Managers | Case Study #1 | Outback Steakhouse: Going International | | Professor: Tom Wesson | Student Name: Meng Zhao | Student Number: 212442588 March 20‚ 2013 | Q1: What are the principal features of Outback Steakhouse’s strategy in the US? Why has the strategy been so successful? Outback positioned itself as providing not only excellent food‚ but also a cheerful‚ fun and comfortable experience in US market. Instead of competing on low cost‚ Outback has gained its competitive
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Outback steakhouse Marketing Mix- 4ps 1. Product Outback steakhouse is an Australia or American style restaurant. Outback emphasizes “fresh” spirit inspires everything. One of the corporation’s slogan is “It’s always fresh in the outback”. All menu items are made fresh daily‚ and sourced from around the world to keep high quality ingredients. The specialist appetizer is bloomin’ onion while steak is the most important product. Beef required exceed all USDA standards‚ and all approved beef suppliers
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satisfaction survey: Outback Steakhouse Customer Satisfaction Survey Customer satisfaction survey: Outback Steakhouse Overview Outback Steakhouse is a multinational restaurant chain operating throughout the United States and in 18 other countries including Australia‚ Malaysia‚ Singapore and many more countries worldwide‚ (Outback Steakhouse‚ 2013). In most basic terms‚ Outback Steakhouse could be described as an Australian themed steakhouse. The restaurant
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Summary: Outback Steakhouse is a chain of casual dining restaurants positioned with an Australian theme in the United States‚ first established in 1988 by Basham‚ Gannon and Sullivan. Early financing was limited‚ considering the company did not anticipate extensive expansions and franchising came from limited partnerships from associates‚ family and friends. However‚ in 1990‚ friends approached the three entrepreneurs and asked for a franchise of the Outback Australian theme. These franchises achieved
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Tim Stanton‚ a former managing partner of an Outback Steakhouse in Knoxville‚ TN‚ who recently assumed the new position of joint-venture partner‚ and who will now be overseeing 12 restaurants located between Huntington‚ WV‚ and Pittsburgh‚ is profiled as part of Nation’s Restaurant News’ NRN 50 General Managers Orchestrating Success feature. Throughout his years at the Knoxville property‚ Stanton increased sales by a whopping 133% to $4.3 million dollars. While Stanton rewards his employees financially
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What is meant by “target market”? The focus of marketing effort is people. The goal is to reach a subset of the population who may be interested in your particular product. That group of people is your target market. The term target market is used because that market is the target at which you aim all your marketing efforts. The markets you are trying to reach are people with common characteristics that set them apart as a group. The more you know about a target market‚ the more precisely you
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The criteria used to develop the market segment for R.J. Reynolds Tobacco Co.’s new brand of cigarette called “Dakota” is mainly that of demographics‚ and psyhcographics. The target market in this case appears to be poorly educated‚ virile white females age 18-20‚ who enjoy being around their boyfriends and doing whatever their boyfriends are doing‚ for example going to “Hot Rod shows‚ Tractor Pulls‚ cruising‚ and going to parties”. This target market was most likely selected for two main reasons
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reach the target market and access all the market desired‚ without the logistics issues‚ costs‚ and decreasing the trade risks. The disadvantage of using distributors is that Chocoberry may not know who is buying the healthy chocolate bar; consequently it cannot establish relationship with them. Another risk of using distributors is that the product might be advertised and priced in a way that is not advantageous for Chocoberry‚ causing reaching the wrong target market and losing market share. To
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7.1 Target Market The target market for Fitness Network is the youth‚ students‚ and working populations. They are the majority groups that are health conscious and will frequent gyms in Singapore. This is said because research has been done and studies have shown that since they are youth‚ they have a lot of time on their hand and they are willing to pay the extra money to fill their time by doing something useful. Also parents would gladly agree to give money for them to join the gym because it
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TARGET MARKETS Market Analysis Target Market - Your target customers are those who are most likely to buy from you. Target Marketing can– Help in Clearer understanding of markets needs‚ wants and desires More specific and effective use of marketing resources (e.g. budget‚ time expertise) More strategic approach Maximize profit. Importance Steps of Market Analysis: Market Segmentation Market Size Market Dynamics Competitors Historical Background Emerging Trends Market
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