The Food And Beverage Management - 1506 Words

INTRODUCTION Food and beverage management is very significant function for each and every hospitality organization. The current research report focuses on the food and beverage operation management (Heizer and et al, 2009). The whole research report is based on case study of Queens Head restaurant and its food and beverage management. The current study includes the assessment of the operation system and its effectiveness for organization. Further, it focuses on the critical appraisal of the operation planning and implementation within the hospitality units. In addition, analysis of the financial and non-financial performance and recommendations for improving food and beverage management are also describing in the following paragraphs of†¦show more content†¦Careful selection of popular and well known food items and beverage such as standard pizzas, corn-on-the-cob, and banana splits and 10 sweet course items. It differentiates food and beverage products and services to its c ompetitors by offering the facility of â€Å"create your own pizza†. Operations of the restaurant focus on the quality and freshness. It introduces an excellent salad bar and a reasonable selection of wine and mineral water. Restaurant has right balance for both quick business lunch and pleasant evening meal. It provides special offers at the time of special events such as Christmas and New Year, etc. Effective training and development program for staff members which helps in managing the changes in menu, level of services. It focuses on cost reduction and sustainable development of the organization and regarding this, it reduces the cost of three-decker pizza for reducing the wastage of the electricity wastage. Appropriate organizational chart and menu list (Blanch, 2003). Weaknesses: Inappropriate uses of available resources such as two gas fired barbeques which are purchased at cost of  £7000 but have been used infrequently. Head chef and restaurant manager do not favour new ideas and any changes in operation. Restaurant of which is operated at Stirrups Brasserie has got only start up success but declinedShow MoreRelatedThe Food And Beverage Management1971 Words   |  8 Pagesto socialize and catch up. Every human being has to eat to be able to survive and have energy, everyone likes to enjoy their meal with some sort of beverage with accompanies with friends in an enjoyable atmosphere. Eating in restaurants is an excellent way to celebrate a special occasion with many people (Walker, 2008.). The food and beverage management in hotels is defined as the most compound areas of the hospitality industry this because of the variation of cuisine outlets in a hotel. There areRead MoreFood And Beverage Operations Management1050 Words   |  5 Pageste Diploma Food and Beverage Operations Management AMFO600 Assessment Two Case Study – Control Systems Semester One 2016 Lecturer: Roderick Turner Student name: Xiaochen Gong Student I.D.: 99138745 Submission date: Tuesday 31 May 2016Table of Contents 1. Executive summary 3 2. Introduction 4 3. Discussion 5 3.1. The objectives of the food and beverage control system 5 3.2. The relevant procedures of food and beverage control system 6 3.3. Control procedures, legislation and correct actionsRead MoreFood and Beverage Management Essay1633 Words   |  7 PagesInternational Food and Beverage Management 2208 HSL Individual Written Assignment Semester 1, 2009 Food and Beverage Management within the hotel industry has changed dramatically over the years. This can be seen through a number of measures, although only in more recent years, particularly in outsourcing. This essay will discuss the implications of outsourcing various elements of hotels’ food and beverage operations. ItRead MoreInternational Food and Beverage Management847 Words   |  4 PagesFrom a food and beverage managers perspective - What are the important characteristics and procedures of a food and beverage establishment in relation to its size, type, market, design, planning and organization? The importance of planning and designing procedures for a food and beverage establishment is essential for a successful establishment. Procedures are the cautions taken to ensure that the operation is running effectively and efficiently to meet demands of the customer, with an effectiveRead MoreFood And Beverage Operations Management1810 Words   |  8 PagesGraduate Diploma Food and Beverage Operations Management AMFO600 Assessment Two Case Study – Control Systems Semester One 2016 Lecturer: Roderick Turner Student name: Xiaochen Gong Student I.D.: 99138745 Submission date: Tuesday 31 May 2016Table of Contents 1. Executive summary 3 2. Introduction 4 3. Discussion 5 3.1. The objectives of the food and beverage control system 5 3.2. The relevant procedures of food and beverage control system 6 3.3. Control procedures, legislation and correctRead MoreHospitality Management Food and Beverage1285 Words   |  6 PagesProduct Characteristics Types of Menus What is a â€Å"Menu†? A menu is a document used to inform guests what is available on offer, clearly. In other words it is a list of food beverages available on sale. The list consists a description and the prices of such item offered. It is called a bill of fair in English and â€Å"Menu† in French. The variety in choice of Menus In smaller restaurants the choice of menu items offered is usually limited. Where as in high-class restaurants where theRead MoreFood And Beverage Industry : Supply Chain Management1123 Words   |  5 PagesINTRODUCTION: - Food and beverage industry today has become one of the most competitive industries in the world. Recognizing that supply chain management is a core strategy and achieving world class performance in this strategy by developing and managing supply chains that provide flexibility, response time and delivery performance that exceed the competition is a key to survival in the food and beverage industry. The largest production sectors of food industry are brewing, milling, baking, confectioneryRead MoreTrends in Food and Beverage Management Paper913 Words   |  4 PagesThe food and beverage manager job is to keep up with everything that pertains to our business. Trends and technology are the