Business Model Assignment - Food Delight
Added on -2020-07-23
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Creating Your Business
Table of ContentsOverview of the plan...................................................................................................................31.ORIGINAL BUSINESS CONCEPT........................................................................................32. PEER GROUP REFLECTION....................................................................................................43: CONCEPT IMPROVEMENT REITERATION.........................................................................9Conclusion.....................................................................................................................................11Reference.......................................................................................................................................12
Overview of the plan In the recent times, restaurant sector of UK has performed well and growing with thevery high pace. Long term demographic and customer trend has strengthened the growth ofrestaurant sector significantly. Hence, considering the current trend and interest in restaurantsector entrepreneur is planning to establish business namely ‘Food Delight’. Through suchrestaurant entrepreneur wishes to provide customers with quality food or dinning services thatmakes their experience memorable. With the motive to attain success and avoiding undesirableaspects concerned entity will prepare business canvas model which in turn reflects both financialand non-financial aspects. Along with this, business entity will take review from peers to assessloopholes and lay focus on preparing new model on the basis of improvements identified. 1.ORIGINAL BUSINESS CONCEPTA business model is known as the conceptual tool which contains a set of elements and theirrelationship. Along with this it allows expressing the business logic of a new restaurant (Caetano,Antunes and da Silva, 2017). It is also a description of the value which is offered by the firm toone or various segment of customers, along with network of partner for developing, marketingand rendering this value and relationship capital in order to get high profit and sustainablerevenue system. Business Model Canvas for ‘Food Delight’Key partners Supplier:Grocerystores Partner: Hotelchain whichofferaccommodation services tothe customers.Key activities Marketing Selling Value propositionsAmbiance MusicalNights orbandperformanceQuality andfresh foodStandardization Customerrelationships Fordevelopingandmaintainingeffectualrelationshipwithcustomersowner ofrestaurantwillintroduceCustomersegmentsBusinessentitywillmainlylayemphasisonfamilies.
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