TapAndDine
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<strong>TapAndDine</strong><br />
ECOMMER K32<br />
Kobayashi, Manabu<br />
Lagrosa, Dee<br />
Madayag, Me-J<br />
Tung, Rachelle
About<br />
In November 2013, <strong>TapAndDine</strong> was founded and<br />
formed by four promising entrepreneurs namely,<br />
Manabu Kobayashi, Dee Lagrosa, Me-j Madayag<br />
and Rachelle Tung who all saw the potential of a<br />
mobile application and website for reserving tables<br />
and browsing restaurants, cafés, hotels and bars in<br />
the Philippines.<br />
E-commerce has undeniably shaped and<br />
impacted businesses to where they are today. The<br />
E-commerce industry, which has become an<br />
avenue for garnering market sales and boosting<br />
customer relationship, proves to be an ever-potent<br />
tool in the success of many businesses. It has also<br />
become the platform for company identity and<br />
branding.
<strong>TapAndDine</strong> <br />
The food industry in particular continues to grow and has been<br />
ventured by many entrepreneurs. It has become an industry<br />
where consistently building customer loyalty and bridging the<br />
gap between customers through promotions, advertisements<br />
and information dissemination among peers are the keys to<br />
success.<br />
Upon observing that there are many opportunities in the food<br />
industry, the founders decided to create an E-commerce<br />
business plan of <strong>TapAndDine</strong>, in order to address the needs and<br />
wants of the food market and to incessantly satisfy them. Not<br />
only that <strong>TapAndDine</strong> will benefit the market, but also restaurant,<br />
café, hotel and bar owners including other employees will have<br />
the advantages such as heightened sales through promos<br />
availed by customers, enticing advertisements posted online and<br />
most importantly, ease of managing restaurant reservations.
INDUSTRY<br />
<br />
BACKGROUND<br />
The Philippines has a growing<br />
food and beverage industry. In the<br />
last 5 years, restaurant growth<br />
averaged at 7.06%. In a week, 43<br />
hours is the averaged number of<br />
hours, which employees would<br />
dedicate in the Philippine food<br />
industry where 234,413 of the Filipinos<br />
are employed. 10.1% of all classified<br />
establishments or businesses in the<br />
Philippines is composed of foodrelated<br />
services and 79,403 out of<br />
98,700,000 Filipinos frequent hotel<br />
and restaurant establishments. With<br />
regards to social media, 71% of<br />
consumers would likely purchase<br />
because of social media referrals,<br />
58% of Facebook users would expect<br />
offers, events or promotions when<br />
they<br />
they become fans of the web page<br />
and 75% have used Facebook as a tool<br />
for making restaurant or retail decisions.<br />
A whopping amount of $8,220,030,000<br />
or P353,461,290,000 is directly linked with<br />
the estimated total revenue for the year<br />
2014 for the foodservice and restaurant<br />
industry alone (Jagger, 2013).<br />
Given the prosperity and<br />
development of the Philippines food<br />
restaurant sector, the founders of<br />
<strong>TapAndDine</strong> would like to delve into<br />
restaurants, bars, cafés and hotels<br />
reservation management and<br />
browsing. The founders believe that a<br />
mobile application and website would<br />
suffice the need or want of the food<br />
market for restaurant reservation<br />
accommodation
accommodation and full customer<br />
browsing experience, while tapping<br />
into customer loyalty through special<br />
discounts and promos. The direct<br />
competitor of <strong>TapAndDine</strong> would be<br />
OpenTable which is a mobile<br />
application and website for online<br />
real time restaurant reservation<br />
service. This application and website<br />
however is only applicable in the<br />
United States area and not in the<br />
Philippines. An indirect competitor of<br />
<strong>TapAndDine</strong> would be ClickTheCity<br />
which is a mobile application and<br />
website for restaurants, bars, café,<br />
entertainment such as movie<br />
schedules, upcoming films, TV shows,<br />
promos, deliveries, events and<br />
travelling browser. ClickTheCity also<br />
serves an online directory among<br />
establishments where various<br />
telephone numbers and addresses<br />
are posted. Upon<br />
observing<br />
<strong>TapAndDine</strong>’s<br />
competitors, the<br />
founders would<br />
like to combine<br />
both of its<br />
competitors’<br />
attractive features<br />
and provide users<br />
with the ultimate<br />
food restaurants,<br />
bars, hotels and<br />
cafés guide and<br />
service.
