SWOT Analysis of a Restaurant Business- Burger Chain Harvey's.
Student’s Name
Institutional Affiliation
SWOT Analysis of a XXXXXXXXXX Business- XXXXXX Chain XXXXXX's.
Harvey’s XX a XXXXXXXX XXXXX fast XXXX XXXXXXXXXX. XXX restaurant is considered a major burger chain XXXXXX Canada and XXX XXXXXXXX. XXXXXX existed for 61years, the restaurant has faced all there XX XX XXXXXXXXXX in XXXXXXXX (XXXX, XXXX). The business is XXXX XXXXXXX XXXX-XXXXX of its XXXXXXXXX and potential in the current XXXXXX. XXXX analysis XX a XXXXXX yet so XXXXXXXX XXXXXXXX strategy that basically entails XXXXXXXXX your business internally to XXXXXXXXX its strengths, XXXXXXXXXX, opportunities and threats (XXXXX, XX al. XXXX). SWOT analysis arms the XXXXXXXX with a strong and solid XXXXXXXX XXX XXXXXXXXXXXX what needs to be done to grow XXX business. XXX XXXXXXXX works for both new XXX existing businesses XX XXXX. However it’s a strategy XXXX cannot XX XXXXXXXXX to other people XXX XXXXX XXXXXXXX the XXXX involvement of XXX XXXXXXXX XXXXXXXX and XXXXXXX. XXXXXXXX Harvey’s leadership has XXXX passed down generation XXXXX generation. XXXXXXX, their XXXXXXXX XXXXXXXXXX have remained XXX same XXXX SWOT XXXXXXXX XXXXX the XXXX popular.
Let’s consider XXXX XXXXXX XX the analysis individually and into XXXX XXXXXX XX understand how we XXX XXXX the XXXXXXXXXXX thrive XXXXXX XXXXXX’s XX a XXXX XXXXX.
XXXXXXXXX
Great customer experience deliveredCustomer-centric strategyClose XX the XXXXXXXXHigh XXXXXX on XXXXXX XXXXXXXXGood knowledge XX the XXXXX market
XXXXXXX be simply be described as XXXXXX XXXX a XXXXXXX XXXX XXXXXXXXX well and which XXXXXXX XXXXXXXXXXXXX XXX business from XXX competitors. XXXXXXX way to realize the XXXXXXXXX is XXXXXXXXX XXX XXXXXXXXXXXX internally and XXXXXXXXX the advantages the XXXXXXXXXXXX XXX XXXX XXXXX business (XXXXX, XX al. XXXX). XXXXX the XXXXXXXXXX XXXXX XXX best possible quality XXX value XX their XXX and returning customers. XXXXXX’s XX the XXXX restaurant that apart XXXX well XXXXXXX XXXXXXX. It XXXXXX its XXXXXXX with the choice XX various XXXXXXXX. While this might seem a XXXXX difference, it XXXXXXXXXXXXX XXX restaurant from XXXXXXXXXXX XXX increases sales XX a significant margin.
XXXXXX’ XXX XXXX XXXX XXX branches all across Canada (DoDD, XXXX). This XXXXXXXXX XXXXX them XXX competitive advantage XX XXXXX XXXXX to their XXXXXXXXX. Customers of any business want to XXXX XXXX XXXX XXX easily access their products XXX services of preferences without having to XX so far. XXX XXXXX being readily XXXXXXXXXX XXXXX in XXXXXXXX XXXXXXXXX XXX attraction. Having branches XXX round is XXXX an XXXXXXXXX XX XXXXX strength XX being XXXXXXXX-XXXXXXX. Harvey’s major decisions XXX guided XX XXXXXXXXX XXX question “what does the XXXXXXXX want and XXXX?”
XX this era of XXXXXX XXXXX, then every businesses should XX XXXXX XX XXXXX social reviews XXXX XXXXXX who XXXX interacted with XXXXX XXXXXXXX or XXXXXXXX. XX XXXX XXXX, Harvey’s enjoy high ratings XX review sites which in return acts as advertisement XX referrals. X XXXXXXXX should be able to XXXXXXXXX XXXXXXX from their customers XX ensure that the news spread XXXXXX and XXXXXXXXXXX XX no XXXXX expense.
XX XXXXX in business is XXXXXXXXXX a plus in terms XX knowledge XX the local XXXXXX (DoDD, XXXX). XXXXXX XXXXXXXX restaurants, Harvey’s understands XXX ins and outs of the XXXXX market XXXXX gives them a XXXXXXXXXXX XXXXXXXXX XXXX XXX upcoming XXXXXXXXXXX. Understanding XXX immediate XXXXXX gives XXX XXXXXXXX XXX XXXXXXXXX of XXXXXXXXXXXX XXXX, how XXX where XX introduce new strategies into XXX XXXXXXXX. This eventually XXXXXXXXXX the business XXXXXXX XX XXXXX strategies which might not XX XXX XXXX with restaurants not aware of XXX local market.
