Bdo Benchmarking Assignment Essay

At the point when considered all in all terms Turnbull portrayed it as: â€Å"All impacts influencing the establishment forms, including those for designating the controllers and additionally controllers associated with arranging the creation and offer of good and services†¦.. it incorporates a wide range of firms whether they are fused under common law. † (Turnbull, 2002:181) Factoring in every single other definition, in its least difficult terms it tends to be characterized as the â€Å"exercise of control over corporate entities† (Clarke, 2004). It isn't equivalent to the administration and the running of the organization, it is worried about how the Board of Directors, who are the administering body of an organization, regulate the executives, since it is they who are answerable for considering the administration of an organization responsible and guaranteeing the organization is being ran in a manner which is good towards the investors and different partners. It is the Directors’ duty to create system and strategies for the ompany and to decide the heading the administration should take the business in and the Directors have by and large obligation regarding the presentation of the organization (Tricker, 2012). While the expression ‘corporate governance’ wasn’t authored until the 1960’s and not normally utilized until the 1980’s, it has truly been in a steady procedure of development since the sixteenth century and joint endeavor exchanging. One of the significant improvements in wo rld economies which carried the requirement for corporate administration to the fore was the presentation of restricted risk organizations in the nineteenth century. What this implied was when organizations were fused they turned into a different legitimate substance, separate from their investors and with comparable lawful rights to purchase, sell and move offers and resources, to utilize individuals and to sue and be sued for the sake of the organization. This implied the obligation for any organization obligations lay with the investors and not the administration or the organization. Add to this the way that as a result of the presentation of the securities exchange, offers could be effortlessly purchased and sold, which means the investors could be tremendous in numbers and have an enormous geological spread. Because of the way that all corporate entitites need to administered, the ramifications of this were the administration (official control) and the investors (proprietors) were frequently isolated (Tricker, 2012). Circumstances, for example, these, are the place corporate administration is considered to be most vital on the grounds that there is a root supposition, that individuals from the board who don't possess the organization are probably going to be progressively wild with somebody else’s cash, I. e. the company’s, than they would be with their own cash (Having Their Cake, 2013). This is known as the office quandary, which will be developed later. Choosing a Board of Directors who have the enthusiasm of the investors at the cutting edge of their psyche, permits individuals to in a roundabout way supervise the activities embraced by the administration, so as to guarantee that as operators of the investors, the administration is acting in accordance with the eventual benefits of the organization (Lashgari, 2004). 1. 2. Determination of a Case Company However, as Turnbull called attention to in ‘Corporate Governance: Its degree, concerns and theories’ (2002), having a limitation of just traded on an open market partnerships in investigations of corporate administration, restricts the legitimacy of any onclusions drawn about the most productive courses of action for corporate establishments with respect to great administration rehearses and the impact they have on a company’s execution. As Jensen said in 1993: â€Å"Privately held substances could give the most type of big business. † (Jensen, 1993, refe red to in Turnbull, 2002). It was considering this that I picked BDO LLP UK (BDO), which is a consolidated organization in the UK, which is possessed and ran by its individuals/accomplices. It is an organization which offers budgetary bookkeeping, review, duty and business consultancy administrations (BDO LLP UK site, 2013). . 3. About the UK Financial Accounting and Audit Sector With the regularly expanding center around corporate administration for organizations over the World, not simply in the UK, review firms, for example, BDO, KPMG and Deloitte are turning out to be increasingly significant on the grounds that it is there employment to guarantee that organizations are sticking to guidelines spread out in the UK Corporate Governance Code (2010, reexamined in 2012). It ought to normally follow that review organizations will have incredibly great corporate administration rehearses set up, nonetheless, this isn't really the situation. Since 2000 there have been various prominent embarrassments inside the International Corporate Financial Accounting industry, for instance, Enron were seen as expanding incomes and concealing obligations and there was additionally the Bernard Madoff â€Å"Ponzi Scheme†, where the genuine outrage was that the ransacking of a great many pounds worth of people’s cash, got away from the consideration of reviewers and controllers. ). Because of such outrages, numerous national controllers actualized new corporate administration prerequisites to improve guidelines (Mitchell Van der Zahn, 2009). In the UK new guidelines with respects explicitly to review organizations were additionally presented, directed legitimately at a specific gathering of organizations. As of January 2010, 95% of the evaluating work in the UK was being completed by 8 firms, BDO being one of them. It was regarded that such organizations had based upon their notoriety to pick up strength in the UK advertise and the Financial Reporting Council (FRC) felt it was in the Public’s enthusiasm for these organizations to be straightforward and so as to keep up open trust be models of best corporate administration practice. This prompted the presentation of the Audit Firm Governance Code (2010) by the Institute of Chartered Accountants in England and Wales (ICAEW), which drew from parts of the 2010 UK Code and built up standards, for example, the arrangement of autonomous non-officials inside the administration structure of their organization. While such guidelines didn't make a difference outside of the focused on organizations, it was the desire for the ICAEW that it would give a benchmark of good administration for different organizations to follow (ICAEW site, 2013). With such a striking proclamation being made about the significance of corporate administration in this field of work, it appeared to me to be an undeniable decision to pick one of the 8 organizations on the ICAEW’s list for my contextual analysis. 