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MANAGEMENT
PRACTICES
Madam Ayesha Ammanullah
25th may, 09
• HASAN ASGHAR SIPRA
(FA07-BBA-037)
• KASHIF RASHID
(FA07-BBA-048)
(FA07-BBA-052)
AWESOME FOOD
It is the enterprise which is honor to give you fast food services in more
then 25 cities in Pakistan. At “AWESOME” we share and learn what you
think.
Our mission is to give you quality food at its best. Facilitate you services
which provide you sensation to be at home. More important cleanliness is
our major priority and the last gain maximum share of values.
Our main target is the people of “low to mid income”. Busy people – anyone
on the go!!
• Families (Happy Meal)
• Teenagers
• College Students
ADMINISTRATIVE MANAGEMENT
We posses the administrative management theory in a way we put stress
on the unity of command ,unity of direction and equity like every employee
has to report to only one supervisor and their direction should be in a way
to entertain the organizational goals and every employee in same level of
management are treated equally
MANAGEMNET FUNCTIONS
Planning
• Planning is being done by our Chairman through the consent of our BOD. He
is the primary authority to make decision in our enterprise. BOD starts with
the Chairman and makes all the legal plans about our enterprise. Then BOD
brought all CEOs and Chairman’s, after discussion implement is made on all
of our franchises to gain maximum customer values.
• Now after all what is in the mind of our BODs to lead our enterprise. We
mainly focus on our strength, our brand name, maximization of our target
group, provide entertaining and ease to our customers, overcome our
weaknesses and face the criticism.
• As we know we are in the competition with major and proving same
facilities as we are proving like Mc-Donald, K.F.C and many more. As our
threats increases, our opportunities also increase in the battle field of
marketing. We have decided to open new campaign of “Going Green”
energy management and improving packaging efficiency. Now we opened
many new stores and newly introduced Mc-Café Coffee shop.
Organizing
• IT is easily being discussed through our respective hierarchy. Who reports
to whom and how. Through our hierarchy we detailed our primary men and
middle and them lower management. How task is being followed from top
to lower management. Task is done by the all according to their capability
and authority.
Leading
• It is also essential for any enterprise. And we believe in it, as we hire the
people who posses the influencing power conflict handling and networking
between our 25 cities. Leading also reflects how you deal with individuals.
Make connectivity between them, facilitate them, and also give them
priority. And we proudly make all the things done awesomely.
Controlling
• It is basically how well we monitor our regular work performances. We have
separate departments who used to evaluate the functions on monthly bases
and CEOs are obliged to give the report of whole performance of enterprise
at the end of every year to Chairmen. And if necessary amendments are
required then they took specified course of action
HIERARCHY
BOD
Chairman
CEO
General Mgr
Franchises
sys
Restaurant
Mgr
Shift
Supervisor
Counter
Workers
Maintenance
boys
Utilitarian approaches
We believe majority is authority so we follow the democracy principle in
setting up the rules and regulations .Regarding this we use quantitative
method for ethical decisions to satisfy the maximum number of employees
in an organization and to provide the greatest goods for greatest
numbers .And by following this approach where we need the large number
of employees so we hire their accordingly and where we need the large
workforce we shift it to the franchises or departments where their need is
required and it also depends upon the volume of sales where sale is high
there ill be large workforce as well .
Code of ethics
We are following the code of ethics “make somebody's day “
• Deceptive advertising is not allowed
• Perform assign duties to the best of your ability
• High quality product and services, we are delivering
• DONOT use slang and abusive language in an organizational
workplace
Corporate credos
• Knowing your customers’ needs is the key to our business success;
we are passionate about our cutomers’successess delighting them
with the quality of service of food. In customer relationship managers
are well equipped and well trained to provide the most efficient
service and they check and balance the relationship between
customer and employee
• We believe that the bottom line of any business is creating shares’
holders value to gain their trust and their confidence .we believe in
providing our investors timely and regular and timely information on
our activities
• We believe on caring of our employees and helping them to grow we
encourage the ownership behavior so that employee is responsible for
the performance and reputation of the organization .now for this
purpose we develop and enhance with employee skills and
capabilities through training programs i.e. we train them on the two
things FSM (food service module ) and CSM(customer service
module ) we give lectures on this subjects for three months and after
it we used to take the tests and evaluate the performances of each
individuals and on the base of that we make permanent or drop them
and this procedure is for the Middle management and top-middle
management is being trained in the head office RSC (restaurant
support center) and operational and non managerial employees are
being trained by assistant manager (middle management )
Communities
Partnershi
Disaster p and
relief sponsershi
p
Children
program
• We build good relationships with our partners and sponsors .we believe the
quantity of our truthfulness will produce the wealth for us .for that reason
we remain honest and truthful to our sponsors and partners
• We support the children's health organizations around the country and give
Aid for orphanages throughout and assist for close to children's hospital
MANAGERIAL ETHICS
Training
we train them on the two things FSM (food service module ) and
CSM(customer service module ) we give lectures on this subjects for three
months and after it we used to take the tests and evaluate the
performances of each individuals and on the base of that we make
permanent or drop them and this procedure is for the Middle management
and top-middle management is being trained in the head office RSC
(restaurant support center) and operational and non managerial employees
are being trained by assistant manager (middle management )
Whistle blower
It can be a key part of any company’s ethics programs because they are
willing to step forward and expose unethical behavior no matter what the
cost professionally or personally .like in awesome if the team leader
observes the unethical behavior of the assistant manager like he smokes in
workplace area and he doesn’t provide the team leader the balanced
amount of money against our work or he shows the favourism in procedure
following rules then team lead will tell to the restaurant manager about it
then that team leader would be named as whistleblower.
