Complete the competitor analysis (step 10) and the description of the management team for Best Choice Restaurant (step 11). Remember, in the description of the management team, place your chosen form of ownership and why that form is preferred.Your document should be completed using APA format and standards.
Competitor Analysis:
- Existing Competitors
- Who are they? Create a Competitive Profile Matrix
Table 1: Competitive Analysis
| FACTOR | Me | Strength | Weakness | Competitor A | Competitor B | Importance to Customer |
| Products | ||||||
| Price | ||||||
| Quality | ||||||
| Selection | ||||||
| Service | ||||||
| Reliability | ||||||
| Stability | ||||||
| Expertise | ||||||
| Company Reputation | ||||||
| Location | ||||||
| Appearance | ||||||
| Sales Method | ||||||
| Credit Policies | ||||||
| Advertising | ||||||
| Image |
Now, write a short paragraph stating your competitive advantages and disadvantages.
- Strengths
- Weaknesses
- Potential Competitors. Companies that might enter the market
- Who are they?
- Impact on your business if they enter
Management and Organization
Who will manage the business on a day-to-day basis? What experience does that person bring to the business? What special or distinctive competencies? Is there a plan for continuation of the business if this person is lost or incapacitated?
If you’ll have more than 10 employees, create an organizational chart showing the management hierarchy and who is responsible for key functions.
Include position descriptions for key employees. If you are seeking loans or investors, include resumes of owners and key employees.
Professional and Advisory Support
List the following:
- Board of directors
- Management advisory board
- Attorney
- Accountant
- Insurance agent
- Banker
- Consultant or consultants
- Mentors and key advisors
Submit the assignment to the Assignment box no later than Sunday 11:59 PM EST/EDT. (This Assignment box is linked to Turnitin.) All submissions should be completed using APA formatting and standards.
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