Taco Bell is a challenger brand in the highly competitive quick service restaurant industry, holding only 4.7% market share compared to market leader McDonald's with 22.8% share. As the number one Mexican-style QSR, Taco Bell focuses on positioning itself against larger chains like McDonald's and Subway by targeting millennials with an edgy, youthful brand personality. While competitors emphasize health, consistency, or value, Taco Bell's unique offerings of tacos, burritos, and proprietary items appeal to a demographic seeking inexpensive, late-night meals. To strengthen its brand and grow market share, Taco Bell analyzes points of parity and difference compared to leaders, and seeks opportunities through strategic partnerships
In this report we will discuss about Phase– Introduction, Introduction of a Company, Brief History, International / National Introduction, Vision, Mission, Core Values, Goals, Nature of Business, Type of Ownership, Identify Key Players and Roles, Organizational Hierarchy, Location(s) of Facility, Number of Technical Employees, Products / Services (single product), Phase– EXTERNAL ANALYSIS, Natural Environment:, Natural Resource Coca Cola need, Present and Future needs of Natural Resources, International Arrangement of Water, Issues they face during arranging and managing, Task Environment: Porter’sForces Model, When (situation), Why (objective / reasons), How (process), who (participants), Issues faced, In what format they collected the data of Porter’s Analysis, What benefits they get from conducting PORTER’s Analysis, Societal Environment: PESTEL Analysis, Phase– Internal Analysis: Organizational Perspective, Vision / Mission / Core Values (discuss separately), Vision, Mission, Core Values, Organizational Policies, CLIMATE CHANGE POLICY, CODE OF BUSINESS CONDUCT(INTEGRITY IN THE COMPANY), GUIDANCE FROM CORE COMPLIANCE OFFICER, ENVIRONMENTAL POLICY, HUMAN RIGHTS POLICY, POST-CONSUMER PACKAGING WASTE MANAGEMENT POLICY STATEMENT, Organizational Culture, How Policies and Core Values are helping in developing culture in their organization (examples), What Factors are Influencing their culture and How, Through what method(s) keep the culture alive, Organizational Structure, Degree to which organizational design elements exit in company structure , Core competencies, What are the company-wide core competencies, Which and How capabilities are linked with each core competency, Which and How resources are linked with each capabilities, On the basis of market analysis (Phase ), evaluate each core competency through Criteria Matrix, Coca - Cola Porter's Value Chain Analysis, Inbound Logistics, Operations, Outbound Logistics, Sales and Marketing, Service, Strategic Objectives, WE FOCUSED ON DRIVING REVENUE AND PROFIT GROWTH, WE INVESTED IN OUR BRANDS AND BUSINESS, WE BECAME MORE EFFICIENT, WE SIMPLIFIED OUR COMPANY, Current Strategies (to achieve above objective) (combination of strategies / single strategy for each objective), Corporate Level Strategies, Business level strategies, Functional level strategies, Financial Strategies, Identify Rival Firms: PepsiCo, PepsiCo’s Strengths (Internal Strategic Factors), PepsiCo’s Weaknesses (Internal Strategic Factors), Opportunities for PepsiCo (External Strategic Factors), Threats Facing PepsiCo (External Strategic Factors), Objectives of PepsiCo, PepsiCo’s Generic Strategies, SWOT Analysis , Phase– Gap Analysis & Recommendations, External Analysis, Internal Analysis
Taco Bell is an American chain of fast-food restaurants based in California.
A subsidiary of Yum! Brands!
Yum! is the leading restaurant company in India with its KFC and Pizza Hut brands.
Taco bell serves variety of Mexican food such as tacos, nachos, burritos and other special items.
In this report we will discuss about Phase– Introduction, Introduction of a Company, Brief History, International / National Introduction, Vision, Mission, Core Values, Goals, Nature of Business, Type of Ownership, Identify Key Players and Roles, Organizational Hierarchy, Location(s) of Facility, Number of Technical Employees, Products / Services (single product), Phase– EXTERNAL ANALYSIS, Natural Environment:, Natural Resource Coca Cola need, Present and Future needs of Natural Resources, International Arrangement of Water, Issues they face during arranging and managing, Task Environment: Porter’sForces Model, When (situation), Why (objective / reasons), How (process), who (participants), Issues faced, In what format they collected the data of Porter’s Analysis, What benefits they get from conducting PORTER’s Analysis, Societal Environment: PESTEL Analysis, Phase– Internal Analysis: Organizational Perspective, Vision / Mission / Core Values (discuss separately), Vision, Mission, Core Values, Organizational Policies, CLIMATE CHANGE POLICY, CODE OF BUSINESS CONDUCT(INTEGRITY IN THE COMPANY), GUIDANCE FROM CORE COMPLIANCE OFFICER, ENVIRONMENTAL POLICY, HUMAN RIGHTS POLICY, POST-CONSUMER PACKAGING WASTE MANAGEMENT POLICY STATEMENT, Organizational Culture, How Policies and Core Values are helping in developing culture in their organization (examples), What Factors are Influencing their culture and How, Through what method(s) keep the culture alive, Organizational Structure, Degree to which organizational design elements exit in company structure , Core competencies, What are the company-wide core competencies, Which and How capabilities are linked with each core competency, Which and How resources are linked with each capabilities, On the basis of market analysis (Phase ), evaluate each core competency through Criteria Matrix, Coca - Cola Porter's Value Chain Analysis, Inbound Logistics, Operations, Outbound Logistics, Sales and Marketing, Service, Strategic Objectives, WE FOCUSED ON DRIVING REVENUE AND PROFIT GROWTH, WE INVESTED IN OUR BRANDS AND BUSINESS, WE BECAME MORE EFFICIENT, WE SIMPLIFIED OUR COMPANY, Current Strategies (to achieve above objective) (combination of strategies / single strategy for each objective), Corporate Level Strategies, Business level strategies, Functional level strategies, Financial Strategies, Identify Rival Firms: PepsiCo, PepsiCo’s Strengths (Internal Strategic Factors), PepsiCo’s Weaknesses (Internal Strategic Factors), Opportunities for PepsiCo (External Strategic Factors), Threats Facing PepsiCo (External Strategic Factors), Objectives of PepsiCo, PepsiCo’s Generic Strategies, SWOT Analysis , Phase– Gap Analysis & Recommendations, External Analysis, Internal Analysis
Taco Bell is an American chain of fast-food restaurants based in California.
A subsidiary of Yum! Brands!
Yum! is the leading restaurant company in India with its KFC and Pizza Hut brands.
Taco bell serves variety of Mexican food such as tacos, nachos, burritos and other special items.
On October 18, 2012, Steven Ells, the founder, chairman of t.docxcherishwinsland
On October 18, 2012, Steven Ells, the founder, chairman
of the board, and co-chief executive officer (CEO) of
the Denver, Colorado-based restaurant chain, Chipotle
Mexican Grill (CMG), completed the conference call fol-
lowing the release of the company’s third quarter 2012
results. While the reported results were positive, analysts
picked on the slowing down of same-stores sales (a key
metric for restaurant chains), the competition from Yum
Brands’ Taco Bell and their recent launch of the Cantina
Bell menu and CMG’s announcement that food costs
were expected to increase in the near future. Following
the announcement of third quarter results, CMG’s stock
went down by nearly 12 percent in intra-day trading to
finally stabilize at a 4 percent drop over the previous
day’s price. At the end of trading on October 18, CMG’s
stock price was at $285.93, a significant decline from a
52-week high of $442.40.1 CMG had been the darling
of both Wall Street and its customer base ever since the
company’s founding in 1993 and its 2006 initial public
offering (IPO). Investors were attracted to CMG for its
fast growth and sizeable profit margins, while customers
responded favorably to its “Food with Integrity” mission
of serving good quality food with inputs sourced using
sustainable farming practices. Both Ells and his co-CEO,
Montgomery F. Moran, had to respond to the challenges
confronting the company.
