In-N-Out Burgers basic values and philosophy is simple: make the highest quality product, prepare the product in a clean environment, and serve the product in a warm and friendly manner. Introducing a new product to In-N-Out Burgers traditional menu will challenge the products success with both existing customers as well as new customers. The introduction of the salad with a desirable zest to In-N-Out Burgers menu will bring a healthier choice to improve the menu and escalate customer satisfaction. The new product will be entering the market during the very competitive and less profitable maturity stage of the product life cycle. The target market for the new product will be families that want a choice in the fast food restaurant industry. The new salads with their flavorful attributes will give In-N-Out Burgers a competitive advantage because of their positioning and differentiation strategies at the right price.…
In Eric Schlosser’s “Fast Food Nation: Why the Fries Taste Good”, Schlosser reveals the secret behind the tasty fries from fast food chains and let readers know how the fries are actually made. To give readers a sense of perspective, Schlosser includes history, market supply, science and production of the fries in his investigative piece.…
The concept of customized, friendly and healthy fast food has never been seen across the chain or franchise. There are more strengths and opportunities than weakness and threats indicating that the company has the potential to even grow and expand further based on the principles and planning that it has followed.…
The data analysis proved that the best-in-class French fries were not produced by the restaurant with the best service. Further analysis of the correlation between product quality and service quality was necessary in order to understand current trends in the industry. Regression analysis was used to identify correlation between restaurants’ scores on product and service quality. This can be seen in the analyses and graph below.…
b) Options: The customers have the opportunity to customize their burgers to their preferences, choosing from seventeen toppings without extra charge. This is also an example of a new strategy used to capture higher market share in the industry, in which companies are force to come up with, constantly, due to the intensive competitive characteristic of the fast food industry. (Hussein, Et all. 2011)…
Innovative value adding attributes often come from operations execution and not just from the actual product. Chipotle has become a leader in the fast food industry with the creation of an enhanced fast food experience. Chipotle’s edgy and modern design enhances customer experience while integrating elements of the tradition restaurant with a fast food service.…
“We are in the business of selling burgers” – Jerry Murrell says as one of the mission statements for his company; Five Guys Burger & Fries. Five Guys has had the same business plan since Jerry and his sons opened the first burger shop in 1986. They only use fresh ingredients never frozen. There are no gimmicks to the Five Guys philosophy; just simple food with simple ingredients. That’s how it worked while running one restaurant and that’s how it works with now over a thousand restaurants all over the U.S. and Canada (Smith, 2011, p.2).…
First, the long-term objective must be acceptable by those whom the objective was meant to serve. Second, the objective must be flexible; otherwise, striving to complete an objective while ignoring outside factors may null the results or may be harmful to the organization. The objective must be measurable over time and motivate those that will carry out the work. The fifth and sixth characteristics are the objective must be understandable and achievable. The authors will define Burger King’s Long-term objectives as they align to the following areas: market position, image, public responsibility, and product innovation. Nowadays Burger King Corporation is the second largest fast-food chain in the United States, trailing only McDonald's. The company has more than 10,400 franchises and owns about 1,000 for chain wide, with locations in all 50 states and 56 countries around the world. The company serves 15.7 million customers each day and over 2.4 billion Burger King Hamburgers are sold each year across the…
Throughout the years’ hamburgers have encountered numerous changes, to become a part of American society and an icon for fast food restaurants. They were first introduced to United States as hamburger steaks then changed to hamburger sandwiches. People were mainly attracted to burgers due to their affordability; for example, during the 1920’s people could purchase a burger for five cents from White Castle. Later, corporations, such as McDonald’s defeated White Castle and took over the spotlight. McDonald’s was not just focused on affordability, it was also concerned about convenience and taste. For instance, McDonald’s Big Macs are convenient for consumers, since they are quickly made and are considered a meal themselves. Also, McDonald’s…
My reason for writing this paper is to provide information on McDonalds’ Big Mac and Burger Kings’ Whopper. The information will help you decide which one meets your standards best: Whether it is its taste or its value. In today’s society the fast food nation is sky rocketing in business, and wherever you go, there will always be a competition between different fast food businesses.…
2 Five Guys Burgers and Fries Five Guys Burgers and Fries was an unknown fast food restaurant until 1986 when it was established by the Murrell family as an ultimatum to “start a business or go to college.” The father and 4 sons, then the 4 sons joined by a new sibling, aka “Five Guys” took on the challenge with the help and guidance of their parents, Jerry and Janie Murrell. Early in 2003, franchising opportunities were offered and now 20 plus years later what began in the Washington, DC area has over 1,000 locations in the U.S. and 1,500 in the works. We’re going to explore their philosophies, values, factors of success and ethical and social practices in order to gain an understanding of this hamburger phenomenon. The Murrell family still maintains the company and monitors franchise operations closely. Five Guys Philosophy Fresh – it’s a simple, but powerful word in the restaurant industry. And Five Guys Burgers and Fries built its philosophy on that one word - fresh. The five facts listed on their “About Us” page state the straightforward values that were developed by the Murrells which not only center on the freshness guiding principles, but the business strategy itself. This, in and of itself, sets Five Guys Burgers and Fries apart from the major fast food chains who buy in bulk, frozen and fresh. The five facts are as stated on their website, http://www.fiveguys.com/about-us.aspx are: There are over 250,000 possible ways to order a burger at Five Guys. We use only fresh ground beef. There are no freezers in Five Guys locations, just coolers. Nothing is ever frozen. We use only Peanut oil. Our menu is trans-fat free.…
The global fast food market has in recent years, witnessed a significant boom, especially in Asia and Africa. In response to this, Burger…
Burger king concentrates on its target market - young male. At this point BK’s strategy is to gain higher market share within this market, and move as many young male fast-food “super fans” from “Preference” into “Conviction” stages. This strategy might lead to future complications in expansion of BK’s target markets and inability to gain popularity among for example young female or families with children.…
Answer- The likely strategy Burger King is pursuing is the broad-differentiation strategy. By acquiring Tim Hortons, Bk will gain access to a broad range of customers by offered not only burgers and sandwiches, but coffee and baked goods as well. By purchasing Tim Hortons, Burger King will become the third-largest fast food restaurant company in the world, with about $22 billion in system sales (mostly franchised) and over 18,000 restaurants across 100 countries…
Wendy’s restaurant is an international fast food chain restaurant which focuses on selling high quality products to its customers. The company started its operation on 15th November 1969 with its head quarters in Ohio, United States. (Wendy 's) The company has got more than seventy seven percent of its outlets franchised and has got the fourth position among the other international fast food chains. Majority of its outlets are located in North America and they focus on the facilities provided on the customers, for example appearance of the outlets and the workers. Their menu mainly contains sandwiches, hamburgers, fries and beverages. The restaurant is really famous for its square shaped hamburgers, sea salt fries and frosty. Wendy’s fast food chain had some trouble in achieving brand diversity after its initial successful growth, which resulted in the launch of several advertising campaigns to gain back its place in the market. One of the latest slogans released in North America is “Now that’s better”. (Wendy 's Wiki)…