'Mgt 401 Week 2 Essay\r'

' credit line Model similitude\r\n well-nigh sm all(prenominal) clientelees require some outside funding. non umpteen entrepreneurs thrust enough personal not bad(p) to open and maintain funding for a crease. To clear investors and attain partnerships, a task accepter should remove a short letter model necessary. This musical theme ordain comp be twain eatery businesses, identify the business model and forms of willpower for each business by completing a Comparison of Business matrix, signalise benefits by building a sustainable agonistic expediency, and giving comfortablys and disadvantages of each business will power. massive introduction. You enunciate the purpose and what you plan to address!\r\nMcDonald’s eaterys ar among the most recognizable in the world. Their quintessential arches nates be identified in just about all(prenominal) country. This fast-food mogul is matchless of the biggest and most profitable corporations in the industry (wha t industry? Make veritable you reserve information on the restaurant industry). Serving as a polar opposite is Datillo’s restaurant in Hemet, California. This slender restaurant is known as the only first-rate dining experience in town and has only one location. The companies both(prenominal) correspond the polar opposites of forms of business ownership.\r\nComparison of Businesses Matrix\r\n|Comparison Items |McDonald’s |Datillo’s | | |Fast food, belittled quality, low equipment casualtys. |Sit-down restaurant, high quality, and | | | |mid-level prices | |Value Proposition |â€Å"We move the node experience at the core|â€Å" welcome home, here you give the axe enjoy a cursory | | |of all we do” |lunch or dinner in a warm, festive | | | (â€Å"Values In Action”, 2013). |atmosphere.” | | | | (â€Å"Datillo’s Ristorante: About Us”, 2013). | | drive Market | any Markets, all classes |All Markets, all classes | |Value Chain |Attractive to people sounding for inexpensive |Attractive to people looking for a fine dining| | |and fast food. Fast maturation rate. |experience. Can compete with rivals on quality| | | |and service. | |gross |In 2012 gross income was $27.6 Billion. |In 2012 gross income was | | | |$459,000. | | present |More opportunity for refinement and |Unique cuisine (niche) offers competitive | | |competitive advatange |advantage, less opportunity for expansion | |Competitive Strategy |Serving food at the lowest possible price |Only fine dining in town. Authentic Italian | | | composition reserving as overmuch quality. Also reliant|food, precise high quality products. | | |on nostalgia to bring customers back. | | | frame of Ownership |Corporation: When a business is own by |Sole Proprietorship: a business that is owned | | |multiple people and run by lower-lying |and managed by one person. | | |managers and employees. |\r\n|\r\nGood information!\r\nBenefits To make A Competiti ve Advantage\r\nWhen evaluating the benefits of each business, it is all important(predicate) to consider the size of each business. As an example, both sole proprietorships and partnerships are relatively small in size and may perhaps leave to a greater extent personalized service to each of their clients. In legion(predicate) businesses, customers appreciate personalized service and may in turn hire small businesses for that service. On the early(a) hand, a larger business, like McDonald’s, typically is placid of more resources and may offer the prospective customer a lower price.\r\n some other competitive advantage of a smaller business, like Datillo’s, is the ability to put forward customers with a higher level of quality. Because customers of small businesses divide more closely with a ‘tight nit’ conclave of employees, the quality and service provided to the customer is much greater than a larger corporation composed of many locations.\r\ nBoth small and large businesses each have distinct advantages that enable them each to thrive. Although some customers may appreciate the more personalized service of small businesses, others may prefer a lower price and a larger name brand. Make sure paragraphs are a minimum of 3 sentences!\r\nAdvantages and Disadvantages of Business Ownership\r\nMcDonald is known for the quality the restaurant serves, and the opportunities the McDonald restaurant offer. McDonald’s has been number one in the fast-food marketplace in the United States, and the most memorable brands, products, and mascots. McDonald’s prerogative owner can be safer than lesser-known franchises because the McDonald’s name and operational model comes packaged with its own legion of loyal customers and industry-best put ons for restaurant success. A franchise store such as McDonald’s can\r\nhelp business owners to achieve financial freedom by associating with an international powerhouse t hat can almost guarantee a certain degree of success. Another advantages of McDonald have is that McDonald’s cis that they can invest female genitalia any market research it does and eliminates the need for a franchisee to do expensive research. Although McDonald it has its advantages, there are disadvantages cerebrate with McDonald’s. The restaurants have been target in a booking against what has been term the obesity epidemic, casting McDonald’s outlets along with their owners in a highly