Need your assistance in answering the following questions. My favorite restauran

Question

Need your assistance in answering the following questions. My favorite restaurant is Olive Garden. 1) What are at least five new product ideas that could really increase new revenue for Olive Garden? 2) Out of the ideas you list which one do you think would really have the best chance of succeeding in generating additional revenue and not just cannibalizing the existing products sales? 3) Explain why your best choice seems stronger than the others? 4) Regarding new product development in general, list at least three major factors that you feel might contribute most to launching successful new products for any type of product or service being introduced?

Explanation / Answer

For restaurant businesses there are few product ideas which should kept in mind

1) Always use a good press-This will help to attract local media to attract your business

2) Build your website-This is a very important plan to start your company website so that your business gets lotsof customers and potential attraction to get more revenue

3) Try to promote through email---This is a best medium to genrate revenues and are very important methods of promotion

4) Host social functions

5)Try to redesign the menu-In order to avoid the normal boring menu which will help the restaurant to stand out of the crowd

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