Olympus Optical Co Ltd B Functional Group Management Case Study Solution

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Olympus Optical Co Ltd B Functional Group Management Case Solution

The structure of Olympus Optical Co Ltd B Functional Group Management Case Study Solution was in the year 1935, the time when Yunosuke Aoki-- dad of Rocky (the current youthful president of Olympus Optical Co Ltd B Functional Group Management Case Study Help) opened his very first restaurant chain in the Japan. It was named so when a little sized flower red in color grew near the restaurant's front door. In 1959, Rocky, throughout his trip to the United States checked out more chances in the United States of America as compared to Japan. After spending a period of 3 years, he had better analysis of the dining establishment market of the United States. In 1958, he was worried about the cost increasing and increasing competitors.

In 1963, Rocky opened his first system to make an effort to use what he had found out in the West Side with his initial savings of about $10,000 obtained $20,000. This was paid back within a period of six months. In 1964, opening a simple system with 40-seat in the midtown Manhattan, Olympus Optical Co Ltd B Functional Group Management Case Study Solution grew to fifteen units chain through the nation and a net worth of about $12 Million.

By 1972, it was actually a steakhouse with variation through the way food was cooked in front of clients especially by the Japnense chefs and the decoration of the unit was reasonably detailed like the Japanese country. Among fifteen units of Olympus Optical Co Ltd B Functional Group Management Case Study Help, 9 of them were at company-owned places and five were franchised.

Problem Statement:

Olympus Optical Co Ltd B Functional Group Management Case Study Solution had been rather various and is hard to intimate, but the thing it lacked included the high expense of the products which was due to the use of products from the House of Japan and the participation of complete staff of native Japanese in the store. Likewise, the service were time-consuming therefore do not have fast service responses with a long period of time of queuing.

Operations in the organizational success:

Dining space:

Generally, the regular restaurant needs 30 percent of the total space of the restaurant as your house back. While, Olympus Optical Co Ltd B Functional Group Management Case Study Analysis consisted of just 22 percent of the overall unit area as your home back that includes office space, dressing spaces of workers, dry and cooled storage and locations of preparation. This was a significant increase in the floor area proportion committed to dining area to be efficient.

Hibachi table arrangement:

The elimination of traditional cooking area requirement with the arrangement of hibachi design provided Olympus Optical Co Ltd B Functional Group Management Case Study Help an uncommon attentive service amount and kept the expense of labor at the gross sales of about 10 to 12 percent. This was dependent if the unit was at complete volume.

Reduction in menu:

Through decrease in the menu to just 3 simple entrées of Middle America which included Shrimp, Chicken and Steak. There had been considerable storage of food and essentially no food waste. This had cut the costs of food by 30 to 35 percent of the sales of food depending upon the meat cost.

Historical Authenticity:

The ornamental lights, artifacts, beams, ceilings and walls of Olympus Optical Co Ltd B Functional Group Management Case Study Analysis were all from Japan. The material of structure was collected from old houses which were disassembled in a mindful manner and shipped in pieces to the U.S. where reassembling was done by one of his daddy's two teams of carpenters of Japan.

Site Selection:

Due to the lunch break service importance, one basic principle of Olympus Optical Co Ltd B Functional Group Management Case Study Solution was its choice of website i.e. high traffic. Rent was usually at 5 to 7 percent of sales for the area of about 5000-- 6000 square foot for the area of flooring. Many of the systems of Olympus Optical Co Ltd B Functional Group Management Case Study Help were found in the business districts with an easy access to the locations of residency.

Advertising Policy:

One of the important element in the success of Olympus Optical Co Ltd B Functional Group Management Case Study Solution was its considerable investment in public relations and creative marketing. The investment of organization of about 8 to 10 percent of its gross sales in order to be approachable to public. Olympus Optical Co Ltd B Functional Group Management Case Study Solution used entirely different approach for advertisement.

Training:

The chefs of Olympus Optical Co Ltd B Functional Group Management Case Study Help were a terrific essential to its success as all the chefs were extremely trained. All the chefs were licensed, native Japanese speakers, single and young significance that they had completed their official apprenticeship of three-years. They were then supplied with a course of three to six months in period in the English language about the manners of American design and the Olympus Optical Co Ltd B Functional Group Management Case Study Help cooking design which was primarily showmanship in Japan.

Training chefs was an ongoing procedure in the United States. The chefs were not generally concerned with resignation of their task due to the factor which included the possibility to rise in the Olympus Optical Co Ltd B Functional Group Management Case Study Solution operation of America in comparison to the stiff hierarchy on the basis of education, age and class they may experience in Japan.Similarly, other aspect consisted of the Olympus Optical Co Ltd B Functional Group Management Case Study Analysis's paternal attitude which took forward all the employees.

