From my experience (as a business coach) a good math model will usually help a business find extra turnover and profit.
In the examples here, though, it probably wouldn't be the best use of strategic time. Good marketing / positioning, creating solid referral relationships, as well as staff training (which brk nicely discusses) would probably add more than the math model would.
Which is almost a shame, since modeling is so much fun!
But what if you can centralize modeling? If all restaurants pooled their resoruces and hired someone to do it? Like opentable, for example, already handles reservations over internet - somethin no individual restaurant could afford.
In the examples here, though, it probably wouldn't be the best use of strategic time. Good marketing / positioning, creating solid referral relationships, as well as staff training (which brk nicely discusses) would probably add more than the math model would.
Which is almost a shame, since modeling is so much fun!