The document discusses new product development (NPD). It defines NPD as the process of bringing a new product to market and making changes to existing products. There are three main reasons for NPD: meeting changing consumer needs, making new profits, and combating threats. The NPD process involves idea generation, screening, testing, prototyping, market testing, and commercialization. The document also provides a case study on KFC introducing new products like chocolate brownies to expand its menu and attract more customers.
KFC (the name was originally an initialism for Kentucky Fried Chicken) is a fast food restaurant chain that specializes in fried chicken and is headquartered in Louisville, Kentucky, United States (US). It is the world's second largest restaurant chain overall (as measured by sales) after McDonald's, with over 18,000 outlets in 120 countries and territories as of December 2012. The company is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell restaurant chains.
KFC was founded by Harland Sanders, an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression. Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise opened in Utah in 1952. KFC popularized chicken in the fast food industry, diversifying the market by challenging the established dominance of the hamburger. By branding himself as "Colonel Sanders," Harland became a prominent figure of American cultural history, and his image remains widely used in KFC advertising. However, the company's rapid expansion saw it overwhelm the ageing Sanders, and in 1964 he sold the company to a group of investors led by John Y. Brown, Jr. and Jack C. Massey.
KFC was one of the first fast food chains to expand internationally, opening outlets in England, Mexico and Jamaica by the mid-1960s. Throughout the 1970s and 1980s, KFC experienced mixed fortunes domestically, as it went through a series of changes in corporate ownership with little or no experience in the restaurant business. In the early 1970s, KFC was sold to the spirits distributor Heublein, who were taken over by the R.J. Reynolds food and tobacco conglomerate, who sold the chain to PepsiCo. The chain continued to expand overseas however, and in 1987 KFC became the first Western restaurant chain to open in China. The chain has since expanded rapidly in China, which is now the company's most profitable market. PepsiCo spun off its restaurants division as Tricon Global Restaurants, which later changed its name to Yum! Brands.
KFC's original product is pressure fried chicken pieces, seasoned with Sanders' recipe of 11 herbs and spices. The constituents of the recipe represent a notable trade secret. Larger portions of fried chicken are served in a cardboard "bucket," which has become an icon of the chain since it was first introduced by franchisee Pete Harman in 1957. Since the early 1990s, KFC has expanded its menu to offer other chicken products such as chicken fillet burgers and wraps, as well as salads and side dishes such as French fries and coleslaw, desserts and soft drinks, the latter often supplied by PepsiCo. KFC is known for the slogan "finger lickin' good," which has since been replaced by "Nobody does chicken like KFC" and "So good."
KFC is a American fast food chain restaurant. the marketing management of KFC around the world is discussed in the presentation. the various strategy of KFC is discussed .
power point presentation on KFC, mostly focused on company , followed the standard presentation format which is only bullet points no more theoretical part in this , easy to understand and present , specifically focused on Indian market , very simple and very attractive .
It is a study based on the process of supply chain management in KFC, Includes inventory control, production and operation management, logistics, waste management , quality management, process automation, restaurant ambience, layout design, management structure, demand forecasting, storage and maintainance
KFC (the name was originally an initialism for Kentucky Fried Chicken) is a fast food restaurant chain that specializes in fried chicken and is headquartered in Louisville, Kentucky, United States (US). It is the world's second largest restaurant chain overall (as measured by sales) after McDonald's, with over 18,000 outlets in 120 countries and territories as of December 2012. The company is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell restaurant chains.
KFC was founded by Harland Sanders, an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression. Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise opened in Utah in 1952. KFC popularized chicken in the fast food industry, diversifying the market by challenging the established dominance of the hamburger. By branding himself as "Colonel Sanders," Harland became a prominent figure of American cultural history, and his image remains widely used in KFC advertising. However, the company's rapid expansion saw it overwhelm the ageing Sanders, and in 1964 he sold the company to a group of investors led by John Y. Brown, Jr. and Jack C. Massey.
KFC was one of the first fast food chains to expand internationally, opening outlets in England, Mexico and Jamaica by the mid-1960s. Throughout the 1970s and 1980s, KFC experienced mixed fortunes domestically, as it went through a series of changes in corporate ownership with little or no experience in the restaurant business. In the early 1970s, KFC was sold to the spirits distributor Heublein, who were taken over by the R.J. Reynolds food and tobacco conglomerate, who sold the chain to PepsiCo. The chain continued to expand overseas however, and in 1987 KFC became the first Western restaurant chain to open in China. The chain has since expanded rapidly in China, which is now the company's most profitable market. PepsiCo spun off its restaurants division as Tricon Global Restaurants, which later changed its name to Yum! Brands.
KFC's original product is pressure fried chicken pieces, seasoned with Sanders' recipe of 11 herbs and spices. The constituents of the recipe represent a notable trade secret. Larger portions of fried chicken are served in a cardboard "bucket," which has become an icon of the chain since it was first introduced by franchisee Pete Harman in 1957. Since the early 1990s, KFC has expanded its menu to offer other chicken products such as chicken fillet burgers and wraps, as well as salads and side dishes such as French fries and coleslaw, desserts and soft drinks, the latter often supplied by PepsiCo. KFC is known for the slogan "finger lickin' good," which has since been replaced by "Nobody does chicken like KFC" and "So good."
