Fast Food in HK – McDonald’s VS KFC Fast Food Culture in the worldwide Fast food‚ as you can understand is the term referring to food that is prepared and can be delivered in a fast time. It is traditionally American style meal that always included French fries‚ burgers and soft drinks. Restaurants store precooked ingredients‚ once the customer gives an order‚ take-away can be ready in a while. To be called as “Fast food”‚ these foods must meet a few standards: good time management‚ quality stability
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The nature of the products and services provided in the restaurant industry are based on customer satisfaction with the food and services that each location provides. Providing a selection of delicious and well-presented food made with quality ingredients that are simple and good tasting is exactly what the customer wants. Most customers go to restaurants to meet with others socially in a friendly environment. Making sure the restaurant is clean‚ attractive‚ and the décor is consistent with the
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Synoposis Panera Bread Company is a highly successful fast casual restaurant that has grown drastically even despite the market down trend. One of its best assets is CEO and Chairman‚ Ronald Shaich‚ whose radical and innovative ideas have taught the business world many lessons. When the competition was lowering prices to meet the trend of higher unemployment rates and focusing on making their product cheaper‚ Shaich proposed Panera Bread should raise their prices and cater to the 90% of the
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Panera Bread is a renowned restaurant that has come about from the merging of great companies and people. However‚ the beginning was actually with Au Bon Pain which was started in Boston’s Feneuil Hall as a demonstration bakery. Louis Kane was struck by this store’s growth potential and purchased the business in 1978. Between 1978 and 1981 the company opened 13 stores‚ but subsequently closed 10 of these stores‚ in the Boston area and had major debt. Ronald Shaich‚ a recent graduate from Harvard
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Five Guys is a fast casual restaurant chain that originated in Arlington‚ Virginia[->0] within the Washington Metropolitan Area[->1]. The chain sells mainly hamburgers[->2]‚ hot dogs[->3] and French Fries[->4]. Five Guys enterprises has grown from a single family owned restaurant to a franchise with 450 locations in thirty states. Five Guys opened its doors to Arlington‚ Virginia in 1986. The restaurant was started by four brothers who were given the choice to start a business or go to college
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Fast Food Nation For many years‚ I consumed fast food. My experiences with fast food like Carl’s j.r.‚ Burger King and Wendys for an example has leaded me to struggle with my weight my entire life. At the time being‚ I was not fully aware of the consequence of eating it just as some people in society today do not realize what kind of harm it causes your body. I use to find fast food rewarding because you did not have to prepare your food
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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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Table of Contents 1. Executive Summary Pappadeaux is a successful upscale casual restaurant concept with a loyal following. But no restaurant is immune to the highly competitive climate of the industry. Recent studies have shown the upscale casual segment losing market share to both fast and traditional casual restaurants. They also show that consumers find value in upscale casual dining by weighing the food quality and the overall experience against the relatively higher price (Technomic
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Chipotle experience”. This was also designated as “Food with Integrity”. However‚ the market demand for these products was growing so fast that organic farmers were having difficulties keeping up with this growth. Consequently‚ the costs where higher and it was more difficult to cover the demand and cover the higher costs. The frequent supply-demand
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a superior product to a diverse customer base. Panera Bread’s concept is “to provide a premium specialty bakery and café experience to urban workers and suburban dwellers.” Their strategy has allowed them to provide an alternative meal to fast food restaurants. Analyzing Chapter Five’s generic competitive strategies the most closely fit competitive approach that Panera Bread is taking is the broad differentiation strategy. The broad differentiation strategy shows that Panera Bread is seeking to
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