Innovation and Entrepreneurship - Case Synopses - KAPAI NEW ZEALAND Essay

Innovation and Entrepreneurship - Case Synopses - KAPAI NEW ZEALAND - Essay Example And the products should not be similar to those that are available in the other restaurants. The interior of the restaurants also was clearly describing that how much the founders are in touch with an eco-friendly environment. In case of the interiors also, James and Justin had a different opinion. And their prices were such that even a single item will not cost more than that of the present minimum wages. The menu choices were like DIY (Do It Yourself). That means the restaurant will provide the different items to the customer and they themselves have to mix the items and fill it to eat. Through this the customers can understand the items used in the salad and can also have a choice in the ingredients. A wide variety of foods are available such as soup, honey, hot cakes, juice etc. The staffs got a shift of 2 to 4 hours per day. So the university students were also working as staff on part time basis. The growth of Kapai is resulted from the local support; this is because they depen ded mostly on the local suppliers. The extraordinary performance leads them to a high profit and thus, James started drawing a salary as an office staff. Since, the demand for the fast food was very high and a number of competitors such as Mc Donald’s, Domino’s, and Pizza Hut already existed, Kapai had to boost up their business. The more usage of fast food led to an over-weighted society and people started behaving very health conscious. All the restaurants tried to balance the fast food and salad items. But the health parts were ignored. The main competitor is a salad store called Reload. The urge to open the franchise increased in their minds. But the competition was very stiff. So the decision was taken to reduce the overhead costs and other expenses. And they planned to start the franchise at their preferred location. Kapai always had the first mover advantage and they wanted the people to accept it as their own. ENTREPRENEURSHIP CHALLENGES Every entrepreneur had to face some sort of challenge during their business life. This is because risk is inherent in each business. From the very stage, where the idea was generated for the venture to be closed down the challenge had to be faced. The possible challenge is â€Å"Finance, management† (Richter Meyer, 2003) for the firm i.e., naming of the firm, staff selection etc. In this case, the challenge is more like when they were running the business rather than in the start-up stage. A number of players were existing in the fast food industry in New Zealand and all of them were having a number of outlets and they were very successful entrepreneurs such as KFC, Mc Donald’s, Domino’s Pizza, Pizza Hut etc. Even though there were a lot of competitors who existed, Kapai could succeed only because they have studied the eating habit of the people and accordingly started their business and earned relatively a good profit. The next thing is that about the location for the next two stores . Their prices for each food were lower than the minimum wage rate of the country and thus the revenue-expense part was a challenge. This is because they had to pay the rent for the building, employee’s salary, purchasing of vegetables etc. Moreover, they were mostly depended on the local suppliers and tried to serve bio-degradable packaged salads and the availability

Family in Europe History Coursework Example | Topics and Well Written Essays - 1250 words - 5

Family in Europe History - Coursework Example However, kinship ties were also important to people who were poor. They kept up connections with family in the mother country when they traveled abroad for work and even when slaves were separated from each other. Kinship was thus important as a last means of sustenance when things went bad or as a responsibility for those who had done well. Among the lower levels of society, kinship ties seem to have been traced only about as far as they are traced today, from the grandparents down through the parents, aunts and uncles to the children – the siblings and first cousins of the nuclear group. Beyond that, or beyond the village in which they were born, most people tended to forget their kinship ties unless it was to some grand house elsewhere. Much of the importance of kinship at this level was determined by how to disperse the property following death and who should be invited to important social occasions such as weddings and funerals. Blood lines were important because they suggested an unbreakable link backwards into the distant past of the family. Those who shared the same blood could not deny kinship with others of the same line. This carried weight in that noble blood, once noble, would remain noble even if family circumstances brought them low. Blood linkages were recognized in terms of inheritance and in social practices, such as the passing down of the family name. Women often kept track of their bloodline as well, perhaps more so because of the need for her to relinquish her family name and home upon marriage. This was also more true in areas where lineages had been more traced through the female line in the distant past. However, marriage ties were also important because they were able to forge desired connections between family. Sometimes they took the place of blood ties such as when a sonless farmer’s daughter married and the resulting son-in-law gained the status of a true-born son to inherit the family lands.