Being so close to the skytrain station allows Earls to have a competitive advantage over some of the other restaurants in the area. The convenience has helped Earls’ food sales and will hopefully help their liquor sales once the recommendations mentioned later are applied. According to a study by the American Public Transportation Association or APTA, if a business were to invest money into the local public transportation system, they would be able to triple their investment through the
First, offering to purchase on the website will gain more attention from customers because of the convenience of time. Time plays a huge role in customer’s experience, for that reason customers will gain the easy of buying products online at Kudler Fine Foods. Additionally, KFF can advertise the unique products and services offered added to having customers enjoy the benefit of shopping online. For instance, coupons, weekly specials, gift cards are some of the incentives that the website can offer to attract more customers’ trough the website and increase revenue. In conclusion, Kudler Fine Foods needs an effective management team to operate successfully at their best ability by allowing them to implement their knowledge and skills to improve productivity around the business.
In the restaurant business, the fast casual segment is definitely on the rise. People do not have a lot of money right now, but they still want to eat out and get good food and service. At the fore of this growth in fast casual dining, are two American restaurants that are doing extremely well, even in the current recession. These restaurants are Applebee’s and Chili’s. Based in the southern United States, both of these restaurants are extremely well known, and the similarities they have are part of the reason.
Whole foods generally hires within the company. Keeping the employees happy, up to date and informed in the company is an important part of their
Kudler should have a clear idea of what the data is to be used for and how it is to be treated. “Sure, a customer database has value, and a company can maximize that value in any number of ways -- growing the database, mining it, monetizing it. Marketers can be tempted, despite pledges about privacy, to use collected information in ways that seem attractive but may ultimately damage relationships with customers.’ (Davenport, et al, 2007) It is important to their success as a business that Kudler Fine Foods maintain their relationship with their customers. And by this they should maintain positive relationships with all of their customers. “Market analytics allow companies to identify their best and worst customers and, consequently, to pay special attention to those deemed to be the most valuable.
Acquire or Develop Talent Tanglewood should acquire talent, because it wants to keep performance and customer service at high levels. In addition, while old stores under Tanglewood have the same basic look, the management styles and human resource can use some improvements. Acquire talent is very helpful for new stores, because employees would “hit the ground running” and be at the peak performance the moment they arrive. Hire Yourself or Outsource Personally, I think Tanglewood should hire itself. Outsourcing is more practical for small and medium companies.
A positive effect of Kudler Fine Foods in a monopolistic market structure is that they lead in the market and can increase competition between companies and make massive profits by setting higher prices (Colander, 2010). An advantage of a monopolistic competition structure is the ability to set and manipulate product pricing with little consequence because of their strong product differentiation. A disadvantage of a monopolistic competition market is product differentiation can generate unnecessary waste, and advertising can also be considered
Chase Paymentech can also be credited as helping fuel the growth of ecommerce worldwide. I believe that when it comes to ethical principles Chase really has it down. In regards to customers Chase Paymentech wants to give its merchants the best methods to accept credit card payments from their customers with excellent pricing. They have come up with different programs for all types of business, ranging from small to large. The company helps these varying business with affordable pricing, tools to help grow and maintain their businesses.
Streamline customer communications is a very efficient way of working because streamline customer communications deliver fast services, this is best way to keep customers satisfied and when customers’ are satisfied the business becomes more efficient because they are meeting needs and accumulating capital. Additionally, B&Q uses electronic communications to reduce staff costs as this plays a impacting role in the business s as it saves costs for them as the amount of staff needed are
This change brought about more benefit for both regions. It allowed both regions to thrive as it relates to the process of trading, and to help their respective region to advance and gain more resources to aid them in military events as well as their everyday lives. Inversely, this extension of areas of trade benefited the new area they were trading with, by aiding them in the advancement and industrialization of their country. So, this change really was beneficial (much like it was for the Silk Road in China), not only for the Mediterranean region and West Africa, but also for the region that they were now trading