Research on Jmmb & Golden Krust

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Golden Krust Bakery & Jamaica Money Market Brokers

A Business Overview of Golden Krust and Jamaica Money Market Brokers

MGMT2008 (MS22A): Organizational Behaviour
Lecturer: Dr. H.R.L
Date Submitted: Wednesday March 06, 2013
Assignment: Group Research Paper
Done By: Students at the University of the west Indies Mona , Jamaica

Table of Contents

TopicsPages
Golden Krust Bakery
Overview 1
Ownership of the Organization2
Organization Mission & Vision3
Challenges faced in the Development of the Organization4 Accomplishments6
Issues of Leadership7
Jamaica Money Market Broker
Overview 8
Ownership of the Organization9
Organization Mission &Vision10
Challenges faced in the Development of the Organization11 Accomplishments12
Issues of Leadership14
Theories or Concept Applicable to the Research Project15 Development of the Research Group17
Reference 19
Appendices20

GOLDEN KRUST BAKERY
OVERVIEW
Golden Krust Caribbean Bakery and Grill a privately family owned corporation located in Bronx, New York. They are the manufacturer and distributor of Caribbean food products. Golden Krust is the brain-child of Ephraim and Mavis Hawthorne. The bakery initially started in a rural city of St. Andrew, Jamaica called Border in 1949 .They had no idea that their dream would blossom into a global business with over 120 stores in nine (9) states. In 1989, Lowell along with his wife Lorna, four of his siblings and their spouses pooled all their resources to open the first Golden Krust retail location in Bronx, New York. The five siblings and their spouses then elected Lowell Hawthorne to be their President and CEO. The tight-knit Hawthorne family has built this company over the past twenty four (24) years through hard work, preservation and dedication to success. By 1996 they owned 17 restaurants throughout New York City. The business became so successful that the Hawthorne’s were encouraged to create franchises and they seized the opportunity. In that same year, Golden Krust became the first Caribbean-owned business in the US to be granted a franchised license. Today, Golden Krust Caribbean Bakery & Grill operates a chain of over 100 Restaurants in nine states. There are plans to open an additional 250 stores over the next five years in the U.S., Europe, Canada, and the Caribbean. Even though Golden Krust Caribbean Bakery & Grill faces competition from companies such as Caribbean Food Delights, Royal Caribbean Bakery, and Tower Isles, GKB is still the leading company with majority market stake in America.

LEVELS OF OWNERSHIP OF THE ORGANIZTAION
Golden Krust caribbean Bakery and Grill is strictly a family owned corperation. Lowell Hawthrone is the President and Chief Executive Officer. The corperation is then managed by the other sibbling as listed below. * Leroy Hawthorne-Vice President of Retail Sales

* Haywood Hawthorne-Vice President of Manufacturing & Information Technology * Lorraine Hawthorne-Morrison-Vice President of Real Estate & Legal * Lorna Hawthorne-Human Resource Director

* Herma Hawthorne-Director of Franchise Development
* Steven Ament-Vice President of Franchise Field Operations * Darren Hanson-Director of Construction & Design
* Candice Richards-Director of Marketing
* Erica Hanson-National Operations Manager
* Kareen Murray-Controller

MISSION & VISION STATEMENT
MISSION STATEMENT
To provide our:
* Consumers with authentic, tasty Jamaicans patties and relevant Caribbean cuisine in convenient settings...
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