Analysis of Business Structure and Internal/External Forces for Foodie Company
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This report provides an analysis of different types of businesses, business structure, and internal/external forces for Foodie Company, an online food delivery and booking service in the UK. The report includes a PESTEL analysis and Porter's five forces analysis for planning and decision-making.
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Various types of businesses.........................................................................................................3 Business structure........................................................................................................................4 Internal and external forces analyse for planning and decision-making.....................................5 PESTEL analysis.........................................................................................................................5 Portor’s five forces......................................................................................................................6 CONCLUSION................................................................................................................................7 RECOMMENDATION...................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Business start-up concept is all above refers to where one of more entrepreneur decide and create plan to build business venture for profit generate. This study will provide information of differentsize,structure,patternsofbusinesslikeprivatelimitedcompany,soletrader, partnership and many more (Sperber and Linder, 2019).Foodie is all above food delivery and online food booking company which established in UK. And it provides their services in different place as well. This company entrepreneur analyse from the market research that people highly attracts with food delivery approach. This study will give proper idea about internal and external forces influence business activities and from the application of theories and models easier to manage business activities. MAIN BODY Various types of businesses Sole proprietorship:This type of business mainly develops and creates by individual entrepreneur who believes in perform overall business tasks with their own decision-making and planning. Partnership:Itincludesbusinessexpansionwithtwoormorepartnerswheredifferent individuals prepare decision-making for business expansion with different thought process and make single decision (Cardenas-Navia and Fitzgerald, 2019). This type of business mainly refers to includes structure which is medium or large size where they provide employment as well. But the major threat and risk is in case one individual not develop interest in decision-making or other activity it badly affects overall business plan. LLP:It develops by under the government regulation decision-making when it analyzes that partnership business influence from various aspects so it decides to develop legal application in business activities. In this partnership individual partner when do fraud other individual can easily remove them on business with legal application. It’s very safe and secures aspects when two individual decide to develop business with partnership so it’s also known as legal entity concept as well. Public limited company:In this business company exchange stock publicly which means it provides their share to others. This company has huge responsibility to perform well for affects stakeholder’s attraction towards with the business activities (Crick, Crick and Chaudhry, 2020).
Private limited company:This Company mainly provides their share and exchange stocks with its staff members only. Business structure This company entrepreneurs clearly decide to build their business activities and raise business performance with public limited company expansion with unique and differ t idea involvement. So it decides that they develop Foodie company which provide good services throughout online booking services. Foodie business framework isdelivery of orders and manages orders payments.Business structure is useful for define all the activities which mainly done by company owners. Foodie Company is all above food deliver and food booking service distributors. And this business develops by two entrepreneurs who decide innovation expansion in UK. They analyse market activity that office staff members has not time to go restaurant and eat food. So from the market research this company entrepreneur decides to use technology tools like develop mobile application for food booking with any restaurant and from the engagement of employees they deliver food facilities with fewer time (Voinea and et.al., 2019). So from the innovative business structure audience get highly influence with it. From the unique idea and effective position this company directors decides to expand their business activities in other place as well. This company is public limited company because people highly influence with this start-up and attract with their services and profit statement. Because it’s get goods position in market it influences customer attraction so they also believes in invest fund as well. Business model Key partners: Product delivers Key activities: Food delivery with fast service withonlinebooking, restaurantactivities management Value propositions: Discounts on first order and festival discounts. Safety and security of food. Customer segments: Goodqualityoffoodand restaurantinvolvementfor fooddeliveryathomeor office. Customer relationship: Delivery food on time, make orderswithdifferent restaurantaccordingto requirement,onlinepayment Cost structure: Costchargeonproduct deliveryonthebasisof distance. Salary distribution to deliver
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facility.on the basis or hourly work. Revenue stream: Transactionoffoodcostandcommissions from restaurant on orders. Channels: Websites and mobile application. Internal and external forces analyse for planning and decision-making Macro environment:Entrepreneur mainly concern towards with analysis of external forces for managing their goods and services with effective manner. Its important for new start-up expansion. And mainly requirement of evaluation of forces in case they affects on business activity so company can easily analyse and evaluate (Mostafiz and Goh, 2018). It defines as properidentificationofexternalforcesprovidessustainabilityinriskevaluationand management. Therefore when entrepreneur or other business developer decides to develop business they do have duty to apply PESTEL evaluation for government to inivdiual preferences and risks identification. PESTEL analysis Political:From the evaluation of market research it has been identified that UK has stable government. And UK government highly consider and attracts with online food delivery because it raises money flow with positive manner. Also it do not highly influence and develop variation in tax policies or other. From the evaluation of this term this company entrepreneur when decide to develop business they develop effective cost for customer attraction. Economic:Variation in transportation cost influence this business activity. Also UK tariff highly affects from other countries tax charges. So it affects on overall business activity. Idea about this terms its essential this business develop higher concern and prepares planning on the basis or identification of transportation cost price. Social:UK cultural activities highly influence from continues innovation and variation in market activities. Individual expect when they do online food booking they good safe and clean food.
