The Lodge Bistro Chain The Lodge Bistro chain started out as something a bit different. This difference has enabled The Lodge to expand and become a successful chain of Bistros. However as time has gone on Bistros and outlets selling food have become more and more common. There are food outlets everywhere‚ all competing for custom and trying to be a little different to their rivals. The format of a French bistro has been replicated by many eating establishments and a large multinational chain
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TMA 03 TMA 3 1a. Profit and Loss account A profit and loss account is intended to show a business its income and expenditures and calculate the company’s net profit or loss based upon the difference between those figures. It is extremely useful in determining past performance and to try and predict future results. It enables a business to see what changes could make to improve on its profit. It also give enough information to help a business to set targets. We can learn more from the
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Designer Labels It was 15 May 2012 and Kathryn Albeit had just received an offer of £1 million for her retail stores business. The offer was tempting‚ especially in light of the heavy workload she was carrying and the increased pressures from her family responsibilities. She was unsure whether now was the time to sell and whether the price offered was reasonable. Kathryn was sitting in her office contemplating her business’s future. Designer Labels (which Kathryn ran as a Sole Trader) was a chain
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Attn : Patricia Lodge Having reviewed the Lodge Bistro and the state it is in‚ I have identified several areas of concern that management may wish address. I have used a STEEP analysis (Preston‚ 2012) to identify the Sociological‚ Technological‚ Economical‚ Environmental and Political factors that are currently negatively impacting the business. By using this method‚ Patricia can gain a better understanding of the challenges she faces before deciding on a corrective course of action Sociological
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The main reason for this is the radical changes put in place so rapidly with immediate effect. This resulted in lack of structure and consistency throughout the whole chain stores‚ as you gave each store manager to much autonomy to change the store i.e. decor‚ food menu etc.‚ the business culture values as a whole was lost and that was what made the business a success before. I understand some changes had to be made but not so drastically. The loss of business culture and lack of dimension of structure
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TMA 03- Designer Labels Question 1 a) An income statement is used to show profit and loss; Kathryn can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery‚ office space‚ staff wages and the products. The income statement becomes useful to Kathryn when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken
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PART ONE Part a) Dear Andy‚ I am sorry to hear about the issues you are having at your branch; after careful analysis I have decided to discuss stakeholder analysis to look at the issues and offer recommendations on how they could be remedied.( It is obvious that there has been a clear breakdown in the relationship between management and staff which has underlying causes such as low pay‚( lack of training for junior staff and Night Managers.( I believe that the pay and training issues
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Finding people and helping them fit in Hotel Housekeeping Department 1. EXECUTIVE SUMMARY 2. PROBLEMS DESCRIPTION AND ANALYSIS 3. RECOMMENDATIONS 4. INFORMATION 5. REFERENCES Executive summary Attracting people to apply to work for a business and being able to select the right mix of skills and personalities is crucial to continuation of any business. Once recruited‚ there is then the issue of helping new employees to find their place and understand what is required of them. This entry
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The Lodge Bistro After reading your summary about The Lodge Bistro Chain‚ I would like to outline the problems and possible causes and try to show you a learning skill that you could implement to help solve these issues. The best way to do this is by using SWOT Analysis which will help to determine the Strengths‚ Weaknesses‚ Opportunities and Threats within the company. The graph below will help you to identify the areas and where they happen. (wikipedia.org) There are many problem areas or
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important questions the marketing manager must answer to design a winning marketing strategy. How does the manager go about answering these questions Chapter 1 Review Notes 1. Define marketing and discuss how it is more than just “telling and selling.” Marketing is managing profitable customer relationships. The twofold goal of marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction. Hence‚ marketing is defined as the process
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