Financial Accounting Project

Financial Accounting Project

Financial Accounting Project

Financial Accounting Project is a group of restaurants that are located Financial Accounting Project in the United States, France, Germany and United Kingdom. The company operates through its fast chains and offers dining and fast foods. It is famous for its use of organic ingredients in the preparation of its foods. The restaurants offer complete Mexican foods as well as other types of cuisines. Panda Inn, Inc is the main competitor of this company. Chipolata Mexican Grill has more than 1700 restaurants with a net income of 327.4 million as of the end of 2014 financial year.  The company has employed 45, 000 employees. The company’s international expansion efforts have helped to promote its growth over the years. Chipolata is one of the best companies to invest in based on the sustainable growth of the company over the years.

    Despite its great success within the food industry, Chipolata has not neglected its ethics, as well as, proper financial report corporate social responsibility (CSR) as most of the successful firms are fond of doing.  Chipolata has made notable impact on the environment, as well as, the healthiness of its customers by focusing on organic crops. In spite of the fact that organically grown food comes at considerably low quantities when compared to the non-organic ones thus less farmers are involved in growing organic crops, Chipolata  still insists sourcing its ingredients from organic farms (Jones, Comfort & Hillier, 2008).  Besides, it constantly monitors its suppliers to make certain that the supplying farms observe the ethical organic farming practices.  Moreover, the company has gone green by creating the United States’ premier Platinum LEED Certified outlets with the objective of minimising the firm’s overall energy consumption and carbon footprint (Hu, Paras & Self, 2010).

In addition, Chipotle has designed policies which ensure that the type of products utilized within the firm are grown and sourced without any exploitation of people.  In addition, accountingFinancial Accounting theory it has partnered with International Rescue committee (IRC) in offering vacancies to immigrants getting into the U.S.  Above all, Chipotle has a team which not only educate and trains but also empowers it employees by increasing internal promotions, communication skills, as well as, cultural sensitivity (Jones, Comfort & Hillier, 2008).

In order to be in the position of gaining competitive edge over its competitors, the Chipotle’s executives have identified strategies of making the firm remain strong within the food industry. Besides, the formulated strategies have enabled the firm to remain profitable since its inception.  One of its best strategies is investing in new innovations. The firm recruits highly experienced chefs who are in the position of coming up with novel menus, which are initially tested within selected outlets prior to been adapted by all the Chipotle’s restaurants (Hitt, Ireland & Hoskisson, 2012).  Besides, the firm has been trying out children’s menu which is set to be introduced within each of its outlets with the objective of giving children an attractive menu full of their most preferable delicacies thereby expanding its customer base due to the increased number of families visiting their restaurants. In addition, the firm has expanded spontaneously by opening up new branches in every year thereby greatly increasing its customer base.

Financial Accounting Project

Chipotle Mexican Grill is a group of restaurants that are located in the United States, France, Germany and United Kingdom. The company operates through its fast chains and offers dining and fast foods. It is famous for its use of organic ingredients in the preparation of its foods. The restaurants offer complete Mexican foods as well as other types of cuisines. Panda Inn, Inc is the main competitor of this company. Chipotle Mexican Grill has more than 1700 restaurants with a net income of 327.4 million as of the end of 2014 financial year.  The company has employed 45, 000 employees. The company’s international expansion efforts have helped to promote its growth over the years. Chipotle is one of the best companies to invest in based on the sustainable growth of the company over the years.

    Despite its great success within the food industry, Chipolata has not neglected its ethics, as well as, corporate social responsibility (CSR) as most of the successful firms are fond of doing.  Chipotle has made notable impact on the environment, corporate accounting  as well as, the healthiness of its customers by focusing on organic crops. In spite of the fact that organically grown food comes at considerably low quantities when compared to the non-organic ones thus less farmers are involved in growing organic crops, Chipotle  still insists sourcing its ingredients from organic farms (Jones, Comfort & Hillier, 2008).  Besides, it constantly monitors its suppliers to make certain that the supplying farms observe the ethical organic farming practices.  Moreover, the company has gone green by creating the United States’ premier Platinum LEED Certified outlets with the objective of minimizing the firm’s overall energy consumption and carbon footprint (Hu, Parsa & Self, 2010).

In addition, Chipotle has designed policies which ensure that the type of products utilized within the firm are grown and sourced without any exploitation of people.  In addition, it has partnered with International Rescue committee (IRC) in offering vacancies to immigrants getting into the U.S.  Above all, Chipotle has a team which not only educate and trains but also empowers it employees by increasing internal promotions, communication skills, as well as, cultural sensitivity (Jones, Comfort & Hillier, 2008).

In order to be in the position of gaining competitive edge over its competitors, the Chipotle’s executives have identified strategies of making the firm remain strong within the food industry. Besides, the formulated strategies have enabled the firm to remain profitable since its inception.  One of its best strategies is investing in new innovations. The firm recruits highly experienced chefs who are in the position of coming up with novel menus, which are initially tested within selected outlets prior to been adapted by all the Chipotle’s restaurants (Hitt, Ireland & Hoskisson, 2012).  Besides, the firm has been trying out children’s menu which is set to be introduced within each of its outlets with the objective of giving children an attractive menu full of their most preferable delicacies thereby expanding its customer base due to the increased number of families visiting their restaurants. In addition, the firm has expanded spontaneously by opening up new branches in every year thereby greatly increasing its customer base.

Financial Accounting Project

Chipolata Mexican Grill is a group of restaurants that are located in thrporatee United States, France, Germany and United Kingdom. The company operates through its fast chains and offers dining and fast foods. It is famous for its use of organic ingredients in the preparation of its foods. The restaurants offer complete Mexican foods as well as other types of cuisines. Panda Inn, Inc is the main competitor of this company. Chipotle Mexican Grill has more than 1700 restaurants with a net income of 327.4 million as of the end of 2014 financial year.  The company has employed 45, 000 employees. The company’s international expansion efforts have helped to promote its growth over the years. Chipotle is one of the best companies to invest in based on the sustainable growth of the company over the years.

    Despite its great success within the food industry, Chipotle has not neglected its ethics, as well as, corporate social responsibility (CSR) as most of the successful firms are fond of doing.  Chipotle has made notable impact on the environment, as well as, the healthiness of its customers by focusing on organic crops. In spite of the fact that organically grown food comes at considerably low quantities when compared to the non-organic ones thus less farmers are involved in growing organic crops, Chipotle  still insists sourcing its ingredients from organic farms (Jones, Comfort & Hillier, 2008).  Besides, it constantly monitors its suppliers to make certain that the supplying farms observe the ethical organic farming practices.  Moreover, the company has gone green by creating the United States’ premier Platinum LEED Certified outlets with the objective of minimizing the firm’s overall energy consumption and carbon footprint (Hu, Parsa & Self, 2010).

In addition, Chipotle has designed policies which ensure that the type of products utilized within the firm are grown and sourced without any exploitation of people.  In addition, it has partnered with International Rescue committee (IRC) in offering vacancies to immigrants getting into the U.S.  Above all, Chipotle has a team which not only educate and trains but also empowers it employees by increasing internal promotions, communication skills, as well as, cultural sensitivity (Jones, Comfort & Hillier, 2008).

In order to be in the position of gaining competitive edge over its competitors, the Chipotle’s executives have identified strategies of making the firm remain strong within the food industry. Besides, the formulated strategies have enabled the firm to remain profitable since its inception.  One of its best strategies is investing in new innovations. The firm recruits highly experienced chefs who are in the position of coming up with novel menus, which are initially tested within selected outlets prior to been adapted by all the Chipotle’s restaurants (Hitt, Ireland & Hoskisson, 2012).  Besides, the firm has been trying out children’s menu which is set to be introduced within each of its outlets with the objective of giving children an attractive menu full of their most preferable delicacies thereby expanding its customer base due to the increased number of families visiting their restaurants. In addition, the firm has expanded spontaneously by opening up new branches in every year thereby greatly increasing its customer base.

Moreover, the Chipotle restaurants management has successfully implemented vibrant, as well as, strict financial along with budgetary controls. As a result, they have managed to run the expansive business smoothly without facing any proper financial report . The funds which were pumped into the firm by MacDonald’s in the year of 1998, was utilized well  funding the premier expansion in addition to opening up of new outlets which made the firm’s restaurants to increase to 500 as at 2005 from the initial 18 as at 1998.  This makes the implication that the Chipotle management focused on the company interests rather than their personal interests such as awarding themselves huge salaries, together with bonuses. Most of all, its operational controls are implemented within all the management levels of the firm (Adamy, 2007).

The other strategy applied by Chipotle, is the fast order serving technique. The customer service lines have been designed in such a manner that customers are served within the shortest time possible. Chipotle has actually realized throughputs of around 300 clients per hour. According to Hitt, Ireland and Hoskisson, 2012), Chipotle’s management are still inventing ways of enabling the customers move through the service line more faster by developing the iPhone ordering app. Furthermore, it is in the process of introducing the “Drive Thru” outlet models.

Chipotle has been attempting to win customer integrity by offering foods prepared with ingredients of high-quality such as organic dairy products together with organic beans. Nevertheless, in certain times, such organic products become not only unavailable but also highly expensive due to their expanding market demand. Consequently, the Chipotle’s operating costs have been constantly increasing year in, year out (Hitt, Ireland & Hoskisson, 2012). Even though more farmers, as well as, larger agricultural enterprises are set to venture the market thereby boosting the ingredients, it would be more cost effective for Chipotle to take the long term initiative of running their own farm such that they can be in the position of producing the ingredients.  It is outright that self-produce ability is set to make Chipotle to gain competitive edge over its competitors. Most of all, such an initiative will enable the firm to retain its low priced, high quality strategy while realizing great profit margins (Adamy, 2007).

Even Chipotle has already managed to serve its customers at a desirable speed, given that it has realized throughputs of 300 customers within an hour within its best outlets, this can be made even better by introducing the ‘Drive Thru’ window. Most loyal customers will be more comfortable going to the ‘Drive Thru’ window rather than spending much of their valuable time queuing within the restaurants.  Research indicates that 24% of fast-food sales within the U.S are made within the Drive Thru lanes thus it will be of great essence for Chipotle to exploit that opportunity. Besides, a significant percentage of customers detest having to wait inside a restaurant so that they can be served. However, Chipotle has to make certain that the food offered within the ‘Drive Thru’ window is very similar to that offered within its regular outlets.

Chipotle has to direct much focus on product diversification in the course of the coming years.  Offering breakfast menu seems to be an easily enforceable change. For instance, the food chain should consider introducing breakfast menu within its outlets that are located within the airport as such outlets are usually opened within the early morning hours.  In that regard, Chipotle should start offering small-sized burrito for breakfast, as well as, breakfast taco at relatively cheaper prices (Aaker, Kumar & Day, 2008). Moreover, the small-sized burrito can also be offered in the course of the regular operating hours. Besides, offering the burrito in different sizes is set to offer the customers a wide range of choices to choose from n respect to their preferences.  Therefore, such an initiative will aid the firm to attract more customers thereby increasing its revenue without having to allocate addition funds to its operational costs budgets (Aaker, Kumar & Day, 2008).

Moreover, the Chipotle restaurants management has successfully implemented vibrant, as well as, strict financial along with budgetary controls. As a result, they have managed to run the expansive business smoothly without facing any financial problems. The funds which were pumped into the firm by MacDonald’s in the year of 1998, was utilized well  funding the premier expansion in addition to opening up of new outlets which made the firm’s restaurants to increase to 500 as at 2005 from the initial 18 as at 1998.  This makes the implication that the Chipotle management focused on the company interests rather than their personal interests such as awarding themselves huge salaries, together with bonuses. Most of all, its operational controls are implemented within all the management levels of the firm (Adamy, 2007).

The other strategy applied by Chipotle, is the fast order serving technique. The customer service lines have been designed in such a manner that customers are served within the shortest time possible. Chipotle has actually realized throughputs of around 300 clients per hour. According to Hitt, Ireland and Hoskisson, 2012), Chipotle’s management are still inventing ways of enabling the customers move through the service line more faster by developing the iPhone ordering app. Furthermore, it is in the process of introducing the “Drive Thru” outlet models.

Chipotle has been attempting to win customer integrity by offering foods prepared with ingredients of high-quality such as organic dairy products together with organic beans. Nevertheless, in certain times, such organic products become not only unavailable but also highly expensive due to their expanding market demand. Consequently, the Chipotle’s operating costs have been constantly increasing year in, year out (Hitt, Ireland & Hoskisson, 2012). Even though more farmers, as well as, larger agricultural enterprises are set to venture the market thereby boosting the ingredients, it would be more cost effective for Chipotle to take the long term initiative of running their own farm such that they can be in the position of producing the ingredients.  It is outright that self-produce ability is set to make Chipotle to gain competitive edge over its competitors. Most of all, such an initiative will enable the firm to retain its low priced, high quality strategy while realizing great profit margins (Adamy, 2007).

Even Chipotle has already managed to serve its customers at a desirable speed, given that it has realized throughputs of 300 customers within an hour within its best outlets, this can be made even better by introducing the ‘Drive Thru’ window. Most loyal customers will be more comfortable going to the ‘Drive Thru’ window rather than spending much of their valuable time queuing within the restaurants.  Research indicates that 24% of fast-food sales within the U.S are made within the Drive Thru lanes thus it will be of great essence for Chipotle to exploit that opportunity. Besides, a significant percentage of customers detest having to wait inside a restaurant so that they can be served. However, Chipotle has to make certain that the food offered within the ‘Drive Thru’ window is very similar to that offered within its regular outlets.

Chipotle has to direct much focus on product diversification in the course of the coming years.  Offering breakfast menu seems to be an easily enforceable change. For instance, the food chain should consider introducing breakfast menu within its outlets that are located within the airport as such outlets are usually opened within the early morning hours.  In that regard, Chipotle should start offering small-sized burrito for breakfast, as well as, breakfast taco at relatively cheaper prices (Aaker, Kumar & Day, 2008). Moreover, the small-sized burrito can also be offered in the course of the regular operating hours. Besides, offering the burrito in different sizes is set to offer the customers a wide range of choices to choose from n respect to their preferences.  Therefore, such an initiative will aid the firm to attract more customers thereby increasing its revenue without having to allocate addition funds to its operational costs budgets (Aaker, Kumar & Day, 2008).

Moreover, the Chipolata restaurants management has successfully implemented vibrant, as well as, strict financial along with budgetary controls. As a result, they have managed to run the expansive business smoothly without facing any financial problems. The funds which were pumped into the firm by MacDonald’s in the year of 1998, was utilised well  funding the premier expansion in addition to opening up of new outlets which made the firm’s restaurants to increase to 500 as at 2005 from the initial 18 as at 1998.  This makes the implication that the Chipolata management focused on the company interests rather than their personal interests such as awarding themselves huge salaries, together with bonuses. Most of all, its operational controls are implemented within all the management levels of the firm (Ada my, 2007).

Financial Accounting Project

The other strategy applied by Chipotle, is the fast order serving technique. The customer service lines have been designed in such a manner that customers are served within the shortest time possible. Chipotle has actually realized throughputs of around 300 clients per hour. According to Hitt, Ireland and Hoskisson, 2012), Chipotle’s management are still inventing ways of enabling the customers move through the service line more faster by developing the iPhone ordering app. Furthermore, it is in the process of introducing the “Drive Thru” outlet models.

Chipotle has been attempting to win customer integrity by offering foods prepared with ingredients of high-quality such as organic dairy products together with organic beans. Nevertheless, in certain times, such organic products become not only unavailable but also highly expensive due to their expanding market demand. Consequently, the Chipotle’s operating costs have been constantly increasing year in, year out (Hitt, Ireland & Hoskisson, 2012). Even though more farmers, as well as, larger agricultural enterprises are set to venture the market thereby boosting the ingredients, it would be more cost effective for Chipotle to take the long term initiative of running their own farm such that they can be in the position of producing the ingredients.  It is outright that self-produce ability is set to make Chipotle to gain competitive edge over its competitors. Most of all, such an initiative will enable the firm to retain its low priced, high quality strategy while realizing great profit margins (Adamy, 2007).

Even Chipotle has already managed to serve its customers at a desirable speed, given that it has realized throughputs of 300 customers within an hour within its best outlets, this can be made even better by introducing the ‘Drive Thru’ window. Most loyal customers will be more comfortable going to the ‘Drive Thru’ window rather than spending much of their valuable time queuing within the restaurants.  Research indicates that 24% of fast-food sales within the U.S are made within the Drive Thru lanes thus it will be of great essence for Chipotle to exploit that opportunity. Besides, a significant percentage of customers detest having to wait inside a restaurant so that they can be served. However, Chipotle has to make certain that the food offered within the ‘Drive Thru’ window is very similar to that offered within its regular outlets.

Chipolata has to direct much focus on product diversification in the course of the coming years.  Offering breakfast menu seems to be an easily enforceable change. For instance, the food chain should consider introducing breakfast menu within its outlets that are located within the airport as such outlets are usually opened within the early morning hours.  In that regard, Chipolata should start offering small-sized burrito for breakfast, as well as, breakfast taco at relatively cheaper prices (Taker, Markup & Day, 2008). Moreover, the small-sized burrito can also be offered in the course of the regular operating hours. Besides, offering the burrito in different sizes is set to offer the customers a wide range of choices to choose from n respect to their preferences.  Therefore, such an initiative will aid the firm to attract more customers thereby increasing its revenue without having to allocate addition funds to its operational costs budgets (Taker, Markup & Day, 2008).

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