Applied Marketing Research Personal Assignment 2: Case Study: Identifying and Clarifying Problems and Opportunities Mohit Saini Student ID- 117513218 Case: Muskoka Lakehouse Restaurants Inc. Prepare a table identifying management issues and opportunities in the Case—that is, issues and opportunities that the Radford brothers and other members of the management team will need to address for the survival, health, and future growth of MLR Issues Opportunities -New competitors entering the market a lot of room to grow in terms of revenue and profits. -Making the company more efficient and cost-effective -Expanding into different markets and opening up new locations -Focusing on quality and making sure you're catering to your customer needs and wants -Developing new ways of promoting their menu - The war on terror has led to higher demand for security systems that MLR provides to military and civilian customers Maintaining the family dynamic, and establishing a succession plan will be key for the Radford brothers to maintain ownership of MLR. -conflict between old and new generation The primary opportunity for Muskoka Lakehouse Restaurants Inc is to increase sales by offering high-quality food and service. - MLR was founded as a family company, and the Radford brothers are the only family members left in the business The company's primary challenge is securing reliable suppliers. This study source was downloaded by 100000823796573 from CourseHero.com on 02-06-2022 18:16:04 GMT -06:00 https://www.coursehero.com/file/111947586/Applied-Marketing-Research-assignment-newdocx/ Indicate whether the issues and opportunities are marketing related and whether management is aware of them or not. 1. Yes, the issues and opportunities are marketing related. 2. No, the management wasn’t aware of the issues in marketing. This study source was downloaded by 100000823796573 from CourseHero.com on 02-06-2022 18:16:04 GMT -06:00 https://www.coursehero.com/file/111947586/Applied-Marketing-Research-assignment-newdocx/ Powered by TCPDF (www.tcpdf.org)