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Evaluation of swot analysis
Evaluation of swot analysis
Evaluation of swot analysis
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Objectives
Target
We want to focus middle-age and old customer segments because we have forgotten them for a long time. By providing vegetarian food and healthy food into the menu, we can attract more clients from this segment.
Market
After some year expanding markets in Europe, we want to find new markets in American or Canada which have large of Asia communication and are potential to develop.
Swot
* Strengths
The strengths of your restaurant lie in what you do best, whether it’s serving tasty food, clean, offering quality service at the table or providing decor that makes the fun of eating at your restaurant a memorable experience. Other strengths may consist of your pricing structure, such as offering a lower-priced menu than similar
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In one year, we receive many many clients. The large of customers lead to the overload situation in our restaurant. Sometimes we can not solve this problem and make them wait for a long time. Besides, we focus young and family customers because we know they like fast food so that we forgive middle-age and old customers' segments. Finally, our services sometimes do not make customers feel fully satisfied because we do not provide adequate employee training.
Opportunites
Look for opportunities that help your restaurant increase its profits, such as expanding or providing different types of food and beverages. Taking advantage of trends related to eating healthier may mean featuring more organic dishes or salads on your menu. Besides that, Using a smartphone or the internet on or ordering food become a popular trend. Finding new ways to adapt to the development of technology can increase restaurant ‘s profit.
Threats
Legal threats including lawsuits against the restaurant against out advertising, meals, obesity caused by our food, employment etc. Competition from major food chains likes McDonald's, Burger King, KFC and mid-range local restaurants. The global economic crisis may make people lose income. They may prefer eating at home than eating at
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For instance, there are certain groups in Europe that protest to the state pertaining to the health implications of consuming fast food. They claim that harmful elements like cholesterol and adverse effects like obesity are attributable to consuming fast food. There are other factors such as the tax law, employment law, and related trade restrictions. Tax rates could affect the growth of the organization. In a diverse working environment, employment restrictions like working hour’s regulation require the organization to employ more staff.
Economic
Food Inflation: Economic crisis leads to the increasing costs of key ingredients that remain a challenge facing the restaurant industry. Over the recession, consumers may prefer cooking at home to eating outside. They can save their budget if they choose this option. By comparison, in the US the demand for fast food products over the recession did not increase as in Japan, the UK, and France, but more importantly it did not decrease either – this during a time where demand in the overall US restaurant industry fell by around 6%.
Our mission is to provide our customers with the best products and services that we have created a new market space for. We strive for 100% customer satisfaction and taking what used to be multiple purchases of software into one operation system. That can increase many aspects of the important sectors within the restaurant industry. I.e. decrease employee-training time, increase outputs, real-time record keeping ‘including inventory’, and more.
Strengths: low price, strong brand name, excellent merchandise, exceptional employees, huge membership base, economies of scale, efficient distribution and operation.
When different kinds of menu for lunch and dinner are included, there is an opportunity for attraction of more clients in the new outlet
Just like online shopping has started to take huge chunks into the actual physical-retail stores and going to the malls is starting to decline, the same has begun to happen to these casual dining chains. Of course these issues could be hand in hand. The fewer customers that go out to the mall or to Walmart means fewer potential customers for the restaurant. Although, places like Chipotle and Panera have seen sale growth of 15 to 20 percent over the last 5 years, while the casual diners have flat-lined or even decreased. Known as fast-dining, these places are popular for their speed that...
People today are busier than they have ever been; household adults have at least one job just to make ends meet. The overall dynamic of the house has changed immensely since the 1920’s when fast food was first introduced to the American society, and even though the United States is still in a down economy, one thing remains the same, fast food restaurants. Even though most people know that fast food contributes to health problems, it still remains a part of the American life. There are more options than ever before, and while the big name restaurants are slowing down and sometimes fading out, fast food restaurants keep their doors open and even open new ones. The fast food industry is steadily growing through their affordability, convenience, and most of all their food.
The price needs not only to be affordable, but to be worth the time and effort that goes into preparing a meal. This is why fast food prices remain so low, and accessible to all social classes. Different groups have been impacted by the formation and rapid growth of the fast food industry- altering our ever-changing relationship to the things we eat. The industry places a disproportionate burden on poor and immigrant families, who are more likely to be working for minimum wage at fast food restaurants and cannot afford healthier prepared meals. This results is a disproportionate effect on the health of low-income people. Specific social groups that are affected include immigrants, women, and low-skilled workers (Talwar, 2002, 88). Poor families are also less likely to have the time to cook meals, as they will need to work longer hours, or even multiple jobs. For these reasons, fast food becomes a main dietary component rather than a treat or supplement when in a hurry. The convenience and low cost may appear to benefit the working class, but the health effects make it clear this isn’t so. “Becoming modern, it turns out, is not simply adding on new items of behavior, and when societies change, they rarely instruct those that are changing about the things they may be losing” (Wilk, 2006,
. SWOT analysis is used for companies to analyze their strengths, weaknesses, opportunities, and threats. This information can give some insight to improve internal weak areas and build on strong ones. External opportunities and threats will also be analyzed and potential strategic decisions can be made according to these results. This paper will produce a comprehensive SWOT analysis for our organization which will then be implemented in the overall strategic plan.
