...in most cases people have to do research in order to get an educated and well informed answer to whatever they are asking. The two articles in which are being used for this assignment are “The Researches on Exchange Rate Risk of Chinese Commercial Banks Based on Copula-Garch Model” and “Food service research: An integrated approach.” Both are done with good intentions and for informative reasons. Purpose of Article Food Service Research: An Integrated Approach is a research article about food service and how it can be beneficial to someone’s wellbeing. The reason this article was written and topic researched is because the author wanted to share with people why food service needs to become healthier and why it is beneficial for everyone that this happens. The author feels that people can be taught to make food service a healthier environment for everyone involved from the works to the customers and guests (Rodgers, 2011). In 2005 currency exchange was reformed. Because the currency exchange was reformed, China decided to make their exchange floating. They decided it would better benefit them if they went with currency exchange based on supply and demand. This can tend to be a not so good thing for other countries including the United States and their currency the dollar as well as any banks involved in the currency exchange. The author wants to use the Copula-Garch model to show people that foreign currency exchange can give “optimal holding ratios to those exchanging under...
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...Question 1 How quality should is defined at this restaurant? ANSWER: Quality is the term used by the customer to describe their general satisfaction with a service or product. Customers, internal or external, are satisfied when their expectations regarding a service or product have been met or exceeded. Quality at Joses restaurant should be defined by service, value, reliability of the experience and overall customers’ satisfaction. The quality of a product is defined as whether it fulfills its stated specifications. Customer satisfaction should be at the top priority for the restaurant. Customer satisfaction is the measurement of a product or service that meets or exceeds customer’s expectations. Therefore, the restaurant should focus on its customers’ needs and requirements, and strive to exceed their expectations. The factors that affect the quality of the service are conformance to specification, value, fitness for use, support and even psychological standard impression. Food should be delivered and served as to be what is promised on the menu. Also, the food should be cooked and prepared properly, to be fresh, clean, and to have exactly the ingredients and flavors that are ordered. Service staff should be neatly dressed and greet customers with a smile; personnel should be experienced and trained to accommodate the customer. Atmosphere is another important area of quality. At Jose’s, keeping with the Mexican themed decor creates the atmosphere for the Mexican prepared...
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...name badge; * Employees must have access to transport due to location; * Must be flexible with working hours; * Must have coffee or barista experience; * Duties include customer service, till work, working on coffee machines and clearing tables; This company offer flexible hours and it is very common for young people having this type of job. They work as a team and enjoy a lot in the work place. The disadvantages are: the system of job is very repetitive. Employees have to deal with hot water at all times when doing coffee and if they want a better position they take too long to have it. The requirements Marriott Hotel * Previous experience of food service * NVQ in food service * Health and safety certificate and knowledge * Well presented * Excellent personal hygiene * Good communication skills * Eye for detail * Ensure have full product knowledge of all menu items * Ensure customer satisfaction This company have a high service standards, offer flexible hours and it is very good job for who want to grow on the company. They work as a team and enjoy a lot in the work place. The disadvantages are: the system of job is very repetitive. Employees have to deal with hot water at all times when doing coffee and if they want a better position they take too long to have it. They provide training for their staff all the time (e.g. guest is of prompt and efficient manner in line with company standards, training to avoid accidents...
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...Marketing Research Rebecca Schoenfeld MKT/421 8-28-11 Elizabeth Hartsig Market Research Paper Kudler Fine Foods is a food establishment that offers a variety of different items such as, baked goods, meats, seafood’s, produce, cheese, dairy, etc. Kudler’s food establishment always sells their food fresh to better please their customer’s daily. Kudler’s main objective is to “improve the efficiency of its operation and increase customer service.” (Shaikh, 2009). Marketing research is a vital part of the business world. The marketing research for Kudler Fine Foods will be discussing the tactics and strategies they use and try to find areas that might need additional market research as well. The marketing operations for Kulder Fine Foods has had their flaws but, they wanted to focus on increasing their revenue and services to better improve the company. Kudler needed to increase the business so, the company needed to start small and work their way up. Kudler first started by hosting house parties for the purpose of allowing a wide variety of people to taste Kudler’s variations of foods as well as allowing the customers to be hands on and learning how to prepare the foods. This will allow Kudler’s to have a personal bond with the customer to make them feel more comfortable with what they are eating as well as broaden Kudler’s customer intake. Kudler’s would like to go a step further and move up on the scale to bring in well-qualified cooks/chiefs and guest celebrities...
