Business Report Y11 Business Studies Trinity Grammar School Assignment

1555 words - 7 pages

Report 1 – Operations and Marketing of Sea Treasure
Business: Sea Treasure Chinese Restaurant (North Sydney)
1.0 Situational Analysis
1.1 Influences in establishing a SME
There are factors that influence a prospective SME owner to start-up a business. These factors include personal qualities, skills, and qualifications. These qualities are attributable to creating a friendly environment, developing interpersonal skills during decision-making, and require motivation in creating the best quality food. Owners are tempted by motivation to recreate renditions of authentic yum cha, seasonal hotpots, and traditional Chinese banquets.
In regards to establishment, the purchase of an existing business would benefit the business’s operations and marketing. One, the seller may offer invaluable advice on how the operations of a kitchen is run and how to market the business, due to their familiarity of the geographic location. Previous owners can proffer suggestions and advice on the current way to market the business through social mediums and advertising food products in local food events. Purchasing an existing business will also mean maintaining a solid customer base.
1.2 SWOT Analysis
Strengths
· The restaurant has built up a strong reputation in the industry
· Easily acquiring stock
· Employ an effective quality management
Weaknesses
· Staff have low productivity levels
· Outsourcing pre-made food to a different company.
Opportunities
· Able to improve environmental sustainability – purchasing eco-friendly ingredients and products
· Local food stall events to promote new food products
Threats
· Possible bad reputation left by previous owners
· Hygiene of food is not up to standard
1.3 Classification of Business
By size, Sea Treasure is considered a small business according to ABS (less than 20 employees). Sea Treasure hires chefs to work in the kitchen, waiters to serve customers and a manager that oversees everything. In terms of legal structure, Sea Treasure is more shaped as a partnership. Operations-wise, the business shares the workload to improve productivity. As there is no legal entity, the business could suffer from unlimited liability, which could dampen the financial growth of the business. However, operating a partnership is less costly to operate than a company.
1.4 Vision and Goals
The vision of Sea Treasure could be described as “to be the region’s most differentiated and high quality dining restaurant, providing innovative products that cannot be found in other similar restaurants.” The aim is to promote the quality of the food. Thus, the operational plans would be to organise and coordinate employees so that productivity levels are stable. Long-term strategic and tactical plans would be to forecast a projected sales target and aim to achieve it within a specified time. This would foster an expansion of the business as well as increase in market share.
2.0 Marketing Plan
2.1 Identifying the target market
Identifying and selecting a target...

Other Essays On Business Report - Y11 Business Studies - Trinity Grammar School - Assignment

Fundamental to Business Operational - Trinity International College - Dissertation

3555 words - 15 pages be affecting the competitive business operations with real case studies and examples. Keywords: operational management, enterprise resource planning, supply chain management, competitive operations management factors, total quality management, operations strategy Nurizzah binti Roslan - May 2019 6 ACKNOWLEDGEMENT I would like to express my special appreciation and thanks to my Lecturer Mr JK Chan, School of Business and Management, Trinity

International business management - Acsenda school of management. International business Management - Assignment

1097 words - 5 pages Running head: ANALYSIS OF A CURRENT TOPIC 1 ANALYSIS OF A CURRENT TOPIC 2 Analysis of A Current Topic Emmanuel Ifepe (3156010) Acsenda School of Management Professor: Sylvain Charbonneau BIBM101: Introduction to International Business 6th of June 2018 US slaps tariffs on EU steel and aluminium Before I go into the topic I will talk about some terms on the topic as regards to the course contents briefly. According to chapter 3 of the course

Economics - Company examination - Online business high school - Assignment

561 words - 3 pages . At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions In Section 1, you learned about economic principles. Now, you'll apply what you learned. 1. Choose a well-known company that you know of, and answer the following questions about it: - Apple Inc. a. Is this mainly a product-based or service-based business? (1.0 points) - Apple Inc

Intergrate business perspective report - UTS - Report

3541 words - 15 pages  & Maintaining the system.  Council involvement , public servants.  Determine monetary value of government grants to musicians  Price of subscriptions, cost of ticket sales & margin applied to sales.  Credit card details linked to account. Median house price in area determines  level of discount applied. ‐ Lachlan  Get Involved, Get To A Gig, Get GIGr The market The following segment of our business report will investigate GIGr’s target market and

LOUIS VUITTON MARKETING ANALYSIS - Business Studies - essay

766 words - 4 pages HAFSA. 10JP. BUSINESS STUDIES. MS KHAN. LOUIS VUITTON ¬ A MARKETING ANALYSIS Louis Vuitton is the world’s leading luxury products group. The strategy of LVMH is based on combining LVMH fashion and leather goods. It holds on to its own brand spirits and do things which are different from any other one .The various strategies of LV are as follows:- Price Strategy The most important strategy is price strategy. The prices of Louis Vuitton