1. 4. About BDO LLP UK As nitty gritty prior BDO LLP UK is a fused association organization in the UK, which is possessed and ran by its individuals/accomplices and it gives money rela ted bookkeeping, review, assessment and business consultancy administrations. It is the sixth biggest bookkeeping firm in the UK and is an individual from the BDO International Network, which itself is the fifth biggest bookkeeping association in the World. While trying to break into the best 4 major firms in the UK, BDO LLP UK finished a merger with PKF, an adversary firm, in April 2013 (Keynote, 2013). Subsequent to inquiring about BDO LLP UK, it turned out to be certain that corporate administration was of the highest significance to the organization. In addition to the fact that it had explicit regions on its site devoted to corporate administration and corporate social duty yet it likewise had various pertinent distributions in regards to corporate administration. One article for instance, ‘Making Internal Audit Relevant’, examined the high caliber of corporate administration in the UK found by contemplates completed by the FRC, it proceeded to state this was supported by the UK Corporate Governance Code and that it was crucial in keeping up the engaging quality of the UK advertise, to energize new venture (BDO LLP UK site, 2013). My exploration likewise found that BDO had done a joint report with the Quoted Companies Alliance, which considered the presentation of a compulsory corporate administration code for little and mid-capital review organizations in the UK. Similarly as a state of certainty, this was a suggestion that 92% of such organizations concurred with. One of the significant signs that BDO think corporate administration is essential to the accomplishment of an organization is that they produce a yearly straightforwardness report, which has a reference section of an announcement of consistence with the Audit Firm Governance Code (2010). They have additionally put it all on the line to make an outline report in 2012 for organizations which they review, specifying any progressions to corporate administration guidelines and concentrating on authority and viability, announcing, hazard, review, compensation and financial specialist relations (Corporate Governance for TMT Businesses, 2012). It is by all accounts a fascinating plan to take a gander at an organization who puts such a great amount of accentuation on great corporate administration, for itself as well as the organizations it works for, to check whether they do go along totally with the codes and on the off chance that they are in actuality â€Å"exemplars† of good practice. . Speculations of Corporate Governance There are different hypotheses and methods of reasoning with respect to corporate administration, the entirety of which, as a group, have established a framework for the improvement of various corporate administration frameworks around the globe (Lashgari, 2004). This paper will take a gander at some of these speculations and how they identify with BDO, so as to increase a superior comprehension of the administration gauges at BDO. 2. 1. Office Theory In the 1930’s, Berle and Means distributed ‘The Modern Corporation and Private Property’, it gave the primary discussion about the organization quandary and set a reason for office hypothesis. They recommended that where proprietorship is isolated from the board or is broadly scattered, it gets hard for proprietors to have a viable beware of the self-sufficiency of corporate administrators. The office predicament was additionally refined in the 1970’s, when hypotheses were brought to the fore recommending specialists (chiefs) are probably going to act naturally intrigued and will serve their own enthusiasm before those of the guideline (proprietors). Such speculations likewise recommended that so as to counter t

Case Audit free essay sample

Arthur Andersen didn't depend on capable and adequate review proof in inspecting the valuation affirmation identified with FOF’s characteristic assets resources. As indicated by Paragraphs . 21 of AU Section 326, to be able, proof must be both legitimate and important. Evidential issue got from autonomous sources outside an element gives more noteworthy affirmation of unwavering quality to the motivations behind a free review. Be that as it may, numerous parts of the National Resources Fund Account (NRFA) review were finished by utilizing the records of KRC rather than the honest evaluation. The number they utilized may contain blunders or even extortion. Since FOF had no methods for esteeming the advantages proposed for speculation by NRFA and didn't have the business mastery to do as such, the numbers acquired were not substantial and dependable. Besides, Andersen staff members even dealt with both the KRC and NRFA reviews contemporaneously, which prompted the absence of autonomy. At the point when they found that KRC’s benefits on deals to FOF were 68. We will compose a custom paper test on Case Audit or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page 2% which were the most noteworthy, as contrasted and normal benefits on all deals of about 36%, Anderson didn't do any further research to assemble more proof. Their powerless expert judgment prompted the deficient proof. 2. Extra proof to fortify the Summary of 1968 Sales† would have been the consideration of valuation and revaluations of properties exchanged. As was later found, King exchanged a â€Å"special inventory† of properties to FOF at an overall revenue of somewhere in the range of 98. 