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Small business development of Fair Fast food restaurant

This report covers the content that analysis of the Fair fast food restaurant is how to successfully operate and survive in the cutthroat market as a small business starter. Fast food and organized catering is nothing new to Hong Kong. Through SWOT analysis, we may easily find that Fair fast food had 12 years history in Hong Kong fast food industry and it is well-known as serving mainly Chinese food and its menu is frequently changed with seasonal favorites; secondly, it sufficiently concentrates on employees' development in order to improve their work performance. Furthermore, the cost of raw materials and shipping can also be reduced through economies of scale; lastly, its' menu design is outstanding and designed around four time segments to cater for different needs of customers. However, Fair fast food always gives the customers the images that it is a copycat, always copy the food recipe either from café de carol; further more, it suffered food quality control and financial instability. Upon the aspects of external environment analysis, the Fair fast food has positive condition like increasing "Not cooking" young couples, economic downturn period, food preference of younger and teenagers, its' ascenda


Acting, moving, or capable of moving quickly, swift, and accomplished in relatively little time: it is expeditious, which combines the senses of rapidity and efficiency. Furthermore, use of paper products and plastic wraps keeps labor costs down: pre-sliced cheese, packs of jellies and ketchup while getting the customer to do the work. A limited menu restricted to items with a short preparation time would make fast service possible and would also be useful in streamlining operations.

In 1998, restaurant receipts declined significantly over the previous year by 4.1%. This was expected given the poor performance of the Hong Kong economy in 1998 and the combined effects of the tourist slump, chicken flu in January 1998, and SARS from 2002 until today. The economic situation worsened abruptly from mid-March with the onset of the severe acute respiratory syndrome (SARS) outbreak, with inbound tourism and local consumer spending particularly hard hit (www.hongkong.org). Based on the news from yahoo.com, Hong Kong Financial Secretary Antony Leung said SARS affected tourism and local consumption, resulting in the revision of Hong Kong's GDP forecast for this year from 3% to 1.5%. "SARS has exerted pressure on the deflation front," he said. "As a result the CPI is now revised downwards from originally negative 1.5% to now negative 2.5%" (finance.yahoo.com).

Café de Coral Group is the largest publicly listed Chinese Fast Food restaurant group in the world with over 340 outlets in Asia Pacific region, locally in Hong Kong headquarters; Café de Coral is the market leader of the fast food sector for over three decades (www.cafedecoral.com). Thus, it can be seen Café de Coral Group is the most competitive rival of Fair fast food restaurant. Even though the food menu design of Fair fast food restaurant is outstanding, it is not difficult to observe and compare that the food menu design of Fair fast food restaurant and Café de Coral are quiet similar no matter either on styles, or recipes. Moreover, Fair fast food often launches the similar new products or menus after Café de Coral. Therefore, Fair fast food always gives the customers the images that it is a copycat; always copy the food recipe either from café de carol.

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a way to analyze a company's or a department's position in the market in relation to its competitors. The goal is to identify all the major factors affecting competitiveness before constructing a business strategy. (Www.computerworld.com)

Fair's philosophy has always been to provide a wide range of good quality Chinese and Western cuisine at affordable prices in a bright, clean, and modern ambience. In order to ensure and enhance its competitiveness, fair continuously reviews, updates and improves the products it offers. To this end, fair constantly seeks to introduce new food products to its range in order to increase its variety, keep the interest of its customers, and thus build up their loyalty.

Some topics in this essay:
Hong Kong, Fast Acting, Kong Fair, Management Concentrates, Kong Chinese, Besides Fair, fast food, Dinner Products, Business Administration, fair fast, fair fast food, Chinese Western, Despite Chinese, hong kong, fast food restaurant, food restaurant, café de, café de coral, de coral, fast food restaurants, food restaurants, food menu, total amount, food restaurant established, chinese food,

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Approximate Word count = 3477
Approximate Pages = 14 (250 words per page double spaced)


  

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