INTRODUCTION
The company I have chosen to base my assignment on is Taco Bell. It is a leading Mexican style fast-food chain serving tacos, burritos, signature quesadillas, Border Bowls®, nachos and other specialty items. Currently, Taco Bell serves more than 35million consumers each week in approximately 5,600 restaurants in the United States of America. It is recognized as the best Mexican fast-food chains in the United States of America (Yum! Brands, 2010). This fast-food chain plans on introducing its products in Malaysia.
MARKETING ANALYSIS (SWOT)
Strengths.
Strengths refer to core competencies and positive attributes that give Taco Bell an advantage in meeting the needs of its consumers. The strength of Taco Bell is when it
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Threats. The threats include external factors that could put Taco Bell’s business at risk. In Malaysia, the main threat rises from its competitor in the same market which is McDonalds. Taco Bell needs to be constantly revising their prices and menus in order to keep up with McDonald’s offers (Fujinaka, 1996). Besides that, the new researches and the raised awareness among the publics about the harmful health impacts of fast food consumption is a threat to Taco Bell’s fast food menus. The ingredients such as sugar, oil and salt which are in the fast foods being offered, are thus consumed in low proportions by the aware and educated consumers (Taco Bell,2010).
MARKETING SEGMENTATION In Malaysia, Taco Bell should cater to a well defined target market in order to market their product successfully. The major bases for segmentation are geographic, demographic, psychographic and behavioral. The geographic positioning of any business is important in the success of a business. In Malaysia, Taco bell should be located in the heart of urban areas such at Kuala Lumpur or Georgetown where the population density is at its highest. Climate aspect of the location would not be an issue as the weather throughout Malaysia is considerably fine. In demographic segmentation, Taco Bell as a fast-food outlet should target mainly to teenagers and small kids as they are the ones who are either
Since it’s opening in 1962, Taco Bell is extremely innovative among leading them to rank fifth in QSR domestically. They overlooked the obvious when no one created the Dorito shell into a taco. Dr. Russell reminds us every class to not to forget to include the obvious items and Taco Bell beat their competitors to this niche. Management of the company incorporated focus groups to make sure they perfected this product before its launch. They went through a lot of trial and error. This is what all the leaders mean when they say practice makes perfect. What I view as the most important factors that have contributed to the growth of the company are innovation, ethics, and listening. They were built on innovation and they are continually modernizing to stay the best. Their company ethics exceed their competitors because what other company would
Taco Bell’s target market is people who on are the go, and want their products now, specifically millennials ages 20-30. They offer low-priced tex-mex food options, which on available on demand. Through the creation of this live chat platform they are investing in customer service, which could eventually become one of their core competencies. This would allow them to use their customer service as a sustainable competitor advantage compared to other fast food companies. Currently, their sustainable competitive advantage is through offering low prices and exclusive merchandise, like the Doritos loco tacos. Taco Bell would invest in a live chat platform because millennials, their target market, are all about instant gratification and their relationship
In the 21 century, people are suffering from all kinds of diseases and over 85% of them are caused by, an unhealthy, diet. In the United States, 25% of Americans eat fast food every day, which can cause heart disease, hypertension and diabetes, starting with overweight. McDonalds, Taco Bell, Wendy’s, and Burger King are very popular, fast food restaurant selling their burgers and fries in the airport, street shop, next to Wal-Mart and college.
The food industry in the UK is a multi-billion pound industry that is mainly dominated by a few competitors such as McDonalds, Burger King, KFC and Subway. Most of the food sold in these fast food restaurants is unhealthy, which is becoming a huge concern as there are many people dying of obesity and other health related problems. This is one of the key social factors facing the fast food market at the moment.
In order to distinguish itself from competitors, especially Qdoba doesn’t want to be “me-too Chipotle”, Qdoba redesigned everything includes in-store layout, new branding, and personalized service. For example, Qdoba has colorful and artistic design on the wall, seating and washroom, which creates strong visual effect of Mexican culture and makes customer feel casual and happy. As we know, Chipotle is the King of burrito, however Qdoba choose to promote variety tacos to develop it’s competitive advantage. Qdoba launched a set of six Knockout tacos on October 27th, 2015, which enriched Qdoba’s menu items and provided more options for customers. Also, Qdoba’s employees with new designed uniforms are encouraged to speak their recommendations and provide more human touch services not machine-like assembly line. “The worst thing you could hear is as server who says everything’s good.” said John Cooke, VP, menu strategy and innovation at Qdoba. Furthermore, Qdoba introduced a kid’s menu and has 24 open hours for some locations to satisfy more customer needs.