7% to 57%. Interior updates inside the organization would have been useful in distinguishing these circumstances when gathering the â€Å"Summary of 1968 Sales. † Arthur Andersen had this data accessible to them yet decided not to unveil it to their other customer, FOF. A bit of proof that could have reinforced the of the Summary of 1968 deals the other way would have been the allotting of overhead and different charges not legitimately identified with the deals. While IOS may have had the most noteworthy net revenue, their deals could have required generously increasingly overhead distribution, which would have diminished the benefit as a level of deals. Without understanding the designation technique or sum being allotted, it is difficult to decide completely that benefit was such a high figure. 3. In view of Paragraphs . 09-. 0 of AU Section 329, the main role of considerable diagnostic methodology is to give confirmation on certain review destinations. Be that as it may, contingent upon the target, explanatory techniques probably won't be sufficient, and trial of subtleties would give a progressively wanted degree of affirmation. The evaluator ought to comprehend the destinations of the review, and make an arrangement that best suits his/her goa ls by making a mix of logical methods and trial of subtleties. On the off chance that I was on the review group for FOF, I would utilize the â€Å"Consolidated Sales to Industry† data since it is material to effectively finishing the review. For FOF, one of my review goals is give confirmation that the costs FOF was getting from merchants were at sensible rates. Utilizing the â€Å"Consolidated Sales to Industry† data, I would have the option to see that the benefits are not adjusted and hence, would need to research further. Now, I could design trial of subtleties to additionally explore the idea of these benefits. An evaluator has the commitment to show proficient wariness and be careful for false exercises. The uplifted level of benefits could be viewed as a warning. These practices fall under the due steadiness required by a reviewer in assessing their customer when directing a review. 4. For the most part, CPA firms have a duty under the Code of Professional Conduct to keep the data secret. Yet, for this situation, we don't trust Arthur Andersen had an obligation of customer classification to KRC that would forbid the firm from uncovering to FOF any important information it might have had identified with KRC’s costs. Rather, as we would see it, Arthur Andersen had the commitment to unveil. Arthur Andersen examined Fund of Funds, just as King Resources who offered the advantages for Fund of Funds. Ruler Resources created normal asset properties and consented to be the sole seller of such properties to FOF at costs no higher than those charged to KRCs modern customers. A similar key review work force were engaged with the two reviews and knew, or ought to have known, that the understanding was not being met yet neglected to advise FOF. Arthur Andersen ought to have uncovered this reality to FOF on the grounds that 1) they knew about the cheats, 2) they was aware of the details of the understanding that were being disregarded, and 3) the language of their commitment letter created a legally binding commitment to uncover such data.

How to Wish Your Coworker a Happy Retirement

How to Wish Your Coworker a Happy Retirement Retirement is an important moment in anyones life.After decades of working hard and building a career, they can now take a deep breath and admire what has been achieved.Its also a season of deep reflection and ample time for the retiree, allowing him/her to do the things they love doing and have always wanted to.However, retirement is also a very uncertain period for most people, as a study by GoBankingRates showed that more than half of Americans have no more than $10000 saved for retirement. Whats more? 1 in 3 Americans have no savings at all. Source: Money.comHow scary is that?This makes it such a sensitive chapter of anyones life and knowing the right things to say when wishing a coworker happy retirement can further motivate them.Most often, a retirement is received with mixed feelings and it can be hard to find the right choice of words to use when wishing your colleague a happy retirement.You can wish your colleague a happy retirement in some ways such as throwing a retirement party for them, buying them gifts or sending them a retirement card.The most common way most you can use to wish your coworker a happy retirement is by giving them a retirement card.HOW TO WRITE A RETIREMENT CARDA retirement card is very easy to write but choosing the right words can be a bit dicey. Source: CrossCardsMost often one can get confused about what to write in the card because there are numerous things you want to write all at once.There is a tendency to start writing a card with a specific intention but the end result reads different from what you intended to pass across.Say for example, your colleague is retiring and he was the best coworker you had, you may intend to write about his awesome qualities and how you enjoyed working with him.But you could get confused while writing and then end up talking about how he has a great dress sense and a good sense of humor.To avoid such confusion it is important to separate the different possible contents of a retirement card into categories.Once you pick a category, your message to the person will revolve around it. For the purpose of this article, below are some of the categories you can pick from.MemoriesImpact/InfluenceQualities/CharacteristicsRetirement FreedomFuture PlansRETIREMENT CARD CATEGORIES1. MemoriesUnder this c ategory, your message will focus on the fun memories you share with a coworker.Talk about your favorite memory of them and to add humor to it, make mention of an inside joke that two of you share.Talking about your favorite memories of the person in the retirement card takes him down memory lane and makes him think of how the time he spent in the organization was worth it.It also endears them to you and warms up their heart knowing that you treasure them well enough to