COMPANY ASSESSMENT
Company Background
In 1933, Vernon Rudolph and his uncle purchased a small doughnut shop in Paducah, Kentucky. This doughnut shop was owned by a French chef named Joe LeBeau. Chef LeBeau had a secret doughnut recipe that he included in the sale of the shop. This recipe that Vernon bought is used to make those wonderfully delicious glazed doughnuts that Krispy Kreme is known for world wide. In 1937, Vernon decided to settle down in Winston-Salem, North Carolina, and on July 13, 1937, he opened the very first Krispy Kreme Doughnuts. At first, Vernon baked his doughnuts and sold them to local grocery stores, but soon people began lining up outside of his shop so they could purchase fresh, hot, glazed doughnuts from him directly. As the years progressed, more Krispy Kreme stores opened, but something was different among them. The problem was that consistency of the doughnuts from store to store was not the same. To fix this set back, Vernon decided to build his very own mix plant where he would make all of the dry dough. This dough was then shipped to every Krispy Kreme store, so that every doughnut would be exactly the same. Vernon also had Krispy Kreme build all of its own doughnut making and glazing machinery which helped to keep the doughnuts identical from store to store. As the years passed, Krispy Kreme started to grow and expand rapidly. By 1999, Krispy Kreme was a national corporation; they had stores from New York City to Los Angeles. In 2001, Krispy Kreme went international when they opened their first store in Canada. Currently in 2014, Krispy Kreme Doughnuts has 748 stores in twenty-two different countries. Little did Rudolph Vernon know that his small investment in Paducah, Kentucky would one...
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...panies have made, so that they can penetrate the industry.
Bibliography
Works Cited
http://www.northcarolinahistory.org/encyclopedia/363/entry
http://investor.krispykreme.com/phoenix.zhtml?c=120929&p=irol-financialinfo
http://www.krispykreme.com/about-us/history
http://www.topsecretrecipes.com/Krispy-Kreme-Original-Glazed-Doughnuts-Recipe.html
http://www.krispykreme.com/menu/doughnuts
http://www.krispykreme.com/about/International
http://www.krispykreme.com/about/Our-Story
http://investor.krispykreme.com/phoenix.zhtml?c=120929&p=irol-financialinfo
http://www.dunkindonuts.com/content/dunkindonuts/en/company.html
http://www.gallup.com/poll/21859/Close-Americans-Want-Lose-Weight.aspx
http://www.pwchk.com/webmedia/doc/634593712079638863_rc_ap_products_outlook_2012.pdf
http://www.euromonitor.com/fast-food-in-the-us/report
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The chief element of Krispy Kreme's strategy is to deliver a better doughnut and to appeal to customers in new ways. They have taken great steps to insure customer satisfaction from the use of their proprietary flour recipe to their automated doughnut making machines. They have chosen to target mainly markets with 100,000 households. They also were exploring smaller-sized stores for secondary markets.
Internal resource is the first consideration that can lead to sustainable competitive advantage and Resource –Based View (RBV) is a theory that usefully helps a firm focus on internal resources (Kraaijenbrink, Spender & Aard, 2010). According to RBV (Valuable, Rare, hard to imitate and non-substitutable), companies have different tangible and intangible resources, these resources can be transformed into unique ability, this special ability cannot flow between firms and rival firms and difficult to reproduce. These unique resources and abilities are the source of enterprise sustainable competitive advantage. In this part, Starbucks and Apple are worth to be analyzed by RBV.
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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.
Beer is an alcoholic beverage produced by steeping a starch source (commonly cereal grains) in water and fermenting it. Which will produces a sweet liquid with yeast. Most beer is also flavored with hops, which add bitterness and act as a natural preservative, though other flavorings such as herbs or fruit may occasionally be included. The brewing process causes a natural carbonation effect, although forced carbonation is also used. The preparation of beer is called brewing.
Strives to be the leader in micro brewing while maintaining the core values it started with and had employee buy in even before it went” 100 % employee owned in2013” (Gorski, 2013).
I will be opening restaurant called The Sandwich Shop at the University of Regina Campus. Here I will discuss how I will operate my business from a marketing perspective by explaining my approach to segmenting the market, which segment I will target, my location of business and how I will incorporate the 4-P’s into my business. By addressing all these strategies/theories of marketing my business has a higher chance to succeed. Since my business, The Sandwich Shop, is on a university campus the largest demographic would be young adults ranging from ages 18-22. This demographic is already specific as it is, since most people that age going to university share the same values and interests.
*Dulce de leche, Lava cupcake, Butterfinger, Chocolate nutella, Belgian chocolate, fudge brownie, red velvet, vanilla
Since I was about four years old I had an obsession with fast food: Krispy Kreme. My obsession takes me way back I can even remember everything growing up. According to my grandmother, whenever we drove by a Krispy Kreme when I was about four, I would say the word "doughnut" seeing the big red circle sign the words saying hot Krispy Kreme doughnuts now. And that is where it all started for me and my favorite type of sweet junk food. Krispy Kreme, in particular, had an influence on me growing up. I’m however, very passionate about American doughnuts. Most kids I grew up with were passionate about cheese balls, pizza, popcorn, and ice cream; I never seemed quite interested in those type of goodies. There has always been something that were completely irresistible to me about a little sweet glazed or fill doughnut and some hot chocolate .I am not sure if it is the way the chocolate iced glazed with sprinkles doughnut that caught my eye and attention or the way the original glazed doughnut smelted in my little mouth. I had gotten hooked from what seems like birth.
Taking into consideration all KKD's publics, it is no shocker that Krispy Kreme continues to grow. For the first time, it successfully expanded nationally during the late 1990s in California (Saltzman). A main point of Krispy Kreme’s continued financial success has been their expansion into international markets.
In this assignment, I chose to conduct a SWOT (strengths, weaknesses, opportunities and threats) analysis on a bakery company in Kedah called Kek Sayang. Kek Sayang is a family based business. It is also the oldest bakery in Alor Setar. It started with a really small vendor established on 1st January 1980. On 2002, it has transformed to a boutique bakery. On 2006, the shop has been renovated to include a small portion of cafe-sort to cater all kind of customer. It sells varieties of handmade cakes, buns, pastries and cookies. Later on, the menu extended to drinks which include coffee, smoothies and milkshakes. Its vision is to be the best Bakery in Kedah. Thus, only the finest ingredients are used and artisan techniques are applied
A burger also called hamburger is a sandwich consist of cooked patties of ground beef placed inside a sliced bun. Traditionally, the slice of cheese is placed on top of the meat patty, but the burger can include many variations in structure, ingredients, and composition and the ordinary burger uses bun.
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