We often come across these words like competition.In today world to be successful we have to have tough competition in every field and those who struggle for it they are definitely get through it. Competition is basically cooperative competition. It occurs when companies work together for the overall improvement of their business, where they don’t think that they have competitive advantage by doing so and where they believe that they can share a common cost.
For instance, the cooperation between Peugeot and Toyota on shared components for anew city car for Europe in 2005. In this case, companies will save money on shared costs, while remaining fiercely competitive in other areas. But for that to happen companies need to be very clear on the fact that where they have to co-operative and where they have to be in competition.
As our long term success does not come with you just by competing with other restaurants,but work with them for our advantage is the ultimate motive of us. It has been found that when restaurants work together they can create much competitive market than if they work individually. Their competition lies in the fact that who will gain more potential customers when they are in competition.Philadelphia restaurant consulting services provides you the best experience for various food recipes.
A good example of competition between restaurants is when there is section of a city or town that has several restaurants concentrated in a relatively small area.If you look at this area from a traditional business point of view, opening a food service establishment there looks like a bad idea .Why should anybody open a restaurant in an area already full of restaurants? The reality is that the abundance of places to eat attracts customers who may visit the area with out any specific restaurant in mind, and make their decision when they arrive.
This is where the competition starts.
The typical example of competition are:
Food courts:All the restaurants are placed together in places like shopping centers -sharing tables, trays, cleaning services, etc. Customers are brought to the same spot (cooperation), and then they compete for their business(competition).Best Philadelphia restaurantsare high quality food providers which don’t compromise with quality.
Advertising:sometimes restaurant may collaborate to put the same items in the menu. and for that they generally used to contribute in terms of money.
Special food events: sometimes several restaurants organize food events special food events where they organize all the food items and display them at stalls.Because of the participation of various restaurants --and good marketing -- crowds of people attend these events