Business Case Study - Foodie Flavor
11 Pages2704 Words395 Views
Added on 2020-10-04
Business Case Study - Foodie Flavor
Added on 2020-10-04
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BUSINESS CASESTUDY
ContentsINTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................3TASK 2..........................................................................................................................................................4TASK 3..........................................................................................................................................................6TASK 4..........................................................................................................................................................7TASK 5..........................................................................................................................................................7CONCLUSION...............................................................................................................................................8REFERENCES................................................................................................................................................9
INTRODUCTIONSmall businesses are referred to those private owned companies, sole proprietors and partners that have less number of employees and less revenues & profitability than an average sized business. In these kinds of firm, limited workforce works together so that organizational goals and targets can be acquired in a proper manner. To pursue these businesses, appropriate analysis of market is required. In this analysis, present and potential future situation is analyzed. Business opportunities are acknowledged in accordance with the needs and requirements of the clients (Baden-Fuller and Morgan, 2010). This present assignment is going to cover all essential aspects which are related with initiating a new business. Also, those factors which possess a considerable impact on business working are discussed. At last, different laws to protect the rights of employees will be mentioned. TASK 1 Summarizing the business in terms of industry, location and target customers.New business that will be introduced in market is a restaurant. This business plan will aimto satisfy the requirements of customers related with food and beverages. As the restaurant isgoing to offer high quality food and drinks in affordable price but without compromising withtaste, it seems that business is going to achieve high popularity and market shares. Hence,initiating this kind of business will lead the company towards advantageous opportunities. Industry- Businesses associated with food and beverages are very popular, as food is a basic need which is essential for human survival. But this business industry changes at a fast pace due to the changing needs of customers. These customers are generally teenagers, adult and youth which prefers of eat healthy and new dishes and drinks. In order to start a new business, assets like employees, funds, resources and knowledge about customers is required. Restaurant isgoing to be open in London, UK. This city has millions of people with disposable income. In order to understand the eating habits of people, a proper market analysis will be carried out with the help of business canvas model (Chua and Rahman, 2011). The selected location for this new business will be advantageous because people in London are financially stable and prefer to spend on eating fast and healthy food. Business canvas model will benefit the company in providing good products and services to customers according to their requirements.
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