Managing and Running Small Restaurant Essay
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Added on 2020-06-04
Managing and Running Small Restaurant Essay
Added on 2020-06-04
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MANAGING AND RUNNINGA SMALL BUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1. The main considerations a small or social enterprise needs to address when planning andallocating resources to achieve....................................................................................................1TASK 2............................................................................................................................................2P.2. Explain and evaluate different processes of customer relationship management for smallbusiness.......................................................................................................................................2P.3. Explain how a small business can develop transnationally and determine the benefits anddrawbacks....................................................................................................................................3TASK 3............................................................................................................................................4P.4. Produce an annual itemised monthly cash flow forecast showing fixed variable costs setagainst income for Bangkok Thai Restaurant.............................................................................4P.5. Explain how break -even analysis could be applied to Bangkok Thai Restaurantorganisational situation...............................................................................................................6P.6. Interpret key financial statements for Bangkok Thai Restaurant in relation to how theycontribute to the successful management of the organisation.....................................................7TASK 4............................................................................................................................................9P.7. Discuss key legislation and regulations that have implications on Bangkok ThaiRestaurant business.....................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONIn this documentation, this study defines about main considerations of Bangkok ThaiRestaurant enterprise needs to address to planning and allocating resources to the business inorder to accomplishment of organisational goals and objectives in more relevant format. Apartfrom it, these assignments also refer to some effective tech of customer relationship managementin the restaurant by which its professionals could increase the sales of its Thai food products andservices in more effective manner. Moreover, this investigation also defines about key legislationand regulations that have implications on Bangkok Thai Restaurant enterprise effectively.TASK 1P.1. The main considerations a small or social enterprise needs to address when planning andallocating resources to achieveIn case of small business management, in initial time, varied of organisational factors areneeded to be considered by an entrepreneur in order to make appropriate allocation of eachresources in the organisation in effective manner in order to achieve proper success in theindustry sufficiently (Wheelwright, 2010). There are some major considerations, which is neededto be considered by business owner, when proper planning and allocation of resources at theworkplace in effective manner.Know your scope: In terms of establishment of Bangkok Thai Restaurant, the businessprofessionals need to proper analyse of their business scope in the industry in effective ways.This is necessary terms for business owner to recognise considerations of scope in the industryand this assists business owner to make allocation of relevant resources according to businessneeds in the market in effective manner. They need to prepare proper projection of their businessin order to planning of each step of business activities in relevant ways in respect to propermanagement of their business in the industry and get appropriate success effectively.Identification of resources: After proper determination of proper scope in the industry,the business owner need to recognise of appropriate resources in the company in relevant formso that efficient development can be examined in relevant form. Moreover, it has been foundedthat, in London, there are huge scope of food industry in the country and several kinds of smallfood organisations are running effectively (Hess, 2010). So in case of Thai food restaurant, thereare variety of several unique testy Thai foods available here, which can be served by thecompany in effective form in order to make the business more efficient in the industry. They1
must have proper resources like, proper menu card of Thai foods, proper catering and watersfacilities, proper finance management and billing system, sitting arrangement and attractiverestaurant interior designing etc. all resources must be there in proper format. Product and services description: In case of Bangkok Thai Restaurant in London, thereare several kinds of Thai and new flavoured foods' product and services must be give by staff ofthe organisation as per demand of their customers in the unique ways which increase thesatisfaction level of the business in more effective manner (Edwards, 2011). There are some list of Thai foods products and services as following:Thai Noodle dishes are unique in the country and they are made in unique Thai style inthe county, which involves some species and ingredients such as Garlic Chilli or Basil. All kinds of Thai Soup must be added in their menus such as Thai curry and Soup in allflavour which must be served to their customer in family style in the restauranteffectively. Thai noodles is also well- known foods in the county and according to analysis, it hasbeen seen that, there are high rate of consumption of Thai noodles in London, which mustbe added in out restaurant Menu products list in order to increment in sales (Drucker,2012).Bangkok Thai Restaurant is well-known for its fast food services in the restaurant ineffective ways, so that we need to make more improvement in our food serving style.TASK 2P.2. Explain and evaluate different processes of customer relationship management for smallbusinessMultiple Variety of ways presented here by which Bangkok Thai Restaurant can makeimprovement in its customer relationship management approach in effective ways so thatefficient development can be gained in more relevant form. They have some areas by whichefficient development can be gained in more relevant form. Effective customer relationshipincrease the customer satisfaction level and also raise the sales of the business product andservices in more relevant form. This is not an application of technology, this is the ways bywhich business owner could identify needs and behaviour in relevant form so that appropriateinitiatives could be taken by the business owner in order to furnish effective services.2
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