The chain's growth into the 1980's brought about a whole series of new product introductions: muffins (1981), cakes (1981), pies (1982), croissants (1983), cookies (1984), and soups & chili (1985). Sandwiches, which were originally introduced in 1993, were re-introduced as a new and improved line-up of 6 varieties, called "Tim's Own", in 1998. Also, in the 1990's, bagels (1996), flavored cappuccino (1997), Café Mocha (1999) and Iced Cappuccino (1999) were introduced. In 2003, the Turkey Bacon Club sandwich and Maple Pecan Danish were successful menu additions. In 2005 Tim Hortons introduced, Yogurt & Berries, Cinnamon Roll and Hot Smoothee to the menu.
Today McDonald’s restaurants are in 117 countries around the world. After that in 1968, the famous Big Mac was added to the national menu. The Egg McMuffin was added to the breakfast menu in 1975. The popular Happy Meals for children were introduced to the national menu in 1979. In 2009, McCafe coffees including lattes, cappuccinos and mochas were added to the national menu.
Nowadays, Tim Horton’s offer over 35 different varieties of products include coffee, donuts, timbits, bagels, muffins, soups, sandwiches and iced cappuccinos. “The chain's focus on top quality, always fresh product, value, great service and community leadership has allowed it to grow into the largest quick service restaurant chain in Canada”. (The
Dunkin Donuts Business Case Analysis Project Business 1010 Winter 2013 Company Description Dunkin Donuts was founded in 1950 by William Rosenberg, an entrepreneur who is known as a “visionary” by success magazine, “the father of franchising as we know it today” by restaurant News, and is well known as one of the most influential and innovative individuals that the food service industry has even known” stated Alan Gould. [pic] Products and Services The Dunkin Donuts menu consists of a variety of different types of beverages ranging from hot, iced, frozen and your own brew at home drinks. Dunkin donuts also offers food fresh from the bakery which includes donuts, bagels, cookies, munchkins, danishes, muffins, and many other great choices. One great thing about Dunkin Donuts is their variety of foods and items, they Dunkin donuts franchise offers breakfast sandwiches on English muffins, croissants, bagels and wraps. The franchise offers breakfast sandwiches in the morning and also other types of sandwiches including chicken salad, ham and cheese and many other options during the later hours of the day.
STRENGTHS: 1. Panera Bread has 1399 bakery-cafes in 40 states and in Ontario Canada operating under the Panera Bread®, Saint Louis Bread Co.® and Paradise Bakery & Café® names, delivering fresh, authentic artisan bread served in a warm environment by engaging associates (“Company overview”, n.d., Our history). Moreover, Panera Bread was named Most Popular (for chain restaurants with less than 5000 outlets) by Zagat, the trusted restaurant review service, in its annual consumer-generated 2009 National Restaurants Chain survey for eating on-the-go. (“Company overview”, n.d., 2009 Awards & Recognition). 2.
Based on the case, the company had 910 locations in 2006 competing with the top restaurant chains in the USA such as Mc Donald’s and Starbucks. Their uniqueness gave them a competitive advantage above the rest, leading to their great success in these years. It is clear from the case that Panera Bread constantly review their strategy. We feel that this has enabled the company to enhance their performance. They have changed their business strategy on a number of occasions by offering different products and services.
12B Capital Budgeting Methods and Cash Flow Estimation Tasty Foods Corporation (Part A) Directed Tasty Foods Corporation is a food conglomerate with major product lines of cereals, frozen dinners, and canned sodas and fruit juices. The firm was founded in 1955 by Henry Abercrombie, an ambitious college graduate who had just acquired a small inheritance and who wanted to be his own boss. Equipped with an idea for an instant hot cereal, Henry founded Tasty Foods. The instant hot cereal was well received by the public, and through Henry’s industriousness, his superior ideas, and his excellent business instincts, the company expanded considerably during its 40-plus years of existence, both by acquisitions and innovative product ideas. Three years ago, because of his age and declining health, Henry hired his daughter, Abigail, as a management trainee with the intention that she would eventually succeed him as president of the company.
This included changes to the menu and the dining atmosphere. Their vision was to create a specialty café with an authentic, fresh-dough artisan bakery and upscale quick-service menu selections. The acquisition of the Saint Louis Bread Company proved to be very successful for Au Bon Pain. They were able to open over 100 new locations, and the average unit volumes at the overhauled locations increased by 75% between 1993 and 1997. In 1997, the bakery-cafés were renamed Panera Bread in markets outside of St Louis.
The Smucker products began to be distributed nationally in 1942, and by 1948 the company had expanded its product line to include ice cream toppings. The company prides itself on meeting or exceeding customer expectations. Over the years Smuckers has acquired many different household brands such as Pillsbury, Jif, Crisco, Hungary Jack, and Folgers. Key Statistics Smucker reported sales of $4.6 billion in 2010 and profits of $494 million in that same year. In 2010 the company was the market leader in eleven food categories including fruit spreads and dessert topping, roasted and ground coffee, health and natural beverages, peanut butter, cooking oil, and condensed and evaporated milk.
It only makes sense that these high-achievers would eventually demand greatness from their meals. Frasca, opened in 2004 by Bobby Stuckey and chef Lachlan Mackinnon-Patterson has received national acclaim (Knowlton). The foodie buzz had spread around town too, highlighting restaurants such as the Kitchen and Radda, both casual spots with an organic focus plus bars that are popular with locals. “Ava bean crostini, beet risotto cake, two pizzas; house-made mozzarella salad; pork bun, duck pancakes, fried brussels sprout leaves; three beers, two cocktails, and one bottle of wine” is an example of what you can expect to encounter as some of the few entrees to feast on in this considerable town (Fish). What propels this exquisite need for such delicious food?