commonmarketingtechniquesforsmallbusinessincludenetworking,wordofmouth,customerreferrals,yellowpagesdirectories,television,radio,outdoor(roadsidebillboards),print,emailmarketing,andinternet.ElectronicmedialikeTVcanbequiteexpensiveandisnormallyintendedtocreateawarenessofaproductorservice.*2.2)investigatewaysinwhichexistingperformancecouldbemaintainedandstrengthenedAstherearelotofsmallbusinessesacrosstheglobe,itisnecessarytomaintainsustainabilityandsurvival.Theactofmaintainingandstrengtheningexistingbusinessbymanagementandshowproprietorshipisquitedifficultandcomplex.Butnevertheless,itisaresponsibilitybestowedonownerstomaintainandstrengthentheirprojectsororganisations.Thesefactorsorelementsarecharacterizedwiththemaintenanceandstrengtheningofexistingbusiness:MARKETSHARE/POSITIONING:marketshareisthenumberofcustomersportfolioattachedtothatbusiness,anditisalwaysdeterminedinpercentage.Agivenpercentagemustbemaintainedasamarketshareinorderforsustainabilityandgrowth.BUSINESSPENETRATION:thestrengtheningofabusinessrequiresconstantandpersistentmarketpenetrationinallcornersofthesegmentedmarketsbyreducingthepriceforproductsandmaintainingqualityproductanddelivery.CUSTOMERRELATIONSHIP:existingbusinessmustestablishcordialandfriendlyrelationshipbetweentheorganisationanditscustomers,regardlessofwhetherthecustomerisanexistingorpotentialone.MAINTAINING

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    APPROPRAITEPERFORMANCERECORD:themanagementmustcloselymonitortheperformanceoftheworkforce.Theperformancerecordtakesintoaccountabsenteeism,highlabourturnover,punctuality,productivityandefficiency,etcADVISORYRELATIONSHIP:businessesmustreceiveadvicesfromexpertsinallcornersinordertoprotectthebusiness.Someofthefundamentaladvisorscomefromlegalpractitioners,financialconsultants,managementandmarketconsultants.PRODUCTQUALITYANDDELIVERY:theresearchanddevelopmentshouldconstantlyworktomaintainandprovidequalityproductandservices,plusquickdeliveryandaccessibilitybycustomers.HowdoIStructureaPerformanceReview?

    Theperformancereviewiswrittentomeetseveralgoals.Thosegoalsincludejudgingtheviabilityofyouremployeesperformance,benchmarkingthatperformanceanddevelopingacareerpathforyouremployee.Whiletheinformationwithinthereviewwillvarybyemployee,thestructureofeachperformancereviewshouldbequitesimilar.GeneralPerformance

    Theemployeesgeneralperformanceincludesbasicworkplaceresponsibilities,suchasattendance,punctualityandpolicyadherence.Generalperformancealsoincorporatesthesoftresponsibilities,includingattitude,cooperativeness,approachabilityandtheemployeesoverallabilitytotakecleardirection.Althoughtheseaspectsarenotimmediateaspectsoftheemployeesspecificjobresponsibilities,theseaspectscangreatlyaffecttheoverallsuccessorfailureoftheemployeesjobsuccess.Therefore,itisimportantthatyounotonlyaddresstheseaspects,butprovidesupportingexamples,suchasanattendancerecord,customercomplimentorcustomercomplaint.SpecificJobResponsibilities

    Thespecificjobresponsibilitiesaretheimmediateitemsinwhichtheemployeeisresponsibleforcompletingeverydayandwithoutfail.Dependingontheposition,theseresponsibilitiesmayincludecustomerservice,sales,inventoryandevenresolutions.Thesearetheresponsibilitiesthatdirectlyaffectthebusinesswhentheyarenotcompleted.Yourreviewofthesespecificsshouldincludeacloseanalysisofyouremployeesproductivityandsuccesswithintheposition.Likethegeneralperformancesection,youshouldsupportyourfindingsandcommentswithsupportinginformation.Thiswillmaketheinformationandfindingseasierfortheemployeetounderstandduringyourperformancereviewdiscussion.YeartoYearComparison

    Ifyouareevaluatingatenuredemployee,yourperformancereviewshouldincludeasectionthatprovidesayeartoyearorevaluationtoevaluationcomparison.Thecomparisonshouldreviewthecontinuedprogress,aswellastheareasthatneedimprovement.Thisevaluationcomparisonwillalsobegintoshowapatternofexpectancyfromyouremployee.Intheeventofapoorevaluation,acomparisonofevaluationswillhelpyoutoidentifyifyouremployeeisjusthavingasubparyear,strugglinginacertainareaorsimplyneedingachangefromtheposition.Comparisonsalsohelptoidentifyemployeesthathavegrownthroughtheirpositionwithhopesofadvancementorpromotion.

    GoalSettingsGoalsettingisanessentialforceintheperformancereview.Thegoalsthataresetwithintheperformancereviewarebased

    onthefindingsoftheaforementionedsections.Thisindividualizedsectionwillprovidetheemployeewithstepstowardimprovingtheirpositionandsuccesswithinthecompany.Thegoalsshouldincludeitemssuchasimprovedattendance,refinedmetricsadherenceandimprovedaccuracy.Thegoalsshouldbeclearlystatedandwithintheemployeesreach.Considerations

    Itisimportantthatyouprovideanunbiasedreviewoftheemployee.Theperformancereviewshouldbebasedonfactsthataresupportedwithevidencethathasbeencollectedthroughouttheyear.Avoidusingrumors,innuendosandguessworkwhencompletingtheperformancereview.Itisalsoadvisedthatyoucompletethereviewwhenyouareclearheaded,wellrestedandwithoutangertoensurethatyouprovidingafairreview.

    *2.3)SUGGESTNEWAREASINWHICHTHEBUSINESSCOULDBEMAINTAINEDANDSTRENGTHENEDJUSTIFYINGSUGGESTIONS.

    Newopportunitiesarebenefitedandcompetitivemeritsopenedtoexistingbusinesses.Whethersmallorlarge,businessfacesopportunitiesduringtheirstayinoperationorbusinessactivities.Someofthenewopportunitiesavailabletoexistingbusinessesareasfollows:

    IDENTIFICATIONOFAREAOFEXPANSION:itistheresponsibilityofmarketerstoexpandtheirmarketingactivitiestoareasoutsidecentralmarketing,butrathertoevaluateandtargetmarketthatfallsoutsidetheirgeographicallocations.Thissimplymeansthattargetinglocationsisinstrumentaltomarketshares,customerportfolioandprofitability.

    EXPORTMARKETING:Localmarketingdoesnotrequiretheexpectedgrowthandprofitorganisationandmarketersneedtoventureintoexportmarketknownaninternationaltrade.Exporttradeincreaseprofitabilityandgrowth,butfallduetosomeobstaclesrangingfromroomlanguagebarrier,conversionofcurrency,governmentregulation,climaticconditionandcultureofthepeople.

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    MARKETDEVELOPEMENT:accordingtoAnsoff,onenewopportunitiesofbusinessisthroughmarketdevelopment.Itisaprocessthatmarketersandorganisationsundertakebynotonlylookingatcontemporarymarket(existing)butrathertolookatnewmethodsthroughmarketdevelopmentthattargetsnewcustomers,newlocations,newperceptionsandcultureandaboveallproductappreciations.

    RESEARCHTECHNIQUES:Inthemoderncompetitiveenvironment,researchtechniquesanddevelopmentplayacrucialroleincreatingopportunitiesforbusiness.Theserequiretechniquesbasedonquantitativeandqualitative.Qualitativetechniquesdealwithsoundopinions,views,andperceptionsofpeoplebothwithinandoutsidetheorganisation.Onthecontrary,qualitativetechniquesevaluateissuesorprovideinformationtoorganisationintheformofpercentage,comparingperformances,assessingactualandplannedobjectivesorresults.Attheend,criticalanalysisismadeandsounddecisionstakenonaparticularproblem.

    REBRANDING:thishasbeenanopportunityfororganisationandmarketers.Whentheproductisrebranded,itbecomesappealingtonewcustomers.Italsocreatesmarketpenetrationbytakingarebrandingproducttothesamecontemporarymarket.Thisaddsvaluetotheorganisationintermsofcustomerconfidence,customerretentionandcompanysimageandreputationisbestowed.

    IDENTIFYBUSINESSOBJECTIVESANDPLANS,ANDPREPAREACTIONPLANSTOTHECURRENTIMPLEMEMTATION(BASEDONTHESITUATIONANSOCIETY)*3.1)REVIEWEXISTINGBUSINESSOJECTIVESANDPLANS

    Animportantpartofyourbusinessplanistostatewhatyourgoalsasacompanyare.Ifyouareastartup,thenyoullwanttoprojectoutforseveralyears.Forinstanceyouwouldstateyourcurrentpositionandwhereyouplantobeinsixmonths,oneyear,andsoon.Youdlistyourproductorservicesandexplainyourgrowthplansforthelistedperiods.Ifyoureanexistingbusiness,youwouldshowyourcurrentposition,andthendothesametypeofprojections.Abusinessplanisnotaonetimedocument,atleastitshouldn'tbe.Mostbusinessesputtogetherabusinessplanduringtheirstartupphasetoorganize,attractpartnersandemployees,andtotryandgetaloanorfinancialinvestment.Thisisagreatuseofabusinessplan,howeverfartoooftenoncethecompanyhasstarteduptheplanisn'ttouchedagain.Ultimately,abusinessplanisaboutresults,aboutmakingyourbusinessbetter.Ifyoudon'tthinkdoingabusinessplanwillimproveyourbusiness,thendon'tdoone.Planningforplanning'ssakeisawasteoftime.Whereaplanismostlikelytomakeyourbusinessbetterisbyallowingyouto:1.Setprioritiesproperly.