Given the prosperity and development of the Philippines food restaurant<br />
sector, the founders of <strong>TapAndDine</strong> would like to delve into restaurants,<br />
bars, cafés and hotels reservation management and browsing. The<br />
founders believe that a mobile application and website would suffice the<br />
need or want of the food market for restaurant reservation<br />
accommodation and full customer browsing experience, while tapping<br />
into customer loyalty through special discounts and promos.<br />
The direct competitors of <strong>TapAndDine</strong> would be OpenTable which is a<br />
mobile application and website for online real time restaurant reservation<br />
service. This application and website however is only applicable in the<br />
United States area and not in the Philippines.<br />
An indirect competitor of <strong>TapAndDine</strong> would be<br />
ClickTheCity which is a mobile application and<br />
website for restaurants, bars, café, entertainment<br />
such as movie schedules, upcoming films, TV<br />
shows, promos, deliveries, events and travelling<br />
browser. ClickTheCity also serves an online<br />
directory among establishments where various<br />
telephone numbers and addresses are posted.<br />
Upon observing <strong>TapAndDine</strong>’s competitors, the founders would like to<br />
combine both of its competitors’ attractive features and provide users<br />
with the ultimate food restaurants, bars, hotels and cafés guide and<br />
service.
Industry Rivalry – Very Low<br />
• There are no direct competitors of<br />
<strong>TapAndDine</strong> in the Philippines.<br />
• OpenTable and Table Manager are<br />
the well-known applications and<br />
websites for restaurant reservation<br />
management. However,<br />
both of them are only<br />
applicable in the United States.<br />
• ClickTheCity is the indirect<br />
competitor of <strong>TapAndDine</strong> here in<br />
the Philippines. ClickTheCity is an<br />
online directory and browser varying<br />
from entertainment, travelling, arts<br />
and culture, events, food and drink.<br />
• <strong>TapAndDine</strong> would be the pioneer in<br />
the Philippines as an online<br />
restaurants, bars, cafes and hotels<br />
reservation management application<br />
and website which also serves as a<br />
browser.<br />
• There is also high differentiation<br />
among the competitors by offering<br />
various kinds of features and valueadded<br />
services in the application<br />
and website. <strong>TapAndDine</strong> combines<br />
both Open Table and Click the City’s<br />
best features.<br />
Barriers to Entry – Moderately High<br />
• The cost of capital in setting up a<br />
mobile application and website is<br />
high. It also takes a lot of time and<br />
effort in order for <strong>TapAndDine</strong> to<br />
reach its full completion and<br />
potential successfully.<br />
• <strong>TapAndDine</strong> is a completely creative<br />
concept, which has not been done<br />
in the Philippine industry. Other<br />
entrepreneurs and developers<br />
cannot just simply copy<br />
<strong>TapAndDine</strong>’s full features and<br />
concept, without the consent of the<br />
founders and legal proceedings.<br />
Supplier <br />
Power <br />
(MODERATE) <br />
Barriers to <br />
Entry (MOD. <br />
HIGH) <br />
Industry <br />
Rivalry <br />
(VERY <br />
LOW) <br />
Threat of <br />
Substitute <br />
(LOW) <br />
Porter’s Five<br />
Forces Model<br />
Buyer Power <br />
(WEAK) <br />
Bargaining<br />
Power of<br />
Suppliers<br />
– Moderate<br />
• There are considerable<br />
number of software<br />
