A software solution investigates causes for a high mortality rate in the food service industry despite an increase in sales volume and growing trend for eating out.
This software review is about a fascinating yet startling statistical analysis of the food sales in the restaurant industry, and an overview of its potential causes of failure. In 1958, sales in the restaurant industry increased by over 40% since 1950, reaching more than 17 billion dollars. This trend signifies the dynamic growth of eating out and an expanding sales volume.
However, despite the flourishing nature of the food service industry, one cannot overlook the high rate of mortality attached to it—the number of failed restaurants surpasses the successful ones. One investigation after another proves that approximately one-fourth to one-third of restaurants that begin their existence on any given year end up shutting down by the year's end.
Consequently, the critical question remains: what are the potential causes of failure in the restaurant industry? This was posed to many successful food service organizations and operators throughout the country, and their responses were surprisingly correlated. These industry leaders revealed that a restaurant operator could only succeed if they possess a comprehensive knowledge of food.
This software review indicates that comprehensive knowledge of food is an essential ingredient for success in the restaurant industry. Knowing this fact, operators can map out their strategies, training, and development plans to ensure they are adequately equipped to succeed in the saturated market.
However, despite the flourishing nature of the food service industry, one cannot overlook the high rate of mortality attached to it—the number of failed restaurants surpasses the successful ones. One investigation after another proves that approximately one-fourth to one-third of restaurants that begin their existence on any given year end up shutting down by the year's end.
Consequently, the critical question remains: what are the potential causes of failure in the restaurant industry? This was posed to many successful food service organizations and operators throughout the country, and their responses were surprisingly correlated. These industry leaders revealed that a restaurant operator could only succeed if they possess a comprehensive knowledge of food.
This software review indicates that comprehensive knowledge of food is an essential ingredient for success in the restaurant industry. Knowing this fact, operators can map out their strategies, training, and development plans to ensure they are adequately equipped to succeed in the saturated market.
What's New
Version 1.0: N/A