Contact Us
Sign In / Sign Up for FREE
Go to advanced search...


Comments (0) Cite this document
As our restaurants and hotels business is basically located in the center of the city, potential clients who visit the seaside attractions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Read TextPreview


Download file to see previous pages The office is small as it was the starting point of the business. The company had been trying to find a way to explore the potential clients at the sea side, but had been reluctant to work on a business plan or business strategy due to the presence of a huge number and variety of competitors already operating in that set up. Instead they have been focusing on building a brand name and customer loyalty through exceptional customer care. Due to this strategy the company had been fast in reaching their annual profit goal, in fact they have exceeded it. So, the board has decided that it is time to step in this potential market. The company’s resorts are already present there and are flourishing but research has shown that a small restaurant will attract a lot of foreign tourists and who could say no to a side profit. A business plan has already been made and approved, this plan includes financial planning, restaurant market research, cash flow forecast, competitor’s analysis, human resource planning and a marketing plan.
More than 70% of our surveyed foreigners focus group deduced having a liking to eat their homelands native food rather than trying new things even in foreign land. Due to already being able to deal with a lot of tourists our chefs are already specialized in foreign cuisine. This is a strength as compare to the potential competitors. Client satisfaction with services and the main menu has been and keeps on being of most extreme significance, yet our discoveries demonstrate that the lighting, bar, decor, and different alternatives to enhance the feasting experience are additionally figures in client choices and tourists are mainly attracted to such places.
Cash flow for the next two year has been prepared starting from a huge outflow in the first three months in the preparation and setting up of the restaurant. Starting from cleaning of the already present ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Operations Management translated into quality products at low prices. ERP system is aimed at achieving operational excellence and hence its effective implementation will add to value to overall organization. The realisation of this by the whole organization will facilitate the change and hence result in success. Lewin’s 3 stage model: This model suggests a 3 stage process of unfreezing, changing and re-freezing to successfully implement organizational change. The unfreezing stage involves the creation of conditions that are right for the change to occur. Employees must be moved from the comfortable zone to a zone where they are ready for change and not attached to the previous model. In the transition or the changing stage,...
5 Pages(1250 words)Coursework

Operations management

...? Operations Management Tokundu Airport Case Operations ManagementOperations Management is the study of organizational processes that transform inputs into finished goods and services. The primary goals of this course are (1) To gain insight as to the nature of operational issues and problems; (2) To create guidelines for sound tactical and strategic operational decisions; (3) To provide a framework necessary for managing the operations of an organization; (4) To build good critical-thinking skills” (Eldersveld, 2006). The basic issue that operations...
6 Pages(1500 words)Essay

Operations Management

...: Operations management that is based on strategies that are aligned to organizational goals is always successful. At Green Life Inc, the essence of operations management is derived from operations effectiveness, customer management and product innovation. These strategies provide sustainable competitive advantage to the organization, which continuously adds value to the business in making profits. Approaches and practices such as strong customer/supplier relationships, TQM, employee training, and product innovation lay strong foundations to effective operations management. Customer and...
10 Pages(2500 words)Essay

Operations Management

...? Operations Management ID The Main Objective Fiat Intends To Achieve By Building the New Production Plant in Melfi Throughout the 1980s, the plant experienced a number of issues that almost paralyzed the firm; ranging from low quality products, significant fall in productivity levels and unending industrial conflicts. Building the new firm in Melfi the firm seeks to correct the mention problems. Fiat management visualizes the project as a designed test backed up by agreements preventing the organization through the use of unions to educate employees. The project targets the main employees representing the backbone of the organization. The employees would be subjected to training in the...
8 Pages(2000 words)Essay

Financial Management Foundations

.... Today, however due to the opportunistic gains associated with some of these instruments, some firms do not only use it as a risk minimization strategy, but however as an investment. The various instruments are examined, followed by their uses which include raising capital, risk reduction, and to take advantage of arbitrage pricing. 1.0 Introduction Capital management is essential in that it has an effect on a firm's risk and profitability as well as the firm's value. (Garcia-Terul and Martinez-Solano, 2000: p. 164). Investments in working capital constitute a tradeoff between risk and profitability because decisions that increase profitability also increase risk and vice versa. This is...
6 Pages(1500 words)Essay

Operations And Operations Management take actions, taking benefits of their additional precise awareness of the customer and market inclinations, importance given to employees from technical proficiency, and pulling down the organisation to go faster in decision-making. During conversion of organisation 's resources into services or goods, the occupied Operations manager must create the hardest options. It is most frequently the manager's judgment to modify a procedure that puts the jobs of a group of employees at danger because employees may not have the systematic skills to job successfully in the fresh progression. And it is the Operation manager's accountability to converse with...
14 Pages(3500 words)Essay

Operations management

...Operational Management 11/14 Table Of Contents Introduction to Operation management and its historical evolution; 3 2.Major Functional Areas of Organization; 4 i.Finance; 4 ii.Marketing; 4 iii.Operations; 4 3.Interrelation of major functional areas; 4 4.Management and its major aspects; 5 5.Function and nature and Key aspects of operations; 5 6.Current Trends in business’s operations management; 5 Hypothetical Analysis Report Of Operations Management: 6 Introduction: 6 Summary; 6 Analysis 7 K&N CORPORATION (Proposed) Mission; 9 Must win Battles to attain proposed...
10 Pages(2500 words)Essay

Foundations in Strategic Management

...Foundations in Strategic Management The future of a business organization relies on the strategic management actions and decisions taken (Harrison, et al, 2010). Effective strategies can see a firm rise or fall and the managers, therefore, have to pay keen attention to issues and challenges that revolve around the particular company. Based on the description given in the case study, it is faced with several strategic challenges that are worth analyzing. Part One: Strategic Issues There are different issues that the strategic management team of Hikma has to deal with if success is to be anticipated. First, culture modification is a key expansion of Hikma...
3 Pages(750 words)Case Study

The Transformation Process of Product Design and Development

...Limited. Leenders, M. R., Fearon, H. E., Flynn, A. and Johnson, P. F., 2001. Purchasing and supply management. New York: McGraw-Hill. Ritzman, L. P., Krajewski, L. J. and Klassen, R. D., 2004. Foundations of operations management. Toronto.: Pearson Prentice Hall. Roth, A. V. and Menor, L. J., 2003. Insights into service operations management: a research agenda. Production and Operations management, 12(2), pp. 145-164. Russell, R. S. and Taylor, B. W., 2000. Operations management: multimedia version. Boston: Allyn & Bacon. Shah, R. and Goldstein, S. M., 2006....
8 Pages(2000 words)Coursework

Foundations of Risk Management

... communication is done. Conclusion Cybercrime is a challenge that is just starting and it is best we become prepared than sit and wait until it destroys us. It is not a onetime event but it is always one step at a time for one to be successful. REFERENCES 1)Harris, Peter. "The Looming Danger." How to Curb Cyber Security (2013): 45. 2) Huffman, Martin. "Risk Management." Risk Management in the 21st Century (2014): 117. 3) Joseph, Mercy. "The Next Battlezone." The internet effect (2012): 39.... CYBER SECURITY Introduction The research paper will be oncyber security and how it poses to be a huge risk now and the next decade. It has focused on the factors that make cybercrime thrive and how it can be mitigated. With the world of technology chang...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic FOUNDATIONS OF OPERATIONS MANAGEMENT for FREE!

Contact Us