biggest aspects we deal with on a daily basis. Keeping up with the trends and the latest technologies keeps many businesses in business. Every company wants to offer the next big thing to get ahead of the competition. Some of the latest trends in the food and beverage industry are putting on the menu s the nutritional value of the food items, using local produce, modified casualRead MoreCustomer Experience Management At The Food And Beverage Staff1691 Words   |  7 Pages In any industry, it is important for food and beverage staff to share their experiences of service recovery. Service recovery is important in managing negative moments of truth to achieve high service standards. However, to achieve high service standards, effective communication and teamwork are competencies that all Food and Beverage attendants should possess. In addition, staff training programs can assist in ensuring that all staff members have these attributes to achieve high service standardsRead MoreOperations Management Of Food And Beverage Industry : Imporatance Of Financial Analysis1257 Words   |  6 PagesEffective Operations Management in Food and Beverage Industry: Imporatance of Financial Analysis ENTER A QUOTE HERE Operations management has been the most crucial part of a business since people starting trading goods and services. Operations management deals with the development, manufactoring and production of the goods and services which are then marketed and sold in the market for a profit. It involves and oversees the research and decelopment sectors all the way through production of the goods

Financial and Non-Financial Methods of Motivation Essay

Essays on Financial and Non-Financial Methods of Motivation Essay The paper "Financial and Non-Financial Methods of Motivation" is an outstanding example of an essay on finance and accounting. For centuries, companies have been using financial incentives to motivate employees. This method is still practiced and has proved its worth over the years; however, time never remains the same. The shape and operational style of organizations are changing. Corporate heads have started to realize that financial motivators are not that productive when the company is project-oriented and achieves its short term goals through group work. Individual financial incentives can be counterproductive in group work. In these fierce times of financial competition, it may be hard for the organization to spare extra cash for incentives. It is important to identify those tools that corporates can use to motivate employees and don’t involve finances.A fair wage for a fair day’s work is sufficient for employees to have an interest in their work. Holidays, breaks and chances of promotions can help motivate employees. Putting in more money to squeeze their greed juice won’t be helpful. This scenario can be explained through simple logic. Humans can never become robots. Non-financial motivators have their roots of reason in the logic that money can never be the only fuel to keep employees working. They need other incentives too that can include relaxing.Corporates need to make sure that all processes must be considered in making the product. It means that the workers will contribute and they will be aware of their contribution. This gives the employees a sense of achievement, and accomplishment that makes them more loyal to the company.   This is called the principle of closure (Chambers Gray, 2008).It might appear hard to believe but another motivational factor is the sense of responsibility itself. Employees knowing that they are responsible for their quality of work and no one is sitting at the end to check the quality, gives the m a sense of responsibility as well as authority. They will acknowledge that they are in charge and they need to make it work to the end. It’s like a small stake that every individual has in the company. Monotony can be the biggest hurdle in creating employee’s interest in work and the cure is to kill it. Adding variety to the tasks can be a very rewarding experience. Variety is very motivational, and to achieve this, job rotation and re-scheduling can be very helpful. Task variety, when fused with self-regulation, can be an exceptionally rewarding motivational factor.   Employees should have some form of freedom over their job, this could mean giving them the freedom to pace their work as they please or giving them the liberty to take brakes when they feel like and not on a scheduled basis.   Ã‚  Ã‚  Ã‚  However, on the other hand, financial motivators can also be very beneficial. The logic behind this notion is that workers see work as a means to an end which is their paycheck. If they get more of it, they will work more (as explained above, this is not always true). Many scientific theories support financial motivators. Financial rewards no matter how rewarding can sometimes prove counterproductive. For instance, when it comes to wages, employees get paid for ‘day’s work’ when in fact they are mostly idle after 3 pm. Some organizations have taken care of this system flaw by shifting to an ‘annualized work hours’ system. So employees get paid for the number of hours they work.In this case, it can be very beneficial to offer financial rewards to employees. The organization gets more hours worked and employees get extra money for it. This financial attraction can also be offered in piece rates where a commission is tied in every product produced. A more practical approach towards ‘motivators’ can be offering a choice to employees, a choice between financial or no financial motivators. For instance , if an employee is more interested in having time off from work (vacations) rather than a bonus, it would be unjust to hold them for additional work.The purpose of a reward system is to support the achievement of corporate objectives by motivating people to become part of the organization (Armstrong, 2002). Financial motivators don’t always come in the form of handing cash to employees, fringe benefits can also be a great way to motivate employees. The great thing about them is they are tax-free and can be a better substitute for cash (paying for medical expenses of an employee when they’re going under a surgery would mean a lot to employees).

