Project Management Essay Example | Topics and Well Written Essays - 1000 words - 6

Project Management - Essay Example Restaurants solve this problem and provide consumers with cooked food items. The time required to obtain cooked food does decrease but the decrease depends on the type of restaurant. Fast food restaurants have cooked food that is ready to serve with minimal need for service making them the fastest food providers. In essence, fast food restaurants have greater chances of being a business success than other larger and more exquisite restaurants for two reasons. The first advantage is that the consumer base for fast food restaurants is large and the second advantage is that the initial investment is small. In addition, fast food restaurants are more environmentally friendly since the processed food requires far less raw materials than exquisite dining options. On another note, the waste produced from fast food joints is also lower since lower amounts of food items are processed and so lower amounts of waste is produced. The other major benefactors from a fast food restaurant would be th e consumers being served and the investors backing the project. The consumers would be provided with fresh varieties of fast food in order to provide a diverse eating experience. Alternatively, the appeal of new varieties of fast food are expected to bring in attractive returns for the people investing in the proposed project. Project Risks The proposed project stands to get affected from a number of internal and external risks. For one thing, a fast food restaurant is a business that faces stiff competition at start since there are a lot of different fast food restaurants already present in the market. The presence of well established competitors means that the new business will have to create a loyal customer base and then expand it while old and new competitors exist in the market. Moreover, customers in the fast food category have already developed tastes for fast foods being offered at various kinds of fast food restaurants. This is comparable to the beverage industry, where fo r example, a Pepsi customer will not ask for Coca Cola and vice versa. There is a risk that when the new fast food restaurant opens, it may take a lot of time to develop consumer’s taste in new varieties of fast food. In the short run, this could mean a prolonged principal amount recovery period but in the long run this strategy would result in a loyal customer base. Another thing that must be kept in mind is the fragile state of the overall economy. When the economy is performing well, it could be expected that new business survival would be easy since people would be spending with an open hand. In more restrictive fiscal situations, such as the current state of the economy, consumers have smaller disposable incomes and they are less willing to take risks with their money. A consumer would prefer to take fast food from a restaurant whose taste they are already familiar with rather than trying out a new fast food restaurant. The opening up of a new business also poses some mo re familiar risks such as finding the right kind of labor and ensuring retention of good workers. For a fast food restaurant, highly capable chefs would be required to churn out recipes that can be produced in no time and that would cater to the tastes of the target market. In addition, fast food requires that the business have a committed supplier base who can deliver products at the most optimal prices. Larger fast food chains such as McDonalds and KFC have the distinct advantage of ordering in bulk and having many

News Paper Summary Essay Example | Topics and Well Written Essays - 500 words - 2

News Paper Summary - Essay Example nce been evident especially on the waterfront, and buyers are relying on the Latin American-style of financing, which necessitates one to deposit a minimum of 50% before closing to fund construction. Developers will thus affect the rental market adversely since everyone is moving away from rentals thus raising demand. CIT group is set to acquire $3.34 billion in cash from OneWest in a deal they project to produce profits of 3.35 times its initial investment. OneWest collapsed in 2008 thus becoming the third largest bank failure due to growing concerns by customers about its rising mortgages. The deal drew scrutiny from the dividends they produced for private-equity firms and their investors, but regulators had few choices. CIT majors in commercial lending and the deal is set to boost its assets to $67 billion. The firm’s top cop is confident the regulators will approve the deal, and he is gratified with the deal because it will be worth the expense that comes about with crossing the $50 billion mark. The article tinctures on a court ruling set to be revisited to determine whether misconducts done by employers to staffs should apply to cases brought under Connecticut law. It further cites an example from a case brought forward by Mr. Trusz, who was fired by UBS for allegedly overvaluing properties leading to excessive fees for clients. He consequently sued the banks citing his superiors treated him differently from others who did not complain before winding up their employments. Investors predict they could lose a lot if the court interprets the law narrowly since whistleblowers will have their safety compromised against reporting firms’ wrongdoings. If the ruling favors Mr. Trusz, it will limit employers’ flexibility to make tough verdicts on workers. In its defense, UBS claimed Mr. Trusz duties encompassed in his official duties did not include valuations of property, but he defended his actions by saying that whistleblower shelters are essential to shield