Tim Stanton‚ a former managing partner of an Outback Steakhouse in Knoxville‚ TN‚ who recently assumed the new position of joint-venture partner‚ and who will now be overseeing 12 restaurants located between Huntington‚ WV‚ and Pittsburgh‚ is profiled as part of Nation’s Restaurant News’ NRN 50 General Managers Orchestrating Success feature. Throughout his years at the Knoxville property‚ Stanton increased sales by a whopping 133% to $4.3 million dollars. While Stanton rewards his employees financially
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Chapter 7‚ Question 1 Outback has clearly defined strategic goals that give a clear sense of where the company is headed in the future. The company intends to drive its future growth though a four pronged strategy. First‚ they want to continue to expand in the U.S. with an additional 300-350 Outback concept restaurants. They also plan to develop a second system of franchise restaurants called Carabbas. After that‚ the founders may develop additional themed restaurants‚ and branch out into international
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Summary: Outback Steakhouse is a chain of casual dining restaurants positioned with an Australian theme in the United States‚ first established in 1988 by Basham‚ Gannon and Sullivan. Early financing was limited‚ considering the company did not anticipate extensive expansions and franchising came from limited partnerships from associates‚ family and friends. However‚ in 1990‚ friends approached the three entrepreneurs and asked for a franchise of the Outback Australian theme. These franchises achieved
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Outback Goes International Student: Phuong Linh Nguyen Professor: David Hover Date: 03/09/2011 In 1988‚ the two Outback restaurants were opened in Tampa‚ by three founders—Chris Sullivan‚ Bob Basham‚ and Tim Gannon. In 1995‚ Outback had over two hundred stores
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The two first Outback Steakhouse stores were created by Chris Sullivan‚ Bob Basham and Tim Gannon in 1988 in Tampa. Within 7 years‚ the company became "the fastest growing US steakhouse chain with over 200 stores throughout the United States". In 1994‚ the company’s stock increased from $22.63 to $32. Moreover‚ Outback Steakhouse seen as an example of a great success story was awarded many times. In the context of this successful evolution of the company‚ the question of its internalisation and
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Professor Edward Desmarais BUS 470 Business Policy and Strategy Fall 2005 Outback Steakhouse Corporation CASE ANALYSIS Analysis completed by the Achiever’s TABLE OF CONTENTS I. Executive Summary 3 A. SWOT Summary 3 B. Recommendations 4 II. Current Situation 5 III. External Factors 12 IV. Internal Factors 39 V. Action Plan 76 Appendix A. Stakeholders Worksheet 87 2 I. Executive Summary A. SWOT Summary Weaknesses Strengths •
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Executive Summary Outback Steakhouse has enjoyed a dominant position in the casual dining market since inception. They have exponentially increased the number of locations each year; however their growth has apparently reached a plateau and they could potentially loose market share. There is significant competitive pressure from rivals using marketing and advertising in attempts to lure away customers. Consumer loyalty is highly valuable and rivals will use whatever tactics necessary to gain
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Outback Goes International Executive Summary As a conglomerate‚ Outback must be able to overcome the complexity of expanding into international markets. The company’s commitment to continue its fast paced growth will require them to develop a strategy for expansion and operations in different global regions throughout the world. In developing a business strategy‚ Outback must create guidelines to ensure success in these new and diverse markets abroad. It is my view that Outback should implement
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Customer satisfaction survey: Outback Steakhouse Customer Satisfaction Survey Customer satisfaction survey: Outback Steakhouse Overview Outback Steakhouse is a multinational restaurant chain operating throughout the United States and in 18 other countries including Australia‚ Malaysia‚ Singapore and many more countries worldwide‚ (Outback Steakhouse‚ 2013). In most basic terms‚ Outback Steakhouse could be described as an Australian themed steakhouse
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Outback steakhouse Marketing Mix- 4ps 1. Product Outback steakhouse is an Australia or American style restaurant. Outback emphasizes “fresh” spirit inspires everything. One of the corporation’s slogan is “It’s always fresh in the outback”. All menu items are made fresh daily‚ and sourced from around the world to keep high quality ingredients. The specialist appetizer is bloomin’ onion while steak is the most important product. Beef required exceed all USDA standards‚ and all approved beef suppliers
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