providers and<br />
developers who would<br />
provide exceptional service<br />
for the execution of <strong>TapAndDine</strong>.<br />
• Resources in developing <strong>TapAndDine</strong><br />
would also compose of software and<br />
hardware requirements where the IT<br />
industry segment has competitive suppliers.<br />
Bargaining Power of Buyers – Weak<br />
• Since the application and website of<br />
<strong>TapAndDine</strong> is totally free, buyers would not<br />
seek to lower the price of <strong>TapAndDine</strong>.<br />
• With the added-value service of<br />
<strong>TapAndDine</strong> by providing reward points,<br />
promos, discounts and great convenience<br />
through easy browsing and online<br />
reservation service, buyers would prefer<br />
<strong>TapAndDine</strong> over the substitutes.<br />
Threat of Substitutes – Low<br />
• <strong>TapAndDine</strong> can be substituted with the<br />
actual activity of manually reserving a<br />
table via telephone, email and physical<br />
store visit. However, convenience, costs<br />
associated with travelling and time are<br />
greatly sacrificed.<br />
• Switching costs for buyers to substitutes<br />
would be associated with costs and<br />
reduced opportunities for them to<br />
accumulate reward points, discounts and<br />
promos without <strong>TapAndDine</strong>.
<strong>TapAndDine</strong><br />
<br />
ee<br />
Mission:<br />
Vision:<br />
Strategies:
Our mission is to deliver quality and excellent service to our clients<br />
by taking their online reservation experience to the next level. We<br />
aim to provide high standards of service by ensuring their<br />
reservations would be unforgettable through providing a safe,<br />
easy, fast and reliable service to the customers.<br />
To be the leading site in this industry by making the difference<br />
through our values involving our people of dedicated professionals<br />
that delivers their respective functions well and through our high<br />
value for our customers.<br />
Product/Service<br />
Differentiation Strategy<br />
Since the company have<br />
just started its operations,<br />
<strong>TapAndDine</strong> will use a<br />
product/service<br />
differentiation strategy.<br />
Through the features of the<br />
site and application, we will<br />
be able to deliver to the<br />
customer a superior quality<br />
of service that might enable<br />
us to gain competitive<br />
advantage. Therefore, it will<br />
set us apart from our<br />
competitors and help us<br />
build brand loyalty to the<br />
consumers.<br />
Growth Strategy<br />
<strong>TapAndDine</strong> will also make<br />
use of the growth strategy<br />
as the company would<br />
certainly exert huge effort in<br />
expanding our consumer<br />
base. Through the course of<br />
the business, <strong>TapAndDine</strong><br />
seeks to develop more<br />
features and concepts that<br />
shall attract more<br />
customers. Additionally, the<br />
company will look for other<br />
new market opportunities<br />
that shall match our<br />
business operations in order<br />
to generate a higher profit.<br />
Combination Strategy<br />
As we gain more clients,<br />
<strong>TapAndDine</strong> will now make<br />
use of the combination<br />
strategy. The focus strategy<br />
is actually a combination of<br />
both the cost and<br />
differentiation strategies. For<br />
<strong>TapAndDine</strong>, we will make<br />
use of the supposed bigger<br />
consumer base and brand<br />
loyalty to be able to gain<br />
greater power when it<br />
comes to controlling prices<br />
of our product/services.
