Financial Decision Making In The Foodservice Industry
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Author | : Amit Sharma |
Publisher | : CRC Press |
Total Pages | : 274 |
Release | : 2019-12-20 |
Genre | : Business & Economics |
ISBN | : 1000005674 |
The study of decision-making in foodservice is still a relatively new area of scholarly interest. The application of cost-benefit analysis and behavioral finance and economics in the foodservice context is rare. This volume, Financial Decision-Making in the Foodservice Industry: Economic Costs and Benefits,fills that gap and focuses on cost-benefit analysis, decision-making, behavioral finance, economic theories, and their application in foodservice and restaurant industry. The volume synthesizes these major themes by developing new theoretical foundations and presenting findings from the investigation of managerial practice. The authors cover an abundance of topical issues, including ethical obligations in foodservice, sustainability issues in the foodservice/restaurant industry, farm-to-school and local food expenditures in school foodservice settings, managerial traits and behavior in the foodservice industry, and more.
Author | : Taylor & Francis Group |
Publisher | : Apple Academic Press |
Total Pages | : 282 |
Release | : 2021-12-13 |
Genre | : |
ISBN | : 9781774635162 |
This volume, Financial Decision-Making in the Foodservice Industry: Economic Costs and Benefits, fills that gap and focuses on cost-benefit analysis, decision-making, behavioral finance, economic theories, and their application in foodservice and restaurant industry.
Author | : Nimit Chowdhary |
Publisher | : Emerald Group Publishing |
Total Pages | : 180 |
Release | : 2022-08-22 |
Genre | : Business & Economics |
ISBN | : 1802629394 |
Indian Tourism brings together leading experts from all over the world to assess the challenges and opportunities of the tourism sector in India and its correlation to the country’s economic performance and prospects.
Author | : Camillo, Angelo A. |
Publisher | : IGI Global |
Total Pages | : 497 |
Release | : 2021-04-09 |
Genre | : Business & Economics |
ISBN | : 1799843432 |
Foodservice industry operators today must concern themselves with the evolution of food preparation and service and attempt to anticipate demands and related industry changes such as the supply chain and resource acquisition to not only meet patrons' demands but also to keep their competitive advantage. From a marketing standpoint, the trend toward a more demanding and sophisticated patron will continue to grow through various factors including the promotion of diverse food preparation through celebrity chefs, mass media, and the effect of globalization. From an operational standpoint, managing and controlling the business continues to serve as a critical success factor. Maintaining an appropriate balance between food costs and labor costs, managing employee turnover, and focusing on food/service quality and consistency are fundamental elements of restaurant management and are necessary but not necessarily sufficient elements of success. This increasing demand in all areas will challenge foodservice operators to adapt to new technologies, to new business communication and delivery systems, and to new management systems to stay ahead of the changes. Strategic International Restaurant Development: From Concept to Production explains the world of the food and beverage service industry as well as industry definitions, history, and the status quo with a look towards current challenges and future solutions that can be undertaken when developing strategic plans for restaurants. It highlights trends and explains the logistics of management and its operation. It introduces the basic principles for strategies and competitive advantage in the international context. It discusses the food and beverage management philosophy and introduces the concept of food and beverage service entrepreneurship, restaurant viability, and critical success factors involved in a foodservice business venture. Finally, it touches on the much-discussed topic of the food and beverage service industry and sustainable development. This book is ideal for restaurateurs, managers, entrepreneurs, executives, practitioners, stakeholders, researchers, academicians, and students interested in the methods, tools, and techniques to successfully manage, develop, and run a restaurant in the modern international restaurant industry.
