Industry Analysis Paper (on Resturant business) Essay - 1

Industry Analysis Paper (on Resturant business) - Essay Exampleides employments and career opportunities for thousands of commonwealth (urban Justice Center, Behind the Kitchen Door Pervasive diversity in in the altogether York Citys thriving Restaurant Industry).New York is regarded as the restaurant capital of the world. Restaurants are located in almost everywhere in the New York City. There were almost 15,000 food service places as of the class 2002 and the number is growing extensively. fit in to industry report, in 2002, among top 100 highest revenue earning restaurants in the linked States, 24 were situated in New York City (Urban Justice Center, Behind the Kitchen Door Pervasive Inequality in New York Citys Thriving Restaurant Industry).In the year 2008, New York had almost 13,249 restaurants which signify 25% increase compared to the year 2000, in which there were only 10,363 restaurants. The significant harvest-festival of restaurants in New York was characterized b y Manhattan City. The majority of restaurants in New York are based on Manhattan City. Yet, queen and Brooklyn had also experienced tremendous growths in restaurant business since 2000. The percentage of increases in restaurants in queen and Brooklyn were 34 and 37 respectively from 20002008. The following table describes the concentration of restaurants throughout New York City from 20002008In addition to food services, the restaurants also provide alcoholic drinks, nontheatrical entertainments, fast food services, snack bars, nonalcoholic brews, canteens and buffets (Center for Urban Research, Employment in New York City Restaurants).The economic structure of any industry determines the success or failure of any business. The Porters Five Forces model is a basis for examining industry and exploitation business strategy accordingly. Porters model is based on the forces of micro-environment which impact on organizations businesses. According to Michael Porter, there are five micro- environmental forces which are extensively used