Review<br />
<br />
of Similar E-Commerce<br />
Businesses<br />
OpenTable is a direct<br />
competitor of <strong>TapAndDine</strong>.<br />
Both companies are seeking<br />
to be the number one<br />
provider for diners’ online<br />
reservations in the whole<br />
world. Currently, OpenTable<br />
is the leading provider of<br />
online restaurant<br />
reservations. <strong>TapAndDine</strong><br />
wishes to compete with<br />
OpenTable by starting their<br />
services in their own<br />
country, the Philippines,<br />
catering to their fellow<br />
countrymen before<br />
venturing out to different<br />
restaurants and customers<br />
worldwide.<br />
Company Overview<br />
(http://www.opentable.com/info/aboutus.aspx)<br />
● “OpenTable is a leading provider of free,<br />
real-time online restaurant reservations for<br />
diners and reservation and guest<br />
management solutions for restaurants.”<br />
● “The OpenTable network connects<br />
restaurants and diners, helping diners<br />
discover and book the perfect table and<br />
helping restaurants deliver personalized<br />
hospitality to keep guests coming back. The<br />
OpenTable service enables diners to see<br />
which restaurants have available tables,<br />
select a restaurant based on verified diner<br />
reviews, menus and other helpful information,<br />
and easily book a reservation.”
Although, <strong>TapAndDine</strong> currently<br />
only has one direct competitor,<br />
which is OpenTable, it has<br />
numerous indirect competitors<br />
existing. ClickTheCity.com, a<br />
locally-indirect competitor of<br />
<strong>TapAndDine</strong>, is a well-known<br />
website guide on the<br />
Philippines’ entertainment and<br />
lifestyle. <strong>TapAndDine</strong> sees<br />
ClickTheCity.com’s various<br />
features in their mobile<br />
application and website, as<br />
something very similar to<br />
<strong>TapAndDine</strong>’s own concept,<br />
strategies and elements.<br />
Company Overview<br />
(http://www.clickthecity.com/info/about.php)<br />
● “ClickTheCity.com is the Philippines'<br />
definitive online entertainment and lifestyle<br />
guide, delivering up-to-date entertainment<br />
schedules and events, serving as a<br />
clearinghouse of goings-on around town.”<br />
● “ClickTheCity has built solid ground with its<br />
strong online presence, and through the<br />
years has changed through the times,<br />
evolving its content and media to adapt to<br />
the latest technologies and innovations.”<br />
● “Today, thousands of visitors rely on<br />
ClickTheCity's online and mobile services for<br />
comprehensive entertainment and leisure<br />
information. With over ten years in<br />
operation, ClickTheCity has established<br />
itself as the leading online and mobile<br />
entertainment and lifestyle guide in the<br />
country.”
Comparative<br />
Chart of the<br />
Features of<br />
Each Site<br />
Analysis of<br />
Competitive<br />
Sites<br />
The following pages will show an<br />
analysis of the competition of<br />
<strong>TapAndDine</strong>. Analysis would be<br />
composed of the features of the mobile<br />
software applications and websites of<br />
both the direct and indirect competitors<br />
of <strong>TapAndDine</strong>.
OpenTable<br />
<br />
(Direct<br />
Competitor)<br />
The features of the website shows the website’s capability to<br />
view a restaurant, then book a reservation just like<br />
<strong>TapAndDine</strong>’s projected functions. Also, the website gives an<br />
overview of all the places and locations it already has<br />
penetrated, which is the entire USA area and some parts of the<br />
globe as well. It also features an easy access to it’s reservation<br />
functions with a good search engine filters that makes it easier<br />
to locate a restaurant. It also shows reviews and comments from<br />
different people in the web to a certain restaurant which can<br />
give more information for the website user.<br />
The images on the left show<br />
OpenTable’s mobile applications. It is<br />
available in iOS running devices,<br />
Android devices, BB Operating System<br />
devices and Palm Web OS devices. The<br />
app features a portable version of the<br />
website.
