Strategic Marketing Management Essay Example | Topics and Well Written Essays - 2000 words

Strategic Marketing Management - Essay Example The group was founded in the year 1968 and its first restaurant was opened up in the district of Causeway Bay of Hong Kong in the year 1969. At present, the group has over 540 retail outlets all over the world with its several brands. This paper will deal with the study and analysis of the fast food industry in Hong Kong and accordingly will penetrate into one of the strategic business units of Cafe de Coral. The strategic business units of Cafe de Coral consist of fast food, specialty restaurants, institutional catering, food processing and distribution and overseas. In this research paper, the fast food unit of Cafe de Coral at Hong Kong will be taken up for evaluation. With respect to the analysis of the industry and strategic business unit of Cafe de Coral, specific strategic direction and relevant execution explanation will be provided (Cafe de Coral, 2011). 2.0 Industry Competition The fast food industry competitiveness in Hong Kong will be discussed in this section with refere nce to the Porter’s Five Forces Model. The forces of the model consist of barriers to entry into the Hong Kong’s fast food industry, bargaining power of the buyers in the industry, bargaining power of the suppliers, threat of the substitutes in the industry and the rivalry among the existing players in the industry. 2.1 Threats of New Entrants The threats of the new entrants have to be described in terms of a few aspects for evaluating the factors totally. The aspects are the economies of scale, capital requirements, product differentiation and cost disadvantages. Taking the advantage of the economies of scale, the new entrants interested in the class of limited service restaurants can seek certain favour to economies of scale. But these advantages get weakened by the alleviation of founding a restaurant that provides quick service. Differentiating the products or the fast food being provided is a difficult task in the industry, but for private start-ups this is not a difficulty and thus not a barrier to entry. The requirements of initial capital might repress the development of nation. The cost disadvantages stem from the fact that the established companies in the fast food industry already enjoy the advantage of innovative technology, favourable sites, access to raw materials, experience and government subsidies. There is stiff competition in the Hong Kong fast food industry due to the presence of an enormous number of fast food chains and restaurants. In spite of all these facts, the strategic business unit of Cafe de Coral perceives a high future growth as the receipts of food and beverages have showed upward trend during the past years. From all these analysis, it can be inferred that the entry barriers in the Hong Kong fast food industry is not high and according to the current market condition, the SBU expects growth (ACCA, 2010). 2.2 Bargaining Power of Buyers The Hong Kong fast food industry is characterised by several individual custome rs who place pretty small orders.

Food Day Essay Example | Topics and Well Written Essays - 250 words

Food Day - Essay Example This was an effect or evidence that I was actively listening. During the preparation and at the event, we worked in a team. For example, our team composed Libby, Katie and I. Libby led the team most time and working together, we followed, monitored the progress, and met deadlines throughout the pre and post event activities. The events of the Food Day enlightened me on my profession. From the event, I have understood many facts and perspectives regarding human nutrition. It was very exciting when people inquired about economical and be environment friendly. Additionally, I realized that people are ever interested to learn things regarding living healthy and economically sound or viable. It was my first time address a public gathering. However, at the beginning, it seemed difficult, but after a while I got used to it and I loved this experience. At the end, I was very happy with confident and composure I learnt from this experience. Yes, my efforts made a different both to the occasion and my life experience. For example, most of the attendances were interested in our teams and inquired more about our stuff and how they can obtain it. In addition, I felt most of them were very interested on our displays and they wanted us to information more on how they can save more. I liked the samples we displayed on our information table because it helped us to provide accurate information. Furthermore, I liked our handout because it had simple and easy information. Lastly, I liked how we organized our table; we divided it in two sides. On one side, we placed the green sample and the other side there was the bottle water, Ziploc bag, coffee cup, and plastic bag. I would add more examples of green samples and have a calculator to let them calculate the difference prices of the green samples and the other stuff. The calculation would have help them know how and how much to save. All