Benchmarking Firm Capabilities to Turn Undesirable Financial Performance Around in the U.S. Restaurant Industry
Keywords
financial performance, benchmarking, restaurants, turning around
Abstract
This study is designed to address the issue of benchmarking firm capabilities to turn undesirable financial performance around in the U.S. restaurant industry. Following the three-stage learning process of benchmarking, this study finds that if a restaurant firm experiences value loss for the first year after a reasonable stable or well-performing time period, its strategic foci should be placed upon sales and liquidity boosting firm capabilities while holding back cautiously capital expenditure projects and the desire to raise leverage.
Publication Date
11-17-2014
Original Citation
Hua, N. (2014). “Benchmarking Firm Capabilities to Turn Undesirable Financial Performance around in the U.S. Restaurant Industry.” Journal of Foodservice Business Research. 17(5), 390-409.
Number of Pages
390-409
Document Type
Paper
Language
English
Source Title
Journal of Foodservice Business Research
Volume
17
Issue
5
Copyright Status
Unknown
Copyright Date
2014
College
Rosen College of Hospitality Management
Location
Rosen College of Hospitality Management
STARS Citation
Hua, Nan, "Benchmarking Firm Capabilities to Turn Undesirable Financial Performance Around in the U.S. Restaurant Industry" (2014). Faculty Scholarship and Creative Works. 193.
https://stars.library.ucf.edu/ucfscholar/193