Fine Dining Restaurants Decline in Sales - 1336 Words

Fine Dining Decline in Sales â€Å"Fine dining restaurants are full-service restaurants with an upscale menu and extensive beverage offerings. The restaurants generally have a more sophisticated dà ©cor and ambiance, the wait staff is usually highly trained and often wars more formal attire, and there is often a dress code for patrons† (Trends in Fine Dining). Economic downturn caused high-end restaurants decline in sales and even going out of businesses. During the recession period, restaurant operators are facing challenge of food price inflation and consumer’s preference change. Consumers want less tradition, relaxed and less expensive restaurants. Fine dining become unaffordable to most people during the downturn. Also, food price inflation are tighten their budget and operators are trying to balance the cost while generating profit. On the other hand, income stay leveled and did not competing with inflation. Consumers still want good food and services but they are seeking for place they feel connected, comfortable, quick services and affordable price. Fine dining restaurants become a luxury and not affordable to some consumers; operators are facing challenges to attract and retain their consumers. The economic downturn started in 2008 to 2009, according to â€Å"Hudson Riehle, an economist for the National Restaurant Association, â€Å"this is the most challenging period for restaurant operators since 1991. In a recent NRA survey, 53% of restaurant owners cited either the falteringShow MoreRelatedThe Polaris Cafe1589 Words   |  7 Pagesolder undergraduate students and the graduate students; the second segment is composed of upscale professionals. The restaurant achieves this by dividing the floor space into two distinct areas. The first area is a tapas bar; this area serves tapas food and offers beer and wine, by the bottle or glass. The tapas bar is composed of 1200 square feet located inside the restaurant, with an additional 400 square feet that will be added on in the summer months. The total space that will be allocatedRead MoreEssay The Minimum Wage For Restaurant Workers Must Be Raised1057 Words   |  5 Pageshave such a share of the produce of their own lab or as to be themselves tolerably well fed, clothed and lodged. -- Adam Smith, The Wealth of Nations, 1776 The restaurant server is one of the most popular jobs in the country and according to the National Restaurant Association, currently, 1 in 12 Americans work in the restaurant industry and about 50 percent of all adults have worked in the industry at some point during their lives. The industry is clearly very large with over 13 billion workersRead MoreRestaurant Industry : The Largest Segment Of The Hospitality And Tourism Industry2690 Words   |  11 Pages The restaurant industry is one of the largest segments of the hospitality and tourism industry. Within the restaurant segment there are several other smaller segments within the large segment. The restaurant segment includes fine dining, themed dining, casual dining, fast casual dining, and fast food dining. Causal dining is one of the largest segments of the restaurant industry in the United States. Casual dining is one of the top growing segments of the restaurant industry, yet it is one ofRead MoreBusiness Planning : The Bl ueprint For Business1361 Words   |  6 Pagespresented business plan. This paper deals with the analysis of the RFD strengths and weaknesses in the given business plan proposal in terms of the following factors: people, opportunity, context, and risk and reward. RFD is a full service, fine dining restaurant specializing in desserts and beverages. The business concept includes retail showcasing take-out desserts, spirits, wines and RFD signature ingredients. Units are to be established in high foot-traffic areas in the metropolitan surroundedRead More SWAT analysis for Victoria Station Restaurants Essay1017 Words   |  5 Pages Victoria Station Strengths nbsp;nbsp;nbsp;nbsp;nbsp;Concept uniqueness- Concept based restaurants’ rely on dà ©cor and novelty themes, which are appealing enough to the customers to draw in business. For example: Hard Rock Cafà ©, Applebee’s, Rolling Rock Cafà ©, or Outback Steakhouse. The Victoria Station utilized the English depot paraphernalia to support the theme; gas lights, a red English telephone booth, and a London taxi. nbsp;nbsp;nbsp;nbsp;nbsp;Quality control- The beef was cut toRead MoreRuth’s Chris: the High Stakes of International Expansion Essay1372 Words   |  6 Pages(Ruth’s Chris only used USDA Prime beef therefore it had to be exportable to the new country), Population/high urbanization rates (restaurants needed to be in densely populated areas), high disposable income (fine dining restaurant with an average cost over $70), trend among people to eat out (more the people go out to eat, more are the odds they will come to this restaurant), and affinity for U.S. brands (overtly anti-US countries would not accept Ruth’s Chris and eat there). Ruth’s Chris target marketRead MoreThe Lack Of Ethnic Food1542 Words   |  7 Pagesnon-US markets. Stern mentioned that the restaurant should depend on scrambling to come up with new dishes to please local tastes. (Stern). The chains have removed and added special menu items to ethnic cuisines to adapt local tastes. In the modern American society, ethnic dining is a significant part in American life, because around half of all meals consumed in America are coming from other countries. According to Lu and Fine, more than 