store a memory of them in your heart.This is a sign to them that you wont forget them in a hurry and their years of laboring wont be easily forgotten. It gives them an assurance that they are irreplaceable.For people that are scared of retirement because of the uncertainty of the future that lies ahead, sharing the fun memories they created will help to ease the tension they feel.The beautiful thing about writing a retirement note that revolves around favorite memories is that whenever the person picks up the note, be it after a few days, months or years, their heart gets warm and they will definitely smile.When writing a note on memories, make sure it is a memory that is pleasant to the receiver of the note.Dont write about embarrassing moments or awkward moments that left the person feeling bad.The aim of writing a note is to make your colleague feel loved and valued, you dont want to ruin that by bringing memories that leave a bitter taste in their mouth.If the memory is so funny, ensure that the receiver of the note also thinks it is funny.If there are people that were a part of the memory that are already dead or fell out with the receiver of the note, try not to talk about such memories so that you dont end up sending the wrong signal and trigger a wrong emotion in the receiver.You can only write about such memories if your coworker considers it to be extremely funny or is indifferent about the negative part of it.Below are samples of what you can write on, when focusing on the memories yo u created with your fellow employee, during the time you spent working with him/her.“Hey, do you remember when we got so bored at work and needed some humor and we took out the lavatory sign on the door of the bosss office and that old lady went in? Ill definitely miss having my partner in crime around.”“Remember when you pulled a prank on me and said the boss needed to see me urgently and I ran into his office without knocking. The clueless look he had on his face when he saw me was the funniest thing I’ve ever seen in my entire life. Thank you for giving me a lot to laugh about, Ill miss those moments.” “I know you wont forget the day we had a last minute preparation for a presentation and we goofed. You introduced yourself as me and I introduced myself as you. So glad everyone in the room laughed along.” “I wont forget our first fishing trip together. You caught the biggest fish, twenty years down the line; I still havent beaten your record.” “Remember the fir st time we went camping with our families together in the woods and we pulled a prank on the children. I havent laughed as much as I did on that day.” “I remember when you taught me how to enter my data into the companys database easily. That singular lesson improved my efficiency at work thank you for that day and many more.”Basically, the whole idea is to bring back memories. You dont necessarily have to tell the entire story; just a short summary of the event will make the memories flood right back.2. Impact/InfluenceThis category focuses on the ways your coworker influenced you.Talk about the impact they made on your life and in the organization.Focus on the positive marks they made in your life.When wishing someone a happy retirement it isn’t the right time to remind them of how they hurt you or did wrong things to you.No one is without fault and it is most likely that in the course of time you spent working together, your colleague must have stepped on your toes once o r twice.Look beyond their shortcomings and identify the positive influence or impact they made in your life.The impact or influence could be a word of encouragement that was given when you were at a very low point, it could be support (financial or emotional) that they gave you when you desperately needed it.It could also be the helping hand they lent you when you needed help or can also be the inspiration you derived from observing their work ethics and approach to work.Maybe having them around brought out the best in you or pushed you to identify hidden potentials that you never knew you had.Think of all the times they were there for you and the influence they had on you. Pick out your favorite from any of those moments and write about it in the retirement note.Let them know that despite the fact that the time has come for them to go, the legacy they left behind wont be easily forgotten.For example, Mr. John is your coworker that’s retiring. When you were newly employed, Mr. Joh n went out of his way to show you how things are done.In the office and coached you, making sure you had no difficulty settling in and as a result of the help he gave you, you became very productive at work and constantly got commended by your boss.In the retirement note you are sending to Mr. John, remind him of all that and you could say something like:You were an excellent coach and my go-to person in the office, I promise to keep on your legacy by investing the same time and energy you invested in me in the new staff that come to the office just like you did.If he was always excited and got his work done in a very cheerful way, you could write something like this on the noteI used to think work was so boring until I saw how happy and enthusiastic you were about getting your job done, observing you happy and boisterous disposition to work made me discover the fun in the work.Thank you for showing me that i can work and have fun at the same time.Below are further examples of what to write in a retirement note when talking about the impact and the influence of a coworker in your life.