Weaknesses:
XXX XXXXXXXX into the restaurant industryLimited XXXXXXX XXXXXWeak XXXXXXXXXX power with XXX XXXXXXXXXHigh XXXX structureDynamic competitive landscapes
XXXX XXX drawbacks that distract the XXXXXXXX XXXX XXX strengths. Additionally weaknesses XXX XX considered XXXX XXXXX XXXXXX XXXXXX a XXXXXXXX that need to XX XXXXXXXX XX XXXXXXX XXXXXXXXXXXXXXX (XXXXX, XX XX. 2019). XXXX XXXXXXXX XX XX XX XXXXXX XX XXXXXXXX, XXXXXXX a XXXXXXXX would rather XXXX the reality immediately XXXX XXXXXXXXXX XXXXXX XXXXX XXXX it’s XXX late. The biggest XXXXXXXX XXX Harvey’s would be XXX many emerging new XXXXXXXX into XXX XXXXXXXXXX XXXXXXXX. XX years ago, restaurant XXXXXXXX XXX XXX as XXXXXXX as it XX now. With the XXX entrants, Harvey’s XXX to spend XXXX XXXX XX XXXXXXXXXXXXX and XXXXX XXXXXXXXX.
Limited product range. Harvey’s XXX started XX a burger chain and XXX XXXXX XXXXXXXX around XXX XXXX. Unlike XXX XXXXXXXXXXX, the restaurant XXX not XXXX able XX XXXXXXXXXXX XXXX XXXXXXXX into their XXXXX. XXXXXXX XXXXX XXXXXX’s XXXXX XXX best in town, XXX restaurant has been XXXXXX a fair amount XX XXXXXXX based on XXX XXXX that XXXX do not have a wide range of products.
XXXXXX’s has XXXX XXXX XXXXXXX weak at XXXXXXXXXX with the XXXXXXXXX. XXXXXX more XXXXXXXXXXX in the market XXXXX XXXX XXXXXX for XXXXX is XXXXXXXXX and that one XXXXXXXXXX cannot determine the prevailing XXXXXX rates. With a weak XXXXXXXXXX power, businesses then XXX XX XXXXXXXX much more on stock money XXXX XXXXX otherwise XX XXXXXXXX XXXXXXXXX XXXX.
As earlier stated, Harvey’s is XXXXXXXX XXXXX and is XXX XX have global XXXXXXXX. Regardless XX the fact XXXX it XX well XXXXXX out in XXXXXX, XXX XXXXXXXXXX XXXXXXXX a global XXXXXX XXXXX. XXXXXXXXX, XXXXXXXXX burger XXXXXX XXX XXXXXX global XXXXX XXXXXXXXX XXXXX XXXXXX share and XXXXXXXXXXXXXXX(Sarsby, XXXX). Depending XX XXX size of the XXXXXXXX and emerging XXXXXX, restaurants should XXXXXXXX spreading their XXXXX XX a XXXXXX scope.
XXXXXX’s being a XXXXXXXXXX XXXXXXXXXXX XXXXXX a XXXXXXXXX era, XXX founders are skeptical about XXXXXXXXX XXXX money into the XXXXXXXXXX of XXX XXXXXXXX (DoDD, 2020). However XXXXXXXX business XXX XXXXXXXXX, they XXXXXX XXXXXX XXXX XXX XXXXXXXXX XX XXX business. XX curb XXXX, the leaders need to embrace XXX changes in the business XXXXX and XXXXXX back XXXXX XXXX a XXXXXX XXXX XXXXXXXXX.
Opportunities:
Attract XXX XXXXXXXXX through special offersXXXXXXXX XXXXX awareness XXXXXXX XXXXXX XXXXXXXXXX XXXX XXX XXXXXXXXXDemand for home deliveriesXXXXXXXXX endorsementsUtilize XXX sponsorships to broaden XXX XXXXX
XXXX XXX chances XXX something great XX happen XXX the XXXXXXXX. Despite the chances XXXXX XXXXX, XXX XXXXXXXX XXXXXX XX able XX XXXXXXXX XXXX XXX XXXXX XXXXX (XXXXX, et al. XXXX). Failure XX which the chances just XX XX waste or XXX XXXXXXXXX claimed by the competitors. XX is also XXXXXXXXX to note that opportunities XXX more external XXXX XXXX are XXXXXXXX. Being able XX XXXX and exploit XXXX however, XX a XXXX that the business XXXXXX XXXX XX. XXXXX a restaurant, XXXXXX’s XXX the XXXXXXXXXXX to XXXXXXX XXXXXXXXX through XXXXXX XX buy one XXX one XXXX. XXXXXXX they XXXX XX XXXXXX look at XXX XXXXXX and XXXXXX their XXXXXX XXXXXXXXXXX.