    2.Trackplanvs.actualresultsandmakecoursecorrections.3.Planandmanagethecriticalnumbersthataren'tintuitive:notjustprofitandloss,buttherelationshiptocashflow,balancesheet,andratios.4.Communicateyourplantoothers:partners,employees,lenders,andinvestors.Youmayhaveagreatplaninyourhead,butassoonasyouneedtoexplainittoothers,youneedtowriteitdown.ReviewingYourPlan

    Sohowdoyoumaintainyourbusinessplan?Wehavetofirstestablishthatwithoutregularreviewmonthlyoratleastquarterlyreviewofyourplannedvs.actualresults,withpracticalanalysisofthereasonsforvarianceplanningislikelytobeawasteoftime.Realplanningrequiresregularreviewsjustasmuchasnavigationrequiresknowingwhereyouareaswellaswhereyouwereandwhereyouwantedtogo.Everyrealplanneedstobefullofspecificdates,budgets,forecasts,andmanagementresponsibilities.Peopleinvolvedhavetoknowtherewillbetrackingandfollowinguponspecifics.Thenthatplanmustbereviewedagainstresults,andthosereviewsshouldproducecoursecorrectionsandfinetuning.Generallyabusinesshopesforaconsistentlongtermstrategybuiltonshortstepincrementalchanges,notmajorrevisions.Consistencyisimportanttostrategy,andthebusinessshouldavoidthetemptationtojumparoundfromonestrategytoanothersoquicklythatnostrategyiseverreallyimplemented.Rememberthatevenamediocrestrategywellandconsistentlyimplementedismuchbetterthanabrilliantstrategythatwasn'timplemented.However,businessesdocometocrossroadsdemandingmajorrevisionsintheirbusinessplan.Thesearesomesignsthatindicateitstimetoreviewyourplan:Majorchangesinmarketsituation.Lookespeciallyforchangingmarketfactorsandchangingmarketbehavior.*Haveyourunderlyingbusinessassumptionschanged?Asanexample,theInternethaschangedthebusinesslandscapesoenormouslythatinsomeindustriesalmostanyplanthatwasdevelopedwithoutaviewoftheInternetmayneedrevisions.Thatmaynotbetrueforalandscapearchitectorrestaurant,butforatravelagent,graphicartist,ormarketresearcherit'sobvious.*Doyouhavenewcompetition?Havenewcompetitorsemerged,orexistingcompetitorschangedthebusinesslandscapesomuchthatyouneedtoreviewandrevise?*Hastheproductorservicepicturechanged?Forexampleanewtechnologymayhaveemerged,changingthemarketperceptionofwhatyousell.Theremaybenewproductsorservicesofferingrelatedsolutionstothesameuserneedsyousatisfy.Majorchangesininternalsituation.Themostobviousmajorchangesarechangesinownership,whicharefrequentlytheresultofchangingpartnerships,divorces,deaths,andinvestment.Thecompanytakesonnewpartners,orsellsouttoalargercompany.Onamoreominousnote,thecompanysufferssignificantdeclinesinsales,profits,andfinancialhealth.Alwayskeeptherevisioninperspective.Whileyoudowanttoreviewandcorrectconstantly,youdon'twanttochangeastrategyunlessyouaresureitisn'tworkingoryouseerealchangesintheunderlyingassumptionsthatformed

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    PostedbyAssignmenthelpUSQBlogspotat6:49PM Nocomments:

    Labels:SMALLBUSINESSENTERPRISE

    thefoundationsofstrategy.MaintainingYourPlan

    Thepurposeofmaintainingyourplanistousebusinessresultstoguideyourfuturedecisions.Theplanitselfhasnovalueifitdoesn'thelpyouimprovebusiness.That'sregardlessofhowgoodorbad,howbrillianttheideas,writing,orhowelaboratethetablesandcharts.Itsvalueisthedecisionsitleadsto.Thatmeans,ofcourse,thattomakeaplanworththeeffortofdevelopingit,you'llwanttofollowitup.Whetherthat'severymonthoreveryquarter,youneedtotrackresults,analyzethedifferencebetweenplanandactualresults,andmanage.Changethingsthatneedtobechanged.Comparewhatyouplannedtowhathappenedinreality.Askyourselfthefollowingquestions:*Whatwentwrong,andhowcanwefixit?

    *Whatwentright,andhowcanwetakeadvantageofit?*Whatchangestookplaceinthecompetitivelandscapethatcouldbeupdatedintheplan?*Whatchangestookplace

    affectingourmarketthatcouldbeupdatedintheplan?*Whatchangestookplaceinternallyinourorganizationthatcouldbeupdatedintheplan?Afteryou'veansweredthesequestions,updateyourplanaccordingly,setnewbudgetsandmilestones,adjustyourfinancials,andrepeattheprocesswithanotherreviewofyourplanagainnextmonthornextquarter.Updateyourplanaccordinglyagain,andkeeprepeating.You'llfindthatmaintainingyourbusinessplangivesyouabettergrasponyourbusiness,yourmarket,andeverythingelsethathappenswithyourcompany.

    Conclusion

    Startingasmallbusinessiscomplex,timeconsumingandlifealtering.Therearemanymorethingsthatgointorunningitthanjustprovidingtheproduct(s)orservice(s)thatyourbusinessoffers,however.You'llalsoberesponsibleforyourbusiness'sfinances,protectingyourbusinessandpersonalassets,keepingyourbusinesslegal,payingtaxes,keepingrecords,managingemployeesandmore.Ifyouunderstandwhatyou'redoingandknowhowtominimizetherisksandchallenges,theindependence,personalsatisfactionandfinancialrewardsyoucanachieveasanentrepreneurcanmakestartingasmallbusinessthebestdecisionyou'llevermake.(Makeyourdreamareality.Findoutwhatyoucandotoreachthisfinancialgoal

    Recommend this on Google

    SUNDAY,FEBRUARY8,2015

    Foodandbeverageservices

    LO1Understandtheoperationalandeconomiccharacteristicsofhospitalityoperations1.1analysesthenatureoftheproductandservicearea1.2Evaluatethedifferentinfluencesaffectingpatternsofdemandwithinhospitalityoperations.1.3Comparecustomerprofilesandtheirdifferingexpectationsandrequirementsinrespectofhospitalityprovision1.4AnalyzefactorsaffectingaveragespendingpowerinhospitalitybusinessLO2understandproductdevelopmentwithinahospitalityenvironment2.1evaluatethekeystagesinproductandservicedevelopmentappliedwithinahospitalityoperations2.2analysesthefeatureswhichcontributetowardsthecustomersperceptionofproductsandservices2.3assesstheopportunitiesandconstraintsaffectingproductandservicedevelopmentwithinahospitalityenvironment2.4evaluatedifferentmerchandisingopportunitiesforhospitalityproductsandservicesLO3understandpricingandprofitabilityconceptswithinhospitalityoperations3.1evaluatedifferentmethodsofpricingtakingintoaccountadditionalpricingconsiderations3.2assessthefactorsinhospitalityoperationswhichaffectrevenuegenerationandprofitabilityLO4beabletouseappraisaltechniquestoanalyseandimproveoperationalperformanceandmakeproposalsforaction4.1applydifferentperformancesmeasuresandappraisaltechniquestoindividualaspectsofhospitalityoperationstheproductandthewholeoperations4.2determinetheeffectivenessofdifferentquantitativeandqualitativeappraisaltechniquesandtheirapplicationtohospitalityoperations4.3applyapproachestobusinessanalysisevaluationandplanningappropriatetohospitalityoperation,makingproposalsforactions.

    IntroductionIreadoutwholecasestudyandIfoundachevalierishospitalityestablishmentwhichissituatedonbeachandbecauseof

    manyproblemstheirsalesgoingdown.Ifoundthatthereisnomanagement,servicesarenotthatmuchgood,badconditionofrestaurant,nosignage,lackofstafftraining,noexperiencedpersonsinestablishmentandpropercleaning.Customersbecomelessdaybydaybecausetheyarenotsatisfiedwithservicesandatmosphere.Chevaliersgeteasilymakemoneyfromrestaurantbuttheydonthaveproperplanningandexperiencedpersonstorunbusinessingoodwayormakingmoreprofits.Theirrestaurantsituatedonthebeachanditisreally

    FOODANDBEVERAGESERVICES

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    verygoodlocationforbusinessbecausecustomersattractfromnaturalthings.Peoplelovetoseeviewsandenjoyingfoodwhilewatchingseaviews.Chevalierssituatedonbeachwiththreestoriedrestaurant.Inthisrestauranttheyhavebeachlevelkiosk,lacarterestaurantanditcancoverupto100coversandtheyalsodoingoutdoorcateringfacilitywith200covers.Inthisestablishmentmostofthepeoplecomefrommiddleclassfamilies.Differenttypesofcustomerscomeheretoenjoyfoodlikeparentswithchildrens,walkers,joggersandcouples.Fromthelastoneyearchevaliersbusinessinlossbecauseoflesscustomers.Thesuccessofanyhospitalitybusinessdependsmainlyonitsdevelopmentplans.Businessdevelopmentincludesawiderangeofactivitiesthatcreateneworchangedofferings,organizationsprocess.Itenhancessales,improvescustomersatisfaction,augmentsquality,diminishescostsandachievesnumerousbenefitsfororganizationstobesuccessfulandhereIimplementdifferentstrategiestoimprovebusiness.Therearenumbersofthingstorunbusinessandmakemoreprofitslikepricingoffandb,accountingandmaintenanceetc.

