Preview

Cafe de Coral

Good Essays
Open Document
Open Document
3278 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cafe de Coral
The Hong Kong Management Association
Diploma in Management Studies

Spring Term 2013
Management Project
A Two-Year Strategic Business Plan of Café de Coral in Hong Kong Fast Food Industry.

Cover Sheet

2. INTRODUCTION
2.1 Company History & Background
Café de Coral Group (0341) is the largest publicly listed Chinese fast food restaurant group in the world. The Group is principally engaged in the operation of quick service and specialty restaurants chain, with vertical and horizontal diversification in institutional catering and food processing business.
The Group was incorporated in October 1968 and went public in July 1986 on the Stock Exchange of Hong Kong, which was the first of its kind at the time of listing. In October, it was appointed as one of the top 200 constituents of The Heng Seng Composite Index Series. After 42 years of development, if has become the market leader in the Hong Kong fast food industry and the largest national brand for Chinese quick service restaurant in Canada, with over 24.8% market share in the Quick Service Restaurant segment and 4.6% of the total dining out industry in Hong Kong. Its business operation spans over 2 continents with more than 300 operating units in Hong Kong, over 100 outlets in China as well as more than 140 units in North America.
Below is a Café de Coral’s organization chart.

2.2 Company Motto & Mission
The trade-name “Café de Coral” originates from the Chinese ideal of togetherness, forming a three- word logo literally meaning that both the shareholders, the customers and the staff, should be “all happy together” at “Café de Coral”.
The corporate motto”A Hundred Points of Excellence” reflects their commitment to strive for excellence, as they make strategic business moves in a rapidly changing world. Profit is only a by-product of their undeviating pursuit of excellence to 100%.
Their Mission is“To establish Café de Coral Holdings as a distinguished corporation in the food and

You May Also Find These Documents Helpful

  • Good Essays

    Corazons Cafe

    • 708 Words
    • 3 Pages

    In Judith Ortiz Cofer’s short story “Corazon’s Café,” love is shown throughout the piece of literature. Corazon and Manuel’s love is found to be unconditional despite the trials and tribulations Corazon goes through. Manuel had a dream of opening a bodega in their neighborhood area. Corazon helps him to achieve that dream, but unfortunately later he passes away. Corazon uses the love for Manuel to help her overcome her fears, the losses she experiences, and the loneliness.…

    • 708 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Food Service Business Plan

    • 3942 Words
    • 16 Pages

    [Our name] has the ambition to become the fastest growing restaurant chain in Canada. We encourage strong work ethics, innovation and reward staff for goals accomplished. With continued support and development for our employees, we mold [our name] as an attractive atmosphere for talented and unique individuals.…

    • 3942 Words
    • 16 Pages
    Better Essays
  • Powerful Essays

    able to penetrate into the different markets and establish itself as one of the most popular eateries.…

    • 3138 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Organisation Design

    • 1035 Words
    • 5 Pages

    “Brand that has developed internally with everything that makes a great little idea, a great little sleep which translates into a powerful philosophy that gradually grows into a model to study, imitates, admires, and encourages investment. For our organization we have been developing culinary concepts whose aspiration, from the beginning, was not only their internationalization , but also their segmentation, as understood from the beginning that the restaurants are not generic scenarios but spaces for different audiences, for different times, for different economies . When we started the restaurant " Astrid and Gastón "twelve years ago, we did it with a capital of $ 45.000, provided by family and friends without much faith, but with a great love for us. After 5 years, and after have finally found our philosophy, after having defined conceptually as Peruvian gourmet restaurant, which allowed us to position ourselves at the top of the pyramid of culinary market segmentation, made our first foray abroad in Chile, where the cuisine already had a great recognition. Prizes soon arrived, and then came Colombia, Ecuador, and now, Venezuela, Panama and Mexico. Today each of the premises located in these countries is not only profitable, but also, is recognized as a leader and benchmark for haute cuisine in each place. That's right: Peruvian haute cuisine closely with the French, Spanish, Italian, etc”- Gastón Acurio.…

    • 1035 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Tang

    • 501 Words
    • 2 Pages

    "Our aim is to be North America's best food and beverage company, and we'll get there by continuing to offer products consumers love, creating a performance-based culture that motivates and excites employees and becoming the best investment in the industry."…

    • 501 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Contribution

    • 1441 Words
    • 6 Pages

    Café de Coral (Chinese: 大家樂; Cantonese Yale: daai6 gaa1 lok6, SEHK: 0341, Grey Market: CFCGY) is a fast food restaurant group which owns and operates fast food chains and restaurants including Café de Coral, The Spaghetti House, Manchu Wok, Oliver 's Super Sandwiches, Ah Yee Leng Tong, and others.…

