2010‚Date: 12th April 2010 Asian Institute of Management‚Manila 1 Company Background KFC Corp‚ owned by YUM brands is one of the oldest(1952) and most popular chicken and food restaurant in the world. Other restaurants under YUM brands are Taco Bell‚ Pizza hut‚ Long John Silver’s and A&W KFC primarily sells chicken pieces‚ wraps‚ salads and sandwiches. While its primary focus is fried chicken‚ KFC also offers a line of other meat products suiting to local palate. In India they opened in 1995
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Profit vs. Not-for-Profit Organization A nonprofit organization is formed for the common good of the public. Nonprofit organizations are usually formed for some specific religious‚ charitable or educational purpose. A for-profit organization may be formed to conduct any number of lawful business activities. The primary reason to form a for-profit organization is to earn a profit for the owners of the company. Use of Profits Since a not-for-profit organization is formed to accomplish a specific
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Case Study 2 Introduction KFC China is a quick service restaurant that’s has dominated the local fast-food market. Marketing has significantly contributed to its success. This report covers KFC-China’s current localized marketing strategy consisting of product‚ promotion price and placement strategies. It will also discuss the potential issues that may affect business operations in the near future‚ these include; increasing costs‚ emerging seniors market‚ economic slowdown and supplier issues
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Company’s Profile Harland Sanders was born in 1890 and raised on a farm outside Henryville‚ Indiana. His father died when he was five years old‚ forcing his mother to work at a canning plant‚ and leaving her eldest son to care for his two younger siblings. After he reached seven years of age‚ his mother taught him how to cook. After leaving the family home at the age of 12‚ Sanders passed through several professions‚ with mixed success. In 1930‚ he took over a Shell filling station on U.S. Route
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HEALTH CARE Year of establishment 1936 Revenue for the current year 26.1749(USD in millions) Market Capitalization 1686.607351( RS. in millions) Industry Pharmaceuticals Total Income 1393.532573(Million rupees on year ending march 2013) Net Profit 121.196237 INTRDUCTION: There are two types of prospective financial statements. 1. Projected financial statement 2. Forecasted financial statement These statements attempt to reflect company’s expected financial position and expected results
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their product offering‚ increase usage per customer and even convert non-users into customers. At this stage‚ the primary goal of a given firm is to maintain market share. The food service industry‚ as is the fast-food industry‚ is typified by franchising which became well-established in the early 1950s. The concept held and in 1994 there were over 550‚ 000 restaurants and food outlets in America. Although the industry in 1994 was slowing‚ that is not to say that it was not growing. Food service
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|Organization |: |KFC | | |Industry |: |Fast Foods | | |Countries |: |India | | Abstract: The case highlights the ethical issues involved in Kentucky Fried Chicken’s (KFC) business operations
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Introduction: KFC Corporation‚ based in Louisville‚ Ky.‚ is the world’s most popular chicken restaurant chain specializing in Original Recipe®‚ Extra Crispy™ and Colonel’s Crispy Strips® with home-style sides‚ Honey BBQ Wings‚ and freshly made chicken sandwiches. There are more than 14‚000 KFC outlets in more than 80 countries and territories around the world‚ serving some 12 million customers each day. KFC Corporation is a subsidiary of Yum! Brands‚ Inc.‚ Louisville‚ Ky. KFC is a brand and operating
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customers daily. The corporation started as a small drive-thru restaurant in 1948 by Dick and Mac McDonald. Ray Kroc saw the great opportunity in this fast-food and advised the two brothers to expand its operation and open new restaurants. Ray acquired franchising rights from the owners‚ the McDonald brothers and then‚ founded McDonald’s Corporation in 1955. In 1967‚ McDonald’s expanded its operations to countries outside U.S.A. McDonald started its quality journey by Ray whom was relentless in his pursuit
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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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