Preview

Ingredients for Success of Five Guys and Fries

Powerful Essays
Open Document
Open Document
1964 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ingredients for Success of Five Guys and Fries
Ingredients for Success of Five Guys Burgers and Fries
By
Edna Odish
Contemporary Business
Dr. Ronna Campbell
Oct.23th, 20012

Determine how Five Guys’ philosophy sets it apart from other fast-food chains. In my opinion what makes Five Guys’ Burgers and Fries different from other fast food chains are the following characteristics: a) Quality: Ingredients such as meat which cannot be frozen, bread which has to be made at least the night before and potatoes produced in locations that allow them to keep their richest nutrients, do not come cheap. But, the fact that Five Guys’ Burgers and Fries decided to make their food only out of fresh products, regardless of the cost, indicates that their target market is people who care about taste, which is why Jerry Murrell focus on “NO cut corners, but the best is priceless”. (Welch. 2010) b) Options: The customers have the opportunity to customize their burgers to their preferences, choosing from seventeen toppings without extra charge. This is also an example of a new strategy used to capture higher market share in the industry, in which companies are force to come up with, constantly, due to the intensive competitive characteristic of the fast food industry. (Hussein, Et all. 2011) c) Dedication: At Five Guys they take their time to prepare everyone’s meals according to their particular preferences even though it demands extra time and dedication. It is this dedication and time what separates them from common fast food chains where time is measured and food is already prepared or frozen, thereby losing its original flavor. (Burke, Monte. 2012) d) Their type of Marketing: Based on what Jerry Murrell said about treating the customer right and he will sell for you. (Campbell. 2011), I believe that the Five Guys’ Burgers and Fries focus their marketing on customer service and the word of mouth. While others expend a lot of money in marketing, they take certain amount of money and encourage their



References: Burke, Monte. (2012). Five Guys Burgers: America’s Fasted Growing Restaurant Chain. Forbes Magazine. August 6, 2012. Retrieved on October 18th from http://www.forbes.com/forbes/2012/0806/restaurant-chefs-12-five-guys-jerry-murrell-all-in-the-family.html Campbell, Twyla. (2011). Five Guys’ Burgers and Fries: The American Invasion. It’s a Weird, wild, and wonderful Life. Retrieved October 20, 2012 from http://weirdwildandwonderful.blogspot.com/2011/02/five-guys-burgers-and-fries-american.html Heffern, Rich.(2002). Dinners and Dining; Ethics; Food; Aesthetics.The Ethics of Eating. Vol. 38 p 13. Hossein, Nezaki; Noor, Ali; Shaheen, Mansori; & Amirhossein, Noghondari. (2011). Adoption and Diffusion of Innovations in Fast Food Industries. Australian Journal of Basic & Applied Sciences, 833, INSInet Publications. Hossein, Nezaki; Noor, Ali; Shaheen, Mansori; & Amirhossein, Noghondari. (2011). Market Value; Convenience Foods;Food Industry; Australian Journal of Basic & Applied Sciences. P 1271-1276. INSInet Publications. Rosenwald, Michael. (2006). Five Guys, Taking a Bigger Bite.Washington Post. Staff Writer. Retrieved on October 15, 2012 From http://www.washingtonpost.com/wp-dyn/content/article/2006/04/02/AR2006040200723.html Sailor, Jimmy. (2011). Five Guys: Burger Heaven. Dothan Eagle. Published May 25, 2011. Welch, Liz. (2010). How I did it. Inc.com. Retrieved on October 15, 2012 from http://www.inc.com/welcome.html?destination=http://www.inc.com/magazine/20100401/jerry-murrell-five-guys-burgers-and-fries_pagen_2.html

You May Also Find These Documents Helpful

  • Good Essays

    According to Martinez and Kaufman’s “Twenty Years of Competition Reshape the U.S. Food Marketing System,” the food market is becoming increasingly competitive. Over the last 20 years there have been tremendous changes in the way food is bought in the retail market. Consumers are looking for value and differentiation and the retailers are working hard to follow.…

    • 559 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Since the opening of Chick-Fil-A, they have received over 2 billion dollars in sales. The company’s great recipe for success is due to the marketing strategy of product, price, place, and promotion. The additional two P’s, purpose and people, also give a hand in the success. Purpose, guiding the company’s strategy planning process, and people, being key to implementing strategy. For the company, product itself is the fact that the food is made fresh every day, only making just enough inventory to sell. They found that customers reward great product. Since Chick-Fil-A makes their product, using the very best resources they can, the customers are willing to pay full price. Keeping the customers in mind, the restaurant keeps a simple, yet high quality menu. The simple chicken sandwich with the two crucial pickles set the tone for the menu. The restaurant keeps a two-prong approach to their menu, referring to it as a menu of choice, providing nutritional goals of health, (grilled chicken, wraps, salads, etc.) and other items for those less focused on that approach, (milk-shakes, waffle fries, classic chicken sandwich). Keeping these elements has developed a loyal customer following for the food chain. Customers have proven that they’ll pay full price for a quality meal, therefore, Chick-Fil-A continues with their succeeding marketing strategy. As said in the video, “pricing is not just about the product itself, it’s about the overall experience, meaning that if you give the customers what they pay for, they will continue to use your business.…

    • 774 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In Eric Schlosser’s “Fast Food Nation: Why the Fries Taste Good”, Schlosser reveals the secret behind the tasty fries from fast food chains and let readers know how the fries are actually made. To give readers a sense of perspective, Schlosser includes history, market supply, science and production of the fries in his investigative piece.…