    Lo1understandtheoperationalandeconomiccharacteristicsofhospitalityoperations.NatureoftheproductandservicesareasBuffetservice

    ABuffetServiceisaselfserviceservingstylewheretheguestsservethemselves.Thisstyleisagreatmethodforfeedinglargenumbersofpeoplewithminimalhelp.Thedinnerbuffetisthemostpracticalandcongenialwayinwhichtocareforyourguests.TherecanbemanyvariationsoftheBuffetService.Itcanbeeithercountrycasualorsemiformal.Itprovidesamorerelaxedmethodofdiningandamorevariedmenuthanafullservicemeal.Theentertainingbuffetpresentationoffoodcanbeplacedononeormoretablesclosebutawayfromthetableswheretheguestswillbeseatedduringdinner.Theguestswillgotothebuffettablesandservethemselvesfromavarietyofmenuitems.Therearehotbuffetsandcoldbuffets.Coldbuffetsaretypicallysaladsandsandwiches.AlsothebackyardbarbequecanbeaBuffetService.Anentertainingdessertbarcanbeusedforanafternoongatheringoffriends.TheBuffetServicecanhaveastaffwheretheguestsbringtheirownplatealongthebuffetlineandaregivenaportionfromaserveratoneormorestations.Anadvantageofbuffetsisthatguestshavetheabilitytoreviewfoodbeforeselectingitandtakingonlythequantityneeded.SinceabuffetinvolvespeopleservingthemitislesselegantthanTableService.BuffetServiceisusedanytimetherearelargegatheringsevenatmanyformalweddingreceptions.Buffetmeanstofeedlargenumberofpeopleatonetime.Inchevaliersweprovideabuffetserviceforcustomers.Therearedifferenttypesofbuffetservicesinthisworld.Chinesebuffet,Indianbuffet,Italianbuffetetc.buthereIdecidedtoimplementedFrench,continentalbuffetforcustomersbecauseofEnglish,kiwipeoples.InNewZealandmostofthepeoplelovetoeatcontinentalfoodsotheFrenchbuffetisbestoption.Inbuffetsystemweprovidemanydisheswithonecostandguestenjoyfoodwithbulkquantity.Customershavetoservethemselvesfromdifferentstationslikeasaladbar,hotitems,desertstationandallentre,mains.Hereweprovideoutdoordinning,friendlyenvironment,privatepartiesetc.accordingtocustomerneeds.

    (http://restaurants.about.co)Bestlocationforbuffetandsetup

    Buffetsettingrequiresplanningwithregardtolayoutandeasyaccessforeveryguest.Buffetbestlocationisnearkitchen.Sothatifdishesemptyneedsrefillingitwonttaketimeaschevalierskitchenisneartomainhall.Moreoveritwillbeeasierforguestsaswellastheydonthavetowaitlongforfoodanditwilleffectonchevalierssaleasifcustomershappythentheywillcomebackagain.Trafficflowandafoodareessentialtothesuccessofabuffetline.TheRightWaytoSetUpaBuffetTable

    *Stackplatesattheheadofthetableandsilverwareandnapkinsattheend.*Allthefoodshouldbeaccessiblefrombothsidesevenforsmallgroupsandalllidsandcoversshouldbecompletelyremovedonceservingstarts.*Beveragesshouldbeservedonaseparatetablethat'sfarenoughawayfromthemainbuffetsoasnottocausetrafficcongestion.*Dessertshouldalsobeservedseparatelyonitsowntableandshouldnotbeputoutuntilafterthemaincourse.*Providetongsandladlesinsteadofforksandspoonsforservingwheneverpossible.*Refilloftentomaintainfreshnessandflavor

    BenefitsforchevaliersbyBuffetsserviceThemostobviousbenefitofarestaurantbuffetisthatchevaliersfeedalargequantityofpeoplewithminimalamountofstaff.

    Thisisgreatforpayroll.Italsoallowsrotatingthefoodintherestaurantkitchenfaster.Itisbeneficialfortheestablishment.Buffetasspecialpromotionscandrawincustomersonabudgetwhomaynotroutinelydineoutatrestaurant.Andalsoitoffersagreatwaytocutfoodcostsandincreaseprofitmargin.Ithelpstogeneratemoreincome.Layoutofthekitchen

    Themainconsiderationisdesigningakitchenisthatthelayoutshouldalloweasycleaningandcontinuousworkflowfromreceivingrawmaterialthroughpreparationandcookingtofinalpresentation.Equipmentsshouldbemovableorplacedoncleanarea.InthekitchenservingfoodandtheremustbeadivisionofpreparationareasForexample

    Vegetablesstorageandpreparationshouldbeneartodeliveryasvegetableshavesoilonthemwhichcarriescperfringenssporesandifthevegetablesarecarriedthroughthekitchendustfromthevegetablesmaysettleoncookedfood.Sectionofraw

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    meatpreparationshouldbeseparatedfromcookedfoodpreparationtoavoidcrosscontaminationbecauserawmeatisfrequentlycontaminatedwithsalmonella.Ventilation

    Adequateventilationinakitchenisveryimportantfortworeasonsfirstlytokeepthetemperatureandhumiditydownandsecondoneistoremovecookingsmellssteams.KitchenfloorItshouldbemadehardwearing,mats,easilycleanedmaterialwhichwillnotabsorbmoistureandwillnotaffectedbyfoodsuchasgreaseetc.Dcorinteriordesigninrestaurant

    Dcorplayveryimportantroleinrestaurantsalesandpopularity.Dcorshouldbeaccordingtolocationandsetparticularthemeondcorlikeflowering,sportsetc.indcorsomanythingsincludedlikeceiling,flooring,furnishingandtheinteriorshouldbeairconditionerorheatingfacilityaccordingtoseasons.Aswearealreadyobservingthatwithourpresentdcorofchevaliersweenabletoattractcustomerssothatswhyweneedtochangeourdcorsuchaslighting,aslightshouldbechangedaccordingtothetimeofday.Alsosameaswithsound/musicvolumeduringdaytimeitshouldbelowvolumeascustomersneedlowvolumetheywantcalmmusicatthattimeinlunchtimecustomerswantloudmusic.Andindinnertheyareforfinediningsotheywantromanticmusiccollections.Alsowewillputflowersoneachtableacompliedwithcandles.Andalsoweputoutdoortablesforthosewhowanttoenjoytheirfoodwithsea.Barsetupinrestaurant

    Barshouldbelocatedinonearea,thefoodbuffetandthedinninginanotherarea.Itwillhelporworkeasescongestionandreducespotentialfoodanddrinkdisasters.Abarplacedatthebackofarestaurantmoreintimateawayfromthehustleandbustleofthefrontofthehouse.StockRestaurantBarwiththeRightEquipment

    Barsneedtheirownreachincoolers,icebins,hygienesupplies,papertoweldispenser,liquorwells,glassracks,wineracksanddrystorage.Coolersshouldbebigenoughtoholdbottledbeer,whiteandblushwinesaswellasbackupsofjuice,milkandotherbeveragesusedtomixdrinks.Arestaurantbaralsoneedsabeertowerandaplacetokeepkegscold.Youmayhavetorunbeerlinesfromthewalkincoolerifyourbardoesnthaveenoughspaceforkegs.Barfloorsshouldbecoveredwithrubberfloormatsforemployeecomfortandsafety.Barshouldbehandledbybartender.itshouldbecompulsorybarpersonavailableallthetimeduringrestauranthours.BarSetMoodwithLighting

    Lightinginthebarshouldbesubtle.Notsodarkcustomerscantreadthemenubutdefinitelynottoobright.Recessedlightingandtracklightingwithdimmerswitchesallowcontrollingthelight,adjustingitforthetimeofday.Signage

    Thesignageneedtobereplacewithanewsignboardinadditionwithcontactnumber,nameoftheestablishmentandalsoinbarweneedputbarsignagesrequiredasperlaw.Weneedputsignsforrestroomsandalsoputsignsforwetfloors.Cleaninginrestaurant

    Thereisonlyonerubbishbinsoweneedtobuynewbinsandcleaningequipmentsforcleaningpurposes.Iftherestaurantalwayslooksbeautifulthanpeopleattractfromplaceandcomeagainandagain.(Restaurantmanagementandoperations)

    1.2.EvaluatethedifferenceinfluencesaffectingpatternsofdemandwithinhospitalityoperationsPatternsofdemandinrestaurantHappyhoursforrestaurant

