1. Define your product/service that you will need to analyze forfurther development.
2. Use SWOT analysis.
3. Define the TWOS analysis, and select the most convenientstrategy (ies) that could be implementing.
Expert Answer
- The service that I have selected is a restaurant. It can bedeveloped in the following manner:
- Choosing a theme: choosing a restaurant theme can influence thebusiness plan & these decisions are based on various facts liketargeted customers, style of cuisine, locations etc. it is alsoessential to develop a clear philosophy & unique personalityfor the restaurant. Research the style of cuisine & industrypredictions before choosing a theme.
- Research the market: successful concepts would
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