(CHAMPS)
About our culture we are very conscious and optimistic about it . we made a
culture like which reflects a family .our culture is most likely to encourage
ethical standards is one that is high in risk tolerance, control and conflict
tolerance our employees in such a culture are encouraged to be aggressive
and innovative and are aware that unethical practices will be discovered
and feel free to openly challenge expectations they consider to be un
realistic or personally desirable.
Visible culture
In it, we are being recognized as a organization who has dress code
and good customer relationship management which iz a visible thing
from which a layman can perceive something about us
Exposed value
It is totally opposite to the visible scenario, like the things which are
not be recognized by the lay man can be called as exposed values
like how employees thinks about the customers in real manner what
is the reason for the existence of this organization
SOCIALIZATION PROCESS
Pre arrival
We focus on the close contact with the customers like what they say about
our products what they feel what they want what the change they desire
because these kind things we believe if does well then a person will come in
the awesome with optimistic attitude
Encounter stage
And now when he encounters in real manner with the awesome then the
things he heard and listened from the media and people his mind works
accordingly to it so,we full heartedly focus and struggle on this part
because that one person is linked with 1000 people and he unintentionally
going to do the buzz marketing so we do care about our credibility
Metamorphosis stage
After it when he perceived the things now he is going to make the decision
which is not in our control like what should he say about it when he came
back the two things are going to be happened whether he is being inspired
or not .basically the decision process about an organization takes place in
this stage.
Awesome heroes
• In every organization there are some heroes who really work hard for the
organization and give their 100% for the development of an organization
and will be awarded with some incentives or reward. Now at awesome we
have different ways to appreciate our heroes.
Awesome Language
• At awesome food there is not a specific language for employees to adopt
like e.g. Microsoft employees adopt has a unique language called work
judo” or death march for shipping new products etc. but eventually at
awesome food we develop different terms to describe things equipment like
NCR machine etc or products related to our business.
• On the other hand employees must know Urdu and English as a compulsory
language to communicate with the customers. Urdu because its our
national and officially language and English because it’s a international
language and the most important thing is that a person who can speak
English he can treat our foreigners customers in a better way and can
communicate easily but if they cant speak English fluently they must
understand it they should be good listener.
• Employees must treat all the customers with smile there should be smile on
their face that shows great gesture of employees towards customers and
it’s a very sweet gesture and can make a good long term customer
relationship.
LEADERSHIP
Being a important function of management leadership is also important at
awesome. At awesome manager motivate employees, team members and
influence individuals or team as they work and deal in any way with
employee behavior issue and concerned with employee job satisfaction that
they are satisfied with the job getting salary on time.
Types of culture
Strong culture
At awesome food we a strong culture Employees are required to follow rules
and regulation Managers supervise employees closely to ensure that there are
no deviations management is concerned with high productivity. At awesome
food our strong culture key values are following:-
• Commitment
• Integrity
• Fairness
• Teamwork
• SERVICE
Direct competition:
• KFC
• Mc Donald’s
The indirect competitors are local fast food provider and Bamboo. Awesome
does not consider Bamboo as its direct competitors. As Bamboo has a
limited menu and cater to different segments of society e.g. Bamboo is
catering to lower middle society of Pakistan..
Now awesome food provides more quality, taste and freshness and most
upscale services and charging acceptable prices. Awesome food is
introducing a new item “Vegetable Burger”, Burgers in different categories
at different prices with different combination of vegetables Vegetable
Burger, Chicken Vegetable Burger, and Beef Vegetable Burger with even
more attractive and charming taste as compared to the competitors.
PLANNING
Planning's role is to ensure that our underlying business performance is
analyzed & understood, that our business & units have suitably stretching
performance targets and that our continual drive to improve our business
returns is well on track. Planning involves the setting goals establishing
strategies for achieving those goals and developing a set of plans to
integrate and coordinate different activities seem pretty complicated.