OpenTable SWOT Analysis<br />
STRENGTHS <br />
• Already established <br />
organization in the US and other <br />
parts of the world <br />
• More than 30,000 restaurants in <br />
the world recognizes OpenTable <br />
• Established customer base of <br />
12M users per month <br />
• Have many revenue model <br />
options (Advertising, Restaurant <br />
Partnerships, etc.) <br />
WEAKNESSES <br />
• Only focused on restaurants <br />
• Appearance of the website looks <br />
dull and very stagnant <br />
• Has not yet penetrated the Asian <br />
region completely (except for <br />
China and Japan) <br />
OPPORTUNITIES <br />
• Has the capacity to enter new <br />
international markets <br />
• Opportunities to open to new <br />
markets like cinemas, events, <br />
etc. <br />
THREATS <br />
• Low barriers of entry for new <br />
players
ClickThe<br />
City.com<br />
(Indirect<br />
Competitor)<br />
ClickTheCity is an indirect competitor<br />
for <strong>TapAndDine</strong> as it does not offer<br />
reservation functions for its users. Though<br />
that being the case, it still offers all<br />
information-giving functions to its users. By<br />
being able to provide all the information<br />
to its users, in restaurants, malls, cinemas,<br />
events, hotels, travels and many more, the<br />
company can take away the reservation<br />
capabilities of <strong>TapAndDine</strong>. It also lets its<br />
users give out their suggestions to other<br />
users as well. It gives maps to places<br />
around the Philippines, contact details of a<br />
certain cinema, restaurant and where<br />
reservations can be made. It also offers<br />
coupons for its users and online ordering<br />
schemes through its apps users.
ClickTheCity.com SWOT Analysis<br />
STRENGTHS <br />
• Already a known website in <br />
the country <br />
• Caters to a lot of markets <br />
• Has a high revenue creating <br />
model from advertisments <br />
• Offers online ordering <br />
schemes <br />
• Lets the users be involve in <br />
the website <br />
WEAKNESSES <br />
• Intense competition <br />
• Only established in the <br />
Philippines <br />
OPPORTUNITIES <br />
• Has options to grow to <br />
reservations <br />
• Has opportunities to <br />
penetrate other markets <br />
THREATS <br />
• Low barriers of new entrants <br />
• Can easily be copied
Possible<br />
Features for<br />
Adoption<br />
Adopt the Restaurant Partnerships Scheme<br />
This will ensure that there will be restaurants<br />
that would be in close contact with<br />
<strong>TapAndDine</strong>. Also, partnerships can create a<br />
direct communication among the restaurant<br />
to <strong>TapAndDine</strong> and to users of the apps, thus<br />
creating more opportunities for both the<br />
restaurants and <strong>TapAndDine</strong>.<br />
Adopt the Information Giving Features<br />
Adopting the Information giving features like giving directions and maps to a<br />
restaurant can be beneficial not only for the users, but also for the restaurant.<br />
In addition, giving information about the menus, the prices, and personal<br />
reviews can also give another dimension to the restaurant. This feature is a<br />
value-creating feature.<br />
Adopt the Accessibility Features in<br />
Mobile Phone Apps<br />
By adopting to create the<br />
application software to be<br />
compatible to many operating<br />
systems ensures more and more<br />
people will use the app. As<br />
smartphones are invading the<br />
mobile world, we should adjust to<br />
this be opening our doors not only<br />
to Android and iOS users, but also<br />
to other operating systems<br />
provider like Windows, BB OS and<br />
many more.
How<br />
Recommended<br />
Features<br />
Supports<br />
Mission/Vision/<br />
Strategies<br />
By providing the said features,<br />
we can assure the customers<br />
quality and excellent service.<br />
The features can also provide<br />
high value for our customers<br />
that would give them an<br />
unforgettable experience in<br />
online and mobile<br />
reservations. By giving all the<br />
information they need, we<br />
can assure that their online<br />
and mobile reservations can<br />
give them safe, fast, easy and<br />
reliable service. By being<br />
present in almost everywhere<br />
in the mobile industry, we can<br />
take the reservation industry<br />
to a higher level.
