Section 4 Findings and recommendations (a) Evaluate the effectiveness of the revenue cycle McDonald’s is apparently one of the biggest giants in the fast food industry, and this role simply proves that they did really well in their internal management. Therefore, we are going to evaluate the effectiveness of McDonald’s in term of revenue cycle. Initially, there is a lists of complaints available online about McDonald’s, as the accuracy of ordering process should be improve due to employees often process incorrect orders or even misplace the customer orders.
What are Trader Joe’s core competencies? Well I can give you three points why Trader Joe’s is one of the leading competitors in the retail industry. One of the core competency is that they offer value in their products with reasonable prices. Not to mention that most of their products are innovative and unique compared to the other retail stores, they also sell organic vegetables and meats for consumers who concerned about their health.
The government shouldn’t be trying to control what we eat, but they should instead be giving us a healthier, affordable alternative. It’s not okay that we lack healthier alternatives, nor is it okay that we lack information about what we’re consuming, but it is definitely not okay us to look at everything possible to blame without even looking at
McDonald’s has aligned its strategies in business, human resources, and staffing by putting people first, and making all people their most important asset. They offer competitive pay and benefits, in addition to rewards and recognition, to their employees. McDonald’s offers quality products and value to their customers from the workers they offer benefits to. Employees tend to reflect how they feel about their job to their services of the consumers. Thus, happy employees tend to lead to happy consumers.
They also have to worry about rival companies copying what they offer and taking some of the market share away from them. Like if Starbucks ever started offering subs to their customers Panera could be in trouble. 3 KEY STRATEGIC SUCCESS FACTORS OF PANERA 1. The most important strategic factor of success for Panera’s is their unique healthy menu that ranges from breakfast, to lunch, and dinner. By offering such a diverse array of healthy products Panera has been able to grab a large market share within their niche market.
When it comes to the fast food industry which Chipotle plays a part in, Customer Power is a very important aspect of the industry. If customer power is strong, the customer has the power to set the price to what they would like to pay for the product. Customers in the fast food industry demand an experience which is unique and they also demand high quality food. They have the mentality of the customer is always right. This is why when setting prices Chipotle and other restaurants have to be
Motivation is essential for a group as well as an organization. In the eyes of the leader of organization McDonald’s, authorizing and inspiring staff members to do the best in their job and they’re capable of helps create job satisfaction, lowering gross revenue in an industry that has a standing for stimulating its employees. In addition, a glad, stable workforce not just conveys better customer service; it is likewise more compelling at building deals and attracting repeat business. There are five concentrate benefits of employee motivation which Mc Donald’s approached at: 1. Improved Productivity 2.
A customer’s first impression of a restaurant stems from the atmosphere and the service and these are critical items in getting a first time customer to become a regular. Ensuring that this newly available time is focused on ensuring that the processes relating to those two items are efficient can help to ensure business continuity. This also means; increased demand, increased productivity and overall improvement in the restaurant’s efficiency which would lead to increase revenues, and service quality. There are always a flip side to every new venture and outsourcing is not any different as there are disadvantages that are faced by restaurants. The key disadvantage is that it becomes difficult to ensure that the quality of the food provided meets the standards of the restaurants.
Legal authorizations and permissions should be essential if any activity in the project requires. Empire College London wants a memorable convocation and outing event for two days in which all the college students, parents and respected guests are invited, so it is important for the McDonalds to arrange a grand event. Everyone should feel so relax and satisfied in the event. Meanwhile, the catering company gets an opportunity to make reputation and connections in the market for the future benefits. The successful completion of the project will opens the new horizon for the company in the
The relative abundance of materials like flour and meat reduces suppliers’ influence on McDonald’s. There is no need to anything about it (GREGORY, 2015) Reason behind threat of substitutes or substitution being a strong threat • High substitute availability (strong force) There are many substitutes to McDonald’s products, such as products from artisanal food producers and local bakeries. Consumers can also cook their food at home. • Low switching costs (strong force)
In world the food industry is marked as great diversity and variety in terms of both presentation and flavor. For a country’s economic development an important role is played by the food industry of that country. One of the greatest food industries is Publix and I am so great full to be part of it. While working at Publix I discovered that how people and food are connected. And working as a clerk at Publix I contribute to people and food connection by making sure there is no unsafe food, check expiry date of a product, broken lid etc.
To begin, Whole Foods builds human and social capital by admiring their employee’s cognition and admiring their employee’s relationships with their peers and supervisors. The meaning of human capital is the conceivable knowledge and actions of human beings (Kreitner & Kinicki, 2013). Whole Food’s displays an excellent job of displaying human capital by hiring individual’s that will provide their knowledge drive the company in the direction it needs to go. Employee cognition in any business is important for the company’s growth (Coff & Raffiee, 2015). Whole foods emphasize dexterous conception for employees, customers, and the environment, which in return, leads to their high profitable business (Cheretis &Mujtaba, 2014).
The main areas that the firm concentrates on are quality output, excellent standards for food retailers, high-quality standards in all areas of operations and a quality state of mind. We can, therefore, conclude that Whole Foods Markets mission statement emphasizes on the organizational output, and therefore, they have quality products. They also focus on the industry and positioning of the market. These values set the standards of quality and excellence. The company also emphasizes on organizational culture and its customer 's health, and these values make the organization’s state of
Chipotle Mexican Grill has become a giant in the world of fast food/sit down restaurants with its unique food and its incorporated supply chain, with over 1,900 locations. As a focal point the restaurant has emphasized its ability to include quality ingredients from local producers on their available menu. Some of these ingredients include fresh vegetables, herbs, spices and naturally raised meat. They have used local sourcing for most of these products but have still used certain big name countrywide suppliers for some of their product. The roughly 100 suppliers for its 64 ingredients that deliver their purchased items however, don’t include local farms.