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Kfc in Nepal

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KFC in Nepal

“KFC Corporation, based in Louisville, Kentucky, is the world’s most popular chicken restaurant chain, specializing in Original Recipe, and Colonel’s Crispy Strips® chicken with home style sides and new freshly made sandwiches.” Everyday nearly, KFC serves eight million people in the world with the same old crispy crunchy recipe Sander developed more than half century ago. With their old recipe they are moving ahead in more than 300 countries serving their mouth watering dishes. The mission statement of “to be leader in western style through serving quality food, friendly service and clean atmosphere” has led KFC to grow their industry in the foreign market. So KFC has to standby to prove them to be number 1 in the market. …show more content…

This may be very surprising for foreign investors why interested to invest in Nepal? “According to the CIA fact book, Nepal has GDP growth rate of 2.50 % (2005 est.), which is better compared to Somalia, Morocco, Maldives. GDP of the nation is $1,500 (2005 est) which is better compared to $600 in Somalia and $1,200 in Kenya. Nepal has lot of potential, in spite of all the troubles facing the nation.” Information technology, including software development, calls centers and training, education and fashion, and food services are some of the emerging attractive investment opportunities in Nepal. Thus, seeing the advantage of Nepal being one of the growing industries, KFC targeted Nepal to start the business. People in Nepal are said to be the food lovers. They are always eager to try new foods. The craze for the fast food in Nepal is one of the major factors that a company can have to enter a food industry market. According to Nepal’s food industry, it is not hard for a company to enter the market only the thing that they should be aware is of the competitors. There are numerous fast food chains like “Naglo Bakery Café, Kathmandu Food Café” which are the proof of how the eating habit of the people is outside of the house and the fast food industry can take rapid expansion. Moreover, international brand plays a major in people’s mind. In such situation KFC takes the first-mover advantage of

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