Entreprenuership Assignment Essay

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Case Study (Individual Assignment) Q1. How has Panera Bread established a unique position in the restaurant industry? How has this unique position contributed to the firm’s success? Do you think Panera Bread will reach its goal of becoming a leading national brand in the restaurant industry? Why or why not? Panera Bread established a unique position in the market due to their emergence into the fast casual market. Fast casual is basically good food that is also served fast. The people nowadays lack time hence food that is served fast typically has very high demand. Though, the negative part is that most of this kind of food falls into the category of fast food. This category of food is deemed to be unhealthy and low quality food although its service speed is quick. Examples of restaurants that fall into this group are restaurants such as famous fast food restaurants such as McDonalds, KFC, Wendy’s and so on. On the other hand, there also kinds of restaurants which serve good food with high quality but their disadvantage is the time taken for service and preparation is slow. Examples of restaurants that fall into this category would be Chili’s, Red Lobster and so on. There is something lacking in the both of this groups. What if both the positives were added and the negatives subtracted? Hence, when Panera Bread jumped into the boat of serving good and quality food as well as serving their food with good speed in an enjoyable environment. Where has this led them? This caused the emergence of fast casual where good and healthy food is served fast. This gives them a unique position in the market. Due to this, they create an attraction to the public because the food they serve has higher quality than fast food and is served faster than food served at casual dining restaurants. This has given them a unique position and an advantage over their rivals in the same

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