BUSINESS AND MANAGEMENT SL (IA) Commentary on: “Should Faaso’s chain of restaurants adapt to the Franchise system to increase their efficiency? “ Contents Page Contents Page No. Introduction Section – 1: SWOT Analysis Section – 2: Introduction FAASO’s is primarily an Indian fast food chain of restaurants that sells ethnic ‘Wraps’. One of the very few in its segment‚ this chain started off with an independent store in Pune in 2004
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McDonald’s Corporation McDonalds Corporation is a centralized International company which operates in the fast food industry supplying hamburgers‚ french fries and other consumable items using standardization‚ heavy expansion and branding as the driving force. McDonalds operates in over 121 countries and has over 30‚000 restaurants worldwide serving over 52 million customers a day. Its development from a drive-in restaurant in San Bernardino‚ California‚ to famous fast food chain restaurants of
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1. McDonald Product : value-priced ‚ fast-serviced meal 2.Mc Donald Price: my guess is Value-pricing (offering just the right combination of quality and good service at a fair price) 3. Place: Strategic location of most McDonald fast-food outlet is found in populated and easily accessible areas (e.g. retail areas‚ airports‚ busy street) or most certainly locating closely where its top 3 competitors are also doing business e.g.; Burger King‚ Subway etc.. 4. Promotion: McDonald has engaged
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Since most McDonalds have the same menu‚ it provides an easy economy of scale. McDonalds has more than 32‚000 restaurants around the world (Economies of scale). When McDonalds places an order‚ they don’t go and buy individual items‚ they receive them from a local wholesaler just like any other independent restaurant (Economies of scale). “McDonald’s is the world’s largest buyer of eggs; therefore they are able to negotiate the very best unit cost per egg during their enormous volume purchase and
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1970 Three Pioneering entrepreneurs Milagros Basa‚ Leticia Zamora‚ and Carmen Zaragosa‚ First introduced freshly baked pancakes and waffles in varied flavors and preparations to a predominantly rice-based consuming market. The very first Pancake House restaurant opens in Magallanes‚ geared to serve the A‚ B‚ and upper C markets. 1974 -1998 Sta. Rosa Food Services Corporation (SRFSC) is incorporated to handle the management and operation of Pancake House. Several years later‚ it would be
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Panera Bread is considered as the best bread bakers in North America. The company had a corporate value of $2.4 billion. There are more than 2000 stores in 36 different districts. However‚ the financial data reveals that the company is not growing at an expected rate of 19.9% which means that company is facing a decline in the financial segment. (Thompson‚ 2014) In this concern‚ the presented paper based on the case study of Panera Bread will reveal the strategic plans of the company and will recommend
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question about the criteria in a good franchise. Mrs. Sylvia Hilomen-Evangelista has an entrepreneurial spirit for being an owner/franchisor. She just don’t possessed the know-how in managing a business but also she also has the drive to become an entrepreneur and of course to reach the goals of their business. She is eager or willing to influence change in order for them to have and ensure a good relationship with her franchisee/s. As being the founder of the franchise system she is continually searching
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and effective. Brothers spent much time elaborating the layout of the kitchen in their first restaurant‚ so they achieved the goal. Inspire of the fact that later they sold their business and their family no longer the owners of it‚ nowadays mcdonalds have the same efficient system of production and sales that it is able to introduce and maintain all over the world using different strategies and methods. External Environment External environment is a bunch of various outward forces that may
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Student’s name: Blah‚ Blah Class & Session: How can franchises ensure their products are appropriate for international markets? Professor: Introduction Most businesses are formed with the notion to someday expand their product internationally. Better communications and technology gives a massive increase in the convenience of international business ventures. Expanding a business internationally is a
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Case 1-2: “McDonald’s Expands Globally While Adjusting Its Local Recipe” Discussion Questions: 1) McDonalds has a mixed global marketing strategy that combines Globalization and the ability to act local. Globalization refers to developing a marketing strategy as if the world is a single entity and to sell the same product with same promotion‚ same packaging all over the world regardless of geographic‚ demographic‚ political‚ social and cultural differences. McDonald’s global marketing strategy
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