Tips for Managing Your Restaurant's Grand Opening (-- removed HTML --) Tips for Managing Your Restaurant's Grand Opening (-- removed HTML --) Subhead: your opening strategy generates repeat business [First image: https://www.pexels.com/photo/black-welcome-signage-under-pendant-lamp-photography-810041/] The grand opening of your restaurant - especially if it’s a relatively upscale operation - could be more important than you think. Most restaurateurs feel that they can correct problems as they go, and that’s true to some extent. However, if you publicize a grand opening event that’s disorganized, understaffed and disappointing, you might lose that critical benefit of making a good impression. If your opening is successful, you can capitalize on your success by attracting lots of referrals and repeat business. The critical aspects of managing your restaurant’s opening are…show more content… You’ll always have a copy of every order and sale to compare with the day’s receipts. You’ll also be able to track sales by time of day, type of foods and other criteria, which is valuable intelligence. About 80 percent of today’s restaurant now use technology applications such as CRM and ERP software, and many also employ online ordering and reservation-making systems according to (-- removed HTML --) Upserve.com marketing statistics. (-- removed HTML --) Around 49 percent of all restaurants offer mobile payment options, so a POS system is essential if you don’t want to lose business from the majority of customers who use plastic. Try to (-- removed HTML --) enlist your employees (-- removed HTML --) in your opening’s success by encouraging their pride with pictures, biographies and competitions. Be sure to train them thoroughly, give them the tools they need to succeed and praise them well when they do a good
Organization This case study identified many strengths Panera Bread has including those dating back to Au Bon Pain Company; however, this section will only identify those strengths associated with the current position of Panera Bread Company. First and foremost is customer service. The company has been awarded with two major customer service awards including the J.D. Power and Associates’ restaurant satisfaction study which ‘‘ranked Panera Bread highest among quick-service restaurants in the Midwest…
Introduction: As of today, restaurants face tough competition due to constant change in the tastes of people and due to the increasing number of eating outlets. However, not all of them start with a big capital and are usually small at the start but later on they expand if they keep up to the demand of the people. Similarly, P.F. Chang, started in the year 1993, in Arizona with a limited menu and much fewer dishes as compared to today (http://www.fundinguniverse.com/company-histories/P-F-Changs-China-Bistro-Inc-Company-History…
McDonald’s and Its Critics: 1973–2009 is the most influential case study written about the McDonald which makes the readers aware of the reasons and strategies behind the success of the McDonald, even with the criticism McDonald faced throughout the history of its existence. This case study analyzes the strategic initiative taken by each CEO and assessment of these initiatives. Ray Kroc, 1955–1973 Ray Kroc founded McDonald’s Corporation in 1955. He bought the rights from MacDonald’s brothers to…
Strategic Hospitality Management A case analysis of Dunkin’ Donuts with a focus on tools available for strategic planning. April 2013 Abstract The following essay is based on the Quick Service Restaurants brand (QSR)- Dunkin’ Donuts. The company has been studied and a case study regarding the growth of the company from 1950 till today has been studied. Growth strategies of the company have been used to understand how they reached the position of America’s largest QSR. The Legal, Moral and…
CASE STUDIES KFC Case Study Addressing recessionary challenges by focusing on health and value Reference Code: CSCM0271 Publication Date: September 2009 DATAMONITOR VIEW CATALYST This case study focuses on KFC, a division of Yum! Brands, and how the fast food company is attempting to encourage growth during the recession. The company has in particular focused on value meals to enhance customer numbers, while health and environmental initiatives are designed to encourage new customers through…
persistent. When organizing a business, the best results come when you have an organized team. Having an excellent group of people around you can be a very important to the overall success of the business and its future. This can be illustrated in an case study written by Shelley Morissette and Louise Hatfield, in which they discuss the journey to success for Batter Blaster. Sean O’Connor, the inventor of Batter Blaster, truly was not able to fully put together his dream without the help of his team. They…
Panera Bread Case Study Panera Bread is a company that began in 1981. Since then, the restaurant has expanded and became a clear leader of the fast, but casual segment in the restaurant industry. The company’s main strength is that it is a well-recognized brand throughout the United States and Canada. Panera Bread is known for having fresh baked breads that are made from quality ingredients. The company’s food is high-quality but they are able to keep prices that represent a good value. Another key…
Case Study #2- Panera Bread Sarah Helm 1. The strategy of Panera is to aggressively expand their market presence and they aiming to do this through the quality of the dining experience. The generic strategy that fits most closely with the 5 generic competitive strategies is the broad differentiation strategy. This type of strategy seeks to differentiate the company’s product offerings from competitors. They try to do this by offering superior attributes the products that appeal to a broad group…
Creating a Restaurant Business Plan A business plan is essential for most new businesses seeking any kind of financing. It is absolutely imperative for a prospective restaurateur. By creating a restaurant business plan, you do two things: • You show the bank you have a clear and concise plan for getting your restaurant up and running. • You will learn about all the different parts of restauranting, as well as your local competition and the local market. A business plan is especially helpful…
Introduction The McDonald’s Restaurant story began in 1954, when a self-employed salesman named Raymond Kroc sold a popular milkshake mixer in Southern California, thus since then the company contains over 30’000 quick-service outlets in 122 countries around the world. As the company began to be a big success around the world, Mr. Urs Hammer, CEO of McDonald’s Switzerland got the green light from the executive board of Chicago to open a Hotel, in Zurich. Hence, the Golden Arch Hotel opened its…
