Mgt 401 Week 2 Essay

art Model similarityMost low-toned wrinklees require some outside championship. Not umteen entrepreneurs adjudge enough personal capital to open and carry funding for a job. To attract ornamentors and attain partnerships, a ancestry owner should read a task model necessary. This newsprint will compargon devil eating house businesses, identify the business model and forms of ownership for for each one business by completing a Comparison of Business matrix, describe benefits by building a sustainable competitive advantage, and giving advantages and disadvantages of each business ownership. Great introduction. You state the purpose and what you plan to addressMcDonalds restaurants atomic number 18 among the most recognizable in the world. Their quint immanent arches can be place in almost every country. This fast-food mogul is one of the biggest and most juicy corporations in the manufacturing (what industry? Make sure you support instruction on the restaurant in dustry). Serving as a polar turnaround is Datillos restaurant in Hemet, California. This small restaurant is known as the wholly fine dining experience in town and has only one placement. The companies both represent the polar opposites of forms of business ownership.Comparison of Businesses matrixComparison Items McDonalds Datillos Fast food, low select, low wrongs. model restaurant, high quality, and mid-level prices valuate Proposition We place the node experience at the coreWelcome home, here you can enjoy a occasional(a) of all we do lunch or dinner in a warm, festive (Values In Action, 2013). atmosphere. (Datillos Ristorante About Us, 2013). Target Market All Markets, all classes All Markets, all classes Value Chain Attractive to plenty looking for inexpensive Attractive to people looking for a fine dining and fast food. Fast emersion rate. experience. Can compete with rivals on quality and aid. Revenue In 2012 uncouth income was $27.6 Billio n. In 2012 gross income was $459,000. Position More opportunity for expansion and strange cuisine (niche) offers competitive competitive advatange advantage, less opportunity for expansion private-enterprise(a) Strategy Serving food at the lowest possible price Only fine dining in town. Au pasttic Italian temporary hookup reserving as much quality. Also reliantfood, very high quality products. on nostalgia to bring customers back. Form of Ownership Corporation When a business is possess by Sole Proprietorship a business that is owned multiple people and run by trim-lying and managed by one person. managers and employees. bang-up informationBenefits To Building A Competitive AdvantageWhen evaluating the benefits of each business, it is all important(p) to see to it the size of each business. As an example, both sole proprietorships and partnerships ar relatively small in size and may perhaps provide more than personalized service to each of their clients. I n many businesses, customers appreciate personalized service and may in turn hire small businesses for that service. On the other hand, a larger business, like McDonalds, typically is constitute of more resources and may offer the prospective customer a lower price.Another competitive advantage of a smaller business, like Datillos, is the powerfulness to provide customers with a higher level of quality. Because customers of small businesses deal more closely with a tight nit group of employees, the quality and service provided to the customer is much greater than a larger corporation composed of many locations.Both small and large businesses each have distinct advantages that modify them each to thrive. Although some customers may appreciate the more personalized service of small businesses, others may prefer a lower price and a larger name brand. Make sure paragraphs be a borderline of 3 sentencesAdvantages and Disadvantages of Business OwnershipMcDonald is known for the qua lity the restaurant serves, and the opportunities the McDonald restaurant offer. McDonalds has been number one in the fast-food market in the coupled States, and the most memorable brands, products, and mascots. McDonalds franchise owner can be safer than lesser-known franchises because the McDonalds name and operational model comes packaged with its own horde of loyal customers and industry-best practices for restaurant success. A franchise store such as McDonalds canhelp business owners to achieve financial liberty by associating with an international powerhouse that can almost guarantee a certain degree of success. Another advantages of McDonald have is that McDonalds cis that they can invest behind any market research it does and eliminates the need for a franchisee to do expensive research. Although McDonald it has its advantages, there are disadvantages associate with McDonalds. The restaurants have been target in a battle against what has been term the obesity epidemic, ca sting McDonalds outlets on with their owners in a highly negative light in the media, and their communities. McDonalds and its peers respond to this negativity by attempting to add healthy options to their menu, only if the make is likely to linger. One of the advantages Dattilos Restaurants is that the restaurants offers an extensive classical Italian menu, comprised of items made from locally sourced premium quality ingredients, cooked to order for each guest. The restaurant uses authentic and healthy Italian accent. Dattilos also offers profit special discounts and family gathering for its customers (Dattilos Ristorante, 2013). The disadvantage is Dattilos restaurant location are limited, the restaurant has not expanded their services statewide. Confusing sentence, consider rewording ConclusionA business model is one essential factor in the success of a business. The business models of McDonalds and Dattilos are much distinct but both successful. McDonalds is a major corpora tion with thousands of locations and Dattilos with just one, but both have been in business for many years. There are advantages and disadvantages of both types of businesses, but regardless building a sustainable competitive advantage is achievable. The twain restaurants compared in this paper offer different levels of quality, service, and cuisine, thus requiring a different level of ownership that each business model relays.ReferencesDatillos Ristorante (2013).About Us, 2013, rRetrieved fromhttp//dattiloristorante.com/?page_id=8McDonalds Values in Action, 2013, retrieved fromhttp//www.mcdonalds.com/us/en/home.htmlContent and governance Points Comments 70 part Earned 6.5 Profile of a Small Business (Week 2) All key elements of the assignment are covergood job Y You clear identify the deuce businesses but make Y sure you clearly identify the industry. N Good job explaining the advantages and disadvantages. N Make sure you provide a cademic and business research to support your thoughts and Y opinions. Your introduction clearly states your purpose and what you plan to address. Y Your stopping point needs to review the major points Y of the paper- good job Y Y Y All key elements of the assignment are covered in a substantive way. 700 to 1050 word count The content is comprehensive, accurate, and/or persuasive. The paper develops a central theme or idea, directed toward the inhibit audience. The paper links theory to relevant examples of current experience and industry practice and uses the vocabulary of the theory correctly. Major points are stated clearly are supported by specific details, examples, or analysis and are organized logically. Identify an industry with which you are familiar, and then choose two businesses in that industry. Identify the business model and forms of ownership for each business, then fare the Comparison of Businesses Matrix. Describe benefits associated with each business byevaluating how they build a sustainable competitive advantage. Explain advantages and disadvantages of each businesss ownership. The introduction provides sufficient background on the topic and previews major points. The determination is logical, feasts from the body of the paper, and reviews the major points. Readability and Style Points Earned 1.5 Comments 15 Percent Great jobyour sentences are well-written and Y error free. Y Y Y Y Paragraph transitions are present and logical and maintain the flow throughout the paper. The tone is appropriate to the content and assignment. Sentences are complete, clear, and concise. Sentences are well-constructed, with consistently strong, varied sentences. Sentence transitions are present and maintain the flow of thought. Mec hanics Points Comments 15 Percent Earned 1 Research adds boldness N to your thoughts and ideas. Continue to expand your use. You N provide no business research or materials N from class. Y Ensure paragraphs are complete thoughts and Y flow into each section. Please continue to review the CWE and APA guidelines. The paper, including the designation page, reference page, tables, and appendices, follow APA guidelines for format. Citations of original works within the body of the paper follow APA guidelines. The paper is laid out with effective use of headings, event styles, and white space. Rules of grammar, usage, and punctuation are followed. Spelling is correct. Comments Great work team Points earned 9