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Importance of Food Cost Labor and Sales in a Food and Beverage Operation Research Paper

… ¶ … Food Costs, Labor and Sales

One of the biggest challenges that all restaurants are facing is: high food costs and labor issues. These factors can eat into the underlying profit margins of a company. At the same time, declining sales are an indication that something is wrong in the products mix and the services they are providing. In the case of the restaurant that we are examining, all three of these different elements are having an impact on the establishment. The most notable include: food costs have increased by 50%, there are not enough skilled employees and sales have declined by nearly 25%. As a result, we need to evaluate and provide solutions for addressing these issues. Once this takes place, we can…. [read more]


Appraise How Restaurant Management Software Can Improve the Efficiency of Sales Processes of SMES Restaurants Dissertation

… ¶ … restaurant industry is a highly competitive market today. Moreover, many entrepreneurs are facing significant constraints in the management of their restaurants with regards to loss of data, non-standardized products, uncontrollable employee behaviors, unverifiable accounting, complexity of each function in the restaurant and so forth. Despite these constraints, the restaurant industry continues to attract a constant stream of aspiring entrepreneurs based on the relative ease of entry in the industry and the small amount of investment compared with other business sectors. To be sure that they can operates their businesses successfully, these individuals need to have a thorough understanding of restaurant management and operations, and particularly the sales processes that are regarded as one the important issues that contribute to customer satisfaction. To improve…. [read more]


Pepsi Cola Beverages Term Paper

… PepsiCo

Roger Enrico is facing a huge business decision as part of his responsibilities at Pepsi Company. His duties as President and CEO of Pepsico Worldwide Beverages includes making decisions with the importance that this one has, but in doing so, he must carefully consider all the factors and all the possible scenarios stemming from those factors. This specific situation could have worldwide implications for the future of Pepsico, and of course, Roger Enrico.

The problem is that Pepsico, which at the time, was showing strong profits and sales, while at the same time the company was also facing increasing competition. If the company was to continue to grow, and prosper, a complete reorganization might be necessary. That decision was facing Enrico.

The reason for…. [read more]


Hotel Motel Management Operations Term Paper

… Hotel, Motel Management Operations

Hotel or motel management is a personnel intensive operation and provides a lot of assistance to individuals residing in areas where there are attractions for people to come, or pass through, but normally the areas do not have any reason for visitors to reside for long periods. The requirements of these visitors are served by hotels.

There is a great potential for hotel and motel operations in many parts of the country. This is also one of the fastest growing industries in the country with many hotels, motels and restaurants remaining open 24 hours a day, all through the week with the purpose of meeting the demands of the visitors there. This is also one of the largest employers in the…. [read more]


Oceana Group Limited Essay

… The last dimension is the governance pillar. This pillar is highly critical for any organization that is aimed at surviving and posing good results. In South Africa matters of corporate governance have been given high gravity. Oceana has ensured that the directors are those persons who have the necessary skills and knowledge on management. The company has further ensured that the shareholders remain in position of decision making when they attend and ratify decisions during the general meetings. In this regard the company's decisions are made by the majority shareholders.

Deficiencies in compliance

The GRI Sustainability Model® has been successfully employed in the assessment of the giants of the Food and Beverages industry all over the world (GRI,2010b). Oceana fall under the Food and Beverages…. [read more]


Islamic Marketing Strategy Article

… (Miller, 1996) This is to differentiate the Islamic production process such that the Islamic process considers the impact the product would have on the whole society. Thus, more importance is given to the welfare of the society and satisfying human needs. (Al-Faruqi, 1992)

2.1.4 False advertisements prohibited.

The idea of propaganda through the media is prohibited in Islam. (Hassan et.al, 2008 p 32) That is to say that the supply and demand chain cannot be disrupted by flaunting one's products more than the other is. A major advertising technique that is out rightly declared wrong in Islam is to provide wrong proof for a product. (Hassan et.al, 2008 p 33) Thus, covering up any defects in a product or falsely flaunting the product is also…. [read more]


Branding Affects the Buying Decision Thesis

… Then, the telephone numbers of fifteen hundred people was randomly generated from the national directory. Telephone interviews were conducted with three hundred and eight people, deeming a response rate of 20%. (Weiping, 2008)