Planning
Planning's role is to ensure that our underlying business performance is
analyzed & understood, that our business & units have suitably stretching
performance targets and that our continual drive to improve our business
returns is well on track. Structurally, Planning is split into three teams:
• Business planning, who manage the total business and individual unit
budgeting process, as well as providing commercial analytical support
to our Operators
• Strategic Planning, who drive the long range planning process, and who
support strategic projects around the business
• Financial Investment, where our focus on returns is displayed through
control of our investment processes
STRATEGIC MANAGEMENT
Analyzing External and internal environment
SWOT Analysis
The purpose of SWOT is the matching of specific internal and external
factors, which creates a strategic matrix and which makes sense. SWOT
analysis determines what may assist the firm in accomplishing its
objectives, and what obstacles must be overcome or minimized to achieve
desired results. One commonly used strategic tool is the SWOT Analysis
which is used to analyze those factors that may influence success.
SWOT Analysis stands for:-
S: Strength
W: Weakness
O: Opportunities
T: Threats.
STRENGTH
• Our company has a good financial position
Economic Conditions
Economic conditions are very important to see for doing any business in a
particular country. Now In a Pakistan there are many implications in the
economic sector and the growing food industry in Pakistan also face
different economic circumstances so same as this can be happened with
awesome food because now a days there is a Shortage of flour and sugar in
a country due to this fact the prices of flour and sugar are raised due to
which production cost been rise up. So due to this fact this fluctuation can
effect the awesome in a way that the production cost of awesome can be
raised after facing this fluctuation and the result of this may be in result of
increase in prices of awesome products. On the other hand the inflation
rate increases it may also a cause of increases in sugar and flour prices and
can be a source of trouble for awesome production process.
Political and legal forces
Political stability is also very necessary for any country and also it has
importance for doing any business in a particular country but un fortunately
in Pakistan there is been no political stability at any period of time. So this
may also affect the food industry in a country. There is a significant
pressure on the average food industry and basically the political instability
effect the food industry by mostly arising a high level of taxes like e.g. the
15% of central excise duty and the sales tax 18% which total taxes about
36% on retail prices we can say that increasing tax rate can be trouble for
awesome food too for surviving in a profitability ratio.
Socio-cultural Conditions
Socio-cultural conditions also does matter to operate any business in a
country and there has always been specific different social trend regarding
food industry and for awesome as well. Socio cultural condition can effect
the awesome in a way that those people who do not like unhealthy fried
fast food or the health conscious persons will not be attracted towards
awesome and the people who just like home cooked meals or the desi food
will not be attracted towards awesome. On the other hand a major social
trend in a rural areas of Pakistan still presenting guests with typical village
food like lassi and saag due to this fact those people who like typical village
food even though they migrate from rural to urban still like that food .Socio
culture also relates to the changing customer demand .So in this case
awesome will also face trouble to attract those type of customers
Demographic Conditions
Now the demographic conditions encompasses trends in the physical
characteristics of a population such as age, geographic location income etc
Now awesome also majorly target specific group of people 13-19 years for
children and also target adults from the age of 20-50 years now if people of
these age group do not attracts towards awesome then there’s been a
somewhere problem so managers must organize and control this factor. On
the other hand awesome usually target average income level now if the
income level of people fluctuates or goes down then their demand for the
awesome products will be decreased so this may affect the awesome food.
Technological Changes
Now technological changes are obligatory for recombining existing
knowledge to develop new process and materials. Now at awesome
whenever we try to develop new product we must go through the specific
process in which we involve idea generation in which we get ideas as much
as we can using internal and external sources after that Secondly, we use
idea screening in which we drop down poor ones now after getting the idea
we develop specific strategy and do business analysis of that product on
the other hand we do technological changes regarding machinery by
upgrading NCR ,Credit machines just to meet the demand and to facilitate
the employees .
Monitoring
Now after identifying those factors and conditions which directly or
indirectly effect the organization we must keep on eye on those factors Now
awesome keep on eye every external general environment like awesome
keep on eye on economic sector to see and analyze economic fluctuations
and problems arises like prices of flour and sugar raised and analyze also its
effect on awesome on the other hand must aware of the government
policies or tax rate polices regarding sales tax or duties to run the business
in a profitability ratio. At socio cultural awesome must keep on eye on
customers changing demand and those customers who do not like fast food
or not attracted by awesome. In demographic conditions awesome must
need to analyze the specific income level group and their income
fluctuation and the specified target group of age for the awesome products
and in the technological changes awesome must need to take care of the
new product development process or the up grade of the machines using in
the organization to meet the requirement.
Forecasting
Forecasting is all about to predict tour future anticipation the importance of
the firm or the time frame. Now at awesome we forecast about our
competitors KFC and Mc Donald that may be they will launch a new or
innovative product with combo price and good quality that product can
affect the awesome business process by attracting awesome customers
towards them. Now in this way awesome use controlled test marketing in
which we can make defensive strategies or come out with new product
before our competitor launches the product because in this thing the timing
is very important so in this way we can beat our competitor product before
launching or commercialization of the product.
