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Competition in the fast food industry
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CHAPTER 6 INDUSTRY ANALYSIS Industry Description and key Result Areas Dunkin cups is a food service business that serves snacks and drinks in a food cart that is consumed in take-away or consumed within the premises. It falls under Section I - accommodations and food service activities, division 56 – food and beverages service activities, group 561, class 5610 – restaurants and mobile food service activities of the 2009 Philippine Standard Industrial Classification (PSIC). The section includes complete meals and drinks fit for immediate consumption, whether in traditional restaurants, self-service or take-away restaurants, whether as permanent or temporary stands with or without seating. food service industry is fast growing in our country, …show more content…
The restaurants and mobile food services activities builds up 72.3% of the distribution of accomodation and food service establishments. As we belong to this sector we have the competitive advantage among other food sectors. This pertain to event catering food service activities and beverage serving activities. NCR having the most number of establishment (2,290) as per 2013. Dunkin cups targets to employ 2 people in order to contribute on providing jobs to employees. A total number of 222,285 are employed by the sector in 2013. The food industry pays the highest compensation to it's employees. Restaurants and mobile food services also has the the largest income of 173.5 billion. Among the regions in the Philippines, NCR has earned more than half of all the total income of the sector. In terms of spending the total amount for Restaurants and mobile food services is 140.3 billion or 68% of the whole sector. They have the highest expense in all of the industries. The value added for restaurants and mobile food services reached 62.9 billion or 61.6%. Summarizing all of this values the food industry makes up the highest competitions among other industries. There are many competitors in the food industry specially in the industry our business we are …show more content…
PRICE • Tapsilog (sweet, original, spicy) = 55php • Liemposilog = 60php • Hotsilog = 55php • Tocilog = 55php • Longsilog = 55php • Chicksilog = 60php Their prices should be less because their serving is not that big PLACE Their location was a prime one. Its near from UST and very accessible The area has a lot of business which considers as a competitor. PROMOTION They are well known through the word of mouth. They should consider online promotion for more awareness BFF FRIES STRENGTHS WEAKNESS PRODUCT Their fries is excellent because of the powder flavoring available in cheese barbecue and sour cream. They should add other flavors in their beverages not only red tea. PRICE Carry me – 35 Burger with fries – 45 Fewa with fries - 65 They did not include their prices on their beverages. PLACE The location was beside mini stop dapitan, all students who enters dapitan at the commerce building entrance tend to go by their store. The place is a bit messy and stinky. PROMOTION They give flyers before and they have their tarpaulin and banner. They don’t have appealing tarpaulin and
Starbucks vs Dutch Bros. Every coffee addict knows, the day just does not begin until one’s mouth has had a taste of that glorious, roasted brew. Now, whether one likes a venti iced skinny hazelnut macchiato, sugar-free syrup, extra ice, no whip, the father, the son, and the holy spirit, or simply a cup of Americano, dark; the general consensus is that the combinations are virtually unlimited and the cafes are plenty. However, coffee lovers beware of the hype: Starbucks may seem the prominent choice for a morning cup of joe, but when it comes down to it, Dutch Bros. is the only way to go. As previously mentioned, the combinations are virtually unlimited, something that Starbucks seems to take to heart when comprising their menu options.
The founders of Keurig Inc. created the company to develop an innovative technique which allows customers to brew one perfect cup of gourmet coffee at a time. In this case, the CEO Nick Lazaris along with the other leaders of Keurig Inc. must determine how to successfully enter the at-home-market for use at customers’ homes, while maintaining a healthy relationship with Green Mountain Coffee Roasters, Inc. (GMCR) and Van Houtte. GMCR and Van Houtte are two of the company’s main roaster partners that own a 70% stake in Keurig, so they want the business to succeed but are a little apprehensive about the company’s marketing and pricing strategies.
Krispy Kremes's strong brand name, highly differentiated products, high-volume production capability and multi-channel market penetration strategy has worked well. With each new store opening there are lines waiting at the door all night to experience the Krispy Kreme quality. In Denver, more than 3000 people stood in a line extending for more than three city blocks on opening day. They have production areas in full view and a neon light that lights up when "Hot Donuts" are actually coming off the line. Krispy Kreme makes customers feel good about indulging. Even Krispy Kreme's name brings a smile to people's faces.
The company started its activity in 1971 as small coffee shop located in Seattle specialized in selling whole arabica coffee beans. After being taken over by Howard Schultz in 1982, following a rapid and impressive growth, by mid 2002 the company was the dominant specialty-coffee brand in North America, running about 4,500 stores, 400 international stores and 930 licenses.
French fries are my favorite fast food item. Sometimes, I don't even need chicken tenders or a burger. I just need those darn fries. I have recently been presented the question, ¨What is the best fast food restaurant in Springfield, Missouri?¨. Well, my friend, I present Culvers. Culver's has the best french fries by far. They have the right amount of salt. They're always warm. The fries that I find anywhere else are always too salty, or not salty enough. Or they are too soggy. The fries from Culver's have the perfect balance of everything. I will always love Culver's and their fries because of their promise for good, natural, Midwestern sourced food items.
