Wednesday 5 October 2011

Diner-City

The Diner-City provides us a chance to think about how to succeed in business. Considering the proper allocation of limited resource such as budget and time and making right decision on where and when the limited asset shall be used, the business must find and develop the product and set the price based on the demand on that product. Most successful companies such as Microsoft and Apples found out what consumers need and come up with it; attracting new customers and maintaining the customers satisfied are the key for the business to be successful. Another key for success is building up reserves from capitals accumulated from a healthy stream of profit because the reserves or accumulated assets shall be used for the further improvement of the business such as upgrade of new equipment or purchasing a new building. Improvement should be the topmost priority even when the business is doing well. In addition, reducing the cost creates higher revenues.

In this game, Upgrading is important because it increases the revenue per customer. Another strategy to achieve high revenues will provide fast customer service; faster service is more beneficial than simply adding seats. Security system and cleaning are also crucial factors to save unnecessary expense or lost. Purchasing a new building is a priority. In addition, it is beneficial to invest in delivery vehicles which will raise the revenues with no maintenance.

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