(doc) Managing a Successful Business Project : Assignment
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Added on 2020-11-23
(doc) Managing a Successful Business Project : Assignment
Added on 2020-11-23
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ABSTRACTFor a successful business it is essential to adopt innovation and growas well as develop themselves in market in order to gain high profitabilityand market shares. Now a day business of Pub is growing day by daybecause most of the population like to spend their time for enjoyment inproper manner. Pub refers to a place where an individual can get alcoholicdrinks which is sold on legal basis. Along with this they also offer variety ofsnacks, foods, soft drinks, music and many more. In traditional time pubsonly offer beer and cider but according to change in time innovation in pub'soffering also get increased in effective manner which attract customers.Hand and Heart cafe is incorporated in year 1866 in United Kingdom thatoffer variety of drinks on legal basis. The respective company planning toexpand its business in other location in order to grow as well as developbusiness in effective manner. Along with this it will also help Hand and Heartcafe to expand its profitability ratio, market shares and customers base inproper manner. Through this research project manager able to understand orknow more about industry of pub and various challenges face by pubbusiness while developing its business in national or international market.The major purpose of conducting this research is to identify scope of growthas well as profitability in order to developing new pub. For this researchadopt various secondary method such as books, journals, newspapers andmany more which help them in collecting data as well as information which isappropriate for research. Through this project manager analysis thatrespective pub can open its business. This will also help them in gainingprofitability and market shares. More over they also understand factorswhich determine growth as well as profitability in growing and developing anew pub business. Along with this, it will also explain why it is important fora business to grow and this is so because by it a company able to increaseits presence in international or national market in effective manner. Table of Contents
ABSTRACT ....................................................................................................................................2TITLE: To identify the scope of growth and profitability in developing new Pub.........................1CHAPTER 1: INTRODUCTION....................................................................................................11.1 Overview of research........................................................................................................11.2 Background of research....................................................................................................11.3 Rationale and Significance of research............................................................................21.4 Research Aim...................................................................................................................31.5 Research Objective...........................................................................................................31.6 Research Question ...........................................................................................................31.7 Chapter preview................................................................................................................3CHAPTER 2: LITERATURE REVIEW.........................................................................................52.1 Concept of pub business...................................................................................................52.2 Growth and profitability in developing new pub business...............................................72.3 Major challenges in developing pub business................................................................102.4 Importance of business in growth and development......................................................13CHAPTER 3: RESEARCH METHODOLOGY...........................................................................153.1 Research approach .........................................................................................................153.2 Research Philosophy......................................................................................................163.3 Paradigm.........................................................................................................................173.4 Research Methods..........................................................................................................183.5 Research design & Justification.....................................................................................193.6 Data collection................................................................................................................203.7 Sampling strategy...........................................................................................................203.8 Data analysis & Interpretation........................................................................................213.9 Trustworthiness, Reliability and Validity.......................................................................223.10 Limitations of Research...............................................................................................223.11 Challenges in Research.................................................................................................23CHAPTER 4: DATA ANALYSIS................................................................................................24CHAPTER 5: CONCLUSION .....................................................................................................38CHAPTER 6: RECOMMENDATIONS .......................................................................................42REFERENCES..............................................................................................................................46
