Preview

Taco Bell

Powerful Essays
Open Document
Open Document
1789 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Taco Bell
Summary
Justification
1.0 Introduction
1.1 Definition of Marketing 1.2 Consumer Behaviour 1.3 Advertising 1.4 Distribution
2.0 Taco Bell Corp 2.1 History of Taco Bell Corp 2.2 Taco Bell Menus 2.3 Promotion 2.4 What kind of marketing strategies Taco Bell use 2.4.1 1996 “April Fool” 2.4.2 2013 “Cool Ranch”
3.0 Competitors 3.1 Del Taco 3.2 Taco Cabana
4.0 Data Analysis
5.0 Recommendation
6.0 References Abstract

This report is for the research that is based on the questions; ' ' What is Marketing? ' ' and ' ' How to Use Marketing Strategy to Make Product Success? ' '. Firstly, marketing will be defined and some kind of marketing will be listed such as international and local marketing. In this report, the franchise ' ' Taco Bell ' ' will be used as a main example to present what exactly is marketing and how exactly is a marketing strategy drawn up and executed. How Taco Bell uses their marketing strategies and how they failed in some countries such as Singapore will be discussed.
Justification

This report is mainly based on the study of marketing. In the business studies field, marketing is one of the most popular subjects and it also plays an important role in everyday businesses. I think marketing is a very interesting subject as it has been proven that for the commercial success of a product, not only is the quality important, but the marketing strategies are crucial as well. Hence, this topic was chosen with the aim of researching on how success in marketing can be achieved.
1.0 Introduction The following report is researched from various sources to define what is marketing and what kind of marketing strategies that companies and co-operations use to achieve success. To achieve target or goal in marketing, companies have to know consumers’ behaviours, cultures and tastes among other various facts. The report presents that



References: 2.1 History of Taco Bell Taco Bell is a Mexican-style fast food, was founded in March 21, 1962 by Glen Bell – born September 23rd, 1923 near Long Beach, California

You May Also Find These Documents Helpful

  • Good Essays

    The founder of Taco bell is Glen W. Bell. Glen was born September 3rd 1923 ("Heves, Dennis"). In 1962 Glen opens the very first Taco Bell. 5 years later the 100th Taco Bell Opened. there was 325 restaurants open in the year 1967 ("Taco Bell"). Then in 1989 taco bell marketed in the movie "Batman". There was an express business open in 1991. Then in 1997 Tricon was new parent of taco bell and later in the year Tricon gained their independence from Pepsi ("Taco Bell"). Taco bell's website was created in 2010, The same year Glen W. Bell died. Then 4 years later they made mobile ordering and payment app. So as you see Taco bell has grew a lot since their open in 1962, from 100 restaurants to 325 in just 9 years! I wonder if taco bell employees play EA Dice…

    • 906 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Sh3050 Unit 4

    • 4636 Words
    • 19 Pages

    Marketing is an essential part to the Organisations survival as we live in a customer driven environment that is possessed with endless aggressive competition. Thus the marketing process and effectiveness is important.…

    • 4636 Words
    • 19 Pages
    Good Essays
  • Powerful Essays

    Chipotle

    • 2177 Words
    • 8 Pages

    What comes to mind when you think of the restaurant Chipotle? Would you say Mexican food with a fast casual environment? Well there is so much more to this publicly traded company. Chipotle was founded in 1993 by Steve Ells who is a trained chef. Steve originally opened the first Chipotle restaurant with the intention of building a place where you could eat delicious food of the finest ingredients cheaply. In 2006 they became publicly traded and have steadily grown from his original in Denver, CO to 1600 worldwide. Much of the success is attributed to the expanding customer base of Chipotle. The success of Chipotle stems from upper management’s ability to expand the operations while maintaining the current experience and quality of food. Since the creation of this chain of restaurants profits have steadily increased from 12% to 24% annually. Chipotle as a company is now looking into new ventures such as the Southeast Asian inspired spinoff, ShopHouse.…

    • 2177 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Chipotle

    • 745 Words
    • 3 Pages

    Chipotle was founded by Steve Ells in Denver Colorado July 13, 1993 near the University of Denver. Steve started by offering a small menu consisting only of a large burrito, tacos, chips and guacamole (Daszkowski, Don, June 28, 2010). He needed to sell 107 burritos a day to be able to make a profit, but in months time he was selling more than 1,000 burritos a day! In February 1998 McDonalds agreed to buy a minority stake in World Foods, which operated Chipotle. Chipotle had 14 stores in Denver and was planning to open stores in Kansas City. Each restaurant made from $1 million to $1.3 million in annual sales. In 2000 McDonalds bought Boston Market and turned some of those stores into Chipotle restaurants. By 2004 thy added 104 new Chipotle stores in that year alone. During this time Ells's "Food with Integrity" program was developed which focused on using better quality sustainable ingredients. In 2003 McDonalds fully divested from Chipotle after adding 500 more restaurants in the U.S. In 2008 837 restaurants had been opened. Including the first international store in Toronto. By the end of March 2013 they have opened 1,458 restaurants. With all this success there would obviously be key factors that have made them be able to expand like they have (International Directory of Company Histories, Vol.67. St. James Press, 2005.).…

    • 745 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Taco Bell Case Study 2-2

    • 883 Words
    • 3 Pages

    Date: Friday September 15, 2000To: Ms. Laurie Gannon, Public Relations Director of Taco Bell CorporationCopy: Taco Bell Corporation Senior Executives and Legal Dept.From: Dean Hegwood, V.P. Risk Management…