    Differentpeoplescomesondifferenthourslikesomepeoplecomeforbreakfasttimeandtheywillneedquickserviceandtheirdemandslikefruitjuices,cerealsandcoldfoods.Andalsosomepeoplecomefordinnerandtheywilldemandhotfoods,moreformalservie.soitisvariespersontopersonaccordingtotheirdemandsrestaurantprovideservice.Itisgoodifrestaurantopensforwholeweek7daysbecauseitgeneratesmoremoneyandpopularity.Openinghoursasearliertheyopenat7andcloseearlysothisthinghastobechangedbecausetherewasnocustomeratthattimebutifwechangedtimingthanitsafeotherexpenseslikeelectricity,staffwageetc.openinghoursshouldbeat8to9amandclosinglatetodependonbusiness.Seasonality

    Specialpromotionalideasforrestaurantstakeadvantageofonholidaysandotherspecialeventsthathappenthroughouttheyear.Specialmenusprovideandtakereservationsforbusytimes,likeNewYearsEveandMothersDay.Theinfluenceofweathertemperatureoneatinganddrinkinghabitschangingbyseasons.Seasonalityoffoodalsowillappealtobudgetconsciousasinseasonfoodisusuallymoreabundantsowillbelowerincost.Restaurantprovideslowcostfoodandwithdiscounts.Insummersthesaleismoreaspeoplewouldliketospendtimeonbeachonotherhandinwintersasitscoldpeoplewouldlikestayawayfrombeachsowehavemakeadifferentmenuforwinterstocustomersandasitsnotgoodbusinessinwinterstocutcostwecouldjustmakeourmenuslimited.Forwinterswecouldalsoarrangeoutsideheatingandinsideheatingforcustomercomfort.Toachieveourtargetwecouldalsoprovidespecialofferstoattractcustomersduringoffseason.(SeasonalFactorsAffectingtheRestaurantIndustry)

    Socialeatingpatterns

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    Thefamilymealwasthefocuspointattheendofthedaywherefamilymembershavebeenawayfromhomeduringthedaytheycametogetherformealtimestodiscussthedaysactivitiesandtomakeplansforthenextday.Whiletimeandconveniencehavehadaneffectonthesocialaspectoffooditstruetosaythatfoodstillbringspeopletogether.Peoplesmeetuponparticularoccasions,weddingparties,ceremonyandonfestivals.Peopleenjoypartiesaswellasfood.(Foodhabitsandsocialchange,2008)

    FoodandfashiontrendsThehospitalityindustryischangingrapidlybecausecustomersarechangingandtechnologyischangingandmarketsare

    changing.Likefashion,restaurantoperationshavetrendsandfashionsthatretreatandflowwithtimerecalltherollerskatingwaitressesatdriveindinersduringthe1950s.Listedbelowaresomepopularrestauranttrendsthatarentlikelytodisappearforawhileyet.Therenumbersoftrendsinrestaurantforcustomersandtopromotetheirrestaurant.Toattractcustomerssomeofthemaintrendsarefollowing:1)Offeringdiscountsandcoupons

    Offeringdiscountsandcouponstoregularcustomersorduringoccasionslikefestivals,newyearetc.Nowdayspeoplelovetobargainanditisgoodifrestaurantgivediscountsandcouponstocustomers.Restaurantsprovidedifferenttypesoffoodsaccordingtocustomerneedsandalsoprovideoptionsinmenuslikefoodplusdrinkfreeitwillmakemoremoneyandpopularityinparticularregions.2)Publichealthconcerns

    Nowdayspeopleareveryconcernabouttheirhealthsandrestaurantsarebeingpressuredtocreatehealthiermealswithsmallerportions.Restaurantneedtocareaboutcustomersandprovidenutritiousfoodwithcleanliness.Differentpeoplehavedifferenthealthproblemssoaccordingtheirdemandsorneedsrestaurantprovidefood.Restaurantsalsoprovidechildrensmenuwithhealthierfood.Inkidsmenutheyprovidesaladsandfruitswithuniquepresentationsokidseasilyattractfromfood.Forexample:Americansareoverweightandplaguedbychronicdiseasesuchasdiabetes.Inresponsetopublicdemandrestaurantsprovidesmallerportionssizesandhealthierfoodoptionsontheirregularmenu.

    3)SocialmediaforrestaurantTherearenumbersofsocialsitesforexamplefacebookandtwitterforrestaurantmarketandfoodintroductionwiththeir

    benefits.Itisformarketingandadvertisingtogrowuprestaurantbusiness.Manypeopleinterestedininternetsotheyalwayscheckwheretoeat?Whichisbestplacetoeat?Ininternetpeoplecanfindrestaurantnamesandcontactdetailsalsomenuavailableonrestaurantwebsite.Customersordersonlineoronphonecallandwillgethomedeliveriesfromrestaurant.Facebookandtwitterisamediumtopromotespecialsandeventsanditwillreallywork.Regionalandethnicinfluence

    Inthisworldtherearesodifferentcountriesandpeoplesandtheyhavetheirtraditionsregardingfood.DifferentpeoplehavedifferentneedsforexamplepeoplefromIndiaalwayspreferIndianfood,ChinesepeoplepreferChinesefood.PricingandeconomicfactorspricingwillbesetaccordingtotimeofyearMarketconditions,climateandchangesingovernmentlegislationallhaveaneffectonfoodcosts.Thechoicesmadeinsourcingfood,preparingorbuyingreadymadefoodwillalwaysinfluencedbyprice.Foodneedstobewithinapersonalbudget.Anditchangesbytheseasonwillbechanged.Elasticityofdemand

    Elasticityofdemandisthesensitivityofthesalesvolumetochangesinprice.Demandfluctuatesinresponsetofactorssuchasachangeinpricing,foodqualityortheenvironmentforexamplerefurbishment.(http://www.ehow.com)

    1.3Comparecustomerprofilesandtheirdifferingexpectationsandrequirementsinrespectofhospitalityprovision.Achievinghighlevelsofsatisfactionatarestaurantthroughgoodcustomerservice,qualityfoodandmakingdinersfeelvaluedisimportantbecausesatisfiedcustomersaremorelikelytoreturn.Onaverageasatisfiedcustomerwilltelltwotothreepeopleaboutgoodfoodandservicewhereasanunhappyonewilltellfivetotenpeopleshowdissatisfiedhewas.Customersatisfactionorexpectationsurveysareanimportanttoolthatwillaidyouinreachingyourhighcustomersatisfactiongoals.Therearenumbersofrestaurantsaccordingtodifferentcustomerslikefamilyrestaurant,couplesrestaurantslikevalentines.(Customerexpectationanddelight)

    FamilyrestaurantsFamilyRestaurantisthatdesignedtoaccommodateallages,largegroups,loudpartiesandwhosemenureflectsfamilystyle

    dining,childportionsandperhapsevenreasonableprices.Accordingtotheneedsoffamilythefamilyrestaurantdesigned.Forexample:elderpeopleinfamilydemandlessspicyfood,lowernoiselevelandformalserviceValentinerestaurants

    Valentinerestaurantisdesignedforyoungpeopleswhodemandromanticplacesandsilenceandthewholerestaurantdecoratedwithdimlightsandlightmusic.Customerprofilesinrestaurant

    Customerprofilesalsohelpyoudeveloptargetedmarketingplansandhelpyouensureyourproductsandservicesmeettheneedsofyourintendedaudience.TherearetwobasictypesofcustomerprofilesDemographicprofiles

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    Demographicsprofilesarebasedoncharacteristicslikeage,gender,incomelevels,maritalstatus,placeofresidence,etc.Inmarketingtermsdemographicprofilestendtobreakdowncustomersintoage,socialclass,andgender.Forexample:youngerbuyersmaymakebuyingdecisionsbasedonhowtheyfeelthepurchasewillcausethemtobeperceivedandolderbuyersmayfocusonqualityorsafety.Wealthycustomersmaybewillingtopayabestforserviceorforaperceivedvaluewhilelowerincomecustomersmaybemorelikelytofocusonprice.Itsalldependonpersonstatusifthereisarichpersonbuysomethingthansurelyhewillpaymorewithoutthinkinganythingbutotherlowerclasspersonfirstseethepriceandthendecide.Behaviorprofiles

    Behaviorprofilesfocusonactionsandfocusontypesofitemswerepurchasedhowfrequentlyitemsarepurchasedandtheaveragetransactionvalueorwhichitemswerepurchasedinconjunctionwithotheritems.(Customerprofiles)

    Typesofcustomers1)LoyalCustomers

    Naturallyweneedtobecommunicatingwiththosecustomerswhoonaregularbasisbytelephone,mail,emailetc.Thesepeoplearetheoneswhocanandshouldinfluenceourbuyingandmerchandisingdecisions.NothingwillmakeaLoyalCustomerfeelbetterthansolicitingtheirinputandshowingthemhowmuchyouvalueit.Inmymindyoucanneverdoenoughforthem.Customerrecommendstoothersandasaresultbusinessgrowthinclined.2)DiscountCustomers

    Thiscategoryhelpsensureinventoryisturningoverandasaresultitisakeycontributortocashflow.Thissamegrouphowevercanoftenwindupcostingrestaurantmoneybecausetheyaremoreinclinedtoreturnproduct.3)ImpulseCustomers