E-Commerce Business
E-Commerce project using<br />
the 6 Elements of a Business<br />
Model<br />
Value Proposition<br />
Absolutely free<br />
The <strong>TapAndDine</strong>’s web site<br />
and mobile application will<br />
both be available to<br />
anyone for free.<br />
User-friendly<br />
<strong>TapAndDine</strong>’s web site will<br />
be designed creatively<br />
while still manage to be<br />
easily controlled. Likewise,<br />
the mobile application will<br />
be equally creative and<br />
easy to use adapting the<br />
features of the smart<br />
phones.<br />
Service quality<br />
Since our site is very specific<br />
in its service, our<br />
transactions and processes<br />
will be undoubtedly fast.<br />
You can make reservations<br />
directly through our site and<br />
mobile app for your chosen<br />
restaurant, café, etc. which<br />
can make reservations less<br />
hassle for you. We will also<br />
have a special feature that<br />
will activate auto-sync to<br />
your calendar to remind<br />
you of your reservation 3<br />
hours prior to the reserved<br />
time.<br />
Credibility<br />
We will make sure that our<br />
site is affiliated with various<br />
well-known restaurants &<br />
cafés, hotels, and bar.<br />
Revenue Model<br />
Advertising<br />
<strong>TapAndDine</strong> will primarily<br />
receive revenue from<br />
advertising fees from<br />
companies who would like<br />
to buy a space on our site<br />
and application. Fees will<br />
vary depending on the size,<br />
the frequency of<br />
appearance and the form<br />
of the advertising.<br />
Point system<br />
We will have this kind of<br />
system wherein clients who<br />
will make reservations<br />
through our site and<br />
application will have the<br />
ability to accumulate<br />
points. The points collected<br />
can later on be used as<br />
discounts for future<br />
transactions in our site.
Market Opportunity<br />
<strong>TapAndDine</strong>'s target market<br />
would most probably be from<br />
teens looking for a place to<br />
hang out with their friends, to<br />
the working people who would<br />
need to find a good place to<br />
eat lunch at and to the high<br />
class people who would look<br />
for the best hotels in town.<br />
Basically, since we offer a<br />
service concerning food and<br />
other luxuries, our target<br />
market is quite diverse and<br />
large. With proper advertising<br />
and marketing, <strong>TapAndDine</strong><br />
hopes to expand its consumer<br />
base throughout its operation.<br />
<strong>TapAndDine</strong> would be<br />
available in two forms, a site<br />
and an application. Both will<br />
require users to make an<br />
account that will give us more<br />
opportunities to make constant<br />
communication with the<br />
clients, thus can yield a high<br />
probability for the users to visit<br />
the site and application more<br />
often.<br />
Direct competitors are<br />
deemed to be only few in the<br />
Philippine setting, therefore,<br />
there is a high probability that<br />
<strong>TapAndDine</strong> will make a name<br />
in the industry. Also, because of<br />
this, there is more room for<br />
improvements and eventually<br />
enhance the site into a more<br />
unique kind of service.<br />
Competitive Environment<br />
OpenTable (Direct)<br />
OpenTable, according to their<br />
website, is the world’s leading<br />
provider of online restaurant<br />
reservations, catering to more<br />
than 12 million diners per month<br />
via online bookings across<br />
approximately 30,000 restaurants.<br />
The company currently runs a<br />
website (www.opentable.com)<br />
and has mobile apps for Android,<br />
BB OS, Palm OS and iOS. The idea<br />
of OpenTable started in 1998,<br />
where it’s headquartered in San<br />
Francisco, California. Since then it<br />
has seated more than 530 million<br />
diners around the world.<br />
OpenTable service is available in<br />
the United States, Canada,<br />
Germany, Japan, Mexico, and the<br />
UK.<br />
ClickTheCity (Indirect) - is a wellknown<br />
website guide on the<br />
country’s entertainment and<br />
lifestyle. They deliver up-to-date<br />
entertainment schedules and<br />
events around the Philippines.<br />
ClickTheCity has been in the<br />
online industry for about 10 years,<br />
handling a website and mobile<br />
apps for Nokia, iOS, and Android<br />
devices. Their mobile app offers<br />
privileges such as special offers<br />
and discounts from participating<br />
Merchants, transforming their app<br />
into a virtual lifestyle card. Their<br />
mobile app also has a mobile<br />
ordering feature, which lets you<br />
order through their app for takeouts<br />
and deliveries.