    • 1441 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The reason why we choose Café de Coral Group as our target company is its stable finance source. According to the data from Google finance, the last price is $26.6 and the cash per share ratio is 1.81 which shows that it has excessive cash. Also, the total debt per asset ratio in recent years is 0 which illustrates that the company nearly doesn’t have debt. Furthermore, it has low valuation as the price to book ratio is 4.13. Moreover, Café de Coral Group is profitable due to the return on equity in recent years is 15.97 which is positive. Therefore, after analyzing different ratios of Café de Coral Group, we believe that it is a suitable company to offer a special dividend…

    • 1137 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Cafe de Coral

    • 1776 Words
    • 8 Pages

    The Cafe de Coral Group was incorporated in 1968, but it would not be until September 1969 when it opened its first Café de Coral restaurant in Causeway Bay. The chain gradually expanded over the next decade and went on air in 1977 when it promoted its restaurants through TV commercials. In 1979, Café de Coral established its first food processing plant, a move commonly taken to lower costs and ensures consistency. In 1986, the Café de Coral Group finally went public, and in 1988, it hit a major milestone by opening up its 50th Café de Coral restaurant. The years after this would be marked by diversification when it went on a buying spree. The company currently caters to an average of over 300,000 customers a day and becomes undisputed market leader in the industry.…

    • 1776 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Since 1968 Cafe de Coral opened its first restaurant in Causeway Bay, Hong Kong. There were 11 Cafe de Coral restaurants until 1980, but somehow, they were not all fully self-serving as nowadays. Since the consumer behavior back to the 1970s was traditional, self-serving was a new idea in the market, these caused a big impact to their business. Cafe de Coral management did a lot of hard works like promotion on how does the self-serving mean and work, arranging stationary staff to help the necessary customers. All these public relationship works had gained their business be back on track.…

    • 1695 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Café de Coral is one of the restaurants under Café de Coral Group. It is a Chinese restaurant chain. The first Café de Coral foothold on Sugar Street, Causeway Bay in 1968. Nowadays, Café de Coral has over 140 restaurants and serving more than 300,000 Hong Kong customers on an average day. It seems Café de Coral is a popular choice when Hong Kong citizen dinning outside.…

    • 1825 Words
    • 8 Pages
    Good Essays
  • Best Essays

    Cafe De Coral analysis

    • 2888 Words
    • 12 Pages

    Café De Coral is doing well in its management and marketing strategies. In 2006, Café De Coral launched “Club 100” membership scheme, in order to provide discount. This marketing strategy focuses on consolidating and increasing the loyal customers. Until 2011, the Club 100 members reach 160,000.…

    • 2888 Words
    • 12 Pages
    Best Essays
  • Satisfactory Essays

    Cafe de Coral

    • 347 Words
    • 2 Pages

    Café de Coral provides lots of compensations & benefits to the employees, these are include: Shared Options, Incentive payments, Housing Allowance & Retirement Scheme.…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mcdonald in Hong Kong

    • 477 Words
    • 2 Pages

    McDonald’s is one of the largest chain of fast food enterprises in the world. Nowadays, McDonald's brand has more than 31,000 fast-food restaurant, located in 121 countries and regions. McDonald's restaurant industry has become the world's most valuable brands. However, McDonald’s face a big problem about business sales in Hong Kong.…

    • 477 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The goals of Café De Coral are “A hundred points of Excellence” reflects the commitment to strive for excellence. It provides comfortable environment and great service attitude in order to gain customer satisfaction. It makes strategic business moves in a rapidly changing world. Café De Coral established concentration of the growth strategy, to increase the number of market served. Corporate believes, China economy is growing rapidly; it is a great opportunity to extend their market in China. In the following 5 years, company will extend their China’s market, from 100 shops into 300 shops. Moreover, Café De Coral uses competitive strategy to compete with two main competitors, Fairwood and Maxim. Hong Kong is the main market to these three companies, they uses different pricing strategy to compete against others.…

    • 1488 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Fast Food Industry

    • 1491 Words
    • 6 Pages

    Hong Kong is a city in which efficiency and speed are demanded and expected. This living style affected the eating habits of Hong Kong people. People tends to dinning out and are more interested in prepared food which can be served quickly or allow them to take away in order to saving time, fast food restaurant where provide western burger, chicken, and pizza. This paper analyzes the fast food industry structure in Hong Kong and evaluate whether this is an attractive sector to compete in by Five Force Model. Secondly, identify the “critical success factors” which performance in the sector now and in the near future.…

    • 1491 Words
    • 6 Pages
    Powerful Essays