What Are the Key Success Factors That Make the Fast Food Business Model Work?
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What are the key success factors that make the fast food business model work? List them below:
The franchising
Marketing investment in building image
The ability to manage volumes, cast and quality
First Mover Advantages (FMA)
Ability to adapt its product to local market.
Local pride and nationalism1. Tough competition between existing establishments such as McDonalds, Kentucky Fried Chicken, Pizza Hut and Wendys as to the quality of food, service time and menu variations at a low price.
2. McDonalds is known for its best locations/ sites.
3. McDonalds succeeded everywhere (globally) because they are very good at selecting the right partners.1. Tough competition between existing establishments such as McDonalds, Kentucky Fried Chicken, Pizza Hut and Wendys as to the quality of food, service time and menu variations at a low price.
2. McDonalds is known for its best locations/ sites.
3. McDonalds succeeded everywhere (globally) because they are very good at selecting the right partners.
PERSONALITIES:
1. Tony Tan Caktiong, President and CEO of the company, wants to further expand his company to other countries and cater the needs of his customers globally.
2. Tony Kitchner, a native of Australia who spent 14 years in Pizza Huts Asia-Pacific regional office, was hired to become
PERSONALITIES:
1. Tony Tan Caktiong, President and CEO of the company, wants to further expand his company to other countries and cater the needs of his customers globally.
2. Tony Kitchner, a native of Australia who spent 14 years in Pizza Huts Asia-Pacific regional office, was hired to become