Zomato's objectives include increasing revenue, expanding globally, and growing its customer base and traffic. Its key activities are managing network effects by providing restaurant search and reviews, utilizing advertising through its large user database, enhancing customer experience, and expanding its services such as food delivery and consultancy for restaurants. Its mission is to ensure nobody has a bad meal by helping people discover restaurants, building dining experiences, and enabling restaurants to create experiences.
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Objective of Zomato
Zomato's objectives include increasing revenue, expanding globally, and growing its customer base and traffic. Its key activities are managing network effects by providing restaurant search and reviews, utilizing advertising through its large user database, enhancing customer experience, and expanding its services such as food delivery and consultancy for restaurants. Its mission is to ensure nobody has a bad meal by helping people discover restaurants, building dining experiences, and enabling restaurants to create experiences.
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Objective of Zomato:
Zomato works with keen interest on various strategies to
achieve their goal. It includes Financial Objective: To increase their fund and revenue Marketing Objective: To tap their customers from across the glob Growth Objective: To grow continuously and increase their customers and page traffic Globalization Objective: To expand themselves across the whole globe as a leading service provider Marketing Objective Featured and user friendly website Global mobile app Focusing on digital marketing channels for potential customers Acquire the competitors: To be the largest resource in food supply market, Zomato bought urbanspoon for $52 million to enter US, Canada and Australia Simpler review and rating system Zomato uses different platforms to engage their customers with them.
he business model is incomplete without analysing the key activities of a company.
Although Zomato’s primary purpose was to make restaurant hunting exceptionally easy and convenient, it also has various key activities which are listed as follows.
Manage Network effects: As aforementioned, Zomato provides local restaurant
search service to the users, currently operating in 24 countries. It provides details and reviews of restaurants. The information includes data about the food items, contact info, and address of the restaurants. Manage and Utilize Advertising: Zomato has an enormous user database which it uses for advertisement. The company makes the most of its solid presence and brand popularity by posting advertisements for various restaurants, generating a considerable amount of revenue. Drive Customer Experience Initiatives: Zomato initiates a lot of activities to improve its customer’s experience and keep updating its features as per the trends. Enhancing Brand Image: Zomato maintains its brand image by providing a sense of community for foodies and facilitating people the exact information about “What to Eat and Where to Eat.” Expand and Diversify their service offer: o Online food delivery and subscription: Zomato was not a delivery service at the beginning, but eventually it launched it’s delivery and subscription feature as well. However, the section does not generate much revenue for the company as it faces fierce competition from Swiggy. o Consultancy to Restaurant Owners: Zomato has a massive database of users, revealing many significant facts about their behaviors, likes, and dislikes. Zomato offers data consultancy services to many eateries and new restaurants in town. o Zomato Whitelabel: Zomato also provides service for restaurants to develop their own app through a platform known as plug and play
to expand across the globe as a leading service provider
To increase their fund and revenue To own the communication channel between the consumer and the businesses Mission Their Mission is to ensure nobody has a bad meal
They do this by-:
1)Helping people discover great places around them 2)Building amazing experiences around dining 3) Enabling restaurants to create amazing experiences