Identification of Business Model Since the existence of Panera Bread, the market for bakery-café is substantially growing, mainly because it is a “niche” market, and companies within this market have been enjoying high revenues and profits for a long time. What people in the US needed, was a fast-casual restaurant service with high quality food offered at a reasonable price. This is the sweet spot Panera Bread took eliminating McDonald’s, Subway, Wendy’s and other chains as direct competitors. It’s success lies in the business model it has, meaning that Panera Bread serving its existing and potential customers high quality food as artisan bread, sandwiches, soups and coffees at a very reasonable price, thus experiencing high growth in the past decade, more precisely having 1325 Panera Bread stores across the US and Canada. Such rapid growth is mainly achieved through franchising which will be discussed critically later in this paper.
With the two core values of Tosco: None tries hard for customers and treat them as we want them to treat (2005).Tesco is beautifully driven by its quality service and standard products. Its emphasis mainly on understanding needs of customers through highly trained and motivated employees to guarantee customer satisfaction. Tesco’s mission and vision shows that the company is driven by loyal customers (2006): [TEO3]. As the retail industry profit is steadily increasing and profiting by cash cows, Tesco’s strategic position is alaysed in this report. Dominating food and grocery retail market by almost three-fourth of all sales accounted, Tesco cemented its place to be largest retailer in UK.
Ray Kroc’s impact on society Imagine yourself being a famous man or woman who greatly impacted society by founding a fast food restaurant that is visited everyday by many Americans and makes billions of dollars every year. "The definition of salesmanship is the gentle art of letting the customer have it your way” (Ray Kroc, Burger Baron). Ray Kroc’s dad took him to a phrenologist- a specialist that could predict someone’s future by looking at the bumps on their head. Once the specialist revealed Ray’s chart, it showed that he would have a future in the fast food industry. It was either luck or actual physic power; because the phrenologist was correct (Furlong Barry William).
BUS-101 Dunkin’ “On the Go” Essay Dunkin’ Donuts is the world’s leading baked goods and coffee chain. Dunkin’ Donuts is the fastest growing quick service restaurant in the world, with more than 9,700 restaurants in 31 countries worldwide. In the United States, “Dunkin’ Donuts has more than 6,700 restaurants in 36 United States and the District of Columbia.” (news.dunkindonuts.com) Many different Dunkin’ locations were built quickly and conveniently in areas where roads were driven daily to jobs. However, an orange & pink truck bringing bagels, hot coffee, and munchkins that you couldn’t get anywhere else is delivered to you! One thing that all worksites have in common is hungry workers.
In the Canadian pizza market, Laurentian has 21%of the market share just right behind McCain. Laurentian’s management philosophies played a huge part in their success, which included a commitment to continuous improvement and consideration for the human resource and environmental impact of its business decisions. Laurentian also had a great project review process which included two plans and four constrains. Strategic plan is to identify and remove of “lost opportunity” and inefficiencies, and operating plan is to identify of continuous improvement initiatives. And the four project constraints are be consistent with business strategies; support continuous improvement; consider the human resource and environmental impact; provide a sufficient return on investment.
The introduction of Haagen-Dazs in the UK-helped by world-beating Mars count line extensions (Mars, Bounty, Galaxy, Milky, Milky Way and Snickers) into the ice-cream market in 1988 – had increased the profile of luxury ice-cream in the UK and Europe, making it the fastest-growing sector of the ice-cream market . Moreover, taking the U.S as an example, the prospects for Haagen-Dazs look good. In 1991, luxury ice-creams had taken a 47.6% share of the U.S market (as against around 16% in the UK in 1991, up from 5%in 1988), with standards and economy ice-cream accounting for 38.1% and 14.3%, respectively. Thus, Haagen-Dazs could expect many Europeans to upgrade into the luxury ice-cream market. According to experts, the brand value of Haagen-Dazs had risen steeply, from $ 250 million in 1988 to $782 million in 1993.
From kettles and toasters to cooking, cleaning and garment care, each and every product is intended with the consumer in mind to offer the decisive in performance, practicality, ease of use and style. ( http://www.russellhobbs.co.uk/about/#1) The name of Russell Hobbs recognised as a leading small kitchen appliance brand in the UK by nine out of ten consumers and has won many awards and product accreditations by leading institutes and organisations. From day one the company was always in profit. It because of the understanding capability of customer needs and demand. And also the new product innovation through introducing new technology their products are always successful in the market.
Panera Bread is a company with distinctive and effective concept and strategy which has given them a competitive advantage over its competitors in the submarket industry. Panera Bread’s strategy includes providing specialty bakery and café experience to urban workers and suburban dwellers. They specialize in fresh baked bread that made with quality and detail, made to order sandwiches, custom roasted coffees and other café beverage. Panera Bread has unique style to its menu, café design, inviting ambience with the decoration of its café locations. Panera offers their customers the chance to come in the café to order breakfast, lunch, daytime and the “chill out”- time between the breakfast and lunch and between lunch and dinner.
In 2003 the founders could see that Innocent Drinks had grown at a compound rate of 63% over the preceding four years gaining 30% of UK’s smoothie market. They felt that they were plateauing, that they had the means to keep money coming in but they wanted to grow. At the same time their investor Maurice Pinto is giving them advice “You guys should think like chef. You may spend most of your time working on the main dish, but you’ve always got something cooking, some kind of side dish, on the back burner” (Sahlman, 2004). I personally feel if a major investor in the company is prompting change then the company
Quick Service Restaurants include Taco Bell, KFC, Long John Silver’s, McDonald’s, Burger King, Domino’s, Subways and Wendy’s. Casual Dining Restaurants include Pizza Hut, A&W Restaurants, Olive Garden and Red Lobster. Yum is consistently one of the best performing companies within its industry. Demographics, consumer tastes, and personal income drive demand. The profitability of individual companies can vary.