Service Business Analysis. In the Company's industry, competition is fierce. The industry has an assortment of competing businesses with many of them having more time in business, better name recognition, and a clearer, better defined reputation for the products they provide. The management of Knick [YOUR COMPANY NAME] must continue to develop and fine tune marketing and sales strategies to counteract stronger competitors while taking advantage of the weaknesses of less strong competitors. The best way to accomplish this is to obtain as much knowledge as possible about the Company's direct competitors.
5.3.1.1 Competition and Buying Patterns Even though the Company and its offerings are unique in many regards, management must never lose sight of the fact that customers seeking the products offered by [YOUR COMPANY NAME] have many options. For that reason alone, management must be knowledgeable and actively aware of the Company's competition. They must be cognizant of their offerings, pricing, strengths, weaknesses, and marketing. And, they must be ready to react to competition as changes occur. At the same time, management must be fully aware of customer buying patterns for the products the Company offers and must proactively take steps to alter sales and marketing strategies and advertising methods as customer buying patterns change as the result of advancing technology, new methods of accomplishing an old task, and ever changing individual tastes and styles.
Service Business Analysis. The travel and tourism industry generated $1.9 trillion in economic output, supported 9.5 million American jobs and accounted for 2.9% of U.S. GDP in 2019. Revenues from travel have increased approximately 100% in the last decade. U.S. travel agencies produce over $100 billion in revenues each year. The market is separated into two main categories, business and leisure travel. Each contribute about 45% to total revenues. The remainder of revenues are generated from combined business/leisure trips. The market is further separated into domestic and international travel. Domestic travel accounts for approximately 70% of industry revenues. Business travel can be divided into two categories, the medium to large corporate account and the small independent businessman. Leisure travelers are classified according to the types of trips they take, income, or age. The four primary leisure travel groups are: Adventure, Special-Interest, R&R, Honeymoons, and Sightseeing Trips. High-Income Travelers. Budget-Conscious Travelers. Families, Students and Seniors.
Service Business Analysis. The micro brewery industry is now in its third decade. As of 2008, there were more than 1367 micro breweries and pub-breweries in the United States combined. The breakdown more precisely is 392 micro breweries and 975 brew pubs. These combined producers of craft- brewed beer account for only 0.6% of domestic beer sales. Total U.S. beer sales were 211,835,000 barrels of which 8,071,241 barrels were from micro breweries, reflecting growth of 38% for the micro breweries over the large domestic brewers. It is important to note the failure rate for micro breweries is 1 in 4 whereas for small business start-ups it is 1 in 2. Business Daily stated, "Crafts have really taken pricing this year given high input costs, and yet it is still driving volume gains faster than the beer category." *Important note - Xxxxx Xxxxxxxxxxx of Beer Businesss Daily stated, "Crafts have really taken pricing this year given high input costs and yet it is still driving volume gains faster than the beer category." California has been the largest shipper of malt beverages within the United States. California has remained the largest shipper of beer in the United States for 19 years. Imports of beer in the United States has increased twenty-nine percent in the past five years and consumption of beer within California has seen similar increases. In addition, demand for specialty brews is above the larger domestic brews. The increase in the number of Craft Brewers in the United States has contributed to and is an indicator of the increased demand for specialty craft beer. Within the lager beer market is our target market of specialty brews. These discerning customers want the highest quality of craft brews. They serve the growing "gourmet" beer market and are represented by thousands of micro breweries growing to distinguish themselves via the characteristics of the beer they drink. America's craft brew market is relatively price insensitive if the beer is good, has won awards, or is compatible with a popular trend. We estimate that craft brewing in the U.S. alone is a ($USD) 6.3 billion market. Craft brewing micro breweries is the fastest growing sector showing customer support for local breweries.
