Preview

Operational Improvement for Costa Coffee Shop

Powerful Essays
Open Document
Open Document
2056 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Operational Improvement for Costa Coffee Shop
Operational Improvement for Costa Coffee Shop
| |

Operational Improvement for Costa Coffee Shop Introduction
Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1). In this context, it is important to analyze the role of quality practices that can enable Costa Coffee Shop to pursue competitive priorities, such as flexibility and quality of services and goods. Andreichuk (1992) stated, "It's a common misconception that big firms with extensive human and financial resources can do a better job of educating and motivating their workers to make quality improvements. The truth is that smaller companies can be even more successful at soliciting employee support and involvement because there are fewer management layers to permeate and fewer people to convince of the benefits" (p.29).
Higgins (1994) suggests that there are specific transactions or activities that are involved in managing operations in small businesses. The process of managing a business consists of four major functions occurring in an overlapping cycle and directed toward achieving the particular organization's objectives. These functions are planning, organizing, leading and controlling. Planning entails setting objectives; organizing encompasses preparation of resources necessary for placing the plans into effect; leading is the function of channeling employees' and other individuals' behavior to accomplish objectives; and controlling

You May Also Find These Documents Helpful

  • Better Essays

    Katz, J., & Richard, G. (2011). Entrepreneurial Small Business. In Entrepreneurial Small Business (pp. C-6 - C-8). New York : McGraw-Hill Irwin.…

    • 1280 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Ohori uses quality over quantity for a more expensive price. Folgers takes their stance in the market place as the cheaper coffee with fewer options and not as high quality. If Folgers wants to compete directly with Ohori, which I recommend they do to increase sales, they have three possible options. The first being, they increase the quality of their coffee and create more options of coffee types. The downside to this is that they will have to price their coffee at a higher rate because of production costs. Alongside the promotion of Folger’s enhanced roasting process for its Classic products, option one will can increase their sales due to customers positively reacting to the different coffee options and the higher quality. However, this option can cause a decrease in sales because customers do not want to pay the new high price.…

    • 466 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Small businesses are leaders in innovation and drivers of the economy. Small businesses hold more patents than all of the nation’s universities and largest corporations combined, and create two thirds of all private sector jobs, employing half of all working Americans.…

    • 8937 Words
    • 36 Pages
    Powerful Essays
  • Better Essays

    Netflix Company Analysis

    • 3520 Words
    • 15 Pages

    References: Blackburn, R.A. (1996) ‘The Future of the Small Firm in the UK Economy’, the Third Midland Bank Lecture, delivered at Kingston University, July.…

    • 3520 Words
    • 15 Pages
    Better Essays
  • Powerful Essays

    This report is submitted on behalf of the marketing plan for a franchise branch of Costa Coffee located Ealing Broadway in West London of United Kingdom Costa coffee has a fabulous history to be poured in each cup of tea which is served to the customers.…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Entrepreneurs are a main force that propel private enterprise. Entrepreneurs possess the desire to start a business despite the risks involved, “An entrepreneur is someone who sees a potentially profitable opportunity and then devises a plan to achieve success in the marketplace and earn those profits” (Kurtz). The private enterprise system would not function correctly if not for the entrepreneurs that pressure previous companies to compete for customers. Entrepreneurship is also a vital part of the free enterprise system because it creates job opportunities, “Every year, they create more than one of every five new jobs in the economy.” (Kurtz) The new start up companies also create more jobs by allowing business owners to be self employed. New technology and innovations are often produced by these companies the most in areas that are new and have a low level of competition. Because of their limited resources, small businesses…

    • 1041 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Companies which do not have possibilities for becoming leaders in a market must concentrate their efforts on some sector and strive for gaining more advantages with reference to competitors. Large companies become successful with big market share, as well as relatively small companies with narrow specialization. A tendency of small companies to behave the way large companies do regardless their real possibilities, will lead to the loss of competitive advantages. Small companies must follow the rule in order to achieve success: Segment the market. Shrink productive programme. Achieve…