Cross-cultural consulting proposal - Business - Report

1315 words - 6 pages objective process of data collection of company culture and its business relationships in response to a given cultural problem; often through one-on-one meetings; the tangible end product being a final report and optional workshops; the intangible product as increased company clarity and cultural competency in resolving a cultural conflict in its operations/strategy 3  Culture shock:​ the immediate, often unconscious reaction to differences of culture

Business Proposal - Create Your Own Business - Business Studies - Assignment

1508 words - 7 pages Table of Contents Topic Page Executive Summary 3 Business Name 4 Logo 4 Business Location Picture of Business Location 4 5 Legal Structure 6 Prime Function 6 Mission Statement 6 Reason why I chose this particular business 6 Conclusion 7 References 8 Executive Summary From Mila owned by Jamila Grace and Amelia White is a custom swimwear business that’s products will be sold online. The business will be run from home and is a unique

Unilever Global Business Environment Report - Manchester Metropolitan University, Global Business Environment - Report

3731 words - 15 pages Term 2 Individual Report | Global Business Environment| Final Word Count: 3,387 Autumn Hall Student ID: 16048853 26 Apirl 2017 Table of Contents 1. Purpose and Aims………………………………………………………….2 2. Introduction To Unilever…………………………………………………2 3. Ethical Issues in International Business……………………………………3 3.1 Introduction to Business Ethics…………………………3 3.2 Unilever’s Ethical Issues………………………………..4 3.3 Unilever’s Ethical Standards and Their Success

Offer and Acceptance Business Law - Business Management - Assignment

1296 words - 6 pages ELECTRONIC SUBMISSION OF AN INDIVIDUAL ASSIGNMENT “BUSINESS SCHOOL COURSEWORK FEEDBACK SHEET” “ “Student number” 201408920 “Date 16/05/2017 “Module Title” Business Law and Ethics “Assignment Title” Advise Neil with regard to the law relating to offer and acceptance. “Module Code” 26359 “Your Word Count” 1041 “Strengths exhibited in the assignment:” “Click here to enter text.” “Areas of weakness in the assignment, and ways in which the work could

LaQuinta Business Statistics Problem - Northeastern University Business Statistics - Assignment

858 words - 4 pages Before doing the assignment, please put your initials in the space provided indicating that you agree with the terms stated below. I agree not to discuss or to share this assignment with any other person. Initials: ________________ Good luck. ************************************************************************************ La Quinta Motor Inns LaQuinta Motor Inns is a moderately priced chain of motor inns located across the United States

Kmart Business Studies HR Case Study - James Ruse High - Essay

1502 words - 7 pages HSC Business Studies Danny Chen 1 Kmart Human Resources Processes Executive Summary The processes of human resources management (acquisition, development, maintenance, separation) are essential to business success. This report will analyse the ways that Kmart Australia have achieved business success through the strategies of: • Pre-recruitment job screening online to identify key desired

Similar Papers

Business Report Created Using Given Stimulus Business Studies Year 12 Kcahs Assignment

1112 words - 5 pages Business Report - Kmart 31280680 Executive Summary This business report has been created for Kmart Australia in regards to their marketing strategy. Since opening its first Australian store in 1969, Kmart has experienced a near fatal bankruptcy issues and little break through in the market. However, the business is now nationally for everyday products at the lowest prices and is one of the most profitable discount stores due to its

Bcit Business Management Report Bcit Assignment

2120 words - 9 pages panic orders lead to the bullwhip effect eventually JESSICA- CINDY-The third alternative is using the EDI system. We recommend the EDI system divided into two parts, which are internal and external. Internal part of the EDI can let the departments instantly share the information with other departments. External parts of the EDI provide the clear vision about inventory and demand for supplier and distributor. The report also include several pros and

Business Topic 1 What Is Business? Business Studies Revision ‘Revisogram’

1297 words - 6 pages only be sold privately with the consent of the shareholder – not on the stock exchange Challenges involve greater admin costs (though much cheaper than being a public company), Public disclosure of company information (annual report & accounts + annual return), Directors’ legal duties (set out by Companies Act) Difference between ‘Mission’ and ‘Aim’ Mission is the aim for the business whereas an aim is a general statement of where the business is

Business Studies Marketing Plan Business Studies Marketing Plan

4075 words - 17 pages Fitness R Us
 Marketing Report Executive Summary 2 Situational Analysis 2 SWOT Analysis 4 Marketing Objectives 5 Increasing Market Share 5 Expanding the Product Mix 5 Maximising Customer Service 5 Marketing Strategies 6 Product 6 Price 7 Promotion 7 Place 8 Implementing, Monitoring & Controlling 8 Social Media Advertising 9 Advantages 9 Disadvantages 9 References 13 Executive Summary This marketing report was commissioned for the business