The fast food industry in the US is witnessing the increasingly fierce competition among Chipotle, Chick-fil-A, McDonald’s, Jimmy’s egg and KFC. In addition, consumers increasingly favored foods clean and healthy. Foreseeing this need, numerous popular fast food restaurants sprung up promptly. The first Chipotle restaurant is opened in 1993 by Steve Ells in Colorado. On the contrary, McDonald’s is founded by McDonald’s family with a long history as well as one of the oldest brand in America. My paper will explain the similarities and differences in their three characteristics between Chipotle and McDonald’s, both of them are large enterprises in the fast food industry which have large market shares. Then, I also give opinions to differentiate
This paper explores the mission, vision, values and principles of Chipotle Mexican Grill that guide them in the restaurant industry. Their key mission, vision, and values revolve around providing food with integrity and changing the way people think about and eat fast food. Chipotle’s principles include sticking to the basics of a simple menu and uncomplicated, interactive employee roles.
Taco Bell Corporation’s Director of Public Relations has in the last few hours received a phone call from the company’s Government Relations Team. The Government Relations Team has learned that a special interest group known as “Friends of the Earth” will be releasing information on Monday September 18, 2000 to the Washington Post. This press release will be implicating the Taco Bell labeled taco shells which are manufactured, distributed, and sold by
The fast food industry provides quick, cheap, and easy access to foods that in the customers opinion, is very delicious, and affordable, however this food which millions of people around the world are constantly consuming, could actually cause major health problems, and weight gain in the long run. Major fast food companies throughout the world know what they are doing when it comes to marketing towards all types of people. Some people will find numerous different things to blame for the epidemic of fast food making individuals overweight. In recent research on, or discussions of the fast food industry having an effect on people's health, a controversial issue has been raised, and that is the fact that this problem affects not only
Global influences of the fast food industry are shown in the health problems in society today. The cheap production of meat and grains for the fast food industry cause harm to the environment, humans, and animals. The fast food that is consumed is not only bad for the health of people but also for the environment. As food provides more than just sustenance; it increasingly has come to shape and mediate our understanding of ourselves and our culture.
Communication to customers of the quality of the products and the steps the organization would be imperative. The website of each diverse product offering would provide details on the food and the nutritional information. The cautionary tale of Chipotle would be an example for all levels of management on what could happen to YUM (Smith & Garcia,
Summary statement of the problem: The Panera Bread Company has made a name for itself by offering quality, nutritious meals to its customers. You can eat at Panera Bread without worrying if you are getting a healthy, nutritious meal. With today’s health conscious society this has served the company well. With the rise in other health food type restaurants, the question arises is Panera Bread’s current strategy enough to keep them on top? In order to continue to succeed, Panera Bread needs to branch out into the foreign markets, add some key
I have chosen the company named by Mc Donald’s for my assignment topic as it is a worldwide and well-known fast food company covered in Asia and Europe countries .
So, Yum! Brands must know the competitors of the Taco Bell in Malaysia market that offer the similar product that satisfy the same needs and wants of the customer. The Yum! Brands should produce more valuable product for the Taco Bell to winning the customer over the competitor in Malaysia market. The competitor in Malaysia that satisfy the same needs and wants of customer such as KFC, McDonald, Pizza Hut, Burger King and many more. Yum! Brands must to identify all the weakness of their competitors in Malaysia market such as the weakness in their foods, services, packaging and many more. So, Yum! Brands must develop the strategies that is everything in the competitors goods and services in Malaysia can’t to provide to the customer, Taco Bell can provide it. What they can’t and haven’t prepare, Taco Bell can and will have prepared. Taco Bell must know all the marketing strategy that have been use by the competitors, especially the promotional method that they use to market their product. Taco Bell must follow up all the marketing strategy and make some differences
The article I chose for the assignment is about the Shake Shack IPO (Initial Public Offering) and the environment in which is was released. The restaurant’s stock launch was a major success, as the price per share skyrocketed at a growth of 119% from $21 to $45.90, in one day of trading. With the intense growth that Shake Shack experienced, the chain of 63 restaurants was valued at $1.6 billion, which had investors pouring in. While it was expected for Shake Shack to be a success on the launch of their IPO, their valuation and continued growth has shown the shift in the market of restaurants. Society has moved from the fast food era, to a new adaptation, “fast-casual”. Restaurants such as Noodles, Chipotle, Garbanzo, and many others have capitalized on the shift from value to quality based desires.