Dunkin Donuts: Time to Make a ChangeEssay title: Dunkin Donuts: Time to Make a ChangeDunkin’ Donuts: Time to Make a ChangeThe environmental forces affecting Dunkin Donuts are:Socio-Cultural- Due to the numerous cultures present in Dunkin’ Donuts’ target market, the company as a whole must be in continuous change in order to keep up with its consumers. Dunkin Donuts must keep in mind the age, income, occupation, and most importantly the lifestyles of their customers if they wish to succeed in such a competitive market. As an answer to this problem, the company has implemented several changes aimed at keeping and attracting a new customer base. Many restaurants are looking towards centralized kitchens to maximize space and reduce costs, consequently cutting product costs, thus saving the customer money. The restaurant chain is also adapting many of its stores to the lifestyles of many of its customers. Through renovations, customers are able to relax on comfortable couches and chairs while tuning into the daily news on televisions at any time of the day. This noticeable addition will attract those who are looking to relax as well as retain those customers who are more interested in a grab and go style system.
Economic- In order to attract and retain its customer base, Dunkin’ Donuts must continuously pay special attention to the economic state of this, and every other country in which their stores are located. Because many Americans are in a position where money is tight and sometimes scarce, Dunkin Donuts has to develop a strategy where the customer’s dollar can go as far as it possibly can. By offering coffee, baked goods, and a wide range of specialty goods at fairly lower prices than most of its competitors, Dunkin’ Donuts is able to gain access to a wide consumer base. With the addition of their cafй theme, Dunkin’ Donuts also allows its customers to purchase a coffee or baked good and enjoy it in the store, giving them a chance to relax, read, or watch TV, ultimately adding value to their experience. Massachusetts’ franchise owners are also finding help from MassDevelopment, the state’s economic development agency. Through this agency, the franchise owners are able to apply for tax-exempt loans in order to build central baking facilities. This statewide act not only helps the company but the state of Massachusetts as well.
Technological- With technology developing at such a rapid pace, it has become very important, especially for trendy cafй style restaurants, to keep up with this advancement. In order to attract customers, management has decided to install television sets that can be enjoyed by their customers. Because they realize many people don’t have the time to sit down and read through a newspaper, Dunkin’ Donuts broadcasts day-long local and world news so customers can quickly absorb any sort of news that may be important at that time. Although not mentioned in the article, many popular cafes are starting to provide wireless internet complimentary to their customers. With Dunkin’ Donuts’ plan towards a relaxing and inviting atmosphere, I suspect that it will not be too long before we see these Wi-Fi networks in almost every store. Also with an increase in technology, management has come up with a way to create space for additional seating as well as increase the chain’s efficiency through centralized kitchens. Through these kitchens, Dunkin’ Donuts can easily take advantage of the latest in baking, inventory, and transportation technology.
Competitive- In order to create a competitive advantage over similar restaurants, Dunkin’ Donuts has come up with ways to add value to their product in ways that their competition has not. For starters, Dunkin’ Donuts aims to sell a high quality product at lower rates than top competitors, such as Starbucks. By selling a high quality product at fairly low prices, management feels it has created a niche that will attract and retain their customers. To further compete with stores such as Starbucks, Dunkin’ Donuts has and is continuing to expand their menu to offer their customers a larger selection. Rather than only serving coffee and donuts, Dunkin’ Donuts now serves smoothies, lunch items, and even espresso drinks. To further compete with similar stores, Dunkin’ Donuts has begun a renovation process that they feel will change the retail image and design of their store. By eliminating bolted down seating, blinding fluorescent lights, and a gray-on-gray finish, Dunkin’ Donuts is now promoting a more “cafй-like” atmosphere that will hopefully attract those customers looking for that quick pick me up break. Most importantly however, Dunkin Donuts plan to triple its number of stores over the next decade. By increasing its number of stores and therefore its popularity, Dunkin’ Donuts will have a sure fire competitive lead over all other
n the popular grocery chain. Since they are such a big-business company, it will likely be tough for Dunkin’ Donuts to succeed, but it will take some time for them to establish such growth.
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2. Dunkin’ Donuts: McDonald’s is the Biggest Donuts Company
After a big win in 2014, McDonald’s has decided to move quickly once again to sell more of its products (and its stores). The company began selling items the prior week; however, this time the brand doesn’t expect much success in coming to consumers, much less McDonald’s. A report from last October indicated that that McDonald’s was struggling to attract as many customers as it did. Despite its massive success, however, the chain is still holding down a strong position in the national food pyramid, according to a recent report by a national food journal.[2] McDonald’s has recently become a “laboratory” for innovation within the retail food industry, and is actively pursuing a number of new initiatives including a large expansion of its e-commerce platform and a large expansion of its food service businesses.[3] McDonald’s has already made a $500 million buyout of the largest food chain in the world.
2. Taco Bell and McDonald’s is the Best
Taco Bell and McDonald’s have been on a roll so far.
On October 3, 2015 Taco Bell opened the first of its three locations in Atlanta.[4] On Halloween, Taco Bell and McDonald’s launched a new line for McDonald’s pizza: a “Taco Bell” Pizza, that featured a combination of Pizza of the week and Tofu sandwiches. While Taco Bell has had a long history of pushing the boundaries for brand marketing, recent moves of McDonald’s such as the acquisition of KFC, have also added to this trend.[5] Taco Bell has also recently been expanding its stores to include restaurants such as the Diner Cafe and the Hooters.[6][7] Taco Bell is a key player in Taco Bell’s growing “food revolution” which has seen huge numbers of restaurants take steps on food sovereignty and consumer empowerment. It is also a global leader in the food industry that does not just look to consumers; it is committed to the consumer. In fact, Taco Bell is the only restaurant chain that claims to have no connection to any other brand,[8] yet its customers do not want any part of it. Since the move of Taco Bell to a new and exclusive branch of the restaurant chain, Taco Bell has been consistently ranked among the most profitable companies in the world.[9] Taco Bell is well on its way toward becoming a leader in food innovation and will continue to develop innovations that will allow consumers to find and consume all their favourite food. Taco Bell is not alone in trying to innovate on their brand with its new food line.
One of the major changes at Taco Bell is its new menu which will feature a mix of hot dogs, burgers, and cheese. To help make the experience more familiar and inviting for customers, Taco Bell has been expanding their pizza menu with hot dogs, hot dog sandwiches, tacos, and salads featuring toppings such as cheese, garlic, salt, and pepper.
1. Pizza Hut, Big Easy, Diners Club, and McDonald’s are the Best
On November 7, Taco Bell opened the doors of 12 new Papa John’s locations in the United States, and this event served as a