“Thanks for always listening to me and giving me constructive advice and criticism. Your constructive criticism pushed me to learn more and to be the better person that I am now. Ill definitely miss having you around. You have been my source of inspiration since I got into this company, you are one colleague I aspire to be like, your life is full of so much inspiration and Im glad to have been inspired by you. Happy retirement my muse. You are an irreplaceable part of the staff; I wonder how we will get work done here efficiently now that you are leaving us. Get ready to receive loads of calls from Terry and me to ask you how to do this and that. We will definitely miss you.You are such an important part of this company and its weird to imagine the company without you. Every corner of this company has a touch of your amazing influence. We miss you already.”You are such an inc redible person, Im pretty sure heaven no longer makes your kind, the vacuum your retirement is leaving in this office is one that no one can easily fill. I miss you so much already.The brain box of our team is finally leaving us and we are feeling all kinds of emotions right now. Every Eureka moment we had was as a result of your genius ideas. We wish you wont go but we feel it is time you give that smart brain of yours a little rest. Enjoy your retirement team-mate, we love you.You taught me not to ever bow my head in defeat no matter the circumstances. May your strength and courage pave the way for you as you enter a new phase of life.I was able to grow in this competitive work environment because of your encouragement and guidance. Thank you for being a strong shoulder to lean on. May the days ahead be bright and beautiful for you. Lots of love.When writing about the impact of the person on your life be it directly or indirectly, make sure you do not over exaggerate.Stay as simpl e and as truthful as possible. No matter how simple the impact may look it is better to keep it simple but truthful than colorful and untrue.3. Qualities/CharacteristicsIf you choose to talk about the character and qualities of the person, it’s advisable that you dwell on the qualities that were relevant and useful in the workplace.Dont talk about the character or qualities that are of no relevance in the workplace since you are giving him the retirement card as a colleague and not as a friend.For example, if he is good at playing soccer and you work in the health sector, dont start talking about how he is so good on the soccer field and how he inspires you to be a player, no thats off point.Instead, talk about how he is good with patients and how he makes them feel relaxed or any other work-related quality he has that makes him an asset in the workplace.Most often than not, people are remembered for their character and qualities. Even if the person wasnt so close to you, you can still see the qualities he has from afar.You dont need to be cordial with a person before you can write about their attribute and qualities in the workplace.Talk about the beautiful trait they have and how it has positively influenced their career, their colleagues and the organization or company.Qualities or characteristics you can talk about here can be their dedication to work, punctuality, diligence, honesty, jovial nature, and great customer relation skill etc.While mentioning the qualities, you can also talk about how the qualities improved the work environment or influenced you positively.Below are some example notes you could write if you are focusing on the qualities of your retiring colleague.You have a heart of gold you see the good in others even when they are unaware of it and you bring out the best of everyone around you. I wish you the best in life.Your excellent problem-solving skill made us wiggle out of many problematic situations at work. Thank you for making sure that I never got into trouble Ill miss having you around.Thank you for brightening our days at work with your melodious laughter and your warm jokes. You were our therapy for anxiety. May the days ahead be very bright and melodious like your contagious laughter.Thanks for filling the office with your positive energy and being optimistic even when the rest of us were pessimistic. Your energy was what kept us going when we were at our wits end. We love you and will miss your positive vibes. Our early bird is finally migrating. I didnt know it was possible to be consistent at one thing for more than thirty years without failing. For the past thirty years; there was never a day you came in late. Wow. I learnt how to be punctual because of your punctuality. Happy retirement Mr. Punctual.Your special charm was all we needed when we were faced with a grumpy and hard to please client, your customer care skill is second to none in the entire universe. We already miss you, happy retirement.â € The aim of writing about the qualities or characteristics of your coworker is to make him realize that you appreciate his character and that he was an asset to the organization.Whenever he sees your card, he will definitely have a smile on his face because he is convinced that he didn’t spend those years working for nothing.Knowing that he is remembered for good will make him feel he spent his years well.4. Retirement FreedomYou can choose to do something a little bit different from the regular talk about memories and qualities and write about the freedom that comes with retirement.As stated earlier, some people feel tense when the time for retirement comes because they cant seem to think of how they will cope with a new phase after years of doing the same thing every day.For some, it may appear weird that they now have to stay at home on Monday when everyone else is hurrying off to work or perhaps they have no meaningful pension plan or retirement savings as studies have shown 15% of Americans have no financial plan for retirement. Source: StatistaYou can help them ease that tension by talking about the fun of being retired.While writing a note in this category ensures that you sound funny, dont be too serious.Your aim is to get your colleague to look at retirement from the bright side and not to dampen his mood by talking of how he is so going to die of boredom at home or how he will have a hard time adjusting to the new life.Thats insensitive and inappropriate, you wouldnt want someone to write that in a card and give you when you are retiring.Rather talk about the exciting life that awaits him and how he can make every single day count by having fun.Make him realize that he has paid his dues and it is now time to sit back and enjoy the dividends of his years of labor.Below are examples of what you can write in the card you will present to your coworker.Congratulations on your promotion to the level of retirement, you now have unlimited access to all the fun you deserve. Based on your promotion to the level o f a retiree, your new responsibilities are the maximum investment in relaxation and happiness returns. Happy retirement buddy.