A highly structured questionnaire was designed to decrease time spent on the phone for both the interviewer and the respondent. This allowed the interviewer to take notes accurately whilst letting the person on the other end relax and answer questions comfortably. A statistical analysis was done to ascertain the validity of the gathered results. The independent variables included brand trust, brand loyalty and product familiarity. The dependent variable was the future purchase intention. The 7 point Likert scale was applied for data collection. The analysis illustrated a support for the direct, positive…. [read more]


International Expansion Essay

… China has in the recent years liberalized its trade policies (Lardy,2003; Ianchovichina & Martin,2001). This means that import and exports can be conducted freely. Red Bull can exploit this friendly policy in the importation of its products into the populous Chinese market. Red Bull must also tow the line in regard to adhering to the Chinese food and beverage importation policies.

Some of these rules and regulations as stated in the policy include the following;

The company must ensure that they declare the importation of its goods to the Customs at the port of entry or any other place of entry within 14 days from the declaration of entry date.

The imported Red Bull products must be given Chinese labels as stipulated by the Chinese…. [read more]


Ewom Communication and Brand Trust Term Paper

… EWOM Communication and Brand Trust

Brand Trust and Customer Equity

EWOM Communication and Customer Equity

Brand Equity Drivers and Customer Equity

Relationship of Equity Drivers on Customer Equity

Value Equity Drivers

Brand-Related, Relationship-Related and Value-Related Drivers

Developing eWOM Campaigns

Things Not to Do with eWOM

Considerations for Consumer Online Reviews

Comparison of WOM Campaigns

Customer Equity (Villanueva, Yoo & Hanssens 2006, Introduction Section, ¶ 1).

CLV: Consumers' lifetime value (Villanueva, Yoo & Hanssens 2006, Introduction, ¶ 1).

UGC: User-Generated Content (Cheong & Morrison 2008, ¶ 1).

HOW ELECTRONIC WORD-of-MOUTH (EWOM)

AFFECTS BRAND TRUST and CUSTOMER EQUITY

CHAPTER II

LITERATURE REVIEW

"…[C]onsumer reviews and ratings are the most accessible and prevalent form of eWOM"

(Hopken, Gretzel, & Law 2009, p. 38).

eWOM

In the literal world,…. [read more]


Evaluating the Chosen Companies Dissertation

… Competition Between McDonald's, Burger King, and Wendy's: The Finances of Fast Food

The following research proposal demonstrates the need for achieving greater consistency, accuracy, and reliability in the financial assessment of public traded corporations, and to this end develops a systematic way of achieving a model of prediction and assessment with the qualities. Noting the recent and ongoing economic turbulence caused by inconsistent and often fraudulent accounting and reporting practices, a literature review is conducted that identifies many of the complicating factors that affect financial reporting and corporation value assessment even when entirely legitimate practices are involved. Issues affecting firm valuation and company performance are also assessed. Following this review, the methodology for the proposed research of three companies in the fast food industry is…. [read more]


NAFTA Historical Beginning Term Paper

… 3. A panel of experts was utilized to handle disputes.

The creation of CUSTA sparked interest from Mexico. The free trading area or FTA spanned greater than 360 million people, and $6 trillion in annual output. NAFTA may also be considered a link to two of the largest trading partners to the U.S.: namely Mexico and Canada.

History Bibliography:

Mariama W. Williams, A Brief History of GATT and NAFTA; Women's Alternative Economic Network

Gary C. Hufbauer, Reginald Jones Senior Fellow and Diana Orejas, NAFTA AND THE ENVIRONMENT: LESSONS FOR TRADE POLICY, Institute for International Economics (2001)

Daryll E. Ray, Director, Agricultural Policy Analysis Center Melissa B. Cooney, NAFTA and the Small Mexican Farmer, Graduate Research Assistant University of Tennessee

US-Mexico Chamber of Commerce.

