This list should include all possible issues no matter how likely they are to occur. To keep up with the demand they keep on innovating and introducing new offers and new themes every month for example they started with Soba theme for the month of April which involved several Soba food specialties like soba soup, soba salad and soba cheese rolls, and the best part is that all of these items are affordable even for the middle class.
Insights on the Company 4. Marketing Marketing is an art andscienceof mixing up of elements such as appealing products, competitive prices, convenient places/locations, and promotions to comprise the basic building blocks of the firms offer to the market (Noel Capon, 2009, p. 11). In 2003, Sakaes parent company Apex-Pal was listed on the Singapore Stock Exchange. Global economic crisis occurred in 2008 and Sakae found its margins reduced by high prices for commodities such as rice and vegetables. Overview of the Industry. zaobao. Staff training and requirements 12.
Retrieved 4 5, 2012, from http://www. 4 Profit/Loss attributes to share holders2, 104. For the regular dishes, the staff can immediately identify plates, which have been on the Kaiten (conveyor belt) for too long using our color-coded system. 01 Earnings per share1. The main ingredients involved in preparing sushi are Shari that consists of short white-grained Japanese rice mixed with a dressing consisting of rice-vinegar, sugar and salt. * As part of Corporate Social Responsibility, Sakae Holdings should adapt eco-friendly practices like recycling, reusing and reducing the waste generated. Apart from kaiten sushi, the restaurants also serve ala-carte dishes. One can use the bamboo mat for making the sushi roll (Japan-guide. Developing the Plan Once the assessment stage has been completed, the structure of the plan can be established. Appendix 1. 2008, pg. These purchases helped them increase the turnover, which was also due to the increase in the number of Sakae Sushi restaurants.
The Edge Singapore. (Please refer to appendix 1. This report contains financial statements of Sakae Sushi; it also contains information related to the costs involved in running the business, i. e. expenses, salaries and cost of raw materials, etc.
Essentials of Marketing. The card not only gives bonus value, but it also can be used to avail discounts and other promotions from Sakae Sushi outlets, this keeps the customers craving for more and more new delicacies and keeping a look at new offerings.
He worked really hard along with his team to penetrate into the market and establish Sakae Sushi in the country. Someone must be assignedresponsibilityfor ensuring that the plan is maintained and updated regularly and should therefore ensure that information concerning changes to the business process are properly communicated. Retrieved from https://nerdyseal.com/sakae-sushi-business-plan/. 30 B. In a stock corporation, the stockholders elect the board and it is the highest management authority of a company. zaobao. 8312. 172, 107. Retrieved 4 5, 2012, from ir. Recommendations Introduction Sushi is a Japanese specialty that consists of boiled vinegar rice wrapped around by a sheet of seaweed usually dry seaweed. Sakae Sushi adopts a simple two-tier pricing structure in relation to their kaiten sushi.
Weaknesses The business structure is highly complex in terms of operations and the cost of maintenance is also high. Thus the capital required to open every new branch is different and may vary from places to places and from time to time.
Copyright NerdySeal / All rights reserved. 0853, 6845, 0812, 261(3, 748)3, 262 Non-current assets4, 8334, 62712, 43318, 51619, 87630, 852 Non-current liabilities30128942159058610, 088 Shareholders equity10, 76213, 57620, 51516, 39811, 15320, 256 Net assets per share10.
Managing high sales revenue without charging hefty prices to their customers. Sakae sushi business plan. NerdySeal. In Lovelock, Patterson, P. G. Walker, R. H. , Services Marketing (pp. Retrieved 04 10, 2012, from Japan-guide. She is also responsible for the consultancy, maintenance and research and development work for all IT-related matters of the Group. May 8, 2022. https://nerdyseal.com/sakae-sushi-business-plan/. 26-30).
Mr. Foo does not just want to stop here; he has plans enter other Asian markets like North Korea that has strong monopoly power and also he still hopes for achieving success in the United States of America. 3 million (Theresianto, 2008). Sales 8. Business Development Status 9. Table of contents 1. Products and Services offered 6. Sakaes simple price structure proved to be very popular.
361, 844. com. Market leaders and trendsetters in terms of addressing the needs of the customers by bringing new and apt themes and promotions every now and then that is according to the demands of their customers. Lovelock, C. H. , Patterson, P. G. , Walker, R. H. (2007). Shareholders equity stood at $27. Its important to attract the young generation and todays generation loves to havefast foodso they introduced variety of burgers like Teriyaki Chicken, Unagi and Salmon Mango, the school going children and college students also cherish such delicacies provided to them at reasonable prices. NerdySeal. Sakae Sushi outlets in Singapore are located at strategically important and accessible places, so that their customers need not walk miles in search for good food. The duties of the board of directors of Sakae Sushi are as follows: * Establishing policies and objectives. 91 Shareholders equity15, 443. New promotions, new monthly themes and discounts help boost sales and as the past records show Sakae Sushi has done well enough to maintain the stream of profits and also innovate to perfection (Dalrymple, 2000). * Managing salaries and compensation of the employees. 64)2. Their aim is to provide their customers with unique, hassle-free dining experience at Sakae Sushi restaurants.
