2.1.1 Demographical Factors: The Following factors included in the demographic factors of KFC:-
• Age Generally there is no age limit which is particularly focused by KFC. They normally target & focus on each and every age of the society, but for moreover in our view they target customers are mainly youngster as compared to the middle & old age.
• Gender
Here they generally focus on the both Males & Females of the society. Household size plays a vital role in the demographical factor of KFC. Generally they target the whole family instead of single person. Family package meals came in handy in this case.
• Population: Population also plays a vital role in KFC. At this point of this population they can implement the strategy and moreover it’s increasing along with the economy.
2.1.2 Economical Factors:
The
…show more content…
It certainly provides a unique service and convenience of enjoying the delicious KFC which offers round the clock, anywhere, thus making fast food truly fast and convenient.
• `KFC should intend to develop its network countrywide through its expansion.
3.2.4 Promotion
The logo has Colonel Harland Sanders that is said to be as one of the best business logo in the world which has created its name as a standard in the global market. It is the identity of the KFC’s brand.
KFC makes its advertisements with a desire to the customer to enjoy healthy and tasty food in their beloved restaurant. They spend 3% of the earnings on their Personal ad. They use print media and most recently doing televised marketing to upgrade it delicious food. Their advertising usually consists of: Billboards, Newspapers, Television and Pamphlets.
KFC has displayed big advertisements on the key places of Ulaanbaatar and have an effective advertisement campaign on the media in order to MOTIVATE its customers.
3.3 Target Segmentation
KFC Target
Food, Fun & Festival, this is what KFC is all about. Leading the market since its inception, KFC provides the ultimate chicken meals for a Chicken Loving Nation. Be it Colonel Sanders secret original Recipe Chicken or Hot & Spicy Version, every bite brings YUM on our face. At KFC we can proudly say, “We Do Chicken right”.
During this clip, there is a part where it stereotypes that all black people like chickens. By showing a black guy taking more pieces of chicken than all other races in this commercial. By using a buff black male eating chicken, KFC want people
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
KFC has a unique pricing strategy that falls solely on their many product lines. Their Value Meals fall into the category of Product Line Pricing. “Where there is a range
This phenomenal rate of expansion in China alone is the result of a mixture of Pricing and Marketing strategies specifically designed for the China market. Starting from 1987, the first KFC store was hugely attractive to Chinese citizens. It mainly targeted consumers who are willing to spend more to get a taste of Western cuisine therefore the price of products in the restaurant are above that of normal Chinese food at that time. The first restaurant was a huge success, serving on average 9,000 customers per day and YUM brand was able to break even within the first year.
As we are all aware of, KCF is a fast food restaurant that specialises in fried chicken and its headquarters is located in Louisville in USA. It is considered the world’s second largest restaurant chain after McDonalds with 18,875 outlets in more than 110 countries and territories as of December 2013, but it is the world’s most popular chicken restaurant. KCF was founded by Harland sanders in the year of 1930. Its first franchise company was opened in Utah in 1952. After the first franchise was opened, KFC started expanding rapidly world-wide, this created a brand image for the company, and their logo became popular and was easily recognised by its external stakeholders. Its strap-line (finger lickin good) defines the deliciousness of their chicken.
Every organizations in this world needs human resource management to control the workers to achieve the company’s goals successfully. Human resource department is the backbone of any organization. Human resource department knows about how to deal with the employee. The main function of human resource department is to maintain the internal communication within the organization. So does KFC. The size of KKC employees is more than 10,000. KFC’s type is subsidiary or business segment. Their revenue is $100 to $500 million USD per year. KFC’s headquarter is located in Louisville, KY. It is founded in 1952. KFC is in industry of restaurants, bars, & food services. The main competitors of KFC here in Malaysia
The second main problem, which I will focus in this essay, is KFC South Africa
KFC is a famous restaurant for tourists. It had £ 674 million sales in 2011. It provides a variety of food
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.
Managers usually are locals and will spend time training at other restaurants before opening the restaurant. KFC's goal is to give every employee the opportunity to pass a formal certification procedure to gain credibility and qualifications.
KFC Does two types of planning, Strategic Planning and Operational Planning. Strategic Planning is done to increase its market worth value of the market share and Operational Planning includes launching of new product to change or innovate its product line for the customers. Planning objectives of KFC are to expand the organization on all over the UAE, to create and build superior quality for the customers, to follow marketing mix strategies and to generate superior financial return for KFC and KFC’s employees. Menu planning is done by researching. Supply chain management planning includes the full process related to the supply of raw materials which include chicken, spices and packing material and to increase operation, the objectives of supply chain management planning is to increase the level of outsourcing, increase globalization, increase the supply, increase the competitive pressure and increase the customers.The KFC mission statement is to “sell food in a fast, friendly environment that appeals to pride conscious, health minded consumers”.
KFC is a fast food restaurant chain that specializes in fried chicken and is headquartered in Louisville, Kentucky, in the United States. KFC was founded by Harland Sander in year 1930 and went on to franchising in 1952.
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.