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Essay On Ramsden
Ramsden 2009 Aim of the Research Study: Ramsden (2009:300) mentions that one of the aims of this study was to detect and analyze small–scale
changes in the structure of the community over its lifespan. In addition, another aim of this study was to infer political and economic change/events
that occurred at the site which had a significant impact on the Huron society as a whole. Overall, the aim of this study was to uncover the community
and house histories. Lower left quadrant (Interior–Collection) Culture: Gibbon (2014) mentions that an anthropologist/archaeologist in this quadrant
strives to understand the meaning of something and asks the question "what does this mean?" In this sense, Ramsden (2009:300) tries to understand
why House 10 and House 14 expanded double their length and why House 10 was dismantled before the abandonment of the village. The answers to
these questions help us understand the interior of human social systems on culture and thus the interrelationship between individuals in the community.
He emphasized this quadrant as he extensively discusses the political and economic changes that occurred which indicates the relationship between
individuals within the community and how the community operated. I believe Ramsden's (2009) article emphasizes this quadrant the most although he
still...show more content...
Another aim of this study is to learn how these different groups of people who have different geographical origins interacted with each other (Ramsden
2016:1). Ramsden's (2016:1–3) article aims to solve the question whether these two groups of people had inhabited separate communities or moved into
cosmopolitan communities together and how they interacted within those communities. Ramsden (2016:3) attempts to archaeologically determine
ethnicity and identity and how these may be expressed in material
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Case Study : Darden Restaurants Inc.
Darden Restaurants Inc., is a multi–brand restaurant operator headquartered in Orlando, Florida. Its founder, Bill Darden at the age of 19 opened his
first restaurant called The Green Frog in 1938 in Waycross, Georgia. Bill Darden sold his company to General Mills in 1968 after the opening of the
first Red Lobster Restaurant in Lakeland, Florida. By 1995 the two companies had split and Darden Restaurants Inc. was born as a publicly traded
company on the New York Stock Exchange. Darden Restaurants Inc. has become a Fortune 500 company with over 2,100 restaurant locations and
more than 200,000 employees. It is considered to be the world's largest full–service restaurant company.
II. Industry Analysis:
Darden Restaurants, Inc. is a leading full–service restaurant company and is considered to be the largest restaurant company in the Chain Full–Service
Restaurants industry (NAICS 72211a). This industry comprises chain and franchised restaurants engaged in providing food services to patrons who
order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide these types of food services
while selling alcoholic and nonalcoholic beverages (IBISWorld).
New Entrants – The total startup cost (no land purchase) for a new restaurant is on average $500,000–a relatively low barrier. However, larger
restaurants or chain restaurants benefit from economies of scale in terms of lower initial costs and greater negotiating power with
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Introduction Competition used to occur between companies, but now it is between supply chains. Supply chain management is vital to ensure
collaboration between businesses and their suppliers. It is the coordination of all supply chain activities, starting with raw materials and ending with
satisfied customers (Heizer & Render, 2014). In this paper, the supply chains of Darden's Global will be analyzed. Darden Restaurants is a global
company located in Orlando, FL. The firm owns several restaurants, which two popular brands are The Capital Grille and Seasons 52. These two
companies are the high–end of the Darden restaurants. Darden's supply chain is extensive and complete. The restaurants consist of four primary supply
chains: ...show more content...
The second supply chain is for dry, frozen, and canned products. The third supply chain is for the procurement of dairy products and meats. The fourth
supply chain is providing s different varieties of fresh fishes or seafood items such as salmon and tilapia. Due to decentralization of the supply chain
systems, the decision–making process becomes more straightforward. Further, with regular inventory, Darden Restaurants can satisfy the needs of
their customers, and they achieve competitive advantage through their four supply chains. Would an individual restaurant manager want to
purchase any of his or her own materials or food? If so, which ones? I believe an individual restaurant manager would want to purchase any of his
or her own material or food. The food they would want to buy is seafood. What about other types of large businesses with many outlets (Jiffy Lube,
Target Stores, Great Clips Hair Salons, Starbucks, The UPS Store, etc.)? Would any of those be particularly appropriate to utilize local purchasing?
Supply chains are vital to all different sectors (Pearson Video, 2004). As a result, other types of large businesses with many outlets would be
appropriate to utilize local purchasing. No single company cannot locally. As long as there are economic benefits and those benefits outweighs the
purchasing cost, local purchasing is excellent. Moreover, quality plays a crucial role in purchasing, which quality is a determinant of when
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60 years ago, at the conclusion of the financial year, businesses who reported a profit were identified as an honorable business. This is not the case
today, some successful businesses operate in the red, however, they have a strong mission statement that addresses their customers (internal and
external), products or type of service they provide, a strategy identifying how they will grow and survive (Williams, 2008). Though for an
organization to survive, they also must possess strong qualities within their mission and vision statement. This is key to ensure all vested parties have
a clear understanding for the company's existence and where the company is headed in the next 3 to 5 years. Make no mistake, a company who is
thriving would
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Darden Restaurants
Darden Restaurants Company Overview Darden Restaurants owns a number of specialty brands that are located throughout the United States and
Canada. These include: the Olive Garden, Red Lobster, LongHorn Steakhouse, the Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime
Seafood and Wildfish Seafood Grille. The company has 2 thousand locations and they employ 135 thousand people. Their primary markets are
middle class to affluent families. ("Our Company," 2012) Collect financial statements for the past three (3) years, fiscal or calendar The financial
statements are showing that the firm is fiscally sound. This helps executives to capitalize on new opportunities in order to increase the company's
earnings. For example, three important areas which are showing how the firm is enhancing their profits margins are in the sales, net earnings and
dividends per common shareholder from 2010 to 2012. ("Built to Deliver," 2012) During this time, sales increased from: $7.11 billion in 2010 to
$7.99 billion in 2012. Earnings improved from $2.84 to $3.57. While the total amount of dividends rose from $1.00 to $1.72. These figures are
showing how the company has been continually increasing sales, earnings and dividends over the last three years. In the future, the management
predicts that their current strategy will increase returns. As, executives believe that their focus on building the brand and accounting for costs will lead
to net earnings of $5.20 to $7.19 annually by
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Essay On Darden
1. Darden Restaurants segments the sit down dining market by creating the idea of "casual dining" and having three different chains of restaurants that
aim to serve a specific group of consumers. Darden has taken the total market of those who go to eat out and broken it down to a smaller segment of
people who do not want to go to a fancy restaurant, but at the same time want something more than fast food. This segmentation is also known as
demographic segmentation. Demographic segmentation is when a market is divided up based on the age, gender, income, ethnicity, etc. Darden
recognized the demographics (primarily their income, age, and generation) of the people that would be coming to eat at their restaurants, so that they
are better able to cater to them. The CEO of Darden, Clarence Otis, once stated that "the direction of...show more content...