30,000 Chinese restaurants operate in the United States even thoughRead MoreChipotle vs Panera1775 Words   |  8 PagesChipotle vs. Panera Bread Company Introduction Fast Casual Restaurant fast casual restaurant is a type of restaurant that does not offer full table service but promises a higher quality of food and atmosphere than a fast food restaurant. In the USA it is a relatively new and growing concept to fill the space between fast food and casual dining. The typical cost per meal is in the US$8–$15 range. Two emerging fast casual restaurants are Chipotle Mexican Grill and Panera Bread. When Chipotle openedRead MoreConcepts Associated with Tourism Developments in Blackpool Essay4167 Words   |  17 Pageshistorical sites of interest including the beach and Blackpool Tower. It also has a variety of leisure activities. Blackpool also offers a wide range of accommodation and restaurant options. It is a very accessible location, with airports, railway stations and main roads all located within the area. Blackpool has however suffered a decline in tourist numbers since the 1980’s, and has since began to suffer problems economically, socially, environmentally and politically. Property prices have decreasedRead MoreEssay CHUCK E CHEESE SEGMENTATION AND TARGET MARKET1314 Words   |  6 PagesTheatre was founded by Nolan Bushnell  in 1977, officially being labeled as the first  family restaurant  to integrate food, animated entertainment, and an indoor arcade.CEC Entertainment, Inc. participates in the food and entertainment industry, as it sells fast food and provides places for family to stay and play together. The food and entertainment industry has been facing challenges. The industry is in a decline. This is because people may be enjoying cooking at home or other ways, which is a cheaper

Business Proposal - 2460 Words

A BUSINESS PLAN DESCRIBING EVIDENCE BASED INTERVENTION TO IMPROVE THE OUTCOME IN THE LATE STAGE OF ALZHEIMER DISEASE Name: Institution: A business plan describing evidence-based intervention to improve outcome in the late stage of Alzheimer disease Executive summary According to the â€Å"British Medical Journal (BMJ)† on the subject â€Å"Care plans for individuals with Alzheimer disease: Intuitively a good idea but hard to prove they are effective in practice.† It is seen that teaching based intervention for Alzheimer care are suggested by large professional organizations although it is not evident on who should undertake these models to the patients.†¦show more content†¦In more than 6 million individuals in the United States living with Alzheimer, there are over 16 million relatives who are providing the on-going assistance that does include transportation, care management as well as attainment of health visits. The costs of the families offering prolonged care for this multifaceted condition are widespread and well recognized. With disease development up to the last stage, it is clear that families are at an increased danger considering the numerous threats that do include the financial constraints and stress. This bu siness plan proposes that a strong evidence base is a vital requisite for information transformation. However, few interventions have been executed to practice. The journal of â€Å"Efficacy of psychosocial intervention in patients with mild Alzheimers disease: the multicentre, rater-blinded, randomized Danish Alzheimer Intervention Study,† suggests that. The psychoanalysis along with the support plan did not have any other significant outcome on the primary outcomes at 12 months following the modification of multiple comparisons. Thus, this can have an impact on patients with reasonable Alzheimer disease to the caregivers (Waldroff, Buss, Eckermann, Rasmussen, Keiding, Rishoj, Siersma, Sorensen, Vogel amp; Waldemar, 2012). On the other part, the journal of â€Å"Measuring health-related-quality-of-life for Alzheimers disease using the general public† shows thatShow MoreRelatedBusiness Proposal1133 Words   |  5 PagesBusiness proposal A business proposal is perhaps one of the most critical documents you need to learn how to write. It is what spells the difference between success and failure, whether you’re a freelancer or you have a company of your own. In today’s cut-throat business world, entrepreneurs find themselves spending hours upon hours submitting business proposals to potential clients, and not get any results. 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It means that our products can help you DIY your life and make your life dainty and shining as if diamonds. Our company tends to sell some DIY-boxes, interesting and attractive DIY desks calendars and pasters for card cover. We regard the youngRead MoreDifferences Between Formal Research and Business Proposals1403 Words   |  6 PagesDifferences between â€Å"Formal Research† and â€Å"Business Proposals† There is a great difference between a formal research proposal and a business proposal. In fact these two types of proposals seem to be very similar but there are critical differences in the overall purpose, uses and goals. With such distinct differences for a writer it helps in understanding for writing the formal research proposal or business proposal more effectively. The general purpose of a proposal is the identify a particular need, explainRead More Business Proposal for Library at the Exton Campus of Delaware County Community College1294 Words   |  6 PagesBusiness Proposal for Library TABLE OF CONTENTS Background1 Current Environment.2 Proposed Environment...3 Diagram.4 Benefits.6 Business