    Clearlythisisthesegmentofourclientelethatweallliketoserve.ThereisnothingmoreexcitingthanassistinganImpulseshopperandhavingthemrespondfavorablytoourrecommendations.Wewanttotargetourdisplaystowardsthisgroupbecausetheywillprovideuswithasignificantamountofcustomerinsightandknowledge.4)NeedBasedCustomers

    Peopleinthiscategoryaredrivenbyaspecificneed.Whentheyenterthestoreandtheywilllooktoseeiftheycanhavethatneedfilledquickly.Ifnottheywillleaverightaway.Theybuyforavarietyofreasonssuchasaspecificoccasionandaspecificneedoranabsolutepricepoint.AsdifficultasitcanbetosatisfythesekindofpeoplesandtheycanalsobecomeLoyalCustomersiftheyarewelltakencareof.Salespeoplemaynotfindthemtobealotoffuntoservebutintheendtheycanoftenrepresentyourgreatestsourceoflongtermgrowth.5)WanderingCustomers

    Formanystoresandrestaurantsthisisthelargestsegmentintermsoftrafficwhileatthesametimetheymakeupthesmallestpercentageofsales.mostlykindofpeopleattractfromthelocationoftherestaurant.Keepinmindhoweverthatalthoughtheymaynotrepresentalargepercentageofimmediatesalesandtheyarearealvoiceforrestaurantbusinessinthecommunity.ManyWanderersshopmerelyfortheinteractionandexperienceitprovidesthem.Shoppingisnodifferenttothemthanitisforanotherpersontogotothegymonaregularbasis.Sincetheyaremerelylookingforinteractionandtheyarealsoverylikelytocommunicatetootherstheexperiencetheyhadinthestore.ThereforealthoughWanderingCustomerscannotbeignored,thetimespentwiththemneedstobeminimized.Pricingconsiderationexpectations

    Pricesplaymainroleinbusinessbecauseinrestaurantdifferenttypesofcustomerscomesomearefromrichfamiliesandsomefrommediumclass.Forexample:richcustomerspendslotsofmoneyonfoodbutthemiddleclasscustomerthinkswhattoeatandtheylookonprice?AndAlwaysfindreasonablepricessothethingisthisifrestaurantdesigntheirmenuaccordingtothecustomerspendingpowerthanitwillgoodforbothbusinessandcustomer.Pricesshouldimplementaccordingtothetargetmarketthanbusinessgrowup.Customerneedthefoodpricesarereasonableaccordingtotheirspendingpowerdifferentoptionsprovidedtocustomersinfoodsocustomerwillbehappyandsatisfied.1.4factorsaffectingaveragespendingpowerinhospitalitybusiness.Typesofhospitalityoutlets,menurange,pricingconsiderationFirstlythetypeofmenuofferedbyanestablishmentandthevarietyofmenuchoiceshouldalsoenhancethetotalmealexperience.Foralowerlevelmarketfirstpriceoffood.Ifthecustomerispaying$50forthreecoursemealtherangeofmenuitemsthatcanbemadeavailablewithinthecostlimitsofsuchanoperationisobviouslymorelimitedthaninoperationswherethecustomersaveragespendingpowerishigher.Secondly,theamountoftimetakentoconsumemealsatthislevelofthemarketmayvarybetweenhalfanhourtoonehourbutwillrarelyexceedthis.

    Themenuchoiceofferedbyarestaurantisthereforedependentonanumberofinterrelatedfactorslike*Pricethecustomeriswillingtopay*Theamountoftimeavailableforthemealexperience*Thelevelofthemarketinwhichrestaurantsituated*Theproductionandservicefacilities

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    *SkillsandstaffExpectationsandrequirements

    Asinglecustomerorgroupofcustomersarrivingatarestaurantforamealbringwiththemaseriesofexpectationsregardingthatrestaurantandthetypeofservicetheywillreceiveandthepricetheywillpay,theexpectedgoodatmosphereandmoodoftherestaurantetc.Thecustomerexpectationmaybevariedandnumerous,rangingfromtherestaurantwhichthecustomerfrequentsbecausetheywanttobeseenthereandparticipateinitssocialatmosphere,tothesmallquietrestaurantwherethecustomermaygobecauseofitsintimateandpersonalnature.Ifcustomerssensedisharmony,howeverbetweentheirexpectationoftherestaurantandtheactualproducttheyfindforexample,itistoointimatefortheoccasionandtheymaynotentertherestaurantbutchooseanother.Ifdisharmonyisnotrealizeduntilcustomersareseatedatthetableanditisunlikelythattheywillleavebutwillhaveahurriedanduncomfortablemeal.Levelofservice

    Thehigherthecostofthemealtothecustomerandthemoreservicethecustomerexpectstoreceive.Thecostofthemealtocustomersincreasessowilltheamountofservicetheyreceive.Itisnecessaryforarestauranttoidentifythelevelofservice.ifarestauranthasaveryformaltypeoffoodandbeverageserviceusuallyassociatedwithhighclassoperations,theotheraspectsoftherestaurantserviceshouldbeequallyformalthespeed,efficiencyanddressofstaff,thedegreeofpersonalizationandcourtesythecustomersreceives,andsoon.Itisimportantforarestaurantoperationtoconsidernotonlytheserviceofthefoodandbeverageforwhichthestaffsareusuallyadequatelytrained,butalsotoremembertheindirectserviceaspectoftheoperationwhichareallpartofthecustomersmealexperience.

    ThemealexperienceEatanddrinkexperience

    Themealexperiencemaybedefinedasaseriesofeventsbothtangibleandintangiblethatacustomerexperienceswheneatingout.Tangiblewhichcanbefeelingbytouching,seeinglikerestauranttables,chairsetc.Intangiblewhichcanbeonlysensed/feltlikerestaurantatmosphereetc.Itisdifficulttodefineexactlywhereamealanddrinkexperienceactuallystartsandendsalthoughitisusuallyassumedthatthemainpartoftheexperiencebeginswhenacustomerentersarestaurantandendswhenheleavestherestaurant.Theseriesofeventsandexperiencescustomersundergowheneatingoutmaybedividedintothosetangibleaspectsoftheproductthatisthefoodanddrinkandthoseintangibleaspectssuchasservice,atmosphere,mood,etc.SoitisnecessaryforthetangibleandintangiblecomponentsoftherestauranttocombinetogetherandtobeseenbythecustomerasonetotalproductThemenuisthecenterpieceofanyrestaurantestablishment.itisnotafoodlistitemsforsalebutthereasonbehindtheestablishmentexistManagementissues

    Staffing1)Floormanagementinstaffing

    Itincludesfloormanagingstaffandtheyprovidesservicetoguestsorcustomersinrestaurant.Staffallocatesondifferentjobsfromopeninghourstoclosinghours.Managerisresponsiblefortheirstaffandallsafetyandhealthregulations.Mangermotivatesallotherstaffinfrontofficeandtakecareallareas.Manageralsoprovidestrainingfortheirstafftomakemoreprofitfromtheirservingskills.2)KitchenManagement

    Inkitchenmanagement,kitchenstaffworkinginthekitchenonly.Therearedifferentrolesinkitchenmanagementlikechef,headchef,dishwasherandkitchenhand.Kitchenistheplacefoodpreparedandservedfoodtocustomers.Managingthekitchenstaffhelpstocontrolfoodquality.Kitchenisplacewherestaffgetstiredbecauseitneverstopsintradinghours.Kitchenmanagementisresponsibleforfoodcost,budgetingandprofitsOrganization(administration)inrestaurant

    Allstockcontrolling,budgeting,laborcost,balancingcost,schedulingrotations,profitsaccordingtoseasonality,surveysandhiringstaffwithmaintainceofthekitchenequipments.Marketing

    Managementwilldecideaboutmarketstrategies.Marketingisasourcetoattractcustomersandsatisfiedcurrentcustomers.Withthetargetmarketexpandingnewproductsandservices.Therearenumbersofwaytopromoterestaurantlikemedia,commentcards,emailsandsocialsites.Marketingplanswillbedesignedfortoincreasecustomervisit,increaseaveragechecksandsendprofitsskyhighfrominsidestooutsidestherestaurant,themarketingplanistheroadmaptoachievesspecificsalesobjectives.itincludestv,radiobillboardsorlocalizedneighborhoodprogram.Inchevalierswewillimplementsetupfrequencydinningprogramsanddatabaseprogramsthatinstantlytellwhoiscustomerinrestaurant,theirbirthdays,andanniversariesandwheretheyliveFinance

    Moneyplaysveryimportantroleinanybusiness.Anditisalsoimportanttoknowhowtomanagefinance.Managementalwaysreadytomanageallsituationslikewhenseasonofftherestaurantsalesautomaticallydownandmanagementknowshowtohandlethatparticularsituation.ManagingdaybydayexpensesinrestaurantbusinessandPOSsystemhelpstomanageallsalesandinventory.Controlsystems

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    Abigemphasisisbeingplacedonextensiveresearchintothequalityandintegrityofrestaurantproducts.Restaurantmanagementwillconstantlytestedforhighstandardsoffreshnessandpurity.Foodcostsandinventorycontrolwillbehandledbycomputersystemandcheckeddailybymanagement.Servicestandards

