Otto’s Weiner World Otto’s Weiner World is blossoming into a bigger and more successful corporation. With this expansion many oversights and variables are going to be analyzed. As the franchise begins to expand the owner Otto, wants his business ran a certain way. The chain will need to employ managers and workers who will uphold a positive relationship with the community. With his current business model to build on Otto can achieve his goal Growth Strategy Otto has built a popular business due to his good food and relationship with employees and customers. He provides a service to consumers which they have responded positively. Now to build on that success he will need a well thought out business plan. In Exploring Business it is said that these plans are a blueprint in which one can build and expand their business. A business must stay true to its core values and have a clear hierarchy to keep it organized. (Exploring Business Chap 5, Pg 42.) In Otto’s case he wants to instill the positive relationship with employees, customers, and his community is achieved. There is no need to stray from the core values because the business has blossomed because of it. Now finding certified employees to uphold the values is paramount to the business along with taking care of their needs. Since food service …show more content…
(Exploring Business Chap 2, Pg 8). Otto as an owner can achieve a good ethical standing by providing safe and good food for his customers. Since he buys the products locally he is more knowledgeable in terms of what was used to grow the livestock or produce. Otto has the peace of mind knowing what he serves his customers are the best he can source. As an owner he is responsible for his staff earnings and making sure they are paid timely and fully. Paying employees on time and in full keeps them happy and less likely to act out on him or the
Panera, a “fast casual” restaurant is built on the premise of creating a warm and inviting atmosphere for employees and customers alike. Employees abide by a code of conduct that spells out ethical rights and responsibilities on individual and corporate levels and encourages employees to ask questions in person or by way of a dedicated Ethics Hotline. They also have an anti-retaliation policy to protect anyone who reports a potential violation from mistreatment (Panera Bread
After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including
Company Q is a small local grocery store chain that has a poor attitude toward social responsibility. After reviewing the given, I feel the chain is more committed to profit than social responsibility. Most companies are in a business to make a profit, however, the difference in what is considered reasonable and what is considered ridiculous comes into play. Most people start companies because it something they are interested in and to make a living. In today’s society the line between outright social responsibility
To ensure that my clientele get value for their money, I will make sure that they get the desired and right taste of food. This will be achieved by ensuring that the food served to clients is well prepared by well-trained personnel and high quality ingredients used. I will also offer
Every business needs a plan, in that plan businesses need direction. Business that want to be successful will have both a great plan going in a great direction, with investors, board members and employees that believe in the same outcome, together they will be willing to implement the plan in order to have success. Quaterra Alaska a junior exploration company has a plan to the leader in the mineral exploration world, while starting a new advancer into mining. Their plan is to take old mine sights and turn them in to a profit while helping clean up old mine sights that still hold good minerals. This idea has made a small town in the
If the company wants to solve its problems and become attractive for the potential investor, it should solve all its problems. The most important, company has to develop a business plan. In this plan, all the problems will be solved through stating company’s vision, mission, objectives, marketing, production and financial plan.
The first dilemma is observable in the sphere of the American meat industry. The unhygienic conditions of meat production units, and the pathetic conditions of the places where the cattle are kept, both point toward indulgence in unethical practices. From the deontological perspective and from the utilitarian perspective if the meat production scenario, as depicted in the documentary, is considered then a clear picture of unethical practice will come before the eyes of the spectators of the movie. The disgusting condition of the meat industry has contributed to the infamy of the meat industry and its rotten nature. From the deontological perspective it can be said that, it is the duty of an employer to ensure the safety and security of his employees. But Robert Kenner, in the documentary, has shown how the employers in the sphere of American meat industry are indifferent to this basic duty. These employers refrain from being accountable to their employees and to the common public as well. The higher rate of workplace injury in the context of the meat industry is a burning truth and this truth indicates how unethical the approaches of the employers are. From the utilitarian perspective, if judged, it can be seen that, the food industry must be very much cautious about its modes of production and about the quality of its produces. This is primarily because food is consumed by a huge number of consumers
“Hi, welcome to CiCi’s!” This is the warm greeting that every CiCi’s employee will welcome every customer with when they walk through the door. This warm welcome is just one of the many things that CiCi’s does to exceed the customer service expectations that come with a buffet style restaurant. With competition lurking, and the economy pinching, great customer service has become a premium. This is why CiCi’s focuses so much on the customer’s wants and needs. The mission statement
Barringer, B. R. (2009). Preparing Effective Business Plans: An Entrepreneurial Approach. Harlow: Pearson Education Limited.
In order for a business or corporation to grow and expand at a calculated pace, they must be able to strategize the proper business plan to get there. A strategy is a set of analytic techniques for understanding and influencing the firm 's position in the marketplace (Raimundo, 2001). Having a business
The Case Study concerning MacFarlane solutions is an interesting one to note down regarding strategic planning in an organization. From the information given, it appears that the small business expanded merely due to the insight of Bill MacFarlane and the planning that he gave forward. (McDonald 2011 pg. 736) Bill started off after working in a firm and having an experience of more than forty years. He specialized in what he knew and then gave forward what he was good out. There was risk in his ventures as the expert started out, however he trusted his instincts and went out with the planning.
In order to achieve these strategies company undertakes a 5 P’s integrated approach to people, products, place, price and promotion. Company relies on its ability to continue to innovate and reinvesting in the restaurants to develop them according to system plans for world-wide growth, being consistent in providing excellent customer service and clean and friendly environment which enriches customers experience and create an overall difference that balances profitability with value.
To provide quality product, extensive menu of delicious foods, ensure customer awareness and loyalty and also have good publicity.
A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start- up stage to developing, growing and managing your business. It can also be used to get funding.
Furthermore, the basic start of a business begins with a business plan. “A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume”