Analysis of The Competition of Traditional Chinese Causine In Singapor

Question: Describe about the Analysis of The Competition of Traditional Chinese Causine In Singapore. Answer: Introduction Singapore is located at the tip of Malaysia and borders China, India and Peninsula. Its population is composed of different ethnic and cultural groups who mainly include the Chinese, Eurasians and Indians. Chinese Cuisine is one of the most popular kind of food known by the Singaporeans. The Singapore Nutrition and Dietetics Association (SNDA), Health Promotion Board (HPB) and Ministry of Health, Singapore, takes the mandate to advise and educate its people on the best healthy and nutritious foods that they are supposed to feed on. The restaurants that serve cuisine in Singapore (specialized or not) face a lot of competition from other servers like hawker centers, coffee shops and food courts. These centers are preferred because they are cheap, easily accessible and are many. The fact that there is a lot of competition in the food business in Singapore, a potential business person must be ready to find the best way to be the best Chinese cuisine server in order to get profit. The following are the most competitive restaurants in Singapore that serve traditional Chinese cuisine: Asia Grand Restaurant- This is listed by Burpple as the number one best specialized Chinese cuisine restaurant in Singapore. Location- It is located at 331 North Bridge Road, Odeon Towers in Singapore. Staffs- Considering the fact that this restaurant specializes at Chinese cuisine, it means that its staff i.e the chef, managers, cleaners, waiter, waitresses and others are all professionals. They are people professionally trained and have the ability to work and give full customer satisfaction Services- The services offered in this hotel are of great excellent in quality. These services are some of the best that one can find in Singapore since they are offered by professionals. Apart from service of cuisine, the restaurant offers other food services, Financial Resources- The board of directors of this restaurant include four qualified senior accountants specialized in the corporate accounting sector who give professional advice to the management concerning financial and investment matters. The restaurants has also attracted very many investors from all over the world who buy shares and in turn get profits in terms of dividends. The restaurant managers ensure that its revenue and expenses records are safely kept. They include statement of financial analysis, income statement, statement of profit and loss and other comprehensive income statements, statements of changes in equity, statement of cash flow. Market shares- With Asia Grand Restaurant being ranked as top five best in Chinese cuisine serving restaurant, it has got a very large market share in food service industry. Products- The restaurant serves very delicious Chines cuisine that makes its customers go back to feast there. Its different kinds of food have attracted so many from all over including tourists and visitors of Singapore. Blue Lotus Chinese Eating House- Listed by Burpple as the second best cuisine restaurant in Singapore. Location- It is located at the Idryllic Quayside Isle at Sentosa cove Staff- Its staff are specialized in their fields and are professional too. They must have the training that is needed in the field they are working in. Products- Apart from serving the Chinese cuisine food, Blue lotus offers other kinds of foods like sea foods, roasted meat and noodles. The foods served here are cheap, of excellent quality and quantity which makes it one of the best restaurants in Singapore (listed as number 2 by Burpple) Services- The restaurant offers good quality services that every customers finds worth their payment. The services re done by the professional employees who give it their best. Market shares- The restaurant is popular and very well known by people in Singapore. It is preferred by many tourists who visit Singapore and the Singaporeans too making it have a large market share in the food service industry. Financial resources- The restaurants financial resources are derived from the profits gets and investments from investors. The restaurant is managed by very qualified professionals who get advice from specialized financial advisers. NB: There is a lot of competition also from the centers that I mentioned earlier i.e food courts, hawker centers and coffee shops. References: Stokes, D., Wilson, N., Mador, M. (2010). Entrepreneurship. Hampshire, UK, South-Western/Cengage Learning EMEA. Bygrave, W. D., Zacharakis, A. (2010). The portable MBA in entrepreneurship. Hoboken, N.J., Wiley. Hisrich, R. D., Peters, M. P., Shepherd, D. A. (2011). Entrepreneurship. New Delhi, Tata McGraw Hill. Carsrud, A. L., BraÃÅ'ˆnnback, M. E. (2007). Entrepreneurship. Westport, Conn. [u.a.: Greenwood Press.