SlideShare a Scribd company logo
Superior University Lahore




                     Assignment Of
                Economics
                        BBA - 3B


Group Member
         M.Usman     11461
M.Irfan      11442
       Junaid        11478
Arslan      11480
Rameez       11443




Economics                            Page 1
Acknowledgement


In the name of Allah, the most beneficent & the Merciful.



Firstly, we all likely to thank mighty Allah who provides us knowledge, energy & skills to get
opportunities & to increase our knowledge & experience by completing this project.



Secondly, we especially thank to our instructor Ms. Zaara who guides us at every step & every
aspect of this report, so that’s competed successfully.




Economics                                                                                 Page 2
Table Of Content;
Executive Summary ………………………………………………………….. 04

Historyof KFC ……………………………………………………………… 05

Vision ………………………………………………………………………...05

Mission……………………………………………………………………….. 06

Objective of KFC …………………………………………………………….06

Values ofKFC. …….……………………………………………………….. .06

KFCs Product………………………………………………………………… 07

KFC SWOT Analysis ………………………………………………………..08

Marketing Strategy ………………………………………………………….. 09

Analysis& Recommendations …………………………………………………… 10

Conclusion ………………………………………………………………….. .11

Suggestion …………………………………………………………………….11

Reference …………………………………………………………………….. 11




Economics                                           Page 3
EXECUTIVE SUMMARY
The information used in the analysis of KFC came from variety of resources, including the
internet & different KFC’c outlets. The combination of these resources provides the basic for a
valid current analysis of KFC.



The major findings of KFC are as under



KFC competing the competitors & maintaining strong relationship with customers by taking
under consideration its Macro & Micro environment very efficiently.



KFC has segmented its market on the basis of segmentation variables like demographic,
psychographic, geographic & behavioral.



KFC is showing certain buying behavior. KFC is following of market penetration, market
development & product development for increase its customers. IT is following production,
marketing & social marketing strategies for increasing its market share and growth.




Economics                                                                               Page 4
1) HISTORY


    KFC (formerly known as Kentucky Fried Chicken) is the project of Gray Mackenzie
     Restaurants International Ltd. Founded first by Col Harland Sanders; KFC is known for
     its fried chicken.


    More than 10,000 outlets in the world.


    It was launched in 1997, Gulshan-E-Iqbal, Karachi.




    Presently in Pakistan, it is been operated by Cupola, a Dubai based multinational
     company involved in several business.


    In Pakistan, currently it has 43 branches.




2) KFC VISION STATEMENT


        Food, Fun & Festival, this is what KFC is all about. Leading the market since its
inception, KFC provides the ultimate chicken meals for a Chicken Loving Nation. Be it Colonel
Sanders secret original Recipe Chicken or the Hot & Spicy Version, every bite brings a YUM on
our face. At KFC we can proudly say, “We Do Chicken right”.




Economics                                                                             Page 5
3) KFC MISSION STATEMENT


    We are committed to customer satisfaction through offering high quality with excellent
     services and good value.


    We take great pride in serving each other, our customer and our communities.




    We seek continuous improvement in all that we do.




Objectives of KFC
 Every organization and company has some certain goals laid down by them to achieve to make
it renown and have value added services to satisfy customers.

    Build an organization dedicated to excellence.
    Consistently deliver superior quality and value in our products and services.
    Maintain a commitment to innovation for continuous improvement and grow, striving
       always to be the leader in the market place changes.
    Generate consistently superior financial returns and benefits our owner and employees.
To establish a position in Pakistan as a leading WQSR (Western Quick Service Restaurant)
chain, serving good value added services and Innovative chicken based products. KFC is
consistently providing a pleasant dining experience, with fast friendly, in a clean and convenient
location. Every moment dedicated to providing excellent and delighting customers.




Economics                                                                                  Page 6
Values of KFC
    Focusing all resources to the restaurants operation because that is where we serve our
        customers.
    Reward and respect the contributions of each individual at KFC.
    Expand and update training with time and be the best we can be and more.
    Be open, honest and direct in our dealings with one and other.
    Commit ourselves to the highest standard to the personal and professional integrity at all
        times.
    Encourage new and innovative ideas because these are the key to our competitive growth.
    Reward result and not simple efforts.
    Dedicate ourselves to continuous growth in sales, profit and size of organization.
    Work as a team.