Giuseppe Verdi Free Essays

Giuseppe Verdi was born on the 10th of October 1813 in Roncole of Busseto, Parma. Since Giuseppe was a young boy, he showed a lot of talent when it came it to music. When Giuseppe was 12, he worked for a shopkeeper in Busseto. We will write a custom essay sample on Giuseppe Verdi or any similar topic only for you Order Now There, he studied music with Ferdinando Provesi. In 1835, he married the shopkeeper’s daughter,Margherita Barezzi. She died, along with her two children, sometime between 1838 and 1840. The first opera Giuseppe wrote was called Oberto Conte di San Bonifacio , written in 1839. It was first performed at Scala Theatre on November 17th, 1839 with moderate success. His next play, Un Giorno Di Regno, was a failure. It was his first comedy, which was ironically written shortly after the death of his wife and children, whom he loved very much. Verdi’s first real success came in 1842 with Nabucco. Verdi was inspired to write this play after he read about the exile of Jews off their homeland. This made Verdi realize what a passion he had for his homeland, Italy. After this, Verdi’s plays became a symbol of Italian nationalism. Nabucco was first played at the Scala Theatre. Verdi had an affair with Giuseppina Strepponi, one of the actresses in his play,. for many years before they were finally married. Three of Verdi’s widely loved works, Rigoletto in 1851, Il Trovatore in 1853, and La Traviata, also in 1853 were big successes. Though the public loved these plays, critics did not like the themes of free love, suicide, and rape in his plays, which they deemed scandalous. In 1861, Verdi was elected as the Deputy of the First Parliament of the new nation of Italy. His play Otello premiered in 1887, along with Falstaff, his second attempt at a comedy. Giuseppe Verdi died in 1901 in Milan from a stroke. He died shortly after the completion of his Casa di Risposo, a retirement villa for poor artists. Many people attended his funeral. About a quarter of a million people went to mourn the death of this iconic Italian composer. Verdi was first buried in the Famedio temple in Milan next to his wife, but a month later their bodies were moved to the Casa Di Risposo. Verdi was known for being very modest and kind, not to mention a big influence in opera music. How to cite Giuseppe Verdi, Essay examples Giuseppe Verdi Free Essays Derek C. Zimmerman The Italian opera was at an ultimate high during the romantic period. Many composers came to life during this period and became some of the most prominent composers of all time. We will write a custom essay sample on Giuseppe Verdi or any similar topic only for you Order Now Giuseppe Verdi who was grown up into the opera was about to find out what famous looked like. Over five decades he demonstrated his commitment to drama and composed 28 operas and many were a huge hit. Nabucco(1841) and Rigoletto(1851), a couple of the most famous operas by Verdi, provide details of how the life of Verdi was like which made these operas such a hit. One goal is to be able to prove that Verdi, through the use of his operas, used his life experiences as a story guideline in his operas. The last goal is to provide detail on how sacrifice and atonement of forgiveness were a force in Rigoletto. The purpose of this article is to provide research and background about Giuseppe Verdi and how he was able to provide his knowledge and skill to compose some of the greatest operas known to this day. Verdi played a very big role in the composition of operas, especially throughout the romantic period. Redefining the ways the opera was displayed, Verdi mainly used his vigour and drama intelligence that distinguished his operas from others. However, well ordered Verdi changed the inflexible traditions of bel canto musical drama, which flaunted vocalists to the detriment of emotional esteems. Verdi’s virtuoso was to disassemble the framework while as yet giving the vocalists (and their gatherings of people) song and splendor in sufficient measure. The majority of this was in the administration of show, as Verdi constantly focused, and dramatization, as he saw it, rose up out of the association of individuals in striking, generally desperate circumstances.Beginning Years of Giuseppe Verdi Born on October 10, 1813 in Le Roncole, Italy, Giuseppe Verdi began his musical career in the very town that he was born. Verdi was born into the world by Carlo Giuseppe Verdi (1785 – 1867) and Luigia Uttini (1787 -1851). From age four and on, Giuseppe Verdi was given private lessons in Italian and Latin by the schoolmaster in the village, Don Pietro Baistrocchi, who then led Verdi to play the organ at the local church. By having Baistrocchi helping him study, Verdi was able to begin his professional career with music. According to Hussey and Kerman (2018), by the age of nine Verdi was standing in for his teacher (Don Pietro Biastrocchi) as the organist in the village church. (Hussey and Kerman, 2018). From 1832 – 1835, Verdi appeared to have adapted much about writing and legislative issues there and in addition antithesis and the components of the opera. Later, this was shown to be true because of the success of the opera Nabucco (1842). According to Hussey and Kerman (2018), â€Å"Nabucco succeeded as sensationally as Un giorno had failed abjectly, and Verdi at age 28 became the new hero of Italian music. The work sped across Italy and the whole world of opera; within a decade it had reached as far as St. Petersburg and Buenos Aires, Argentina. While its musical style is primitive by the composer’s later standards, Nabucco’s raw energy has kept it alive a century and a half later.