Successful restaurant Flashcards

1
Q

3 dimensions of a business analysis .

A
  • Environment:
  • Market:
  • Company:
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2
Q

3 steps to develop a concept.

A
  • Environment: O () T ()
  • Market: S () W () O () T ()
  • Company: S () W ()
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3
Q

3 perspectives of the environmental analysis.

A
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4
Q

7 perspectives of the market analysis.

A
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5
Q

SBF

A

Strategic Business Field - defines our customers for the business

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6
Q

SBU

A

Strategic Business Unit .What type of feed we are going to sell to the customer

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7
Q

strategic customer.

A
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8
Q

Positioning the product

A

For existing companies and products:

  • BCG Portfolio
  • Positioning Cross

For new companies and products:

  • GE-McKinsey Portfolio
  • Positioning Cross
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9
Q

BCG

A

for exicting

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10
Q

McKinsey Portfolio

A

for new companies

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11
Q

cross positioning.

A
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12
Q

12 perspectives of the company analysis.

A
  • Structure of a Culinary Organization
  • Leadership & Personnel
  • Interior (Front of the House)
  • Production
  • Research and Development
  • Ability of Innovation
  • Know-How Analysis
  • Synergy Potentials
  • Inventory, Storage, Purchasing and Logistics
  • Financial Analysis
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13
Q

Conclusion of an analysis with SWOT & TOWS Matrix.

A
  • The TOWS Matrix is used as the preliminary to define a corporate vision, mission, corporate values and goal.
  • Since all points and perspective of a problem are summarised in the TOWS Matrix, it can also be used as a useful tool to solve many problems within a company.
  • Therefore, the TOWS Matrix can also be used for designing a menu as an effective tool. (Targeted Market segment, type of menu, style of service, etc.)
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14
Q

Vision and Mission of a corporation.

A
  • A vision is your final destiny of achievement
  • The Mission is the mean to reach the vision
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15
Q

Major stakeholders (2)

A
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16
Q

Environment: Characteristics

A
  • They are continuously changing;
  • They affect everybody.
  • no financial interest in the business.
  • tremendous impacts on the business
17
Q

stakeholders. characteristics

A
  • They are usually not changing very fast.
  • have a regional impact.
  • They do have a direct financial interest in the business.
  • They are usually negotiable.
18
Q

Questions regarding to the Business Branch

A
  • Current & Future Attractiveness of the Branch
  • Size & Growth & development of the Branch
  • Structure of the Branch and the Customers.
  • Unemployment & Employment Competition
  • Development within the Branch
  • Instruments of Competition
  • Branch Orientation (Technology, Customers, Innovation, Procedures, Products)
  • Safety within the Branch (Entrance Barriers, Possibilities for substitutions)
19
Q

Questions regarding to the Competitors

A
  • Structure of Market of the Competitors
  • Strengths & Weaknesses of the Competitors
  • Strategies of the Competitors
  • Positioning & Range of Products of the Competitors
  • Product Politics & Price Range of the Competitors
  • Distribution of the Competitors
  • Promotions of the Competitors
  • Advertisement of the Competitors
  • Structure of the Competitors costs.
20
Q

Influencers. characteristics

A
  • not changing very fast.
  • a regional impact.
  • They do not have a direct financial interest in the business.
  • an important impact on the purchasing.
  • We can negotiate with them.