03 Analyse how having clear objectives could help a new takeaway restaurant to survive its first year of trading.

[Sir Afzal Shad]

03 Analyse how having clear objectives could help a new takeaway restaurant to survive its first year of trading. [3]

[Shaliza khawaja]

having clear objective would provide specific goals to guide its operations and growth.
for example if a resturant sets an objective to attract 100 customers
this would give then a clear obejective to focus on like marketing to attrract more customers which would also increase revenue, Setting clear objectives also removes the chances of confusions and improves services it also provides then a benchmark to work towards keeping them motivated

[Fatima ibtehaj]

[KN]It can help to give the restaurant a sense of direction.
[APP]For example, a new takeaway restaurant might set an objective to attract 500 regular customers in 6 months
[AN]This helps the owner focus marketing efforts such as offering discounts or using social media to build a loyal customer base quickly. It also allows the business to measure progress and make changes if sales are lower than expected.

[Shuraim Arif]

(KN) Having clear objectives would mean the staff would have a lot more time working towards their objectives, rather than wasting time on what those objectives should be.
(APP) For example, one of the main objectives of a new takeaway restaurant may be to charge competitive pricing from customers and earn trust of customers over competitors, all while charging slightly lower prices than what the competitors offer.
(AN) Having this clear objective in mind, all the staff would be working together to do their best at earning customers' trust over competitors and charge lower prices. Although this may not be fruitful at first, it would help the business enter the market and start competing against competitors, but most of all, it would help the business survive it first year. This objective may change, however, once the business feels that it has built a loyal consumer base, they may increase prices and may aim to work harder on quality to ensure more trust. This would later on give the business a competitive edge over the market, all because the business had set clear objectives in its initial period of trading.

[shamaim shakeel]

Knowledge Point:
Clear objectives help a new takeaway restaurant by giving it a plan to follow and showing how progress will be measured. This helps the owner stay organised and avoid confusion when making decisions.

Application:
For example, a new pizza takeaway might set an objective to reach daily sales of 100 pizzas within six months by using social media promotions and fast delivery service.

Analysis:
With this goal, the owner can focus on actions that bring more customers, like offering discounts or improving delivery speed. This builds a good reputation, leading to repeat customers who trust the service. As more people order regularly, the restaurant earns steady income, which helps it survive and grow in its first year.

[Subhan Zafar]

{KN}Having specific objectives, such as achieving a target number of weekly orders, gives the restaurant a clear focus and ensures all decisions support its main goal of survival.
{APP}For example, if a new pizza takeaway sets a clear objective to achieve 200 customer orders per week in its first three months, this gives the owner and staff a clear target to work toward. It helps them decide how much stock to order, how many employees to schedule for shifts, and how much marketing to do to reach that goal.
{AN}By having this clear focus, the restaurant avoids wasting money or effort on unplanned activities and can monitor whether it’s on track to meet demand. This increases efficiency, helps control costs, and improves the restaurant’s chances of surviving its first year of trading by ensuring resources are used effectively to achieve steady sales growth.

[Abdullah Altaf]

[KN] It will business in achieving its goal.
[APP] For instance, a new restaurant could aim for a 20% sales revenue increase within six months. This target motivates the team and influences decision-making.
[AN] With a clear objective like this, the restaurant can allocate resources effectively. For example, they might invest more in marketing during peak hours or offer loyalty programs to retain customers. This targeted approach not only boosts sales but also strengthens the restaurant's position in the market, increasing its chances of survival and long-term success.

[M huzaifa jillani]

(KN)
Clear objectives give a business direction and focus on what it wants to achieve.
(APP)
For example a new takeaway restaurant might set objectives such as increasing sales,gaining customer loyalty or controlling costs during its first year.
(AN)
Having clear objectives helps the restaurant plan effectively for instance it can set targets for daily sales or customer satisfaction and measure progress. This ensures better decisions making and efficient use of limited resources. It also helps motivate employees because everyone knows the businesses goals. This can lead to improved performance and higher chance of survival in a competitive food market .

[Abdullah Baig]

Kn
Clear objectives guide a business’s actions and help it stay focused
App
For example, a new takeaway restaurant might set an objective to gain 200 regular customers in its first year which helps it plan marketing and promotions effectively and monitor progress toward reaching that goal keeping the team motivated and organised
An
Therefore, having clear objectives increases the restaurant’s chances of survival by giving direction, improving coordination, and ensuring steady growth

[Arham Qadri]

[KN] Because it ensures that the business dose not drift from its objective and it ensures focus.
[APP] For example a new branch of a fast-food chain like In-N-Out could set an objective of getting at least 10,000 customers a year.
[AN] Hence this will give the business a sense of direction to follow, the employees will focus on that particular objective and will advertise it which will lead to its growth, reduce the chances of failure and will improve their image.

[Aarib Saad]

(KN)It will give the restaurant a clear guideline in terms of decision making.
(APP)Since, in this case the objective is survival, it will help the business choose the pricing method and in the case cost plus pricing will be the best option to meet the objective of survival.
(AN)Thus, allowing the business to be able to attract a stable amount of customers, allowing it to cover costs, which will in turn help the business survive it's first year in the market.

[Wahaj Ashraf]

[KN] It will give the restaurant a clear route to follow and will help in decision making.
[APP]e.g. Since it is a new takeaway business their main aim will be survival they will decrease their prices and keep it low than the competitors thus helping them in survival.
[AN]Thus this will not only help the business in survival but customers will be attracted as the prices will be low allowing business to cover costs helping them survive.

[Dania Farooq]

[KN] Having clear objectives gives a business direction nd helps it stay focused on what it wants to achieve
[APP] For eg, a new business like a restaurant might set an objective to gain a 100 customers or getting a specific amount of sales by the end of a year.
[AN] This is beneficial for a business as it allows the owner plan for the future, also keeps staff motivated. it helps the business keep a track nd make quick changes which enables the restaurant stay organized nd competitive.

[hassanalizafar]

[KN] Setting clear objectives helps a business stay focused and work strategically toward achieving its goals.
[APP] For example, a new restaurant might aim to increase its sales revenue by 20% within six months. This target gives the team a clear direction and influences key business decisions.
[AN] Having a clear objective enables the restaurant to plan its resources more efficiently, which guides targeted actions such as focused marketing campaigns. This helps attract more customers, leading to higher sales revenue. As revenue grows, the restaurant can strengthen its competitive position, which builds customer loyalty.

[Abdullah Mohsin]

[KN] Helps the business focus on one goal
[APP] For example, a new takeaway resturant might aim to survive with minimal profits and working towards increasing business recognition, helping every employee work towards the same goal.
[AN] This improves coordination and motivation among employees, helping the restaurant build a stable customer base and increasing its chances of surviving in its first year.