NAFTA Objectives…. [read more]


Foreign Policy of China (Beijing Thesis

… But just as China (Beijing consensus)'s economic and military power does not yet match that of the United States, China (Beijing consensus)'s soft power still has a long way to go as demonstrated by a Chicago Council on Global Affairs poll. China (Beijing consensus) does not have cultural industries like Hollywood, and its universities are not yet the equal of the United States. It lacks the many non-governmental organizations that generate much of U.S. soft power. Politically, China (Beijing consensus) suffers from corruption, inequality, and a lack of democracy, human rights, and the rule of law. While that may make the "Beijing consensus" attractive in authoritarian and semi-authoritarian developing countries, it undercuts China (Beijing consensus)'s soft power in the West. Although China (Beijing consensus)'s new…. [read more]


Manufacturing and Supply Chain Term Paper

… E-Manufacturing - a New Link in the Supply Chain

Research Question and/or Hypothesis

Benefits of the Study

Industry/Organizational Perspectives/Implications

Conceptual Framework

Definitions/Operationalization of Terms

Research/Sampling Design

Research Variables/Measurement

Summary, Conclusions, and Recommendations

E-Manufacturing - A New Link in the Supply Chain

Computer use first spread throughout manufacturing and industry during the 1950's and 1960's. Early computers, however, were both difficult to program and limited in their speed and memory. Therefore, they were used mostly for tasks requiring little analysis, but much sorting, calculating, and filing. These first computer applications did in fact improve the efficiency of basic clerical activities within manufacturing companies: accounting; payroll; order processing; inventory maintenance, customer record keeping, and so forth.

However, the early computers used in manufacturing and business were dedicated…. [read more]


Planning by 2012, Starbucks' Chairman Howard Schultz Essay

… Planning

By 2012, Starbucks' Chairman Howard Schultz is promising the investment community that his company will nearly triple annual sales, to $23.3 billion (Helm, 2007). Can he really do this? That's certainly the question everyone is asking. This paper performs a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis of Starbucks to assess Starbucks' likelihood of success.

Starbucks has many strengths. The company's chairman is a hands-on manager who has influenced the company's direction into premium gourmet coffee and the espresso bar culture (Helm, 2007). This has, in turn, been implemented as an "authentic" customer experience supplemented by highly trained employees who participate in the Coffee Master program (Helm, 2007). Great customer experiences are what fosters customer loyalty and long-term success (Rae, 2006). Starbucks' stores have…. [read more]


Motivation Systems for Hospitality Organizations Essay

… Base rewards on job performance (Employee Motivation: Theory and Practice 2010).

The rewards that relate to job performance typically include pay and benefits. According to Chonko and Roberts, "Of all the many properties that characterize work in formal organizations, pay is one of the most important. Pay has been found to influence significant organizational behavior variables, including turnover" (1996:154). As noted above, though, a number of other motivational factors can be used depending on the wants and needs of the employees that are involved. For example, according to Neff (2002), truly effective employee motivation and satisfaction programs require organizations to use more than just pay and benefits because different people view personal success in the workplace in vastly different ways. In this regard, Neff emphasizes…. [read more]


Ice Cream Parlor Term Paper

… Ice Cream Parlor

Company Background

Business History

Growth and Financial Objectives

Legal Structure and Ownership

Company Location and Facilities

Plans for Financing the Business

Organization

Team Members

Organizational Structure

Other Key Employees

Principal Stockholders

Market Analysis

Industry Analysis

Target Market

Customer Profile

Major competitors and participants

Market Segmentation

Projected Market Growth and Market Share Objectives

Product and Service Offering

Product and Service Summary

Product and Service Uniqueness

Product and Service Descriptions

Competitive Comparisons

Research and Development

Patents and Trademarks

Marketing Plan

Creating and Maintaining Customers

Product Pricing Strategy

Product Positioning

Sales and Distribution Plan

Promotional Strategy

Business Plan

Darden Restaurants

Executive Summary

Darden company is the largest in the world public company which is an important player in restaurant business, thus is a service providing…. [read more]


Business Plan Australia Has the World's Leading Business Plan

… Business Plan

Australia has the world's leading coffee culture. This can be threatening to firms unprepared for it, but for firms with a great product that will appeal to Australia's savvy consumers, there is plenty of opportunity. One such product is the lever espresso machine, something that delivers exquisite espresso and gives the home barista a chance to "become one with the shot."

The Lever espresso machine from Espresso Art is a high-end product that specifically appeals to Australia's savvy coffee consumers. It will be priced higher than the baseline "good" home espresso machine but because of its lack of automated parts, it will be priced much lower than the comparable top-of-the-line automated machine. A price point of $1,200 has been set. The Lever will…. [read more]


Griddle Cafe Restaurant Business Term Paper

… In the hotel industry, there are few substitutes since all the firms offer the same products to consumers thus the consumers are unable to switch between brands. The presence of not-so-close substitutes in the industry does not influences pricing the result being price increases by the restaurants to maintain higher returns over their close rivals in the market. There are substitutes for restaurant and hotels such as take-away joints and roadside delicacies but none of these offers the service and amenities that luxury hotels provide to their guests. This is the main reason why there is a low threat of substitutes to the luxury hotel industry.

