Tuesday, May 5, 2020

Business management The Entertainment Cafe

Question: Discuss about the Business management Entertainment Cafe. Answer: Products and service plan The Entertainment Caf aims to offer brunch, dinner from 9 a.m. to 3 p.m. to the local customers both individuals and their families of Edmonton Trail, Calgary. The food items, offered by the customers are demanded to be completely fresh so that the customers can be fully satisfied with the offered services. Along with offering a fresh menu to the customer, the management of this caf also aims to offer entertaining games like trivia games, Karaoke, bingo, live music, reading of poetries, etc. This caf is offering a customising service as it aims to offer its customers services, based on their specific needs and demands. The product is said to have four distinct stages such as introduction, growth, maturity and decline stage (Shahmarichatghieh, Tolonen Haapasalo, 2015). The service of the Entertainment Caf is in the initial stage because it has a minuscule market and consumers to be targeted. This caf mainly focuses on the local market and its consumers for their start-up business. The approximate budget of this caf is around $200000 among which the investment of the Dragons is expected to be $ 30000, the Canadian Small Business Program Loan is of $ 90000 and $ 80000 is contributed by the initiators. This caf will take approximately six months to take hold of the competitive food market. Objectives 0-4 weeks 4-8 weeks 8-12 weeks 12-16 weeks 16-20 weeks 20-24 weeks Selection of a high traffic location Arrangement of excellent quality fresh food Fixing cost effective healthy and tasty menu Short listing entertaining games to suit the cafe environment Selection of the trendy decoration Recruitment of highly enthusiastic staffs Identifying the initial risks Taking required solutions for them Table: Gantt chart of the required actions of this caf (Source: Created by self) Operations plan In the case of The Entertainment Caf, the production type will be customization, as in this process, the production of the goods is directly related to the needs and demands of the individual customers (Gitman McDaniel, 2007). On the other hand, in this context, a fixed-position layout will be followed at the time of offering their services to the customers because the facility arrangements will be static and the staffs of this caf will be moving to each consumer to deliver their ordered dishes (Hou et al., 2015). The raw materials and equipment are brought from outside into this caf. To do a systematic supply chain management, the management of this caf needs to improve their communication system with their suppliers so that they can improve their relationship with them to maintain the flow of the raw material continuous. By improving the supply chain management, this caf will automatically be able to improve the quality of their products (Leschke, 2013). Improving the communication system with the consumers is seemed to be the best measure to understand the quality of any product. By collecting the feedbacks from their customers with an automated feedback giving machine, the managers of this caf will be able to evaluate the quality of their offered food items. References Gitman, L., McDaniel, C. (2007).The future of business: the essentials. Cengage Learning Hou, C. I., Huang, H. C., Tsai, Y. H., Lo, C. Y. (2015). Research on Decision Making Regarding High-business-strategy Caf Menu Selection.International Journal of Computer Science Information Technology,7(2), 89. Leschke, J. (2013). Business model mapping: A new tool to encourage entrepreneurial activity and accelerate new venture creation.Journal of Marketing Development and Competitiveness,7(1), 18-26. Shahmarichatghieh, M., Tolonen, A., Haapasalo, H. (2015). Product life cycle, technology life cycle and market life cycle; similarities, differences and applications. InTechnology, Innovation and Industrial Management Joint International Conference

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.