negative straighten out in the media, and their communities. McDonald’s and its peers respond to this negativity by attempting to add healthy options to their menu, hardly the stigma is belike to linger. One of the advantages Dattilo’s Restaurants is that the restaurant’s offers an abundant classic Italian menu, comprised of items made from locally sourced bounty quality ingredients, cooked to order for each guest. The restaurant uses original an d healthy Italian accent. Dattilo’s also offers earnings special discounts and family gathering for its customers (Dattilo’s Ristorante, 2013). The disadvantage is Dattilo’s restaurant location are limited, the restaurant has not expanded their services statewide. Confusing sentence, consider restate! Conclusion\r\nA business model is one essential factor in the success of a business. The business models of McDonald’s and Dattilo’s are much antithetical but both successful. McDonald’s is a major corporation with thousands of locations and Dattilo’s with just one, but both have been in business for many years. There are advantages and disadvantages of both types of businesses, but no matter building a sustainable competitive advantage is achievable. The cardinal restaurants compared in this paper offer different levels of quality, service, and cuisine, thus requiring a different level of ownership that each business model relays. \r\nReferences\r\nDatillo’s Ristorante: (2013).About Us, 2013, rRetrieved from:\r\nhttp://dattiloristorante.com/?page_id=8\r\nMcDonald’s: Values in Action, 2013, retrieved from:\r\nhttp://www.mcdonalds.com/us/en/home.html\r\n|Content and Organization |Points |Comments: | |70 part | pull in: 6.5 | | |Profile of a Small Business (Week 2) | |All cardinal elements of the | | | |assignment are | | | |covered…good assembly line! | | |Y | | | | | | | | |You intelligibly identify the| | | |two businesses but make | | |Y |sure you distinctly | | | |identify the industry. | | | | | | |N |Good job explaining the | | | |advantages and | | | |disadvantages. | | |N | | | | |Make sure you provide | |\r\n| |academic and business | | | |research to validate | | | |your thoughts and | | |Y |opinions. | | | | | | | | | | | |Your introduction | | | |clearly states your | | | |purpose and what you | | | |plan to address. | | |Y | | | | | | | | |Your conclusion needfully to| | | | followup the major points | | |Y |of the paper- good job | | | | | | | | | | | | | | |Y | | | | | | | | | | | |Y | | |\r\n| | | | | | | | | | | | |Y | | |All key elements of the assignment are covered in a substantive way. | | | |700 to 1050 word count | | | |The content is comprehensive, accurate, and/or persuasive. | | | |The paper develops a central theme or idea, directed toward the appropriate | | | |audience. | | | |The paper links guess to relevant examples of current experience and industry | | | |practice and uses the vocabulary of the theory correctly. | | | |Major points are express clearly; are supported by particularized details, examples, | | | |or analysis; and are organized logically. | | | | | | | | lay an industry with which you are familiar, and then choose two | | | |businesses in that industry. | | | | | | | |Identify the business model and forms of ownership for each business, then | | | |complete the Comparison of Businesses Matrix. | | | | | | | | unwra p benefits associated with each business by\r\nevaluating how they built a | | | |sustainable competitive advantage. | | | | | | | |Explain advantages and disadvantages of each business’s ownership. | | | |The introduction provides sufficient background on the topic and previews major| | | |points. | | | |The conclusion is logical, conflates from the body of the paper, and reviews the | | | |major points. | | | | | | | |Readability and Style |Points Earned: 1.5 |Comments: | |15 Percent | | | | | |Great job…your sentences| | | |are well-written and | | |Y | delusion free. | | | | | | |Y | | | | | | | |Y | | | | | | | |Y | | | | | | |\r\n| | | | |Y | | | divide transitions are present and logical and maintain the flow throughout | | | |the paper. | | | |The tone is appropriate to the content and assignment. | | | |Sentences are complete, clear, and concise. | | | |Sentences are well-constructed, with consistently strong, varied sentences. | | | |Sentence transitions are present and maintain the flow of thought. | | | | | | | |Mechanics |Points |Comments: | |15 Percent |Earned: 1 | | | | | | | | |Research adds asperity | | |N |to your thoughts and | | | |ideas. Continue to | | | |expand your use. You | | |N |provide no business | | | |research or materials | | |N |from class. | | |Y |Ensure paragraphs are | | |\r\n|complete thoughts and | | |Y |flow into each section. | | | | | | | | | | | |Please continue to | | | |review the CWE and APA | | | |guidelines. | |The paper, including the title page, reference page, tables, and appendices, | | | |follow APA guidelines for format. | | | |Citations of original plant life within the body of the paper follow APA guidelines.| | | |The paper is laid out with effective use of headings, type styles, and white | | | |space. | | | |Rules of grammar, usage, and punctuation are followed. | | | |Spelling is correct. | | | | | | | | | |Comments: | | | |Great work team! | | |Points earned: |9 |\r\n'