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Restaurant competition includes fast-food chains
Overview of burger king
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BURGER KING
Team Members:
Table of Content
1. Executive summary
2. Introduction.
1. Brief History.
2. Burger King Egypt.
2. Mission.
3. Forces Driving Industry Competition:
1. Determinates of entry.
1. Economies of scale.
2. Product differentiation.
3. Capital requirements.
4. Cost advantages.
2. Determinates of Supplier Power.
1. Switching cost of suppliers.
2. Impact of inputs on cost or differentiation.
3. Determinates of Buyer Power.
1. Bargaining leverage.
a. Buyer switching cost.
2. Price sensitivity
a. Price/total purchases.
b. Impact on quality.
4. Determinates of Substitution Threats.
1. Buyer propensity to substitute.
2. Relative price performance of substitute.
5. Determinates of Rivalry.
1. Brand identity.
2. Industry growth.
3. Investment in technology and restaurants.
4. Product difference.
5. Exit barrier.
4. Competitive Profile Matrix.
5. External factor Evaluation Matrix.
Executive summary:
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-Relative price performance.
-Buyer propensity to substitute.
New Entrants
Substitutes
Bargaining leverage:
-Buyer switching cost
Price sensitivity:
-Price/total purchases
-Impact on quality
-Switching cost of suppliers
- Impact of inputs on cost or differentiation
- Brand identity.
- Industry growth
-Investment in technology and restaurants
-Product difference.
-Exit barrier
Suppliers
-Economies of scale
-Product differentiation -Capital requirements
-Cost advantages
Buyers
Industry Competitors
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Innovation is an important aspect of business today. It is important for companies to be innovative in order to stay competitive with their competitors. Innovation can come in different forms depends on the company’s objective. KFC, one of the most popular fast-food restaurants by the Yum! Brands, chooses to be innovative for their business model. Although, there is a huge amount of fast food chain available in the global market, KFC found the key to stand out from the intense competitive environment. By expanding the business to China, KFC learned unprecedented success by being different, not by being the same. The company’s business model is all about adapting to the local culture and understanding the needs of the Chinese market. Three main innovative strategies of KFC in China are localizing the menu, understanding the Chinese culture, and hiring local management.
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