Executive Summary
This task will consist of a comparison of two competing fast food franchises that specialize in chicken products. These franchises are KFC (Kentucky Fried Chicken) and Nando’s. It will give information on both the franchises’ backgrounds including who founded them where, when and significant facts about their history and growth. It will also consist of information on the Marketing Mix, which will include the 7P’s and a brief description on each of these factors. The two franchises will have facts about their means of promotion, which refers to the publicizing of products and refers to all the communications the promoter will use to inform people about the product and all its features and benefits, promotion is also one of
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Although the menu uses standardised around the world, there are certain products which are localized for example rice bowls and bento boxes in Japan.
KFC’s advertising is also localized towards the specific market and its target market eg. Most KFC advertisements in South Africa consist of the black population which. KFC’s packaging is mostly consisted of boxes and buckets which encourages take-aways and eating on the go. KFC also uses many price promotions with methods such as meals for example Fully Loaded Box Meals which consists of 1 piece of chicken, chips, cooldrink, mash and gravy and a chicken burger. the price of this is R74.90 which is a lot cheaper than buying each of these products separately. These products are also complementary
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Such as Xenophobia. This humour creates a charismatic feel which creates customer loyalty. This humour also creates a psychological effect saying that no matter the issues surrounding you, all is good when you have Nando’s. Nando’s often promote how healthy their chicken is and the way they flame grill their food. Nando’s promotes casual dining rather than take-aways shown by multiple tables to sit down and eat at their outlets and knives and forks given out by Nando’s even for take-aways. Their packaging also often in packets or boxes which makes take-aways easy if desired by the consumers. Their PERi-PERi chicken is also often advertised as it is a very popular product. Nando’s South African website is also user friendly and consists of smiling staff which boasts their great service and friendly service. Nando’s outlets also consist of South African artwork displays this makes promotes visual stimulation and a nice, cultural fell to your experience. Nando’s also display an online menu. Nando’s also has a specific writing which looks almost like handwriting, this allows people to feel casual and comfortable when they’re by Nando’s. Nando’s also use special events to promote themselves. They also make use of meals which allow cheaper prices and encourage you to buy more than one item. Their advertisements often consist of smiling people to show the joy their food brings. Advertisements will
It opens a new era for take-out foods. Even though they don’t use much technology in cooking process but applying a lot of currently technology is one of their strength. There is no product technology or research and developments occurs which can make a real difference in the products they offers. But it has a secret recipe, which separates its fried chicken and other foods from other fast food providers and attracts more customers. This actually helps it to gain more
The author of “Fast Food Nation”, Eric Schlosser, informed Food Inc. by mentioning, “In the 1970s, the top five beef-packers controlled only about 25% of the market. Today, the top four control more than 80% of the market.” (Kenner, Food Inc.) Schlosser statistics provides a reliable data which strengthen logos in a certain
Another reason why I love Qdoba Mexican Grill is because of the free extras. In the last year Qdoba has made any additional ingredients you want on a burrito free. Qdoba changed their price structure to all-inclusive in which the price only depended on the type of meat you wanted, but included all of the extras that previously required an additional charge, such as guacamole and queso sauce. Being able to have extra queso on your burrito with no extra cost is something that may people enjoy due to the fact that Qdobas queso is so good.
Cost is an important part of fast-food experiences, and how much a person has to pay can determine which restaurant to visit. McDonald’s has low prices compared to other restaurants. McDonald’s signature item, the Big Mac, is only four dollars. This price is a good deal when compared to other restaurants. They also have a “Dollar Menu” with many different meals such as cheeseburgers, salads, and chicken sandwiches.
