What makes a business successful? Providing value, cost - TopicsExpress



          

What makes a business successful? Providing value, cost effectively! "Value driver" leverage business profitability and reduce risk. Value drivers distinguish successful companies from their competitors. Value drivers vary by type of business. While reputation and cost control are always important, other factors vary. For example RESTAURANTS (as a whole Hotel Management) - Your CAREER path: The most important things are to be known by REPUTATION for Good Food and Special Dining Experience. Value (profit) drivers for a successful restaurant include: Location, Concept, Menu, Quality of Cooking and above average Wait Staff and last but not least Cost Control. To take a telling example: In 2008 Lombard Odier initiated a program which enables young people from developing countries to study at the Ecole Hôtelière de Lausanne (Lausanne hotel school), thus making a long-term contribution to the development of the tourism sector in their countries of origin.
Posted on: Tue, 11 Jun 2013 04:56:15 +0000

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