They differentiate themselves in the marketplace by promoting this idea of wood–grilled food. Their product differentiation also attempts to gain
market share by targeting the people between the fast food seafood and upscale seafood markets. Red Lobster also maintains their position in regards to
competitors by offering a unique menu where a new fresh–fish menu is reprinted twice a day. They are branded on the image of an authentic seafood
experience.
Additionally, Longhorn Steakhouse differentiates on the idea of "The Flavor of the West." It maintains its competitive advantage by creating a
welcoming atmosphere where "a touch of class" has been added. Longhorn Steakhouse is committed to serving only the freshest of foods and offering a
dining room that reflects on the western culture and atmosphere. They are positioning themselves as place where customers will have good perceptions
about Longhorn Steakhouse, and these customers, in turn, will choose to spend their consumer dollars here instead of
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Darden Case Solution
Productions & Operations October 23rd 2013 Darden Restaurant Case #2 Competitive advantage is gained by being the lowest cost competitor or by
differentiating. However within supply chains a competitive advantage is gained by reducing costs and increasing responsiveness. Darden utilizes four
different supply chains, in turn, reducing costs and increasing responsiveness to customers needs. Darden has a "smallware" distributor direct from
their headquarters to ensure the highest quality is shipped to each restaurant. Darden strategically places 11 distribution centers throughout the United
States to provide the quickest delivery to each of Darden's unique restaurants. The 11 distribution centers allow Darden to have a quick response time
...show more content...
Toyota's Total Supply Chain Vision, http://www.automotivelogisticsmagazine.com/interview/total
–supply–chain–vision#3 Darden Concepts, Darden
Supply Chain. http://www.darden.com/sustainability/default.aspx?lang=en&page=plate&section=supply–chain Ruggless, R. (2012, June 27). How
darden is tackling supply chain overhaul. Retrieved from
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Darden Mba Resumes
First Year Resume Book
2009–2010
ABHINAV AGRAWAL
105 Ivy Drive Apt 09 п‚· Charlottesville, VA 22903 п‚· (434) 249
–7645 п‚· AgrawalA11@darden.virginia.edu EDUCATION Darden Graduate School
of Business Administration University of Virginia Candidate for Master of Business Administration, May 2011 п‚· Awarded Batten Innovation
Scholarship (merit–based full tuition scholarship); п‚· GMAT: 730; AWA: 5.5 п‚· Member of Finance Club, Energy Club and Darden Capital
Management Club Charlottesville, VA
Nanyang Technological University Singapore Bachelor of Engineering (Computer Engineering) and Minor in Business, June 2006 п‚· Awarded full
scholarship (among top 50 from over 10,000 candidates) п‚· Received First Class Honors (top degree distinction, GPA:...show more content...
New York, New York Associate– Management Training Analysis п‚· Created strategic discussion materials and performed advisor lifetime value
calculations for the
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Darden Restaurant Case Study Essay
State any business problem that the enterprise needs to resolve.
I think that since the Darden company is outsource both the cutting of salmon to the proper portion size and the cracking/ peeling of shrimp more cost–
effectively offshore than in U. S. distribution centers or individual restaurants. It appears to me they might have some economical issue. (Heizer,
Render, 2011)
Briefly summarize relevant background information from the case.
Darden Restaurants, owner of popular brands such as Olive Garden and Red Lobster, serves more than 300 million meals annually in over 1,700
restaurants across the U. S. and Canada. To achieve competitive advantage via its supply chain, Darden must achieve excellence at each step. With
purchases...show more content...
With outsourcing, you can have your business operating round the clock. This is because you get to work with various freelancers from different parts
of the world working in different time zones.
What are some outsourcing opportunities in a restaurant?
1. Payroll and taxes
2. Website maintenance and Internet marketing
3. Seafood harvesting and cleaning
4. Warehousing of Small–ware and food products
5. Transportation
6. Kitchen cleaning and laundry
What supply–chain issues are unique to a firm outsourcing from 35 countries?
1. Possibilities of excess inventory due to multiple suppliers in the loop (due to improper communication)
2. Poor quality due to failure to inspect
3. Less transparency over transactions and control (in case of independent suppliers)
4. Unaccountability and irresponsibility of some suppliers
5. Difference in time zones
6. Productivity of overseas employees
7. Differences in work procedure and culture
Examine how other firms or industries develop international supply chains as compared to Darden.
Unlike Dell or an automobile manufacturer that needs to adopt a response strategy to meet changing customer requirements, I believe that the key to
Darden's success is its differentiation strategy through the provision of 'fresh' quality food. Having several supply chain strategies (its solution) for
such perishable (low shelf life) products with seasonality across the globe is crucial for Darden's success. The example of
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Overview of Darden Restaurants
Darden Company Analysis
Part A. Operations/Supply Chain Strategy
Darden Restaurants
, founded in 1968, is the largest full–service dining restaurant company in the world. It is headquartered in Orlando, Florida, but serves the global
market with the brands of Olive Garden, Red Lobster, Bahama Breeze, Seasons 52, Capital Grille, and the Long Horn Steakhouse Chain. The
company boasted close to $8 billion in 2012 revenue, with a net income of $475 million. It has 180,000 employees and almost $6 billion in total assets
(www.darden.com).
Darden has four supply channels: smallware (restaurant supplies); frozen/dry canned products, fresh food, and seafood. The common features of the
supply channel management are the qualification of the supplier, product tracking, global sourcing, independent audits of suppliers and the ability to
manage just–in–time inventory.
Part B. Supplier Relationship and Structure
Darden takes its suppliers very seriously, prior to doing business, the supplier must be qualified and a Total Quality Management Team assigned to that
vendor. Product tracking occurs with inspection teams that identify the lot ID, atmospheric packaging, and the ability to track the order from origin to
receipt of goods. For their many restaurants, Darden structures its supplies from 5 continents and thousands of suppliers, but insists on independent and
accurate assessments in order to maintain relationships. Everything must be JIT inventory except smallware.
Part C.
