1. Introduction
1.1 Management
Management, “Art of knowing what you want to do and then seeing that it is done the best and cheapest way” (Taylor, 1911) or in other words management is a process of getting the work done by other in efficient and effective manner. Without proper management one can’t achieve their goals efficient and effective
It’s a profession which required group effort to achieve their goals whether it a profitable or non-profitable organization
Management is an art as well as science, it and art of getting work done by other and science, it has a systematized body of knowledge and universal validity
1.2 Function of Management
Comprised of 5 functions given below
1.2.1. Planning
It’s a Primary function of management.
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and check whether it going on as per the requirement if not ,take action to get the desired result it help in achieving organization goals, making efficient use of resources and ensuring discipline in an organization 2.2 Inventory controlling in restaurant
To understand what is inventory controlling one should know what the difference between stock and inventory .Stock refer to all goods and materials that are stored by an organization and Inventory refers to list of items held in stock
Inventory control means maintain inventory levels high enough to ensure menu items can be produced in the right quantity, but low enough to not have excess product sitting in storage.
Create an inventory is one of the most unpopular tasks in a restaurant’s but it’s important to controlling food costs to increase profit margin. It’s a continuous process so every restaurant need to restock there inventory on the basics of their sale in a day, week or month and resatuents follow the rule first in first out to reduce any kind of wastage. Excess inventory and low inventory cause decrease profit of an
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One of the major problem face by them was controlling their inventory that involves meeting the customers’ demands and at the same time minimizing waste. Which can be done by forecasting demand so no produce are wasted Problem faced by McDonald
As the trend changes customers preference also changes so McDonald’s, introduce new range to products so the challenge of reducing waste becoming even more difficult second problem was in past stock order was done by restaurant manager using their local knowledge as well as sale of the previous day, week or month and no national promotions or school holidays were taken in account this whole process took tons of manager times and give a lesser amount of time on delivering quality service and cleanliness
Fast food is the key to happiness, depression, obesity, heart problems, and possible death. That is what fast food corporations have yet to put on their nutrition labels. There are consumers and citizens they are against each other and one has to be chosen. Does being a consumer imply certainty? Does being a consumer imply uncertainty or a difficulty in making decisions?
Management need to be person centred about their staff everyone involved with the work service needs to know there values. If change is needed staff must discus with management to see where they can help and what they can do. Staff should never force there beliefs on other members of staff or residents but we must also respect their views. 2.7 Describe the role of the manager in implementing person-centred thinking and planning?
The factory style restaurants had positive and negative sides. The positives were fast, good-tasting food. However, the negatives were much more prevalent. McDonalds became a chain restaurant that appeared all over the United States. The owners wanted their food to taste the same at all locations.
In this regard, the restaurants had to provide quality food at affordable prices while at the same time focusing on making profits. Possibly, there are different ways of addressing
Their strengths are good food, reasonable price, high customer traffic, clean atmosphere, family run and operated. However, their weaknesses were; lack of management expertise, lack of accountability, inefficient human resources management skills, lack of innovation and therefore missed growth opportunity, and a hostile working
Management can be defined as getting the maximum efficiency and effectiveness out of a set of activities. A manager carries out this process. My chosen company for this project is Microsoft.
As people have issues about Mcdonalds’ low food quality toward people’s health. However, there is another important area that we have to consider seriously about is how its system, so-called “Mcdonaldization”has influenced and continuously effecting our society. From the article “McJobs: Mcdonaldization and the Workplace” by George Ritzer, he distributes the idea of how Mcdonaldized system has changed our society into scripted and “programmized” places (Ritzer 1998:140). He has specifically analyzed the McJobs’( job that has been Mcdonaldized) into four elements,which is its efficiency, calculation, prediction and control. As the nature of the world is made of a full of colors, diverse opinions of people naturally exist toward the term
A-Four support activities: 1- firm infrastructure and finance : -Strong brand, product, marketplace solution, delivery and support. (brand value from 35$ in 1973 to 10.7 billion in 2014 ). -Empowerment of top management –geographic structure. -Low debt, short term debt 2.9 billion, and long term debt 1.1 billion. Cash in hand 2.2 billion.
1.0 INTRODUCTION It is an essential to have clear understanding of an organization’s purposes to understand how organization works and its method of working can be improved. Usually, general objectives lead to clarification of purposes and responsibilities at all level of organizations. Management is the process of communicating, coordinating and accomplishing action in the pursuit of organization objectives while managing relationship with stakeholders, technologies and other artifacts, both within as well as between organizations. (Kinicki)
L.L. Bean. Inc Item Forecasting and Inventory Management Executive Summary L.L.Bean, Inc. has been a trusted source for quality apparel, reliable outdoor equipment and expert advice for over 100 years. Founded in 1912 by Leon Leonwood Bean, the company began as one-man operation. With L. L.'s firm belief in keeping customers satisfied as a guiding principle, the company eventually grew to a global organization with annual sales of $1.56 billion. The company headquarters are in Freeport, Maine, just down the road from the original store.
Contemporary management involves many aspects of management. These aspects include planning, leading, organising and controlling operations to achieve certain organisational goals. When comparing different management levels it is evident that at all levels emphasise the importance of using resources effective and responsibly. Managers should be able to build their own as well as their subordinates’ skills, regarding decision making, monitoring information and supervising personnel are which are essential to success. Managers have great responsibilities, these responsibilities include managing a diverse work force, maintaining a competitive edge, behaving ethically and using emerging technologies.
According to Mary Parker Follet (1941), management is the process of “getting things done through people”. (Khan A. Imaad,2008). Over the course of the years many theories and perspectives have been created as a conclusive result of many research studies. Two such approaches are the theory of ‘Scientific Management’ and the ‘Human Relations’ approach. Frederick Taylor’s Scientific Management is popularly known as the first theory in management history (Stoner, Edward, Gilbert, 2003).
Burger King (BK) is an American global chain of hamburger fast food restaurants. Headquartered in the unincorporated area of Miami-Dade County, Florida, the company was founded in 1953. Burger King 's menu has expanded from a basic offering of burgers, French fries, sodas, and milkshakes to a larger and more diverse set of products. In 1957, the "Whopper" became the first major addition to the menu, and it has become Burger King 's signature product since.
Pizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
The diagram above shown the CPM of McDonald’s and its competitor, KFC and Burger King; indicates McDonald’s is in a strong strategic position than its competitor. Some of the reasons McDonald’s is successful and has high market is due to it strong brand name recognition, a strong customer loyalty, and its global expansion. Furthermore, McDonald’s is also invested a large sum of money in advertising and very well known toward it charity program through Ronald McDonald’s House. Nevertheless, there are areas in which the organization can improve.