Preview

Key Resources and Key Activities

Satisfactory Essays
Open Document
Open Document
465 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Key Resources and Key Activities
Key Resources
As a matter of fact every business model requires Key Resources. These resources allow us to create and offer Value Proposition –(___), match customers’ expectations, build and maintain relationships with Customer Segments and ,of course, earn revenue. Our business model is based on physical, financial and human key resources.
1. Physical
Regardless of the availability of large space and using modern techniques, our major asset is bar inventory which is the crucial component of running a successful bar .However, most people even don’t do inventory that cause about 23% of shrinkage in the industry. To overcome this situation we will use unprecedented app “Partender” that will help to make an exhaustive analysis of our alcohol and cigarettes supplies. Most objective advantages: constant availability of all types of alcohol for our customers, no cheating and hence no cheap selling because of checking number of bottles, theirs volume and so on.
2. Human
To make our bar more attractive for customers we will employ experienced workers with high level of salaries as well as encourage good workers through bonuses. Our target is to build close relationship with people and make them part of our place; we will also try to be attentive to all their wants and needs. In fact, we will make barriers to teenagers under 18 if they want to buy alcohol drinks.
3. Financial
The main goal of the financial aspect is making process of payment as easy as possible, it means the using of modern payment system with short loadings. It goes without saying that we will offer sales for students along with “free-days” for ladies. Our price policy will not be high, however high quality causes high price. We will implement most common marketing leverages such as higher prices on popular drinks in conjunction with sales on them or artificially increase demand of unclaimed alcohol.
Key Activities
Key activities describe the most important things company has to do to make its

You May Also Find These Documents Helpful

  • Satisfactory Essays

    caso 3 harley davison

    • 337 Words
    • 2 Pages

    As we have already mentioned, the main resources are classified as intangible resources which makes it more valuable and in this case consist of the reputation of the company.…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Yet is not usually available in bars and club’s to appeal to the younger market. This escalating trend of Bar’s and clubs becoming the main source of buying from customers, potentially the beer market is becoming less available and less appealing to the younger market, spirits and such are increasinlgly becoming the main choice for the majority of today’s alcoholic drinkers. ‘insert some evidence here’…

    • 922 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Is3110 Week4 Lab1

    • 569 Words
    • 2 Pages

    To identify which business units, operations, and processes are crucial to the survival of the business.…

    • 569 Words
    • 2 Pages
    Powerful Essays
  • Powerful Essays

    cherns sourcing

    • 5075 Words
    • 21 Pages

    The Brewery is a brand all about lifestyle, and we know how important it is to promote the brand in a way that screams hip, vibrant, and now. The target market at The Brewery is people between the ages of 21 and 35. The Brewery is a company, concerned with the upper level and post college market, with the intent of attracting a following of people who will be committed to the brand throughout their…

    • 5075 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    HAPPINESS

    • 838 Words
    • 7 Pages

    2. Your company is currently faced with a labor shortage. You need to correct the situation, but…

    • 838 Words
    • 7 Pages
    Satisfactory Essays
  • Better Essays

    business model 1

    • 844 Words
    • 4 Pages

    While business models can be complex and unique, a basic understanding and definition of a business model is important for success. To simplify the complexities of defining a business model, one can view customer segments, value propositions, channesl, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure as the nine basic building blocks of a business model (Osterwalder & Pigneur, 2010, p.16-17). Each of these segments are subcategories that are essential in building an effective business model which is adequately defined and ready for implementation.…

    • 844 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Cert iv business admin

    • 276 Words
    • 2 Pages

    An organisation is unable to build a good team of working people without good resources. Resources enables a high quality, on budget, time our stakeholders and customers. All this helps organising and managing suppliers, with relevant knowledge and training having correct development facilities will help meet commitments.…

    • 276 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    “Resources are the productive assets owned by the firm.” (Grant, 2005) There are three types of resource: Tangible, Intangible and Human resource.…

    • 2572 Words
    • 11 Pages
    Best Essays
  • Good Essays

    According to the resource-based theory of a firm, there are two characteristics that resources must have to maintain sustainability of the firm’s competitive advantage:…

    • 1264 Words
    • 6 Pages
    Good Essays
  • Good Essays

    In order to get a deeper understanding of the concept resources, a definition can shed some light on this matter. While a variety of definitions of the term resources have been suggested in the literature of resources, this paper introduces the definition first suggested by Teece et al. (1997) who determined resources as ‘firm – specific assets that are difficult if not impossible to imitate’. In comparison to Teece, Barney (1991) describes resources differently. He describes resources as it ‘includes all assets, capabilities, organizational processes, firm attributes, information, knowledge etc. controlled by a firm that enable the firm to conceive of and implement strategies that improve its efficiency and effectiveness’.…

    • 988 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A business model is made of four elements which are more or less related to each other. The first of the four is customer value proposition, the total benefit that can be generated from the customer from his total life time. If a company aspires to be successful then it must find a way of delivering value to the customers better than the competitors. Creating value is essential but it is not the only the company needs to do; a company must create value to the customers making a profit in order to be successful. Company also need key resources like human resource, technology, equipment, etc. in order to deliver the value. Proper process must be established so that they are able to deliver the value in a cost efficient way.…

    • 844 Words
    • 2 Pages
    Good Essays
  • Good Essays

    To focus on the specific contents of core competence, the idea of “resource based view” (1990) is helpful to recognize what will be resource of core competence. The firm resources are classified in to three categories as physical capital resources, human capital resources, and organizational capital resources. These resources can be firm’s competitive advantage as valuable, unique, inimitable and sustainable.…

    • 946 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Creating customers at the bar that appear ordinary and familiar causes the reader to be able to relate more to them and the situation that they are in.…

    • 927 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    At first a past television advertisement of Eastern Bank Ltd NRB TVC 2009 is considered to be analyzed.…

    • 879 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The Bartender

    • 2218 Words
    • 9 Pages

    Most bartenders are never formally trained. But each of them has different skills and attributes that are uniquely transparent to others. Skills like creativity, showmanship or execution and knowledge in Mixology which makes them productive in accomplishing their work with a minimum expenditure of their time and effort. On the hand, attributes like communication skills, personal hygiene and personal etiquette would enable them to produce the intended or expected result of work to be able to get the confidence of their customers. The “central figure” The bartender (Tomas, 2004). The figure is usually one of the best friends and commonly serves as the public image of the bar they tend, contributing to as well as reflecting the atmosphere of the establishment but they vary in skills and attributes they acquired.…

    • 2218 Words
    • 9 Pages
    Powerful Essays