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Tim Hortons Essay

Decent Essays

1 OUR MOTIVATION Tim Hortons has been a symbol of Canada and an important memory for Canadians. We can understand what an important role Tim Hortons plays by following evidences. Ten cups of coffee sold in Canada, nearly eight cups are from Tim Hortons. And each year, Tim Hortons serves 2billion cups of coffee. Moreover, there are 15% of Canadians, which is more than 5.3 million people, visiting Tim Hortons every day. But Taiwanese are unfamiliar with this famous brand including us, so we are interested about this successful Canadian corporation and how it went global. 2 INTRODUCTION OF TIM HORTONS Tim Hortons chain was founded in 1964 by a Canadian hockey player Tim Hortons and Jim Charade in Hamilton, Ontario, which is known for its coffee …show more content…

Considering the products they provided, Dunkin’ Donuts was the toughest and the only rival for Tim Hortons. Since the market was not yet fully saturated, Tim Hortons did not have to compete with the other food service which provided different category of foods. Despite the fact that Tim Hortons was a late-mover in the US market, it was reasonable that Tim Hortons believed that with the leading position in Canada, it could expand its business to the US. 4.4 ENTRY MODE With Ron Joyce’s strategy, Tim Hortons expanded quickly in both geography and product selection. In 1981, it already had successfully opened almost 150 outlets in Canada, and became the leading chain in Canada. It even resulted in the major changes to the coffee and donut restaurant market in Canada. Tim Hortons thus confidently believed that the expanding strategy could fit well even in the US market, where the geographical distance was close and the culture seemed to be quite similar to that of Canada. Moreover, most of the popular food service at that time entered a foreign market, especially from the US to Canada, with a wholly-owned subsidiary. Especially when Dunkin donuts and Mister Donuts brought in the donut culture successfully and McDonald even became one of the leading food service in Canada. Entry Time Entry Mode A&W 1956 Wholly-owned Subsidiary Mister Donuts 1961 Wholly-owned

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