As a result, personnel turnover in the United States was quite low, however, lots of eventually returned to Japan. For full appreciation of success of Olympus Optical Co Ltd B Functional Group Management Case Study Help, the uncommon combination of paternalism of Japan in the setting of America had valued.

Imitation:

The restaurants of Olympus Optical Co Ltd B Functional Group Management Case Study Solution embraced precise and distinct techniques during the selection of websites and chefs training which assisted the company in decreasing the average time of dinner turnover and the unique mix of paternalism of Japan in the setting of United States of America that made it tough for other organizations to intimate.

Winning Strategy:

Effective Training:

Olympus Optical Co Ltd B Functional Group Management Case Study Solution invested greatly on the programs of training for the chefs:

• Training of official apprenticeship for a duration of 3 years with certification in the cooking design of Olympus Optical Co Ltd B Functional Group Management Case Study Analysis.
• 3 to six months course when it comes to the American good manners mentor and training in English language.
• Use of training program as a continuous process to be followed.

Employee Satisfaction:

Satisfaction of workers as the environment for support offered for every employee:
• Satisfaction of workers increases development opportunities of efficiencies of both workers and company.
• Paternal mindset-- worked as the secret to the bonding on basis of culture with effective management.
• Supplying staff members with handsome earnings and rewards such as plans of bonus offer.
• Offering staff members with intangible advantages like security of task and workers' wellness.
• Pride of staff members acts as the essential consider the motivation of workers.

Effective and Aggressive Marketing:

Investment of Olympus Optical Co Ltd B Functional Group Management Case Study Analysis at significant level in the maintenance of public relations and development of ad:

• Financial investment of about 8 to 10 percent in marketing from the gross sales.
• Company lead in terms of its uncommon strategy of advertising.
• Advertisement was extraordinary, contemporary, off the wall visuals in the ad.
• Olympus Optical Co Ltd B Functional Group Management Case Study Analysis considerably maintained its policy word of mouth in a consistent manner.

Customer Satisfaction:

Research study of market to examine the prospective consumers and their expectancy:

• Quality of food drive the consumers' fulfillment the most i.e. use of food of prime grade.
• The key chauffeurs functioned as the factors of clients' complete satisfaction was mainly environment and service.

Problem Analysis:

Franchise

• Financiers of business were not experienced in regard to grow the restaurant organisation.
• Lack of awareness about the culture of Japan and cooking design of Olympus Optical Co Ltd B Functional Group Management Case Study Analysis.
Financiers lack control in terms of management of operations.

Expansion

• Funds-- aversion to receive loans from organizations of finance such as banks.
• Company faced inadequacy in the extra experienced personnel.
Productivity is thought about great but is restricted with availability of only two carpenters.

Operation

• Solutions of the company were lengthy as there were no options of quick service.
• The cost of ad was quite high and specific focus of company towards food.
• The services variation was restricted to the primary United States food market.
• The menu of the organization lacks variety of food as the menu was limited.

Improvements:

Expansion

• For the expansion of organisation, there is a requirement to check out potential regions such as suburb areas.
• Joint endeavors are considered more accountable in comparison to franchise such as with the chain of global hotel.
• Olympus Optical Co Ltd B Functional Group Management Case Study Solution can substantially take funds from the institutions of finance as capital was not a matter of issue.
• Expansion of company in the international market like market of South East Asia with anattention of middle to upper class division.

Development of brands with differing value proposition like Olympus Optical Co Ltd B Functional Group Management Case Study Solution signature, Olympus Optical Co Ltd B Functional Group Management Case Study Solution and Olympus Optical Co Ltd B Functional Group Management Case Study Solution Oriental Express.

Cost

• Through the growth of company in the suburb areas, there will be decrease in the site expense.
• Cutting down of extra cost of advertisement.
• Use of local material in the development of developing to offer it a shape of architecture of Japan.
• Use of locally available workforce for the work of woodworking.
• Purchase of decor material wholesale total up to get more reduced rates of the products.
Structure of workshops in developing nation such as Indonesia or Thailand for production of decoration craft of Japan as brand-new organisation line.

Operation

• Present operations with fast services in order to cater the division of young people.
• Olympus Optical Co Ltd B Functional Group Management Case Study Help can take up add-on organisation in order to offer standard stuff of Japan in a devoted dining establishment locations.
• Bring variation in the menu such as addition of sushi-on-the-go, udon, robatayaki.
• Intro of appealing plans for old individuals and women.
• Introduction of complimentary card of membership to provide plan of special offer to its devoted customers.
Structure of regional center for training especially to train regional personnel.

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