Mgt 401 Week 2 Essay

Business Model ComparisonMost abject demarcati adepts assume some outside funding. Not many entrepreneurs have enough personal capital to open and assert funding for a clientele. To attract investors and attain partnerships, a disdain owner should consider a business model necessary. This paper will comp ar two restaurant businesses, identify the business model and forms of self-will for each business by completing a Comparison of Business matrix, describe benefits by building a sustainable war-ridden advantage, and giving advantages and disadvantages of each business ownership. Great introduction. You state the purpose and what you visualize to addressMcDonalds restaurants argon among the most recognizable in the world. Their quintessential arches tooshie be identify in almost every country. This fast-food mogul is one of the biggest and most profitable corporations in the intentness (what industry? Make sure you provide information on the restaurant industry). Serving a s a cold opposite is Datillos restaurant in Hemet, California. This small restaurant is cognise as the only beauteous dining experience in town and has only one location. The companies both re extradite the polar opposites of forms of business ownership.Comparison of Businesses MatrixComparison Items McDonalds Datillos Fast food, low smell, low prices. Sit-down restaurant, risque quality, and mid-level prices Value Proposition We place the customer experience at the coreWelcome home, here you can enjoy a casual of all we do lunch or dinner in a warm, festive ( determine In Action, 2013). atmosphere. (Datillos Ristorante About Us, 2013). Target Market each(prenominal) Markets, all classes All Markets, all classes Value Chain captivating to people looking for in dear(predicate) Attractive to people looking for a fine dining and fast food. Fast growth rate. experience. Can manage with rivals on quality and go. Revenue In 2012 gross income was $27.6 Billion . In 2012 gross income was $459,000. Position More hazard for expansion and Unique cuisine (niche) offers competitive competitive advatange advantage, less opportunity for expansion Competitive dodging Serving food at the lowest possible price Only fine dining in town. Au and thentic Italian while reserving as much quality. Also reliantfood, very high quality products. on nostalgia to bring customers back. Form of Ownership Corporation When a business is owned by resole Proprietorship a business that is owned multiple people and run by degrade-lying and managed by one person. managers and employees. Good informationBenefits To Building A Competitive AdvantageWhen evaluating the benefits of each business, it is important to consider the surface of each business. As an example, both sole proprietorships and partnerships argon relatively small in size and whitethorn perhaps provide more than individualized service to each of their clients. In many businesses, cu stomers appreciate personalized service and may in turn hire small businesses for that service. On the other hand, a big business, like McDonalds, typically is composed of more resources and may offer the prospective customer a lower price.Another competitive advantage of a smaller business, like Datillos, is the ability to provide customers with a higher(prenominal) level of quality. Because customers of small businesses deal more closely with a tight nit group of employees, the quality and service provided to the customer is much greater than a bigger corporation composed of numerous locations.Both 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 sentencesAdvantages and Disadvantages of Business OwnershipMcDonald is known for the quality the restaurant ser ves, and the opportunities the McDonald restaurant offer. McDonalds has been number one in the fast-food market in the join States, and the most memorable brands, products, and mascots. McDonalds franchise owner can be safer than lesser-known franchises because the McDonalds name and running(a) model comes packaged with its own legion of loyal customers and industry-best practices for restaurant success. A franchise store such(prenominal) as McDonalds canhelp business owners to achieve financial independence by associating with an worldwide powerhouse that can almost guarantee a certain degree of success. Another advantages of McDonald have is that McDonalds cis that they can invest behind 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 associate with McDonalds. The restaurants have been target in a battle against what has been term the obesity epidemic, casting McDonal ds outlets along with their owners in a highly negative light in the media, and their communities. McDonalds and its peers respond to this negativity by attempting to add healthy options to their menu, further the stigma is likely to linger. One of the advantages Dattilos Restaurants is that the restaurants offers an extensive classic Italian menu, comprised of items made from locally sourced premium quality ingredients, cooked to nightclub for each guest. The restaurant uses authentic and healthy Italian accent. Dattilos also offers Internet special discounts and family conclave for its customers (Dattilos Ristorante, 2013). The disadvantage is Dattilos restaurant location are limited, the restaurant has not expanded their serve statewide. Confusing sentence, consider rewording ConclusionA business model is one essential doer in the success of a business. The business models of McDonalds and Dattilos are much different but both successful. McDonalds is a major(ip) corporation with thousands of locations and Dattilos with just one, but both have been in business for many years. There are advantages and disadvantages of both types of businesses, but regardless building a sustainable competitive advantage is achievable. The two 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.ReferencesDatillos Ristorante (2013).About Us, 2013, rRetrieved fromhttp//dattiloristorante.com/?page_id=8McDonalds Values in Action, 2013, retrieved fromhttp//www.mcdonalds.com/us/en/home.htmlContent and Organization Points Comments 70 Percent bring in 6.5 Profile of a Small Business (Week 2) All key elements of the assignment are coveredgood lineage Y You clearly identify the two businesses but make Y sure you clearly identify the industry. N Good job explaining the advantages and disadvantages. N Make sure you provid e academic and business research to formalize your thoughts and Y opinions. Your introduction clearly states your purpose and what you plan to address. Y Your conclusion needs to review the major points Y of the paper- good job Y Y 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 theory to relevant examples of watercourse experience and industry practice and uses the vocabulary of the theory correctly. Major points are stated clearly are supported by specific details, examples, or analysis and are organized logically. Identify 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. Describe benefits associated with each business byevaluating how they built a sustainable competitive advantage. Explain advantages and disadvantages of each businesss ownership. The introduction provides sufficient background on the topic and previews major points. The conclusion is logical, flows from the carcass of the paper, and reviews the major points. Readability and Style Points Earned 1.5 Comments 15 Percent Great jobyour sentences are well-written and Y error free. Y Y Y Y Paragraph 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 validity 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 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 works within the body of the paper follow APA guidelines. The paper is laid out with effective use of headings, font styles, and white space. Rules of grammar, usage, and punctuation are followed. Spelling is correct. Comments Great work team Points earned 9