    Therearedifferenttypesofservicesprovidedinrestaurantslikebuffetservice,silverservice,tableserviceandtrayservice.Astheservicelevelincreasesthelabourcostsincreasesbecauseoftheincreasedskilllevelandthequantityandqualityofequipmentincreases.Ahigherstandardofcustomerservicerequiresahigherstandardofdcor,foodquality,equipmentandstaff.Morefacilitiescostmore.Thedeliveryofaconsistentlyhighstandardofservicerequiresahigherproportionofproduct,staffandequipment.Qualitysystems

    Thequalityofserviceisanotherfactorthatcontributestorestaurantcustomersatisfaction.Thisisaparticularlyimportantfactortofullservicerestaurantsbecausetheyaretypicallymoreexpensiveandslowerthanquickservicerestaurants.Manyfactorsgointotheoverallqualityofserviceatarestaurantsuchashowpositivelycustomersfeelabouteachmemberoftherestaurantstafftheyinteractwith.Somecustomersmaybemoreconcernedwiththesocialinteractionswiththewaitstaff,whileothercustomersaremorefocusedonhowquicklydishesareremovedandglassesarerefilled.Therelativeimportanceofthesedifferentfactorsoftendependsonthestyleofrestaurantandtheoutlookofaparticularcustomer.Teamworking

    Allmembersofateammustfeelempoweredtoworktowardsquality.Thismeansifawaitressdoesnotfeelthatamealisuptostandardthatshehastherighttorefusetotakethedishtothecustomer.Staffshouldbeencouragedtosharetheirideasabouthowtoimprovethequalityoftheorganizationoftenastheyaretheonesdealingdirectlywiththecustomerstheyhavemoreusefulideasthanmanagement.Training

    Managementwilltrainemployeesinfoodservicesanitation.Eachemployeeshallbetrainedinfoodservicesanitationquarterly.

    Lo2understandproductdevelopmentwithinahospitalityenvironment2.1evaluatethekeystagesinproductandservicedevelopmentappliedwithinhospitalityoperationsSpecialpricingMarketsegmentation(identifydemandofthemarket)

    Marketsegmentationisoneofthestepsthatgointodefiningandtargetingparticularmarkets.Itistheprocessofdividingamarketintoadistinctgroupofbuyersthatrequiredifferentproductsormarketingmixesittargetsspecialtymarketsthatwillpromoteproductsandservicesmoreeffectivelythanabusinessaimingaveragecustomer.Itiseasiestwayofmarketingingroupsandithelpstogetknowledgeaboutcustomersneedsandwants.Marketissegmentedindifferentgroupsofconsumers.Forexample:

    *Behaviorbaseslikeproductknowledge,usage,responsesandattitudesofcustomers*Demographicbasislikeage,occupation,ageandfamilysize*Psychographicbaseslikelifestyles,valuesandpersonality*Geographicbaseslikestates,regionsandcountries

    Marketsegmentationisimportantforbusinessandfordevelopment.Wedobecausewewanttoknowaboutcustomerthinkingaboutfoodandbeverages.Accordingtocustomersneedsandwantsrestaurantestablishmentdeveloped.Designtheproduct

    Menuplaysveryimportantinrestaurantbusinessandestablishmentdesignstheirmenucanincreasesales,turnoverandensurethemenuremainsbalancedintermsofsalesmixandpopularity.Themenucandesignedinsuchwaystoseduceandconvincethedinerstochooseaspecificmenuitembythewordingandhowthedishdescribed.Finedinningrestaurantprovidemenuwithlesswording,namingexoticingredients.Restaurantshouldclearexplanationaboutcustomerperceptionsandaccordingtofamilyrestaurantenvironmentshouldbeattractiveforkidsandkeepinmindthevalueofmoney.

    ThemeoftherestaurantThemeforrestaurantisverypopularanditeffectonrestaurantsalesanddevelopment.Therearenumbersofthemesfor

    restaurantlikeflowerdecorations,sports,heritageandcolorfulthemes.Itincreasesthesaleofrestaurant.Themedescribestherestaurantandcustomersattractfromtheme.Arestaurantthemeisablendoffood,atmosphereandservice.Restaurantthemedecidesaccordingtolocationandlocalcompetition.Themewilldecideaccordingtocustomers.Needtosurveyofthatplacewhereyourrestaurantsituatedandthendeciderestauranttheme.Forexample:ifyourcustomersarefamilieswithyoungerchildrenyoudontneedtobeopenuntilmidnightorhaveafullservicesportsbar.Advertising

    Restaurantadvertisingcomesinmanyforms.Radiospotsnewspaperads,TVcommercialsevencouponsareallwaystoadvertisearestaurant.WecanhireaPRagencytohelpyougetyourmessageoutoryoucandoityourself.Advertisingisnotaonesizefitsalldeal.Advertisingplansvaryfromyeartoyear,seasontoseason.Like

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    wehaveabusysummerseasonandlessbusinessinthewinterandwewillneedtwodecisivelydifferentadvertisingplans.Whileadvertisingwecanshowdiscounts/couponsandspecialoffersforcustomerssoitcandevelopbrandimageintheeyesofcustomers.Customerswilldefinitelythinkaboutrestaurantanddefinitelyplantogothatparticularrestaurant.Websitesisanotheroptionwhereweputnewoffersandmenusforcustomers.Customerswilldirectlyorderfrominternet.Ithelpstogenerateincomefromcustomers.Foodandbeverageplanning

    *Thewidevarietyandchoicesinfandb*TheprocesshastocomplywiththeHACCPpolicy

    *Thefastturnoverofsomefoodlikeitemsdeliveredfreshinthemorningmaybepreparedandservedtothecustomeratlunchtimeandtherevenuesavedbyafternoon.*Theproductcannotbestoredforanylengthoftime

    *Differenttypesofcustomershandledinsameestablishment

    FoodcontrolpointsTherearesomecommonfeaturesarefoundinfoodproductionprocessesinallfoodandbeverageoperations.Productgoes

    throughtheproductionprocess.Itfirstentersintheestablishmentwithrawmaterialorpreservedproductandthenstoredinstorearea.Processingofthisproductmustthentakeplacepreparationoffoodandcookingfood.Aftertheproductreadyitwillpresentedinplatesandservetocustomers.Foodcontrolprocess

    Typesoffood |Storage |Preparation |cooking |Holding |regeneration |Presentingandservefood| |Refrigerate |cutting |boiling |Chill |Steamer |Plates |Fresh | |chopping |grill|Freeze |Microwave |Trolly |Canned |Freeze |Weight |Baking |Hot |Traditional |

    Buffet |Frozen | |peeling |Microwave |Cold |Oven |trays |Preserved |Drystore |Slicing |Frying |Sousvide | |wrapping | | |Measure |Boilroast | | | |

    | |Filet/blendandmix | | | | |

    EmployerssatisfactionEmployeesoforganizationplayveryimportantroleinhospitalityindustry.Restaurantdevelopmentdependsonemployees

    satisfaction.Therearenumbersofthingstakepartinemployeessatisfactionthatisjobsecurity,providingpayattime,opportunitiestouseskillsandabilities,feelingsafeintheworkingenvironmentsandalsowithgoodcommunication.Moreovertheemployeesrelationshipwiththeircoworkersorsupervisorandmanagementrecognitionofemployeejobperformance.Iftheemployeenotsatisfiedwiththeirjobthenhowcanhe/sheworkproperlysoitisveryimportantthatanemployeesatisfiedfromtheirjob.

    RiskmanagementWhileworkinginrestauranttherearenumbersofriskinvolvedbutrestaurantownerandmanagerfacethatrisks.Inrestaurant

    shouldbeprovideasafeworkingenvironmentaswellaspreparefortheunforeseeableaccidents,damagesoranydisasterthatmightimpactrestaurantbuilding.Restaurantneedtrainedtheirstafftohandlethiskindofsituation.Safetyproceduresimplementintodailyprocedures.Restaurantawareandinsuringaboutlawsuitsoranykindofdamagetobusiness.Protectingrestaurantfromfire

    ProtectingrestaurantfromcrimeProtectingstaffandcustomersfromaccidents

    Understandinglegislationthateffectsonbusinesslikefoodhygiene,employers,liability,healthandsafetyinrestaurantsareallrelevantwhenanyonerunningbusinessTherearesomeactsthatimplementwhensomethinghappenlikethisThefireact

    Everybuildinghavefireserviceact,fireevacuationprocedureshouldbeinplace.Fireequipmentsmustbeinplaceandservicedregularly.Thefoodhygieneact1974

    Itisforhealthofeachcustomeranditimpliesonrestaurant.Everyrestaurantshouldbeneatandclean.Storageareashouldbeclean.Foodhygieneregulation1974actsaysthatregulationsaresafestorageandalsothereshouldbesafepreparation.

    2.2analysesthefeatureswhichcontributetowardsthecustomersperceptionofproductsandservicesWheneveraguestentersarestaurantorhotelorafoodandbeveragesectionofanyplace,he/sheexpectssomethingmorethanjustwhatisserved.Theexpectedthingsincludequality,timelinessaswellascosteffectivenesshoweverwhatifyoucangivetheguestmorethanwhathe/shehasexpectedFoodhygieneinrestaurant

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    Goodfoodhygieneinrestaurantisofvitalimportanceforthepleasureofcustomersandthecontinuedsuccessofrestaurantbusiness.Customeralsoexpectswheretheyeattheplaceshouldbeneatandcleanandkitchenshouldbecleanwhilepreparingfoodsothereisnoharmtohealth.Whyfoodhygieneisimportant?