“Congratulations on becoming your own boss, you now get to decide when you want to leave the house and how many hours your lunch break should be. Enjoy your freedom. Hurray, you have been upgraded from salary level to pension level, a level where you automatically reap the fruit of your years of labor. Enjoy your new level. Happy retirement.I wish I were you right now, no more long boring stressful hours at work and jumping out of bed when the alarm rings. Enjoy your freedom. “You can now put the same level of effort you put into work, into enjoying yourself, your new annual goal is to have so much fun until it feels illegal. Congratulations on a well-deserved retirement”The examples above are just samples to guide you; you can talk about other stressful things that they will no longer have to face and how retirement is a luxury you long for one day.Mak e them feel so good about finally going to rest after years of hard-work.5. Future PlansThis is almost similar to the previous category of retirement freedom that we talked about but it is a bit different.In the former category, all you get to talk about is how lucky he is to be finally free from the stress of work and how he now has the freedom to do whatever he wants to do.But this category focuses on helping the person keep his dreams and visions alive.There are a lot of people that have dreams about what their life after retirement will be but when the reality of retirement dawns on them, they tend to lose focus and become a bit confused.Most often when someone is unsure of his next move, he becomes a little bit tensed.If you notice your coworker doesnt look excited about retirement like he was initially, then it could be a sign that he doesnt know what to do or how to go about the plans he has made.If you have a colleague in this type of situation, you can help by giving him a card that talks about the dreams and visions he had and encourage him to pursue them.For example, based on a GoBankingRates survey that found women are less likely to have sufficient retirement savings, your female coworker who has always talked about how she wants to start a book club for women when she retires from work, could be scared due to lack of savings. Source: MoneyHence, you can write a note that encourages her and says:Happy retirement girl the time has come to finally actualize your dream of having a book club, count me in as your first member, I look forward to the first meeting.”Not only did you wish her a happy retirement, but you also reminded her of what she has in mind to do with the new spare time she has and you also show her support by saying you are signing up as the first member of her book club.Below are staples of notes you can write in the retirement card for your colleague depending on the plans they have for the future.For a coworker that loves nature and adventure and has looked forward to going on a vacation, you can write a note that says:The era of adventure has finally arrived, you can now travel around the world and explore different continents and have the fun of your life. Happy retirement. Or you can write a note that saysAdventure time is finally here. Get ready for a rollercoaster of enjoyment as you take in the beautiful nature of the continents of the earth. Happy retirement explorer.”“You can now go skydiving, zip lining, and kayaking where ever you want too, the great thing is you can be away for as long as you want without running back to work. Happy retirement free bird.For a colleague that wants to start a business after retirement you can write:“You have been promoted from the level of an employee to a boss. I have no doubt that you will succeed at whatever business you choose to do.”“New boss alert, you are now your own boss. Happy retirement.”If your kind of work is time-consuming and barely gave you enough time for family and if your coworker is a family oriented and has dreamt of spending more time with his family, you can write:“You can now spend all the days of the week with your family without having to worry about being fired. You now get paid to have fun with your family. Happy retirement.”“Family vacation can now be planned at will and at wha tever period of the year, you no longer have to wait for approval to spend quality time with your family.“It’s time to settle all the arrears of the family time you have been wishing for all these years. Have fun until it begins to feel like a crime. Happy retirement.”You can also talk about the plans that the two of you made and how he now has the privilege of going through with the plans without any barrier.While writing the note ensure that it sounds Interesting and it triggers excitement, dont make it plain and boring.The future may be uncertain but if it is properly planned it can be exciting and colorful, that is what you should make him realize in the note.No matter what category you choose to write, ensure that the tone of the write up is a happy one.Wish him the best, dont dampen his mood by sounding sad or make it look like he is going to a place where you wont be able to reach him again.Make him realize that the fact that he is leaving the workplace doesnt mean that you are erasing him from your life.If you have just a formal relationship with the colleague, you can keep the note formal but still happy.While writing the note dont make the mistake of making it look as if you are happy to see them leave, make sure you dont pass across a good riddance to bad nonsense message, it’s better not to write a note at all than to write one that will make the person feel like a burden or not wanted.CONCLUSIONYou may still see your colleague after He or she retires especially if they reside in the same area or city with you, but if they’re relocating out of the environment, there is every possibility that your paths may never cross again.Whatever may be the case, make sure you leave a good final impression.Let them leave with a good last memory of you and the best way you can ensure that is by wishing them a happy retirement in a good retirement card filled with a heart-warming note.