    • 404 Words
    • 2 Pages
    Good Essays
  • Best Essays

    A small business is defined by its size, that fact that it is independently owned and controlled by the owner, and where the owner-manager is the decision maker for all critical management decisions, who also takes the responsibility to carry the risk involved in the venture (Peacock, 2004). Small businesses range from individual- or family-owned retail outlets to specialised technical consultancies (ABS, 2013), and account for around 96% of all business in…

    • 2526 Words
    • 8 Pages
    Best Essays
  • Satisfactory Essays

    • GOOD LUCK, GUYS! CASE SUMMARY CORE COMPETENCE DARI STARBUCKS MEMANFAATKAN STRATEGI DIFERENSIASI PRODUK DENGAN MENAWARKAN CAMPURAN PRODUK PREMIUM MINUMAN BERKUALITAS TINGGI DAN MAKANAN RINGAN. EKUITAS MEREK STARBUCKS DIBANGUN PADA PENJUALAN KUALITAS KOPI TERBAIK DAN PRODUK TERKAIT, DAN DENGAN MEMBERIKAN SETIAP PELANGGAN UNIK "STARBUCKS EXPERIENCE", YANG BERASAL DARI LAYANAN PELANGGAN TERTINGGI, BERSIH DAN…

    • 1166 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Planning, organizing, controlling, and leading are all functions of management. Planning is the function of management that involves creating objectives and determining a course of action for achieving them. Organizing involves developing an organizational structure and gathering human resources to guarantee the accomplishment of objectives. Controlling ensures that performance does not diverge from standards. And finally, leading involves both social and informal sources of influence that a person can use to encourage action taken by others.…

    • 1410 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Hrm Essay

    • 2145 Words
    • 9 Pages

    You, as a small and medium business owner (directors or management leaders) are responsible for continuously indicating and communicating business objectives to all employees in the business. You must also create conditions for professionals and staff working for these goals by building the system in the company: work rules, salary system, and evaluation methods work effectively and measures to reward and discipline.…

    • 2145 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Every company implements its own concepts and ideas to ensure the successful progression and continuous success within their company or business. The managers and key leaders must have certain routines and managerial skills that are proven to be reliable as resources to ensure these successes. To meet the challenges of today’s demanding business world, managers and key leaders use the four functions of business: planning, organizing, leading, and controlling.…

    • 946 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Small Business Dissertation

    • 17631 Words
    • 71 Pages

    Small enterprises are facing significant challenges to sustain their business growth due to the limited resources, inexperienced management, and lack of financial stability, micro and small businesses suffer relatively…

    • 17631 Words
    • 71 Pages
    Good Essays
  • Powerful Essays

    In the present time, while the world is sheltered of the creepy financial crisis, SMEs is one of the main sectors stimulating the economy out of the recession. In the UK economy, they accounted for 99% of all enterprises and provide over 59% of private sector employment (BERR, 2008). Meanwhile, the globalization of the markets requires the revolution of companies to survive, even SMEs have to introduce new products of higher quality and gain competitive advantage of new technology. Innovation is a difficult undertaking, especially for businesses with small experience and limited resources (Herstatt et al. 2008). Tiwari and Buse (2007) recognise that, Innovative ideas and products are playing increasingly important role responding to the price oriented competition from low-cost producers from emerging economies, on home turf and abroad. On this crucial score, however, SMEs often find themselves confronted with a number of barriers to innovation which hinder their capacity to invent and successfully commercialize new products, services or processes, see e.g. Herstatt et al. (2008).…

    • 3797 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    There is a growing recognition of the vital role micro-scale companies otherwise known as small and medium scale enterprises (SMEs) play in economic development. They are often described as job creators, the seeds which grow into big businesses and the fuel of national economic engines. Even in the developed industrial economies, micro-scale companies are very common and numerous and are the largest source of employment. It is therefore of no surprise that interest in the role they play continues to be in the fore-front of policy debates in most countries. Governments at all levels have undertaken initiatives to promote their growth.…

    • 402 Words
    • 2 Pages
    Good Essays