Five Guys Research Paper

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Entrepreneurial Leadership Yashiqua Jenkins Prof. Victoria Figiel BUS508 –Contemporary Business Strayer University October 28, 2012 An idea is all it takes to ignite the process to start a business. To find a need of the people for a particular product or service and expand on it in order to make a profit is what many entrepreneurs do to start their company. A perfect example is the formation of Five Guys Burgers and Fries by the Murrell family. Their desire to focus on providing the consumer with quality burgers and fries have led them to be very successful in a short amount of time. This paper will determine how Five Guys’ philosophy sets it apart from other fast-food chains. Then, the original values for the start-up company…show more content…
Not only have their menu remained the same but so have their suppliers. They have been getting their beef from the same supplier for more years than Murrel can actually remember, and use Idaho potatoes instead of faster-growing cheaper potatoes from Florida and California (Melnick, 2011). Socially they set out to continually provide customers with their fresh made to order burgers and fries along with fresh add-on items like jalapenos and onions to name a few. Five Guys focuses on using their money to produce high quality food and still till this day do not advertise. Instead the company uses the money that would go to advertising to encourage employees to be courteous, clean, and proficient and food preparation. As mentioned early Five Guys ensures their employees performance by conducting two audits every week. Five Guys collects 1.5 from all of its franchises and gives bonuses to the crews that receive the highest score on the weekly audits (Welch, 2010). In closing, this paper has determined how Five Guys’ philosophy sets it apart from other fast-food chains. Then, the original values for the start-up company and how it remains strong today was analyzed. Next, three (3) factors that contributed to Five Guys’ success in such a short time and what effect, if any, external markets had on these factors were explained. Finally, the paper discussed how ethical and social practices are part of the Five Guys’…show more content…
(2012). Contemporary Business 14th edition. Hoboken: Wiley & Sons. Garrett, J. (2010, August 24). Five Guys Burgers and Fries: A fast food success story. Retrieved October 24, 2012, from helium.com: http://www.helium.com/items/1932674-about-five-guys-burgers-and-fries Gonya, L. (2010, August 31). Five Guys Burgers and Fries: A fast food success story. Retrieved October 28, 2012, from helium.com: http://www.helium.com/items/1938723-five-guys-burgers-and-fries Melnick, J. (2011, August). The Runaway Hit. Retrieved October 28, 2012, from qsrmagazine.com: http://www.qsrmagazine.com/qsr-50/runaway-hit Welch, L. (2010, April 01). How I Did It: Jerry Murrell, Five Guys Burgers and Fries. Retrieved October 28, 2012, from Inc.com: http://www.inc.com/magazine/20100401/jerry-murrell-five-guys-burgers-and-fries_pagen_2.html Yu, R. (2009, June 08). Fast-growing Five Guys burger chain sticks to basic, fresh food. Retrieved October 28, 2012, from USA Today:

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