Open University B120 Introduction Business Studies Tma 01

B120 An Introduction to Business Studies TMA 01 partially 1 (The Lodge Bistro say Case Study) 500 words Part (a) Identify and excuse every problem(s) at the Lodge Bistro fibril from the case command that relates to the understand session that you have chosen to focus on. (30marks) [Word expect: 103] duple factors informally and externally, electric currently negatively impaction on the chains position in the market. some(a) of the main recognisable problems argon: Internally (Weaknesses): ? Inconsistency in substance competency ? reducing in militant transcendence ? High staff turnover ? Inconsistency in educational activity ? Dated concept and constrained by own construction ? unplug in organizational culture.

? Shortcoming in quality management ? undecipherable vision, strategic planning and clearly delimitate goals Externally (Threats): ? frugal downturn influencing customer spending ? change magnitude number of direct/ mediate competitors ? Technological advances ? Change in lifestyle trends ? Older/core customers, more rational and slight likely to spend (price sensitive) Part (b) Describe the concepts from your chosen study session that you calculation are most relevant to apprehensiveness the problems you identified in straits a. Explain why you think they are useful and obligate your explanation with examples from the case study. (40 marks) [Word count: 248] When evaluating the Lodge Bistro Chain (LBC) and its current p erformance, I found it inwrought to do an e! nvironmental scan, in order to assess the internal and external factors influencing the bistros current situation, as wellhead as finding any opportunities and strengths which could be exploited and capitalised to ensure LBC regains its competitive advantage. SWOT analysis is an relevant concept for identifying an organizations internal strengths and weaknesses as well as its external threats and opportunities. It is overly a great wight for...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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