Assessing
Now in assessing we evaluate the environmental data for the implications
of the firm. Now due to the recent economical condition of Pakistan in which
we are facing shortage of flour and sugar due to this fact the prices of raw
material called ingredients for the finish product has been increased due
to this fact awesome competitors KFC and Mc Donald increase their prices
of the products on the basis of their strong brand equity or the strong
market position but now this is the time for awesome to overcome their
competitor or to break their regular customers by giving them a surprisingly
offer by not to increase their prices of their products and too away their
competitor market share now in this way we can increase our number of
customers in an organization and we will be able to get more profit margin
in the long run .
Industry Analysis
Threat of new entrance
Threat of new entrance is always been in any kind of industry. Now for
awesome which is a fast food industry also has threat of new entrance As
awesome food already has its strong competitors in the market like KFC
and Mc Donald etc So the entrance of new competitor as a threat can also
raise the problem for awesome Now to avoid or to stop this new entrance of
threat awesome make its strategies regarding market and valuation of
products so strong so due to this fact it will not be easy for any one to enter
into the industry first of all he would have been match up the strategies of
awesome and other organizations as well. Somehow on the other hand
there are also some other factors in this food industry due to which no one
can easily make their entrance Firstly, There are established brands
identities in your industry like Mc Donald etc Secondly, there is a lot of
capital needed for the industry and the service use of expensive equipment
and finally the overall cost or strong financial plan to set up franchises in
different areas.
Threat of Substitutes
As awesome food have different competitors in a market like KFC and Mc
Donald So due to this fact Some how there is a similarity of offering
products between awesome and its competitors like both are offering
products like Zinger burger ,French fries, Nuggets Sand witches and many
more etc now in his way we suppose the If awesome take a step and
increases its product prices then the result may be the switching of
awesome customers towards hi competitors because some customers do
not compromise on price same as this thing related to product quality if
awesome product quality don’t match up with the customers taste and
expectations then in this they can switch to the competitors where they
found food according to their taste. On the other hand the traditional
Pakistani dinning, home cooked meals, food streets, Street vendors are also
count as substitute products.
Threat of Supplier
Now At awesome we have different type of suppliers which are responsible
to supply us the required particular items and those suppliers include
Poultry products supplier , Cooking Oil and Bakery products Supplier , Paper
and Packaging Supplier , and construction related machinery supplier . Now
if one of the supplier missed in this whole process or Switch to our
competitors by having a great deal so due to this fact the work cannot be
done in an efficient manner and we got to be in trouble on the other hand if
one of the supplier stop supplying us the required product due to the
circumstances like poultry product supplier stop supplying us chickens due
the disease of bird flu so due to this fact we will be facing a problem or
finding out a new supplier so this might be also include as threat of supplier
to the awesome.
Threat of Customers
Now the threat of customer is a major threat of any business process
because customers are the ones who just run the business process. Now at
awesome we must take care of our customers by giving them quality
customers service and also offering them special meals deals on a
reasonable prices At awesome we must take care of the product prices and
product quality because these are those important elements which grab the
attention of the customers but if we will not focus on product prices and
quality this can be a cause of Switching customers towards competitors like
KFC or Mc Donald because if we will increase our product prices the impact
of the is action can be in the form of switching customers because some
customers do not compromise on prices same a with the product quality if
we do not focus on our product quality this may be also cause of switching
of customers towards competitors where they found better food quality or
the food which match up with their taste because like prices some
customers also not compromise on product quality .
Threat of competitor
Now threat of competitor is also a major threat in the market awesome
must keep on eye on their competitors include KFC Mc Donald, Pizza Hut
etc. Now awesome must keep on eye on their strategies and their
innovations as well as the must analyze the prices of their products
because if they decreased their product prices by using pricing strategy this
can effect the awesome and focus on whether they broader their product
line or not and by doing the strong advertisement and marketing
campaigns they can attract customers towards them so all of these are
those threats which must be analyzed by the awesome.
Threat of
new
entrance
Substitute
Products
• Reputation
• Technology
• Human Capital
Reputation
Reputation means Consumers have a tendency to buy product or services
from a firm that is detained in esteem. Being the new one in the market
awesome try to build its strong reputation in the market even though
awesome got the good market share and financial position and in start
establish its good reputation in market but not at the peak level because
still awesome has the danger of the failure of its new product development
as compared to its competitors like Mc Donald who got the brand equity. On
the other hand awesome try to build its strong reputation in the eye of
customers by offering them good meal schemes on reasonable cheap price
with high quality and also do aggressive promotion for its products due to
this fact consumers attracted towards awesome and that time is not that
far when awesome will also recognize as brand equity holder.
