Background of The Manhattan Fish Market
The Manhattan Fish Market originated from the west experience since 180 years ago in The Fulton Fish Market on Fulton Street underneath the iconic Brooklyn Bridge, New York. Over the years, The Fulton Fish Market has been relocated, but its reputation remains intact as one of the largest wholesale fish markets in the world.Inspired by the finest seafood restaurants found along Fulton Street in Manhattan, the Manhattan Fish Market restaurant chain serves only the freshest, lip-smacking American-style seafood.
Their vision is to be the leading seafood casual dining restaurant chain in Asia in terms of delighting guests while in their mission statement is by serving unforgettable dining experiences
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Most of their part timers are students from the nearby colleges. The number of part time required is depending on the projected sales for the day. Many will be called especially during the weekend to support them with the peak hours.
3. Scheduling Work Shifts
The assistant manager prepares a weekly schedule for their staffs. At the MFM they forecasted more sales during the weekend therefore more staffs will be assigned during these days. Other than that, the MFM also applied the split shift concept during off-peak periods where the staff will come only during the peak hours e.g lunch hour and dinner time.
Analysis
Managing Demand 1. Segmenting Demand
In the previous section, we discussed the two different segments that regularly dine at Manhattan Fish Market, the weekdays working adults who dines in during the lunch period and family segment that usually dines at the outlet at around dinner time during weekdays and all around lunch time till dinner time on weekends. The issue that we found interesting here is that previously Manhattan Fish Market utilizes the customer comment card which enables them to identify who their customers are but since then the system had been scrapped to give way to a more online database system which now mostly caters to customers who has a complaint to make. By utilizing this customer database, Manhattan Fish Market could better target their segments and have a better understanding of their demographic instead of just
As for our market segmentation the concentration will be on teens, young adults, and parents. Since teens don’t typically cook a lot we believe that there should be a chance for success in this area because we are offering quality products at a cheap price. The same could be said about the young adults as they could be new into the work force and looking to get the most food for the price and this is something that we will be able to provide for them. With all of this being said our main focus will still be with parents and families. This is because we want to gain customers at a young age and hope to maintain these customers for the period of their entire lives. If our business is able to obtain life-long customers it is sure to be a success and this is what we are looking for with our business.
The consumer market for freshwater ornamental fish and related products in the US exceeds $700 million annually and is growing at a rate of nearly 9% per year
The World Famous Pike Place Fish Market John Yokoyama started working for Pike Place Fish in Seattle, Washington, in 1960. At age 25, he used all his savings to purchase the unsuccessful business. He spent the next 20 years running the Pike Place Fish Market, but he says in retrospect that he treated his employees more like objects or collateral than human beings. He made a living, but his business did not thrive. Finally, he realized his thoughts, feelings and attitudes were hindering his success.
“Top quality, always fresh products, value, great service and community leadership has allowed it to grow into the largest quick service restaurant
Pike Place Market in Seattle, is one of my favorite places to visit. It is part of the historic district in Seattle and is only closed on Thanksgiving and Christmas day. The rest of the year you can find a great meal at one of over 80 restaurants, the perfect gift or souvenir from one of their many owner-operated shops, and you can even find food and flowers for your daily home needs.
Nevertheless, the majority of customers are very satisfied with the amount of serving along with the quality of their meal as well as the price paid. The strategy of being a low priced high value added has seen problems due to lack of customers which is affecting the bottom line drastically. This inevitable circumstance has put a hold on operations and started an investigation upon various neighboring competitors and their own strategies.
Our strengths include: high quality seafood at over 100 locations already in the United States we are pretty strong in our domestic market and experienced in our business unit. We also possess a diverse menu including items such
Together, they developed a new menu around freshness. Next, “wood-fire grilling” was introduced, as research showed it was the most preferred way of cooking seafood. This was a very effective way of repositioning the brand, as it helped to shift perceptions away from the fried foods of the past to the new fresh preparation methods. Furthermore, “grill masters” were introduced, and the position quickly became the most prestigious job in the restaurant. This was also highly effective, as it added a higher quality feel to the food, and served a dual purpose as the centerpiece of the marketing plan in 2011. In addition, a fresh fish menu was provided to consumers, separate from the main menu, which highlighted the daily catch. Finally, select ingredients were upgraded and restaurant locations were remodeled in order to strengthen the perception of top quality and freshness, while appealing to consumers other senses.
in the mission statement reads: "to sell delicious and remarable food and drinks". Based on the website, this statement is
New Jersey has had its share of water scares in the past week as Pacu fish have been caught in a freshwater lake and a deadly Portuguese Man of War have washed ashore from the ocean. Is water the most dangerous place for the Garden State as these mysterious creatures find their way to the Jersey shore?
A fishery by definition, is “the occupation, industry, or season of taking fish or other sea animals (shrimp, squid, clams) and selling them for profit” (Webster Dictionary). Atlantic Cod used to be considered as one of the richest fisheries in the world. Atlantic Cod, scientifically known as,Gadus morhua, are heavily bodied, blunt snouted fish that are typically brown or grayish in color with a series of spots located on their bodies along with a pale lateral line. This species of fish have a schooling behavior when feeding but remain isolated when traveling. The Atlantic Cod once densely populated the waters of the Atlantic ocean, from Greenland to North Carolina. Despite the wide range in location, Atlantic Cod are a nonmigratory species
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 owner, Rocky Aoki and his team, their understanding on consumer patterns became their advantage; the consumer’s distrust of exotic food and their enjoyment of eating in exotic surroundings, and the customer’s interest in watching their food cooked. Though unique, this system allows the business for greater control on the flow and options given to the customer.
For Subway Sandwiches, the global leader in franchised subway sandwich shops, the segmentation criterion that affects target market selection varies significantly within each community, city and metropolitan area chosen for expansion. At their most fundamental level, segmentation strategies at Subway are based on a broad base of assumptions with regard to socio-economic and demographic factors including age, income, mix of genders in a given region, ethnic composition of a community, vehicle ownership versus mass transit use, and media habit including social media use. All of these factors are included in the foundational elements of the Subway Sandwich market planning, marketing strategy and store planning. Additional factors that segmentation strategies are often based on are discussed in this analysis.
“To establish Café de Coral Holdings as a distinguished corporation in the food and catering industry as the world’s largest Chinese quick service