KFC is a American fast food chain restaurant. the marketing management of KFC around the world is discussed in the presentation. the various strategy of KFC is discussed .
power point presentation on KFC, mostly focused on company , followed the standard presentation format which is only bullet points no more theoretical part in this , easy to understand and present , specifically focused on Indian market , very simple and very attractive .
It is a study based on the process of supply chain management in KFC, Includes inventory control, production and operation management, logistics, waste management , quality management, process automation, restaurant ambience, layout design, management structure, demand forecasting, storage and maintainance
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3. In Business ,
new product development
is the complete process of bringing a new
product to market . Product development means making
changes in the size, design, color, shape, characteristics,
packing etc. of the product.
4. It may include
addition of a new product line, addition of a new
product item in a particular product line,
elimination of existing product or product line &
changes in the size, color, design, packing,
characteristics,
and prices of the product & discontinuation of the
unprofitable item or product line.
5. There are at least 3 reasons for which new products should be
developed.
1st, new products become necessary for meeting the
changes in consumer needs.
2nd, new products become necessary for making new
profits.
3rd, new products become necessary for combating
environmental threats.
6. Adequate market demand.
The product should fit into company’s present market
structure.
The idea should fit into the company’s present production
structure.
The product should fit as per the financial resources
available.
Adequate distribution in depth & breadth.
7.
8. KFC is the world’s No.1 chicken QSR(quick service restaurant)
Leading all over the world, Introduced many offerings for its growing
customer staying rooted in the taste legacy of COLONEL HARLAND
sander’s secret recipes. Products are made on the motto of
“ crispy outside, juicy inside.”
9. “No body’s cooking like KFC today and we are the
chicken experts”
“There is no competitor for spicy chicken which is
made by KFC”
KFC specialized in chicken and they say :-
10. One man operation Starts in 1930 by Harland
Sanders the founder of KFC Named as the dining
area “sander Court & cafe” In 1939 “Sanders
Court & café” was rebuilt name as KFC In 1960,
190 KFC franchise and it operates more than
5,200 restaurants in the US and over 15,000
around the world.
11. “To be leading integrated food services group in
ASEAN region delivering consistent quality products
and excellent customer focused”
Vision Statement:
12. “To sell food in a fast, friendly environment that
appeals to pride conscious, health minded
consumers”
Mission Statement:
15. GENERAL MANAGER
ASSISTANT GENERAL
MANAGER
UNITMANAGER
TEAM MEMBERS
MAINTENANCETECHNICIAN
CUSTOMER SERVICE WORKER
FOOD SERVICE WORKER
COUNTER PERSON
FAST FOOD CREW MEMBER
PREPRATION TEAM MEMBER
REFRIGERATION TEAM MEMBER
ASSISTANT UNIT
MANAGER
SHIFT MANAGER
16.
17. Right now there is no dessert in KFC’s menu. Therefore we plan to introduce Chocolate Brownies for
chocolate lovers. We expect to catch the interest of a regular loyal customer base with its vast selection
of brownies, including not-so-traditional flavors.
We will focus on…
· Providing the highest quality product.
· Competitive pricing.
· New ideas and flavors.
· Local markets, with a special focus on coffee shop and bakery customers.
We will sell chocolate brownies coupled with exceptional customer service in a warm atmosphere.
Customers can dine-in and enjoy a warm or cold beverage to complement their brownie. Toppings will
also be available when customers dine in for children, as well as the young at heart. We will also offer
carry-out so customers can enjoy the treats at their own convenience.
18. We have specifically targeted segments of people with an appreciation for
delicious desserts
Targeted people are food lover and dessert lover .
Busy people who want all in one .
Our customers will also appreciate the fun and fast service - whether
celebrating a birthday or stopping in for a break between shopping.
Provide comfort and relaxation.
19. Although we are opening up a new product, there is no doubt that
we are competing with a variety of similar businesses. We need to
compete against the ideas that dessert is something that only
follows a special dinner and needn't be any better than a frozen
cake. We want every day to be a reason to celebrate.
The comfort factor plays an important role in consumer decisions
about sweets. Both the atmosphere and staff of KFC excels at
warm & friendly. At the same time, the menu will reflect familiar
favorites such as chocolate chunk or turtles, while there will be
flavors for the more adventurous as well, such as pistachio
brownies.
20. Promotion is the method used to inform and educate the chosen target
audience about the organization and its products. Using all the
resources of promotion:
* Advertising
* Sales Promotion
* Public Relations
* Events and Experiences
* Coupons, Discounts and Bundled packages
* An organization finds most of its meanings and survival through
promotion.
At KFC, Promotion is the main tool to bring all chicken lovers attention
towards its delicious one-of-a-kind product, the Fried Chicken.
K
F
C
21. Product development, is the life-blood of companies , it
drives growth. and provide
New value for customers
Enhance company progress
Profit margin
Improved society
Continued existence of the company
22. Our topic of presentation was NEW PRODUCT DEVELOPMENT
What Is NPD?
Reasons of NPD.
Factors of NPD.
Process of NPD.
Case study of KFC.