Our group have chosen Raviz restaurant which provides both take way and dine in. It was established in 2000 and Mr. Ravi Singh is the owner of this hotel. Initially they were struggled a lot but now they opened seven branches within the few years. Everybody knows that food industry is now growing sector because people usually spend their disposable income on eating on some special occasions or on holidays and this restaurant provide Indian authentic cuisines and they are using their homemade spices which is the main active ingredient in the dishes. Their food is mouth watering and luscious because they are using fresh vegetables and quality of food is hygienic which results they got heaps of customers. They provide some special buffets on some occasions and they have a full license and they will open some new branches within the New Zealand as soon as possible they can. So, this will be the long-term objective of the company. They do provide vegetarian and non-vegetarian foods at their restaurants and now they are part of the one of growing sector. Raviz is famous now for its services and foods and they have bars and special dishes for kids.
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No business can longer exist if they don’t have any plan so Raviz strategy to get the more customers by implementing plans and providing rewards to them so they will be come at their place.
The values of the Raviz are works for the society and provide best quality of cuisines to their customers.
Ethics concern an individual’s moral judgments about right and wrong Ethics in business are the moral values of business or a set of principles that explains what is right and good. These principles are basically implemented in order to build the required level of trust for consumers, suppliers, shareholders, employees, distributers and other stakeholders. Ethical guidelines protect the business against Legal troubles. Small Business owners face Ethical decisions every day in their companies. Ethical codes or guidelines help the business to maximize the profit as well as minimize the conflict that can slow the business growth.
Being socially responsible means a business should behave ethically and with sensitivity towards social cultural economic and environmental issues. The business should have a positive relationship with the society in which it is operating. The store staff may not know or use the word corporate social responsibility, but their close relations with their employees, with their customers which are from their own community and business operations shows their approach towards environmental/social responsibility.
A vision statement is the image of the future of our business that we want to create. It is defined as a small paragraph or one line which provides a broad and inspirational image of business in future. Vision statements are usually made for more than 5 years and reviewed every three to five years. So is to be the relevant to the business and if the vision is clear then the future of the business will be exist. For example for the Raviz restaurant their vision may be for the future prospective by opening more branches and to get more and more customers.
Every business should follow the some directions so they can face the challenge from their competitors and it can be one of them like operational excellence, customer intimacy and product leadership. If we are talking about Raviz then for the product leadership they have to use proper resources and ingredients so they can face their competitors by providing their best cuisines. They can lead their products by charging less prices or good quality. They should have to introduce new dishes so they can get more customers.
No business can survive in this fast pace of world without goals.So the goal should be easily measurable, achievable, realistic and it should have an appropriate time frame.
Every business should have some tactics and for Raviz, tactics should be like they can provide free home delivery services to the customers to compete their oppositions. For the growth prospective, they can attain their goals by implementing their strategies. Financial tactics: This includes free vouchers, discount cards, loyalty and special deals to their regular customers Internal tactics: these are the tactics which effects the internal environment of the business. They should provide some credits to their staff so they can work better for the organisation and put their best efforts to contribute to the growth of the business Customers: To cater the needs of the customers, Raviz should provide good services and quality food so that they can retain their regular customers and attract new customers.
Key Performance Indicators means the important factors that every business should have to follow.
It means developing a plan for the future and upcoming events. We will use our strategies to face the problems and find solutions for them.
There are several resources like financial, human and technological and we would like to explain two out of them.
Every business depends on some factors like financial, human, technological, environmental and legal so we should know the alternative to come out from the difficult circumstances like if we are running a business which is facing problem from the government interference. We should know the consequences of our business that we are running and we should know how to face the legal bindings and government formalities. We would like to explain some of them now as under.
It means the future unexpected events like change in the laws or disputes.
To recapitulate, every business has set some predetermined goals and tactics, so they can tackle the problems easily and achieve their targets within the required time. To achieve their targets, they should follow some key performance indicators. In addition to this, Raviz is the part of food industry and should have some social responsibilities towards the society and they should contribute to the society in several ways like to provide hygienic food at reasonable prices. They have some strategies to compete with the external environment. In case of KPI’s one example is for Raviz if they spend money on financial marketing so they can ahead their business.
Strategic and Implementation Plan for Raviz Restaurant. (2017, Jun 26).
Retrieved August 11, 2022 , from
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