1. The specialty craft beer market has been growing steady resulting in 6.5% by volume and 11% by dollars.
2. The craft brewing industry produced over 4 million barrels of craft beer in the U.S. in the first half of 2008.
3. Craft brewing is the fastest growing sector in the American market and ...
Service Business Analysis. The dance industry has experienced substantial growth at the rate of 25% each year since 1985. There are two key factors for the rise in demand for dance instruction and places to dance: • In order to gain recognition by the IOC as a sport, the International DanceSport Federation (IDSF) signed an 11 year agreement with a major sports promoter, International Management Group (IMG/TWI), which began in 1998. IMG/TWI are IDSF's commercial representatives, handling all television, sponsorship, and implementing its medium and long-term marketing strategies worldwide. The industry, as a whole, has benefited directly through the increase in public interest this campaign has achieved. • The popularity of trendy dances like Xxxxx Hop, Argentine Tango, Zomba and Salsa have also made an impact on the number of people wanting to learn how to dance. The popularity of partnership dancing has grown immensely in the last decade. Those who are familiar with dance are well aware of how fun and addicting an evening of dancing can be. Those who have not yet experienced the thrill of moving gracefully around the dance floor with a partner, need a convenient, relaxed atmosphere, where they can feel comfortable learning and utilizing current popular dances. [YOUR COMPANY NAME] seeks to provide its customers with affordable quality instruction in a fun and supportive environment.
Service Business Analysis. Modeling agencies use booking departments to keep track of which clients hire which models. The agency has a phone that is manned and an office that a client can visit. These agents also send out reminders for fresh comp cards. They advertise, do lunches, do cold calls and turn over stones to find available modeling gigs.
Service Business Analysis. According to a report by Global Industry Analysts, Inc. (GIA), the landscaping services markets in the U.S. is expected to recover from recent economic downturns and reach $80.06 billion by the year 2015. The report shows that post-recession economic recovery, resurgence in consumer spending, growing emphasis of homeowners on backyard beautification, and the imminent rise in remodeling activities will be the driving force which will trigger long-term growth in the U.S. landscaping services market. In addition, current trends toward beautification of commercial and residential property as a place for relaxation, entertainment or work, has long been a source of revenue for the landscape industry. Keeping in view the growing popularity and importance of landscaping as an art, science, and commercial value proposition, it is of little surprise that landscaping services has now become one of the most important domains in the overall services industry. Residential and commercial customers are expected to revert back to landscaping for air purification, energy savings, enhancing property value, and ensuring privacy and security to homes, which in turn will drive the need for professional landscaping services, the report said. One specific competitor is [COMPANY] in [CITY], [STATE] which is approximately 50 miles from [COMPANY]'s location. [COMPANY] is a long-standing boulder cutting business, however [COMPANY] does not offer landscape supply products and/or services. Since the boulder cutting is in high demand [COMPANY] is extremely backed up and is unable to perform in customer service. [COMPANY] now has a 3-4 week waiting period for their product and they do not return phone calls in a timely manner. A second specific competitor is a Landscape Supply company located approximately 40 miles from [COMPANY]'s location. This is a long-standing landscape supply business with excellent products, however it does not offer boulder cutting. This company, unlike [COMPANY], offers more finished landscaping products like flowers and shrubs.
4.3.1 Competition and Buying Patterns A new market research study by the National Gardening Association, Residential Lawn and Landscape Services and the Value of Landscaping, found that homeowners spent a record $44.7 billion to hire professional lawn and landscape services in 2006. These services include lawn care and landscape maintenance, landscape installation and construction, tree care services, and landscape design services. The s...
Service Business Analysis. The intellectual property legal industry has hundreds of law firms providing outside counsel services for large technology corporations. The prices charged by these law firms depend on their location within the United States and the size of the firm. Firms with more attorneys have higher overhead and charge higher prices. Law firms located within the mid-west, such as in Michigan, are able to provide the same patent and intellectual property services for much lower prices than the east and west coast firms. As the stock market has declined, corporatations are being pressured to drastically reduce legal costs more than ever before. This has opened the doors for many smaller law firms and/or law firms located in the mid-west to perform legal work for the larger corporations located on the east and west coasts. The technology industry has thousands of independent consultants and consulting companies providing technical consulting services. The prices charged by these companies depend on their location within the United States and the type of technical work being requested.
Service Business Analysis. The core operations of SLACC activity will center on building revenue from business meetings, training and social events. The event functions will operate seamlessly with the mobile truck business at this same location that functions under a unique niche of servicing local university or school district. A positive sign for the catering and restaurant industries means that the SLACC will have greater opportunities for new clients. The current predictors indicate that over 50% of Los Angeles' business and personal food budgets are spent on food prepared outside of their own kitchens, presenting an interesting opportunity for caterers (National Restaurant Association, xxxx://xxx.xxxxxxxxxx.xxx/).
Service Business Analysis. The Comprehensive Diet Venture is part of the weight management business. The plan uses two strategies of Meal replacement (MR) and Controlled Portion (CP) diets.