Fast Food Outlets Is Fast Growing And Competition Is...

Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesâ€Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfaction† By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï  ¶ Chap-1 Introduction 1.1 Global Retailing Industry..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.2 The Far East Experience..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problem†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words   |  73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words   |  24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 â€Å"Hong Kong style† Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words   |  36 PagesCHAPTER – 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words   |  19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words   |  28 Pagesappointment—a pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso Mcdonald ´S9665 W ords   |  39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Arches—the corporate emblem that adorned every restaurant— symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonald’s served over 20 million customers every day.1 Although such a number testified to the restaurant chain’s success, it also suggested a troubling question for management. With McDonald’s alreadyRead MoreFood Truck Business Essay7399 Words   |  30 Pages†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Competition †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦13 SWOT Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦. †¦. 15 Marketing Plan †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦17 Product †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦. 18 Promotion †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦. 21 Financial Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words   |  44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 • Volatile coffee markets 35 • Market/lifestyle fluctuations 35 • Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words   |  42 Pagescustomer’s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by

Fast Food Outlets Is Fast Growing And Competition Is...

Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesâ€Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfaction† By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï  ¶ Chap-1 Introduction 1.1 Global Retailing Industry..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.2 The Far East Experience..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problem†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words   |  73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words   |  24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 â€Å"Hong Kong style† Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words   |  36 PagesCHAPTER – 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words   |  19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words   |  28 Pagesappointment—a pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso Mcdonald ´S9665 W ords   |  39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Arches—the corporate emblem that adorned every restaurant— symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonald’s served over 20 million customers every day.1 Although such a number testified to the restaurant chain’s success, it also suggested a troubling question for management. With McDonald’s alreadyRead MoreFood Truck Business Essay7399 Words   |  30 Pages†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Competition †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦13 SWOT Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦. †¦. 15 Marketing Plan †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦17 Product †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦. 18 Promotion †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦. 21 Financial Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words   |  44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 • Volatile coffee markets 35 • Market/lifestyle fluctuations 35 • Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words   |  42 Pagescustomer’s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by

Fast Food Outlets Is Fast Growing And Competition Is...

Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesâ€Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfaction† By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï  ¶ Chap-1 Introduction 1.1 Global Retailing Industry..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.2 The Far East Experience..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problem†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words   |  73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. Chipotle is also active in its environmental commitment to working to reduce its carbon footprintRead MoreHow Starbucks Enter Into the Hong Kong Market5983 Words   |  24 Pages.................................................................................. 15 Standardization vs. adaptation ................................................................................................. 15 â€Å"Hong Kong style† Starbucks outlets ........................................................................................ 18 Conclusion.......................................................................................................................................... 