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Christine Darden Research Paper
What were computers made of in the sixties? Electronics no far from it, it was a person a real life human being. What kind of schooling would
someone need to be a computer but how would Christine Darden become one? She first got a taste of school and education when her mother would
bring her to her classroom. Darden's parents Desma Cheney and Noah Horace Mann Sr. encouraged her to go to college or get a degree when she was
growing up. She first started school in kindergarten at age four. This is the time when she had a interest in taking apart her bike.
Darden completed her primary school as valedictorian of her class with a scholarship to hampton university. Darden attended AllenHigh School for her
last two years of high school . When Darden
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Darden Restaurants Case Study
DARDEN RESTAURANTS 5
Introduction of the organization
Darden Restaurants is one of the largest conglomerates of middle–priced sit–down 'comfort' food chains in the nation. The Darden empire encompasses
Red Lobster, Olive Garden, LongHorn Steakhouse, and The Capital Grille, amongst many other restaurants. According to its official website: "through
subsidiaries, we own and operate more than 2,000 restaurants, employ 185,000 people and serve more than 400 million meals a year" (Darden
Restaurants, 2012). Identification of the industry and competitors
Sit–down chains such as Darden's and competitors such as Applebee's and Friday's offer comfortable, predictable dining options to middle–income
consumers who want reasonably–priced restaurants to which they can take their families but which offer more ambiance than a fast food restaurant.
Potential profitability of the industry
The restaurant industry has a tighter profit margin than almost any other industry. Profits are razor–thin; ingredients are perishable; and restaurants are
extremely reliant upon suppliers to remain stable and to make a profit. Even when a restaurant is popular, high operating costs can cause it to remain in
the red. Although Darden Restaurants can take advantage of economies of scale, it is still vulnerable to the whims of a fickle public. Dining out at a
restaurant, even a slightly expensive restaurant is a luxury rather than a necessity, and small hiccups in the business cycle can have a
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Essay Darden Case Study
CASE STUDY #2 – DARDEN RESTAURANTS, INC.– TRANSACTIONS AND ADJUSTMENTS
Concepts
a. To prepare accrual–based financial statements, a company must adjust its accounts. This is accomplished with periodic adjustments (also known as
adjusting journal entries or accounting adjustments). For each account below, explain the types of transactions or events that necessitate periodic
adjustments to the account for the typical company.
i. "Inventories, net." – If a company purchases products to be resold, there is an adjustment on the balance sheet to reflect this net inventory.
ii. "Receivables, net." – If a company sells a product on credit, they do not receive cash, and thus although in increase in retained earnings occurs, and
increase...show more content...
b. In general, what other accounts typically require periodic adjustments? In general, the other accounts that typically require periodic adjustments are
prepaid expenses, accrued expenses, and accrued revenues.
c. Why do companies close their books at the end of each accounting period? What types of accounts are close in this process?
Companies close their books at the end of each accounting period in order to transfer the balance in temporary accounts into retained earnings. The
closing process brings the retained earnings account up to date so that it accurately reflects the current period's income statement activity and dividends
so that the balance sheet can be prepared. The types of accounts that are closed in the process are all the income statement accounts and any dividend
account.
Process
d. For each item in quotations, provide the year–end total disclosed in Darden's 2007 income statement. Write a journal entry to record the activity for
the year. Assume that the company recorded a single (summary) journal entry. i. "Sales." Assume that 5% of sales are on account, 3% of sales
represent gift card redemption, and the rest are cash sales.
AR 278.36
Cash5,121.73
UR167.01 Liabilities167.01 Sales 5,567.10
ii. "Interest, net" expense. Assume that all these costs were paid in cash. Interest, net
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Business Analysis: Darden Restaurants
Summary
Quarterly results are expected soon.
So far, Darden Restaurants has soothed investors through increased non–operating income.
Low operating efficiency, high cost of sales and low sales leverage are the key areas to progress in.
Darden Restaurants Inc. (NYSE:DRI), the largest full–service restaurant company in the world, has been under the heat for quite some time now.
In the past few years, Darden Restaurants has been hit by many issues, including:
1. Low customer levels due to industry–wide demand slump
2. Cash–flow shortages due to less sales and low operating efficiency
3. Debt level higher than the industry average, which magnifies operating results
4. Low sales leverage
5. Pressure to maintain its large dividends and share repurchases....show more content...
Sales also improved as Olive Garden, Darden Restaurants' flagship brand, posted a positive comp figure; this was taken as a turn–around sign in
Darden's business by some investors.
Although short–term events have given some breathing space to the company, we must not lose sight of the fact that Darden Restaurants has
consistently failed to churn out the needed cash–flow from operations. Increases in income through non–operating sources, or even higher sales, can
provide shielding effects to company's stock price in the short term, but it is no panacea for the real ills of Darden
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Darden Restaurant Case Study
Final 5 Upon reading one will gain a better understanding of the food service powerhouse Darden Restaurants, Inc.. We will explore Darden
Restaurant's history, the products and services they offer, along with the company's business locations. Darden's competitors will be listed, along with a
few traits that distinguish them from others, and their target market will be addressed. Darden Restaurant's financial information will be examined. The
balance sheet, income statement, statement of stockholders' equity, and statement of cash flows will be explained, along with the financial ratios that
derive from these statements. Even though food costs are high, profit margins are low, and there are many areas for opportunity,Darden Restaurants,
Inc. remain financially successful.
History of Darden Restaurants Darden Restaurants, Inc. has grown over the last fifty years to become a leading casual and fine dining powerhouse.
They began in 1968 as Red Lobster Inns of America, Inc. and was later purchased by General Mills, Inc. in 1970. Darden Restaurants, Inc. no longer
own Red Lobster, but currently control eight casual eateries. The eight restaurant brands Darden currently own are Olive Garden, LongHorn
Steakhouse, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V,s, and the most recent acquisition of Cheddar's Scratch Kitchen. All
of these establishments offer their own niche and personalized menu (SEC, 2017). Olive Garden is the largest casual Italian eatery,
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Darden Property
What is law? Law is a set of rules that are "laid down by the state and backed up by enforcement" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead,
2013, p.6). These set of rules were made to take away the diversity amongst people. Laws are a set of guidelines that are to be followed by every
citizen. Under each law, people are required to be treated equally regardless of any differences that may appear amongst a group of people. The law
applies to everyone, including the law maker and the law enforcement. "Under the rule of law, laws that are made generally and equally apply group;
they apply to all or most members of society and they apply to various groups in the same way" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead,
2013, p..7). What does it mean to say that Darden has "property" in the land? That the hunter has "property" in himself? Property is "something that is
owned and ownership; or in law it means the right to turn to public authorities like the police or the courts to help keep others from interfering with
what you own" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p.8). Property prevents another person from taking something that they do not
own. The statement "Darden has "property" in the land means the Darden has resources within land that it owns....show more content...
