Operation management Essay Example | Topics and Well Written Essays - 2500 words - 4

Operation management - Essay Example Developing a competitive edge within the competing colleagues thereby requires detailed analyses of demographics of the surrounding environment, and most essentially, the nature of the existing competitors. Moreover, even if one is successful in from the onset, new competitors could intrude into the market and snatch away the existing/regular clients. Therefore, existing restaurants never hesitate adopting successful and unique competitive strategies from their competitors (Mack, 2013, p. 13). This research thereby examines and analyzes the diverse forms of competitive strategies employed by restaurants within Cardiff in order to maintain their market share within the competitive restaurant industry. In close relations, the paper drills deep into the performances or operations of the already established restaurants in Cardiff, through dependability, flexibility, speed, cost, and quality analysis. In its methodology of data collection and data analysis procedures, the paper explores s everal research journal databases available within the university’s system. It follows the screening for certified scholarly research articles, after which, the content analysis and taxonomy is employed in order to identify the prevailing trends within the restaurant industry. The Cardiff’s rising need for ready food for consumption by travelers, visitors, college students, and traders who move along with goods has simultaneously upraised an equal need for restaurant establishments within strategic social areas in order to meet the growing demand for food. Consequently, the establishment and/or increasing number of restaurants and/or food stores also creates a stiff competition within the restaurant industry. Therefore, every restaurant has the obligation of attaining competitive advantage in order to cope with challenges resulting from fellow competitors within the competitive market. In order to compete positively within the highly competitive market, Cardiff restaurants form