Sc 5812 Week 9 Industry Analysis

The restaurants setting is aesthetically pleasing and uniquely from other traditional fast-food restaurants. The restaurants’ food preparation area was equipped with stoves and grills, pots and pans, cutting knives, wire whisks, walk-in refrigerator and other kitchen utensils. Besides, the company support systems and functions include distribution centers, quality assurance department, training and risk management department, accounting and finance, internal team of real estate managers, administrative and general management. All of these let the company to maintain the daily operation and run the business

From a personal experience of working in a restaurant located in a touristy town, I found these fluctuations in business to be a reality. I worked in a restaurant in Williamstown, Massachusetts, which gets very busy in the summer due to a renowned theater festival. During the summer, the restaurant was completely

These figures are not definite and will likely change over time as figures are being actualized every year. These assumptions were based on an article written by the National Restaurant Association where they stated that as long as the economy keeps doing well the estimated sales in restaurants will exceed $604 Billion in 2011 alone (National Restaurant Association, 2011). From the projected forecast of sales for 2011 we are assuming that the prosperity in growth will continue each year. However with any economy nothing is for sure and sales should be monitored and increasing prices to keep up with costs will most likely need to be reviewed bi-annually.

The paper that I 'm writing will help you to gain information on how External and Internal Environments play a major part when dealing with a company. The company that I have chosen to write about is Huntington Ingalls Industries, INC. Huntington Ingalls has always had a very good reputation and has always contributed to the economy by affording the people an opportunity to work and contributed as a whole to do their part. Huntington Ingalls known as the largest manufacturing company in Virginia and the largest employer in the Mississippi community and is considered one of the largest employers in Alabama as well. Huntington Ingalls Industries involved in workforce development for over 128 years since Newport News Shipbuilding was development. Huntington Ingalls has also continued its development by forging strong partnerships with community colleges and have supported some secondary and elementary school programs helping the economy and preparing people to work. "According to the Organization for Economic Co-operation and Development—the OECD—only half of American children are enrolled in educational programs at the age of 3. That compares with an average of 68 percent among the 34 OECD countries, which include most of the world 's leading economies." (Oct 2014)

The restaurant industry has been booming since the 90’s to now. With over 600,000 restaurants in the United States alone, and about 14.4 million employees

The moderate growth rate of the restaurant industry results in many competitive rivalries and the nature of business allows customers to switch freely. Therefore, among porter’s five forces, the pressures from substitute products tend to drive the most competition in the restaurant industry today (Restaurant 2015). In addition, restaurants face the threat of customer’s ability to choose other leisure activities such as going to the movies, bowling, or other social outings (Restaurant 2015). To effectively compete under such conditions, restaurants are heavily investing in brand building to create customer loyalty. Another trending strategy used to increase customer returns is servicing beyond food and beverages; restaurants are heavily investing in providing individualized, memorable and entertaining

The pricing of food and menu design at a restaurant is crucial because it can determine whether the restaurant is profitable or not. Creating a restaurant menu is difficult and sometimes hard to understand. Food cost and portion size play a big role in designing the menu. Food cost refers to the menu price of a dish in comparison to the cost of the food used to prepare that same dish (Mealey). Sometimes it seems as though restaurants charge a lot more than necessary, but in reality, we are paying for them to prepare the food, serve the food, and clean up after. The food market fluctuates daily, so it is important to have items with stable prices to maintain the desired food cost. The food prices at Ninfa’s were a bit high, but reasonable for

Over the last ten years app base technology has evolved marketing methods of the fast food industry and increase the exposure of companies to the end consumer(Elgan,2014). Apps have also helped the fast food industry give customers access to menu items, advance payment, and GPS store location(Elgan,2014). The change has helped the fast food industry enhance the experience of consumers and has helped them increase the service that they provide.

There is a projected growth of employment of 5% in the next 8 years, as population growth elevates the demand for various places to dine out. Advancement in the field is also possible, as an individual gains more experience, they have a greater likelihood of being employed at an upscale restaurant. However, in an effort to save costs, many of these establishments will hire less employees as time goes on, and consequently fewer food service managers.

Extremely Competitive Industry: The restaurant industry is an extremely competitive industry with existing companies planning major expansion efforts and new restaurants opening daily. They are approximately 8 million restaurants in the world and about 300,000 restaurant companies. With high competition, a mature market, a decline in the supply of workers, and low profit margins, this is a difficult industry to excel in. (Dess)

the restaurant industry produces the most income which is not as profitable as other industries

Over the past 3 decades, Fast food has pervaded every nook and corner of the US community. An industry that just began its journey with a very few number of fast food items like hot dogs and hamburgers has now escalated to reach every niche of the country selling a diverse range of food to people of all the category. Though the principle of fast food- serving filling and tasty food at an affordable price that satisfies people of all category, has not changed over the past decades, the growth of the industry has shown such a magnificent change. Undoubtedly, fast food industry has become a way of life in America. The study the extraordinary development of this industry from where it was then and where it is now will throw light on various factors like the changing trends, the culture, the economic conditions, the competition, the decisions made by the leading players in the industry, globalization, marketing techniques and so on.

industrial trends: nowadays more and more customers prefer the food to be made with all natural ingredients, no artificial colors, no chemical additions and they want to know the detailed composition of the production process. These factors are relevant to the restaurant business operation process as they impact on the production and marketing strategies used in the future.

The food service industry is continuously grow rapidly within the globe. Restaurant industry is business that prepare and serves food and drink towards customer. The food that customers purchase at restaurant can be eaten on-site, take away or delivered. According to Helen Akers, the restaurant industry is segmented according to the level of service customers receive. As the number of restaurants increase, people have many options for choosing a restaurant. When guests dine out from the restaurant, they starting to evaluate what they experience According to the National Restaurant Association, the food service industry are still one of the economy's top employers. The major segments of restaurant industry are full service industry, quick industry, fine dining, casual dining and others. On the website of the National Restaurant Association 2015, food service industry sales are highly expected to hit a record high in 2015.

The local hotel industry is now in its mature stage and mainly characterized by the overcapacity of available rooms against categories of services. However, the local restaurant and fast food industry members are in their growing stage and has the chance to increase the consumer demand for every improving product. The rapid expansion of food industry is an indicator fort his demand. The popularity of these fast food facilities emerged in 1980’s and for the last few decades, the industry has a consistent improvement that has doubled its growth rate digit