"James Madison wrote that property "in its larger and juster meaning...embraces everything to which a man many attach value and have a right....[A]
man has property in his opinions and free communication of them...In a word, as a man is said to have a right to his property, he may be equally said
to have property of his rights" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p.11). The statement means the hunter has ownership of his
individual constitutional and human rights. Thee hunter can communicate these rights freely because under the laws he has the right to do
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Allen McKinney
MKT 101
02/28/13
Company Case 6 – Darden Restaurants: Balancing Standardization and Differentiation 1. Use the full spectrum of segmentation variables, describe
how Darden segments and target the sit–down dining market?
Psychographic Segmentation is represented by Olive Garden's plan to build a dining experience around the concept of a fabled Italian family. Olive
Garden's marketing team learned that a primary customer insight shows that customers are as interested in emotional nourishment as they are in
physical nourishment. Styling the restaurant as an Italian farmhouse, commercials that invite you to be "part of the family", and training at their
Culinary Institute in Tuscany has shaped a genuine Italian menu....show more content...
They have worked hard to find where they can standardize (sharing the same technology to pace cooking and predict dinner traffic) and where the
different chains need to maintain an outlook of independence and individuality to protect each chain's loyal customers.
Darden has positioned their restaurants to satisfy needs of consumers – being part of the family at Olive Garden, experiencing the taste of the west at
Long Horn which is only available on the east coast, and the taste of wood–fired seafood satisfies the health–conscious demands of consumers in
today's environment.
3.Although Darden's efforts to standardize across brands have contributed to its success, how might such practices backfire?
Too much standardization could lead to redundancy in dining experiences. If what works well in one restaurant is applied to all the chains the
perception by consumers of that feature being special or unique is lost. There is also a risk for the market to become so saturated with similar
products that each one begins to lose its draw as an individual chain. There is no such thing as a one size fits all schemes that work across the board.
Making sure that what sets each chain apart is the key to successfully segmenting. Also Too much standardization across the brands can lead to similar
foods being created at each of the three restaurants and will lead to a boring menu. It can also lead to each restaurant getting away from what makes
them unique, for example,
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Darden Restaurant Case Study
Weekly 3 Upon reading one will gain a better understanding of the food service powerhouse Darden Restaurants, Inc.. We will explore Darden
Restaurant's history, the products and services they offer, along with the company's business locations. I will also list Darden's competitors, a few traits
that distinguish them from others, and their target market. Darden Restaurants, Inc. has grown over the last fifty years to become a leading casual and
fine dining powerhouse. They began in 1968 as Red Lobster Inns of America, Inc. and was later purchased by General Mills, Inc. in 1970. Darden
Restaurants, Inc. no longer own Red Lobster, but currently control eight casual eateries. The eight restaurant brands Darden currently own are
Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V,s, and the most recent acquisition of
Cheddar's Scratch Kitchen. All of these establishments offer their own niche and personalized menu (SEC, 2017). Olive Garden is the largest
casual Italian eatery, offering a vast array of Italian cuisine to consumers, with a total of 846 locations. LongHorn Steakhouse is casual steakhouse
that offers patrons fresh steaks, seafood, chicken, appetizers, and desserts in a ranch house setting. The majority of LongHorn Steakhouses are
primarily located in the eastern United States, but also have locations in Dui Bai and Puerto Rico, with 490 locations. Yard House is more of a
hipster type place, with 67 locations that over 100 draft beers, snacks, sandwiches, tacos, and vegetarian cuisine with classic rock playing in the
background. The Capital Grille is a fine dining establishment that offer patrons over 350 varieties of wine, dry aged steaks, fresh seafood, and are
mainly located in major metropolitan areas with 56 locations (SEC, 2017). Bahama Breeze is a Caribbean themed casual eatery that specializes in
fresh seafood, steaks, chicken, specialty cocktails, and are primarily located in the eastern United States with 37 locations. Seasons 52 is a fresh grill,
with 41 locations that offer a vast array of wines and have an ever–changing menu. Eddie V's is a fine dining establishment that offers fresh prime
seafood, USDA prime beef, an oyster bar, and is
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Darden Restaurant Financial Analysis
Executive Summary
Darden Restaurants, Inc. has been a public company since 1995. A company born of the chain Red Lobster, Darden is a recent spin–off as a result of
mergers and acquisitions of various types. Publicly traded on the New York Stock Exchange, Darden (DRI) is the parent company of Red Lobster, The
Olive Garden, the now–defunct China Coast concept, and a new "Floribbean" concept: Bahama Breezes.
Throughout its existence, as a part of General Mills, Pillsbury, or on its own as DRI, Darden has made waves throughout the restaurant industry. The
thought processes behind the introduction of a concept are considered revolutionary, as exemplified by the strategy behind The Olive Garden and
Bahama Breezes.
While Darden has...show more content...
(DRI). With Bill Darden serving as CEO, DRI operates three divisions – The Olive Garden, Red Lobster, and Bahama Breezes, a recent creation, a
calypso–themed restaurant.
Currently, Red Lobster is the largest full–service restaurant chain and the largest seafood company in North America. The company's 680 units are
company owned and operated. Of those 680 units, 646 are spread throughout every state (including the District of Columbia) but Alaska, and 34 are
operated in Canada. Sales for fiscal year 1998 totaled nearly $2 billion. The Olive Garden currently operates 459 units in the United States, and 5 units
in Canada. Gross sales for The Olive Garden totaled over $1 billion. Gross sales for all divisions of Darden Restaurants exceeded 3.2 billion dollars!
Darden 's net earnings in fiscal year 1998 were just over 101 million dollars, with shareholders receiving an eight–cent dividend.
