The food service industry is one of the biggest and most active industries in the world and while growth is limited, there is still room for improvements. The industry’s full-service chain segment reached near saturation point in January 2011 (Heskett & Luecke, 2011). Big name-brand chains in this field are looking at expansions overseas, while smaller regional chains are looking for other domestic avenues which they can pursue for continued growth. Porcini’s Inc. is considering expanding its full-service chain business. However, the company’s resources and brand recognition limits how far they can go. For that reason they are looking at domestic growth rather than overseas expansion. They are looking at opening up Porcini’s Pronto, …show more content…
The Pronto concept stores would be located on interstate highways in hopes of garnering the interest of travelers who value quality, food service and time. Additonally, these restaurants needed to placed in areas where there are no other competitors close by. This strategy would help Porcini’s brand have a greater chance of becoming widely recognized.
Porcini’s Inc. top Chef was asked to develop a menu that would be less expensive and less far-reaching than the company’s lead restaurant. Like previously mentioned, Pronto will be targeting travelers, so it is necessary that each location is fast-paced, so as to not keep customers waiting. To meet this need, Porcini’s strategy is affixed to having the right people, they should have “customer service baked in”, making sure they are asking and review customer experiences and implementing technology to speed up service.
Since they are limited in brand recognition and are limited in capital, they have come up with several different strategies to expand. They need to pick from three different strategies; company owned and operated Porcin’s Pronto, franchising and/or syndication. Pronto would like to choose a strategy that can offer quality to travelers, but not affect the profitability and without jeopardizing the company’s reputation for excellent food.
Problem Statement
Porcini’s Inc. must determine what type of strategy, it must use to expand it’s business to another segment
Bei Capelli is facing capacity constraints and looking to expand .To pursues greater services They need to introduce new technology and new facilities.
Senior Management of PepsiCo is evaluating the potential acquisition of two companies – Carts of Colorado and California Pizza Kitchen – in order to expand the company’s restaurant business. If indeed PepsiCo decides to pursue the acquisition of one or both, they must decide how to align each of these business units in its historically decentralized management approach and how to forge relationships between the acquired business units and existing business units. In their evaluation, Senior Management is faced with the question of whether the necessary capital investment in order to purchase one or both of the businesses can be profitable for each of the acquired business units, but must
The retail industry is redefining business formulas to maximize opportunities of interaction with consumers by developing service solutions to support value creation processes (Montagnini, 2009). Eataly represents an innovative, brand-new retail formula in the Italian food market, bridging retail and consumer education concepts to enhance guests value experience (Montagnini, 2009). Eataly’s business model is an attractive value proposition that has proven to be innovative and successful. This model is greatly executed by utilizing enormous spaces in high-traffic areas, which helps fulfil Eataly’s three tenants: eat, shop, and learn (Edwards, 2015).
This paper will introduce a product and service which operates in the U.S. with the intent to expand within foreign markets eventually. The service that I chose is a current service in the food service industry that does exist but would benefit from enhancing it; there are market trends for the new service that would definitely satisfy potential customers’ needs and wants once the idea is brought to their attention. The goal is to bring the feel of the city’s fine dining and lounging experience to areas outside the city without having to travel far or spend more. The service is an
The significance of strengthening and developing each individual store is huge, because this is crucial for the company as a whole and it derive its future.
2. When Starbucks was rapidly expanding its store locations in 2006–2009 it made specific changes in order to facilitate that growth. What did Starbucks gain—and give up—as a result of each change?
Rip Van Waffles was started by two Brown University students in 2010, today Rip van Wafels sells its breakfast wafels online, in coffee shops and in specialty retailers throughout America. The case study revolves around the decision regarding a growth strategy for Rip Van Wafels. The company is currently working on a controlled expansion strategy involving expansion to other regions, expanded sales to coffee shops, and expanded sales to corporations. However, besides from this controlled growth strategy two other opportunities for expansion have arisen. In this paper I will explore the two alternatives and make a recommendation on how should the company expand. Certainly, a slow and steady expansion strategy would continue to succeed but the two proposals are opportunities for global expansion that would speed the business’s development. The question is, should Rip Van Waffles pace itself or pursue a risky and ambitious growth strategy.
