Open University B120 Introduction Business Studies Tma 01

B120 An Introduction to Business Studies TMA 01 partly 1 (The Lodge Bistro launch Case Study) 500 words tell apart (a) Identify and explain some(prenominal) problem(s) at the Lodge Bistro chain from the shield instruction that relates to the champaign session that you have chosen to focus on. (30marks) [Word count: 103] doubled factors internally and outsidely, electric currently negatively impact on the chains military capability in the market. Some of the chief(prenominal) recognisable problems argon: internally (Weaknesses): ? repulsion in bone marrow competency ? reducing in free-enterprise(a) superiority ? High staff turnover ? Inconsistency in training ? Dated fantasy and constrained by protest formula ? unplug in giving medicational culture.

? Shortcoming in tonus management ? undecipherable vision, strategic cooking and clearly defined goals outwardly (Threats): ? frugal downturn influencing node excreteing ? Increased number of signal/ mediate competitors ? Technological advances ? transform in lifestyle trends ? elderly/core customers, more reasoning(prenominal) and less likely to spend (price sensitive) Part (b) Describe the concepts from your chosen study session that you study are most applicable to understanding the problems you identified in straits a. Explain why you think they are usable and obligate your explanation with examples from the case study. (40 marks) [Word count: 248] When evaluating the Lodge Bistro orbit (LBC) and its current performance, I erect it essential to do an environmental scan, in post to judge the internal and external factors influencing the bistros current situation, as fountainhead as finding any opportunities and strengths which could be exploited and capitalised to go out LBC regains its competitive advantage. SWOT psychoanalysis is an relevant concept for identifying an organizations internal strengths and weaknesses as well as its external threats and opportunities. It is also a dandy wight for...If you want to compress a full essay, order it on our website: Ordercustompaper.com

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