There are two possible sources of discrepancies we would like to disclose in this introduction: financial histories and restructuring charges. The first
source of some discrepancies throughout the paper is a lack of some financial history. In the 1998 Darden Restaurants Annual Report, there was some
inconsistency in whether history from FY 1996 was used or not. For this reason, we have been forced to omit FY 1996 in some
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Ramsden 2009 Research on Huron Community Changes

  • 1. Essay On Ramsden Ramsden 2009 Aim of the Research Study: Ramsden (2009:300) mentions that one of the aims of this study was to detect and analyze small–scale changes in the structure of the community over its lifespan. In addition, another aim of this study was to infer political and economic change/events that occurred at the site which had a significant impact on the Huron society as a whole. Overall, the aim of this study was to uncover the community and house histories. Lower left quadrant (Interior–Collection) Culture: Gibbon (2014) mentions that an anthropologist/archaeologist in this quadrant strives to understand the meaning of something and asks the question "what does this mean?" In this sense, Ramsden (2009:300) tries to understand why House 10 and House 14 expanded double their length and why House 10 was dismantled before the abandonment of the village. The answers to these questions help us understand the interior of human social systems on culture and thus the interrelationship between individuals in the community. He emphasized this quadrant as he extensively discusses the political and economic changes that occurred which indicates the relationship between individuals within the community and how the community operated. I believe Ramsden's (2009) article emphasizes this quadrant the most although he still...show more content... Another aim of this study is to learn how these different groups of people who have different geographical origins interacted with each other (Ramsden 2016:1). Ramsden's (2016:1–3) article aims to solve the question whether these two groups of people had inhabited separate communities or moved into cosmopolitan communities together and how they interacted within those communities. Ramsden (2016:3) attempts to archaeologically determine ethnicity and identity and how these may be expressed in material Get more content on HelpWriting.net
  • 2. Case Study : Darden Restaurants Inc. Darden Restaurants Inc., is a multi–brand restaurant operator headquartered in Orlando, Florida. Its founder, Bill Darden at the age of 19 opened his first restaurant called The Green Frog in 1938 in Waycross, Georgia. Bill Darden sold his company to General Mills in 1968 after the opening of the first Red Lobster Restaurant in Lakeland, Florida. By 1995 the two companies had split and Darden Restaurants Inc. was born as a publicly traded company on the New York Stock Exchange. Darden Restaurants Inc. has become a Fortune 500 company with over 2,100 restaurant locations and more than 200,000 employees. It is considered to be the world's largest full–service restaurant company. II. Industry Analysis: Darden Restaurants, Inc. is a leading full–service restaurant company and is considered to be the largest restaurant company in the Chain Full–Service Restaurants industry (NAICS 72211a). This industry comprises chain and franchised restaurants engaged in providing food services to patrons who order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide these types of food services while selling alcoholic and nonalcoholic beverages (IBISWorld). New Entrants – The total startup cost (no land purchase) for a new restaurant is on average $500,000–a relatively low barrier. However, larger restaurants or chain restaurants benefit from economies of scale in terms of lower initial costs and greater negotiating power with Get more content on HelpWriting.net
  • 3. Introduction Competition used to occur between companies, but now it is between supply chains. Supply chain management is vital to ensure collaboration between businesses and their suppliers. It is the coordination of all supply chain activities, starting with raw materials and ending with satisfied customers (Heizer & Render, 2014). In this paper, the supply chains of Darden's Global will be analyzed. Darden Restaurants is a global company located in Orlando, FL. The firm owns several restaurants, which two popular brands are The Capital Grille and Seasons 52. These two companies are the high–end of the Darden restaurants. Darden's supply chain is extensive and complete. The restaurants consist of four primary supply chains: ...show more content... The second supply chain is for dry, frozen, and canned products. The third supply chain is for the procurement of dairy products and meats. The fourth supply chain is providing s different varieties of fresh fishes or seafood items such as salmon and tilapia. Due to decentralization of the supply chain systems, the decision–making process becomes more straightforward. Further, with regular inventory, Darden Restaurants can satisfy the needs of their customers, and they achieve competitive advantage through their four supply chains. Would an individual restaurant manager want to purchase any of his or her own materials or food? If so, which ones? I believe an individual restaurant manager would want to purchase any of his or her own material or food. The food they would want to buy is seafood. What about other types of large businesses with many outlets (Jiffy Lube, Target Stores, Great Clips Hair Salons, Starbucks, The UPS Store, etc.)? Would any of those be particularly appropriate to utilize local purchasing? Supply chains are vital to all different sectors (Pearson Video, 2004). As a result, other types of large businesses with many outlets would be appropriate to utilize local purchasing. No single company cannot locally. As long as there are economic benefits and those benefits outweighs the purchasing cost, local purchasing is excellent. Moreover, quality plays a crucial role in purchasing, which quality is a determinant of when Get more content on HelpWriting.net
  • 4. 60 years ago, at the conclusion of the financial year, businesses who reported a profit were identified as an honorable business. This is not the case today, some successful businesses operate in the red, however, they have a strong mission statement that addresses their customers (internal and external), products or type of service they provide, a strategy identifying how they will grow and survive (Williams, 2008). Though for an organization to survive, they also must possess strong qualities within their mission and vision statement. This is key to ensure all vested parties have a clear understanding for the company's existence and where the company is headed in the next 3 to 5 years. Make no mistake, a company who is thriving would Get more content on HelpWriting.net
  • 5. Darden Restaurants Darden Restaurants Company Overview Darden Restaurants owns a number of specialty brands that are located throughout the United States and Canada. These include: the Olive Garden, Red Lobster, LongHorn Steakhouse, the Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood and Wildfish Seafood Grille. The company has 2 thousand locations and they employ 135 thousand people. Their primary markets are middle class to affluent families. ("Our Company," 2012) Collect financial statements for the past three (3) years, fiscal or calendar The financial statements are showing that the firm is fiscally sound. This helps executives to capitalize on new opportunities in order to increase the company's earnings. For example, three important areas which are showing how the firm is enhancing their profits margins are in the sales, net earnings and dividends per common shareholder from 2010 to 2012. ("Built to Deliver," 2012) During this time, sales increased from: $7.11 billion in 2010 to $7.99 billion in 2012. Earnings improved from $2.84 to $3.57. While the total amount of dividends rose from $1.00 to $1.72. These figures are showing how the company has been continually increasing sales, earnings and dividends over the last three years. In the future, the management predicts that their current strategy will increase returns. As, executives believe that their focus on building the brand and accounting for costs will lead to net earnings of $5.20 to $7.19 annually by Get more content on HelpWriting.net
