Sunday, February 23, 2020

Revenue Management in Restaurants Essay Example | Topics and Well Written Essays - 2000 words

Revenue Management in Restaurants - Essay Example By calculating factors such as length-of-stay, accessibility and overbooking, revenue management practices can add to revenue, efficiency and property valuation for hotels by growing length of stay and check supply and demand to influence offered rates (Andersen, P. and Bowe, V. 2000). Nowadays McDonald's operates in the global quick service restaurant manufacturing trade. McDonald's was the lead the way of this trade and it was McDonald's which made the quick service restaurant commerce a worldwide industry by creating a enormous global profitable empire. At present McDonald's ranks 114th in the list of luck 500 companies and thanks to its ground-breaking dispensation and standardized approach to the profitable production of fast food, McDonald's has placed the quick service restaurant business between the big financial driving force industries such as steel and vehicle. According to the expert analysis Raymond Kroc the founder of McDonald's had the dream of a sequence of fast food restaurants in each American State and in the earth as well. No doubt, he wanted his fast food restaurants to serve excellence food according to permanent standards and requirement. When Kroc ongoing business in 1955 there were other well recognized fast food chains in United States, in the middle of the most extensively known were A&W, Dairy Queen, Tastee -Freez, and Big Boy, Burger King then recognized as InstaBurger King was just preliminary out. There were lots of things which alienated McDonald's from its rivals. No doubt, Raymond Kroc's goal was to make world wide fast food chain while the rest of the main fast food chains were not so excited about growth. Other fast food chains which function on a franchise basis viewed their operators as customers and only reaped benefits without providing much leadership relating to operation, endorsement, sales strategy, financi ng and food dispensation. Raymond Kroc comprehensive his hands to operators of permission McDonald's restaurants by extravagance them like do business partners in each respect of the business. These close associations with operators make sure that McDonald's restaurants in any State in the United States would dish up food according to fixed requirement and amount. Furthermore, Raymond Kroc did more than by just give recommendation regarding procedure management him allowable his operators to work out their innovative skills connecting to every feature of the franchise trade. McDonald's had set new principles for the fast food manufacturing by selling a recognized service not just original food recipes and formulas. (Greatest Business Stories of All Times) Revenue Management in Restaurants According to the expert analysis the nature of the restaurant industry, typify by many self-governing minute businesses as well as a few nationwide and international enterprises in a usually competitive environment, makes the application of revenue management, on the whole, additional problematical than in the airline and hotel sectors. Additional, adjusting the excellence of the product, and hence price levels, is much easier than for airlines and hotels. Against that, the vast preponderance of restaurants

Friday, February 7, 2020

World Conflict Essay Example | Topics and Well Written Essays - 3000 words

World Conflict - Essay Example on September 9, 2001 (now on the lips as 9/11 attack). As a part of the cold war going on, the soviets feared that Afghanistan was being eyed by the U.S. as a stand point from where it can threaten Soviet Union's mainland. Hence, reacting to this fear, the soviet army in 1979 moved with all the arms and ammunition into afghan land. The soviets were trying to force communism on the people of Afghanistan (in their bid to clear the region from any chance of it becoming U.S. military base that can pose threat to them. But the Afghans with America's support of heavy artillery and millions of dollar funding fought back. The financial help from America was to ensure that without its direct intervention, the afghan mujahideen (who have a historic track record of fighting continuously and fiercely till death for their homeland are well equipped against the technologically advanced soviet tanks and fighter planes. American troops were not involved in this war (Meher, page 122) The American support came in disguise through other Islamic countries like Saudi Arabia and Pakistan (Meher, page 199) etc because the direct intervention of America could trigger the next world war. The afghan jihads resisted the soviets well above the expectation of U.S. which was matching their performance with ever increasing million dollars each year. Now with the initial strong opening to the war from the Afghans, the next step was to make the war sustainable from Afghanistan side. For that to happen, more and more Muslim volunteer jihadis were required to pick up arms and fight. The funding helped to create madrassas (Muslim schools of Islam thought) which noticed Muslims turning up in large numbers and soon they were prepared with enough expertise to wage war. It was in these madrassas that Osama Bin Laden came to work as a volunteer in the war. Osama was Saudi national and with him brought big money as well and started helping the cause by working in construction purposes and in medical aid. The madrassas were established in the border region s between Pakistan and Afghanistan which in the future will give birth to "Taliban". Taliban and Al Qaeda were unitedly involved during post soviet war. And both became anti America after America withdrew funding and humanitarian aid. The soviets after suffering devastation and persistent resistance from the afghan fighters went into huge military losses of men and arms. At the end of war (May88), the soviets were defeated and they started their return (Wright, page 129) which was complete in 89. Afghanistan won with a major help from U.S. and the cold war ended with the fall of communism. Afghanistan victory brought happiness to common people who were the innocent victims in the war. However, immediately after the war the United States lost its interest in the region and avoided even any humanitarian policy toward the victims of soviet-afghan war and those of the civil war that followed because of lack of any established government rule. In result, lawlessness prevailed and whole o f the Afghanistan went into another fight, this time intra-nation. Seeing such an acrimonious act of denial, the people of Afghanistan and the