Friday, February 28, 2020

International Trade Essay Example | Topics and Well Written Essays - 2750 words - 1

International Trade - Essay Example Dinner in the Sky operates in about more than 15 countries (Dinnerinthesky.com, 2010). Dinner in the Sky will use a crane to elevate the furniture, crew, food and 22 to 350 diners as high as 180 ft up. The company will also built a separately-supported "flying stage" to hold a piano and musicians so the guests can enjoy live entertainment while they eat aloft. The structure of the eatery will be portable and will need a space of almost 1500 sq.ft, hence can be held anywhere (sea side, public place, historical sites and fields etc), (Dinnerinthesky.com, 2010). The company's suspended table measures 26 ft x 19 ft (8m x 6m) and weighs approximately 17,600 (7983.25 kg) lbs fully loaded (11,000 lbs (4989.6kg)unloaded). Eight cables, connected at points on all four sides, bind the table to a crane. The company has planned to work with safety agencies before introducing the concept to the public. During inspection, seats will be overloaded with weights of more than 330 lbs (150 kg) each. Di ners will be locked into their chairs by six-point seat belts that operate from the back side of the seat so they cannot disconnect themselves. The company will certify its system for safety by European-based testing agency (Mills et al, 2003). ... smati rice, or an Asian grilled shrimp with spinach, tofu and black bean sauce, a special pasta dish entree every day, plus the 'all American meal' such as barbecue beef ribs and baked beans. The menu will change every 3-4 months, keeping the favorites. All these mouth watering delicacies will be offered at competitive prices. The restaurant will open seven days a week, serving from 6 pm to 2 am. Dinner in the Sky is available for a session of 8 hours. It can be divided or personalized according to the client's wishes. Dinner in the Sky accommodates 27 diners around the table at every session, with a chef, a waiter and an entertainer. Dinner in the Sky’s management team will comprise of personnel holding experience of being associated with restaurant management. The Restaurant Industry of Pakistan is the size of around more than a hundred. The web page of Karachi Snob.com, a famous tourism web site of the city contains comprehensive details of all kinds of restaurants which ar e spread out through the city (karachisnob.com, 2010). The restaurants are categorized with the type of cuisines which they offer. The customers usually dine out on weekends with their families and prefer to visit those places which offer good food at reasonable prices and a comfortable seating arrangement so as not to cause any inconvenience to the family. The size of the Target Market which the company will be specifically catering to would be the 10% of the population of the city who belong to the Social Economic Class A and B. The lower middle class and the middle class would also be welcomed through trade promotions and discounts to leverage the revenues of its business. The restaurant industry is growing at a steady rate as shown in the â€Å"Hotel, Restaurant & Tourism Directory of

Tuesday, February 11, 2020

Strategic Accounting for Decision Making Case Study

Strategic Accounting for Decision Making - Case Study Example Furthermore, the decision by the Sentinel institute to explore the opportunities in small towns and sub-urban areas demoralized the spirit of the Fitness Forever. The Sentinel intended to launch its activities in Fitness Forever region in an aggressive manner, and further intended to ensure that the expansion phase is implemented soon after the official opening of their first branch in the region. Sentinel has relative stable edge over Fitness Forever, the former is renowned 'for its strong sales culture', which has motivated the consumers towards the Sentinel. The Sentinel on its behalf has been successful in the exploration and the efficient utilization of the available opportunities. The management of the Fitness Forever organization was of the opinion that 'the Fitness Forever's traditions of personal service could ride out any waves made by Sentinel', the element of over-confidence led to the least preparation on the behalf of the Fitness Forever organization which brought unexp ected and catastrophic revealing for the institution. It was observed, and complained that the staff of the organization were neither helpful nor polite towards their customers, and were strange and least informed about the products and services launched and offered by the institution for the purpose of value addition. It was further observed that Sentinel was fully prepared and planned to 'flex its considerable muscle in Waterston'. In this regard, the institution announced its plan to inaugurate more than two branches in the Fitness Forever area, at parallel; the institution took 'very aggressive moves in pricing its checking and savings accounts'. The Fitness Forever was not prepared to tackle the result oriented techniques and methodologies of the Sentinel, and popular and prominent aspect of the Sentinel's sales culture was ignored and avoided. The ordeal placed the Fitness Forever in challenging position, and level of anxiety among the management of the Fitness Forever institu te was visible gradually. The Fitness Forever was vulnerable towards two different threats i.e. Sentinel emergence in the region, and the leadership complacency issue, relevant to the management of the Fitness Forever. The employees of the Fitness Forever have expressed their ignorance towards the techniques commonly adopted in the practices, and have further expressed their inability to sale the products in the market. The employees have expressed their reluctant towards the learning of the sales practices, and belief that their profession doesn't require them to be 'pushy salesman', the concept of sales is void and misinterpreted. It has been learnt that the branch officers have complained about the lack of coordination and cooperation from the operations group. The lack of friendliness and teamwork has demoralized the employees, and operation group has been criticized for its 'rigid adherence to obscure procedures, and lack of sensitivity towards the needs and requirements of the branch officers and local employees' (David, 2006). The branch managers revealed that the sales efforts have been hampered by the requirement of the documentation in an excessive manner. The behavior and the conduct of the employees have been criticized by the customers, 'tellers are fine but the higher you go, the worse the service'. The customers