Porter's Model of the Industry

Conclusion

Griddle cafe is a place where one can enjoy their time in a…. [read more]


Toll Roads Term Paper

… Privatization of America's Highway Infrastructure

Brief History of Public Roads

The Role of States

Federal Efforts to Build Our Highway System

What is the Answer?

Increased corporate taxes and revenue for localities

Fears of price gouging

Competition leads to better management

Managing downside risk

Examples of privatization at work

Chicago Skyway

Considerations for future Pennsylvania projects

The future of New Jersey highways

Advantages vs. consumer fears

Hybrid techniques

Solutions must consider local situation

The Privatization of America's Highway Infrastructure

"I am aware, Gentleman, that the want of a good, permanent road is, at present, the principal defect in the communication between the middle counties and the metropolis." - Thomas Mifflin, Pennsylvania Governor 1791

Roads are one of the oldest elements of the infrastructure of any…. [read more]


Starbucks Situational Analysis Environment Important Term Paper

… " In furtherance of this end, Starbucks has created and applied for nearly 100 federal trademark registrations and also has several patent applications pending. Starbuck's patent in the United States for its coffee on tap system has positioned Starbucks as one of the dominant players in the coffee industry.

In measuring the appropriateness of its decisions, Starbucks relies on six guiding principles. First, Starbucks provides a great work environment and treats its consumers, employees, and vendors with dignity and respect. Next, Starbucks embraces diversity as an essential component in the way it does business. Third, Starbucks applies the highest standards of excellence to the purchasing, roasting, and fresh delivery of its coffee. Fourth, Starbucks aims to develop enthusiastically satisfied customers all of the time. Fifth,…. [read more]


Relfective Analysis Reflective Analysis Personal Essay

… This can have benefits far beyond the time it actually happened. This inadvertent training sometimes has more benefit than the formal training an employee receives because it solidifies their working personality.

Training

This is one of the most important aspects of any job, and it is sometimes the most overlooked. People who attend college, receive a degree and then enter the workforce are often expected to know how to perform in a certain job because they have all of the technical knowledge that is required. But, the technical knowledge may be the least important form of training that they will receive. Knowing how to perform a job has to do with being able to meet the demands that the occupation and the work site produce…. [read more]


Ticket Prices and Athlete Salaries Research Paper

… 167). Although there remains a paucity of timely and relevant studies in this area, these findings are consistent with the studies to date that have shown that the increase in athlete salaries has affected professional sports negatively because they contribute to the growing perception of these players receiving inordinately excessive and even exorbitant sums in return for their efforts, placing their tickets at levels that are no longer affordable for many average consumers (Jozsa & Guthrie, 1999). For instance, these analysts report that, "Escalating ticket prices may have contributed to lower attendance" (Jozsa & Guthrie, 1999, p. 80). In support of these assertions, Jozsa and Guthrie cite the following:

1. NFL ticket prices averaged $36 in the 1996 season; at $25 a seat, the New…. [read more]


Policing Liquor Licensed Premises in Hong Kong Research Proposal

… Best Practices in Policing Alcohol and Licensed Premises

Today, Hong Kong enjoys a free market economy but it is highly dependent on the international trade, finance and tourism sectors for its revenues (Hong Kong 2009). The Mongkok Police District of Hong Kong is the subject of the dissertation (see map at Appendix ____ and District Boundaries as set forth in DC MKDIST'S Standing Order No. 1-01 at Appendix ____). There are currently more than 5,000 liquor licensed premises in Hong Kong, with 396 of them being situated in the Mongkok Police District. The number of bars/pubs, nightclubs and restaurants is 49, 33, and 314, respectively. In addition, Mongkok is an unofficial red-light district in Hong Kong; while the area is home to a number of…. [read more]


flows of freight have of late Essay

… ¶ … flows of freight have of late been a critical element of the modern changes in the financial and economic systems at the local, regional and global scales. Looking at these changes one must only do so at quantitative, structural, and operational levels. Structural changes largely entail manufacturing systems with their production geography, while operational changes largely involve freight transportation and its distribution geography. Thus, the key question not only involves the nature, and movements of freights, but also the manner in which this freight is moving (Hesse & Rodrigue, 2004).

