Answer#a. Mission statement: Mission statement is a little statement that characterizes the objective, strategy and focuses of organizations. Here, at the beginning segment of the contextual investigation, it was said that "the overextending motivation behind opening a Restaurant, was to be the top notch makers of value administration in the eatery business in Accra and regard for the client".
Answer#b. Competitive intelligence is the way toward picking up advertise data with respect to contending organizations and dissecting the data for getting ready strategy for increasing competitive bit of leeway over opponents. For our situation study, Takyiwaa, Salamatu and Adade had concurred that it is essential to methodicallly accumulate data and examine that data concerning different eateries business patterns and exercises inside Accra, so as to promote their target. This is the way toward creating competitive intelligence.
Answer#c. Cost leadership strategy is a strategy utilized by organizations for increasing a competitive favorable position over adversary organizations. This strategy includes arrangement of items and administrations at a costs lower than the market normal, for building a client base. For our situation study, Takyiwaa, Salamatu and Adade consented to make offer the most minimal conceivable cost to expand deals volume in the following three to five years. They had taken the choice to go for a cost leadership strategy here.
Answer#d. Focus strategy: This is a strategy by which they focus on the region of their skill as it were. Ventures made in irrelevant segments can cause organizations to go wayward. It will likewise expand the danger of organizations. Focus strategy is valuable in such circumstances. Here Takyiwaa, Salamatu and Adade had information and abilities in the Management of Small and Medium ventures and they were wanting to gather in café segment which were SMEs.
QUESTION 1 Takyiwaa, Salamatu and Adade are Undergraduate Students from the University of Professional Studies who...
Three friends have just graduated with Bachelor of Management degrees from Athabasca University. One wants to start a restaurant but is worried about the potential liability involved with serving food to other people. The second wants to work as a subcontractor in a building trade and expects to have her potential liability covered by the contractor’s insurance plan and through the Workers’ Compensation Board. The third wants to team up with a couple of other graduates to create a financial...
IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN GOD WE TRUST comprises Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Poultry Business. IN GOD WE TRUST overarching purpose for establishing a Poultry Business was to become the leading producers of Quality Poultry Products in the Poultry Industry within their catchment area of Business operation. IN...
Costing Systems (Task #2) Azlina discussed the business plan with her accounting lecturer who agreed to serve as her part-time accountant. Her first advice was for the business to develop a budget. Since Azlina 18 yet to complete her management accounting subject, she was not aware of the various costing systems that exist in businesses. Her accounting lecturer told Azlinaof the three different types of costing systems that exist in organizations - job order, process costing and activity based costing...
Hi, I'm struggling with this management accounting question. Please help For nearly two years, Per has had a pizzeria where he has baked and sold luxury pizzas to the customers visiting his restaurant. The restaurant is decorated tastefully in classic Italian style. In the period, he has achieved a good reputation in the local area, and he has a stable customer base that visits the restaurant regularly. Today, a very critical situation for Per's Pizzeria has arisen. For the sake...
Case questions 1. What HRM problems could be expected to arise from this amalgamation? As HR consultant to All Star University, what would you recommend (and do) to prevent or overcome such problems? 2. Formulate a plan of action to reduce the head count by 20 percent (pay attention particularly to how you would identify and select those academics to be terminated). Identify the major challenges you might face and explain how you would overcome them. Case: The merged School...
Question: Use the scenario to calculate the income (including the original loan) and expenditure for the fi... Use the scenario to calculate the income (including the original loan) and expenditure for the first year to determine if the business, from a financial perspective, is worth the risk for Mr Ngobeni. Scenario The cement industry in Kenya is currently undergoing mixed sentiments by various economic and financial specialists. From an economic perspective, this industry should grow, especially in view of the...
The questions all relate to the following fact pattern: Two gentlemen walk into your CPA office and tell you that they wish to start a business. The facts as they relate them to you are as follows: The two men are brothers named John and Bill Harris. John has developed a secret recipe for beer battered fried walleye nuggets. Bill has lots of money and is interested in starting a business with his brother but has no experience in the...
Based on the information provided in the case study, create an integrated marketing communication (IMC) for NOBU Hotels. Please include at least 4 promotional mix tools and describe the promotion/activity with sufficient details for each. Traveling in Nobu Style: Converting Restaurant Patrons to Hotel Guests The name “Nobu” is synonymous with an exceptional Japanese dining experience, perfected by chef Nobu Matsuhisa over a more than 30-year career. Matsuhisa, together with actor Robert De Niro and restaurateur Drew Nieporent, opened the...
Case Study 1: Drive-Thru Service Times @ McDonald's (McDonalds Drive-Thru Waiting Times spreadsheet) When you're on the go and looking for a quick meal, where do you go? If you're like millions of people every day, you make a stop at McDonald's. Known as "quick service restaurants" in the industry (not "fast food"), companies such as McDonald's invest heavily to determine the most efficient and effective ways to provide fast, high-quality service in all phases of their business. Drive-thru operations...
After Fran graduated with an undergraduate art degree in 2008, she decided to combine her knowledge and love of art with a second love—plants and flowers—toward developing a business. Her intent was to focus on a specialty niche in the flower shop business. She decided to concentrate her efforts on make-to-order special flower arrangements, like are typically found at banquets and weddings. Due to her talent and dedication to doing a good job, she was highly successful, and her business...