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...to Business Case Stuidies.co.uk customer service is the service provided to customers before, during and after purchasing and using goods and services. Good customer service provides an experience that meets customer expectations. It produces satisfied customers. When there is bad customer service this generates complaints. It then leads to a loss of sales because customers will go elsewhere to get better service. Retailers should relate to their customers by using good customer service this is because by having good service it creates a memorable experience for the customer which will leave a good impression of them. This would make them to recommend the service to their friends and this builds more connection between the service and the customer. If they were to do this it would make customers aware that the retailer are trying to make the customer feel special and make their shopping experience worthwhile. Customer service is more demanding and highly formalized in some retailers more than others this is because of the amount of money they may have to spend on improving their services. A place like Sainsbury will have a higher customer service quality that Costcutter this is because of the money which has been used to improve the tills, loyalty scheme, bags, products available etc. Costcutter will have a lower standard as they are owned by private owners who have most of their concerns on profit rather than improving customer service. Customer satisfaction is a marketing term...
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...information: 4 4. McDonald’s operation strategy: 5 5. Supply network: 5 6. Operation management: 7 7. Theory and practise: 10 8. Wastes and solutions: 13 9. Conclusion: 15 10. Reference list 16 1. Abstract McDonald’s is the largest chain of global foodservice retailer, their global operation strategy calls “plan to win” which means focus on improving existing food and service rather than overextension. Therefore, there are 3 factors need be concerned: supply chain management, operation management and potential waste of operation. Firstly, the objectives of supply chain management are that: control the quality of suppliers, ensure the logistic work efficiently, and monitor the information flow between each process, hence to make customers satisfied with our food. Secondly, we analyse the process of producing a Big Mac meal, then we found that, due to the high volume of production and low variation in demand, McDonald’s order qualifying factors are low price and quick service. Moreover, to attract more customers, the order winning factors are better quality with valued price of food and higher flexibility of choice. And managers also need to ensure all staff receive specific skill training, especially those work in high visible sector, like casher and French fries station. Finally, avoiding potential waste is also important to improving operation results. In this case, we main focus on Muda of overproduction, inventory and waiting. And we provide some suggestion...
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...only beer was sold the first weekend. Johnson entertained guests by playing the piano and plumber served the beer. With the money from the beer sales, the partners bought pizza products and began selling pizzas on Monday. Ten days later, they had fourteen employees and a month later, Dixieland jazz entertainment was added. The restaurant at "57th" and "J" Streets has grossed millions of dollars and is still a successful Shakey’s today. With the success of the first Sacramento restaurant, Johnson and Plummer opened a second Shakey’s two years later in a remodeled mattress factory on Foster Road in Portland, Oregon. The Shakey’s name and concept were already familiar due to the nightly jazz radio program they sponsored. In 1957 Shakey’s service companies began franchising. Opening that year were franchised restaurants in Seattle, Washington, Albany, Oregon, Carmichael, Concord, and Marysville, California. The franchise units also introduced a standard Shakey’s building design. Prior to it, the restaurants have always been located in existing remodeled structures. Shakey’s began to expand outside the United States with the opening of a restaurant in Winnipeg, Manitoba, Canada on February 15, 1968. Expansion then went south with the opening of Mexico City restaurant on May 7, 1968. The first Japanese restaurant opened in Osaka, Japan on July 26, 1976. Expansion continued with a restaurant in Makati, Philippines in 1975. Today there are over 500 Shakey’s restaurants...