The U.S. Restaurant Industry2
Profile
For the year 2012, the National Restaurant Association
projected total U.S. restaurant sales of $631.8 billion
(compared to $379 billion in 2000 and $239.3 in 1990),
which represented nearly 4 percent of the gross domestic
product. There were 970,000 restaurant locations, and
the industry employed 12.9 million people (10 percent
of the total workforce). The restaurant industry’s share
of the food dollar was 48 percent in 2012 compared to 25
percent in 1955.3
The restaurant industry consisted of a number of seg-
ments such as eating places, bars and taverns and lodging
place restaurants. The three largest segments were full ser-
vice, quick service and fast casual. Full service restaurants
offered table ordering, and the average check (revenue per
customer) was the highest of the three segments. While
national chains such as Darden Restaurants (operator of
Red Lobster, Olive Garden and Longhorn Steakhouse)
and Dine Equity (IHOP and Applebee’s) existed in this
segment, the majority of operators were individuals,
families or limited partnerships. This segment accounted
for 31.7 percent of industry revenues in 2011.
The quick service segment (previously referred to
as “fast food”) consisted of restaurants that offered fast
CASE 8
Chipotle: Mexican Grill, Inc.:
Food with Integrityi
i. This case has been written on the basis of published sources only. Consequently, the interpretation and perspectives presented in this case are not necessarily those of
Chipotle Mexican Grill.
Restaurant Monthly Update December - 2016Duff & Phelps
October marked the seventh month out of the past eight with declining sales for the restaurant industry. While both same-store sales and traffic growth showed modest improvements from September, the results continue to raise concerns for the industry. Despite challenges in the sector, a number of emerging concepts across the restaurant industry have received additional rounds of funding from institutional and strategic investors.
Case studyASSIGNMENTCase Burger King (Mini Case)(J. David.docxwendolynhalbert
Case study
ASSIGNMENT
Case: Burger King (Mini Case)
(J. David Hunger)
ORIGINALLY CALLED INSTA-BURGER KING, the company was founded in Florida in 1953 by Keith Kramer and Matthew Burns. Their Insta-Broiler oven was so successful at cooking hamburgers that they required all of their franchised restaurants to use the oven. After the chain ran into financial difficulties, it was purchased by its Miami-based franchisees, James McLamore and David Edgerton, in 1955. The new owners renamed the company Burger King. The restaurant chain introduced the first Whopper sandwich in 1957. Expanding to over 250 locations in the United States, the company was sold in 1967 to Pillsbury Corporation.
The company successfully differentiated itself from McDonald’s, its primary rival, when it launched the Have It Your Way advertising campaign in 1974. Unlike McDonald’s, which had made it difficult and time-consuming for customers to special-order standard items (such as a plain hamburger), Burger King restaurants allowed people to change the way a food item was prepared without a long wait.
Pillsbury (including Burger King) was purchased in 1989 by Grand Metropolitan, which in turn merged with Guinness to form Diageo, a British spirits company. Diageo’s management neglected the Burger King business, leading to poor operating performance. Burger King was damaged to the point that major franchises went out of business and the total value of firm declined. Diageo’s management decided to divest the money-losing chain by selling it to a partnership private equity firm led by TPG Capital in 2002.
The investment group hired a new advertising agency to create (1) a series of new ad campaigns, (2) a changed menu to focus on male consumers, (3) a series of programs designed to revamp individual stores, and (4) a new concept called the BK Whopper Bar. These changes led to profitable quarters and re-energized the chain. In May 2006, the investment group took Burger King public by issuing an Initial Public Offering (IPO). The investment group continued to own 31% of the outstanding common stock
Business Model
Burger King was the second largest fast-food hamburger restaurant chain in the world as measured by the total number of restaurants and system wide sales. As of June 30, 2010, the company owned or franchised 12,174 restaurants in 76 countries and U.S. territories, of which 1,387 were company-owned and 10,787 were owned by franchisees. Of Burger King’s restaurant total, 7,258 or 60% were located in the United States. The restaurants featured flame-broiled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, and other low-priced food items.
According to management, the company generated revenues from three sources: (1) retail sales at company-owned restaurants; (2) royalty payments on sales and franchise fees paid by franchisees; and (3) property income from restaurants leased to franchisees. Approximately 90% of Burger King Restaurants were franchi ...
Create an develop advertising plan for successful restaurant as part of team to include situational analysis, objectives, strengths & weaknesses, budgeting, strategy, execution, and evaluation. Direct responsibility for media plan covering strategy, media assessment, targeted execution, and budget allocation for best engagement with sought after market. (2006)
Case study on the cause marketing effort of "Hanes for Good" from HanesBrand Inc. West Virginia University's Integrated Marketing Communication master's program. Spring 2014.
Integrated Marketing Communication Plan for WVU IMC ProgramThomas Armitage
Integrated marketing communication campaign for St. Jude Children's Research Hospital to reach the teenage target audience. Final capstone project for West Virginia University's Integrated Marketing Communication master's program. Spring 2014.
A.I. (artificial intelligence) platforms are popping up all the time, and many of them can and should be used to help grow your brand, increase your sales and decrease your marketing costs.In this presentation:We will review some of the best AI platforms that are available for you to use.We will interact with some of the platforms in real-time, so attendees can see how they work.We will also look at some current brands that are using AI to help them create marketing messages, saving them time and money in the process. Lastly, we will discuss the pros and cons of using AI in marketing & branding and have a lively conversation that includes comments from the audience.
Key Takeaways:
Attendees will learn about LLM platforms, like ChatGPT, and how they work, with preset examples and real time interactions with the platform. Attendees will learn about other AI platforms that are creating graphic design elements at the push of a button...pre-set examples and real-time interactions.Attendees will discuss the pros & cons of AI in marketing + branding and share their perspectives with one another. Attendees will learn about the cost savings and the time savings associated with using AI, should they choose to.
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthDemandbase
In this session, Demandbase’s Stephanie Quinn, Sr. Director of Integrated and Digital Marketing, Devin Rosenberg, Director of Sales, and Kevin Rooney, Senior Director of Sales Development will share how sales and marketing shapes their day-to-day and what key areas are needed for true alignment.
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
SEO as the Backbone of Digital MarketingFelipe Bazon
In this talk Felipe Bazon will share how him and his team at Hedgehog Digital share our journey of making C-Levels alike, specially CMOS realize that SEO is the backbone of digital marketing by showing how SEO can contribute to brand awareness, reputation and authority and above all how to use SEO to create more robust global marketing strategies.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
So is there science behind what makes people absolutely irresistible on camera?
The answer: definitely yes.
In this jam-packed session with Stephanie Garcia, you’ll get your hands on a steal-worthy guide that uncovers the art and science to being irresistible on camera. From body language to words that convert, she’ll show you how to captivate on command so that viewers are excited and ready to take action.
Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.\
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
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- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
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Digital platforms are constantly multiplying, and with that, user engagement is becoming more intricate and fragmented.
So how do you effectively navigate distributing and tailoring your content across these various touchpoints?
Watch this webinar as we dive into the evolving landscape of content strategy tailored for today's fragmented user journeys. Understanding how to deliver your content to your users is more crucial than ever, and we’ll provide actionable tips for navigating these intricate challenges.
You’ll learn:
- How today’s users engage with content across various channels and devices.
- The latest methodologies for identifying and addressing content gaps to keep your content strategy proactive and relevant.
- What digital shelf space is and how your content strategy needs to pivot.
With Wayne Cichanski, we’ll explore innovative strategies to map out and meet the diverse needs of your audience, ensuring every piece of content resonates and connects, regardless of where or how it is consumed.
First Things First: Building and Effective Marketing Strategy
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Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
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How To Remember Forgotten Stories
How To Use Customer Experiences As Stories For Your Brand
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No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
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Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Brand Audit for Taco Bell
1. - 1 -
THINK OUTSIDE THE BRAND | Brand Audit for Taco Bell
October 17, 2013
Thomas J. Armitage
Week #6 – Brand Inventory
Thomas J. Armitage | IMC 613
Week #9
3. - 3 -
Executive Summary
Being a challenger brand in a saturated, competitive market poses a number of challenges,
especially when compared to strong market leaders. But, with strategic planning, brand
managers can identify areas for growth and key points of difference to capitalize upon.
Marketing expert and author Ove Haxthausen once described the many opportunities of a
challenger brand. “Building a challenger brand begins with a different view of your category—a
new way of segmenting the market…It will lead the challenger brand to develop an offering
that is new, typically in terms of the product, the positioning, the price, or any combination of
those elements to address an untapped need in the marketplace” (Haxthausen, 2004, pg. 2).
Taco Bell is one great example of a strong challenger brand. It has developed a unique
positioning in the marketplace by being fun, edgy and youthful while offering inexpensive, tasty
Mexican style meals. It also has opportunity for growth. By focusing on the right areas, Taco
Bell can strengthen its brand positioning and steal market share away from market leaders
McDonald’s and Subway in the very popular quick service restaurant (QSR) industry.
4. - 4 -
The Industry
Taco Bell competes in a highly competitive
category: quick service restaurants (QRS). The
fast food industry, or QSR, comprises the
various quick-turnaround restaurants on the
market – including coffee shops, pizza places
and sandwich cafes. Although a trailblazer in
the Mexican style meal subcategory, Taco Bell
still finds itself fighting an uphill battle to steal market share away from category leaders
McDonald’s and Subway. Despite increased franchises, high profile sponsorships, massive
marketing efforts, and even new product offerings, Taco Bell still fights for less than 10% of
market share in the industry. There is room for growth, however. By understanding points of
parity and points of differences, and analyzing areas for growth compared to the market
leaders, Taco Bell can attract new customers and steal a percentage away from its competitors.
Market Position
Taco Bell has become quite well-known over the past 50 years with its Mexican-style fast food.
Items like tacos, quesadillas, and burritos fill its menu. More proprietary meals like the Cheesy
Gordita Crunch, Chalupa Supreme, and Spicy Buffalo Griller have become fan-favorites among
many ages and demographics (Food, 2013). The product names were specifically selected to
sound Mexican but appeal to an American audience.
Figure 1(Source: cdn.sheknows.com)
5. - 5 -
Taco Bell was founded in 1962 by Glen Bell. It is
owned by Yum! Brands, based in Louisville, KY.
This parent company is the world’s largest
restaurant company in terms of system
restaurants with more than 39,000 to its name in 130 countries (also owns KFC and Pizza Hut)
(About Yum Brands, 2013). Yum! Brands was previously a PepsiCo brand which explains Taco
Bell’s longtime partnership with the soft drink company, which is currently ongoing. Today,
Taco Bell serves more than 35 million customers every week (About Yum Brands, 2013).
Taco Bell’s advertising as of late has focused around the slogan “Live Mas,” or, “Live More” in
Spanish. Their messaging has been edgy, youthful, humorous and quirky. Just last year, Taco
Bell partnered with Frito Lay, market leader in the dry snacks category, to develop a custom
menu item – the Doritos Locos Tacos®. In just 10 weeks, it became the fast food restaurant’s
most popular item ever (Doritos Locos Tacos, 2012). In addition, they’ve also held partnerships
with Pepsi, being the only restaurant location to serve the Mountain Dew Baja Blast flavor.
“Mountain Dew Baja Blast, which features a Mexican-inspired tropical lime flavor, marks the
first time an international beverage company and quick-service restaurant have collaborated to
create a proprietary beverage specifically designed to complement the chain's menu items”
(New Mountain Dew, 2006). Taco Bell has also held multiple sports sponsorships over the years.
Through its marketing efforts, its messaging and its products, Taco Bell has worked to reach out
to its target audience - young men and women who are not health conscious, enjoy cheap
Figure 2 (Source: groundfloormedia.com)
6. - 6 -
meals and late night snacks, and are actively participants in sports and popular TV viewing. They
also focus on audience members who want an alternative to standard sandwiches and burgers,
found at many of their competitor restaurants. “[Taco Bell] seem to be aware that their target
market is those of us between 18-34 years old who know that eating healthy is important from
time to time but we also enjoy having a taco or two… or three (or five or six, this is a judgment-
free zone). Their ads further drive home this point by featuring this age group and demographic
to create a feeling of belonging” (Swanson, 2012, pg. 1). Just this past year, the chain
announced that they would discontinue all kids’ meals from their menu in an attempt to make
their positioning more clear. “‘We want to strengthen and be really clear and focused on our
brand positioning as the brand for millennials,’ [CEO Greg Creed] said. ‘And a kid's meal is just
inconsistent with the edgy, left-of-center millennial brand’” (Satran, 2013, pg. 1).
There certainly is a stigma that exists with Taco Bell products being unhealthy and low quality.
But Taco Bell sometimes embraces it – to a certain extent - a reflection of them understanding
their target audience who does not always pay close attention to the health benefits of their
fast food choices and places more value on convenience and
consistency.
Brand Hierarchy
Unlike some other QSRs, Taco Bell does not have other brands
within its banner. However, it does belong to the larger Yum!
Brands name. Along with Taco Bell, this conglomerate operates both KFC and Pizza Hut lines,
Figure 3 (Source: images.forbes.com)
7. - 7 -
who also own significant market share. Yum! Brands is based in Louisville, KY and is the largest
restaurant company in terms of locations. The corporation is ranked #201 on the list of Fortune
500 with revenues exceeding $13 billion (About Yum Brands, 2013). With the financial backing
from Yum! Brands, natural ties to KFC and Pizza Hut, and a long-standing relationship with Pepsi
Co., Taco Bell is in a nice position for potential co-ops and aggressive spending.
Competitive Landscape
The QSR industry is a competitive one. Containing all types of restaurants that feature foods
and beverages with fast turnaround times, the category contains well-known brands like
Dunkin Donuts, Pizza Hut, Panera Bread and Sonic. Covering sub-categories like sandwich and
burger shops, donut and coffee shops, and pizza places, the QRS industry features fierce
competitors who have embarked on a number of different styles of marketing to better
compete in the marketplace.
According to QRS Magazine, the market leader of the category is ultra-popular burger shop
McDonald’s. Although there are hundreds of eateries that fit into the category, we will focus
(statistically) on the top 50. Based on this set, McDonald’s earns 34.7 billion annually and holds
22.8% market share. Subway, which follows in second, earns 7.6% market share. Conversely,
Taco Bell, coming in at sixth place, has 4.7% market share and earns $7 billion annually. The top
15 market leaders make up more than 75% of market share for the category (Oches, 2012). See
the chart below for a list of the top 10 market share leaders and their respective earnings.
8. - 8 -
Figure 4 (Source: Oches, 2012)
Despite the still dull economy and increasing trends for healthier eating, the quick service
restaurant industry is slated to continue growing. “The restaurant industry as a whole—which is
larger than 90 percent of the world economies—is projected to bring in an average of $1.8
billion each day next year. Restaurant operators will purchase $237 billion in food and
beverages, with quick serves contributing $59 billion to this total” (Avant, 2012, pg. 1.).
Taco Bell is the number one restaurant in the sub-category of Mexican quick service. But it
doesn’t put its focus on this group. Posing as a challenger brand in the more comprehensive
quick service category, Taco Bell positions itself against the larger restaurant chains to
compete. According to writer Sam Oches, “Companies like Del Taco, Taco John’s, and Taco
Bueno, however, are not the fast feeders [Taco Bell CEO Greg] Creed considers competition;
9. - 9 -
that would be companies like McDonald’s, Burger King, and Wendy’s, which Creed says Taco
Bell competes with on the convenience front” (Oches, 2011, pg. 1). Since these restaurants
have considerable market share, if Taco Bell even taps into a small percentage, it would
translate to millions of additional dollars annually.
Market Leaders
The fast food industry is filled with an assortment of restaurants, each with different offers and
serving distinct meals. McDonald’s leads the way with its famous set of items including Big
Macs, Double Bacon Cheeseburgers and Happy Meals. At $34.2 billion in revenue annually, they
are the market share leader. Trailing in second is Subway, the prevalent sandwich shop with
almost twice as many locations as McDonald’s. Subway brings in $11.4 billion in annual
revenue. Taco Bell sits in sixth place with $7 billion in revenue with its 5,670 locations
nationwide (Oches, 2012).
McDonald’s
McDonald’s: the beloved and long-standing American
brand tops the QSR category. They have led the
category for decades. Inexpensive costs, wide variety of
menu items, value meals, convenience, and consistency
are only a few reasons for their success. Another is the
ability to target youth. According to Time Magazine,
Happy Meals, McDonald’s kids meals, account for 10% of total sales. Conversely, Kids Meals at
Figure 5 (Source: thestamp.umd.edu)
10. - 10 -
Taco Bell only accounted for 1% of sales before they dropped the items from their menu
(Tuttle, 2013, pg. 1).
There is a clear difference in positioning and product offering between McDonald’s and Taco
Bell. McDonald’s features good ‘ol American hamburgers, fries and similar products.
Meanwhile, Taco Bell boasts Mexican-style cooking. McDonald’s demographic spans
generations, with a keen eye on youngsters with its ever-successful Happy Meals and children’s
items. Taco Bell on the other hand has made it clear that they are focused on millennials and
wants their edgy marketing to resonate amongst 20-year-olds who want a tasty meal choice.
Taco Bell also is interested in fast turnaround times and a pleasant experience both in the drive-
thru and inside its locations.
One area where McDonald’s struggles,
however, is reaching out to millennials, or
20-year-olds. “McDonald's may be the
country's No. 1 fast-food chain and one of
its most-beloved brands, but when it
comes to millennials, the Golden Arches
says it doesn't even rank among the
demographic's top 10 restaurant chains…They're 80 million [people] but they're influencing the
next 80 million, both younger and older” (Morrison, 2013, pg. 1). McDonald’s believed that the
McWrap would be key to reaching this demographic and help them compete for the younger
Figure 6 (Source: appleridgestone.com)
11. - 11 -
audience. Meanwhile, Taco Bell has been embarking on a campaign to own the millennial
market through its strategic efforts and offering. These few areas display the distinct
positioning between the two fast food chains.
Key points of difference for McDonald’s include:
- Well-known name
- Consistency and long-standing product lines
- Inexpensive meals with popular value menu
Subway
Unlike many of the other restaurants
on the QSR Top 50 list, Subway
positions itself by focusing on healthy
choices. It kicked off spokesperson
Jared Fogle’s weight loss advertising
campaign in 2000. “More than a decade later, the sandwich chain continues to reap the
benefits of launching a healthy marketing message before it was trendy. Subway ranked No. 1
overall in the 2011 YouGov's BrandIndex, which measures consumers' perceptions about a
brand, whether derived through the news, social media, advertising or word of mouth” (Kelso,
2012, pg. 1). To try and even the playing field, Taco Bell has begun to introduce more healthy
options on its menus. “Yum! [is] working to improve restaurant ergonomics and offering
healthier, higher-quality menu items such as the Cantina Bell line…In turn, they're able to more
Figure 7 (Source: lonelyconservative.com)
12. - 12 -
effectively compete with up-and-coming fast-casual concepts like Chipotle Mexican Grill and
Panera Bread” (Symington, 2013, pg. 1). This move will try to cancel out Subway’s healthy focus
as a point of difference.
Subway manages the most restaurants, by far, among QSR chains. At almost 25,000, Subway
dominates the field in terms of franchises (Oches, 2012). Taco Bell is in the process of working
to offset this benefit. Taco Bell currently has 5,600 locations but plans to build another 2,000 or
so by the year 2020 (Brandau, 2013). Subway also has set a considerable budget aside for
advertising spend – but not nearly as strong as McDonald’s – while touching on a number of
channels and platforms. “Subway's advertising budget in 2010 amounted to about $400 million,
compared to about $837 million for McDonald's…Subway generates significant positive buzz
simply through word of mouth…They benefit from being a healthy but fast option, and they're
also aggressive on price points” (Kelso, 2012, pg. 1). Taco Bell spent $280 million in that time.
Key points of difference for Subway include:
- Healthier choice compared to other fast food restaurants
- Many more locations than competitors
- Multitude of options based on variety of meats and toppings
Brand Inventory
Taco Bell has a cool factor. It’s exciting, it’s young and it’s free. Speaking directly to millenials,
many of whom like to party on the weekends, their brand personality is reflected through the
13. - 13 -
language in their social content, the messaging in their ads, the imagery across media, and
more. They love the fact that they do not serve plain old American sandwiches like their
competitors and instead boast items that are more fun. The brand makes it well-known who it
is looking to serve: 20-year-olds who want inexpensive meals in a hurry. One recent marketing
move that clearly indicates their audience is the removal of their Kids Meal items. “Taco Bell
decided to get rid of kids meals because they weren’t big money makers. Kid’s meals are not
part of Taco Bell’s long-term brand strategy and have had an insignificant impact on system
sales...The elimination of kids meals may also resound with Taco Bell’s core customers in their
teens and 20s” (Tuttle, 2013, pg. 1).
Brand Elements
Brand elements “are those trademarkable devices that serve to identify and differentiate the
brand. The main ones are brand names, URLs, logos, symbols, characters, spokespeople,
slogans, jingles, packages, and signage” (Keller, 2012, pg. 143). The Taco Bell name and logo
play perfectly into founder Glen Bell’s name. It helps to give the brand historic meaning while
also making for a cute and memorable logo. The URL and social media handles are easy to recall
based on the name and include tacobell.com, facebook.com/tacobell and @tacobell. The brand
no longer uses a spokesperson or character, although for several years they had a talking
Chihuahua who announced “Yo Quiero Taco Bell,” or “I want Taco Bell” in Spanish. Meanwhile,
the latest slogan “Live Mas” is the basis of recent ad campaigns and signage.
14. - 14 -
Keller notes there are six criteria for successful brand elements. These include memorability,
meaningfulness, likeability, transferability, adaptability, protectability. The first three are
offensive strategies while the latter three play a defensive role in leveraging brand equity
(Keller, 2012, pg. 143).
Taco Bell has carried out many tactics over the years that can be deemed memorable. In
addition to their custom-named menu items (like the Crunchwrap Supreme), they have also
produced many ads and PR efforts that are worth remembering. One specific example is the
[now] famous publicity stunt that the
brand pulled in 1996. On April Fools’
Day, the company took out full-page
ads in six major newspapers and
announced that it had purchased the
Liberty Bell in Philadelphia – a fitting
purchase based on the brand’s name
and logo. They planned to rename the
American icon the “Taco Liberty Bell” but leave it on display still for public viewing. Many
Americans were outraged and called the National Parks Service to complain, before it was
revealed that it was all just in fun (Fletcher, 2011). The press alone garnered millions of
impressions, not to mention word of mouth traction. The event was a success and is still
remembered today. This is only one example of Taco Bell’s memorability shining through in its
marketing campaigns.
Figure 8 (Source: nsf.gov)
15. - 15 -
More traditional ads play into Taco Bell’s ability to be meaningful, or ability to promote both
the brand’s offering and brand personality. One stand-out example is from last year’s Super
Bowl, the main event for big brands to showcase their best advertising work. “In a year where a
lot of companies swung and missed with their attempts at standing out from the crowd, Taco
Bell did something unique, and it paid off. It's hard not to laugh at some of the childish antics
throughout the spot” (Daniels, 2013, pg. 1). The commercial, dubbed “Viva Young,” featured
elderly folks escaping from their nursing home
to enjoy a night out on the town – partying,
dancing, drinking, and even getting tattoos on
a whim. The spot reinforced the message that
Taco Bell is fit for the young. But this
particular spot showed that they mean
“young at heart,” and that the brand is not
necessary bound by age restrictions. Many lists ranked it as one of the best and most effective
ads from the 2013 Super Bowl. The ad really demonstrated many of the perceptions that they
hope audience members associate with the brand: youth, fun, energy, partying, and just being
silly, while being memorable and meaningful at the same time.
Taco Bell loves to be humorous and light in its marketing campaigns. This enhances the overall
likeability of its brand. “None of those chains present quite the quick-serve offering that Taco
Bell does—not in product, not in value, and not in branding. The 49-year-old Mexican category
leader marches to the beat of its own drum, comfortable serving cheap food to a younger
Figure 9 (Source: Daniels, 2013)
16. - 16 -
demographic” (Oches, 2011, pg. 1). The talking dog, the dancing grandpa and the first kiss over
a taco are only some examples of ads that are likeable. Another simple tactic that Taco Bell uses
is the phrases and sayings on its sauce packets.
They are cute, short and sometimes sweet.
“Ahhh…we meet again,” “Things just got real,” and
“Where are you taking me?” are only a few of the
many random sayings you might pull at your next
trip. The fortune cookie-like approach is a small way
of promoting the fun nature of the brand.
Although Taco Bell focuses its efforts on the U.S. market, it did launch plans to expand overseas
in 2008. According to the Wall Street Journal: “The challenge will be going to countries where
Mexican food isn't popular and persuading customers to try the Americanized version sold at
Taco Bell. [Chairmen David] Novak says the lack of authenticity in the chain's Mexican cuisine is
an advantage. ‘It owns its own category,’ he says” (Adamy, Abi-Habib, 2008, pg. 1). And in a
way, he’s right. The “special” taste of Taco Bell may not transfer across all overseas markets
(Mexican, for example), but areas that crave American style meals will certainly take notice.
Many of the simple ads that focus on partying and fun will also transfer well across foreign
markets, enhancing its transferability.
Taco Bell has been quick on their toes in many instances over the past 50 years, responding to
many changes in the environment and in media, while displaying their adaptability. The unique
Figure 10 (Source: grubgrade.com)
17. - 17 -
partnership with Pepsi Co. to be the only retailer
to carry Mountain Dew Baja Blast and the co-op
partnership with Frito Lay to develop and serve
the Doritos Locos Tacos (most successful product
to date) are two prime examples of proactive
thinking (New Mountain Dew, 2006). Additionally,
their strategic and smart use of social media has allowed them to speak directly with their
consumer audience and learn about likes/dislikes in real-time.
Protectability is an important criterion for a strong brand presence. In addition to having a
contract to be the only seller of Baja Blast, Taco Bell has a number of other terms laid out to
protect its brand entities. Its website notes items like its logo, slogan, font and images as all
being protected by law (Terms of Use, 2013). Throughout their ads, they maintain streamlined
messaging and keep to brand consistency in font, color and layout.
Product
Taco Bell is well-positioning in the QSR category and the only Mexican style restaurant in the
top 15. Capitalizing on this style of food which isn’t as readily available to the American
population (at least compared to traditional sandwiches), means they have found a niche with
an assortment of products.
Figure 11 (Source: images.wikia.com)
18. - 18 -
Figure 12 (Source: tacobell.com)
Taco Bell has existed since 1962 when founder Glen Bell started the Mexican style restaurant in
California. Since, they have gone public, expanded nationwide and overseas, and have been
owned by Pepsi Co (prior) and now Yum! Brands. They serve more than 35 million customers
every week (About Yum Brands, 2013). Within the portfolio is a wide variety of quickly prepared
menu items. Here is a short list:
- Catina Bowl - Doritos Locos Tacos Supreme
- Cheesy Roll Up - Smothered Burrito Shredded Chicken
- Mexican Pizza - Cheesy Gordita Crunch
- Fiesta Taco Salad - Volcano Nachos
- Chalupa Supreme - Meximelt
- Crunchwrap Supreme - Churros
19. - 19 -
The chain also offers a number of frozen beverages and soft drinks, including the proprietary
Mountain Dew Baja Blast, which stems from a unique partnership between Taco Bell and Pepsi.
In fact, the recipe was specifically designed to cater to the taste of Taco Bell products. They are
the only retailer to carry the custom-made drink (New Mountain Dew, 2004). Finally, Taco Bell
boasts one of the fastest drive thru services in the category (Oches, 2013, pg. 1). This helps to
satisfy customers who are in a rush and need quick turnaround time on their meals or snacks.
Place
There is a vast difference that exists in the number of locations between Taco Bell and market
leaders McDonald’s and Subway. According to QSR Magazine, Subway leads the market with
the most retail locations at almost 25,000. McDonald’s has 14,000 while Starbucks has 11,000,
in second and third, respectively (Oches, 2012). Taco Bell currently has 5,600, more than four
times less than Subway. “In the U.S., [analyst Andy Barish] noted that Yum's incentives for Taco
Bell franchisees to build restaurants units could end up taking away market share from
McDonald's Corp. and Chipotle Mexican Grill Inc” (Taco Bell seeing success, 2012, pg. 1). Plans
for building more locations to reach more customers are already in the works (Brandau, 2013).
See the chart below for the number of locations for the top 10 restaurants in the QSR category.
20. - 20 -
Figure 13 (Source: Oches, 2012)
Price
Taco Bell’s low price point is a key point of parity for the company, to stay on par with other
fast food chains. “Yet [Greg Creed, CEO of Taco Bell] remains unwavering in his belief that Taco
Bell fits a special niche in the marketplace, one that is not in danger of succumbing to the
upgrades of the fast-casual industry. For starters, Creed says, some people just want to pay less
for Mexican food” (Oches, 2011, pg. 1). Oches also notes that many consumers do not want to
pay $8 for a burrito, the cost at some of Mexican restaurants. As a result, the low price point
works to Taco Bell’s advantage.
“With already some of the lowest prices in the industry, though, Taco Bell was not forced
to do what many in the restaurant industry rushed to at the height of the recession—
21. - 21 -
deep discounting. The Yum! Brands concept was already offering about 10 items for $1
or less on its Why Pay More! menu, and the $2 Meal Deals unveiled in 2010 gave
customers four options that paired a burrito or taco with a drink and chips—a move that
marked the two-buck price point as a magic number across the industry. Still, now that
the economy is improving and many restaurant companies are laying off their price
slashing, Creed says that cheap food will continue to be Taco Bell’s strategy” (Oches,
2011, pg. 1)
Promotion
Taco Bell reaches its consumers on a number of fronts including both traditional and new
media. “To reach its targeted millennial audience, Taco Bell experimented with social media in
ways other companies in its category have not…You have to go to these other screens, because
in the end, kids in college dorm rooms don't even have TVs, they're using laptops…The brand
has also invested time into other new platforms like Vine, Pheed and Snapchat” (Morrison,
2013, pg. 1). Staying ahead of the curve on new platforms has allowed them to get in front of
millennials before their competitors do. Meanwhile, they continue to focus on mass media as
well. “The overall media mix hasn't changed dramatically. Taco Bell…spends 70% of its budget
on proven media like TV, 20% on newer media such as digital, and 10% on media [elsewhere]’”
(Morrison, 2013, pg. 1).
Sports sponsorships, heavy social media activity, and quirky messaging in traditional advertising
help display Taco Bell’s love for the 18-35-year-old demographic. Their recent slogan change of
22. - 22 -
“Think Outside the Bun” to “Live Mas” played into the marketing strategy to embrace this
audience. Just in 2012, the “Live Mas” campaign was supported by a $280 million measured
media spend and attempted to position the brand as more of a lifestyle or experience, than just
a place to stop and grab a quick bite to eat (Morrison, 2013, pg. 1). Through this positioning,
the target audience can become more closely attached to the brand, purchase more often, and
promote through word of mouth efforts.
Points of Parity
According to author and marketer Kevin Keller, points of parity are benefits that “are not
unique to the brand but may in fact be shared with other brands” (Keller, 2012, pg. 84). In many
cases, this is how the company survives. They are the brand benefits that are only meant to
“keep up with the Jones’s” or simply even the score and cancel out points of differences for
competitors. These are benefits that consumers might find at a number of different competing
brands. For Taco Bell, they are meant to offset McDonald’s, Subway and others’ efforts so
consumers can enjoy the same benefits in all places.
One specific item here is the value menu. McDonald’s and Burger King are widely known for
their cheap dollar items. Subway caught quite a bit of traction several years ago with its $5 foot
long promotion which has become a permanent offering for some items. Just this past year,
Taco Bell began to follow suit. “Taco Bell is testing a new value menu that could put it in more
direct competition with the Dollar Menu at McDonald's….The Mexican-fast-food chain is testing
a ‘$1 Cravings Menu’ in two markets…If successful, it would replace the chain's current value
23. - 23 -
menu, called "Why Pay More," with items priced at 89 cents and 99 cents” (Look out,
McDonald’s, 2013, pg. 1).
Besides the value menu, here are a few other points of parity for Taco Bell:
- Drive thru experience
- Inexpensive costs
- Many locations, nationwide
Points of Difference
From Keller, points of difference are “attributes or benefits that consumers strongly associate
with a brand, positively evaluate, and believe that they could not find to the same extent with a
competitive brand” (Keller, pg. 83, 2012). This is where a company thrives. It’s the areas that
should be focused upon in marketing to set the brand apart from the rest and give consumers
“reasons to believe” or purchase these products over others.
One specific point of difference for
Taco Bell is their “Fourthmeal”
offering, or the ability to order food
late at night. Taco Bell stays open
until 1 or 2 a.m., and even later at
certain locations. “[Taco Bell]
decided to emphasize its fourthmeal Figure 14 (Source: fool.com)
24. - 24 -
because Americans are eating later than in the past. Nearly 45% of Taco Bell's key demographic
-- males ages 18 to 29 -- eat later than 7 p.m. Taco Bell also found in 2006 that about 40% of
Americans work a nontraditional schedule, meaning they put in hours late at night and on
weekends or work extra-long shifts” (Peterson, 2012, pg. 1). Although Burger King has tried to
copy the tactic by staying open until 11 p.m. and McDonald’s manages 24-hour service for 40%
of its locations, Taco bell still owns the late night market (Peterson, 2012, pg. 1).
In addition to their late night service, a few of Taco Bell’s other points of difference include:
- An Americanized version of Mexican style food and flavors which is unique
- Wide variety of menu items
- Proprietary products
- Speed of delivery
Brand Exploratory
Although Taco Bell may be making some big moves from a corporate perspective, consumer
perceptions are the only thing that really matter. A brand could invest time, money and
resources in its branding efforts, but having the public perceive the brand in the very way the
company is aiming, is a true way to enjoy success. Taco Bell fights an uphill battle when it
comes to both current and potential customers. Low quality product and its unhealthy effects
are only some of the perceptions holding back the brand’s growth.
25. - 25 -
Attitudes and Perceptions
Taco Bell competes with a few different types of restaurants. On the forefront are some of the
top market share leaders in the quick service restaurant (QSR) category like McDonald’s,
Subway, Burger King and Wendy’s. But the taco chain also competes with other Mexican style
restaurants in this subcategory. Some chains include Chipotle, Tex-Mex, and Del Taco.
Taco Bell boasts a wide variety of products, serving to its target audience which consists of 20-
something-year-olds who are not health conscience and enjoy late-night eating. “I tend to think
that Taco Bell is best at targeting the late night crowd…I also see them targeting high school
and college students who can afford their food and don't mind the quality concerns that some
more mature target audiences have a problem with” (Lott, 2013). They are fast, inexpensive,
and consumers know what to expect when they patronize. Their tacos, burritos, and quesadillas
have been on the menu for years and some have become fan favorites.
Their “unique” taste, an American twist on Mexican meals, has some consumers craving
regularly while leaving others disgusted. “I would never choose Taco Bell over the others
because I would most often choose Wendy's or Subway as they have more vegetables that I can
see and recognize while I'm eating. Taco Bell food just doesn't make it easy for me to know
what in the world I'm actually putting into my body, and I'm not a big fan of that” (Lott, 2013).
But not all consumers think the taste of Taco Bell is unbearable. Many target audience
members enjoy the uniqueness compared to other chains and familiarity each time they visit.
One blogger writes: “The beef Crunchwrap Supreme is one tasty meal from Taco Bell. Its
26. - 26 -
ingredients include seasoned beef, warm nacho cheese sauce, crunchy tostada shell, reduced-
fat sour cream, lettuce and tomatoes, and then wrapped up and grilled. The Crunchwrap
Supreme offers a nice surprise that your taste buds are sure to appreciate” (5 best value meals,
2013, pg. 1). The older demographic, who are concerned with making better health choices, are
often choosing other options rather than Taco Bell. However, they are also outside of Taco
Bell’s target audience.
Of feedback received of consumers’ thoughts of Taco Bell, a word cloud was created. The more
popular words are featured as larger and more prominent within the design. As one can see,
some of the most popular terms included: Late, fast, Mexican, craving, quiero, night, cheap,
young and craving.
28. - 28 -
Additionally, a perception map was created with some of the most important keywords from
consumer feedback. Using convenience and quality as the axis markers, the terms were
mapped out. Overall, Taco Bell has a very polarizing brand personality. Many terms fell within
the high quality/convenient area, while many others fell on the low quality side. It appears
audience members are very split on their feelings towards the brand. Those in the target
audience who purchase regularly think very highly of the brand and appreciate offerings like
late hours, consistency, and taste. While many others, those outside of the target audience and
those who do not frequent the chain, have negative feelings towards the brand and associate it
with keywords like gross, not real, unhealthy, and fatty.
Figure 16
29. - 29 -
Consumer Thoughts on Competitors
In general, there are also mixed feelings towards both market leaders McDonald’s and Subway.
The negative feelings displayed by consumers can be used by Taco Bell as an area to capitalize
upon and try and attract those consumers towards its own product offerings. One Twitter user,
Eddie, suggests that he associates McDonald’s with cheap, bad tasting, gross food. Meanwhile,
he stated that Subway reminds him of overpriced “fake” food (Hitti, 2013). Another user,
Michelle, has been significantly impacted by both brand’s advertising over the years. Her first
thought for McDonald’s was “Two all beef patties, special sauce, lettuce, cheese, pickles, onions
on a sesame seed bun,” referencing a famous McDonald’s ad from the 1970s. Meanwhile, she
immediately thought of “Eat Fresh” for Subway, their longtime campaign slogan (Michelle,
2013).
A few others associated McDonald’s with cheap, fast and familiar and Subway with healthy,
fresh and vegetables (Dellecese, 2013). Finally, Twitter user Daniel Berman enjoys McDonald’s
fries but stated he ties the terms “obesity” and “diabetes” closely to the brand. Similarly, he
knocked Subway for having cheap meat and “insulting” a traditional hoagie sandwich (Berman,
2013). Based on consumer feedback, it appears that Taco Bell can clearly succeed if it focuses
on a number of areas –primarily the healthy option – since many consumers have bad
sentiments towards the market leaders for producing poor quality goods.
30. - 30 -
Brand Personality
Through marketing efforts, Taco Bell has been working to curate an image that is fun-natured,
happy and carefree. Some examples of promoting this perception include their advisements,
partnerships with athletic and music associations, and the cute quirky sayings on their sauce
packets. This image resonates well with their target audience who are young (either physically
or psychologically) and fun. From web feedback and word of mouth, it does seem the public has
taken to this image.
Taco Bell’s advertising in recent years has attempted to relate to the younger audience, while
messaging tries to emphasize the point that Taco Bell is fun and light-hearted. Consumers’
reactions to advertisements have been positive. The Super Bowl ad this past year, “Viva Young”
was a fan favorite. And their most recent Cool Ranch Doritos Locos Taco Commercial, dubbed
“The World’s Most Obvious Idea,” has attracted 1.7 million hits on YouTube to date with 600
likes and 215 comments (The World’s Most Obvious Idea, 2013).
Additionally, perceptions are improving with the development of a new product line that boasts
healthier items. The Cantina menu offers meals with vegetables, grilled chicken and fresher
items in various salads and wraps. The promotion is being supported by professional chef
Lorena Garcia as the spokesperson. The Cantina Bell offering is helping Taco Bell compete more
evenly with higher quality QSRs like Chipotle and Panera Bread whijle working to steal dollars
away from chains like McDonald’s, Subway, Wendy’s and Burger King.
31. - 31 -
“People are changing their opinion of Taco
Bell's brand because of the Cantina Bell menu
…When the Cantina menu was introduced in
early July, Taco Bell’s quality score with
Mexican food eaters sat at 14, while Chipotle
was more than twice that score at 32…Fast
forward to October 1st: Taco Bell’s quality
score is now 25, even with the top national
QSR sector, while Chipotle is only a few points
higher at 28” (Lopez, 2012, pg. 1).
Brand Elements
Consumer feedback was also crowdsourced from Twitter to better understand perceptions of
the Taco Bell brand. Eric Armitage associated the brand with Mountain Dew Baja Blast. He also
noted the expectancy of becoming ill from the low quality food (Armitage, 2013). When
mentioning Taco Bell, one Twitter user named Brian thought of diarrhea, college, and foodfests
(Brian, 2013). A clear indication that the food is tasty but can also make you sick. A few users
noted the “Yo Quiero Taco Bell” slogan that was used several years ago (Wisniewski, 2013).
Another user noted that he associates the brand with words like hot, soft and delicious
(Dellecese, 2013). Finally, a few others mentioned specific proprietary products like the
Mexican Pizza and Volcano Burritos (Lesczinski, 2013).
Figure 17 (Source: dudefoods.com)
32. - 32 -
From a memorability standpoint, many consumers clearly still recall the Chihuahua pup even
though that ad campaign only lasted for a few short years. This is only one example of how the
brand promotes messaging that is easily recognized and remembered among audience
members. The term “fourthmeal” is another example. Just in the past 24 hours, there were
more than a hundred people using the term “fourthmeal” or “fourth meal” in their tweets on
Twitter (Fourthmeal, 2013).
Figure 18 (Source: 4.bp.blogspot.com)
Both direct messaging like television commercials and more indirect messages like being open
late (which ends up serving late night partyers) both speak to the meaningfulness of Taco Bell’s
brand elements. From one consumer: “I think I am definitely in Taco Bell's target audience,
being in my mid 20's; the marketing resonates well with me. Associating the food to a fun
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experience and tying in the memories of fun times had while eating Taco Bell are great
strategies (Peterson, 2013).
The positive reactions in the comment boxes of Taco Bell ads or online videos showcase the
likeability of the brand. The “Viva Young” ad, for example, reaped loads of positive criticism the
morning after the Super Bowl. One consumer on Twitter noted: “Taco Bell ad wins the
commercial bowl. IT'S OVER.” Another posted: “Taco Bell hands down has the best commercial
so far” (Taco Bell Super Bowl, 2013, pg. 1). Much of feedback on Taco Bell’s Facebook wall is
also positive, praising the brand for its tasty meals and neat promotions.
Among the defensive criteria for brand elements, transferability comes into play since the
brand serves a variety of different markets. They serve both urbanites and those in more rural
areas, nearly all states in the U.S., as well as select markets overseas. Although some countries
do not prefer the Mexican-American style cooking, others are taking hold. “There are about 240
Taco Bells in 10 countries outside the U.S., with the majority in Canada and Puerto Rico”
(Adamy & Abi-Habib, 2008, pg. 1). The brand is already seeing a great deal of potential for
success since the markets aren’t saturated yet, like the U.S.
Taco Bell has displayed adaptability through its recent introduction of healthier food items.
“The chain announced…that it's exploring ways to offer more ‘balanced choices,’ marking just
the latest sign that the fast-food industry is trying to adapt to shifting tastes and upend the
conventional wisdom that it only offers caloric indulgences” (Choi, 2013, pg. 1). The changes
34. - 34 -
stem from a recent study that proves many consumers are on the lookout for lower calorie
meals. Taco Bell has been quick to react to the recent trend.
“It shows just how much pressure the broader industry is under to recast its greasy-food
image as people increasingly seek out options they feel are healthier…A report by the
Hudson Institute earlier this year found that lower-calorie options were a key indicator of
growth at restaurant chains between 2006 and 2011. While chains that expanded such
options saw customer traffic rise by 11 percent, those that didn't saw traffic fall by 15
percent” (Choi, 2013, pg. 1).
Finally, regarding protectability, Taco Bell has maintained consistent branding practices over
the years so the Taco Bell logo, keywords like “fourthmeal,” slogans like “Think Outside the
Bun” and “Live Mas,” and the names of all the proprietary products are all associated with the
Taco Bell brand amongst many consumers.
Product
Taco Bell boasts a variety of product offerings include both foods and beverages. One particular
standout product in recent years is the Doritos Locos Taco. Just last year, Taco Bell teamed up
with Frito Lay to launch the product. The release of the Doritos Locos Tacos made a significant
improvement on consumer perception too. “The Doritos Locos Taco was a major restaurant
industry standout in 2012…The item won the 2012 MenuMasters Award for Best New Menu
Item…The quick-service brand’s ‘buzz score’ jumped from a low of 10.8 days before the March
35. - 35 -
2012 introduction of Doritos Locos Tacos to a
yearly high of 20.2 the following December”
(Brandau, pg. 1, 2013). According to Forbes, it
has become the most successful product in its
history. This year, Taco Bell followed up the
traditional nacho cheese shell flavor with the
highly anticipated Cool Ranch flavor. Others will roll out in the future (Arumugam, 2013).
One consumer, Andrew Hansen, fits in Taco Bell’s target audience and has positive sentiments
towards the brand and its products. “If I'm craving food and really am feeling cheap, they're my
go-to. Additionally, they're a safe bet when it comes to Mexican food. I get a consistent product
every time. We have another fast food Mexican chain down here in southern California called
"Del Taco," but certain products just taste better at Taco Bell (Hansen, 2013).
Taco Bell is one of the leading fast food chains when it comes to speed within the drive thru
too. The drive-thru experience is a very important component for QSRs. In fact, USA Today
notes that most chains do roughly 60-70% of their sales through the drive thru window
(Horovitz, 2013). This is one area where Taco Bell thrives and where its customers place value.
A recent study showed that, among QSRs, Taco Bell ranked second, only behind Wendy’s.
“Wendy’s is fastest once again with an average time of 145.5 seconds, while Taco Bell is second
at 146.7 seconds and McDonald’s has the longest time [of the three] at 184.2 seconds” (Oches,
2013, pg. 1). A majority of Taco Bell’s locations have a drive thru option, with the exception of
Figure 19 (Source: media.salon.com)
36. - 36 -
those in mall or plaza locations or the inner cities who can’t afford the space. Overall, the drive
thru experience, especially during its late night hours, helps improve the brand experience for
consumers and enhances its product offering.
Place
There are currently 5,600 Taco Bell locations in the U.S. and they have plans to open another
2,000 over the next decade (Ellin, 2013). They are available in both suburban and urban areas in
nearly all 50 states. Some of their top markets include: Whittier, CA, Corinth, MS, Lawrence, KS,
Odessa, TX, Beckley, WV, and the Bronx, NY (Taco Bell ranks, 2013). One consumer noted that
one of her main motivations for frequenting Taco Bell was its convenient locations. “We choose
Taco Bell over most of their competitors because they are fast, cheap and have a few healthy
choices. They are also located very near are [sic] home and it's the healthiest fast food
alternative that is less than 5 minutes away” (Matthews, 2013).
Price
Taco Bell is often known among the public as a cheap alternative to many other restaurants,
including others in the QSR category. “A core contingent of fast-food customers still loves
nothing more than a cheap, quick, loaded foodstuff that's inherently unhealthy in mass
quantities” (Notte, 2013, pg. 1). Many items on Taco Bell’s menu are less than $2.00 each.
Some items, within its value menu, are priced less than $1. “Taco Bell is considered a late night
fast food restaurant because it is usually open till 2 AM or later. Because it is open till late and
its menu prices are very low, it is thought to be one of the best ‘drunk foods’” (Taco Bell Prices,
37. - 37 -
2013, pg. 1). Using inexpensive prices, and offering a value meal, certainly caters to the younger
demographic (many times in college) who do not have the funds to splurge $20-30 on each
meal and who often drink.
But the cost factor can haunt the brand. The inexpensive nature can be seen in both its
packaging and the quality of its food. And that turns some customers off. Rachel Lott writes: “I
think of Taco Bell as cheap because everything about it screams cheap to me. From the super
thin paper wrappings to the even thinner plastic grocery-style bags they give you your food in
to the little sauce packets, everything about it is packaged in a way to minimize cost” (Lott,
2013). These cheap features likely further alienate those outside the target audience.
Promotion
Taco Bell has initiated many promotions in recent
years to reach their target audience – the 18-35
demographic. One recent promotion is through their
partnership with Sony to give away PlayStation 4
systems before their “official” release date. According
to Nation’s Restaurant News: “Taco Bell will give away
PlayStation 4 consoles as part of a promotion for its $5
Buck Box and Big Box meals…Dubbed “Play the Future
First,” the promotion will run for six weeks…The offer
intends to engage customers with ‘first look’ Figure 20 (Source: pmcvariety.files.wordpress.com)
38. - 38 -
opportunities for Taco Bell insiders” (Jennings, 2013, pg. 1). Feedback on Twitter and Facebook
has been positive. In fact, the Facebook post announcing the promotion a few weeks ago
collected 803 shares, 21,838 likes, and 752 comments so far (Taco Bell, 2013, pg. 1). Taco Bell
does not feature a loyalty program but does offer promotions and coupons at sponsored events
such as semi-professional baseball games.
Recommendations
Taco Bell sits at sixth on the market share leader list for the QSR category. Even small
percentages could translate to millions of extra dollars in revenue annually. As a result, Taco
Bell must analyze its strengths and areas where it can improve in order to nab market share
away from McDonald’s and Subway. Some areas that the brand should focus on in the near
term to try and compete more aggressively include:
1) Fosusing more on healthier options with additional product lines
2) Focusing more on breakfast items with early restaurant hours to tap into new crowds
3) Update advertising campaign still based on brand’s personality
Taco Bell is coming off a rough spell. In 2011, it faced a false advertising lawsuit that questioned
the quality of meat in its seasoned beef recipes. “[The lawsuit] ignited a rash of negative
publicity at least partly responsible for the brand’s 2-percent decrease in same-store sales for
the year. The suit was dropped in April without any settlement from Taco Bell” (Satran, 2013,
pg. 1). Based on these accusations, and the stigma that exists among the general public towards
39. - 39 -
unhealthy meals, Taco Bell has their work cut out for them. By introducing more healthy foods,
while maintaining the same “great” taste of the current menu items, it should open up doors to
new audience members, while maintaining current customers. From writer Steve Symington,
“Yum! has also followed McDonald's lead by both working to improve restaurant ergonomics
and offering healthier, higher-quality menu items such as the Cantina Bell line…In turn, they're
able to more effectively compete with up-and-coming fast-casual concepts like Chipotle
Mexican Grill and Panera Bread” (Symington, 2013, pg. 1). Subway, second in market share, has
been a driving force in pushing for healthier foods, basing its entire positioning and ad
campaigns around this concept. Healthier options for Taco Bell would act as a point of parity for
the two market leaders.
Previously, Taco Bell has focused its menu items on lunch and dinner. And through marketing
efforts, it has branded its style of food also for late night snacks, or “fourthmeal,” as they
fittingly dub it. But another strategy to better compete against their counterparts is adopting
breakfast items to open the doors to morning crowds. “For all you morning people, Taco Bell
will also be rolling out its new breakfast lineup nationwide by the end of next year…If all goes as
planned, then, Taco Bell may have a fighting chance at wresting away a significant chunk of the
morning market share from McDonald's” (Symington, 2013, pg. 1). Both McDonald’s and
Subway have breakfast items so this tactic would compete directly against both of these fast
food giants. Many consumers are rushed in the morning. Taco Bell could capitalize on its speed
of service and capitalize on this for its morning crowd. Marketing efforts should be reflective of
40. - 40 -
the new early morning hours to raise awareness and tap into target audience members who
need to a quick bite before work or early morning high school or college classes.
Finally, Taco Bell’s recent slogan “Live Mas” tries to focus on experience over product.
“According to the Taco Bell party line, the new slogan emphasizes the brand's ‘commitment to
value, quality, relevance and an exceptional experience.’ It signifies a move from the idea of
‘food as fuel’ to food as experience and lifestyle” (Kalb, 2012, pg. 1). A new (and improved)
campaign, focusing on both the product itself and the Taco Bell experience, can strengthen the
brand’s reputation and better craft its positioning compared to top competitors. The new
marketing campaign should reinforce the new offerings to raise awareness. At the same time,
the campaign should not take away from the current offerings that have seen success, most
notably the Doritos Locos Tacos. The first step was eliminating the kids’ meal to better segment
its target audience. Now that the customer base is more clearly defined, a strategic marketing
campaign to reach those members can be put in place. The effect should cut into the profits of
market leaders. Through all the collective efforts listed above, it would be realistic to aim to
steal 2-4% of market share over the next 18-24 months.
Conclusion
Fighting for more market share in the fast food industry is no easy task. Comprised of hundreds
of long-standing and well-positioned restaurants, Taco Bell should have a solid strategy in place
in order to fight for growth. Taco Bell has a strong reputation among loyal customers. The not-
so-health-conscious 20-year-old crowd will continue to embrace the taco brand as long as it
41. - 41 -
delivers on cost and convenience. But to grow “outside the bun” and increase volume, and/or
attract a whole new clientele, other tactics should be used. Taco Bell must acknowledge its
shortcomings and work to emphasize its strengths to grow the brand.
The QSR industry features many mainstream brands that consumers see on a regular basis –
whether driving down the street, engaging on social media, or watching commercials during
nationally televised events. Although the leader in Mexican style food, Taco Bell is a challenger
brand in the larger QSR category, directly competing with market leaders McDonald’s and
Subway. With its “Live Mas” marketing campaign, and joint partnership with Doritos, Taco Bell
has embarked on a campaign to wrestle market share away from each. To continue growing,
Taco Bell should look to offer healthier options, introduce and promote breakfast items, and
continue its aggressive advertising campaigns around fun and excitement, while focusing
heavily on these new products. There is still room for Taco Bell to grow and by way of strategic
marketing decisions, it can ensure increases in U.S. revenues in the coming years.
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