  • 6. Essay On Darden 1. Darden Restaurants segments the sit down dining market by creating the idea of "casual dining" and having three different chains of restaurants that aim to serve a specific group of consumers. Darden has taken the total market of those who go to eat out and broken it down to a smaller segment of people who do not want to go to a fancy restaurant, but at the same time want something more than fast food. This segmentation is also known as demographic segmentation. Demographic segmentation is when a market is divided up based on the age, gender, income, ethnicity, etc. Darden recognized the demographics (primarily their income, age, and generation) of the people that would be coming to eat at their restaurants, so that they are better able to cater to them. The CEO of Darden, Clarence Otis, once stated that "the direction of...show more content... They differentiate themselves in the marketplace by promoting this idea of wood–grilled food. Their product differentiation also attempts to gain market share by targeting the people between the fast food seafood and upscale seafood markets. Red Lobster also maintains their position in regards to competitors by offering a unique menu where a new fresh–fish menu is reprinted twice a day. They are branded on the image of an authentic seafood experience. Additionally, Longhorn Steakhouse differentiates on the idea of "The Flavor of the West." It maintains its competitive advantage by creating a welcoming atmosphere where "a touch of class" has been added. Longhorn Steakhouse is committed to serving only the freshest of foods and offering a dining room that reflects on the western culture and atmosphere. They are positioning themselves as place where customers will have good perceptions about Longhorn Steakhouse, and these customers, in turn, will choose to spend their consumer dollars here instead of Get more content on HelpWriting.net
  • 7. Darden Case Solution Productions & Operations October 23rd 2013 Darden Restaurant Case #2 Competitive advantage is gained by being the lowest cost competitor or by differentiating. However within supply chains a competitive advantage is gained by reducing costs and increasing responsiveness. Darden utilizes four different supply chains, in turn, reducing costs and increasing responsiveness to customers needs. Darden has a "smallware" distributor direct from their headquarters to ensure the highest quality is shipped to each restaurant. Darden strategically places 11 distribution centers throughout the United States to provide the quickest delivery to each of Darden's unique restaurants. The 11 distribution centers allow Darden to have a quick response time ...show more content... Toyota's Total Supply Chain Vision, http://www.automotivelogisticsmagazine.com/interview/total –supply–chain–vision#3 Darden Concepts, Darden Supply Chain. http://www.darden.com/sustainability/default.aspx?lang=en&page=plate&section=supply–chain Ruggless, R. (2012, June 27). How darden is tackling supply chain overhaul. Retrieved from Get more content on HelpWriting.net
  • 8. Darden Mba Resumes First Year Resume Book 2009–2010 ABHINAV AGRAWAL 105 Ivy Drive Apt 09 п‚· Charlottesville, VA 22903 п‚· (434) 249 –7645 п‚· AgrawalA11@darden.virginia.edu EDUCATION Darden Graduate School of Business Administration University of Virginia Candidate for Master of Business Administration, May 2011 п‚· Awarded Batten Innovation Scholarship (merit–based full tuition scholarship); п‚· GMAT: 730; AWA: 5.5 п‚· Member of Finance Club, Energy Club and Darden Capital Management Club Charlottesville, VA Nanyang Technological University Singapore Bachelor of Engineering (Computer Engineering) and Minor in Business, June 2006 п‚· Awarded full scholarship (among top 50 from over 10,000 candidates) п‚· Received First Class Honors (top degree distinction, GPA:...show more content... New York, New York Associate– Management Training Analysis п‚· Created strategic discussion materials and performed advisor lifetime value calculations for the Get more content on HelpWriting.net
  • 9. Darden Restaurant Case Study Essay State any business problem that the enterprise needs to resolve. I think that since the Darden company is outsource both the cutting of salmon to the proper portion size and the cracking/ peeling of shrimp more cost– effectively offshore than in U. S. distribution centers or individual restaurants. It appears to me they might have some economical issue. (Heizer, Render, 2011) Briefly summarize relevant background information from the case. Darden Restaurants, owner of popular brands such as Olive Garden and Red Lobster, serves more than 300 million meals annually in over 1,700 restaurants across the U. S. and Canada. To achieve competitive advantage via its supply chain, Darden must achieve excellence at each step. With purchases...show more content... With outsourcing, you can have your business operating round the clock. This is because you get to work with various freelancers from different parts of the world working in different time zones. What are some outsourcing opportunities in a restaurant? 1. Payroll and taxes 2. Website maintenance and Internet marketing 3. Seafood harvesting and cleaning 4. Warehousing of Small–ware and food products 5. Transportation 6. Kitchen cleaning and laundry What supply–chain issues are unique to a firm outsourcing from 35 countries? 1. Possibilities of excess inventory due to multiple suppliers in the loop (due to improper communication) 2. Poor quality due to failure to inspect 3. Less transparency over transactions and control (in case of independent suppliers) 4. Unaccountability and irresponsibility of some suppliers 5. Difference in time zones 6. Productivity of overseas employees 7. Differences in work procedure and culture
  • 10. Examine how other firms or industries develop international supply chains as compared to Darden. Unlike Dell or an automobile manufacturer that needs to adopt a response strategy to meet changing customer requirements, I believe that the key to Darden's success is its differentiation strategy through the provision of 'fresh' quality food. Having several supply chain strategies (its solution) for such perishable (low shelf life) products with seasonality across the globe is crucial for Darden's success. The example of Get more content on HelpWriting.net
  • 11. Overview of Darden Restaurants Darden Company Analysis Part A. Operations/Supply Chain Strategy Darden Restaurants , founded in 1968, is the largest full–service dining restaurant company in the world. It is headquartered in Orlando, Florida, but serves the global market with the brands of Olive Garden, Red Lobster, Bahama Breeze, Seasons 52, Capital Grille, and the Long Horn Steakhouse Chain. The company boasted close to $8 billion in 2012 revenue, with a net income of $475 million. It has 180,000 employees and almost $6 billion in total assets (www.darden.com). Darden has four supply channels: smallware (restaurant supplies); frozen/dry canned products, fresh food, and seafood. The common features of the supply channel management are the qualification of the supplier, product tracking, global sourcing, independent audits of suppliers and the ability to manage just–in–time inventory. Part B. Supplier Relationship and Structure Darden takes its suppliers very seriously, prior to doing business, the supplier must be qualified and a Total Quality Management Team assigned to that vendor. Product tracking occurs with inspection teams that identify the lot ID, atmospheric packaging, and the ability to track the order from origin to receipt of goods. For their many restaurants, Darden structures its supplies from 5 continents and thousands of suppliers, but insists on independent and accurate assessments in order to maintain relationships. Everything must be JIT inventory except smallware. Part C. Get more content on HelpWriting.net