† Verdi had taken a break briefly from composing due to tragedies in his life. According to Gregorio (2017), â€Å"his two children, Virginia and Icilio, died in 1838 and 1839, respectively, followed by his wife, Margherita, in 1840.† These tragedies definitely played a big toll on Verdi’s life as he dealt with heavy depression. These issues made it very hard for Verdi to compose of operas. After a year of composing nothing, Verdi finally came out of his shell and provided Nabucco to the world in 1842. In Nabucco, Verdi was able to put these tragedies to use and show in the opera how Nabucco was struck by lightning and lost most consciousness and have memory issues. Some had thought that Nabucco was dealing with some sort of delirium. According to Cambioli et al. (2017), â€Å"Furthermore, the representation of Nabucco’s mental illness in the opera could also have been influenced by direct experiences of Verdi himself, who seems to have suffered from recurrent depressive episodes in that period, and for the rest of his life.† (Cambioli et al. pg. 180) The Early Mid Years of Giuseppe VerdiThe new extravagance and profundity of Verdi’s musico-sensational portrayal in these years, particularly however not only of ladies, may have created out of his association with his new wife Strepponi. She is frequently evoked regarding the thoughtful and brilliant depiction of Violetta in La Traviata (1853). The tunes were superior to anything any he had composed previously, the dramatization more tightly and all the more energizing, and the portrayal through and through unique. Rigoletto makes a critical specialized progress toward a sound introduction of the show in music, particularly in the acclaimed third act; there is less qualification between the recitatives (the parts of the score that convey the plot forward in impersonation of discourse), which incline toward arioso (melodic, verse quality), and the arias, which are dealt with less formally and dovetailed into their environment, once in a while subtly. (Hussey and Kerman, 2018). Rigoletto, being one of the most famous operas of Verdi’s, communicated much differently than the other operas composed by Verdi. According to Forney, Machlis, DellAntonio, â€Å"The epitome of Romantic drama and passion, Verdi’s music for Rigoletto communicates each dramatic situation with profound emotion. A play by Victor Hugo, an acknowledged leader of French Romanticism, was Verdi’s source of inspiration.† (Forney, Machlis, DellAntonio, 2015) Analysis of RigolettoAfter the atmospheric prelude or short melodic prologue to the musical drama (does some other arranger do as such much to set up a passionate domain with so few notes?), we hear party music — dance music that is apparently commonplace and ailing in nuance. It couldn’t be more unique in relation to the music of the prelude and is relatively stunning in its specific situation. What’s more, it is surely not what a mid-nineteenth century gathering of people part ought to have expected toward the start of a shocking musical drama. Be that as it may, Verdi’s expectation is completely clear: he needs us to quickly understand the indecent and licentious nature of the Duke’s court with music as crude and foul as the court and its ruler. We come to find out towards the end of the opera that forgiveness becomes a factor due to the crude and foul behavior by the Duke (D’Costa, ; Pecknold, 2013). As opposed to have the vocalists showcase the expected decrepit quality (something that would have been unthinkable in Verdi’s day), the author drives the group of onlookers’ creative energy into making the fitting climate by making music profoundly suggestive out of an irreverent social affair of blue-blooded gathering goers. Overlaying this sensible gathering music are the principal expressions of the artists, an obscene discussion between the Duke and Borsa, one of his subjects, about the Duke’s most recent successes. This sort of discussion would typically have been dealt with (surely by any number of other Italian arrangers of Verdi’s opportunity) by more customary recitative. Be that as it may, Verdi love seats the discussion with regards to arrange music went with, under typical conditions, by a little band of instrumentalists in the wings or behind the landscape. Along these lines the writer gives the impression of a genuine gathering going ahead progressively directly in front of us. Verdi’s nineteenth century group of onlookers, at that point, turned out to be a piece of the scene and was conveyed substantially nearer to the stage occasions. The change from the dance music to the primary number joined