interacting with new designs and therefore produce a better product. For this, Zara especially focused on flexibility and vertical steps of production line to quickly adapt to fast changing customers' needs. Our group believes that hospitality business is also related to this fact and if we follow the steps of Zara's strategy then this can be a great step forward to hospitality business.
. Introduction of ZARA
(1) Concept of SPA and Fast fashion
SPA which stands for ‘Specialty store of Private label Apparel’ came into the world in 1987. When America’s apparel brand ‘GAP’ took over ‘Banana Republic’ in 1987, people started to call their business status as ‘Specialty Store Retailer’. A SPA controls over plan, production, distribution, and retailing and thro
Ⅰ. Summary
1. Introduction of Virgin Group
- Virgin Group is a British international group and one of the world’s most respected brands. This group founded in 1970 by Richard Branson. This group consists of more than 200 companies around the world. Maybe, in 2012, it consists of more than 400 companies. These group core successful businesses are travel, leisure, music, entertainment
franchise coffee shops has more than 50% of them; Caffebene has about 720 stores, and Angel-in-us has about 500 across the country. Since Starbucks opened the first franchise coffee shop in Ewha Univ. at 2008, only 10 years have passed.
At first, people didn't understand the concept of coffee house and even they had negative view about it because of the image of Doenjang Girls. But now franchi
performed.
Beneficiary means the party in whose favour a credit is issued.
Complying presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.
Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour o
there are four IBIS hotels in Korea, two in Myeong-dong and Gangnam in Seoul, one in downtown of Suwon, and the last one in center of Busan. Third, IBIS hotel has very specific target in our opinion. For example, IBIS Ambassador Myeong-dong’s target market is mainly tourist from Japan and China, and IBIS Ambassador Seoul which is located in Gangnam is targeted at and purchased by business men.
wholly
▶Reduce costs
No marketing expense
Simple utilities
Less personnel costs
▶Less market entrance risk
▶Reserved commercial region
▶Royalty cost
▶High initial fixed cost
▶Little sense of ownership
successful management : increasing number of the franchisees & high revenue
Should I close my current restaurant and open a franchise restaurant Hanuso??
Technology
○ Patent
∘ Fermentation Control : It is a method for protecting the product from air outside, and controling enzyme activity. The advantege of this method is that it help extend expiration date of Makkoli to triple.
∘ Raw-rice Fermentation : It is restored of traditional brewing traditional wine technique. Brewing in this way, it doesn't need to steam rice so that
Additional Information on Environmental Analysis.
Political & Legal Environment
The Democratic Party is one of two major political parties in the U.S. along with the Republican Party. The party’s social liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party believes that government should play a role in alleviating poverty and social injus
Feature and weakness
4TB data warehouse system
3 database administrators
use the data warehouse to analyze only the “Back-of-house”
How long it took employees to prepare food in the kitchens ?
Solution
To increase administrators or improve workers performance
To analyze not only “Back-of-house”, but also “Front-of-house”
How long servers were spending t