In order to reach its goal of regaining the competitiveness in the industry, a restaurant management system must be implemented. Abate Restaurant Manager is an engagement, analytics, and tableside ordering platform that brings Saleforce.com, world class customer focus, infrastructure to the restaurant industry. This system offers lots of features like inventory management, manager monitor, point of sale table management, etc. which will all boost competitiveness and productivity of the
KUDLER FINE FOODS PROBLEM STATEMENT Introduction After analyzing the strategic plan for Kudler Fine Foods (KFF), many problems that will slow down the process of growth and success of the business are evident. My team members and I have discussed the issues involved with Kudler Fine Foods based on the information provided in the virtual internet/intranet web site (University of Phoenix, 2009). As a team, we have identified many issues within the organization, including poor upper-level management, poor organizational planning, inordinate reliance on perishable goods, a weak strategic plan, the owner’s mixing of personal and business finances, and the lack of a website for selling KFF products and services. The problems selected
Mrs. Kudler recognizes the importance of word of mouth promotion, which re-enforces the idea of in store gatherings and cooking classes. Over time, the organization will increase profitability if these events are positive and properly promoted. This is best done when attempting to increase the customer’s value chain. Catering and the Local Growers Both the catering service and direct buying from local growers will potentially increase profit for Kudler Fine Foods. Making good use of real estate (using the in store kitchen for catering cooking) and improving efficiency/lowering cost (agile inventory system) gives the organization a competitive advantage in the gourmet food industry.
The weakness of Kudler Fine Foods is that an IPO (Initial Public Offering) has many inherent and potential weaknesses that must be examined prior to selection as a means for expansion. An IPO is the first sale of stock by a company. There are many advantages and disadvantages for the Kudler Fine Foods to go public through the IPO. The advantages include generating more capital needed to expand their three locations The IPOs are very expensive undertaking, and a large portion of any capital acquired will be lost to this cost. Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods.
STAKEHOLDERS For this assignment I will identify and explain the external factors that affect two contrasting businesses which are McDonalds and NHS. TASK 1 - POLICITCAL FACTORS Political Political factors are the changes that take within the government and that’s how it affects businesses. The stability of the government can hugely affect businesses or what type of government is ruling, their ideas such dictatorship, capitalism and others. The economic and trade policy makes it difficult for businesses. Credit crunch and recession are great examples of external factors influencing the business.
The third thing that they do an excellent job at doing is researching their future growth. Recently QuikTrip has dedicated much of its resources to improving the stores ability to produce food on site. They have designed a new and improved store that they call a "Gen 3" and it includes a full service counter that provides customers with soft serve ice cream, hot pretzels, and a variety of coffee and fruit drinks. They have realized that not only is the margin that they make on these types of items much larger than that of gas, but by offering these items that the majority of their competitors do not they are attracting more business. The new store design is very appealing to people because it has a lot more to offer, the feedback has been so positive that they have made plans to only build Gen 3 stores from now on.
They also plan to upgrade the shopping experience by offering new and exciting initiatives. TJX plans to build their brand presence to bring more exciting assortment to the customers. Customer service has always been one of their number one priorities. In 2013, their customer satisfaction scores increased. They are working to raise the bar in the future years as well.
Confidence's Cost to Collaboration The corporate formula for innovation often focuses on creating a team of experts to cook up the next big thing. Groups of managers -- typically composed of individuals from a variety of fields, including engineering, marketing and operations -- band together to develop new products or services that can create top-line growth. In a recent paper, Wharton management professor Jennifer Mueller and Wharton lecturer Julia Minson looked at the dark side of teamwork -- the tendency of those groups to become insular and less efficient as they grow in complexity. In "The Cost of Collaboration: Why Joint Decision-making Exacerbates Rejection of Outside Information," Minson and Mueller found that people working in pairs were more likely to dismiss outside input than individuals working alone. Mueller
There has been too broad a focus on growth and EPS with not enough thought given to the strategic and operational changes that must be made in order for PBC to remain profitable and relevant in the restaurant industry. The vision of PBC has been stretched and PBC is no longer offering value to customers as it was in the beginning years of operation. The objectives of this study were to examine PBC’s performance and identify strategic and operational changes that may be required to ensure continued financial success and positive growth. The report that follows is divided into five parts as follows: Part I: - Current performance Part II: - Future outlook Part III: - Improvement strategies Part IV: - Conclusions and recommendations Part V: - Appendix PART I: CURRENT
D1: In this task I have been asked to evaluate how managing physical, human and technological resources can improve a business’ performance and how each resource should be monitored. Physical Resources This may be necessary if the business has to have publicity for example a restaurant. More customers are likely to join your firm, if you have a branch and by this the finance will increase. In a business computer systems will also be needed as this speed up things and any calculations that the business has. When we start looking at the physical of the company, we look at the actions that assume to carry out its activities.