  • 12. Christine Darden Research Paper What were computers made of in the sixties? Electronics no far from it, it was a person a real life human being. What kind of schooling would someone need to be a computer but how would Christine Darden become one? She first got a taste of school and education when her mother would bring her to her classroom. Darden's parents Desma Cheney and Noah Horace Mann Sr. encouraged her to go to college or get a degree when she was growing up. She first started school in kindergarten at age four. This is the time when she had a interest in taking apart her bike. Darden completed her primary school as valedictorian of her class with a scholarship to hampton university. Darden attended AllenHigh School for her last two years of high school . When Darden Get more content on HelpWriting.net
  • 13. Darden Restaurants Case Study DARDEN RESTAURANTS 5 Introduction of the organization Darden Restaurants is one of the largest conglomerates of middle–priced sit–down 'comfort' food chains in the nation. The Darden empire encompasses Red Lobster, Olive Garden, LongHorn Steakhouse, and The Capital Grille, amongst many other restaurants. According to its official website: "through subsidiaries, we own and operate more than 2,000 restaurants, employ 185,000 people and serve more than 400 million meals a year" (Darden Restaurants, 2012). Identification of the industry and competitors Sit–down chains such as Darden's and competitors such as Applebee's and Friday's offer comfortable, predictable dining options to middle–income consumers who want reasonably–priced restaurants to which they can take their families but which offer more ambiance than a fast food restaurant. Potential profitability of the industry The restaurant industry has a tighter profit margin than almost any other industry. Profits are razor–thin; ingredients are perishable; and restaurants are extremely reliant upon suppliers to remain stable and to make a profit. Even when a restaurant is popular, high operating costs can cause it to remain in the red. Although Darden Restaurants can take advantage of economies of scale, it is still vulnerable to the whims of a fickle public. Dining out at a restaurant, even a slightly expensive restaurant is a luxury rather than a necessity, and small hiccups in the business cycle can have a Get more content on HelpWriting.net
  • 14. Essay Darden Case Study CASE STUDY #2 – DARDEN RESTAURANTS, INC.– TRANSACTIONS AND ADJUSTMENTS Concepts a. To prepare accrual–based financial statements, a company must adjust its accounts. This is accomplished with periodic adjustments (also known as adjusting journal entries or accounting adjustments). For each account below, explain the types of transactions or events that necessitate periodic adjustments to the account for the typical company. i. "Inventories, net." – If a company purchases products to be resold, there is an adjustment on the balance sheet to reflect this net inventory. ii. "Receivables, net." – If a company sells a product on credit, they do not receive cash, and thus although in increase in retained earnings occurs, and increase...show more content... b. In general, what other accounts typically require periodic adjustments? In general, the other accounts that typically require periodic adjustments are prepaid expenses, accrued expenses, and accrued revenues. c. Why do companies close their books at the end of each accounting period? What types of accounts are close in this process? Companies close their books at the end of each accounting period in order to transfer the balance in temporary accounts into retained earnings. The closing process brings the retained earnings account up to date so that it accurately reflects the current period's income statement activity and dividends so that the balance sheet can be prepared. The types of accounts that are closed in the process are all the income statement accounts and any dividend account. Process d. For each item in quotations, provide the year–end total disclosed in Darden's 2007 income statement. Write a journal entry to record the activity for the year. Assume that the company recorded a single (summary) journal entry. i. "Sales." Assume that 5% of sales are on account, 3% of sales represent gift card redemption, and the rest are cash sales. AR 278.36 Cash5,121.73 UR167.01 Liabilities167.01 Sales 5,567.10 ii. "Interest, net" expense. Assume that all these costs were paid in cash. Interest, net
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  • 16. Business Analysis: Darden Restaurants Summary Quarterly results are expected soon. So far, Darden Restaurants has soothed investors through increased non–operating income. Low operating efficiency, high cost of sales and low sales leverage are the key areas to progress in. Darden Restaurants Inc. (NYSE:DRI), the largest full–service restaurant company in the world, has been under the heat for quite some time now. In the past few years, Darden Restaurants has been hit by many issues, including: 1. Low customer levels due to industry–wide demand slump 2. Cash–flow shortages due to less sales and low operating efficiency 3. Debt level higher than the industry average, which magnifies operating results 4. Low sales leverage 5. Pressure to maintain its large dividends and share repurchases....show more content... Sales also improved as Olive Garden, Darden Restaurants' flagship brand, posted a positive comp figure; this was taken as a turn–around sign in Darden's business by some investors. Although short–term events have given some breathing space to the company, we must not lose sight of the fact that Darden Restaurants has consistently failed to churn out the needed cash–flow from operations. Increases in income through non–operating sources, or even higher sales, can provide shielding effects to company's stock price in the short term, but it is no panacea for the real ills of Darden Get more content on HelpWriting.net
  • 17. Darden Restaurant Case Study Final 5 Upon reading one will gain a better understanding of the food service powerhouse Darden Restaurants, Inc.. We will explore Darden Restaurant's history, the products and services they offer, along with the company's business locations. Darden's competitors will be listed, along with a few traits that distinguish them from others, and their target market will be addressed. Darden Restaurant's financial information will be examined. The balance sheet, income statement, statement of stockholders' equity, and statement of cash flows will be explained, along with the financial ratios that derive from these statements. Even though food costs are high, profit margins are low, and there are many areas for opportunity,Darden Restaurants, Inc. remain financially successful. History of Darden Restaurants Darden Restaurants, Inc. has grown over the last fifty years to become a leading casual and fine dining powerhouse. They began in 1968 as Red Lobster Inns of America, Inc. and was later purchased by General Mills, Inc. in 1970. Darden Restaurants, Inc. no longer own Red Lobster, but currently control eight casual eateries. The eight restaurant brands Darden currently own are Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V,s, and the most recent acquisition of Cheddar's Scratch Kitchen. All of these establishments offer their own niche and personalized menu (SEC, 2017). Olive Garden is the largest casual Italian eatery, Get more content on HelpWriting.net