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...restaurant industry. Restaurant is basically a place that prepares and serves food for customers outside from home. The main purpose of a restaurant is serving food to customers, but some may also provide entertainment or other services. With all the various types of food that we consumers demand for, the restaurant industries have different kind of restaurants, for example, Thai cuisine restaurant, Chinese food restaurant, Sushi restaurants, fast food restaurant, in order to satisfy customers’ desire. The restaurant industry is the largest employer in the private sector, and it continues to get larger every year (Vault.com, 2014). According to the National Restaurant Association’s analysis, the restaurant employment stands 441,000 jobs above its high point before the recession, while the overall economy in 2012 is still down 3.2 million jobs from the prerecession peak (Qsrmagazine.com, 2013). It might seem like an easy business to set up as food is under the physiological needs according to the Maslow’s hierarchy of needs, which means there will be no problem of running the business as an individual moves up the needs hierarchy from one level to the next (McLeod, 2007). Human needs food to survive, thus, the restaurant industry may easily gain a desirable profit. However, there are a few external environmental factors that affect the organization. For example, the most well-known globalized fast food restaurant that is operating now, McDonald’s, has to face some of the external...
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... Food and Beverage Operations Management (Unit5 Student Name: Emilia Panzo Submitted to: Margaret Amankwah Nelson College London Wembley Campus, London Task1 1.1characteristics of food production and beverage service systems Food Production Methods Food production methods in the catering industry evolved over a period of time when there was an great quantity of labour. The design of the established kitchen, first introduced into the UK in the latter half of the nineteenth century, grew up around the division of tasks into parties (comparable tasks with numerous foods were carried out by a particular group of people). This was the progress of the parties system. The rigid demarcation between the sections meant that the staffing ratio was high in comparison with the number of meals served. During the first half of the twentieth century there was little or no technical change in the kitchens of hotels and restaurants. Most managers and chefs had been trained in the old traditional methods which gave reasonably satisfactory results, and to them there seemed little reason to change. It is only during the last forty years that changes in the old traditional methods have evolved. These changes were slow to appear and started in the manufacturing industry rather than in the kitchens of hotels and restaurants. Technical research was done by the major firms of food suppliers and their...
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...Pros Cons |Rewarded for good service |“Good service” is speculative, bad service means bad tip | |Tipping as a type of karma |Tipping can be expensive | |Better service if you are a regular customer (restaurant) |A jar or box at the register implying one should tip (fast food, | | |coffee shops) | |Helping them make a living |Conflict after not tipping | | | | 2. 2.1. Giving someone a tip based on their provided service is customary, but the customers may not always share the same view on whether or not the service was sufficient for a tip. 2.2. After tipping your server well you will feel better about yourself, but it could not always be worth the extra money spent. 2.3. If you are a well known customer and are known to tip well, you are expecting the same or better service the next time you visit, but not tipping at a fast food restaurant or coffee shop can be seen as rude, which in turn may cause bad service the next visit. 2.4...
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...- Kudler Fine Foods ECO/365 November 25, 2013 Differentiating Between Market Structures - Kudler Fine Foods Kudler Fine Foods is dedicated to providing quality products and services to its customers. The company operates three local upscale specialty food stores in the San Diego area. The company’s “vision is to be the premiere gourmet grocery store for those selective shoppers searching for the best meats, produce, cheeses, and wine” (Apollo, 2013, Strategic Plan, p. 3). Kudler has three stores in Southern California, and the owner Kathy Kudler considers the company as operating in an industry without direct competition (Apollo, 2013, Strategic Plan). This paper will attempt to address Kudler Fine Foods market structures, its competitive strategies, strengths, and weaknesses as well as provide some strategic competitive recommendations. Market Structure The monopolistic competitive market structure according to (Colander, 2010) includes several firms selling slightly different products. Kudler Fine Foods falls within this market structure. There is an easy entry into the market for new firms in the long-run, and these firms are large enough to influence total supply. The benefits of a monopolistic competitive market structure is the ability to act independently, and adapt to economic changes while meeting customer preferences, which differentiates the firm from its competitors. In other words Kudler Fine Foods exercises monopolistic...
