HorizontalDiversification, on the other hand, is when a firm develops or acquires new products thatare may appeal to its current consumers. The company has advanced internal operating system that is very easy for the managers and owners of the firm to monitor every branch in the country. As the business 30 continues, it will have more sales as more stores of Mang Inasal open nationwide. Buyers cannot set the price, but they can choose where to eat. Few months back na ko last kumain don e and meron pa naman non. But according to how Mang Inasal is doing in the first quarter of 2012, Mang Inasal should be able to regain its financial growth in assets in the next 5 years, unless affected by externalities.
There is no amount of financing activities in 2008 and investing activities in 2010. However, due to the declining Philippine agriculture, rice prices have plummeted to nearly P60 per kilo last 2008. It is not smothered in barbecue sauce which seems to be the trend in most barbecue houses, so the taste of its meat is not drowned in some sweet and sourish mix. Compliance to sanitary standards 0. This provides an avenue for the industry to increase its sales and to further increase its market growth since people who eat outside their houses are gradually increasing throughout the years.
A: Conventional wisdom prescribes that to do a good job at managing the future do so via the success of the past. There are over 10,000 employees and 445 branches nationwide; they are targeting to open 500 stores by 2012. This becomes a hindrance to collect management; marketing and financial data such as the financial statements and internal strategies of the company as handling the employees is different in every branch because of its many franchisees. Relevance Mang Inasal, as a food establishment, should also abide with the laws provided in the sanitation code. Pricing The price of the products of the firm fit aptly. S1-T1-T5: Intensify social media marketing Product Development Strategy: 1. In fact, it is one of the fastest growing franchises in our country.
Franchising also generates jobs for the Filipino people and therefore reduces unemployment. Relevance: An increase in demand for packaged would also mean an increase in demand for fast food chain where Mang Inasal is a part of. In its disclosure to the Philippine Stock Exchange on Oct. To address this issue, Mang Inasal needs to come up with new promos and strategies. I want to provide the best for my family. In five years, Mang Inasal will be have every branch in the Philippines as it continues to grow every single day. MangInasal - is a Pinoy quick-service restaurant that originated in the City of Iloilo and was able to compete with other.
Currently, there are 445 branches nationwide and with over 10,000 employees system wide. As the number of branches of the company is increasing, they see to it that they provide outstanding and exceptional products and services to its consumers in every branch that they own. We also welcome meetup announcements of. Wastewater produced by the fast-food, restaurant and other food companies has been increasing, that if left untreated will lead to harmful effects in the environment. The integration strategy of the company is the turning point of success. Restaurants serve a wide variety of food at a specified cost given on its menucard for on or off the premises consumption. Chic-Boy also offers an unlimited rice and unlimited iced tea, which Mang Inasal pioneered in the Barbeque Fast Food Industry.
However, investments increases at this time as some of the investors chose to invest in the country especially those who are based in Japan to have offices because of the fear of the tsunami incident in Japan last year. In 2010, it has a 98. Each category has been designed to assess one of the key categories, which affect employee performance. A larger market share assures the firm the driver seat of the industry. Not long afterwards, potential franchises from Luzon showed much interest, paving the way for Mang Inasal to penetrate Metro Manila. Hire a part-time health inspector To be aware and updated of current health issues Enhance the Research and Introduce new menu items Development team.
This is because periodic and timely accounting reports to the board are a major tool for decision making. S1-S4-S5-O4 Organize a Mang Inasal Franchise Summit to attract potential franchisees 84 Through this franchise summit, Mang Inasal will be able to discuss and explain the nature and procedures of a branch and acquring a franchise. Some the reasons why foreigners invest in our country are low costs of doing a business. The company sales still exceeded the cost of sales, operating and other expenses, so it still enable to generated a vast amount of net income during 29 the years. Activity and Efficiency Inventory Turnover Mang Inasal is better in efficiently selling its inventory compared to Chic-Boy.
The American company Boeing has been the market leader for a very long period of time, until Airbus outturned them for the first time in 2002. Internal Audit Management Audit The company uses basic strategic management concepts like the Backward 27 Integration, by getting raw materials and products from their suppliers. After evaluating the business, the study should consider how much is the starting capital to develop the franchise concept. Where Did Mang Inasal start? Recommended strategies under this quadrant are: horizontal, conglomerate, concentricdiversification and joint venture. The reconstruction of the commissary into a training center started in March 2010 and includes a mock-up of a typical Mang Inasal store. I need food to survive.
The vision statement is not time-bound. Efficient Commissary System Weaknesses 1. Sia's first taste of running a business was when he was 20 years old. External Analysis Economic Performance and Forecasts Market becomes saturated due to booming fast food industry Food is one of the basic needs of every people, with these; food industry is growing as time pass by. The products are very affordable that entices the customers to by from them. The company sale from 2009 is 850 M. The company generates a big amount of income as more customers buy products from Mang Inasal branches nationwide that is cost affordable.