SteakHouse
Title: SteakHouse
Category: /Science & Technology
Details: Words: 1100 | Pages: 4 (approximately 235 words/page)
SteakHouse
Category: /Science & Technology
Details: Words: 1100 | Pages: 4 (approximately 235 words/page)
SWOT analysis
Principles and beliefs
Highly diversified restaurant business
Superior quality customer service
Well established brand image
High quality food and beverages serving
Managing partner should have 10 % share which strengthens company's quality standards
US standard quality fresh food and cooking method
Very well defined market segmentation
Continuous innovations
Long term negotiation with suppliers for quality and constant supply
Lowest labor turn over rate
Employee reward programs
Efficient training program
Internal promotions for employee motivations
Managers
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Use different media for advertising and spend more money on television and print media advertising for consumers' awareness
·<Tab/>Use celebrities in advertising
·<Tab/>Sponsor sports events and other fashion programs to get attention of customers
Segmentation
·<Tab/>Segment the market according to price as well because more % of households has medium scale income.