secret recipe. The secret recipe has long been a source of advertising‚ and allowed KFC to set itself apart. Also‚ KFC was the first chain to enter the fast-food industry‚ just before McDonald’s‚ which opened its first store a year later‚ and the "secret recipe" was the initial home replacement strategy. 2. Name recognition and reputation. KFC’s early entrance into the fast-food industry in 1954 allowed KFC to develop strong brand name recognition and a strong foothold in the industry. The Colonel
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Masters in Business Administration at the University of South Africa Table of Contents Page 1 Summary 3 2 Introduction 3 3 Value Creation in KFC 4 4 Strategic Issues Facing KFC 6 5 Conclusion 8 6 References 9 1. Summary Kentucky Fried Chicken (KFC) being one of the world’s largest chicken restaurant chains has many challenges. Two of these challenges being value creation through its corporate parent PepsiCo during the
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[pic] Internship Report KFC Pakistan BBA Program Summer 2009 Submitted To Prof. Nisar Ahmad By Madiha Hamid L1F05BBAM0045 For My Beloved Parents First and foremost‚ I am deeply grateful to Allah for giving me a chance to complete my internship successfully and for completing my report in time. Sincere and deep regards for my internship advisor Prof. Nisar Ahmad for his continuous guidance‚ encouragement and critical remarks that helped
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Major companies such as KFC and Mc Donald’s use a bulk of their budget on promotion and getting their brand "out there." In as much as the businesses might have good products and a wide product range‚ or sold at attractive prices. The company’s at hand would still have to generate sales and profits the benefits would have to be communicated to the consumers through promotion. The promotional mix consists of a blend of personal selling‚ sales promotion and advertising‚ public relation tools.
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dessert like ice-cream. And if you go there before 11a.m. McDonald have breakfast meal for customer. Sometimes‚ they will do some promote to push off a new hamburger or new taste of fries. These new products are only available on promotion period. KFC KFC’s products are mainly are chicken. They offer different type of set meal for customer to choose. The set meal will include a main principal food‚ snake and soft drink. For the principal food are hamburger or chicken wings. And they have some special
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Introduction KFC operates in 74 countries and territories throughout the world. It was founded in Corbin‚ Kentucky by Colonel Harland D. Sanders. y 1964‚ the Colonel decided to sell the business to two Louisville businessmen. In 1966 they took KFC public and the company was listed on the New York Stock Exchange. In 1971‚ Heublein‚ Inc. acquired KFC‚ soon after‚ conflicts erupted between the Colonel (which was working as a public relations and goodwill ambassador) and Heublein management over quality
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THE EXTERNAL ENVIRONMENT AFFECTING KFC 1.0 External Analysis For success within the airline industry‚ an awareness of the external environment is essential. This section aims to highlight the position of the industry‚ in particular looking at competitors and assessing KFC’s capability to meet current and future challenges. 1.1 PESTEL Analysis An analysis of the macro-environment has been carried out using PESTEL POLITICAL: The operations of KFC are affected by the government policies
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secret recipe for cooking chicken. Sanders developed a secret recipe for cooking chicken. 2008 The Colonel has a new look. KFC updates one of the most recognized‚ respected and beloved brand icons with a new logo. 2009 KFC introduces Kentucky Grilled Chicken™ - a better-for-you option for health conscious consumers who love the flavor of KFC. Statement of the Problem Should KFC penetrate the Chinese market and established its first ever restaurant in mainland China‚ the world’s most populous country
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main strategy of KFC is to establish its market position in other countries. The key factors of its success lie in cost savings through R&D‚ innovations and work efficiently. These factors are lower costs and increase profit in the industry. KFC uses a low cost / differentiation leadership on its brand name as well as on taste. http://www.slideshare.net/skdrugs/kfc-case-study-presentation 4.1 Overall Cost Leadership Strategy This strategic approach aims at reduction in costs. KFC is a publicly
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The Marketing Mix and 4 Ps The 4Ps are: • Product (or Service) • Place • Price • Promotion A good way to understand the 4 Ps is by the questions that you need to ask to define you marketing mix. Here are some questions that will help you understand and define each of the four elements: Product/Service • What does the customer want from the product/service? What needs does it satisfy? • What features does it have to meet these needs? • Are there any features you’ve missed out? • Are you
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