Assignment 1 Final Project Coffee Shoppe Analysis

Tim’s Coffee Shoppe AnalysisName:Institutional affiliationTim’s Coffee Shoppe AnalysisExecutive summaryTim’s Coffee Shop is currently doing good enough to remain in the coffee business. The coffee shop, according to customer reviews, is doing favorably well compared to other coffee shops in the state of Illinois. However, a few upgraded must be done in the management, human resource, marketing and accounting to make the company more efficient and profitable. Regulations and ManagementSummary:-Tim’s is a small coffee shop managed by Tim who is also the owner. This has enabled the business to cut its costs considerably. However, there is a need to hire people with great experience to manage crucial tasks in the business, if the company wants to compete with the other big names. The company also has a problem with managing its sales and inventories. This problem causes frequent shortage of inventories and occasional over supply. The company also lacks a well defined CSR plan. Action Items:-The position of the manager should be filled with a person who has a wide understanding of the restaurant industry as well as business management. The manager should