Technology
Every organization uses different types of technologies in their organization
who match up with their type of industry. Awesome is related to the fast
food restaurant At awesome we use computerized information system and
modeled its simplified product offerings on Awesome menu At awesome we
particularly use Transaction processing system this system is a
computerized system that perform and records the daily routine
transactions necessary to conduct business such as sales order ,flow of
materials and inventory ,product offering at awesome menu in an
organization , Material resource planning, employee record keeping, cash
deposits, How many parts in an inventory? Because we usually deal with
number of customers on daily basis so due to this fact we record daily cash
deposits etc.
Human Capital
Now at awesome we hire the skilled and qualified workforce which supports
the firms continuous development process and that’s reflect the value of
the human capital in an organization At awesome we hire those assistant
managers middle management in pur franchise who have done MBA with
some experience and after hiring them we give them Training regarding
Food service Module and customer service module we give them work book
manuals for more information and the restaurant manager training always
been held in head quarter of awesome which is in Lahore. So in this way we
got the large amount of human capital in our organization which can
contribute or take a part in the development of the organization.
Analyzing the firms’ capabilities
Now at awesome we analyze the firms capabilities with the help of the
value chain analysis that’s attempt to identify the value added of each
activity.
Technology
In this case of technology we include both tangible resource
technology and intangible resource technology So at awesome we
use different types of technical machines for check and balance of
credit like Credit machines ,NCR machines , Machines & equipment
regarding food production and in Intangible resources we applied
computerized information system that’s helpful to cost effective
operation in which we use Transaction processing system because at
awesome we deal with many number of customers daily we usually
have to do routine tasks Such as to record daily cash deposits ,sales
order, material resource planning etc.
Product Design
Now after analyzing material resource planning in an technology
process, Analyzing the financial plan for the products offering in an
organization ,preparing balance sheet, now it’s the time to make the
design of the product being the fast food restaurant awesome made
design of different type of fast food products include Burgers, fries
.Nuggets etc.. At awesome we work on the basically the size and the
composition of our products what actually their size should be? our
product size and composition should not look like our competitors and
emphasis on the quality which should be at least better than the
competitors and on the other hand the style that simply describes the
appearance of the product .Good design contributes to a product
usefulness as well as its looks and begins with a deep understanding
of customer needs.
Manufacturing
At awesome in the manufacturing function we first of all acquired
inputs needed to produce the firms products and services as
awesome has its own suppliers basically awesome purchase or dealt
with those supplier which supply them different types of raw material
I in these suppliers we include Poultry products supplier , Cooking Oil
and Bakery products Supplier , Paper and Packaging Supplier , and
construction related machinery supplier .Now after getting all the raw
material from the suppliers then we do the scheduling of
equipment ,facilities, materials to fashion finished products in which
we also analyze the quality of the products as well and for the quality
control we must control the action of the machine and equipment.
At awesome some of the products which we are offering to the
customers in menu are as follows
Products
• Beef Vegetable Burger
• Chicken Vegetable Burger
• Zinger burger
• Chicken burger
• Simple Vegetable Burger
• French fries
• Chicken and beef vegetable roll
• Garlic Stuffed Burger
• Nuggets
• Fruit salad etc…
Along with
• Reasonable price
• Quality
• On-time delivery
Marketing
The marketing function is responsible for selling the awesome products to
the customers and identify the customers for the awesome products now
due to this fact we first of all find our target market what it would be? To
whom we are willing to sell our products and services.
Demographic segmentation
Awesome will target children from the age of 13 to 19 years. It will also
target adult groups from the age of 20 to 50 yrs. Awesome will be targeted
to those peoples who are vegetarians and also non-vegetarians for the
change. Products will also be designed for those who are health cautious.
According to income level the awesome will target those groups which have
moderate income level because we are not charging high prices.
Our business usually target many cities of Pakistan include Islamabad ,
Rawalpindi, Lahore , Karachi and many more cities where we have opened
our franchise but According to living level awesome will Specially target
those group of people who are foreigner living in PAKISTAN and specifically
ISLAMABAD.
Geographic segmentation
Awesome will usually target many cities of Pakistan include Islamabad,
Rawalpindi, Lahore, Karachi and many more cities where we have opened
our franchise .Awesome also targets those areas where foreigners are in
majority because these foreigners are very valuable customers in our
business We find that foreigners are majority in Islamabad So awesome
usually targets different Islamabad areas like F-sectors, G-11, E-sectors,
Blue area and most areas of I-sectors. In Rawalpindi our market will be
areas like SCHEME-3, BAHRIA TOWN, SAFARI VILLAS and other posh areas.
TARGET MARKET
• The business will especially attract customers wanting a variety of new,
creative and original burgers with a combination of vegetables, beef,
chicken and also who is health conscious.
• The business will target children from 13 to 19 as they like to
experiment, discover new things and tend to follow trends and also
adult group from the age of 20 to 50 yrs.
• The business will also target foreigner living in Pakistan. Islamabad is
more populated as compared to other cities of Pakistan.
Pricing
Pricing objective
Pricing objective is to penetrate in the fast food market and then maximize
profit in the long run.
