Q NO.1. What is the purpose of conducting an external environment analysis? What are the general environment forces that could influence or have influenced McDonald’s development in china? Ans : First of all before describing the purpose of external environment analysis we should come to know what external environment actually is? External environment include all that factors that influences the activities and operations of an organization. Actually it determines the opportunity and threat of an
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As mentioned above‚ there are a few major competitors in the fast-food industryin India for KFC‚ namely McDonald’s‚ Pizza Hut‚ Domino’s and Subway. The substitute products‚ in this case‚ would be burgers‚ pizza‚ and sandwiches. Though they arecompetitors‚ their primary products differ greatly from each other‚ in that they sell‚chicken‚ burgers and fries‚ pizzas‚ and sandwiches‚ respectively. TraditionalIndian dining‚ home-cooked meals‚ and grocery stores with ready-to-eat foods are alsosubstitutes
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Term paper on: Service strategy of KFC Subject code: MKT 412 Section: 01 PREPARED FOR: SSM Sadrul Huda (SH) Assistant Professor Department of Business Administration East West University. PREPARED BY: Md. Taijul Islam ----------------------------------------------------Id: 2009-2-10-217 SHADIN -01917277300 Fariha Faroque Mitu ------------------------------------------------Id: 2009-3-13-024 Khaleda Akter -----------------------------------------------------Id:
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SWOT KFC SWOT analysis 2013 | Strengths | Weaknesses | 1. Second best global brand in fast food industry in terms of value ($ 6 billion) 2. Original 11 herbs and spices recipe 3. Strong position in emerging China 4. Combination of KFC – Pizza Hut and KFC – Taco Bell 5. KFC is the market leader in the world among companies featuring chicken as their primary product offering | 1. Untrustworthy suppliers 2. Negative publicity 3. Unhealthy food menu 4. High employee turnover
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food industry‚ KFC has gained a substantial global recognition and developed multinational operation in past decades. Although KFC has successfully entered Asian and African markets‚ the domestic operation has faced lots of challenges such as declining market share‚ industry competition and franchisees dissatisfaction and so on. President Novak would like to keep how the company is doing well now‚ which is to focus more on foreign market. The domestic franchisees are disappointed to KFC management team
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combination of KFC‚ Taco Bell‚ Pizza Hut‚ A&W or Long John Silver ’s brands. Yum Brands also shows great Corporate Social Responsibility in the industry. Yum! Ranked #337 out of 500 on Newsweek ’s 2010 Green Rankings U.S. list #62 on Corporate Social Responsibility Magazine ’s 100 Best Corporate Citizens List of 2010‚ #33 in 2009. Yum Brands has cemented their products with unique taste differentiation by making their chains the leaders in the industry. A&W is Root Beer and KFC is fried
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KFC The minimum financial requirement to open a KFC in the United States is $1.5 million net worth and $750‚000 in liquid assets. Item 7 of the Franchise Disclosure Document (FDD) outlines the investment costs necessary to enter the KFC system. Highlights are as follows: |[pic] |[pic] | | |Building Construction Costs |$425‚000 to $565‚000
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relating to the fast- food industry. 2.2 Porter’s Five Forces – Fast-food Industry 1.2.1 New Entrants “The industry is dominated by a number of international quick Service Restaurant Chains‚ including McDonald’s‚ Burger King‚ Pizza Hut‚ KFC and Domino’s “(Data monitor‚ 2010). So the market of fast food is highly competitive‚ and the cost to entry the fast food industry is high. This force should be weak. 1.2.2 Substitutions Substitutes are readily available: food can be purchased
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differ from country to country (Schultz & Kitchen 2000‚ p. 21). More and more international companies focus their global marketing strategies on the developing countries. This report will discuss the representative American fast food industry such as KFC and McDonald’s sets their successful global strategies in China and brings the changes of American fast food culture with Chinese characteristic. Chinese fast food market: The economic reform opened China market to the outside world and improved the
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KFC Marketing Segmentation: Geographic: The perfect place for KFC to do business is in the city because people are gathered there including people from the countryside. So the busiest blocks where there are people passing by 24 hours a day are KFC’s targets. Moreover‚ by positioning the store in the capital city Phnom Penh and a touristic city as Siem Reap‚ KFC can benefit from the excessive amount of labor force and a less expense on delivering raw material to each branch. Beside targeting the
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