4) KFC’s PRODUCTS

a) Core Benefit

                 The core benefit is “To Kill hunger”.

b) Products of KFC

              KFC have three main product lines. The burgers, chicken meals and the snacks.
The category of chicken is relatively static.

c) Burgers

                 The category of burgers is

   1.   Zinger
   2.   Chicken Burger
   3.   Zinger Xtreme
   4.   Fish Zinger
   5.   SUB (60,80)
   6.   *Col. Filled Burger




Economics                                                                                 Page 7
d) Snacks

                  Snack family has been various products.

      1.   Arabic Rice
      2.   Fruit Salad
      3.   *Corn on the cob
      4.   *Scoop of Walls
      5.   Fries
      6.   HOT SHOTS
      7.   Rice Spice


                  (*) These items are not available at a few restaurants.



   e) Chicken Meals

                  Chicken meals include the different combinations of fried drum sticks.

Features

       Different and better taste
       Hot and Spicy version of chicken
       Superior Quality


   KFC SWOT Analysis

   Strengths
           Brand Equity
           KFC secret recipe of 11 herbs and species
           Very strong internationally
           Strong Franchises all over the world
           Interactive relationship marketing
           Strong trademarks recipes
           Ranks highest among all chicken restaurants
           Chains for its convenience and menu variety
           Largest multi-branded restaurant in the world


   Economics                                                                               Page 8
Weaknesses

       Lack of knowledge about their customers
       Lack of relationship building with employees, customers and suppliers
       Lack of focus on Research &Development
       KFC desserts portion is not as better as should be
       They only focus higher income level people
Opportunities
       They have the opportunity to expand their sweet products
       They can open more outlets to get maximum market share
       They can open temporary outlets in peak season in the hill stations like Narran, kaghan,
       swat etc.
       They can capture more customers by decreasing the price of their products
       Updating their restaurants, Balanced menu, customer focus and Increase delivery service



Threats
       Rated 83 out of 100 in terms of competitiveness
       Increasing inflation rates directly affect menu prices
       Supermarkets and new competitors
       Health Trend away from fried foods
       Changing customer demands
       Some international events badly affected the market of KFC in Pakistan like IRAQ and
       AFGHAN war and we know KFC is American based. Therefore, it creates a great impact
       on the performance of KFC. During the war the sale of sale KFC decrease more than
       25%
       Current political situation is a big threat for KFC
Diseases like bird flu is the big threat for KFC




Economics                                                                               Page 9
Marketing Strategy
Segmentation
KFC has divided the market of Pakistan into distinct groups of customers with different
demands, tastes and behavior who require separate products or marketing mix.

In Pakistan the niche marketing is being used for particular classes of people.

They have made segments of the market on the following bases.

    Demographical
    Behavior
    Geographical

Analysis & Recommendations


Analysis:

  KFCis market leader in providing Fried Chicken. As KFC is addressing Fast Food, so it is
  competing with the prominent market signs, like Pizza Hut and McDonalds.

  Product:KFC is doing well so far. It needs improvement in their Hot-Menu. They
  Should make their menu dynamic, by introducing new meals ____after certain period of
  Time. New items should be introduced, by varying the taste. Like, pizza hut has come up
 With "Chapli Kebab Pizza" ___ addressing the local taste; KFC should go for such
  Innovation, in order to increase their market share.

  Price _ of KFC is reasonable, if compared with other fast food restaurants. But as, price
  is always the primary concern for consumers; so KFC should adopt certain strategy to attract the
  consumers. Its not only by lowering their prices. It could be by, introducing discount packages, for
  families, employees, students and regular customers. The membership cards can be used to,
  provide certain extra value to the consumers.

 Placementis very important factor, for a company to increase its market share, by targeting the
 right consumers. KFC need to have more outlets, at commercial areas. It will help in targeting the
 actual customers and potential customers as well. Mobile outlets can be effective addition as well.




Economics                                                                                      Page 10
Promotion:KFC has large customer equity, but being a market symbol, a company should strive
 for having more actual customers. KFC should work for, having a solid marketing department.
 They should organize and run advertisement campaigns. It would certainly be incremental factor
 for their sale. Different modes of advertisements can be used for, triggering the community. KFC
 could use brand promoters. KFC can setup, promotional campaigns. All what is needed is a well
 established marketing department, in order to facilitate effective, promotions.



