Company Type: Restaurant
Name: Wing Zone
Introduction
Wing Zone is a restaurant that offers Indian cuisine. They provide its customers with a wide selection of healthy dishes including vegetarian and non-vegetarian.
Marketing Analysis
Macro environment
Demographic
• Male and female
• Age 15-55
• Eat out several times a week
• Tend to like hygienic restaurants
• Yuppies
• Professionals that work closer to the restaurant location
• College students that go to colleges near to the restaurant location
• Tend to appreciate presentation of the food
• Prefer healthy food due to health concerns
• Vegetarians
• Non-vegetarians
• Targeted population is estimated 38000
Political
Political situation of the country should be stable. If the situation is not stable, the
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If the situation is not stable, the restaurant may have to face lose in the revenue. For instance, if the government imposes tax, it will affect the revenue of the restaurant.
Economic
Rate of economy affects the price of the product and the purchasing power of the consumers.
Social
This refers to the social environment of the market. In the case of
Wing Zone, family halls should be available for larger families.
Technological
Technology that affects the operations of Wing Zone. This includes the technology used in promoting the business.
Market Needs
Wing Zone seeks to provide maximum benefits to their customers such as the following:
Selection
A wide range of foods such as rice, pasta, beef, chicken, vegetables, salads and drinks.
The risks of failure can come from many different reasons, such as “changing demographics, accommodating the unrealized demand for new services and products, market consolidation to gain market share in selected regions, and realignment of the product portfolio that requires selected unit closures” (Parsa, Self, Njite, & King, 2005). The ever-shifting trends can also be a risk to a restaurant if the trends move away from the concept of the restaurant. Market saturation of restaurants can also be detrimental to a business, if there are too many business’s in the area serving the same style menu as you, then you could lose out on a lot of potential customers in the slew of competition (Scott, ). Poor management is another reason a new restaurant can fail. This includes poor planning of labor and ordering of inventory.
Introduction I. (Attention Getter) Video II. (Relevancy Statement)- Haiti located in the subtropics on the western third of Hispaniola, the second largest island in the Caribbean, which it shares with Dominican Republic, our neighbor islands include Cuba, Jamaica, and Puerto Rico. III. (Credibility Statement) - My family are from Haiti, I was born there then moved here with my mother when I was 11.
This concept is now one of the most popular for a preferred dining experience, and new entrants are eyeing the market on how to enter, and existing restaurant titans are figuring out how to compete with these new disruptors. Some entrants into this segment have
Just like any other organization, chick-fil-A is greatly affected by the external environment of the business. Often, the external environment is made up of all outside factors and influences that affect the way an organization conducts its daily operation. It is worth noting that an organization has no influence over its external factors and thus, it has to re-engineer and redefine its process, products and services to work under the influence of the external environment. Below are some of the external factors that affect Chick-fil-A. Consumer income Consumer income is in the wider field of economic factors that affect the sales level of the enterprise. Consumers with high income are likely to possess the power and the ability to purchase products from the company in large quantities.
- Limit saturated fats — fats that mainly come from animal sources of food, such as red meat, poultry and full-fat dairy products. Look for ways to replace saturated fats with vegetable and nut oils, which provide essential fatty acids and vitamin E. Healthier fats are also naturally present in olives, nuts, avocados and seafood. Limit trans fats by avoiding foods that contain partially hydrogenated oil. - Chilled food, ready meals and take-away meals as they are high in salt and fat. - Crisps and savory snacks as these are very high in salt content and are not nutritious.
They have a lot of food like seafood,meats,vegetables,fruits,
If the economy is flourishing, it tends to increase the purchasing power of the individuals and it is likely that customers will be purchasing new, perhaps more expensive cars on a regular basis. Hence, the premiums and payments would increase. So when the economy is thriving, customers are likely to have more of disposable income which they are willing to spend on the leisure activities
Vegetables that are dark green, starchy vegetables red and orange vegetables. Fruits that are fresh canned, frozen and in dried forms are in the fruit groups. Foods in the dairy group made from milk contains calcium which keep our bones healthy, the best choice should be fat-free or low-fat. Such as yogurt, natural cheese, and milk. (U.S department of Agriculture,
Political Forces: The political stability is very important for the business to grow and last, according to that if the business has been operated in a politically unstable area, or in a country that is under a threat of wars that will lead to a loss for the business. Politics and governmental interferes is an important issue that is facing businesses and became a barrier in many situations. GAP Inc.
In today world of intense competitive marketing decisions often become vital distinguishing factors between industry leaders and other market players. The strategic marketing decision is taken based on their marketing mix i.e. 4 P'S of marketing. Controlling these parameters, companies may consider various internal and external marketing challenges. The marketing mix of the firm in a large part is the product of evolution that comes from day to day marketing, the mix represents the program that a management evolved in the ever challenging market (Bordern, 1994). This paper will study the world -known and reputable airline company, Delta Airlines to approach the context of marketing of the U.S Airline Industry.
Next, the three crucial economic factors that affect the company include inflation, recession and currency. As Apple products are commonly viewed as luxury products, and with inflation and
Topic Page No. 1. Introduction 3 2. Domino’s Market In India 4 3.
Introduction The restaurant industry in the United States had annual sales of $ 631.8 billion and employs 12.9 million people in 2012. Even in times of recession there is little evidence that this industry has seen a decline especially in its fast food and quick service segment. But with a depressed economy with no immediate upward trend in the near future, majority of the customers indicated that they would either curtail their spending on eating or best maintain its current level which is certainly going to affect the future of many restaurants in the industry. Chipotle is part of the fast casual segment of the U.S industry with over 1,600 restaurants.
Francis Aguilar (1967) is the first known reference to the origin of the PESTEL analysis. In his study known as Scanning the Business Environment, he studied the environmental factors that affect business environment and come up with the first acronym ‘ETPS’ which meant the Economic, Technical, Political and social factors (Aguilar, 1967). Later Arnold Brown (1967) focused on the study and came up with a new perspective towards the study of social-technical, economic, political, and ecological (STEPE) factors. In 1980, Porter among other authors scanned the business environment and came up with the current acronym PESTEL meaning political, economic, social, technological, legal, and environmental factors (FME, 2013). According to Collins (1997),
The elements cannot be controlled, their effects can be diminished with careful preparation and anticipation (Lewis, 2017). These external dynamics cannot be underestimated, overlooked, or avoided as laws, policy, and regulations change, the economy fluctuates and disposable income varies, and societal views continue to evolve around the globe. These external factors can be mitigated to limit their impact within an organization to some degree by comprehensive strategic forecasting and flexibility. Therefore, let’s take a closer look at some of the political factors impacting the hospitality industry.