  • 18. Darden Property What is law? Law is a set of rules that are "laid down by the state and backed up by enforcement" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p.6). These set of rules were made to take away the diversity amongst people. Laws are a set of guidelines that are to be followed by every citizen. Under each law, people are required to be treated equally regardless of any differences that may appear amongst a group of people. The law applies to everyone, including the law maker and the law enforcement. "Under the rule of law, laws that are made generally and equally apply group; they apply to all or most members of society and they apply to various groups in the same way" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p..7). What does it mean to say that Darden has "property" in the land? That the hunter has "property" in himself? Property is "something that is owned and ownership; or in law it means the right to turn to public authorities like the police or the courts to help keep others from interfering with what you own" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p.8). Property prevents another person from taking something that they do not own. The statement "Darden has "property" in the land means the Darden has resources within land that it owns....show more content... "James Madison wrote that property "in its larger and juster meaning...embraces everything to which a man many attach value and have a right....[A] man has property in his opinions and free communication of them...In a word, as a man is said to have a right to his property, he may be equally said to have property of his rights" (Reed, Pagnattaro, Cahoy, Shedd, and Morehead, 2013, p.11). The statement means the hunter has ownership of his individual constitutional and human rights. Thee hunter can communicate these rights freely because under the laws he has the right to do Get more content on HelpWriting.net
  • 19. Allen McKinney MKT 101 02/28/13 Company Case 6 – Darden Restaurants: Balancing Standardization and Differentiation 1. Use the full spectrum of segmentation variables, describe how Darden segments and target the sit–down dining market? Psychographic Segmentation is represented by Olive Garden's plan to build a dining experience around the concept of a fabled Italian family. Olive Garden's marketing team learned that a primary customer insight shows that customers are as interested in emotional nourishment as they are in physical nourishment. Styling the restaurant as an Italian farmhouse, commercials that invite you to be "part of the family", and training at their Culinary Institute in Tuscany has shaped a genuine Italian menu....show more content... They have worked hard to find where they can standardize (sharing the same technology to pace cooking and predict dinner traffic) and where the different chains need to maintain an outlook of independence and individuality to protect each chain's loyal customers. Darden has positioned their restaurants to satisfy needs of consumers – being part of the family at Olive Garden, experiencing the taste of the west at Long Horn which is only available on the east coast, and the taste of wood–fired seafood satisfies the health–conscious demands of consumers in today's environment. 3.Although Darden's efforts to standardize across brands have contributed to its success, how might such practices backfire? Too much standardization could lead to redundancy in dining experiences. If what works well in one restaurant is applied to all the chains the perception by consumers of that feature being special or unique is lost. There is also a risk for the market to become so saturated with similar products that each one begins to lose its draw as an individual chain. There is no such thing as a one size fits all schemes that work across the board. Making sure that what sets each chain apart is the key to successfully segmenting. Also Too much standardization across the brands can lead to similar foods being created at each of the three restaurants and will lead to a boring menu. It can also lead to each restaurant getting away from what makes them unique, for example, Get more content on HelpWriting.net
  • 20. Darden Restaurant Case Study Weekly 3 Upon reading one will gain a better understanding of the food service powerhouse Darden Restaurants, Inc.. We will explore Darden Restaurant's history, the products and services they offer, along with the company's business locations. I will also list Darden's competitors, a few traits that distinguish them from others, and their target market. Darden Restaurants, Inc. has grown over the last fifty years to become a leading casual and fine dining powerhouse. They began in 1968 as Red Lobster Inns of America, Inc. and was later purchased by General Mills, Inc. in 1970. Darden Restaurants, Inc. no longer own Red Lobster, but currently control eight casual eateries. The eight restaurant brands Darden currently own are Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V,s, and the most recent acquisition of Cheddar's Scratch Kitchen. All of these establishments offer their own niche and personalized menu (SEC, 2017). Olive Garden is the largest casual Italian eatery, offering a vast array of Italian cuisine to consumers, with a total of 846 locations. LongHorn Steakhouse is casual steakhouse that offers patrons fresh steaks, seafood, chicken, appetizers, and desserts in a ranch house setting. The majority of LongHorn Steakhouses are primarily located in the eastern United States, but also have locations in Dui Bai and Puerto Rico, with 490 locations. Yard House is more of a hipster type place, with 67 locations that over 100 draft beers, snacks, sandwiches, tacos, and vegetarian cuisine with classic rock playing in the background. The Capital Grille is a fine dining establishment that offer patrons over 350 varieties of wine, dry aged steaks, fresh seafood, and are mainly located in major metropolitan areas with 56 locations (SEC, 2017). Bahama Breeze is a Caribbean themed casual eatery that specializes in fresh seafood, steaks, chicken, specialty cocktails, and are primarily located in the eastern United States with 37 locations. Seasons 52 is a fresh grill, with 41 locations that offer a vast array of wines and have an ever–changing menu. Eddie V's is a fine dining establishment that offers fresh prime seafood, USDA prime beef, an oyster bar, and is Get more content on HelpWriting.net
  • 21. Darden Restaurant Financial Analysis Executive Summary Darden Restaurants, Inc. has been a public company since 1995. A company born of the chain Red Lobster, Darden is a recent spin–off as a result of mergers and acquisitions of various types. Publicly traded on the New York Stock Exchange, Darden (DRI) is the parent company of Red Lobster, The Olive Garden, the now–defunct China Coast concept, and a new "Floribbean" concept: Bahama Breezes. Throughout its existence, as a part of General Mills, Pillsbury, or on its own as DRI, Darden has made waves throughout the restaurant industry. The thought processes behind the introduction of a concept are considered revolutionary, as exemplified by the strategy behind The Olive Garden and Bahama Breezes. While Darden has...show more content... (DRI). With Bill Darden serving as CEO, DRI operates three divisions – The Olive Garden, Red Lobster, and Bahama Breezes, a recent creation, a calypso–themed restaurant. Currently, Red Lobster is the largest full–service restaurant chain and the largest seafood company in North America. The company's 680 units are company owned and operated. Of those 680 units, 646 are spread throughout every state (including the District of Columbia) but Alaska, and 34 are operated in Canada. Sales for fiscal year 1998 totaled nearly $2 billion. The Olive Garden currently operates 459 units in the United States, and 5 units in Canada. Gross sales for The Olive Garden totaled over $1 billion. Gross sales for all divisions of Darden Restaurants exceeded 3.2 billion dollars! Darden 's net earnings in fiscal year 1998 were just over 101 million dollars, with shareholders receiving an eight–cent dividend. There are two possible sources of discrepancies we would like to disclose in this introduction: financial histories and restructuring charges. The first source of some discrepancies throughout the paper is a lack of some financial history. In the 1998 Darden Restaurants Annual Report, there was some inconsistency in whether history from FY 1996 was used or not. For this reason, we have been forced to omit FY 1996 in some
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