Author | : Agnes L. DeFranco |
Publisher | : Wiley |
Total Pages | : 384 |
Release | : 2006-10-20 |
Genre | : Business & Economics |
ISBN | : 0470073411 |
Real-world advice for quick retention of the most important business concepts and skills of hospitality finance Hospitality Financial Management provides a straightforward, practical approach to help the hospitality manager effectively analyze hospitality industry management reports and financial statements; prepare accurate business forecasts, strategic pricing models, and effective cost-control systems; manage working capital; develop and finance growth strategies; perform investment analysis; prepare investment packages; negotiate and structure business deals; and ultimately increase shareholder value and personal wealth. This comprehensive how-to book includes: Feature Stories--brief histories of famous hospitality leaders highlighting how they have used financial management skills to attain success for their companies and significant financial rewards for themselves Learning Outcomes--a summary of key topics covered in each chapter Finance in Action--scenarios that apply the concepts, skills, and techniques presented in the chapter to real-world situations. A step-by-step solution is provided for each problem to walk the reader through the necessary financial calculations The Real Deal--boxed inserts that emphasize the relevance of the book by linking financial concepts to fun facts associated with situations students either have or will encounter in their everyday lives Concept Checks--case studies that reinforce the materials presented and enable students to practice their analytic and problem-solving skills Hospitality Financial Management is the perfect book for undergraduate and graduate hospitality management students, hospitality industry managers, and owners of small hospitality businesses.
Author | : |
Publisher | : |
Total Pages | : 538 |
Release | : 1988 |
Genre | : Food service |
ISBN | : |
Author | : Oswaal Editorial Board |
Publisher | : Oswaal Books |
Total Pages | : 369 |
Release | : 2024-08-06 |
Genre | : Study Aids |
ISBN | : 9362390574 |
Welcome to a fresh approach to assessment and learning through this comprehensive book, designed as a versatile learning tool featuring a variety of typologies. Assessing the application of knowledge and skills to real-world contexts and using authentic problems which draw on real-life data are key features of Competency-Based Education (CBE) assessment promoted by the CBSE. A Holistic Approach to Learning: Education today is not just about knowing and recalling; it is about developing competencies that enable critical thinking, problem-solving, real-life application and adaptability. This book offers a holistic approach to learning, covering a wide range of subjects. Each subject is examined using various question formats, ensuring students are well-prepared and confident in tackling competency-based questions. Enhancing Competencies: Our aim is not just to prepare students for exams but to foster a deeper understanding and proficiency in each subject area. This book is designed to enhance various competencies using: 🌟 Bloom’s Taxonomy for each question 🧠 Core Concepts for Quick Recall 📊 Levels 1 & 2 Questions from Core CBSE Resources 📖 MCQs & Case Based Questions for extensive practice 📚 Detailed Answers for conceptual clarity Structured Learning Path: Each section of the book is meticulously structured to guide students through a progressive learning path. Beginning with fundamental concepts and advancing to more complex applications, the book ensures a gradual and comprehensive build-up of skills. Education is a journey of discovery. This book equips students to navigate modern education's complexities, fostering confidence and curiosity for academic excellence. Embark confidently, and happy learning!
Author | : Lauranan Helga Farevaag |
Publisher | : |
Total Pages | : 472 |
Release | : 1973 |
Genre | : Food service management |
ISBN | : |
Author | : Florida International University |
Publisher | : |
Total Pages | : 378 |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : James Matson |
Publisher | : Government Printing Office |
Total Pages | : 84 |
Release | : 2015-09-17 |
Genre | : Business & Economics |
ISBN | : 9780160929847 |
This report is part of a multi-volume technical report series entitled, Running a Food Hub, with this guide serving as a companion piece to other United States Department of Agriculture (USDA) reports by providing in-depth guidance on starting and running a food hub enterprise. In order to compile the most current information on best management and operations practices, the authors used published information on food hubs, surveyed numerous operating food hubs, and pulled from their existing experience and knowledge of working directly with food hubs across the country as an agricultural business consulting firm. The report’s main focus is on the operational issues faced by food hubs, including choosing an organizational structure, choosing a location, deciding on infrastructure and equipment, logistics and transportation, human resources, and risks. As such, the guide explores the different decision points associated with the organizational steps for starting and implementing a food hub. For some sections, sidebars provide “decision points,” which food hub managers will need to address to make key operational decisions. This illustrated guide may assist the operational staff at small businesses or third-party organizations that may provide aggregation, marketing, and distribution services from local and regional producers to assist with wholesale, retail, and institution demand at government institutions, colleges/universities, restaurants, grocery store chains, etc. Undergraduate students pursuing coursework for a bachelor of science degree in food science, or agricultural economics may be interested in this guide. Additionally, this reference work will be helpful to small businesses within the food trade discipline.