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. Panera Bread can also evaluate the products on the menu of competitors, especially development of new products, brand loyalty, and
Since Chick Fila is an oligopoly, it has a great deal of non-price competition. This includes many product differentiation from other competitors such as, McDonalds, Popeyes and KFC. One difference in Chick Fila from all the others are their waffle fries. They are cooked in pure peanut oil, which makes it a healthier choice. Most fast food chains have regular fries to go with their sandwich and burgers, but with Chick Fila’s waffle fries this sets them apart from their competition.
Everyday Standard pizzas start at Rs: 260 and have wide appeal to all types of consumers. Domino’s has recognized that consumers are seeking healthier choices. As a new strategy they have introduced two everyday pizzas for just Rs: 590 which enable everyone to enjoy their pizzas. Compared to other fast food restaurants in Sri Lanka, Dominos offers more budget healthy packages for their
* Expansion Chipotle should continue expand domestically and internationally its fast-casual restaurants in promising locations. Additionally, Chipotle should develop Shophouse Southeast Asia Kitchen’s menu and interior to attract more customers. expand the location. Consequently, their revenue and net income will increase gradually. * Marketing In stead of only relying on word – of – mouth technique, they should create more TV shows like “Scarecrow” and “Farmed and Dangerous” and held “cultivate festival” not only to build the relationship between customers and Chipotle but also to increase customer’s awareness of the brand and their “Food With Integrity”
These markets display huge potential for growth of the firm. Also for it customers across the world it can start online business opportunities. The company is continually working on distribution channels to make it stronger and enter new prospective markets. Economic recession has allowed Costco opportunity for luxury-item deals, including the chance to retail prime-grade meat that used to go almost solely to restaurants.
They plan to slowly convert to full organic and natural ingredient by going in increments to slow adjust their business and customer to change. Bargaining Power of Buyers: High In the restaurant industry the customer has high power because of how saturated the market is. Although they have very little control over the price of products, they have low switching cost that allows them to seek the best price. With the numerous restaurants available to customer, it gives them the power to choose other places to eat besides Chipotle. Also, Mexican restaurants like Taco Bell and Qdoba gives customers a substitute for Chipotle’s food.
Chipotle uses organic produce and free-range and antibiotic-free meats which requires them to work with a few selected suppliers which increases its supplier power. When it comes to the fast food industry which Chipotle plays a part in, Customer Power is a very important aspect of the industry. If customer power is strong, the customer has the power to set the price to what they would like to pay for the product. Customers in the fast food industry demand an experience which is unique and they also demand high quality food. They have the mentality of the customer is always right.
A substitute product for Nandos is ready made chicken from supermarkets like Woolworths. This could deter customers from choosing to buy from Nandos as the chicken that is ready made from the supermarket can be perceived to be healthier as well as more convenient as it is ready made and there is no need to order and wait where as customers would at Nandos. Threat of new entrants to the market It is not only current competitors that steal customers. New businesses entering the market also create challenges in the market. A new entrant in the market Nandos operates in is Afros Chicken.
Marketing and communication Burger King 's main aims and objectives are to serve its customers with the bests meals and services a fast food company could possibly provide. For this efficient communication with its customers is very important. It makes use of networking, media and internet to communicate. Apart from advertising itself through radio, television, banners, barouches it’s also been reaching out to its customers with the help of social media like Facebook and twitter. It also uses demographical strategy to meet its consumer’s interest.
Section 4 Findings and recommendations (a) Evaluate the effectiveness of the revenue cycle McDonald’s is apparently one of the biggest giants in the fast food industry, and this role simply proves that they did really well in their internal management. Therefore, we are going to evaluate the effectiveness of McDonald’s in term of revenue cycle. Initially, there is a lists of complaints available online about McDonald’s, as the accuracy of ordering process should be improve due to employees often process incorrect orders or even misplace the customer orders. However, in order to solve this serious issues, McDonald’s was able to adapt the Self-service Kiosk system. Self-service Kiosks is considered as one of the newest technology being used