New User? Start here.
Error goes here
Please upload all relevant files for quick & complete assistance.
The following are the research objectives of the study:
1. To assess the customer service initiatives offered by wild bean cafe.
Porter’s five forces theory can be used here to analyze the potential market opportunities of Wild Bean café. There are five vital forces which can determine the possibilities in the business situation of the restaurant.
It is very easy for any provider to drive up the prices of the things they supply. That is mainly driven by a fair number of suppliers of the uniqueness of the product they supply which is the proof of their strength and the control over the company (Competition, market structure and market power within the hotel-supplier sector in Antalya 2016). In the field of market opportunities, the power of the supplier plays a vital role in the case of Wild Bean café.
Buyer’s power can mainly be decided by the strength of the buyer that how they are driving the prices down. If the supplier can drive the price up then, a buyer can drive it down with his/her power. Buyer power is a very crucial aspect in the field of market opportunities for Wild Bean café (Raff and Schmitt 2009).
Like any other business Wild Bean café also has the rivalries in the market. Market opportunities include the threat of competition as other cafes like the Wild Bean may try the same strategies to take over other cafes in the market ("Market study says Russian coatings market boasts solid growth rate, expansion opportunities" 2004).
In this part of the market opportunity, the customer may find a substitute of the things which is provided by Wild Bean café. For example, suppose Wild Bean café is providing a combo offer of a cheese sandwich and two cold coffees at $8 where customers find it cheaper while buying it individually from the market. This case of substitution can weaken the power of the café.
The facts of new entries can be a threat to the existing business of the market. Suppose Wild Bean café has some economic scales in place, or it has protected its key technologies for financial purposes. Then the new competitors can enter the market easily to weaken the position of Wild Bean café. The key technologies should be used by Wild Bean café efficiently. Without the further protection of the key technologies Wild Bean café should be a bit open minded to use the technologies.
The customer service initiative can directly or indirectly be indirectly being connected with the PESTEL analysis. If Wild Bean café wants to provide excellent service to the customer, it has to go through the six-part of this analysis such as political, economic, social, technological, environmental and legal.
In the political part, Wild Bean café has to go through the rules and regulation of the government in the case of providing services to the customer. It concern about the way which can be followed by the Wild Bean Cafe. By maintaining the strategy, Wild Bean Cafe develop their food quality more and better.
Economical part is also a part to be watched as the café should be aware of the fact whether they are making any profit or not (Yüksel 2012). The acceptance of the society is also a matter of concern for the café. The cafe industry is very high as well as a growing market. There are several important leaders opposite the Wild Bean Cafe. They are competing with other to take more share from the market. That is the main economic factor, and it might be a threat to all industries.
The social trends mainly introduced to concern about the health issues. Food like, coffee can also be a part of dangerous beverage. That's why people can always go for new and fresh juices. That may be tea or something. That the social analysis which must be concerned about the Wild Bean Cafe for maintaining healthy food products.
The technological fact is directly connected with the economic fact. Innovation in the technologies can lead the economic factor to the highest level of success. The Wild Bean Cafe need to develop new equipment and machines to beat the competitors. There were always high as well as increasing the variety of foods. To make some complicated food, the high standard technology was required.
The company of Wild Bean café must be done in a legal way. They have to satisfy the customers with all their efforts but obviously in a legal way.
Wild Bean Cafe need to some innovative measures regarding the environment. The cafe can develop their policies for recycling. Also, it is crucial for reducing waste and buildin g green.
Competition, market structure and market power within the hotel-supplier sector in Antalya.
Market study says Russian coatings market boasts solid growth rate, expansion opportunities. (2004).Pigment & Resin Technology, 33(3).
Raff, H. & Schmitt, N. (2009). Buyer power in international markets. Munich: CESifo.
Yüksel, I. (2012). Developing a Multi-Criteria Decision Making Model for PESTEL Analysis. IJBM,7(24).
To View this & another 50000+ free samples. Please put
your valid email id.
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
Get Moneyinto Your Wallet
Total 4 pages
*The content must not be available online or in our existing Database to qualify as
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2017). Applied Business Research Analysis. Retrieved from https://myassignmenthelp.com/free-samples/applied-business-research-analysis.
"Applied Business Research Analysis." My Assignment Help, 2017, https://myassignmenthelp.com/free-samples/applied-business-research-analysis.
My Assignment Help (2017) Applied Business Research Analysis [Online]. Available from: https://myassignmenthelp.com/free-samples/applied-business-research-analysis[Accessed 26 May 2022].
My Assignment Help. 'Applied Business Research Analysis' (My Assignment Help, 2017) <https://myassignmenthelp.com/free-samples/applied-business-research-analysis> accessed 26 May 2022.
My Assignment Help. Applied Business Research Analysis [Internet]. My Assignment Help. 2017 [cited 26 May 2022]. Available from: https://myassignmenthelp.com/free-samples/applied-business-research-analysis.
The respective sample has been mail to your register email id
* $5 to be used on order value more than $50. Valid for
We have sent login details on your registered email.
MyAssignmenthelp.com is one of the noted service providers that deliver essay help. We provide tailored essay assistance to make sure that student gets online essay help exactly in the way they want it to be written. We at MyAssigemnthelp.com have built teams of consultants, who readily attend every query related to help me writing my essay. We provide essay writing help in forms of tips and steps in order o assist students with tough essay assignments.
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2...
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l...
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba...
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c...
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste...
Get top notch assistance from our best tutors ! Excel in your academics & career in one easy click!
MPM755 Building Success In Commerce
SNM660 Evidence Based Practice
BSBHRM513 Manage Workforce Planning
MKT2031 Issues In Small Business And Entrepreneurship
MN506 System Management
ENGL 100 English Essay
HI6008 Business Research
BUSS5308 Australian Industrial Relations
INFO5301 Information Security Management
MGMT20144 Management And Business Context
Just refer 5 friends to earn more than $2000.
If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.
After the successfull payment you will be redirected to the detail page where you can see download full answer button over blur text.You can also download from there.
Or you can also download from My Library section once you login.Click on the My Library icon
My Library page open there you can see all your purchased sample and you can download from there.
That's our welcome gift for first time visitors
On APP - grab it while it lasts!
*Offer eligible for first 3 orders ordered through app!
ONLINE TO HELP YOU 24X7
OR GET MONEY BACK!
OUT OF 38983 REVIEWS
Received my assignment before my deadline request, paper was well written. Highly