As XXXXXXX stated XXXXXX’s XXX XXXX XXXX XXXXXXX good social reviews. This in XXXXXX is an opportunity XX XXXXX brand XXXXXXXXX XXXXXXX XXXXXX engagements with their customers. The world XX social XXXXX XX global XXX XXX of the best advertisement medium there XX. These social engagements give XXXXXXXXX a XXXXX of XXXXXXXXXX XXX XXXXXXXXX XX the XXXXXXXX hence XXXXXXXX loyalty.
XXXX time XXXXXX XXX XXXX XXXXXXXXXX have XXXXXXXXX XXXXXXXXX. Customers want XXX products and XXXXXXXX to be XXXXXXX XXXX from a XXXXX XX XXXXX XXXXXX, restaurants should therefor take up XXX XXXX XX a XXXXXXXX XXXXXXXXXXX XX create XXXXXXXX apps XXXXXXXX their XXXXXXX XX order in. XXXXXX’s XX a XXXXXXXXXX XXX the added advantage XXXX they XXXX spread out XXXXXXXX which XXXXX make their XXXXXXXXXX XXXXXXXX as XXXX.
XXXXXXXXX XXXXXXXXXXXX is XXXX a big in XXX XXX XX the XXXX XXXXXXX form XX advertisements XXXXXX. XXX XXXXXX XXXXXXXXXXX with celebrities or XXXXXXXXX XXXXXXX XXXXXX sells a brand more as compared XX traditional forms XX XXXXXXXXXXXXXX. XXXXXXXXXXX XXXXXX XXXXXXX take this XX XX an XXXXXXXXXXX XX XXXXXXX XXXXXXXXX with XXXXXX influencers.
Threats:
XXXXXXXXXXX introducing XXXXXX strategiesLoosing XXXXXXXX customersKey competitors XXXXXXX market XXXXX.Disruptive XXX XXXXXXXXXXXXXXXXXXXX fixed XXXXX
XXXXX XXXXXX XX XXXXXXXX XXXX can affect the XXXXXXXX from XXX XXXXXXX. XX XX paramount for any business XX XXXXXXXXXX drawbacks XXX XXXX actions against them XXXXXX XXXXXXXX a victim XX XXX threat when it XX too late (XXXXX, et al. XXXX). Like every XXXXX business, restaurants should be XXXXX XX their competitors and what strategies XXXX XXX employing to XXXXXX afloat. While XXXXXXXXXX working XXX XXXXXXXXXXX XXXXX not XXXX XXX your own, it is necessary to observe XXXXXXXXXXX and XXXXXXXXXX threats from XXX XXXXXXX they incorporate XXXX time.
Customer XXXXXXXXX XX XX far XXXXXX that XXXXXXXX XXXXXXXXXX. Every business should focus XX XXXXXXXXX their loyal customers XX XXXXXXX XX fast gaining new ones which are XXXX XX XXXX. Harvey’s XXX any XXXXX XXXXXXXXXX should be aware of losing key or rather valuable XXXXXXXXX. XXXXXX XXXXXX XXXX let the XXXXXXXXXX XXXXXXXXX XXXXXXXXXX XXXX XXXX hold XXXX XXXXX customers XX prevent an XXXXXXXX XXXXXXXX XX the XXXXXXXX.
XXX XXXXXXXXXXX gaining XXXXXX share. For the numerous entrants XXXX the XXXXXX the business should be able to XXXXXXX XXXXX competitors and XXXXXXXXXX a disruption XX the XXXXXX. Harvey’s XXX in a long XXXX enjoying a XXXX XXXX XXXXXX share until XXXXXXXXXXX came XX and claimed a piece of XXX cake. XXXX XXXXXXXXX XXXXX a threat XX XXXXXXXX XXXXXXXXXX.
Changes in XXX XXXXXXX XXXXXXXXXX comes with XXXXXX fixed costs XXX XXX business(XXXXXX, 2016). A XXXXXXXX should be able to XXXXXXX XXX changing economic trends and hence plan in XXXXXXX. Changes in the economy poses a XXXXX challenge XX the survival of a business. However XXXXXXXXXXXX XXX XXXXXX XXXXX XXX business a XXXXXXXXXXX edge XXXXX XXXX are able XX XXX XX a XXXX XX XXXXX XXX such times.
References
XXXX, X. (XXXX). XXXX it XX. Sage.
Lubis, T. W. X., XXXXX, X., &XXX; XXXXX, A. N. (2019). XXXXXXXX of Restaurant Business XXXXXXXX in XXXXXXXXXX XXXXXXXX XXXXX XXXX Analysis.
XXXXXX, X. (2016). XXXX XXXXXXXX. Lulu.XXX.