Question No. 1:
Suppose you are manager of a well known restaurant and want to open a new branch for your restaurant in another city with the same brand and standards. What should be the CSF’s (Critical Success factors) for the successful running of new branch?
Critical Success factors
As we know the critical success factors are the business term. We explain it as, the most important elements or factors, which considered necessary for the running of business. Critical success factors are varying from business to business.
Know we discuss the some critical success factors that are help for the running for your new open branch of restaurant in another city with the same brand and standards.
Critical Success factors for the new open branch of Restaurant:
Under the finical factors you calculate the total project cost for new branch restaurants, you also evaluate the revenue, and profit margin. You keep in mind the status of peoples live in the city, how much they spend on special foods items. So, all the information you get through the finical research of your project. So, in case you need the strong finical base.
In case new business you must focus on the customer’s relationship management. Because yours initial customers after the successful service build your goodwill both in social and corporate level. In your foods items and services you also give preference to the customers taste, because customers come to you if you have some thing up to the mark from others. Through that you create your competitive advantage over the others restaurant.
Quality & Service
There in no compromise over the quality and service, which you provide to your customers. In foods business like restaurant, quality and service have great capability if you have that capability you done excellent. You must assess your that capability through every aspect.
Unique product identification in food items, form over the other restaurants has helped to create the competitive edge. You must have unique qualities regarded food meals and drinks also with unique services e.g. like, McDonalds, Pizza hut, and KFC.
Availability of raw material at acceptable cost is covenant for the restaurant and also cutoff the cost of related transportation expenses. Thorough you understand the food habits of the people.
Advertisements with offers
Your advertisements must be focused for the levels of social and corporate standards. In foods item important aspect of emotional advertisement must be include. Give them offers on events e.g. Eid, charismas, birthday, independence day, arrival of celebrities, local occasions and also make special discount offers, like e.g. cash discount on bundle meal, free new recipes, family promotions like free ice cream chocolates small toys for children’s.
Highly motivated employees
Highly motivated employees are the asset of your business. Improve them, further through, different skills courses, training workshops, sheaf consents must held that help full for the professional improvement of your employees.
After all the planning you must also prepare for your-self and your business for hazards and unforeseen situation. You must have some back up plan or situational handle tact’s.
Question No. 2:
Write down five CSF’s (Critical Success factors) for a Wimax Broadband company?
Wimax Broadband Company is a world wide internet services provider company.
He provides the internet service on mobile, laptops, and desktops, server computers through wireless modes and etc.
Five critical success factors for a wimax broad band company
Are given below:
1. Low cost and high amount of data.
2. Every where accebility.
3. High Speed.
4. No physical appearance.
5. Easily every one chaseable.