Introduction: Tim Hortons is currently the largest fast food restaurant chain in Canada that provides a variety of products that appeal to a broad range of consumer preferences at relatively low prices. It is the fourth largest publicly traded quick service restaurant chain in North America based on market capitalization.(pg3) The quick service restaurant industry is continuously growing and its competitive level has increased globally. Tim Hortons operates 4‚546 franchised restaurants worldwide
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Tim Horton’s is known as the ultimate Canadian success story. It was founded in 1964‚ and it is the largest fast food chain restaurant in Canada today. Starting from one location in Ontario‚ Tim Horton’s now has approximately 3‚665 locations in Canada and around a 1‚000 in the rest of the world. Tim Horton’s commercials are known to use the “Canadian identity” to motivate consumption. Advertising has succeeded in giving Tim Horton’s symbolic meaning and now it has become a part of Canadian heritage
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BOH4M1: BUSINESS LEADERSHIP – MANAGEMENT FUNDAMENTALS 1. Describe Tim Hortons’ and McDonald’s “facelifts”. What is similar about them? What is different about them? (2 marks) 2. What struggles is Tim Hortons’ facing? (3 marks) 3. What is McDonalds’ strategic plan to gain a strong place within this competitive market? (2 marks) 4. Chapter four describes the ways in which companies can remain successful in a dynamic and changing world. How is Tim Hortons trying to keep up with this
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2010‚ resulting in less sales for Tim Hortons. With a slow economy organizations all over the country have to make changes in order to operate functionally. So like most organizations it affected the employees the most. Tim Hortons cut back their employees by almost half.They also changed many employees to contingent employees.There was a management team of 13 which was cut back to 6. Out of the seven management workers who were cut‚ four downgraded to non-management jobs else where‚ where they were
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TIM HORTONS HISTORY Tim Hortons is one of the largest publicly traded quick service restaurant chains in North America based on market capitalization and the largest in Canada based on system wide sales and number of locations. It appeals to a broad range of consumer tastes‚ with a menu that includes premium coffee‚ espresso-based hot and cold specialty drinks‚ including lattes‚ cappuccinos and espresso shots‚ specialty teas‚ fruit smoothies‚ home-style soups‚ grilled Panini and classic sandwiches
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Tim Hortons’ and Organizational Structure Names: Javier Flores Noor Alawaid Noor AAAAAAAA Maggie Khouri Andrea Moulisova Class: MGMT 2384‚ Lab G TA: Felecia Thomas Date: March 25th‚ 2009 Introduction It is hard to find a resident in Canada who would not know where to find a Tim Horton’s fast food restaurant. Tourists visiting Canada who don’t have a Tim Horton’s in their country visit this restaurant and become familiar with the valued beverages and specialty dishes that so many
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Tim Hortons is one of North America’s largest developers and franchisors of quick service restaurants with 4‚485 system-wide restaurants as of year-end 2013 (Annual Report 2013). Tim Hortons is among the largest publicly-traded restaurant chains in North America based on market capitalization‚ and the largest in Canada by a wide measure. In Canada‚ they command an approximate 42% share of the quick service restaurant traffic. Tim Hortons Inc. has iconic brand status in Canada and strong consumer
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7-Tim Hortons® opened its first restaurant in Hamilton‚ Ontario in 1964. Since then‚ the focus on top quality‚ always fresh product‚ value‚ exceptional service and community leadership has allowed the chain to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee‚ baked goods and homestyle lunches. Tim Hortons’ commitment to maintaining a close relationship with franchisees and the communities where it operates has helped generate immense customer loyalty
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Tim Hortons Inc. is a Canadian-based multinational fast food restaurant franchising company (MNC)‚ renowned for its coffee and doughnut products. The chain’s first store opened on May 17‚ 1964 in Hamilton‚ Ontario‚ as "Tim Horton Donuts‚” though it was later abbreviated to "Tim Hortons." The founder was a National Hockey League player by the name of Miles G. Horton‚ who played hockey from 1949‚ a fatal traffic accident claimed his life in 1974 and Ron Joyce‚ who had been a former Hamilton police
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Tim Horton’s Strategy Components: “we fit anywhere” Goals Growth goal structure As demonstrated by its recent activities‚ Tim Horton’s is following a goal structure of growth. The growth model is characterized by a focus on market‚ plant and personnel investments‚ sometimes at the expense of current profitability. Tim Hortons has been eyeing the US quick service restaurants (QSR) market for the past decade‚ but only recently has Tim Hortons started pushing more aggressively into the
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