Requirements and Cost Analysis...8 Conclusion9 BACKGROUND I am proposing for a library to be put into the Exton campus of Delaware CountyRead MoreHome Depot Business Proposal2903 Words   |  12 PagesHome Depot Business Proposal Easter B. Fulton ECO 561 June 22, 2015 J. Carl Bowman Home Depot Service The Home Depot was founded in 1978 in Atlanta, Georgia as the first home retail store by Bernie Marcus and Arthur Blank (Home Depot, 2014). To give an extent of mixes to customers the Home Depot affiliation made key item examination. This helped clients who request to complete structure extends on different business ranges the affiliations innovative stock revolved around internal and outsideRead MoreBusiness Law Proposal : Technology Essay1598 Words   |  7 PagesBusiness Law Proposal The advancement in technology has led to the increase in demand of technological equipment such as computers, servers, photocopiers, printers and power saving machines. The competitive environment that is provided by the information technology has created an increase in demand for the products and has made it possible for Gravity technologies to venture into the market to provide the items that are needed by many companies. The innovations in the market are necessitated byRead MoreKey Proposals For A Small Start Up Business Essay2375 Words   |  10 Pages1 Outline the key proposals contained in the budget for 2015-16 and 2016-17 that may impact on small business owners in Australia. Identify any limitations of these proposals for a small start-up business in regional Australia. The key proposals outlined in the 2015, 2017 and 2017 Federal Budget proposals that may impact small businesses include tax cuts and incentives to â€Å"cut red tape and encourage start ups and entrepreneurship† (Australian Government , 2016). A tax cut of 1.5% will reduce theRead MoreBusiness Proposal for Health, Wellness, Exercise, and Nutrition Outreach Education708 Words   |  3 PagesBusiness Proposal for Health, Wellness, Exercise, and Nutrition Outreach Education Objective: Outreach Foundation, with the support of major sponsors including small business, corporate, and educational institutions, is on a mission to educate students about the importance of diet and exercise in their personal lives. To challenge our youth to visualize their future as fit, strong and healthy citizens that will allow them an expanded vista of enjoyable and healthy athletic activities. 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Japanese American Concentration Camps Free Essays

World War 2 was not officially initiated until German Nazi’s invaded Poland on September 1, 1939. America did not get Involved in the war until December 7, 1941, Japan bombed Pearl Harbor, war was not declared on Japan until the following day. December 11, 1941 Germany declared war on the united States. We will write a custom essay sample on Japanese American Concentration Camps or any similar topic only for you Order Now The war was now In full force, with America raging war against the Japanese and the German Nazi’s. Back home In America, they to were taking action to protect their homeland. In February of 1942, President Roosevelt signed an executive order to relocate all Japanese Americans. This occurred because of the bombing of Pearl Harbor, Many feared that the Japanese were attempting to â€Å"Remain loyal to their homeland† and were acting as spies. Even without concrete evidence, President Roosevelt signed for them to be relocated. These camps were still located on American soil and were not death camps. The camps were concentration camps, a place where they go to basically do hard labor all day. Many Japanese American families sold their homes and assets, here was no guarantee that their lives would continue as normal upon their return. Their homes sold for fractions of the price they were actually worth, even Japanese vets of WWW were forced to leave their homes and assets behind. It did not matter If the families were born and raised In America and had never been to Japan, the fear of an invasion was to great to allow a possible security issue be lose. Until the camps were finished the Japanese Americans were held in stables at local racing tracks. Ten camps were completed and the camps were built in remote areas of seven western tastes : Arkansas, California, Wyoming, Colorado, Idaho, and Utah. The housing was poor, Tarpaper Barracks were the housing for the Japanese. There were communal mess halls for family to dine with one another, the children had to attend school and the adu lts had the option to work for 5$ a day. The Japanese definitely were not living high class, but the camps they were located to where heaven to the Jewish In Germany. The plan for the camps was for them to be self sufficient, by farming for food. The solo was not Ideal for this plan however. The homes were not heated or lolled during seasonal changes and the food was made army grub style. The Japanese Americans were not allowed to leave because security would not hesitate to shoot one who tried to escape. There was armed security that stood round clock watch over the Japanese Americans. 27,000 Japanese Americans were wrongfully relocated into concentration camps, when challenged by Fred Sauerkraut, the Supreme Court showed little to no sympathy and said it was war time necessary for the camps. The government and the people without a Japanese bloodline agreed that it was simply for the time of war. The camps never got to be the point of the horrific f the Nazi’s camps and that was greatly appreciated, but the act in i tself was considered wrong and In history is labeled as a bad move In American history. January 8 1945, the first families were released from the camps. Most families had nowhere to go and nowhere to work. A lot of Americans would not hire Japanese Americans due to their own racism that grew because of the war. In 1988 the court tried to apologize for the wrong act of putting the Japanese Americans into compared to what the families had to go through during and after the camps. In hope America will stoop low enough to concentration camps again. How to cite Japanese American Concentration Camps, Papers