Pricing strategy
Our competitors are established from a long time therefore we set our prices
lower than their brand and this price strategy will help to attract customers
towards awesome as well.
Promotional objective
• To enhance the awareness of awesome and its products among target
market.
• To develop a positive image of awesome.
• To design a promotional campaign in such effective manner so that
consumer can switch over to use our brand from their present brand.
Promotional strategy
• Promotional Device: Television (PTV Home and in Cable television channels
especially Geo, ARY Digital)
• Magazines: Different Sunday Magazines
Advertising
We will do advertising to promote awesome products and to build the
demand it in the market. Now for this purpose we will do different types of
advertising in which we include:-
Broadcast media:
• We will use television broadcasting because it is a mass
advertisement media.
• Under this we will select peak hours from 7 to 9.
• Under the introductory phase our advertisement duration will
be standard i.e. 30 seconds for 1 month then for 2 month it
will be b/w 15 to 20 seconds.
Publication media:
• Under publication media we will use both magazines and
newspapers:
Form
Best benchmarkin
Practices g planning
team
Analyzing of
Data to
identify
performance
(Steps in benchmarking)
Mission Statement
To provide health with distinct taste and depreciates expense.
Strategy Formulation
In the strategy formulation we design those strategies which are helpful to
achieve the firm’s mission.
Corporate level strategy
Corporate level strategy is used to determine what kind of business an
organization should be in or wants to be in. Now awesome use corporate
level strategy in a way by using growth and retrenchment strategy which
are the part of corporate level strategy
Growth strategy
Now in a growth awesome seeks to increase the organization business by
expanding the number of products offered or markets served and the main
purpose of awesome of using this strategy is to increase and maintain the
sales revenue, market share, number of franchises in a country or other
quantitative measures because as our competitors have their brand equity
and on the other hand they are also try to expand their business by
increasing products or by opening new outlets in a country.
Retrenchment Strategy
Now awesome use retrenchment strategy if awesome finds any problem
regarding its product performance, customer satisfaction, new product
development introducing by a competitor or new marketing strategy of the
competitors then this strategy will be helpful to get out of this problem
because these kinds of problem may effect the awesome in a short run way
so for this purpose awesome designed retrenchment strategy.
Portfolio Analysis
Now in the portfolio analysis we have two types of it.
• McKinsey-General Electric Portfolio Analysis Matrix.
• Boston Consulting Group’s Growth-Share Matrix.
McKinsey-General Electric Portfolio Analysis Matrix
Now in this portfolio analysis matrix has three different
recommendations or aspects which are as follows:
Hold products
At awesome we got two products Nuggets and Chicken and beef vegetable
Roll at the Hold stage and at this stage awesome finds sufficient resources
for these products and still do focus on them regarding quality and taste
and just wait n watch that will these products will be profitable in future ?
Build products:-
At awesome we have three major key products which are generating sales
these products are beef vegetable burger, and French fries and Zinger
burger. Now awesome is putting more resources and concentration towards
these products regarding their quality taste etc So that they will maintain
their position in future.
Boston Consulting Groups Growth share Matrix
This portfolio analysis is also called as BCG Matrix Analysis this approach
also has four different aspects
• Stars (High Market Share, High Growth Rate)
• Cash Cows (High Market Share, Low Growth Rate)
• Question Marks (Low Market Share, High Growth Rate)
• Dogs (Low Market Share, Low Growth Rate)
Awesome Categorized his products according to BCG Matrix in this way
Stars
Now Stars are those products at awesome which have high market share
and high growth rate. In this category Awesome has three products which
have high market share and growth and those products are French fries,
Zinger burger, and beef vegetable Burger awesome has so many customers
of these products as compared to the others.
Cash Cows:-
Now cash cows are those products at awesome which have high market
share and low growth rate .In this category Awesome has one product
which is chicken Vegetable Burger it has good market share but slow
growth rate .
Question Marks
Now Question Marks are those products which have low market share but
usually high growth rate now awesome has two products include Nuggets
and Chicken and beef vegetable Roll they hold a small market share
percentage.
Dogs
Now Dogs are those products at awesome which have low market share
and low growth rate in this we got only one product which is Garlic Stuffed
Barger We are not generating any sales revenue from this product at
awesome as well. Perhaps people do not like this product.
Types of diversification
There are so many types of diversification Strategies but at awesome we
use Two specific Strategies which are as follows
• Concentration Strategy.
• Vertical Integration Strategy.
Concentration Strategy
At awesome we follow Concentrate strategy because being the new one in
the fast food industry we do not want to take a risk to diversify to another
industry. So we try to focus on a current single business due to this fact
awesome has opened its franchises in many cities of Pakistan include
Islamabad, Rawalpindi ,Lahore and Karachi and many more as well
awesome wants to expand his business in a country as much as he can. At
awesome we concentrate on our primary line of a business and increase the
number of products offered or market served, Sales revenue in this primary
business.
