Kfc Strategy

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Kentucky Fried Chicken and the Global Fast food Industry

Complete an external analysis of KFC including a stakeholder (outside of KFC) analysis External Analysis = economic, political, social, ecological, technological, International Environment

Economic Factors
1.Prime interest rates
2.Inflation rates
3.Trends in the growth of the gross national product
4.Unemployment rates
5.Globalization of the economy
Social Factors
Present in the external environment:
–Beliefs & Values
–Attitudes & Opinions
Developed from:
–Cultural conditioning
–Ecological conditioning
–Demographic makeup
–Ethnic conditioning.
Political Factors
Political constraints on firms:
•Fair-trade Decisions
•Antitrust Laws
•Tax Programs
•Minimum Wage Legislation
•Pollution and Pricing Policies
•Administrative jawboning
Technological Factors
•Technological forecasting helps protect and improve the profitability of firms in growing industries. •It alerts strategic managers to impending challenges and promising opportunities. •The key to beneficial forecasting of technological advancement lies in accurately predicting future technological capabilities and their probable impacts.

Ecological Factors
•Ecology refers to the relationships among human beings and other living things and the air, soil, and water that support them. •Threats to our life-supporting ecology caused principally by human activities in an industrial society are commonly referred to as pollution •Loss of habitat and biodiversity

•Environmental legislation

External Environment
A firm's external environment consists of all the conditions and forces that affect its strategic options and define its competitive situation. The Strategic management model shows the external environment as three interactive segments: the remote, industry, and operating environments. Stakeholder Analysis

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