Exxon Mobil Resources and Capabilities free essay sample

Mobile is one of the most successful companies in the oil and energy industries today. But what makes them so successful? In an effort to answer this question, a thorough internal investigation can be helpful in determining what aspects of this company are making it an industry leader. Two aspects of this internal analysis of Exxon Mobile are the company’s resources and capabilities. Resources One of the most reputable resources that Exxon Mobil has today is a strong brand name. Exxon Mobil operates all over the world and is recognized in every part of the world (Datamonitor, 2008). When people all over the world know who a company is, what they do, and where they are located, the company gains a unique competitive advantage over the rest of the industry. A good way to analyze this resource is to use the VRINE Model (Strategic Management, 2007). This breaks down in order to analyze its value, rarity, inimitability, and exploitability. For this resource I’ll start by assessing its value. The question that must be answered is, â€Å"does this resource allow the firm to meet market demand or protect the firm from market uncertainties? † (Strategic Management, 2007). In the case of the brand name resource, I believe that it gives them ample protection against uncertainty and enables them to compete, if not lead, in the industry. Exxon operates in over 200 countries around the world (Datamonitor, 2008) The fact that this company is present all over the world, and not many other industry competitors operate in so many different regions, proves that this particular resource is very valuable to the company. If a company can possess something that another company cannot, value is inevitably created for that resource. This resource also protects them from uncertainty because this brand is already established itself within the market and can thrive in it without too much concern about the well being of the company, thus limiting some uncertainty. Next in the VRINE model is assessment of its rarity. Do any other companies possess such worldwide recognition as Exxon Mobil’s brand name can bring? There are some companies that have come close in competing with Exxon Mobil, such as ConnocoPhillips and Chevron, but none can compare with the unique profitability and opportunities that the name Exxon can bring to a region. The name is undoubtedly trusted throughout the world and rarely rivaled. Those aspects of the brand name recognition make this brand name a rarity. The next step in the VRINE model is to assess the inimitability. To assess this, the question of can competitors â€Å"acquire the valuable and rare resource quickly, or will they face a cost disadvantage in doing so? † (Strategic Management, 2007). The simple fact that the Exxon Mobil name is trademarked and registered makes it impossible for any other company to replicate its name. Also it would cost a substantial amount to buy out the company and gain its name. This alone makes the brand name inimitable. Now assessment of the nonsubstitutability is needed. The question arises, â€Å"is there protection against ready substitutes? † (Strategic Management, 2007). For Exxon, their name reputation is one that substitutes have a very difficult time matching. Exxon is leading the industry and continues to be a leader of almost every aspect of the industry today. Though substitutes are present in the industry, none can surpass the reputation of Exxon Mobil. The final step in the VRINE Model is to assess the resource’s exploitability. The question to answer is, can the firm â€Å" nurture and take advantage of the resources and capabilities that it possesses? † (Strategic Management, 2007). For Exxon, they can bring the company anywhere in the world and use the recognizable name to establish credibility and power in that region. This gives the company a considerable advantage when it comes to exploiting its brand name to establish the company around the world. After analyzing the resource using the VRINE Model, all aspects of the model have been met, so it is safe to say that this resource can give them a competitive advantage among its competitors. Another important resource that Exxon possesses is the presence of human expertise capital throughout the company (Datamoitor, 2008). Exxon employs many scientists and engineers that are researching and finding new ways to gain access to more energy resources and make the new innovations less harmful to the environment (Annual Report, 2007). This human capital has proven to be a very important resource for the company as shown by their development of new ways to increase liquid natural gas supplies and â€Å"enhancing heavy oil recovery† (Annual Report, 2007). Using the VRINE model again, I will assess this resource. In analyzing the value of the human expertise capital, again we must consider whether this