1. Supporting point 1: Nowadays we can see these fast food restaurants in almost every shopping mall and there is at least one of these franchised restaurants in each area of the city and still increasing in number because of the high demand. a. Sub-supporting point 1: Although there are lots of choices of food inside a mall, but people often choose fast food as it is affordable and yet it is tasty and filling at the same time. b. Sub-supporting point 2: For example, in the Kuala Lumpur International Airport, there are a lot options of food to choose but the two franchised McDonalds are still always
Introduction Chick-fil-A (CFA) is a restaurant chain admired by many but it also attracted a lot of controversy over the last few years. The founder, Truett Cathy, have created a culture that differentiates the organization from most other fast-food chains, and the company have stayed true to its values till the present days. In this case study, the company’s competitive advantage, the strategic leadership initiatives that helped the company attain success, how it responded to its external environment, and the strategic challenges it is facing are discussed. In addition, findings on the company’s approach on its international expansion and its status as a privately-owned company are included, and possible directions the company might take in these areas are suggested.
5.2. Price in the marketing mix of Domino’s pizza (Bhasin, Marketing mix of Domino’s, 2017) Domino’s motto is “Best of Quality with Reasonable Pricing”. The lower middle class and middle-class income groups are their main targets. As Domino’s has come up with a uniform and consistent pricing policy, it helps them to keep the base price in check and helps to attract customers.
Executive Summary Taco Bell is a fast food restaurant chain in America based in California (Grant, 2006). This fast food restaurant specializes in serving burritos, nachos, quesadillas and tacos among other food items in their menu (Grant, 2006). It serves about 2 billion consumers every year in over 6,500 restaurants majority in the United States, where over 80% are operated and owned by independent franchisees in countries including Australia, United Arab Emirates, India, Mexico, Poland, Greece, Philippines, United Kingdom, and Chile among others (Grant, 2006). This fast food restaurant was founded by an individual known as Glen Bell (Walker, 2014). Tacos Bell had a franchise in Dubai shopping mall which was opened in November 2008 and closed
Panera Bread: Ethical Competitive Analysis Panera Bread is presently a recognized as a leader in the fast-casual type of the restaurant industry. However, despite its status, Panera Bread should understand the potential new entrants in the industry by conducting a competitive analysis of the fast-casual sector. The company can conduct an ethical and appropriate analysis by studying major and successful players in the restaurant sector currently dealing in unrelated food products. These companies are probable entrants in the market since they may attempt to introduce new product channels to boost their profits.
KFC has handle this is situation very tactfully and has obeyed the policies of the Government as prescribed by the government in order to run this kind of business. The other major factor is the pricing policies. KFC maintain and design its price policies keeping in view the income and income distribution of the people living in the country. That’s why all the classes are the target market of KFC.
Nandos has many direct competitors such as KFC , Chicken Licken and Afros Chicken. Steers is a new direct competitor for Nandos as they have started to sell half and full flame grilled chickens just like Nandos. KFC has a thousand stores nationwide which means they are more conveniently located compared to Nandos and this is a threat to Nandos. The availability of substitute products A substitute product is a different product that satisfies the same need.
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
The price strategy which KFC is currently adopting is geographical pricing. It is because the menu prices is set differently in each country. For example, KFC Malaysia snack plate is priced at RM 5.95 while snack plate in Singapore is priced at SGD 6.40. Generally, they use market penetration pricing for new products. KFC sets their price slightly lower as compared to their competitors in order to entice customers away from their competitors.
ORGANIZATIONAL STRUCTURE & DESIGN KFC share in a divisional structure of Yum! Brands, Inc. Pizza Hut, Long John Silver’s, Taco Bell and A&W are the other divisions Offers spots to many people; good for senior executives Eager, alert, and flexible to growth and change KFC makes everything to be recognize and provide money to Yum! Brands, Inc. Chick-fil-a is KFC’s biggest competitor, and quickly growing in popularity. Other competitors include AFC Enterprises and McDonald’s CULTURE Big on diversity in the office
Since then, Jollibee start expanding their stores worldwide and McDonald as their fast food competitor. Case Study Answer 1. Jollibee Food Corporation’s performance in Philippines