For this Business Strategy Report, I have selected a restaurant chain named Nando’s. It was established in 1987 by two friends, Fernando Duarte and Robert Brozin (Nando’s.com, 2017). Although being a South African brand it has Portuguese influence and the restaurant chain depicts these designs. Nando’s specialty is flame-grilled chicken spiced with their unique selection of marinade sauces and spices ranging from mild to extra hot and for those individuals not into the hot stuff, there’s a lemon and herb option. It also has other selected food options to choose from in their attractive menu. Its niche market is working middle class male and female customers who enjoy spicy food and casual dining. It also caters for kids and families.
In order to achieve these strategies company undertakes a 5 P’s integrated approach to people, products, place, price and promotion. Company relies on its ability to continue to innovate and reinvesting in the restaurants to develop them according to system plans for world-wide growth, being consistent in providing excellent customer service and clean and friendly environment which enriches customers experience and create an overall difference that balances profitability with value.
•Through franchising, TelePizza has been able to expand its market more rapidly and it also gave store managers the opportunity to run these franchises.
Porcini’s restaurants an Italian specialty restaurant chain located in Boston Massachusetts, owns and operates 23 restaurants in the northeastern part of the United States and employs over 900 employees. The company’s challenge is to expand its restaurant chain working within its limited resources and brand recognition. Complicated with a saturating domestic restaurant market and major brands currently in the market creates a formidable challenge for Porcini’s Pronto operations.
The success of Friend-Z 's, a regional based coffee house in the United States, is in its tenth year of business. The small business venture, which began as a cooperative college project, has grown into one of the best coffee houses on the college scene. Friend-Z 's success has sparked the interest of its partners to take their small business to the next level by expanding into the global market. Competing globally would allow Friend-Z 's Coffee House to take advantage of a larger customer base, opportunity to be a stronger competitor, and thrive in diverse environments. Friend-Z 's international business will increase their client base with every new opening. They are not restricted by location or tied a region with failing economics. Therefore, opening Friend-Z 's to the option of an online market. Friend-Z 's will be able to rise as a stronger competitor in the coffee market, especially in countries with fewer competitors. The presentation of the coffee house will be crucial for becoming comparable or communicating its uniqueness. Friend-Z 's existence in the global market opens up their business worldwide. This business move releases dependency on the local or regional market in the United States, reduces growth restraints, and allows movement from potential economic unrest. The advantages of Friend-Z 's beginning a global business are promising, but it would be wise to consider the possible negative factors before going global.
The objective of a firm confident with the strength and durability of its competitive advantage and internal resources is to export its business in markets where the potentiality of the benefits arising from the business strategy are not exploited fully or at all. A logical path of growth for a firm follows the Entrepreneurial, Organizational, Corporate, and International phase (Giarratana, 2016). Barilla definitely developed to the latter stage around the 1970’s, when Grace saw the opportunity of exploiting this potential final growth of the Italian group. The failure by the American management and ownership did not mean that the concepts were wrong. Actually, Pietro foresaw the opportunity of taking back Barilla and
What can we assume for the BDI (Brand Development Index) and CDI (Category Development Index) of the company?
The purpose of this project is to identify the retailing techniques, processes, systems and practices used by Coffee Island which may not be visible to the regular customer in order to increase its profits. This project will begin by presenting the company and how it operates in the Greek and International market but it will specialize on its operations in Greece. The next step after introducing the company will be to analyze Coffee Island retailing strategy and its retailing mix. In order to attain information about both the retailing strategy and retailing mix an interview was conducted with the store manager of “Coffee Island” Alimou Mr. Theodore Tziaros. The specific store is a franchise store so pieces of information about certain systems, practices, processes and techniques may differ from those that the company officially uses.