resource helps the company meet market demand and can eliminate some uncertainty. In this case, I believe that the unique research department that houses these scientists and engineers is one that gives the company a great capability to compete in the market, and even excel within the industry. I believe it also eliminates some uncertainty because while the company is researching and developing cutting edge technology, it keeps them knowledgeable about all the new innovations and ideas that are throughout the industry. This makes the resource very valuable. Next, the rarity of the resource must be analyzed. I believe that this resource is rare because of the entire department (the Upstream Research Center) within the company devoted to letting these scientists and engineers use their knowledge to propel the company into the future (Annual Report, 2007). Some companies have R D departments, but they don’t posses the funding for such expertise and capabilities within these departments like Exxon has in its Upstream Research Center (Annual Report, 2007). This makes the breadth of their scientists and engineers and rare resource among it competitors. Following the VRINE Model, inimitability is the next aspect to analyze. I believe that it would be very difficult for any company to gain the human expertise capital that Exxon has. Exxon pays particular attention to its scientists and engineers by providing opportunities to use their knowledge to help solve every day problems that the company is facing. Many of these scientists and engineers had PhDs in their respective fields, thus making their ideas more credible and valuable to the company (Annual Report, 2007). This make the human expertise capital an inimitable resource because it makes it hard for other companies to replicate the magnitude of the distinguished human capital that Exxon possesses. The next step in the VRINE Model is nonsubstitutability. It would be nearly impossible for a competing company to substitute an equally effective team of engineers and scientists. The cost would be too great for the company. Exxon is leading the way in Research and Development trends, and substitutes for the quality of employees that Exxon has would be very difficult for other companies, making the nonsubstitutability of Exxon’s human capital very high. The final step is to analyze the exploitability of the human expertise capital. Exxon has proven that the expertise that is present can be exploited to develop new and innovative ideas that help Exxon maintain as an industry leader. One example of the result of this exploitation is the development of Metallyte UBW-ES, which is a new polypropylene film for packaging that has unprecedented sealing power (Datamonitor, 2008). This example proves that the exploitability of this human expertise capital makes this resource a valuable asset to the company. After analysis of the human expertise capital resource using the VRINE Model, it can be said that this resource gives Exxon Mobil a competitive advantage in the industry. Capabilities After assessing the resources that Exxon has available to them, it is now easier to illustrate what Exxon’s capabilities are because of the acquisition and ownership of these resources. One of Exxon’s important capabilities is their extensive research and development capabilities. Exxon’s research and development capabilities are very dynamic in the sense that as new energy conservation and developments arise, they can adapt their research and development departments to meet the new technologies and innovations. Their research and development capabilities go insofar as to â€Å"improve existing products, and enhance service† (Datamonitor, 2008). Using the VRINE Model again, it can be easy to see if this capability really gives Exxon a considerable competitive advantage. First we have to look at the value of this capability. Exxon has utilized the company’s valuable resource of human expertise capital do help head the research for new improvements and innovations that help lead the way for Exxon to grow (Annual Report, 2007). One such innovation is the development of Enable mPE, which has â€Å"substantially reduced waste and energy consumption across a wide variety of film applications† (Datamonitor, 2008). This capability allows them compete within the market and gain headway in developing potentially high profit innovations, thus giving value to their research and development capability. Next the rarity needs to be assessed. Though almost all of Exxon’s competitors have research and development departments, none have invested the amount that Exxon has. Also there are only a handful of top competitors within the energy industry so that alone makes Exxon’s R D department rare. In fiscal year 2007, Exxon invested $814 million in R D. Though the idea of an R D department is not a rarity in its own right, the amount invested and products produced because of their extensive R D work makes this a rare capability among its competitors. The next assessment in the VRINE Model is the inimitability of this capability. As mentioned before many other companies have a R D department, but not to the extent that Exxon’s is being funded and operated. In the past 5 years, Exxon has invested upwards of $3. 5 billion in research and development alone (Annual Report, 2007). Very few of Exxon’s competitors can match that without having an almost impossible financial obligation afterward. That is one feat that few companies can imitate. The next step is to analyze its nonsubstitutability.