Vertical Integration Strategy
At awesome we acquire businesses that are supply channels or distributors
to the primary business so due to this fact awesome use two types of
integration strategy.
Backward Integration Strategy
Awesome has purchased some suppliers due to this fact awesome
has its sown supplier which supplied awesome with raw material
included Poultry products supplier, Cooking Oil and Bakery products
Supplier, Paper and Packaging Supplier, and construction related
machinery supplier. So in this way awesome produce its inputs
himself.
Forward Integration Strategy
Now awesome also use this strategy by becoming its own distributors
awesome has its own franchises for selling its products awesome
does not has any others distribution channels for his product selling.
Human
resource HR Tactics Staffing Process
Planning
Orientation Training
Performan
ce Compensation & Career
Managem Benefits Development
ent
Diversity Training
Diversity training session helps the employees in a way that they educate
managers and employees about specific cultural and gender differences to
help them respond them in the workplace. Now at awesome we trained our
employees in our head quarter which is in Lahore restaurant support centre
regarding all the necessary diversity issues that will be helpful to the
employees to work at workplace with different race, age, social status,
people with disabilities and the like In an effective manner.
MOTIVATION
Motivation is basically related to the processes that explain for an individual
keenness to exert high levels of effort to reach organizational goals
conditioned by the efforts ability to satisfy some individual need.
At awesome we motivate our employees by using two different theories
which are equity theory and ERG Theory
Equity theory
At awesome the first theory which we used to motivate employees is equity
theory in which we give equal rights, rewards and opportunities to all
employees equally. According to equity theory employees compare their job
outcomes and inputs ratio with that of relevant others and then corrects if
found any inequity. Now at awesome we believe that employees found their
ratio to be equal to those of relevant others a state of equity exist in other
words he finds his situation is fair that justice prevails and in this way he
will be motivated and do focus to enhance its work performance .
Outcomes A = Outcomes B
Input A = Inputs B
Equity Ratio
Awesome impose and enforce rules fairly and impartially at awesome food
every single job has its importance like if there is a maintainer boy has
been employed in an organization then its obvious that there is a need of
him so we also treat him with justice and take care of his rights It provides
the same rate of pay to the individuals who are similar in their level of
skills, performance and responsibilities
• Distributive Justice
At awesome this means perceived fairness of the amount and
allocation of rewards among individuals At awesome food we
don’t take biased decisions like if any employee is the nephew
of chairman or any other top manager and the other is not they
will be treated equally in case of distribution of rewards,
incentives and procedurals duties as well so in this way we treat
all our franchise middle managers and non managerial
employees equally.
•
Procedural Justice
At awesome food the rules and regulations are same for every
employee’s .we hire the employees with the bench standards
we made and there will be no variation according to various
changing situations.
ERG Theory
At Awesome the second theory which we used to motivate employees is
ERG Theory ERG theory is basically related to needs and based on three
core groups’ existence, relationships, and growth.
E: Existence
R: Relationship
G: Growth
Existence:
The existence group is concerned with basic requirements of life
corresponding to psychological needs and safety needs. At awesome
the first object which we focus on is to take care of our employees
basic psychological and safety needs Firstly we give salaries to our
employees on time however they fulfill their needs on time What ever
they want to do or purchase in this way employees get motivated
Secondly if any employee has not proper arrangement of shelter then
in this case awesome arrange proper and safe haven for him. Where
as regarding safety need Awesome do not give any danger task to
employees awesome usually offers danger avoidance jobs to
employees awesome provides healthy working conditions for his
employees and reliable day to day activities so in this way employees
will be motivated.
Relationship
The relationship group of needs is concerned with people desire for
social support , interpersonal relationship etc Now at awesome we try
to make strong relationship between managers and employees and
believe on supervisory support at each level in an organization
Awesome food gives free speech right to employee and freedom of
conscience employees can share their opinion with their supervisors
or managers in a friendly environment where as if employees got any
problem regarding any problem so this may also discuss in an friendly
environment Awesome celebrates his employees birthdays so at
awesome we make birthday parties for our employees and give
different gifts on that occasion so this shows a positive sign and a
way to motivate employee in a nice manner. At awesome food there
is the right of privacy, delicate matter of every employee are confined
and not disclosed to any one so all these efforts will get motivated to
employees.
Growth
Now after getting the basic requirements of life or psychological
needs and making a strong social relationship in an organization now
it’s the time to growth and raise your bar from the previous stage and
try to find out what you need to become or what you are capable of
becoming this include in a higher order need basically it’s the time to
find and develop your talent Awesome do focus on this part of the
story and observe those employees who perform their duties
efficiently and who are basically problem solving persons who got
sharp mind and are precious for organization may be he can be
awesome counter worker or the assistant manger designation doesn’t
matters if he is capable of becoming something big in future we treat
all of them equally and on the other hand these kinds of employees
can be the part of top management of an organization in a future
because of his skills so awesome motivate these kinds of employees
by giving them promotions ,increment on salary all of these
incentives are on skilled based and may be he will be awarded as
employee of the year so these kinds of efforts are helpful for the
organization to get those employees in touch with the organization.