by the pit ensemble happens consistently as the violins enter in jumping octaves toward the beginning of Questa o quella, the tenor’s first aria (MetropolitanOpera, 2013). These initial three or four minutes of Rigoletto may not appear to be so unordinary to us now, inclined as we are to hear this well-known music after somewhere in the range of 150 years of colleague with it. Be that as it may, contrast it and a portion of the more radiant minutes from this score (the Rigoletto/Gilda two part harmony from Act II or the renowned Act IV group of four, Bella figlia) and we get the point rather rapidly: this score is a long way from uneven, Verdi is basically throwing his music to perfectly fit the sensational circumstance. How about we go somewhat more distant in attempting to comprehend Verdi’s melodic portrayal. Notice that the tenor’s performance music is the greater part of a self-assured, glaringly tuneful nature. Questa o quella, Parmi veder le lagrime and La donna à ¨ versatile are for the most part precisely figured to convey the character of the Duke, whom we know to be a shallow, vain man whose primary intrigue isn’t such a great amount of included with statecraft as it is in plotting his next loving success. We likewise realize that his Renaissance court is absolutist; he is a tyrant dug in the old monarchical framework whose retainers and subjects are under his total and direct expert. These sorts of political frameworks are, by nature, profoundly preservationist. It ought not shock us that, in spite of the fact that Rigoletto is an extremely test musical show for Verdi, there are more seasoned, more customary operatic structures still present: they are to be found in the music of the Duke, or in music with which he is included. The Duke has, for example, the main twofold aria (Act II’s Parmi veder le lagrime being the moderate cavatina, and Possente love the imperative cabaletta) and the main strophic arias (Questa o quella and La donna à ¨ portable) in the whole score. (MetropolitanOpera, 2013).In any case, the genuine test operatically, drastically and musically is to be found in the character of Rigoletto himself. The entertainer at the focal point of Victor Hugo’s play Le return on initial capital investment s’amuse was only the confounded, unordinary and abnormal character that Verdi was searching for at the time. With a character delivered from a maturation of doubt, cunning, distrustfulness and fatherly love, Verdi had a creation ready for the new sort of musical drama that he wanted most importantly to make. To the psyche of an average nineteenth century devotee, Rigoletto’s first solo expression more likely than not appeared to be exceptionally interesting to be sure, as he would without a doubt have expected right now a twofold aria or even an unadulterated recitative driving us into the two part harmony with his little girl. Rigoletto’s character is dealt with comparatively all through the whole work. Subsequently, with every one of his defects, he seems to be a standout amongst the most human characters in all nineteenth century Italian musical drama. How to cite Giuseppe Verdi, Papers

Individual Creating A Business Opportunity â€Myassignmenthelp.Com

Question: Discuss About The Individual Creating Such A Business Opportunity? Answer: Introduction Entrepreneurship is a process through which an individual can design, launch and run a new business. The individual creating such a business opportunity is called as an entrepreneur. The term typically focuses on the launching and running a business. Running a business involves lot of risk in an initial stage. For gaining market competency, it is important for a business enterprise to be aware about the booming industry. This will allow the business to grow in a multi-dimensional way. The following proposal reviews the fast-food business future prospect in Australia (Drucker, 2014). It further distributes the sustainable objectives that are important for a business organization in dealing with the issue. An individual can gain sustainable objectives by developing concrete goals. It is important to form an effective alliance by gaining competitive advantage. This will allow the business organization to gain a competitive advantage by understanding the market requirement. The restauran t industry in Australia is doing extremely well. They can only gain a competitive advantage by understanding the market requirements and functioning accordingly (Kirzner, 2015). The business organization needs to enter into the marketing by understanding the growing business prospect. It is widely recommended that the business organization need to deploy effectiveness through an effective framework. It will allow the business to manage the future challenges and gain appropriateness. In a long run, it is important for a business organization to develop effectiveness through different business techniques. It is advantageous for the business in gaining a competitive advantage (Kuratko, 2016). Brief description of the industry and market In the recent time, the Consumer health awareness has transformed the Fast Food Services industry. The