    • 778 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Bus508

    • 1077 Words
    • 5 Pages

    3. Laura Wood (2012, October 23)."Research and Markets: Five Guys: The "better burger" restaurant 's success story is indicative of a change in tastes." M2 Press WIRE, Retrieved from: http://elibrary.bigchalk.com…

    • 1077 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Five Guys Burgers

    • 1055 Words
    • 5 Pages

    These are the five concepts that set Five Guys burgers apart from other fast food chains. If you look at Mac Donald’s they sell burgers, chicken sandwiches, salads, burritos, ice cream, milkshake and they even have a breakfast menu, same as Burger King and Wendy’s. You can also look at Pizza Hut and Dominos. They are originally Pizza fast food chain and now they have added pasta burrito and chicken wings to their menu.…

    • 1055 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The concept of customized, friendly and healthy fast food has never been seen across the chain or franchise. There are more strengths and opportunities than weakness and threats indicating that the company has the potential to even grow and expand further based on the principles and planning that it has followed.…

    • 1387 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Five Guys

    • 1624 Words
    • 7 Pages

    Over the years, Jerry has stood by his original value to just sell burgers and fries and execute it well (Joiner, 2012). His philosophies have remained strong and his success can be attributed to three main factors: Product specialization, human resources, and branding. Product specialization, has given Five Guys the competitive differentiation they need in the market. Burgers are made to order and fresh never frozen with up to 15 free toppings (Boone, 2012, p. 78). This leads to over 250,000 burger combinations (FGH, 2012). Under FAQ’s they only use 80/20 chuck ground beef for quality and cow fat is absent. They always cook their burgers well done to ensure a consistent juicy flavored product across the board that meets health code standards (FGH,…

    • 1624 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Fast Food Nation: The Dark Side of the All-American Meal. Eric Schlosser. New York, NY: Houghton Mifflin Company, 2001, 383 pp. Notes. $13.95.…

    • 467 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In Fast Food Nation Eric Schlosser expands on why Americans should ditch fast food restaurants. He explores the origin of the most successful fast food chains, including McDonalds, Taco Bell, and Burger King. Split up into different sections, Schlosser describes the unsanitary kitchens, the underpaid employees, and the unsafe meatpacking industry. Above all the common theme found throughout this nonfiction book is the underlying greed found throughout the entire fast food industry.…

    • 731 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Five Guys is a fast casual restaurant chain that originated in Arlington, Virginia[->0] within the Washington Metropolitan Area[->1]. The chain sells mainly hamburgers[->2], hot dogs[->3] and French Fries[->4]. Five Guys enterprises has grown from a single family owned restaurant to a franchise with 450 locations in thirty states. Five Guys opened its doors to Arlington, Virginia in 1986. The restaurant was started by four brothers who were given the choice to start a business or go to college by their parents. The burger and fry shop drew in a ‘cult-like’ clientele base which demanded the opening of four additional locations in the Metro D.C. area between 1986 and 2001.…

    • 1149 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Mcdonald's Case Analysis

    • 1888 Words
    • 8 Pages

    With the numerous fast-food chains found everywhere today, one can agree that rivalry is none other than a threat to the McDonald's Corporation. Any one of these restaurants has opportunity to formulate strategic plans to gain advantage without the competitors knowing. From the case, Coulter notes that the industry growth is slowing for fast food restaurants as well since the aging population prefers "full service" dining as opposed to a quick, but unhealthy meal. Switching costs are low as competitors like Burger King or Wendy's provide the same type of burger offerings. If the "rule of three" is inevitably a phenomenon that is true, than potential entrants will be limited and would not be a threat to McDonald's. The burger industry then remains at the aforementioned restaurants—Wendy's and Burger King. Bargaining power for fast-food diners are high in McDonald's situation. This can be attributed to the products offered as being undifferentiated, low switching costs, and the majority of diners coming from low income groups. Low-income customers will look for ways to reduce cost and that often means reducing costs of purchasing goods. This concept is proven by the company's roll out of the value menu where most essential products are offered for $1. Bargaining…

    • 1888 Words
    • 8 Pages
    Good Essays
  • Good Essays

    McDonald's and Burger King remain two of the most popular fast food restaurant choices for those looking for food on the fly. Both of these establishments serve a variety of hot sandwiches, fries, and sodas as well as offering some healthy alternatives, such as salads and fruit. However, whether they call it a Whopper or a Big Mac, the components make it a hamburger, that most American of American fast foods., In order to choose between them, one must look deeper than the menu. Both Burger King and McDonald's offer their customers quick, easy, and inexpensive meals, but they show marked differences in their approach to food preparation, customer service, and advertising.…

    • 1090 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The global fast food market has in recent years, witnessed a significant boom, especially in Asia and Africa. In response to this, Burger…

    • 8084 Words
    • 29 Pages
    Powerful Essays
  • Satisfactory Essays

    Packaged Food in Taiwan

    • 281 Words
    • 2 Pages

    The health and wellness trend impacted packaged food, and companies developed and launched new products with healthy ingredients to boost value sales. In addition, the innovations not only surrounded the health and wellness trend, but the launch of new flavours and variants also added novelty to packaged food. Manufacturers tend to use innovations to sharpen brand image, test the preference of consumers and meet fast-changing consumer needs.…

    • 281 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    It was found by our comprehensive market research that the 4 P’s of marketing are the most vital elements for Mr Burger . The customers looks to select fast food restaurant which gives the best value for money. The one that has the best quality of food, the most well priced , the one that has excellent ambiance and surroundings, the one that is most convenient to go to and the one that is recognized as a strong brand that gives the maximum facilities to the customers.…

    • 2073 Words
    • 9 Pages
    Good Essays