Case Study Dave And Busters
Issue Definition Jia Min Lin
When forming a business, there will always be issues that arise when making a decision for the company. Whether it will be a simple or difficult decision, you have to take into consideration of both and see what the best decision is for the company. Some decisions may have a positive impact on the company whereas, others will not be the best result for the company.
Background of Dave & Busters
Dave & Buster’s is an American restaurant and entertainment business where they offer arcade games, drinks and food. It is a great time for families, friends, parties, or just a place to have a fun time. It is offered to all ages and located throughout many parts of the United …show more content…
States.
When choosing this company, there will be many issues that we face such as competition with other entertainment venues, adapting to cultural dishes, trends and customer needs, and higher tax rates and expenses.
Competition
An issue that may arise with establishing Dave & Buster’s in a new location is competition with other entertainment venues.
Competition can lead into low profits. This issue can play a major role in the project as it can lead to the failure of having a successful Dave & Buster’s in a new location. Dave & Buster’s is known to have competitive edge against its competitors but at the same time, there are companies such as Champps, Hooters, and Buffalo Wild Wings that are known to have competition with this venue. This can cause an issue because all venues offer food, drinks, games, and other activities. This may be a problem if Dave & Buster’s is located near these venues. With competition, many customers might not choose Dave & …show more content…
Buster’s.
Also, other resorts, casinos, etc may arise in competition because they could offer better deals and prices to locals and tourists. Nearby resorts and casinos have regular customers and brand loyalty already established so it would be harder for Dave & Busters to gain this kind of loyalty from the people. Competition can make or break the company because if Dave & Busters moved to a new spot, we would need to adjust to the area. If we do not adjust then we just lose to competition.
Adapting to Cultural Dishes
Wherever Dave & Busters is located whether it is across the world or in another state, every culture has different ways of making their dishes.
Such as adding spices to their dishes, some cultures like their dishes sweeter or more savory. Depending where we relocate Dave & Buster’s a key issue would be serving food to our customers likings. This could affect the Americanized taste of the food. Tourists who are familiar with Dave & Busters may or may not like the cultural change. Not only does this affect tourist choice, but it would also affect the local restaurants nearby.
Trends and Customer Needs
Moving a company or starting a company can have a lot of benefits but some things can become a problem. Some problems that you can have are trends and customer needs. To open up a Dave & Busters in a new location, you have to make sure you keep up with the fast and changing growth of technology of that location and the widespread base of customer media. Nowadays, technology is growing and is changing rapidly so managers have to make sure they are keeping up with technology to attract their customers.
If you move the company in a place that attracts teenagers and make menus and games that attract them, it produces more revenue. If the neighborhood starts to change and more seniors and underage children make up the community, this can impact the company. There are ways you can avoid this by keeping up with technology and attending to customers
needs.
Higher tax rates and expenses The last key issue we find very important is higher tax rates. If we were to relocate Dave & Busters to another state or country, we would have to take into consideration the tax rates that we might face. In every state or country, tax rates are different and we would have to look into the area we want to relocate too and see how products are taxed there such as food, drinks, and games.
We would have to think about how much the cost of relocating the entertainment company will be, how much the rent is in the area we relocated Dave & Busters too and how much it is to purchase all equipments. These are all tax rates and expenses we would have to think about and will it be worth relocating the company to its new location.
Conclusion With careful consideration, we came with these several key issues that we think are important in relocating Dave & Busters. Everyone makes decisions every day whether they are easy or difficult and conclude to solutions that fits best to their everyday lives or company. We believe that competition with other entertainment venues, adapting to cultural dishes, trends and customer needs, and higher tax rates and expenses are the most important key issues when relocating our business.
When forming a business, there will always be issues that arise when making a decision for the company. Whether it will be a simple or difficult decision, you have to take into consideration of both and see what the best decision is for the company. Some decisions may have a positive impact on the company whereas, others will not be the best result for the company.
Background of Dave & Busters
Dave & Buster’s is an American restaurant and entertainment business where they offer arcade games, drinks and food. It is a great time for families, friends, parties, or just a place to have a fun time. It is offered to all ages and located throughout many parts of the United …show more content…
States.
When choosing this company, there will be many issues that we face such as competition with other entertainment venues, adapting to cultural dishes, trends and customer needs, and higher tax rates and expenses.
Competition
An issue that may arise with establishing Dave & Buster’s in a new location is competition with other entertainment venues.
Competition can lead into low profits. This issue can play a major role in the project as it can lead to the failure of having a successful Dave & Buster’s in a new location. Dave & Buster’s is known to have competitive edge against its competitors but at the same time, there are companies such as Champps, Hooters, and Buffalo Wild Wings that are known to have competition with this venue. This can cause an issue because all venues offer food, drinks, games, and other activities. This may be a problem if Dave & Buster’s is located near these venues. With competition, many customers might not choose Dave & …show more content…
Buster’s.
Also, other resorts, casinos, etc may arise in competition because they could offer better deals and prices to locals and tourists. Nearby resorts and casinos have regular customers and brand loyalty already established so it would be harder for Dave & Busters to gain this kind of loyalty from the people. Competition can make or break the company because if Dave & Busters moved to a new spot, we would need to adjust to the area. If we do not adjust then we just lose to competition.
Adapting to Cultural Dishes
Wherever Dave & Busters is located whether it is across the world or in another state, every culture has different ways of making their dishes.
Such as adding spices to their dishes, some cultures like their dishes sweeter or more savory. Depending where we relocate Dave & Buster’s a key issue would be serving food to our customers likings. This could affect the Americanized taste of the food. Tourists who are familiar with Dave & Busters may or may not like the cultural change. Not only does this affect tourist choice, but it would also affect the local restaurants nearby.
Trends and Customer Needs
Moving a company or starting a company can have a lot of benefits but some things can become a problem. Some problems that you can have are trends and customer needs. To open up a Dave & Busters in a new location, you have to make sure you keep up with the fast and changing growth of technology of that location and the widespread base of customer media. Nowadays, technology is growing and is changing rapidly so managers have to make sure they are keeping up with technology to attract their customers.
If you move the company in a place that attracts teenagers and make menus and games that attract them, it produces more revenue. If the neighborhood starts to change and more seniors and underage children make up the community, this can impact the company. There are ways you can avoid this by keeping up with technology and attending to customers
needs.
Higher tax rates and expenses The last key issue we find very important is higher tax rates. If we were to relocate Dave & Busters to another state or country, we would have to take into consideration the tax rates that we might face. In every state or country, tax rates are different and we would have to look into the area we want to relocate too and see how products are taxed there such as food, drinks, and games.
We would have to think about how much the cost of relocating the entertainment company will be, how much the rent is in the area we relocated Dave & Busters too and how much it is to purchase all equipments. These are all tax rates and expenses we would have to think about and will it be worth relocating the company to its new location.
Conclusion With careful consideration, we came with these several key issues that we think are important in relocating Dave & Busters. Everyone makes decisions every day whether they are easy or difficult and conclude to solutions that fits best to their everyday lives or company. We believe that competition with other entertainment venues, adapting to cultural dishes, trends and customer needs, and higher tax rates and expenses are the most important key issues when relocating our business.