overall Industry demand has been affected by augmented awareness about the nutritional content of fast food. People are turning towards the healthy options due to increased awareness. Industry operators have countered by bringing in a range of healthier, premium choices with less fat, sugar and salt. The change in consumer fondness has led to an invasion of new operators contributing higher quality fast-food options. The overall participation in the fast food industry has gone up combining with rising prices as demand for premium products has increased. It is expected that the drive for revenue growth will increase by 3.0% over 2016-17. The Revenue is predicted to increase by an annualised 3.9%. Fast Food Services industry is presently at the mature phase of its life cycle. The forecasted post annualised growth is expected to be 2.3% over the 10 years through 2021-22, while comparin g it with an annualised rise in Australian GDP of 2.5%. There is a slight deficit of the wider economy over the 10-year period. There is a continuous demand for the healthy food options; however the overall deficit has been determined by weaker revenue development and strong opposition from external sources. There is a serious competition in the industry from supermarkets, restaurants and convenience stores (IBIS WORLD 2017). Following are the products provided by the entrepreneur in the fast food industry: Burgers Pizza Chicken-based fast food Sandwiches, salads and juices Desserts and confectionery Other fast food Type or Entrepreneurship The type of Entrepreneurship depends upon many factors like availability of fund, and deriving the capabilities according to the type of venture an individual is making. Independent, Family, Corporate and Franchise are the four type of entrepreneurial venture in todays business context. In order to make a successful growth, it is necessary for a business organization to develop concrete objectives that will help him in adding sustainable growth and development. In the current context, it is important for a business organization to develop a business venture through an effective procedure. This will allow the organization in managing the business in an effective way. The success of a venture resides on number of factors like human, financial and material resources. These factors accompany in making an effective business organization. . Independent business organization is the one who takes all the decision in the organization pertaining to the business. All the major decisions are tak en by the entity (Schaper, Volery, Weber and Gibson, 2014). The corporation is a business organization established to gain effectiveness. It is a form of business operation that states that the business is a separate, legal entity directed by a group of people known as board of directors. A Family business is the one carried out by the people in a family from years. The business is carried forward by the future generation. This allow in gaining sustainable objectives and attaining longevity (Baum, Frese and Baron, 2014). Franchising is a business which provides right to use a firm's business model and brand for an agreed time-period. It is one of the finest models for the fast food restaurant industry. There are international food-chains that can easily be established through an effective franchising model. The model helps in integrating the function in the most effective way. Majority of fast-food chains are based on the franchising model. This model is effective in gaining market potential and to deliberately gain concrete market objectives. Depending upon the current market opportunity and growth, it is important for the business enterprise to develop an effective entrepreneurial venture in order to manage the business (Bhachu, 2017). Benefits and drawbacks of each of the four options Independent, Family, Corporate and Franchise Business Venture Benefits Drawback Independent The sole proprietor takes all the major decision related to the business. There is no external intervention to the business. All the decision regarding the sale or transfer takes place at the judgment of the business-man. No corporation tax payments Negligible legal costs to establish a business organization (Scott, 2006). Fewer business requirements The individual is held personally liable for the debts and obligation of the business. The risk pertaining to the business extends to him individually All responsibilities and business decisions depend upon the individual. There are fewer investors in the business organization (Szirmai, Naud and Goedhuys, 2011). Corporation Shareholders are not liable for any debts or for the decision handed down against the corporation. The Shareholders are responsible to the extent of their equity in the corporation. More funds can be raised by selling shares in the corporation. They may deduct extra benefits it provides to employees and officers. In order to form a corporation, more time and money is required than any other business structure. The government agencies monitor corporations on a regular basis. The Corporate profits are liable to higher overall taxes as the government