Different Types of Businesses in Food and Beverage Industries

FBOM
FACTSHEET 1
INTRODUCTION
Management is one of the most important task that each and every company needs to take care and follow
effectively. Management helps to reduce wastage and develop effective use of available resources to an
organization. Food and beverage operations conduct large number of services like managing staff, maintain raw
material, inventory control and other business process are need to be analysed effectively to develop future for
an organization. Report shows effectiveness of an hotel Richmond to develop their business. Report shows
different sectors of an hospitality industry and their rating system that helps them to develop their business.
Business needs to analyse current and future trends. Different management skills are given in this report to
manage hospitality industry, legal requirements and laws that effects overall success of an hospitality industry.
Operational and marketing technologies are analysed effectively.
1. Explain different types of businesses in food and beverage industries
Lodging
Lodging is also one of the most important function of an hospitality industry like Richmond restaurant. Lodging
facilities are like beds and camping and breakfast and all other facilities that are provided to customers for
development of their business at a large scale. Lodging means when customers are travelling from one place to
another they need proper rest and sleep and restaurant needs to provide those facilities to their customers. Luxury
suites are also part of that in which customers are provided with facilities to develop and provide comfort to their
guests. Suites are expensive(Dopson and Hayes, 2015.)
. Resorts are close to nature and provide comfort and positive environment to their guests.
Travel and tourism
One of the most important sector of hospitality industry. Travel industry includes trains, airlines, buses that helps
people to move from one destination to another. Most important sectors of hospitality industry is travel and
tourism that helps guests to get to their desired location.
Entertainment industry
Hotel needs to provide entertainment to their guest to make them satisfied from the services of the hotel and help
them to develop business at a large scale. Entertainment like sports and gaming, cruise, bars and nightclubs that
make customers satisfied. Entertainment activities and facilities are provided by hotels to develop their business
and satisfy their customers.
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FBOM
FACTSHEET 2
REFERENCES
Books and Journals
Explain the rating system nationally and internationally for food and beverages
industrySize
Size of hotel plays an important role in rating. If hotel size is good and large number of rooms are available
to the hotel then it helps them to attract large number of customers which helps in increasing rating of hotel
Location
Physical presence of hotel attracts large number of customers. Locations needs to be effective that is able to
satisfy wants and desires of their customers and have ability to explore business at a large scale.
Quality
Quality is one of the most important factors to satisfy needs and wants of their customers. Providing quality
products helps organizations to engage large number of customers with products and services of an organization
Service
Hotel Richmond needs to provide effective services to develop their rating and engage large number of
customers with their products and services company needs to adapt new technologies to satisfy their customers
.
References:
O'sullivan, M., 2016. A handbook for sensory and consumer-
driven new product development: Innovative technologies for the
food and beverage industry. Woodhead Publishing.
Zimmermann, A., Raisch, S. and Cardinal, L.B., 2018. Managing
persistent tensions on the frontline: A configurational perspective
on ambidexterity. Journal of Management Studies. 55(5). pp.739-
769.
Ben-David, M., 2018. Managing Catastrophic Risks in Franchise
Systems. Franchise Law Journal. 38(2). pp.207-225.
Resnik, D.B., 2015. Food and beverage policies and public
health ethics. Health Care Analysis. 23(2). pp.122-133.
Lager, T., 2016. Managing Innovation & Technology in the
Process Industries: Current practices and future
perspectives. Procedia Engineering, 138, pp.459-471.
van Bommel, K., 2018. Managing tensions in sustainable
business models: Exploring instrumental and
integrative strategies. Journal of cleaner production,
196, pp.829-841.