Subject Learning Outcomes stated in Subject Outline document addressed in this assessment.
a) Identify the key elements of strategic management related to the operation of a restaurant venture
b) Apply key strategic management elements to budgetary decision making in relation to a restaurant venture Identify at least one business/organisation successfully implementing strategies which relate to our restaurant.
2 Briefly explain this business and why you believe their strategies are successfully working to address demands.
3 For that business, outline at least two strategic management elements relating to their establishment and growth, and provide examples from their past to support your selection. Justify your responses.
4 Briefly discuss at least two emerging trends (consumer, economic, social, technological, political, etc.) related to your topic which are likely to impact on the restaurant industry in the future.
5 Consider the identified trends as potential opportunities for growth and recommend at least two new growth strategies our restaurant can implement in the future to improve their market share/revenue