TITLE: To identify the scope of growth and profitability in developingnew PubCHAPTER 1: INTRODUCTION1.1 Overview of researchPub is basically refers to the place where alcoholic drinks are soldlegally. In traditional times, mainly beer and cider were offered in pub to itscustomers, but with the changing times there are numerouschanges(innovations) which are being followed by pub industry in order tomaximise its profits and expand its business successfully. The originalconcept of this business basically belongs core part of British, New Zealand,South African, Australian, Irish and Breton. The culture of these countrieswere much frank that directly accepts hard drinks in more convenientmanner. The present research is based on Hand and Heart cafe, a UK basedpub which offers different types of drinks within its hospitality premises. Thecompany was incorporated in the year 1866. The owner of the companyhave realised that growth and profits of pub business is increasing day byday (Anitha, 2014). With this thought, its owner have planned to develop itpub business in surrounding area by expanding their. 1.2 Background of researchBackground of research & CompanyPub houses are considered as the fastest growing business inhospitality sector. It can be said that no other sector is growing this muchrapidly with in the past analysed years. Hospitality industry is consist of lotsof innovation which influences interest of users as well companies belongingto this stream or planning to enter into the same for the purpose of makingtheir business successful (Bosworthand et. al., 2016). The present researchreport will provide discussion on pub business and its influence overhospitality industry.11726387
Hand and heart is local pub located in United Kingdom which wasdeveloped by converting Georgian house into a cave decorated pub. Theinterior of this pub was inspired with the theme of cave. Along with this,utensils which were used in pub are also in shape of cave ceiling. From itsincorporation in 1866 till 2004, the Pub business have gone through manychanges and innovation but finally in the year of 2004, the business wasclosed due continuous based losses. Later in 2008, the company was boughtby an old restaurateur named as Dawn Underdown who hold years ofexperience in the same field. The pub was further renovated by the family ofnew owner. After renovation, Dawn and his family have converted this placeinto decorative dining room with original wood fire. The company is currentlyoffering famous real ciders and ales to its customers (Bresler and Stake,2017). It also offers wines, variety of whiskey and other drinks thatinfluences interest of customers towards pub. Hand and Heart also providesvarious other facilities like food, soothing ,music with piano, garden roomsetc. The mentioned restaurant has won various CAMRA awards and becameone among the popular pub in United Kingdom which offers home cookedfood to its guest with fine variety of drinks. Along with this, Hand and Heartalso became favourite place for tourist and localise people where they canenjoy variety of beer with their friends.1.3 Rationale and Significance of researchThe main purpose of conducting this research is to analyse actualscope of pub business in order to identify its growth and profitability level.With reference to business scenario, it has been analysed that the main aidof this research is to restore convenient level of information for differentbusiness person related to the same field or for the entrepreneurs who areplanning to enter into this stream in order start their career. Along with this,the research will also improve business skills of learners as with these skillslearners will able to bring innovation in their business and also supportsthem in executing planned strategies in it (Brutonand et. al., 2015). With21726387
reference to researcher's perspective, it can be said that the presentresearch will develop existing skills of researcher which will contribute inconducting better research in future. With this research, communication,presentation, influencing and many other core skill of investigator will beimproved.1.4 Research Aim“To identify the scope of growth and profitability in developing new Pub” Acase study on Hand and Heart Cafe.1.5 Research ObjectiveTo identify the concept of pub business To determine growth and profitability in developing new pub businessfor Hand and Heart Cafe.To determine major challenges faced by Hand and Heart Cafe whiledeveloping pub business . To determine the importance of business in growth and developmentof new Pub business for Hand and Heart Cafe.1.6 Research Question What is the concept of pub business?What is the growth and profitability in developing new pub business forHand and Heart Cafe?What are the major challenges faced by Hand and Heart Cafe whiledeveloping pub business?What are the importance of business in growth and development ofnew pub business for Hand and Heart Cafe?1.7 Chapter previewChapter 1: IntroductionIt is the first and foremost section of research, this section includesintroductory information of whole research that is brief overview of topic,background of research and company, Research aim, objective and31726387
questions that are formulated on the basis of research topic, rationale andsignificance of research (Coale and Hoover, 2015).Chapter 2: Literature ReviewAfter completion of introduction part, the next section of currentresearch structure discusses about Literature review section. In this,investigator mainly discusses about each and every research question whichhave been formulated by them from objectives. The review section is doneon the basis of various books, articles, journals, online published papers.Chapter 3: Research MethodologyIn this section of research, different tools and techniques areelaborated in descriptive manner so that they could be further used byresearcher in order to develop better outcome for research (Cohen, 2017). Incontext to current study, research methodology section of this investigationwill initially describe about different methodologies which are being used byresearcher to conduct an effective research. Chapter 4: Data AnalysisAfter research methodology section, the next part of researchemphasis on analysing collected data by comparing it with research aim andobjectives. Data analysis is basically done by using methods stated inresearch methodological section. In context of present investigation, dataanalysis chapter of this research will going to be discussed.Chapter 5: ConclusionsThe next section of this research focuses providing providing a detailinformation about the finding of whole research in the form of summarywhich support reader to find out that whether the aim behind investigationget fulfilled or not (Croft, 2013). 41726387
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