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...sometimes show up in person and speak with the program supervisor about what are the most important things that the families living in the shelter and the shelter itself is in need for. Depending on the season, we would typically be told that the shelter is in need of winter, or summer clothes. We would get a lot of toiletries request, such as paper towels, toilet papers, and cleaning supplies. The children living in the shelter vary from newborn to 17 years old, so we often like to get a list of the children's sizes, and favorite colors, so we could come up with good donations for the children as well. Many of the children their don’t have most things that other children would, so we want to make sure the children are happy and feel like they aren't missing out on anything because they live in a shelter. Some of the things that the staff recommends would be good to receive as donations are pots and pans, along with goods to stock in their...
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...Summary • Service Quality Gap Model • Case Analysis – Provider Gaps – Customer Gap • Five Determinants of service quality • Mitigation Measures Case Summary • Too much emphasis on Self Service • Improper Menu • Student Preferences not taken into account • Administrative roles are not clear • Inadequately trained staff • Low cost but poor quality food • Ambiguous Feedback Mechanism Service Quality Model Incorrect Perception of the customer expectations Customer Expectations Gap 1 Company Perceptions of Consumer Expectations Not knowing what customers Expect • Incorrect recognition of the student preferences (Inside-Out Approach) • • • • • No involvement of students in menu preparation Menu is almost the same as last year ‘All students like South Indian food’ Wrong Perception : ‘Self-service eliminates the long queues’ Low Cost is always preferred by students Students don’t know whom to contact for any complaints Students were unaware of the mess committee members or the supervisor Inappropriate timing of feedback at the end of semester when students did not have time Open Ended feedback form does not yield meaningful insights Feedback being taken from parents who are not the regular consumers • Lack of upward communication • • • Inadequate feedback methods • • • Absence of the proper Service Standards Customer Driven Service Designs And Standards Gap 2 Company Perceptions Of Consumer Expectations Incorrect Service Designs And...
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...United Kingdom in 1919. Measured by revenues and profits, Tesco is considered as one of the global leaders in international food retailing as a core business. In addition, its business also includes non-food products and services such as banking, insurance, telecommunications, health, entertainment and furniture. There are numerous Tesco stores in 14 countries with strategic diversification of investments having contributed to their achievement and progress over the last 12 years (Fame, 2010; Deloitte, 2010). Furthermore, according to Berwin (2009), the grocery retail-market structure of the United Kingdom is dominated by 4 influential firms an ‘oligopoly’ comprising of Tesco, Asda, Sainsbury and Morrison’s with a whole market share of 75.6%. Tesco, however, takes 30.5% of the market share of the retailing industry triggered by the achievement of economies of scale to maintain the advantage of price, outstripping the growth of competitors (Morris et al, 2004; TNS World panel, 2009). Table No.1 Source:tescoplc,2010 The main value for Tesco is to maximize profit and to provide goods and services that are cheap and affordable to consumers or the public. The company is also adaptable and quickly responds to the changes in the market. It has grown strong due to diversification into non-food products/ services, for example financial services and telecommunications. Furthermore, its success has been due to maximizing the local markets first then broadening up...
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...PRACTICUMERS IN THE FOOD AD BEVERAGE SERVICES IN DAVAO CITY BY: COLLO, ELOISA CARLOS, JASON ENRIQUEZ, LEILA ANNE COMPASION, MARIZ SINCO, CAROLINE MARAMBA, JENEVY CHAPTER 1 INTRODUCTION One of the fastest growing sectors of the economy is the hospitality industry. It attracts diverse kinds of people with different fields of interest . People have always gone out to eat sometimes and travelled for work or leisure purposes, and with these, HRM graduates working as staffs are needed to accommodate the clientele. The hospitality industry is defined as the activity of providing lodging, food and beverage and recreational services, which are included but not limited to hotels, motels, clubs, casinos, restaurants, recreation facilities, tourism, cruise line and theme parks. For many years now there has been an evident growing increase in the demand for competent skilled personnel in the food and beverage industry both locally and abroad. The said industry encompasses a wide range of specialized services. Responsible dining room management, qualifications, personal appearance, the importance of teamwork, customer service and up-selling techniques are key traits and know-how in this industry. It requires good knowledge on the organization of the dining room and table settings to classification of textiles, glassware, flatware and china. This also includes the management and service of wine, beer and spirits. In addition, know-how on hotel food and beverage operations...
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