4M.case Study 2013
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Transcript of 4M.case Study 2013
7/27/2019 4M.case Study 2013
http://slidepdf.com/reader/full/4mcase-study-2013 1/4
I. Title of the Case:
IT’S IN THE CART
II. View Point (Person/ Department Responsible for the Action):
Marketing Department/ Marketing Head. Responsible for spreading
information about the products and services offered to the market to increase
sales performance.
III. Objective:
The objective of this case study about is to lessen the competition among
competitors in the food cart business.
IV. Statement of the Problem:
“FAST GROWING COMPETITION OF ENTREPRENEURS IN FOOD
CART BUSINESS.”
V. Areas of Consideration (S.W.O.T. Analysis):
A. Strengths: 1. Ease of set-up and movable within the traffic
2. Manageable by having minimum number of personnel
3. Trademark or Market recognition
B. Weaknesses: 1. Less varieties of the food they offer
2. Location or small space
3. Life span of the cart
4. Rental fee
C. Opportunities: 1. Learn latest trends
2. Cost-effective
D. Threats: 1. Competitors
2. Price war
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VI. Alternative Courses of Action
ACA No. 1: Enhance core competencies.
Advantage/s: a. Gain competitive advantage.
b. Minimize production cost
c. Maximize the use of opening and closing
hours of shop
1.2 Disadvantage/s: a. Time-Consuming
ACA No. 2: Attend or join food cart trade fairs and seminars.
1.1 Advantage/s: a. Better choice of suppliers
b. Increase of Managing skills
c. Gathered information
1.2 Disadvantage/s: a. Effort
b. Time-consuming
c. Expenses
ACA No. 3: To create or build a mother umbrella of the specific food carts
1.1 Advantage/s: a. Better management
b. Increase sales
c. Clustering of food carts
d. Low competition
1.2 Disadvantage/s: a. Expensive
b. Effort
c. Time-consuming
d. Building a new organization may result into
conflict
7/27/2019 4M.case Study 2013
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VII. Recommendation
PLAN OF ACTION
Alternative course of Action No. 2
Attend or join food cart trade fairs and seminars
Administration
Department
Finance
Department
Human Resource
Department
Marketing
Department
Operation
Department
Responsible in
processing all of the
admin
documents for the
rest of the food cart
business. And
ensuring that all
records that pass
through the
department are filed
correctly and can befound and referred
to if and when they
ever become
necessary.
Responsible for the
budgeting needed
and tracking all the
expenses and
transaction that will
be use before,
during and after the
event.
Responsible in
recruiting and
hiring qualified
employees that
are needed in the
event not only by
assisting but also
by guiding the
entrepreneurs I the
right path of way
for their businessin the near future.
Responsible for
informing the
food cart
business
entrepreneurs
about the
information and
services that will
be offered in the
trade
fair/seminar which can be
useful to
increase sales
performance
and for other
purposes.
Responsible
providing
resources th
can be use for th
event and asse
the departmen
making sure th
the overa
operations w
function
accordingly anproperly to mak
the eve
successful.
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Case Study Summary
For many aspiring entrepreneurs starting up a food cart business is a good
choice. It’s a simple business which only needs a small capital and the ease of setting
up. There are estimated 800 different food cart formats here in the Philippines creating
more than P1 billion in sales every year from fruit shakes, waffles, rice in a box and
others.
In a business like this the basic component here is the cart. The food cart
minimum capital is P30,000 and increases to P300,000 depends on what type of cart
will be produce just like a stainless steel carts with full equipments. From the cart, the
next is the location. Location is one of the most important things to be considered in any
type of business, if chosen correctly you can recoup your investment easily. Choosing a
location is not that easy as it seems, putting your cart in mall food court is not a good
idea because the tendency here is there will be a comparison between the food you
offer and to your competitors which has more choices of menu.
The last thing to be considered is the product-location match, right pricing, and
customer retention strategies. Like all businesses, you have to have the right product, at
the right price, and the right location to sell it to attract as many customers and keep
them coming back. If your location is within or near the school the pricing of your
products must be affordable to students on limited allowance. And since it is a school
based there’s a need to change the menu from time to time to maintain interest on the
products.