    Everydaypeoplegetillfromthefoodtheyeat.Microorganismsincludingbacteria,virusesandmouldsfoundinfoodcancausefoodpoisoning,leadingtoawholehostofunpleasantsymptoms,suchasstomachpains,diarrhoeaandvomiting.Itisforcustomersgoodhealthifthereisnofoodhygienecustomerunhappyandtheywillblameonrestaurantsohygieneisveryimportant.Restaurantcleanlinessattractscustomersandithelpstoincreasemorecustomers.Typeofgreetingandwelcoming

    Greetingandwelcomingisthefirstimpressionsowhencustomerentersintherestauranthostresponsibilitytohandlecustomerswithsmile,eyecontactandwelcoming.Politelyspeakwithcustomerandoffersomethingwaterfirstthanprovidemenuortellthemtodaysspecialmenuormenuofthedaywithspecialoffersetc.Physicalappearancematters

    Guestsexpecttobeservedbyagoodlookingandwelldressedstaff.Staffcannotbeuntidywilltheirface,hairorclothes.Theguestsshouldnotfeelthattherestaurantmanagementistooharshonthestaffintermsofsalariesordutysuchthattheycannotaffordaproperuniform.Thiscreatesawrongimpression.Servethefoodinwarm,wellwasheddishes/containersandallplates,bowlsusedshouldbewellwashedandcleaned.Increaseknowledgeabouttheproduct:Theguestscouldhaveaqueryaboutthefoodandbeveragetheyareconsumingorareabouttoorder.Theservicestaffshouldbewellequippedwiththeknowledgeoftheproductsoastohelptheguestsmakeadecision.Speedofserviceandtheirtypes

    Speedofserviceaccordingcustomerslikeyoungpeoplewantveryformalserviceandoldpeoplelikequickserviceandontime.Serviceisveryimportantpartofanyrestaurant.Restaurantdependsonthebestservice.Iftheservicedoesnotmeetthecustomersexpectationsandcustomerfelttheserviceverygoodthentheydefiantlycomebacktorestaurant.Customerservicecoversmanydifferentpartsofrestaurantsdaytodayoperationsandgoingfarbeyondthefrontofthestaff.Inchevaliersthereisnoproperserviceprovidetocustomerssotheywillnotcomeagainbecauseofpoorservice.Ambience(goodenvironment)

    *GoodEnvironment*Clean*Organized*Safe*Lowpressure*Energylevelappropriatetoclientele*DecorationBrandloyalty

    Brandloyaltyknownasreputationoftherestaurantanditisveryimportantthatrestauranthavegoodreputationinmarket.Brandloyaltyisdependingontheirserviceandgoodqualityoffood.Customerswanttofeelimportant

    Theyknowthatrestauranthavelotsofothercustomersandclientsbuttheyjustloveitwhenstaffmakesthemfeelspecial.Flexibility

    CustomershatetohearthewordNooritcannotbedone.Itsnotalwayspossibletosayyestoacustomerordoexactlywhattheywanthoweveritisimportanttobeasflexibleasyoucan.Staffneedstomotivateandconvincecustomertotakeanothermealorservice.Ifsomeonetoknowtheirname(namesofcustomers)

    Acustomernameisoneofthesweetestsoundstheywilleverhear.Ifyouuseacustomersnamewhenyoutalktothemitindicatesthatyourecognizethemasanindividual.Don'tuseittoooftenasitcanbecomeirritating,butdefinitelyatthestartandtheendofaconversation.2.3assesstheopportunitiesandconstraintsaffectingproductandservicedevelopmentwithinahospitalityenvironmentFoodandnutrition

    DietaryrequirementsProteinsarerequiredthroughoutlifetocreate,maintainandrenewhumanbody.Theamountofproteinsrequiredchangeswith

    age,duringgrowthperiodsanddependingonhealthofhumanbody.NowdayspeopleareveryhealthconscioussoaccordingtotheirneedsrestaurantprovidefoodoftheirchoicesForexample:restaurantsprovidesspecialkidsmenuage2to12andthesearefoodsthatkidstendtolikeandwhichmeetkidsdietaryrequirementslikefruits.ForStrictvegetarianRestaurantsdonotmixanyanimalproductslikebeef,chicken,fish,eggsandtheyprovidepurevegetarianfoodtocustomers.Theyprovidedifferentkindsofsalads,othervegedishes.Regulationsactsinimplementonrestaurantandemployerliabilitytowardsthecustomersareasfollows(classwork)Healthandsafetyact

    Therearelawsandsystemsthathavebeenestablishedtohelpensurethatthefoodservedinrestaurantsissafe.Bacteria

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    growveryeasilyifgiventhechance.ThelocalHealthDepartmentwillsendoutinspectorstomakesurethatthechefsandserversarefollowingtheproperguidelines.Inspectorswillissuefinesforminorviolationsandcanshutyoudownformajorviolations.Thisactstatesthattherelationofguestandstaffprotectedfromhealthissues.Duringworktheenvironmentshouldbeneatandclean.Peopleshouldworkincleanenvironmentandmakefoodincleanplace.Inrestauranttheycanusecleanandrightequipmentsandcutlery.

    Employmentact1992Thehealthandsafetyinemploymentact1992statesthattopreventharmto

    thealltheemployeewhoallareworkinginthepremisesandforotherpersonwhoisintheneighborhoodofworkshouldalsobeprotectedmoreoverthecustomerwhoallcometodineinthepremisesshouldalsobetakencareoff.Restaurantstaffneverprovidedfoodwhichcanharmfulforguestandtheyshouldpreventthemfromfood.Theyneedtocheckexpirydatesandfoodstorageinrighttemperatureandthereshouldbesystemwhichfollowedbybusinessfromfooddeliveriesintherestaurantontime.Italsoincludeproperreceiving,storage,preparation,cookingandservingfood.Stafftrainingshouldbecompulsorybecauseoftheirknowledge.Restaurantshouldpreventcustomersfromhazards.TheprivacyactAccordingtothePrivacyactstatesthatindividualprivacythereforeispersonaldetailsoftheguestshouldnottobedisclosedtoanyoneatanypointoftime.Customerprivacyactimpliesinrestaurantoperations.Noonecandiscloseanyinformationaboutcustomers.HumanrightsactAccordingtotheHumanrightsact1993saysthatnobodycandiscriminateanyoneonthebasisofRace,color,ethnicorigin,disability,gender,maritalstatus,age,religion,politicalopinion,employmentstatus,sexualorientation.TradingactShoptradingrepealact1990definesaboutthehoursofopeningthebusinesswhichalsohelpthecustomertobeawareabouttheirpurchasingtime.2.4evaluatedifferentmerchandisingopportunitiesforhospitalityproductsandservicesAcombinationoflocalmediaandlocalstoremarketingprogramswillbeutilizedateachlocation.Localstoremarketingismosteffective,followedbyradio,thenprint.Assoonasaconcentrationofstoresisestablishedinamarketthenbroadermediawillbeexplored.Advertisingisbestformtopromoterestaurant.Byprovidinganentertainingenvironmentwithunbeatablequalityatanunbelievablepriceinacleanandfriendlyrestaurantthanitautomaticallyincreasessales.TherearesomemethodsofadvertisingsuchasTV,radiocommercialsandnewspaperadscanbeveryexpensive.Ifanypersonreadytoopenanewrestaurantorpromoteexistingrestaurantandtheydonthaveaverybigadvertisingbudgetthantherearestillseveralwaystopromoterestaurantevenonalowbudget.RestaurantWebsite

    Oneofthemostpowerfultoolsarestauranttheirownwebsites.MoreandmorepeopleareturningtotheWorldWideWebforinformationratherthantheyellowpages.Maintainingawebsiteiscrucialforanybusinesstoday.Itissimplestwaytoattractcustomerandgetsalesprofit.Peoplesellproductsdirectlytoconsumersanditshouldgivethebasicinformationofrestaurantandabouthours,telephonenumber,directionsandacopyofmenu.Restaurantalsoadvertisesonwebsitecustomerpromotionsonweeklypromotionssuchasanearlybirdmenuorhappyhourdetails..Oneofthebestwaystogetbusinessthroughrestaurantwebsiteislinkingwithotherbusinessessuchaslocalhotels,thechamberofcommerceandlocaltouristinformationsites.MenuFlyers

    Creatingamenuflyeroratakeoutmenuisanotherwaytogetthewordoutaboutrestaurantwithoutbreakingthebank.Placetheseflyersatlocalhotels,chambersofcommerceandtolocalbusinesses.Menuflyersplacedonpopulartouristdestinationsaswellsuchskimountains,parksorwhateverplaceintheareathatdrawsacrowd.Onflyersmenuwearenotabletoputwholemenusoitisokifwepostsomepopulardishesandincludinghoursandanyspecialpromotionslikehappyhours,directionandcontactnumber.Newspapers

    Newspaperadvertisementisverycheapestwaytopromoterestaurantbecauseifwedonthaveenoughmoneytopromoteonhighlevel,likebiggeradvertisementsthanweadvertiserestaurantonnewspaperwithinlessamount.MenuInserts

    Menuinsertsareagreatwaytoadvertisenewpromotionsorservicestoexistingcustomerbase.ForexampleifthereisaintroducinganewpromotionsuchasawinetastingdinneronthefirstFridayofeachmonth,wecanplaceaninsertadvertisethatisinregularmenu.Themenights

    ThemenightslikeparticularthemeonthedaywhicharenotpreparinginrestaurantbeforebutnowrestaurantdecidetocreateFrenchmenuwithfloweringthemeandbeautifuldecorationwithcandles.AccordingtocustomerinterestifsomeonelikeFrenchfoodorfloweringthemethantheywilldefinitelycometorestaurant.Customerlikefunlovingnights.Itincreasesthereinteresttocomeagainandagain.WhentoSpendMoreonAdvertising?

