B120 An Introduction to Business Studies TMA01 By Student Name PI TMA01 – Part 1 CONTENTS: Page No. Part I – Report on Lodge Bistro 3 Summary & Introduction 3 Part (a) Identifying the problem 3 Part (b) Concepts applied to issues identified 3 Part (c) Recommendations 3 Part II: Contribution & Understanding - TGF 4 References 4 Part I – Report on Lodge Bistro To Patricia Lodge From xxxxxxxxxxxxx Date: Summary
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B120 TMA01 Part 1 Dear Patricia Lodge‚ In this report‚ as requested‚ I hope to help you understand the current situation‚ of the Lodge Bistro Chain. I believe the issues affecting the business are: staffing problems‚ growing competition‚ inconsistency in the approach of management‚ attracting lower spending customers‚ disagreement between managers and company standards lowering. Part (a) The staffing issue‚ more specifically the high staff turnover‚ is affecting the expenditure of the company
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Kindest Regards‚ Dean Word Count 256 Part B I personally believe that a SWOT (Strength‚ Weaknesses‚ Opportunities and Threats) analysis will be beneficial to Nick Newbury because it will help to try and define his business as an entity and also show room for improvement‚ outline any personal or specific goals for the future and how as a company it is underperforming. There are obviously limitations of what a SWOT analysis can achieve‚ it will struggle to find specific
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When identifying the different stakeholders based around Nick Newbury’s company‚ Original Travel‚ we can pick out those who have the highest power and interest. Nick Newbury and his co-founders‚ Alasdair and Tom‚ whose main role is to provide tailor-made short breaks‚ possess these two factors. Their primary expectations are too make a profit from the sales of their quirky holidays‚ but also see a growth on the company. By merging Original Travel with Tim Best Travel highlights this growth with a
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findings/recommendations below. The first technique I used was something we call SWOT‚ which basically stands for strength’s‚ weaknesses‚ opportunities and threats internally/externally within a business (see fig 1.1). I have included two tables below for your comparison‚ one based on the company in early 2000’s and the other 2010 onwards. Fig 1.1 (ref; http://businesscasestudies.co.uk/ikea/swot-analysis-and-sustainable-business-planning/swot-analysis.html#axzz2jKkA3pdH [accessed 31/10/2013] Early 2000 Strength’s
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Below is a free essay on "B120 Tma02" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. BU130 Working and Learning: Learning Contract Establishing your Learning Objectives My Learning Objective is to improve my prioritisation and planning skills to give me more time to do my work. I have chosen this objective because sometimes I feel overwhelmed with the amount of work I have to do. My approach under these circumstances can be haphazard and I
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Informal report of problems at The Lodge Bistro Chain using concepts from session 2‚ The External Environment (B120‚ Book 1). * Growing competition from surrounding food outlets * No healthy alternatives offered * No web based advertisement * Not appealing to the younger generation * No choice of less expensive meals or snacks Part B Using the STEEP model (B120‚ Book 1) I will highlight the problems at The Lodge Bistro in more detail. Sociological Factors The Bistro chains
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Part I In this short report‚ I hope to help you understand and change your current situation‚ using a concept from Study Session 2‚ The External Environment (B120 Book 1). Part (a) I believe the problems affecting The Lodge Bistro are: High staff turnover. Growing completion. Inconsistency in the approach of the managers. Conflicting Managers. Reduced spending by customers. Company Standards lowering. Dated Décor and Menu. Inexperienced staff. Low quality food being served. Custom
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gain a better understanding of the challenge they face to return to past glories (Preston‚ 2012 pg 17). Once Lodge Bistro understands the external forces at play they can look inwards and undertake a Strength‚ Weaknesses‚ Opportunities and Threats (SWOT) analyses (Preston‚ 2012 pg 30) to assist them with direction. | |Brand |Menu/Food |Quality Control |Staff | |Strengths |Established
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hope this helps in some way with your decision. Thanks word count part a 234 TMA 01 Part B The most basic SWOT analysis will examine how threats and oppurtunities can be dealt with while allowing organisations to utilise its strengths and weaknesses to meet its key factors. I think a SWOT analysis will be useful to Nick because it will allow him to have a better
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