Business Re-Assesment
After reading the critical evaluation feedback, our team member has the opportunity to find out what are the strengths and weaknesses about our Burger Lab. There are some issues that we have to make changes on in order to improve our business. Also, some of the feedback is not advocated so not all issues have been raised. We agree on evaluation from others and the information below will show and indicate the different feedbacks that we have. This will be helpful for us in our long run business.
Comment/Feedback: Good vision of mission
Strength, Weakness, Opportunity or Threat? Strength
Action to take: Ongoing advertising and promoting
Rationale for Chosen Action: To reach better profit because in a long run business, advertising is needed to keep the old loyal customers but also to attract more and more new customers and pull them into our business.
Comment/Feedback: A very relaxing and modern place to be in.
Strength, Weakness, Opportunity or Threat? Strength
Action to take: Should focus on opening a considerably big business in order to get more.
Rationale for Chosen Action: This will help to increase the size of the business and gain market share in the industry.
Comment/Feedback: Good location to reach out for more customers.
Strength, Weakness, Opportunity or Threat? Opportunity
Action to take: Use real world examples of promotion media that is practical and up to date.
Rationale for Chosen Action: To keep the information of promotion clear and up to date as a message to customers.
Comment/Feedback: Idea of just selling burgers and specializing just on only one product.
Strength, Weakness, Opportunity or Threat? Weakness
Action to take: To increase the target market and promotion campaign.
Rationale for Chosen Action: To increase the size of the business and gain market share in the industry. After that, maximizing profit and upgrading facilities of restaurant.
Comment/Feedback: Many choices of burgers.
Strength, Weakness, Opportunity or Threat? Strenght
Action to take: Delivery services
Rationale for Chosen Action: To save more time and energy. By staying at home, waiting for food to be delivered.
Comment/Feedback: Homemade recipe is the key of unique
Strength, Weakness, Opportunity or Threat? Strength and Opportunity
Action to take: Selling meal in combo.
Rationale for Chosen Action: To make more choices of burgers in meal for person who has dilemma and it will not make your menu to be bored to look at.
Comment/Feedback: Lack of market awareness
Strength, Weakness, Opportunity or Threat? Weakness
Action to take: Spend more time on business and also advertising
Rationale for Chosen Action: To attract more customers and keep them aware that we are providing good customer services to keep regular customers and maintaining quality of food.
Comment/Feedback: Nice logo of The Burger Lab
Strength, Weakness, Opportunity or Threat? Strength & Opportunity
Action to take: Concern more on our budget in business.
Rationale for Chosen Action: To raise more money to upgrade a more professional kitchen and luxurious furniture and then to attract some investors.
Comment/Feedback: Good vision of mission
Strength, Weakness, Opportunity or Threat? Strength
Action to take: Ongoing advertising and promoting
Rationale for Chosen Action: To reach better profit because in a long run business, advertising is needed to keep the old loyal customers but also to attract more and more new customers and pull them into our business.
Comment/Feedback: A very relaxing and modern place to be in.
Strength, Weakness, Opportunity or Threat? Strength
Action to take: Should focus on opening a considerably big business in order to get more.
Rationale for Chosen Action: This will help to increase the size of the business and gain market share in the industry.
Comment/Feedback: Good location to reach out for more customers.
Strength, Weakness, Opportunity or Threat? Opportunity
Action to take: Use real world examples of promotion media that is practical and up to date.
Rationale for Chosen Action: To keep the information of promotion clear and up to date as a message to customers.
Comment/Feedback: Idea of just selling burgers and specializing just on only one product.
Strength, Weakness, Opportunity or Threat? Weakness
Action to take: To increase the target market and promotion campaign.
Rationale for Chosen Action: To increase the size of the business and gain market share in the industry. After that, maximizing profit and upgrading facilities of restaurant.
Comment/Feedback: Many choices of burgers.
Strength, Weakness, Opportunity or Threat? Strenght
Action to take: Delivery services
Rationale for Chosen Action: To save more time and energy. By staying at home, waiting for food to be delivered.
Comment/Feedback: Homemade recipe is the key of unique
Strength, Weakness, Opportunity or Threat? Strength and Opportunity
Action to take: Selling meal in combo.
Rationale for Chosen Action: To make more choices of burgers in meal for person who has dilemma and it will not make your menu to be bored to look at.
Comment/Feedback: Lack of market awareness
Strength, Weakness, Opportunity or Threat? Weakness
Action to take: Spend more time on business and also advertising
Rationale for Chosen Action: To attract more customers and keep them aware that we are providing good customer services to keep regular customers and maintaining quality of food.
Comment/Feedback: Nice logo of The Burger Lab
Strength, Weakness, Opportunity or Threat? Strength & Opportunity
Action to take: Concern more on our budget in business.
Rationale for Chosen Action: To raise more money to upgrade a more professional kitchen and luxurious furniture and then to attract some investors.