    Restaurantsshouldplantoincreasetheiradvertisingbudgetsduringtheholidayseason.InOctoberorearlyNovember,runanewspaperadremindingthepublictobooktheirholidaypartiesandordertheirpartyplatters.IftheplacewhererestaurantlocatedtouristdestinationthenitisagoodideatoplaceanadinthelocalpaperandortouristpaperpriortothebusyseasonMayforthesummermonths,Novemberforthewintermonths.Manychambersofcommerceorlocaltourismassociationswillpublisha

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    newspapergearedspecificallytowardtourists.Ithighlightsallthesightsandactivitiesofanarea.Advertisingiskeytogainingnewbusinessforyourrestaurant.However,youdonthavetospendafortunetoattractnewbusiness,whenyouthinkoutsideofthetraditionaladvertisingbox.Lo3understandpricingandprofitabilityconceptswithinhospitalityoperations3.1evaluatedifferentmethodsofpricingtakingintoaccountadditionalpricingconsiderationsItisallaboutproductandhowmuchtochargeforproductorservice.Therenumbersofstrategiestoovercomeprobleminmanageproductpriceormenuprice.TherearesomePricingstrategiestosetthepriceofproductandservicelikecost,positioningandmaximizingquantity.Correctpricingisveryimportantinrestaurantbusinessoranyotherbusiness.Therearefourmethodstocalculatethepricing.Someofthepricingmethodsarefollowing:Methodsofpricing

    1)CostpluspricingCostpluspricingisthesimplestpricingmethod.Thefirmcalculatesthecostofproducingtheproductandaddsona

    percentage(profit)tothatpricetogivethesellingprice.Thismethodalthoughsimplehastwoflawsittakesnoaccountofdemandandthereisnowayofdeterminingifpotentialcustomerswillpurchasetheproductatthecalculatedprice.Setthepriceatyourproductioncost,includingbothcostofgoodsandfixedcostsatyourcurrentvolume,plusacertainprofitmargin.Forexample,widgetscost$20inrawmaterialsandproductioncostsandatcurrentsalesvolumeoranticipatedinitialsalesvolumeandfixedcostscometo$30perunit.Totalcostis$50perunit.Thendecidethatwanttooperateata20%markup,soadd$10(20%x$50)tothecostandcomeupwithapriceof$60perunit.Solongasyouhavecostscalculatedcorrectlyandhaveaccuratelypredictedyoursalesvolumeanditwillalwaysbeoperatingataprofit.2)Psychologicalpricing

    Hittingpricepointsthataresignificantforexamplepricingitemsat$14.99insteadof$15customerperceivethemasbeingbettervalue.Itiseasywaytoattractcustomersandmakemoremoneyfromthisstrategy.Andalsocoverspricingitemstoolowonamenuincomparisontootherdishes3)Breakevenpricing

    Itmaydefineasthatvolumeofbusinessatwhichtotalcostsareequaltosalesandwhereneitherprofitnorlossismade.Totalsalesandtotalexpensesareequalandthereisneitherlossnorprofit.4)Popularpricepoints

    Therearecertainpricespoints(specificprices)atwhichpeoplebecomemuchmorewillingtobuyacertaintypeofproduct.Forexampleunder$100isapopularpricepoint.Enoughunder$20tobeunder$20withsalestaxisanotherpopularpricepoint,becauseit'sonebillthatpeoplecommonlycarry.Mealsunder$5arestillapopularpricepoint,asareentreeorsnackitemsunder$1noticehowmanyfastfoodplaceshavea$0.99valuemenu.Droppingpricetoapopularpricepointmightmeanalowermarginbutmorethanenoughincreaseinsalestooffsetit.5)Fairpricing

    Sometimesitsimplydoesn'tmatterwhatthevalueoftheproductisevenifwedon'thaveanydirectcompetition.Thereissimplyalimittowhatconsumersperceiveasfair.Ifit'sobviousthatourproductonlycost$20tomanufactureevenifitdelivered$1000invalue,itisahardtimechargingtwoorthreethousanddollarsforitandpeoplewouldjustfeelliketheywerebeingsqueezed.Alittlemarkettestingwillhelptodeterminethemaximumpriceconsumerswillperceiveasfair.6)Positioning

    Poisoningmeanspricingaboutproductanditisakeypartofpricing.Forexampleifanybodyrunningdiscountstorethanhealwayssettheirpriceslowerthantheircompetitors.Thepricinghastobeconstantwiththepoisoning.Customersalwayswantreasonablepriceandgoodqualityoffood.

    7)CostbasedpricingInhospitalitythisinvolvesaccuratelycalculatingthefoodorbeveragecostofperunitusuallydonebyusingastandardrecipe

    thanapercentageisaddedforgrossprofittoarriveatthesellingprice.Itisimportanttoensurethatthegrossprofitpercentageaddedisenoughtocoverallfixedandvariablecostaswellasthedesiredprofitmargin.8)Marketorientedpricing(Qualitative)

    Thismethodlooksattherelationshipbetweenpriceandvalueformoneylikehowmuchpeoplearepreparedtospendandwilltakeintoaccountthewholemealexperiencefromdcorofrestaurant,menuitems,staffserviceandcleaning.Factorseffectsonpricing

    Pricemustalwaysbeconsistentwiththecustomersperceptionofvalue.Thehigherpricethegreaterthecustomersexpectationanditistodisappoint.Iftheproductisperceivedtobetooexpensivethecustomerwillfindsubstitutes.Iftheproductispricedtoolowthecustomermayfeelitreflectsinferiorquality.Budgetperspectiveapriceneedstoincludethecosttothebusinessaswellastheprofitexpectations.GSTcost

    Itisavaluewithaddedtaxanditiscompulsoryforeveryonewhobuysproductandservicefromseller.Forexamplewhenchefcostingthemenuhewillincludetaxcostwithdishcost.(pricingmethods)

  • 5/31/2015 BTECHNDAssignmenthelp

    http://btechndcourse.blogspot.com/search?updatedmax=20150211T09:10:0008:00&maxresults=7&start=19&bydate=false 20/25

    3.2assessthefactorsinhospitalityoperationswhicheffectrevenuegenerationandprofitabilityPricingisoneofthefourelementsofthemarketingmix,alongwithproduct,placeandpromotion.Pricingstrategyisimportantforcompanieswhowishtoachievesuccessbyfindingthepricepointwheretheycanmaximizesalesandprofits.Companiesmayuseavarietyofpricingstrategies,dependingontheirownuniquemarketinggoalsandobjectives.

    PortionControlOnereasonthatchainrestaurantsaresosuccessfulisthattheyhaveafirm

    handleonportioncontrol.Thecooksinthoserestaurantsknowexactlyhowmuchofeachingredienttoputineverydish.Forexample,shrimpscampimayhaveaportioncontrolofsixshrimpperdish.Therefore,everyshrimpscampithatgoesoutofthatkitchenwillhavesixshrimpinitnomore,noless.Thisisportioncontrol.Inordertopracticeportioncontrolinyourownkitcheneverythingshouldbemeasuredout.Chicken,beefandfishshouldallbeweighed,whileshreddedcheesecanbestoredinportioncontrolcupsandameasuringcupcandishoutmashedpotatoes.Onceyoufeelcomfortablecookingaboutmenu,thenservingamounts(sortoflikeRachaelRay)butintheearlystagesofyourrestaurant,erronthesideofcautionandmeasureeverythingout.Anotherwaytopracticeportioncontrolistopurchaseproportioneditems,suchassteaks,burgerpatties,chickenbreasts,andpizzadough.Theymaybemoreexpensivebutcansaveyoumoneyinlaborandfoodwaste.Salesmix

    Salesmixisacombinationofdifferentsalesproductslikebeverages,food,desertandsidecoffees.Totalofbrunchsales,dinnersalesisequaltototalrevenue.Customerservice

    Goodcustomerserviceisthelifebloodofanybusiness.Inafinediningrestaurantcustomerspayforservicetoenjoyfoodandatmosphere.Awaiterorwaitressservescustomerfoodandbeveragesanditisuptostaffthatthecustomerbackagaintotakeservice.Itmeansifthestaffprovidesfineandattractiveservice.Goodcustomerisallaboutbringingcustomersbackandaboutsendingthemawayhappyandhappyenoughtopasspositivefeedbackaboutbusiness.Staffknowledge

    Staffshouldknowaboutmenuitemsontipswiththeirdescriptionsan


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