One of its biggest strengths is it is one of the top coffee companies in the world. Dunkin Donuts has built a strong brand for itself. The company has over 1000 selections of doughnuts, and its stores are a perfect place for having breakfast and coffee. They have worldwide franchisees, totaling to more than 10,000 locations across 32 countries (Marketing Coach). Dunkin’ Donuts uses the fixed price but yields more which lets it to sell at a lower price because fixed costs are spread over a larger number of components. Dunkin Donuts has standardizations for each location so where ever the customer goes they can expect the same thing. They have control over the supply chain which contributes to lower costs. This is achieved by bulk buying to quantity markdowns, talking suppliers down on price, establishing competitive bidding for agreements, and working with sellers to keep inventories low. Dunkin Donuts has a strong customer loyalty rate, which it cost less to keep customers than to gain new ones. Dunkin has good partnerships with JetBlue, Smuckers, and Keurig. Dunkin does a lot of charity work like feeding the hungry, supporting children’s health, and making sure that neighborhoods are safe and secure ("Brand Power"). Dunkin Donuts has recently launched a green campaign that will building green certified program designed to help franchisees build sustainable, energy-efficient
Dunkin’ Brands, Inc., a global player in the fast food business, while targeting Asia for its global expansion, concluded that South Korea’s economy was stronger than those of other Asian countries. Dunkin’ Brands, Inc. launched in South Korea in 1992. Dunkin’ cited the fact that U.S. Military troops have long been a presence in South Korea, which has allowed South Koreans to be exposed to Western influences and which makes the Dunkin’ Donuts brand familiar to South Korean consumers. Dunkin’ was right on both counts, and now counts its South Korean franchises as one of the largest contributors to its business interests located outside the U.S. In 2008...
This memo contains the answers to Questions 1 through 4 from the International Marketing assignment titled, "Krispy Kreme Doughnuts Going Global?" The questions are offset in the shaded area and the answers are provided below each question.
Starbucks recognizes its employees for much of its success. This is due mostly to maintenance of a great and proven work environment for all employees. The company does not have a formal organizational chart; sot employees are permitted by management to make decisions without a management referral. Moreover, management trust and stands behind the decision of the employees and it is this that allows for employees to thinks for themselves as a part of the business, so as to make them feel as a true asset and not as just another employee.
The first Dunkin Donuts was opened in 1950 by founder Mr. Bill Rosenburg in Quincy, MA. Five years later the very first franchised branch was licensed. Sixty years later, under “Dunkin Brands Inc.”, there are now over 10,000 stores including more than 7,000 franchised locations, all in 36 of the United States. There are over 3,000 Dunkin stores internationally in 32 countries other than the United States. Dunkin' Brands Group, Inc. is one of the world's leading franchisors of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. Dunkin Brands is head quartered in Canton, MA (Company Snapshot).
High flavoring means they either use chemicals or a lot of salt and sugar. Even normal people know it is unhealthy to consume too much salt and sugar. In the article “McDonald’s Transparency Campaign Reveals Toxic Ingredients” wrote by Alek Hidell, he states that “Americans awareness to health and diet issues prompted McDonald’s to put forth a campaign of transparency. What was found will disgust you beyond belief. If is no secret, fast food restaurants cut costs by taking short cuts.” The short cuts that leads to the use of preservatives, flavor enhancers and a slew of other chemicals. Aluminum sulfate is a chemical used in bread production. It activates yeast, so it helps to expand the bread size. This chemical is also used commonly as an artificial fertilizer for alkaline soils and pesticide. Ammonium chloride, it is an ingredient used in fireworks and other explosives products. This explosives chemical are using in the food human are consuming and McDonald’s did not aware to somewhat consider for the costumers the chemical might be harmful to the health. Also, silicone oil is a chemical used to make contact lenses and now McDonald’s using it in chicken nuggets production. People understand McDonald’s food is unhealthy and not clean, but they did not know in order for McDonald’s to produce those foods, they require to use chemicals which are used in explosives, contact lenses and who knows what other
In 2003, Starbucks was listed as one of the Fortune 500. Despite the ongoing recession, the company had managed a 31% increase in net revenues for the year. This was reasonable, considering they only spent about 1% of total sales on marketing. All of this, coupled with the fact that they were popular with customers and employees, was a sure recipe for success.
Preliminary Starbucks – one of the fastest growing companies in the US and in the world - has built its position on the market by connecting with its customers, and creating a “third place” beside home and work, where people can relax and enjoy themselves. It was the motto of Starbucks’ owner Howard Schultz and, mostly thanks to his philosophy, the company has become the biggest coffee drink retailer in the world. However, within the new customer satisfaction report, there are shown some concerns, that the company has lost the connection with customers and it must be taken some steps to help Starbucks to go back on the right path regarding customer satisfaction. I will briefly summarize and examine issues facing Starbucks. Starting from there, I will pick the most important issue and study it from different positions.
It will provide entrepreneurs with a competitive edge that will prove invaluable in helping them seek the opportunity in this unexplored area of business. Through this research project one can study the opportunities and potential for Fast Food Restaurant Services in India. Since not too much of research is carried on in this area in India, there is a huge scope for this market and it could be useful for any budding entrepreneur who is interested in this industry.
The revenue stream generation for this industry mainly comes from the sale of food in the restaurants. Part of small revenue stream for KFC is their delivery services (KFC Singapore, n.d.).