The purpose of this paper is to introduce you to the fast food industry, how it is everywhere in the United States and increasingly spreading globally. The majority of the fast food restaurants in the United States are dominated by hamburger fast food restaurants. Amongst the burger segment, McDonald’s is the number one leader in the burger industry, followed by Burger King, and Wendy’s respectively (Oches, 2011).
From the dollar menu, coupons and value meals, fast food is a cheap way to eat. Wendy’s fast food restaurant serves a small fry, drink, hamburger and four piece chicken nugget for four dollars or get any size drink and McDonalds for just one dollar. These low prices have driven many low income families to eat at fast food restaurants. Healthier foods tend to cost more which make them harder to buy. This goes beyond just low income families but coordinates with communities that are low income. There are low income communities that do not have big grocery stores where there is quality fresh produce. Families that live in these areas do not have much of a selection and most of the high quality food that’s available is normally expensive. Fast food is getting cheaper and “According to the researchers, in the 1930s, Americans spent one-quarter of their disposable income on food. By the 1950s, that had dropped to about one-fifth. The most recent research finds Americans now spend less than one-tenth of their money on food” (Firger). The amount people have to spend eating at a fast food restaurant has slowly decreased. Low income families are able to use the money saved eating at a fast food restaurant to pay bills. It is a lot cheaper and convenient to pick up something on the way home from work than to go to the store and purchase all
People think that the price of fast food is cheaper than a home-cooked meal. Although many people like to eat fast food because of it is inexpensive and tasty, the actual price of the fast food is not exactly same like the menu. The price of fast food sounds affordable, but actually it is quite expensive. This is because people are influenced by the fast food restaurant’s advertisement. It illustrates the price of a set of fast food is affordable compared to cooking at home. When people go to the fast food outlet, they realize the price at the bill is not as same as the advertisement stated. The price is even higher than the price stated at the advertisement. Although the fast food advertisement provides the information that the price of fast food is low, the price in the advertisement does not include the tax and tips. On the other hand, cooking at home is much cheaper than eating fast food. It is always affordable, healthier and more emotional fulfillment when eating at home and cooking ingredients compare to eating out (Warner, 2015). The people only need to buy the ingredients and cook it by our own.It is always affordable because people only need to pay ingredients and cook it at home. There are no tax and extra tips! If people prepare their food in large quantities at home, it is more economical than buy several sets of fast food. According to Yeager (2010), “A family that commits to eating at home can save $3000 in one year and eat just as well,” (p. 52). Save and
· Fast food is losing its sense of appeal to the large group of customers who frequently eat out
Each fast food restaurant is now aware of the problem that each nation is currently encountering. Indeed, there is a growing tendency to consume healthy products with low level of acid fats and cholesterol. Therefore, the leading fast food industries, such as McDonalds, Subway, and Jack in the Box adhere to the new international standards to gain a competitive advantage. Although fast food is not out of fashion, people are still striving to buy fast-prepared, but healthy breakfast because of the peculiarities of leading a business life. At this point, all the restaurant start paying attention to the quality of food, healthy dieting, and nutrition to face the problem of obesity and excess weight. In order to understand the difference and similarities between the identified ventures, the attention should be given to such aspects as quality of food, service delivery, and cost of price. Hence, a quick glance at the restaurant policy reveals that all the ventures pay attention to the policy of healthy dieting by promoting nutrition plans, and taking care of the clients’ calorie in-take. However, the difference lies in their pricing policies and service delivery.
When a family eats at home they, will pay less than restaurants because when they buy food from the market they buy for better quality and a better price.
A change in consumers’ tastes – the food in this market may become unappealing to consumers as obesity and cardiovascular diseases rise in New Zealand. This would put people off as quick service foods are regarded as unhealthy.
The restaurant industry has become quite competitive in recent times. In an effort to cut costs restaurants are taking serious measures to improve their performance in relation to their competitors. Two of the most important steps that restaurants have undertaken in recent years are: