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App7wrighty

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  • http://www.subway.com/subwayroot/about_us/history.aspx
  • Click on the top speaker first and the continued narration is on the bottom speaker
  • Transcript

    • 1. Organizational Profile
    • 2. The History of Subway
      • In 1965, Fred Deluca opened up a submarine shop in order to fund his dream of becoming a medical doctor.
      • With the assistance of his friend, Dr. Peter Buck he received a $1,000 loan and an offer to become Fred’s partner. This partnership would change the landscape of the fast food industry.
      • The first store was opened in Bridgeport, Connecticut in August, 1965.
      • By 1974, Fred Deluca and Dr, Peter Buck owned and operated 16 Submarine sandwich shops throughout Connecticut.
      • In 1974, they realized their goal to open 32 stores was not within their reach. In order to achieve their goals, they began franchising and launched the SUBWAY® brand.
      • Today, the SUBWAY® brand is the world’s largest submarine sandwich chain with more than 34,000 locations around the world.
    • 3. Subway’s Organizational Structure
    • 4. Culture of the Organization SUBWAY = FAMILY
    • 5. Subway Changes Its Prices
    • 6. Price Change Affects Franchisees’ Bottom Line
    • 7. Overall Effectiveness of the Change Process
    • 8. Making Change Work $5.00 Foot long Franchisees’ Profits
    • 9. Conclusion