Asian Street Food in Australia: A Fusion to Success (Business Plan)
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Added on  2023/01/17
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This presentation discusses the vision, mission, and business objectives of Asian street food in Australia. It covers the sustainability strategy, operational strategy, and action plan for success. It also includes legal considerations and affiliations.
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Asian street food In Australia A fusion to Success (Business Plan)
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Vision, mission and Business objective Vision:To serve happiness to the customer through delivering unique test. Objective and future •To achieve ultimate product development •To achieve larger market segment. •To achieve unique segment in Australia. •To achieve a sales volume of $246484 in the first year. •To maintain customer relationship with understanding their preference. Mission The mission is to enhance the capability of the company to that stage where the establishment gets rewarded based on their uniqueness of the test.
Goal Goal Short term goal: The short term goal includes: •Increase monthly and daily sales. •Decrease theft and bringing improvement in employee productivity. •Integratinginnovation. •Improving new restaurant stream. Long term goal: this includes: •Employee and consumer relationship. •Gaining sustainability. •Quality control •Financial strengthening. •Enhancing profitability through reducing cost of production. •Gaining customer’s satisfaction.
Sustainability strategy mpany’s responsibility towards social and environmental factor. mpany has planned to achieve the suitability through bringing value into the nizational culture. mployees will be given training to perform in front of customers. tablish a long term relationship with the customer. mpany has planned to share a portion of their income to the children relief fund stralia. stainability through selling Unique food test. stomer driven core competence. option of environmental management accounting fund policy pact on community
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Risk management FactorRiskStrategy EMAEmployees and management knowledge over the EMA system. Tough to implement as the identification of resource requires knowledge and experience. Trailing and development program. Customer driven core competencyAdopting of changes and the proper knowledge of customer’s choice and rapidly changes in the market. Feedback policy and market survey.
•Team development. •Resource management. •Production process •Equipment needed •Inventory management •Supply and delivery •Technology •Trading hour •Communication channel •Payment type •Refund policy •Quality control •Membership and affiliation Operational strategy Inventory itemUnit price (Per KG)Quantity in stockTotal cost (AUD) Tomato5.06 AUD20 Kgs.101 Onion2 AUD30 Kg.60 Garlic, Ginger & Spices12 AUD30 Kg.360 Cooking oil4.85 Per bottle/ per litter.40 bottles (40 LTR.)195 Gluten Flour7.90 AUD30 Kg.237 ChickenBreastFillets Skinless 1 kg 8.50 AUD8 Kg.68 Butter5.15 AUD3 KG15.45 Milk2.2 AUD.15 Kg33 Eggs5 AUD30 Pcs.150
Action Plan Actions that are requiredTime requiredMonitoring process Financial and fund planning2 monthsVisit to the banks or borrowers for the collection of the debt capital portion. Recruitment1 monthsHiring knowledgeable personnel. Formationoftheoperationalstrategyand acquiring equipment 2 monthsBusinessoperationalstrategythroughthegroup discussionandpurchasingequipmentsthoseare required. Making financial plan3 monthsMakingfinancialstrategybeforemakinganyother strategy and making a budget to understand the cost required. Setting marketing strategy2 monthsMarket strategy according to the market demand and competitors,pricingstrategy,achievingCompetitive advantage through the test. Analysing market3 monthsMarketresearchtounderstandmarketandgathering informationabouttheindustryandcompetitors. Evaluationoftheproductdemandthrough understandingfeedbackfromthetargetaudience before launching the business.
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Legal considerations •Secured with the Australian corporate Act. 2001. •Food Act. 2001. •Food Regulation Act. 2002 •Inclusion of Australian consumer Law 2010. •Affiliation of food standard Act. 2010.