The main purpose of this research task is to accept or reject the hypothesis that ‘There are no significant factors that distinguish one of the following franchises (Steers, Debonairs, Wimpy) from their competitors. Consumers buy from a specific food franchise because it is purely convenient.’
For this research task, Steers and McDonald’s were chosen, McDonald’s being the competitor franchise. The reason that these two franchises were chosen is because both Steers and McDonald’s offer similar products; such as burgers, both franchises offer to eat the food in the store or to collect. Recently McDonald’s began delivering, so that is also something that Steers and McDonald’s have in common.
To be able to do this research task and to attain
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Another part of market penetration is that Steers would increase the amount of marketing and advertising that the franchise does, this will result in customers being made aware of what Steers offer in terms of products but an increase in advertising would also result in an increase of new customers.
Labour disputes can cause severe problems for a franchise. Labour disputes can cause a franchise to decrease in productivity, or completely stall the production of a franchise. Labour disputes should be avoided at all costs and therefore it must be of most importance to abide to all the various labour legislations such as the Labour Relations Act (LRA) and the Employment Equity Act (EEA). To achieve this, there should be complete transparency between the management of the franchise and the
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Strategies in which to turn a Weakness into a Strength
The numbers of the strategies listed below, correspond to the number of the weakness listed in the table above.
The board may believe that their "activities do not severely impact the environment” however, customers may think differently and therefore a negative reputation could come about. Steers should rather contribute and protect the environment, even if it is simply for the reputation and image of the franchise.
Strategies in which to turn a Threat into an Opportunity
The numbers of the strategies listed below, correspond to the number of the weakness listed in the table above.
"The ruling said it was not reasonable to find that it could be offensive to all white, Afrikaans people simply because the actor was a white male. The authority said the advert intended to “spoof the fact that it often happens that South Africans, including sports people who have been shown on television, do not know the words to the national anthem”. Since then, Steers has parodied its own advert which can be seen on YouTube as the campaign has finished. The updated advert says: “The only time the everyday awesome meal is not available is when Henry remembers all the words to the national
The first time I have heard of the Chick-fil-A Franchise Opportunity was in the discussion about good opportunities of starting business in the Facebook community. My interest in different business opportunities to bring a change to my life prompted me to check what Chick-fil-A Franchise could offer to a motivated individual committed to developing one’s own business and making it successful entrepreneurships experience. I have studied a list of the top-ranking global franchises, their profiles and the industries they operate in. The American Franchisee Association was also a helpful resource for learning more about franchise opportunities. Out of the one hundred companies and corporations listed, eight represent franchises that are
Expansion into developing nations with different social and cultural parameters would require altering the menus and catering to the specific customer needs. Economic factors The low franchising cost comparing to the competitors is an advantage for Subway. However the cost of ingredients and supplies used in the preparation of food is higher than that of the competition due to the need for fresh ingredients. Customers have a perceived value which is higher than that of the product offerings of alternate fast food chains.
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
The Use of Rhetorical Devices in the “Google Home” Super Bowl Commercial Companies and other forms of media strategically use the three rhetorical appeals, ethos, pathos, and logos, to market goods and/or promote ideas. The appeals have been used for centuries are still prevalent in all types of modern day propaganda. If used correctly, ethos, pathos, and logos can be used as clever tactics to engrain information into the brains of consumers. One of the more notable ways that brands use these appeals are commercials. Google, the world’s most famous multinational technology company, used the three appeals to reach success.
The Similarities and Differences of McDonald’s and Wendy’s Corporate America has taken a stranglehold on American nutrition and eating habits. McDonald’s food has dominance over the market with its cost effectiveness and availability. In contrast, Wendy’s has superior products with higher prices. While these fast-food giants have a massive place in America, they have their similarities and differences. Wendy’s and McDonald’s demonstrate these traits in cost, diversity, and quality.
For the business-level, Trader Joe’s adopted a differentiation focus strategy. According to our textbook with this strategy, Trader Joe’s seeks to differentiate in its target market. They rely on providing better service than broad-based competitors. Specifically, they focus on the special needs of the buyer in other segments (Dess, Page 159). Joe’s differentiates its self from other grocers by providing a unique shopping experience fortified with their private label goods and great service from their crew members.
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
As people have issues about Mcdonalds’ low food quality toward people’s health. However, there is another important area that we have to consider seriously about is how its system, so-called “Mcdonaldization”has influenced and continuously effecting our society. From the article “McJobs: Mcdonaldization and the Workplace” by George Ritzer, he distributes the idea of how Mcdonaldized system has changed our society into scripted and “programmized” places (Ritzer 1998:140). He has specifically analyzed the McJobs’( job that has been Mcdonaldized) into four elements,which is its efficiency, calculation, prediction and control. As the nature of the world is made of a full of colors, diverse opinions of people naturally exist toward the term
The authors study a restaurant for this purpose. The restaurants have an inherent advantage that a licensed and franchisee restaurant might share the same menu ideas, outlook strategies, and production pedagogy which necessarily makes them more comparable while the management forms, observing systems, hiring methodologies etc make the two different enough to study and identify the underlying causal relationship (if any). The authors in the end then comment on the vital points of differences between franchising and licensing. These differences are microscopically studied under both operational as well as business thought process aspect. The authors comment that franchising might lead to a higher customer satisfaction level irrespective of the metric and the reason being that franchisor usually has better control of the day to day operations in a franchisee.
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.
ADVANCED AND APPLIED BUSINESS RESEARCH Name: Muhammad Zubair Qureshi ERP: 12191 Section: MBA (Morning) Topic: WAC (Pillsbury Cookie) Submitted to: Dr. Huma Amir Date: 31-1-2016 EXECUTIVE SUMMARY This case tackles the research analysis that was conducted by General Mills Canada to understand the major factors in terms of variables of their target market in order to make a specific strategy to better the sales performance of the Pillsbury Refrigerated Baked Goods or “RBG”. This research highlights how the company was analyzing consumer preferences in accordance to taste usage and purchase intension for the RBG cookies.
McDonald’s is the largest fast food restaurant chain in the United States and represent the largest restaurant company in the world, both in terms of customer served and revenue generated. In 2014 IBISWorld market research estimated MCD held an 18.6 % of market share of the entire global fast food industry; Burger King in at just 4.6%. Under franchising visionary Ray Kroc, McDonald 's became the world 's premier food brand by selling the rights to operate a McDonald 's store. With this model, MCD keeps overhead costs down and lets local owners deal with individual units, while food costs remain low and service remains fast for a culture increasingly on the go.
The diagram above shown the CPM of McDonald’s and its competitor, KFC and Burger King; indicates McDonald’s is in a strong strategic position than its competitor. Some of the reasons McDonald’s is successful and has high market is due to it strong brand name recognition, a strong customer loyalty, and its global expansion. Furthermore, McDonald’s is also invested a large sum of money in advertising and very well known toward it charity program through Ronald McDonald’s House. Nevertheless, there are areas in which the organization can improve.
According to TrackMaven, market segmentation is the process of dividing the market of potential customers into groups, or segments, based on different features. The created segment consists of consumers who will respond to the same marketing strategy and who share the nature of the same interests, needs, or locations. McDonald uses demographic segmentation as their main types of market segmentation. According to Sakshi Natani (2016), McDonald in Malaysia used mainly demographic segmentation, which divided in age, income, family-life cycle and social class.
If you want sports and beer where is the best place to go to watch them? Buffalo Wild Wings can be described as a comfort food restaurant and good environment for sports. Whether it is for basketball, football, soccer or baseball we have it all. It offers mid-priced, simple food in a relaxed atmosphere. Unlike Applebee's, a restaurant in a similar price category, Buffalo Wild Wings' targets a slightly younger demographic.