Competitive Advantage<br />
First-mover advantage<br />
Currently, there are no existing reservation apps<br />
that caters to the Philippine market. Our goal is to<br />
make <strong>TapAndDine</strong> the number one reservation<br />
app in the country, offering our services to<br />
numerous Filipino cuisines and well-known<br />
establishments in the country. Although there are<br />
existing restaurant guide apps already being used<br />
by the Filipino market.<br />
Organizational Development<br />
Management Team<br />
They are in charge of managing day-to-day<br />
responsibilities in the company. In addition, they<br />
are considered to be the highest level of the<br />
organizational management.<br />
Developers<br />
They are the ones who write computer programs<br />
to meet our company’s specific requirements<br />
and objectives. They are also involved and<br />
responsible for requirements capture, testing and<br />
maintenance.<br />
Marketing Team<br />
They are in charge of handling the marketing<br />
goals for our company. This will cover promotions,<br />
advertising and other marketing related strategies<br />
so as to make our app/website known to the<br />
Filipino market.<br />
Finance/Accounting Team<br />
They are in charge of handling the company’s<br />
inflow and outflow of cash, at the same time,<br />
recording them. As the finance and accounting<br />
team, their role in the company is important since<br />
they will be studying both incomes and expenses<br />
of the company, making it important to consult<br />
them before taking any steps in the progression of<br />
our business plan especially when money is<br />
involved.
Operations<br />
With regards to <strong>TapAndDine</strong>’s<br />
operations, it employs a nontraditional<br />
setup and it is<br />
purely virtual. Users just have<br />
to sign up for free through<br />
<strong>TapAndDine</strong>’s online website<br />
or mobile application. They<br />
can either sign up as<br />
“customers” or<br />
“restaurant/café/bar<br />
owners”.<br />
Restaurant/café/bar owners can<br />
easily login and view their<br />
customer information and<br />
customers’ reservation status. They<br />
can also approve and view their<br />
guest list. Through the online<br />
website, consumers can easily<br />
access it, even when they don’t<br />
have a smartphone to access the<br />
mobile application of<br />
<strong>TapAndDine</strong>. What’s more is that<br />
almost all of the features included<br />
in the mobile application are also<br />
available in the website. The<br />
mobile application only has an<br />
added feature of GPS in locating<br />
nearby restaurants. Features<br />
which are included in both mobile<br />
applications and online website<br />
are restaurant, cafés, or bars<br />
browser which allows filtering by<br />
name, place, price range, desired<br />
reservation date/time and type<br />
of cuisine entered by the user, top rated restaurants,<br />
cafés, or bars, restaurant reviews, most reserved<br />
places, menu viewing, restaurant status updates,<br />
online real-time restaurant-reservation service, pointsystem<br />
for reservations made which can be availed<br />
with discounts and special promos. Furthermore,<br />
users have the options to make, change, cancel and<br />
confirm reservations. Reservation notifications are<br />
made via SMS and mobile application. Notifications<br />
via SMS are most especially handy for those without<br />
a smartphone to download <strong>TapAndDine</strong>’s mobile<br />
application. A user’s reservation status can also be<br />
shared via social networking sites such as Facebook,<br />
Twitter and Foursquare.
