28. Suppose that you have been recently hired to be the general manager of a healthy-cookies company. The company has been losing money during the last 2 years. The company has been facing financial problems. However, the healthy cookies (products) your company produces taste delicious and have been well received by consumers (according to consumer surveys).
Given this scenario, in a 4 to 5-page paper, please answer the following questions:
(a) What type of data and information would you gather and evaluate to better understand the company’s recent performance?
(b) What are 3 strategic management tools you would use to analyze factors influencing the company? (Please describe how you would use each tool, and what you hope to learn from using each of these tools).
(c) What would you analyze within the organization?
(d) What would you analyze outside of the organization?
(e) How would you analyze the company’s value proposition and positioning?
(f) What are some strategic recommendations you would provide so as to improve the company’s performance?
Many restaurants are now able to access to huge amounts of data in real-time from different technology advancements. These data sources can be used to provide numerous insights into the entirety of a restaurant’s operations if you have the right strategy and procedures implemented. Learn how to implement an approach that is based on data from this post, aswell in what data to examine and which sources can provide the information. It is vital for a restaurant owner to comprehend the elements of each meal, the amount of ingredients required to prepare them, and the financial viability of each dish prior to formulating menus Wei and others 2021). Therefore, I’d take inventory information for us. Monitor the profit margins of your business so that you can advertise more profitable products as well as reduce the amount of food wasted and stolen by ordering only the items that are needed in the time it is required. This can help to keep costs at a minimum. Cont
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