But multiple UK restaurant concern on it so it affects on Foodie Company. Knowledge about this term this company management team has duty to evaluate and take review from customer that which restaurant not provides good services. Technological:Analysis and application of technology in business very essential to business expand in UK. Almost people prefer technology tools for buying goods and services. This business entrepreneurs when they decide to start this business they highly concern towards with the uses of technology in goods aspects. It identified that almost people uses different mobile application for online booking so from the evaluation of this activity they decide that food delivery is best aspects which is useful for inivdiual who not interested to go restaurant and eat food. Environmental:FromtheanalysisofmarketresearchthiscompanyrecognizethatUK government highly concern to develop polluted free environment. So from the identification of this term, this business entrepreneurs decide that they deliver their food with bicycles and scooter which is eco-friendly tools (Poddar and Agarwal, 2019). Legal:Government develop rules and regulation on food industry like they do have to concern safe and secure food deliver to customer. Therefore, its important term to consider so businesses entrepreneurs inform to restaurant that they provide clean and good food. Microenvironment:Considerationofinternalforcesidentificationimprovementbusiness quality and it gives more consistency in decision-making process. Because it has power to manage multiple aspects with great manner. Having appropriate methods of internal business forces evaluation is essential approach and it mainly analyze with the uses of porter’s five forces which are as follows, Portor’s five forces Threatsofnew entrants Threatof Substitute Productsor services Competitiv e rivalry Bargaining powerof supplier Bargaining power of buyers FromthemarketCompanythreatOrganizationSupplierBuyers
researchithasbeen identifiedthatthis company treat of new entrantsishigher. Becauseother entrepreneursor businesseasilyapply similarapproach. Therefore idea of this term this company has responsibilityto developvariationin businesspolicieslike innovation,discounts, safefood,tryto maintain goodwill with goodrelationwith customers. ofsubstituteis alsohigher becauseonthe basisorrecent market trend one companycan easilyevaluate otherbusiness performance with usesof technology tools. Evaluationof companyprofit andrevenue othercaneasily expandsimilar productsand services (Levendaand Tretter, 2020). competitive rivalryis low because other company not provide similar servicesto customer. Becauseits not easier to manage similar activities like Foodie. bargaining powerhighly affectson raw material involvement. Butthis company bargaining ownerislaw because restauranthas idea that if they applythis online delivery itincreases their selling. bargaining power is higher because ofvariationin theirpreferences and they believes in quality of food soknowledge aboutthisterm itsimportantto raisecustomer trustforlaw bargaining. From the consideration of different aspects it has been very clear that Foodie business defiantly reach more success when its entrepreneurs properly consider and prefers managing their business activities with proper identification of competitive industries identification because it badly impacts on business growth. Considerations about this term make sure business develop higher attraction towards with the appropriate business expansion. CONCLUSION It has been summarized form the above reflective study that expansion of new start-up is not easier task, entrepreneurs focuses on multiple tasks for business effectiveness and survives in the competitive market. It has been identified from the above study that makes sure business team members evaluate external forces with utilization of PESTEL analyse and internal analysis with Porter’s five forcesit makesmore clarityin planningand decision-makingfor business
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expansion and for long term growth. This study also provides information about different types of business and their effectiveness or quality. Also from the business model it has been clear that Foodie Company develop effective business model with proper identification of internal external forces and proper reorganization of essential factors. RECOMMENDATION New business start-up when consider and prefers this study tools and different essential application then business defiantly get high success. It makes more consistency in business structure. So from the identification of all the aspects of company its essential business develop proper government policies for long term success and continuously evaluate and identified external forces for business performance management in competitive market. Also company new business entrepreneurs have major responsibility to evaluate risk factors from Porter’s five forces which influence activities of overall business. Foodie business concept is very powerful or new concept in market so for maintenance of unique structure for long term it’s important to involve new policies which attract audience attraction. Therefore when business consider appropriate techniques for long term business growth then it defiantly increases revenues which is most essentialapproachanditsmotivatetowardswiththeinvolvementandadditionofnew approaches.
REFERENCES Books and Journals Sperber, S. and Linder, C., 2019. Gender-specifics in start-up strategies and the role of the entrepreneurial ecosystem.Small Business Economics.53(2). pp.533-546. Cardenas-Navia, I. and Fitzgerald, B.K., 2019. The digital dilemma: Winning and losing strategies in the digital talent race.Industry and Higher Education.33(3). pp.214-217. Crick, J. M., Crick, D. and Chaudhry, S., 2020. Entrepreneurial marketing decision-making in rapidly internationalising and de-internationalising start-up firms.Journal of Business Research.113. pp.158-167. Voinea, C. L., and et.al., 2019. Drivers for Sustainable Business Models in Start-Ups: Multiple Case Studies.Sustainability.11(24). p.6884. Mostafiz,I.andGoh,S.K.,2018.Internationalwomenentrepreneursandinternational opportunity recognition skills for start-up ventures.Journal for International Business and Entrepreneurship Development.11(3). pp.201-220. Poddar, N. and Agarwal, D., 2019. A comparative study of application effectiveness between digital and social media marketing for sustainability of start-ups.International Journal of Business Insights & Transformation.12(2). Levenda, A. M. and Tretter, E., 2020. The environmentalization of urban entrepreneurialism: Fromtechnopolistostart-upcity.EnvironmentandPlanningA:Economyand Space.52(3). pp.490-509.