Douglas Foos ambition is to turn Sakae into a major food franchise and to be considered as the McDonalds of sushi worldwide. com. Sakae Sushi targets those areas to operate their stores where they find a potential target market also keeping in mind other areas in close vicinity.
Japan-guide. Capons marketing framework, Wessex Publishing. japan-guide. The next stage is to determine which business functions need to be resumed. 1. pdf The Contingency Planning Guide. Sakae Sushi has done enough advertising campaigns and has offered its customers with new themes every month so that their customers never get bored of the same old dishes. Sakae Sushi was stared in the year 1997, since then it has grown tremendously and expanded and reached out to other countries like Indonesia, Thailand, Philippines, Malaysia, Vietnam and China etc. Their customers love the availability of different desserts with several fruity flavors and they are even healthy. 1) Product The term product refers to the tangible physical products as well as services that include decisions to be made regarding the brand name, styling, packaging and design, etc. All three orientations need to go hand in hand so as to achieve golden success for any firm and this is exactly the case of Sakae Sushi. Going Global- 2009. "Sakae sushi business plan."
It also contains information about the management team of Sakae Sushi and it provides insights of the industry and the company on the whole. In 2006 Sakae sushi decided to expand its business to north Korea, Mr. Foo made his first visit to North Korea in 2001 as part of a Singapore Manufacturers Federation delegation and has maintained the contacts he made then.
In Japan sushi is portrayed as a traditional food, the Japanese people enjoy various types of sushi during several occasions. (2022) 'Sakae sushi business plan'. 9 million as at 31 December 2011 due to short-term revolving loans balance of $10. Funding Request and Exit Strategy 21.
In May 1987, he joined Banque Paribas, Singapore Branch as a deputy manager of banking, where he stayed until April 1989. 963. Sakae Holdings Ltd. (2012, 2 28). May 8, 2022. https://nerdyseal.com/sakae-sushi-business-plan/. MR. CHAN WING LEONG (Independent Director) Mr. Chan Wing Leong was appointed as an Independent Director on 30 April 2005. They managed all this by providing excellent quality customer service and serving one of the most delicious sushi dishes in the city. sg: http://ir.
In 2001 Sakae Sushi opened its first Drive through restaurant in Trade Hub 21 in Jurong east MRT station. 2 million as at 31 December 2011 (Full YearFinancial StatementAnd Dividend Announcement {n. d. }). The Group was in a negative working capital position of $5. * Accounting for the performance of the company. She also worked with the Keppel TatLee Bank Limited as an assistant manager.
Promotion Promotion represents the methods ofcommunicationthat a marketer may use to provide information to different parties about his product. 5 million shares, of which 836, 000 were for public investors and the rest for institutional investors, clients and company employees (Business Times, 2004). com. A profit of S$2. Robert, H. (2000).
Board of Directors 20.
(2022, May 8). 8 million and net profit of SGD3. In anon-stock corporationwith no general voting membership,e. g. , a university, the board is the supreme governing body of the institution (Robert, H. , 2000). It will also help young and budding entrepreneurs to understand how to analyze the market and make right decisions from time to time. It is often simply referred to as the board. Mr. Foo being a great Entrepreneur spotted the difficulties early on during the financial crisis and he finally decided to shut down operations at the Chrysler building in New York. The majority of sushi dishes were priced at S$1. BU2005 Entrepreneurship Sakae Sushi Business Plan By: Lu Mi (12668064) Zhou Ke Jun (12618536) Aditya Nandal (1266) Mayank Bhardwaj(12669440) mayank. Expenses and Capital Requirements The main expenses of Sakae sushi are the purchase of the raw materials from its suppliers.
7414. It not only requires creativity but also innovation at its best, so that whatever hard work is put in is reflected by the craving the customers have for their sushi (Lovelock, 2007). Also discussed here are the various products and services offered at Sakae Sushi and the methods implemented by them to promote and advertise their brand to the masses. Introduction 2.
Production Process 0. Sakae Sushi also conducts refresher courses for their staff. Business Development Status. The first important milestone is about dealing with the aftermath of a disaster. Dalrymple, D. J. , Parsons, L. J. 46). Suppliers 11. * Tie up with other food ; beverage organizations to promote and diversify their brand. (2002). Next ingredient is Nori, which is basically black seaweed wrappers; it is a type of algae very common in the harbors of Japan. NSW, Australia: Pearson Education Australia. de: http://www. MS. FOO LILIAN (Executive Director) Ms. Foo Lilian was appointed as Sakae Sushis Executive Director on 2nd May 2002 and is responsible for the general management of the Company.
You can use this sample for research and reference purposes to help create your own paper. In 2001, Sakae opened its first overseas outlet in Thailand, a joint venture with a Thai food company and other local partners. (2000). 832, 336. Any changes or amendments made to the plan must be fully tested. This report talks about the methods implemented by Sakae Sushi to attract customers during the time of the Asian financial crisis. MR. LIM CHEE YONG (Independent Director) Mr. Lim Chee Yong was appointed as our Independent Director for Sakae Sushi on 14 July 2003. 463. (n. d. ). 741. MR. ANDY ONG SIEW KWEE (Independent Director) Mr. Andy Ong Siew Kwee was also appointed as Sakae Sushis Independent Director on 14 July 2003. Apex-Pals food businesses, of which Sakae is the flagship brand, represented over 95% of the companys revenues.
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