Marketing Plan<br />
The target market of <strong>TapAndDine</strong> is composed of “foodies” or the socalled<br />
“food enthusiasts”, bar hoppers, nightlife people, celebrants and for<br />
all of those people who enjoy time indulging food, drinks and clubbing.<br />
• <strong>TapAndDine</strong> is connected through social networking<br />
sites such as facebook, twitter and foursquare. For<br />
instance, when a table reservation is successful, users<br />
have the option to share their status “Table reserved<br />
in Viking’s Buffet Restaurant ☺” via twitter, facebook<br />
and foursquare.<br />
• <strong>TapAndDine</strong> will be partnered with several<br />
restaurant/café/bar establishments in order to<br />
advertise the mobile application and online website.<br />
The application logo, name and brief application<br />
information will be displayed in table tops of the<br />
partnered restaurants. These advertisements are<br />
displayed on top of tables and they may be in the<br />
form of small sign frames, card holders and<br />
placemats. The partnered restaurants/café/bar are<br />
the establishments comprising the list of<br />
restaurants/cafés/bars which allow discounts and<br />
promos to be availed when the points have been<br />
accumulated through successful reservations made<br />
in <strong>TapAndDine</strong>.<br />
• Word of mouth through recommendations of friends,<br />
families and all users of <strong>TapAndDine</strong>. Testimonials are<br />
still one of the best marketing tool that we can use<br />
today especially from credible people. That is why<br />
the <strong>TapAndDine</strong> app would be itself a marketing tool<br />
to gain our target market.
<strong>TapAndDine</strong> SWOT Analysis<br />
STRENGTHS <br />
• Has a very attractive and <br />
customer-‐friendly site/app <br />
• Have established <br />
partnerships with famous <br />
restaurants <br />
• First-‐mover advantage <br />
• Point-‐system feature of the <br />
site can attract more <br />
customers <br />
WEAKNESSES <br />
• A new player in the industry <br />
• Has already a lot of big <br />
competitors <br />
• Still has to build a solid <br />
customer base <br />
OPPORTUNITIES <br />
• Has the capacity to improve <br />
or invent new features that <br />
will enhance the site/app <br />
• Has the capacity to enter new <br />
international markets <br />
• Opportunities to open to new <br />
markets like cinemas, events, <br />
etc. <br />
THREATS <br />
• Low barriers of entry for new <br />
players
Financial Projection<br />
(First 3 years)<br />
Below is a simple Financial Project for the proposed project<br />
of the group. Starting from roughly an initial development<br />
cost of P 129,179.00 and yearly expenses of P 266,500.00<br />
after operations. We assume to reach breaking point before<br />
the 2nd year of operations and expect to grow profit by 20%<br />
after a year.
<strong>TapAndDine</strong> Prototype<br />
Home<br />
About<br />
Restaurants
Reservations<br />
Home Menu About<br />
Restaurants<br />
Reservations
Support to Nation Building<br />
Through TapandDine’s mission and vision, the company seeks out<br />
to be a responsible organization that contributes and gives back to the<br />
nation. Thus, as we strive to grow as a company, TapandDine<br />
correspondingly aims to extend our help to people in our own way.<br />
Our services primarily aim to make life easier for each customer by<br />
efficient performance of our services that would cost each customer<br />
lesser time and effort in doing their reservations. Staying true to the<br />
purpose of our business that directly involves restaurants, bars, cafes,<br />
hotel – all of which are associated to relaxation and luxury, we strive to<br />
satiate the customers to our maximum capacity. On another note, with<br />
our quality service, we won’t just be able to satisfy our clients but also<br />
open more opportunities to our valued partners, which is comprised of<br />
various businesses that are affiliated with us. Through our site and<br />
application, this would help the companies in reaching out to more<br />
people and help them expand their consumer base as well.<br />
Additionally, if TapandDine will experience a positive business growth,<br />
we will also be able to open more opportunities for unemployed people<br />
who seek for employment.
Bibliography/References<br />
Jagger, S. (2013). The Philippines restaurant industry at a glance. Retrieved from<br />
http://blog.payrollhero.com/2013/11/15/the-philippines-restaurant-industry-ata-glance-food-and-beverage-stats-manila/<br />
OpenTable, Inc. (n.d.). About opentable. Retrieved from<br />
http://www.opentable.com/info/aboutus.aspx<br />
Surf Shop, Inc. (n.d.). About clickthecity.com. Retrieved from<br />
http://www.clickthecity.com/info/about.php