    • 883 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Taco Bell Essay

    • 195 Words
    • 1 Page

    Rich experience in the fast-food industry - Been in existence since 1962 with more than 5,600 outlets. Additionally, Taco Bell is a subsidiary of Yum! Inc. thus it surely will get all the support from the parent company and its other two brands: KFC and Pizza Hut.…

    • 195 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    The aim of this unit is to get students to learn and apply the concepts and practices of modern marketing science. It includes the important perspectives, tools and technologies related to marketing. This unit covers fundamental theories of marketing and its various applications, i.e. creating and delivering customer value facilitating vital customer satisfaction and relationships leading to sustainable profitability. This unit also focuses on social responsibility and ethics in marketing, market behavior and strategies including market segmentation, positioning and target marketing, developing marketing mix and also the competency to prepare a basic marketing plan at the end of the study. The unit’s emphasis is on developing an understanding of the fundamentals of modern day marketing.…

    • 4699 Words
    • 19 Pages
    Satisfactory Essays
  • Best Essays

    Strategic Marketing

    • 3480 Words
    • 14 Pages

    Strategic marketing is the plan and roadmap of an organization which help to fit the marketing objectives with corporate vision. An organization’s ultimate target is to achieve competitive advantage in the market. Strategic marketing assists an organization to implement its marketing strategies to create positioning in the market so it becomes easy to achieve competitive advantage. TechCom Electra, an organization that produces electronic products like TV, refrigerators, CD and DVD players, micro wave, has come in the market and running its commercial operation for two years. The organization wants to develop a strategic marketing plan so it can achieve competitive advantage within few years. To develop strategic marketing plan for the organization it is essential to understand and assess the role of strategic marketing in an organization, analyze relationship between corporate strategies and marketing strategies. It is also important to understand that how marketing strategies be developed. Once the marketing being developed organization needs to understand how to carry out strategic marketing analysis. It includes evaluation of both internal and external environment and success will derive by a proper integration between these two. Organization also needs to analyze strategic marketing decisions and choices. These include decisions and choices made at corporate level, assessing how these decisions influence marketing at business unit and functional level. To understand how a range of marketing strategies can be implanted to contribute to competitive advantage we need to identify a range of marketing strategies such as segmentation, targeting, branding, service marketing, pricing and distribution. We have to analyze marketing communication strategies also and these include MARCOM strategic process, setting objectives, media choices, the role of public relation. Finally we need to analyze the application and…

    • 3480 Words
    • 14 Pages
    Best Essays
  • Best Essays

    Introductory Marketing

    • 2674 Words
    • 11 Pages

    When looking at the history of marketing, firstly the definition of marketing must be stated, otherwise different definitions of marketing would result in very different starting points in history for the development of the concept of marketing. ‘In the fast-moving world of business, definitions rarely stay the same. Marketing has been described as “The management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (CIM, 2010). If this definition is used as the basis for this report, the history of marketing could be said to have started back in the times of the Ancient Greeks.…

    • 2674 Words
    • 11 Pages
    Best Essays
  • Good Essays

    acme group

    • 3180 Words
    • 23 Pages

    The specific objective of this study is to determine how the marketing strategies are applied in an organization. This situational analysis helps to compare the theoretical knowledge with the practical experience.…

    • 3180 Words
    • 23 Pages
    Good Essays
  • Better Essays

    4ps of Sony Vaio

    • 3039 Words
    • 13 Pages

    FIRST OF ALL, I AM GRATEFUL TO THE ALMIGHTY GOD FOR ESTABLISHING ME TO COMPLETE THIS PROJECT.…

    • 3039 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    Consumer Market

    • 3668 Words
    • 15 Pages

    The marketing concept is consumer oriented and the emphasis is more on the consumer rather than on the product. The essence of modern marketing lies in building of profit along with creating meaningful value satisfaction for the costumers, whose needs and desires have to be coordinated with the set of products and production programmes. Therefore, marketing success an enterprise depends as its ability to create a community…

    • 3668 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Exam Ques Paper

    • 6281 Words
    • 26 Pages

    WHAT IS MARKETING ? Marketing concept may be taken as “Developing a strategy to get the product in front of customers, so they have the opportunity to buy it determining scientifically what products or services o make and how best to market them to be taken as a way of thinking or a management philosophy about an organisation’s total marketing activities.” When this philosophy is adopted, it not only affects marketing activities – including planning of action, control, objectives, follow-through etc., finance and other activities which are geared towards satisfying customer needs, wants and diseases. The marketing concept has the following basic features : (i) Adoption of a market or customer orientation. (ii) A coordinated set of activities that allow the organization to achieve the goals. (iii) Result-oriented marketing. Marketing strategy for every kind of product is adopted. But because of the peculiar nature of the insurance industry, it is difficult to implement the marketing strategy.…

    • 6281 Words
    • 26 Pages
    Powerful Essays
  • Good Essays

    burger king

    • 876 Words
    • 4 Pages

    Burger King was founded in 1954 when James McLamore and David Edgerton opened the first Burger King restaurant in Miami, Florida and introduced its signature Whopper sandwich in 1957.…

    • 876 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Burger King

    • 1905 Words
    • 8 Pages

    The first Burger King restaurant opened in Jacksonville, Florida under the name Insta-Burger King in 1953. In 1954, the Burger King Corporation was founded by Miami-based James McLamore and David Edgerton. By 1959, they had expanded beyond Florida and became a national chain. By 1967, it was the third largest burger chain in the United States. McLamore and Edgerton then sold the company and its 274 Burger King restaurants to Pillsbury. Today, Burger King has over 12,000 restaurants in 76 countries.…

    • 1905 Words
    • 8 Pages
    Powerful Essays

Related Topics