taxes profits at the corporate level. In addition, a corporation might not presume any dividends paid to the shareholders (ACS and Audretsch, 2005). Family Stability: The Family business are more stable and typically determines the business is known for the longevity in leadership, resulting in constancy within the organization Commitment: The business organization meets all the pre-requisites that make the business more committed and accountable (Wu and Huarng, 2015). Flexibility: The business is flexible enough to meet the expectations of an individual. An individual can work in his own way. Long-term Outlook: The business runs for a longer time-period in order to meet goals. Decreased Cost: The family members work at their will and contribute their finances to guarantee long?term success of the organization (Tidd and Bessant, 2015). Family Conflict: there can be a Conflict in between the members resulting in disturbances. This may affect the family relationships, and the type of disapproval that comes with familiarity. Unstructured Governance: There are disturbance in the organization due to Governance issues such as internal hierarchies and rules. The business organization takes an inability to follow and adhere to external corporate laws that tend to be taken less seriously at family businesses. This affect the business against the trust inherent at family firms Nepotism:Some of the family businesses are unenthusiastic to let outsiders into the top tier, This affect the business organization and result in balancing skills, education, or experience Succession Planning: In the absence of a succession plan it is difficult for the business organization to gain effective leadership. The family business might fail due to unavailability of a succession plan. It is important for a business organization to put-forward a plan in order to gain success. It is important to manage the business organization. Franchising It is one of the most effective way through which an international business organization enter into the market. This reduces the risk of business failure. The business is already based on the proven idea that decreases the futuristic loss. Products and services are already established in market. Consequently there is no need to do market testing. A recognized brand name and trade mark will benefit the business organization through advertising or promotion. The franchisor supports the business that includes training, help setting up the business etc. No prior experience is required to operate the franchise. In this way the small business can compete with big businesses, due to the pool of support from the franchisor. One can enjoy the exchange rights in their territory. The franchisor won't trade any other franchises in the same location. Financing the business is easier. The financial institutions are more expected to lend money to buy a franchise. One can get benefit from communicating and sharing ideas and receiving support the network. Relationships with suppliers can easily be established in this business structure. The cost may be higher than expected. The initial cost of buying a franchising is higher that is difficult for an individual to manage. The franchise agreement includes restrictions that might affect an easy flow of business. The franchisor continuously overview the business due to his intrusive nature. The franchisor goes out of business (Hagen, Denicolai and Zucchella, 2014). Other franchisees may affect the brand reputation. It is difficult to sell franchise and can sell it to someone accepted by the franchisor. All profits are usually shared with the franchisor. The rigid nature of a franchise restricts capability to develop changes to the business. This will help me in managing the business in the most appropriate way by developing the business. Benefits and drawbacks of buying an existing business compared to starting one from scratch In order to start a business organization it is important to manage the operations in case of organizing a business. It is tough for an individual too start a business from scratch. For that purpose it is necessary to collect the resources and to execute the plan accordingly. If an individual wants to establish a new business he has to make sure that he has enough resources. It is important, for managing a business enterprise it is evident to arrange the resources in the most appropriate way (Link, 2017). The business organization strengths and weakness depend upon the utilization of the different factors. While starting a business from a scratch it, is tough to deploy all the resources in an effective way. People might find difficulty in managing the resources from scratch. They have to invest time on every peculiar object in the organization. This creates a mess for an individual who is planning to invest in the business for the future prospect. It is important for an individual to meet the future contingencies all alone. This will create problem for an individual to proceed with in a better way (Mitra, 2013). In case of an established business it is easy for an individual to move forward. The resources are available easily