Business Plan for Opentable - an Online Restaurant Reservation System
7014 words
29 pages
BUSINESS PLAN FOR OPENTABLEAN ONLINE RESTAURANT RESERVATION SYSTEM
PRESENTED TO: MICHAEL LANE
PREPARED BY: MUHAMMAD BILAL
STUDENT ID: 10268/0050092717
EMAIL: mbillall@yahoo.com
Date: 05th June 2010
Word count: 5009 excluding Executive Summary, References & Annotated Bibliography.
EXECUTIVE SUMMARY
Since 1999 OpenTable has been transforming the way restaurants manage their operations and diners make restaurant reservations, before OpenTable started all the restaurants were managing their operations and reservations via pen and paper book. This was not only cumbersome and inefficient, but it also prevented restaurants from making their table and inventory available online, the only way for diners to make a …show more content…
BUSINESS PLAN 16
3.1 OPPORTUNITIES AND OBJECTIVES 16
3.2 CRITICAL SUCCESS FACTOR 16
3.2.1 SPEED 16
3.2.2 Integrating the web into the core of what the company does 16
3.2.3 Making user friendly interfaces for ease of customers and consumers 17
3.2.4 Focusing on how to add value for its customers 17
3.2.5 Improving customers experience each time they use the service 17
3.3 Costs and Benefits (ROI) 18
3.4 Risks 20
4. IMPLEMENTAION PLAN 21
4.1 Project Planning and Change Management 21
4.2 Resource Allocation 22
5. ASSESSING THE E-COMMERCE INITIATIVE 23
5.1 Balanced Scorecard 23
5.2 Web Analytics 24
6. RECOMMENDATIONS 25
6.1 OPENTABLE WEB SITE REDEVELOPMENT 25
6.2 OUTSOURCING OF ICT INFRASTRUCTURE 26
6.3 IT STAFFING REQUIREMENTS 26
6.4 HARDWARE, SOFTWARE, SECURITY, ADVERTISING REQUIREMENTS 26
6.5 SUPPORT SERVICES FOR OPENTABLE RESERVATION 26
6.6 INTERNATIONAL LEGAL AND ETHICAL 27
7. REFERENCES 28
9. ANNOTATED BIBLOGRAPHY 29
INTRODUCTION
It is OpenTable believe that eventually every restaurant taking reservation will migrate from pen and paper book to an ERB host stand; much likely they are all migrated from a cash register to EFTPOS (Electronic fund transfer point of sale system) and OpenTable believe they are uniquely positioned to capture this migration due to their powerful network of restaurants and diners.
For restaurants OpenTable provide hardware, software and support that allows them to