Executive Summary:
To determine if the fast food brand KFC falls under Tripple Bottom Line standards regarding prosperity, environmental quality and social quality. Through the following research the hypothesis “KFC operates as a successful public company” will either be proven or disproven.
People: (Phipps)
Internally:
KFC teaches employees basic life skills such as:
• High standards Eg: Food quality is consistent
• Time management
• Strong work ethic
• Front line customer service
• Sending them on training courses in where they invest 15milllion to get these procedures under way.
• Recognition programs also get implemented where the top 5 employees are rewarded for their hard work and dedication. Eg: Champs Team Challenge
• If you happen
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(strydom, 2014)
• Fairness: Business will be considered when evaluating all parties. Eg: Each employee is provided with the same opportunity to become Employee of the Month. (strydom, 2014)
• Responsibility: Management should fulfil their promises Eg: Employees should actually get rewarded for their hard work. (strydom, 2014)
King III:
• Applies to all forms of ownerships (strydom, 2014)
• Directors should be investigated if there should be suspicions that they are not independent. (strydom, 2014)
• In case of misrepresentation directors may be held liable. (strydom, 2014)
Hypothesis: ‘KFC Operates as a successful Public company.’
• KFC is a successful public company due to the fact that its trading name and legal identity is so well-known worldwide. It provides us the general public with true and reliable advertising gimmicks. Its Corporate Social Responsible enhances young kids opportunities to become what they want and also keeps them fed. Each shareholder is also allowed to invest in shares easily also receiving a good return on investment. (A.Pinnock,
The Kroger Company was founded in 1883 by Bernard H. Kroger. The Kroger Company have retail nutrition and drug stores, multi retail establishment, adornment stores and accommodation stores all through the U.S. As of January 31, 2015 Kroger worked, either straightforwardly or through its auxiliaries, 2,625 grocery stores and multi-retail establishments, 1,330 of which had fuel focuses. Around forty eight for each penny of these general stores were worked in the Company-claimed offices, including some Company-possessed structures on rented land. The Company's stores work under a few pennants, including Kroger, Dillons, City Market, Food 4 Fewer, King Scoopers Fred Meyer, Fry's, Jay C, , Harris Teeter, QFC, Smith's.
The size of potential synergies is small as Burger King and Tim Hortons will continue working as distinct brands. As a result, only common corporate services and several purchase savings will enjoy any arising synergies.
We are pleased to announce that Bich Nguyen has accepted the position of Merchandising/Drug Manager for District 6. In her new role, Bich will report to Cecilia Sarabia, District 6 Manager.
Kfc Company will need to analyze the information of their own in deep detail to understand this will help them because of their understanding will get better and better, then Kfc Company could put all that knowledge into action. If anything contributed to this market research will affect the marketing plans of Kfc Company because they will not understand the weakness and strength, opportunities and the threat that their actions might
Responsibility: The degree of employees have carried out the right responsibilities whilst performing towards the job e.g. such as turning out the lights at the end of the day.
It is quite possible that people often misinterpret what exactly fairness in business, or is it a question of equality; however, as one researches what is fair, that in itself becomes debatable, in fact, this discussion would take volumes to cover the scope of what is fair, what is equality in business (Equality of opportunity. 2018). More so, we can isolate what is "fair" in business to this term, "advantage" (Ferrell, Fraedrich, Ferrell, 2015). Furthermore, can
Golden Valley Foods, Inc. is a 127-year-old company that prepares packages and sells canned and frozen foods which include fruits, vegetables, pickles and condiments. Golden Valley has more than 30 processing plants in operations and annual sales of approximately $650 million. Much of Golden Valley’s management staff comes from their parent company with the previous president saying “The influence of our old parent company is still with us. As long as new products look like they will increase the company’s sales volume, they are introduced. Traditionally, there has been little, if any attention paid to
My chosen businesses are KFC and NHS. These are the businesses I will be discussing the purpose and ownership. I will also mention the internal and external stakeholders of these two businesses.
The appointment of independent directors became very necessary, as shareholders looked for a way by which management became more responsible and accountable, and as such; the need for independent directors, who would not only checkmate the excesses of the board of directors, but also have the interest of the company and the shareholders at heart.
Kentucky Fried Chicken (KFC) is a popular fast food chicken restaurant chain around the world. (Bell, Shelman, 2011) It is one of the subsidiary of Yum Brand. This company also operates the Pizza Hut and Taco Bell. (Yum! Brands, Inc, 2016) KFC was founded by Harland Sanders in 1952. (Bell, Shelman, 2011) Sanders was successful in creating the brand, even the logo of KFC brand is the portrait of him. He became a notable figure in American history thanks to his great contribution on creating KFC brand. Nowadays, KFC becomes more and more popular, the sales ranking of KFC was the 11th among the worldwide restaurant brands. (The QSR 50, 2015) The sales of KFC in 2014 was 4200 million dollars. (Details in Appendix 1) It means KFC has a large quantities of consumption needs. Actually, KFC has 14,577 restaurants around the world and 70% of them are located outside America (Yum Brand Annual Report, 2015). The restaurant profit was increased year by year from 2013 to 2015. (Details in Appendix 2) Therefore, it is potential to enlarge the customer base by analyzing consumer behaviors.
The purpose of this report is to identify an organization and map out its business processes. The company I had chosen is Kentucky Fried Chicken (KFC). In this report, I am going to talk about the company and further on describing it business processes and how they manage such a big organization.
Management is one of the most important human activities and has critical impact on life, growth, development or destruction of an organisation. In an organisation, managers with any rank or status should understand their basic duties i.e. maintaining a sustainable conductive environment where people can fulfil their commitments and objectives through collaborative approach. (Akhtar, 2011) A manager is responsible to achieve the business’s goals, visions and objectives by planning, organising, leading and controlling. Dubrin (1994) stated that in every organisation each member of staff must plan, organise, make decisions, and control the resources they need to accomplish the results expected
Responsibility is the obligation to achieve the businesses goals by performing the required activities; managers are responsible for the results of the departments.
Providing customers with the best of both worlds: west meets east. In addition to its radical strategic approach of localization with regard to its food, they extended that viewpoint when selecting their management team. By hiring Chinese executives, Yum! Brands is able to build relationships with the local suppliers more easily and quickly. It definitely helps with their competitive advantage that chicken is a staple meat in China. Given these factors, it is clear that KFC has a competitive advantage in this market. However, taking a closer look at the industry and thinking longer-term, the competitiveness is undesirable but there is still potential to improve profitability. See the analysis
The first KFC was opened in Tiananmen Square, China 1987; it struggled as western food was unknown to the east. This was still a very conservative nation, not prepared for the “Fast Food” takeover. The restaurant did pretty well, but grew slowly. The Harvard business review, stated that “in 1992 the Chinese government granted foreign companies greater access to markets, KFC China’s managers gradually developed the blueprint that would transform the chain.” (Yums' China, 2017) Although they have done well for themselves they struggled, as growth was steady but slow and their customer base was shrinking. “In November 2016 Yum China Holdings, Inc. became a licensee of Yum brands in Mainland China; they have exclusive rights to KFC.” (Yums' China, 2017) Yum controls approximately 7,300 restaurants and more than 400,000 employees in more than 1, 100 cities. YUMS generated over $8bln in sales in 2015.