The multifaceted perspectives of friction in view of modern supply chain management involve a number of factors. Hesse and Rodrigue (2004) noted that transport expenses, the intricacies of the supply chain, the physical…. [read more]


Japanese-American Biopharmaceutical Industry Term Paper

… The objective of such harmonization is a more economical use of human, animal and material resources and the elimination of any unnecessary delays in the global development and availability of new pharmaceuticals while maintaining safeguards on quality, safety and efficacy, and sustaining regulatory obligations to protect public health. This mission is embodied in the Terms of Reference of the ICH.

Limitations and Delimitations

This problem is limited by the extent to which the United States and Japan choose to continue to permit the extensive interval of time from which pharmaceuticals are available in the United States to when they are available in Japan.

This problem is delimited by the extent to which the United States and Japan choose to cooperate in reducing or eliminating the…. [read more]


Customers Attitudes Towards Own Labels Multiple Chapters

… Customers' Attitudes Towards Own Labels: An Analysis of the Customers' Brand Loyalty and Attitude towards the Own Labels and in UK's Retail Sector; Case of Tesco

Academic Year 2009-2010

Tesco is the largest employer in the United Kingdom and is a leading retailer of groceries and non-food items throughout the country, as well as Central Europe, Asia and North America. The company achieved this growth due in large part through the judicious use of private brands, as well as the use of the most appropriate store format for the areas it serves. Moreover, Tesco has managed to succeed where many other retailers have failed in its introduction of home-based delivery services of groceries and other non-food items by identifying an optimum branding strategy. These successes…. [read more]


Ethical Audit of the Hershey Chocolate Company Term Paper

… Globalization has impacted almost very aspect of organizational discourse. This is true even for organizations which once primarily operated in the United States. Access to cheaper labor has prompted intense competition between organizations, forcing many U.S. companies to seek better financial outcomes through outsourcing. Such is the case with Hershey. A recent report released by MarketWatch demonstrates that in the coming months, Hershey will begin downsizing in its Pennsylvania location, pushing more than 600 jobs overseas because of cheaper labor costs ("Food..., 45). While this is not the first global shift that the organization has made, it clearly elucidates the impact that globalization is having on the organization and its overall business practices.

With the realization that Hershey has been so notably impacted by the…. [read more]


Implication of Self-Service Technology Is Applied in Hotel Industry Research Paper

… ¶ … technology in the hospitality industry. The work first addresses the growth of the service sector in relation to the hospitality industry and will then discuss changes that have and will occur in the industry as a result of technology. The most important aspect of this work is the analysis of self-service technology (SST) as the most enduring and important trend in hospitality, with the understanding that SST must be supported by personal service and ultimately offers many opportunities and some challenges for the industry as a whole.

The service industries have always played a significant role in the economy of the United States the projected growth of the service sector in the next decade and beyond is so significant it has become the…. [read more]


Use of ICT Book Report

… ¶ … Communication Technology in the Hospitality Industry

Computers, global telecommunications and the Internet have all fundamentally changed the manner in which companies of all types and sizes operate and market their businesses today. In fact, information and communication technology (ICT) have been responsible for fueling the globalization of the marketplace and these same forces have contributed to the resurrection of the travel and tourism industry following the major downturn the industry experienced following the terrorist attacks of September 11, 2001. Today, the tourism industry is the largest industry in the world and the hospitality sector that is supports has enjoyed the results of this upsurge. Some hospitality organizations, though, have benefited from their ICT initiatives in more significant ways than others, but it is…. [read more]


Voss Water International Marketing Plan for the Turkish Term Paper

… Voss Water

Today, Turkey is emerging as an increasingly important nation that serves as a bridge between the Middle East and the European Union and points beyond. Turkey's full membership in the European Union appears to be a matter of when rather than if, and the Turkish population has enjoyed the economic benefits of a secular state seeking to become a full partner in the international community. Cities such as Ankara and Istanbul are becoming a cosmopolitan amalgam of the best that Europe, the Middle East and Asia have to offer, and the growing Turkish middle class is eager to spend their discretionary income on Western goods that communicate good taste and top-notch quality as evidence of their new affluence. In this environment, there are…. [read more]

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