leading to easiness in conducting a business. For a business organization it is important to manage the resources in an appropriate way, any scarcity of resources can lead to business failure. For the restaurant business it is recommended to buy a new business from a scratch. This will help in adding creative idea into the business organization. In this way the business can gain a competitive advantage over other. By developing effective changes into the business, it is easy to gain economies of scale. The purpose of a business organization is to meet the objectives by deriving long term goals. A business organization can only survive, if it has added some competitive advantage to their business. The new venture should manage the business by adding creative idea that stimulates the business process. This will be helpful for a business organization in order to derive goals (Lee, Hallak and Sardeshmukh, 2016). Recommendations Hence, it is important for an individual to implement an effective business model tool. This tool will help in growth of the business. Effectiveness in a business can only be derived if the business has as vision. It is recommended to enter through a franchisee. This allows the business organization to grow in a diversified way and to use resources in a better way. The change in consumer fondness has led to an invasion of new operators contributing higher quality fast-food options. The overall participation in the fast food industry has gone up combining with rising prices as demand for premium products has increased. This is creating an overall impact on the business process. In order to manage the business in a better way, it is recommended to manage the resources for the purpose of franchising. This process allows an individual to develop a business enterprise in a well organized way. Depending upon the current market opportunity and growth, it is important for the business enterp rise to develop an effective entrepreneurial venture in order to manage the business. This is important for a business to develop the resources in an effective way. The purpose should be to gain a profit in order to remain competitive in the market. The purpose of the business organization is to manage the changes and to be a pioneer. Franchising model helps in integrating the function in the most effective way. Majority of fast-food chains are based on the franchising model. This model is effective in gaining market potential and to deliberately gain concrete market objectives. Conclusion To Conclude, It is evident for a business organization to derive the policies keeping in mind the growing necessity. The structure of the business should be focused on growth and development. One can attain the concrete objectives by deriving effectiveness at work. It is important to manage the ongoing challenges and to gain competitiveness. An individual can gain sustainable objectives by developing concrete goals. It is important to form an effective alliance by gaining competitive advantage. This will allow the business organization to gain a competitive advantage by understanding the market requirement. For a business enterprise it is necessary to choose a better model. References Acs, Z.J. and Audretsch, D.B., 2005. Entrepreneurship, innovation and technological change.Foundations and Trends in Entrepreneurship,1(4), pp.149-195. Baum, J.R., Frese, M. and Baron, R.A. eds., 2014.The psychology of entrepreneurship. Psychology Press. Bhachu, P. ed., 2017.Immigration and entrepreneurship: culture, capital, and ethnic networks. Routledge. Drucker, P., 2014.Innovation and entrepreneurship. Routledge. Hagen, B., Denicolai, S. and Zucchella, A., 2014. International entrepreneurship at the crossroads between innovation and internationalization.Journal of International Entrepreneurship,12(2), pp.111-114. IBIS WORLD 2017, Fast Food Services in Australia. Online. Availabe at: https://www.ibisworld.com.au/industry-trends/market-research-reports/accommodation-food-services/fast-food-services.html Accessed on: 10 September 2017 Kirzner, I.M., 2015.Competition and entrepreneurship. University of Chicago press. Kuratko, D.F., 2016.Entrepreneurship: Theory, process, and practice. Cengage Learning. Lee, C., Hallak, R. and Sardeshmukh, S.R., 2016. Innovation, entrepreneurship, and restaurant performance: a higher-order structural model.Tourism Management,53, pp.215-228. Link, A.N., 2017. Ideation, entrepreneurship, and innovation.Small Business Economics,48(2), pp.279-285. Mitra, J., 2013.Entrepreneurship, innovation and regional development: an introduction. Routledge. Schaper, M.T., Volery, T., Weber, P.C. and Gibson, B., 2014.Entrepreneurship and small business. Scott, A.J., 2006. Entrepreneurship, innovation and industrial development: geography and the creative field revisited.Small business economics,26(1), pp.1-24. Szirmai, A., Naud, W. and Goedhuys, M. eds., 2011.Entrepreneurship, innovation, and economic development. Oxford University Press. Tidd, J. and Bessant, J., 2015.Innovation and entrepreneurship(No. 3). Wiley. Wu, C.W. and Huarng, K.H., 2015. Global entrepreneurship and innovation in management