Table of Contents SUMMARY.....................................................................................................................................1 Summary of company and its key details including location and vision....................................1 ANALYSIS......................................................................................................................................1 External analysis.........................................................................................................................1 Internal analysis..........................................................................................................................2 IDEAS FOR ACTION.....................................................................................................................3 Recommendations.......................................................................................................................3 CONCLUSION...............................................................................................................................4 REFERENCES................................................................................................................................5
SUMMARY Summary of company and its key details including location and vision In context of given report, it is based on Aksular Restaurant which can be known as one of the most authentic Turkish restaurant. It has a concept of serving the contemporary and traditional dishes that show case the diverse cultures of Turkey. However, it make sure that their dishes will leave customers with a distinct taste of Anatolian Kitchen. It is located at 510 Hertford Rd, Enfield EN3 5SS. It has various branches across London in regards to provide their traditional and different taste of food for people. Vision– They have a vision to bring the home cooking they have experienced back in Turkey, for their new home in Enfield. Mission– To provide appropriate products & services and feel pride themselves on being a family-run restaurant offering a genuinely warm welcome to all the guests (Press and Cooper, 2017). Strategy– The chefsget traditionally trained and make sure about all the dishes to be cooked expertly by utilising time honoured methods as well as recipes handed down through the years. ANALYSIS External analysis Pestle analysis Pestle analysis can be described as to understand the situation of several external factors which can impact on operations and productivity of the given organisation. It includes various factors such as political, economic, social, technological, legal and environmental that should be considered while making strategies of conducting business in specific market smoothly. Political factor– This includes the changes in political power and government regulation which impact on operational activities of Aksular Restaurant which influence the productivity. It consist the changes on rules of government create few of challenges for organisation and it may also in favour of business sometimes (Hillson,2016). Economic factor– The economic factor consist various factors like taxation, inflation rate and interest rate which impact on budgeting of company. In context of Aksular Restaurant, 1
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increase in taxation and interest rate influence the profitability of business which is favourable for their growth and success. Social factor– This involves the societal norms and valuers including the cultural and religious values that should be considered by restaurant while promoting their product or designing the same. It is necessary for Aksular Restaurant to remain careful while carry out promotional activities that information provided to people should not harm anyone's emotions related to their culture. Technological factor– The advanced technology is responsible for influencing the operational develop in organisation which facilitate to increase overall efficiency of business (Rossano and et. al., 2016). TheAksular Restaurant can utilise innovative technology for avoiding mistakes related to orders of customers and eliminate employment of number if waiters to attend the clients as people can place their order from technical support system fixed on their table. Legal factor– This consist the modifications occurs in criterion of legislative policies establish and implement by legal authorities that must be fulfilled by organisational authorities in run business. It is essential for management of Aksular Restaurant to remain update about current legislations and complete all the legal formalities to avoid legal punishments which may influence goodwill of restaurant in market. Environmental factor– The environmental factor consist about the fact that whether organisational activities harm the natural atmosphere or not (Pflaumand Gölzer, 2018). In context of Aksular Restaurant, hey should release waste to in proper way which do not poisonous in nature for the environment which is helpful to avoid punishable actions of government against them. Internal analysis Swot analysis Swot analysis refers to an effective tool to conduct internal analysis by identifying strengths, weaknesses, opportunities and threats. It is essential for Aksular Restaurant to use Swot analysis determine strength and opportunities to utilise them more effectively and achieve growth of business. Moreover, weaknesses and threats should be identified to work on them for eliminating them to enhance efficiency of the restaurant. 2
StrengthsWeaknesses It includes the excellent location in a busy down town area with lots of foot traffic. It consist organic and unique products with different taste. It is the only restaurant that services traditionalTurkishdisheswithin London. Itinvolveshigherplatepricesas compared to other restaurantsin the area of Enfield. It has limited parking area which is problematic for customers. Itinvolvesthatsalesystemofthe restaurant is outdated which is not liked by clients (Zlatiand Antohi, 2018). OpportunitiesThreats Itconsistthegrowinginterestof customers in organic and mixed menu with Turkish and local traditional food. Upcomingfoodfaireandother relevant opportunities of that area. The rising costs of production and other ingredients. The current modifications in legal rules regarding restaurant business. IDEAS FOR ACTION Recommendations Consideringtheinternalandexternalanalysisof AksularRestaurant,ithasbeen recommended that management should remain up to date regrading new legislations and fulfil all the desired formalities on time. It is suggested that they should focus on actual needs and desired of customers to enhance their customer count which facilitate to increase the profitability of organisation. However, it is recommended that the opportunities should be grabbed by them which helps to promote their brand and improve the good will as well. It is necessary for them utilise their strengths of having unique dishes with traditional and distinct taste which is favourable to attract new clients along with retaining the current ones for achieving better profits respectively. Moreover, it is suggested to Aksular Restaurant for work on weaknesses and threats to eliminate them from business in order to attain growth and success. 3
CONCLUSION From the above report, it has been concluded that the given restaurant have unique idea of providing traditional Turkish dishes to customers. It is necessary to focus on desires of clients and make the brand more attractive and effective which facilitate to boost up profitability of the business. Meanwhile, it is essential to conduct external and internal analysis to understand about impact of relevant elements on business to avoid negative effects of them. 4
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REFERENCES Books and journals Press, M. and Cooper, R., 2017.The design experience: the role of design and designers in the twenty-first century. Routledge. Hillson, D. ed., 2016.The Risk Management Handbook: A practical guide to managing the multiple dimensions of risk. Kogan Page Publishers. Rossano, S. and et. al., 2016. The Relevance of Problem‐based Learning for Policy Development in University‐Business Cooperation.European Journal of Education,51(1), pp.40-55. Pflaum, A.A. and Gölzer, P., 2018. The IoT and digital transformation: toward the data-driven enterprise.IEEE Pervasive Computing,17(1), pp.87-91. Zlati, M.L. and Antohi, V.M., 2018. Analysis of Economic Efficiency through the Analytical Budgeting Method using Econometric Modelling.Annals of the University Dunarea de Jos of Galati: Fascicle: XVII, Medicine, (1). 5