LEADER SHIP
At awesome leadership is all about the process of influencing employees
toward the achievement of goals.
Theories of leaderships
At awesome we consider two theories of leadership which we think that can
be utilized in awesome and these theories are as follows:-
• Trait theory.
• Behavioral theory.
Trait theory
Trait theory is basically related to an individual personal trait and this
factor is very obligatory for any manager and helpful to control and
coordinate organizational work activities these personal traits can be
the Self confidence, honesty and integrity, intelligence, job relevant
knowledge, desire to lead .Now at awesome being the fast food
restaurant we have opened many franchises in different cities and in
each franchise we have restaurant manager and numbers of assistant
mangers which have the responsibility to lead and control the
organizational activities of awesome on the other hand at awesome
franchises we deal with customers every day or we can say its
customer oriented business so in this way its important for managers
to make long term customer relationships by doing customer
satisfaction in a way of solving their problems like service or food etc
and these mangers can manage the organizational activities
customer satisfaction and all others responsibilities if they have
personal traits like self confidence ,intelligence, tolerance, honesty
and integrity and many more which we mentioned above
So awesome focus on personal traits for their mangers because
awesome believe that if managers have the personal traits they can
tolerate customers and keeping in mind the rule of customer is
always right then in way they can be an effective mangers and
leaders for the organization.
Behavioral Theory
Behavioral theory basically identified behaviors that differentiated
effective leaders from ineffective leaders and describes what efficient
manger can do? Now at awesome we consider behavioral theory
because it’s related to the employee’s behavior that shows behavior
of employees at work place in which we include specifically awesome
franchises managers that how they behave with other employees at
work place or they should be? Now in this way we discuss important
points which are as follows
Initiating Structure
Initiating structure is the element which shows and
identified roles or duties of mangers and other employees
in an organization to attain the required objectives of the
organization. Awesome focus on designed initiating
structure because due to this factor Restaurant manager
can set performance standards of employees of a
franchise in which we include assistant managers,
supervisors, counter workers etc like how can the
assistant managers assigned duties and can control and
coordinate first line managers include supervisors,
counter workers and other non managerial employees
and then reports to restaurant manager same as with
shift supervisors they have to control and observe counter
workers individually and then reports to assistant
managers regarding their performance .
Leader ship Styles
How ever there are two leader ship styles have been established which are
autocratic style and democratic style Now at awesome we specifically use
democratic style of leadership.
Democratic style
As awesome believes on employee oriented behavior and to work
like a team and share different ideas, decision with employees and
take their opinion regarding any matter or include employees in
finding out the solution for the particular problem arises in the
franchise so that is why awesome chooses democratic style for the
organization’s.
Path goal theory
In path goal theory basically it’s the manager’s job to assist his
employees in attaining their goals and to also provide direction to
attain the organizational objectives. Now at awesome we utilize this
theory because in awesome franchises managers plays an important
role to run the franchise activities properly in an efficient manner and
this can only be done if his coordination with employees is quite good
like at awesome weekly meetings held in franchise between
restaurant manger and assistant managers in which restaurant
manager discuss different matters with assistant mangers and
assistant managers also give weekly report to the restaurant
manager and they also discuss with restaurant manager if they or
non managerial employees are facing any problem regarding any
decision or activity and give their opinion on that particular issue how
it should be solved to attain the organizational objective in awesome
the first line mangers and non managerial employees like supervisors
and counter workers are supposed to discuss their issues with
assistant managers then assistant mangers discuss those issues with
restaurant manager in this way at awesome we make the strong
chain between middle management level and low management level
by doing these efforts by managers other employees came to know
that what expected of them how the work to be done.
MANAGING TEAMS
Teams
Teams are basically groups in which member’s works on a specific common
goal or objectives using their mutual accountability and skills.
Types of teams
How ever there are so many types of teams but the project team is
basically suits to awesome.
Project team:-
At awesome being a fast food restaurant we take different delivery
orders so for that purpose we make teams which are used to deliver
the order to the specified customers on time its mean that awesome
make efficient team for that purpose which are applicable to deliver
the required order on time where as on the other hand we make
project teams inside the organization which are mainly focus on
customer service and these teams are called particularly counter
team and the members of this team are called counter workers. So at
awesome we utilize project team in a two way in an efficient manner.
MANAGING COMMUNICATION
• At awesome, we usually manage the communication by arranging meetings
which is beneficial to send the rich information face to face by which
interactivity rises
If something happens bad or good in awesome we often use the memo the
written communication which is for all the employees who can read
simultaneously at the same time
Communication skills