20 ReferencesRea d MoreFast Food Industry of Pakistan8883 Words   |  36 PagesCHAPTER – 1 INTRODUCTION 1.1 Introduction: a) Introduction to topic: Fast food is food, which is prepared and served quickly at outlets called fast-food restaurants. A restaurant is an establishment that serves prepared food and beverages on tables set for individuals, pairs or larger groups, to be consumed primarily on the premises. Restaurants serve a wide variety of food at a specified cost given on its menu card for on or off the premises consumption. These includes eating establishmentsRead MoreAnalysis of the Pizza Industry Essay4621 Words   |  19 PagesThe Fast Food Restaurant Industry - Analysis of the Pizza Industry THE RESTAURANT INDUSTRY AND HISTORY Where and when did the fast food concept come into play? Consider the hamburger. While German immigrants brought the first Hamburg Style Steak to the United States in the early 19th century, the humble hamburger, White Castle, became the basis for a new kind of restaurant in 1916 called the fast food chain. J. Walter Anderson, who sold five-cent hamburgers with french-fries andRead MoreAussie Pooch Mobile 16986 Words   |  28 Pagesappointment—a pooch party of ten dogs at number 22, where five other residents of the street had arranged to have their dogs washed on a fortnightly basis. Prior to their arrival outside the house, there had been ferocious growling and snarling from a fierce-looking Rottweiler. But when the animal caught sight of the brightly-colored trailer, he and two other dogs in the yard bounded forward eagerly to the chain link fence, in a flurry of barking and wagging tails. Throughout residential areas of BrisbaneRead MoreCaso Mcdonald ´S9665 W ords   |  39 Pagesdistinguished itself in the quick-service industry through its remarkable consistency across all units. To competitors and customers alike, the Golden Arches—the corporate emblem that adorned every restaurant— symbolized pleasant, fast service and tasty, inexpensive food. In the United States alone, McDonald’s served over 20 million customers every day.1 Although such a number testified to the restaurant chain’s success, it also suggested a troubling question for management. With McDonald’s alreadyRead MoreFood Truck Business Essay7399 Words   |  30 Pages†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Competition †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦13 SWOT Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦. †¦. 15 Marketing Plan †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦17 Product †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦. 18 Promotion †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦. 21 Financial Analysis †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦. .24 Introduction A food truck is aRead MoreStarbucks Analysis10818 Words   |  44 PagesOther competitors US market 30 9.6 Competition in Europe and Asia 30 10 Porter s 5 forces 31 10.1 Threat of new entrants 31 10.2 Bargaining Power of Customers 32 10.3 Bargaining Power of Suppliers 32 10.4 Threat of Substitute Products or Services 33 10.5 The Intensity of rivalry among competitors 33 11 Conclusion External Analysis 34 11.1 Opportunities 34 11.2 Threats 35 • Volatile coffee markets 35 • Market/lifestyle fluctuations 35 • Fierce Competition 35 12.1 TOWS analysis: 37 12.2Read MoreConsumer Behaviour Towards Cadbury Products10353 Words   |  42 Pagescustomer’s preferences are provided by the Airtel? 7 Executiv e Summar y 8 EXECUTIVE SUMMARY The project is an extensive report on how the Airtel company markets its strategies and how the company has been able in tackling the present tough competition and how it is cooping up by the allegations of the quality of its products. The report begins with the history of the products and the introduction of the Airtel company. This report also contains the basic marketing strategies that are used by

Fast Food Outlets Is Fast Growing And Competition Is...

Fast food outlets in Port Harcourt is fast growing and competition is fierce among the operators. As posit by Stewart, (1996) that successfully implemented customer retention strategies are a point of competitive advantage, which means that the customer should always be treated as king, and should be at the core or heart of the operations of every business. Nworah, (ND) observed that the need to compete against one another is borne out of a desire to attract new customers, and also to satisfy and keep their existing customer base. Surviving in such a competitive setting requires the cooperation of employees who will be willing to exceed their job description. Eventually, extra role behaviours cannot also strive in an environment of intimidation, abuse, anxiety, etc which incidentally is prevalent in many fast food outlets. As observed by Reischman, (2003) that managements at fast food outlets have created an environment, which looks like a family, while on the other hand, an environment filled with intimidation and fear. Similarly, service oriented outlets need employees who are ready to surpass their job description by engaging in citizenship behaviours. This type of behaviour is necessary because it is not usually feasible to capture all relevant facets of the job due to the changing behaviours and perceptions of the customers. Dash and Pradhan, (2014) opined that one such way that the organisation can achieve its objective is through behaviours of the employees.Show MoreRelatedRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesâ€Å"Retailing characteristics of fast food stores and their impact on customer sales and satisfaction† By:- Rajul Bhardwaj Lecturer, Faculty of Management Studies, Gurukul Kangri University, Haridwar(Uttarakhand), India Table Of Contents:- ï  ¶ Chap-1 Introduction 1.1 Global Retailing Industry..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.2 The Far East Experience..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.3 The Changing Food Retailing sector in Asia.. 1.4 Recognition of a Problem†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1.5 Objectives ofRead MoreChipotle18199 Words   |  73 PagesPrepared for: Chipotle Submitted By: December 14, 2011 I. Introduction to Chipotle Introduction Chipotle Mexican Grill is a leading force in its commitment to buy food from sustainable sources that do not have a negative impact on its menu pricing. Besides leading the way in the fast casual dining experience, it also supports farming initiatives that develop and practice best standards. 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