Business Context of Hi Five Restaurant †MyAssignmenthelp.com

Question: Disuss about the Business Context of Hi Five Restaurant. Answer: Introduction In this report, a fictitious company has been chosen that is Hi-Five, a restaurant and it will set in the backdrop of Australia. The organizational structure of my restaurant will be discussed that will also include both the environmental forces that is the internal and the external that might have an impact on it. The Hi- Five restaurants needs to startup a cost of few thousands to millions. As per a survey, the set up cost raises to $275,000 or this can be the cost per sitting $3,046. The median cost for the building amount may be accounted to $425,000 or $3,500 in case of the seating arrangement. The risks that may affect business will also be eventually discussed and the different important functions are on the list. Body The organizational structure will eventually depend on the different aspects of a restaurant that has utilized the structure to highlight the hierarchy. The benefit is that the turnover rate is very high and especially between the front line employees. The best way to get an effective benefit from this section is to dedicate each one with a designated job (Laudien Daxbck, 2016). There is a need for anexecutive management who will eventually be the general manager or the GM who is the core responsible person of everything in the restaurant. Corporate culture is reflected through his policy and there is an importance to make the customers satiate their level of satisfaction. Compensation rates as well as hiring and firing are all based on his decisions. There are different shift supervisors who are solely responsible for proving different support, motivation to most of the people the schedules, complex issues that may arise are all handled by them. They are directly under the store ma nagers. The frontline associates that are required are the waiters and the receptionists who are directly in conversation with the customers. The bar tenders are also a part of the frontine associates (Laudien Daxbck, 2016). The cooks and the food preps are the next important associates in case of a restaurant start up. They cook for the customers as per their desired orders. They are into the cooking business and hardly comes into direct conversation with the customers. The clean up crew are also the ones who clean the dishes and removes the used utensils from the table. The basically has the duty to clean the table and much more. Internal forces (SWOT analysis) Strengths The world class environment of Australia helps to popularize the restaurant and make it more successful in context to the world. The environment is quire safe and almost all kinds of people stay here so diversity of dishes can be chosen. Australia is a country that posts positive vibes about different things and hence experimental menu and a change in different things can be done (Fisher, 2014). Weakness The start up plan is expensive and is not possible for all to afford it and this can be the first step towards the drawback of the plan. Australia is a busy place and adventurous even so to go with the flow of the environment one can try taking up the different risks that might be faced by the organization Hi- Five (Nwobal Michael, 2016). Opportunities There are different opportunities that needs to be marked keeping in mind the Australian environment. The country is one of the fastest growing country that helps in the infrastructure tourism industry (Munson, 2013). There are various scope for growing prospect in the Australian environment. The different opportunities needs to be kept in mind, while making the opportunity of the Australian environment. Threats The different threats that needs to be considered are the exchange rate and the different reasons for the environmental destruction. There is a need to maintain the sustainability of the environment. There are other threats as well in the world of the restaurant that serves different types multi cruisine foods (ztekin, i Karada?, 2015). External forces ( PESTLE analysis ) Political The Australian Government plays a major role of creating awareness in the field of the competitive landscape that needs to be characterized with the restaurant. The political climate is a democratic federal nation stating the different six states along with its two territories. The executive power lays in the hands of the Governor general, the federal cabinet that has a positive impact on the influence of the different political factors (Kimotho, 2013). Th Australian Government has vested its authority on the different laws that is based on the taxes and the different laws. Economical Annually an average of the 2.9% GDP growth has been demonstrated (PIOTRKOWSKI, 2014). A witness of annual downturn by .08% in the growth rate as helped to sort out the global crisis. As per the logistics and the food service industry in Australia, there are different essential factors that improves an expenditure that presents a segment that will eventually accelerate the recovery of it from the recession period in the economy. The prospect of the investment for a restaurant will eventually help from the repression that is occurring globally. As the disposable income increases the rate of the population in the different outlets will help to reflect a positive growth in the economy (Reymondet, 2016). Social The labor market has a characterization that is based on the income level promotions and the different other disadvantageous prospects that helps in the agility in the social way. The country Australia witnesses an exceptional case of upsurge in the birthrates that will eventually increase the dependency on the different government aids (SriRam, 2017). The Australian people tend to seek values that creates a focus on the different involvement and the adaptability that will help to satisfy the different menus for thirst. Technological The only few advancements that have been viewed in todays business is cost reduction, wider connectivity and the high quality in the different concepts that leads to the supply and market (Westfahl Fletcher, 2013). There are different sectors of an increased burden that helps the enterprise to pose for different attempts to make an advancement in case of the technological products. Legislation There are amendments on the different trade practices that will act as a law according to the reformed competition. The control over the market will refrain others from the entry and make it eventually an unlawful restraining rival. Environmental The Australian Government safeguards their environment by encouraging the private sector to help the entire population to secure its growth. There are strict regulations regarding the different series of the consignments that will eventually help to lead a contamination free nature. There is also an addition to the pledge that needs to bee take by any entrepreneur that will help to comply the pledge of the Australian administration in order to sustain in this environment (Westfahl Fletcher, 2013). Porters five forces Competitive rivalry This section mainly deals with the different effects of the firms on each other that includes the contribution on the high number of firms. The aggressiveness of the firms is also very strong but the cot of the switching plan is very small (Fisher, 2014). The competition in the food market is very high as it contains the low switching cost. Consumers can easily shift from the whole grain market to the retailers. Bargaining power of buyers The costs of the switching is low as well as the weak purchases of an individual. The information quality is quite high and better than the other countries. Bargaining power of suppliers There is a moderate scope of the different levels of the supply. The rate of the suppliers is very high that consists of the large size of the different suppliers that may be in group or any individual (Kimotho, 2013). Threat of substitutes In fact all start up businesses has this fear of the threat of the different substitutes. There is a vivid impact on the different products of the industry that is based on the high availability of the different substitute products. The products that are especially amongst those restaurants that have eventually survived and is now going good int the business. Threat of new entrants There is a comparatively high ease of doing this start up business plan that has low switching cost plans. The cost of dong this business is also moderate. Business model canvas The business plan can easily be evaluated by the help of this business canvas. This is a global standard form that has been used by different companies world wide in order to get the different sizes (Laudien Daxbck, 2016). This model is used forstrategic management of the different start up business templates that helps for documenting on the existing business. Conclusion From the above analysis, it is clearly evident and can be deduced that the core responsibilities and the capabilities of a start up business plan of a restaurant organization. The SWOT and the pestle analysis has also been provided with reelect to the restaurant stat up plan in Australia. The porters five forces have been used to judge the different external forces of the environment. The business model canvas has also been used as the modern business process that might affect thee different factors of the organization. An image of the canvas has also been provided for better understanding of the different scopes. References Fisher, C. C. A. M. 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