Conclusion
 KFC is providing employment to 1200 Pakistanis which adds up to 6000 Pakistanis directly
 dependant on KFC.

 KFC paying Rs.10 million to Govt. of Pakistan as direct taxes.

 95% of its food and packing material is used in KFC Pakistan is produced locally which sums
 up to purchase of 35 million per month.

 Each new outlet developed by KFC Pakistan spends 40 million rupees that’s a massive
 amount for this industry.

 From above analysis, it’s clear that KFC and Pakistan are growing together. So KFC is doing
 well at Pakistan. KFC is also following marketing strategies, segmenting the market to
 segmentation variables and increasing their market share. KFC is leading in Fried Chicken. It
 gives quality, variety and fresh meal as of its competitors.




Economics                                                                                Page 11
Suggestion
There are some suggestions for kfc e.g.

   1) Should work for vegetarian like Hindus.
   2) Must focus on the poor people and should make some products for those. Which should
      be cheap in price?
   3) Even think about innovation in the business e.g. they can make motels and hotels.
        But even though

    About kfc I must quote a proverb:

 Even if you are on the right track you can get run over if you just
sit there.
Kfc was the person who had in his mind that someday he will succeed. So he started his journey.
He starts his business when no one wants to purchase his product. But even though through his
determine power he succeeded and now we see that all over the world kfc is working. Here we
got the message that a will power of any person man can get everything.

 References


   1. WWW.KFC.COM
   2. WWW.KFCPAKISTAN.COM
NAVEED IQBAL, BUSINESS UNIT MANAGER, KFC, MALL ROAD, LAHORE




Economics                                                                               Page 12

More Related Content

What's hot

KFC Matrixes Analysis
KFC Matrixes AnalysisKFC Matrixes Analysis
KFC Matrixes AnalysisFarhan Akhtar
 
KFC Retail & Franchising
KFC Retail & FranchisingKFC Retail & Franchising
KFC Retail & Franchising
Pardeep Jindal
 
Presentation on KFC
Presentation on KFCPresentation on KFC
Presentation on KFC
Tanya Sharma
 
Kfc SWOT Presentation
Kfc SWOT PresentationKfc SWOT Presentation
Kfc SWOT PresentationS K
 
KFC - Project in HBO
KFC - Project in HBOKFC - Project in HBO
KFC - Project in HBO
Anthony Ramonida
 
Marketing Mix of KFC
Marketing Mix of KFCMarketing Mix of KFC
Marketing Mix of KFC
SOJIBSAMS
 
Case study On KFC
Case study On KFCCase study On KFC
Case study On KFC
Eklavya Sharma
 
KFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International businessKFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International business
Abdullah Zaman
 
Operation strategy assignment kfc
Operation strategy assignment kfcOperation strategy assignment kfc
Operation strategy assignment kfc
Pragnya Sahoo
 
Kfc
KfcKfc
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
prince_sher
 
Operations strategies of KFC
Operations strategies of KFCOperations strategies of KFC
Operations strategies of KFC
ABV-IIItm , Gwalior
 
Kfc Case Complete
Kfc Case CompleteKfc Case Complete
Kfc Case Completeguestea96e4
 
KFC Presentation 2019 in Pakistan
KFC Presentation 2019 in Pakistan KFC Presentation 2019 in Pakistan
KFC Presentation 2019 in Pakistan
MUHAMMAD SHERAZ
 
KFC
KFCKFC
KFC MARKETING STRATEGIES
KFC MARKETING STRATEGIESKFC MARKETING STRATEGIES
KFC MARKETING STRATEGIES
gulam21gaus
 
Kfc operations
Kfc operationsKfc operations
Kfc operations
Moeed Awais
 

What's hot (20)

KFC Matrixes Analysis
KFC Matrixes AnalysisKFC Matrixes Analysis
KFC Matrixes Analysis
 
KFC Retail & Franchising
KFC Retail & FranchisingKFC Retail & Franchising
KFC Retail & Franchising
 
Presentation on KFC
Presentation on KFCPresentation on KFC
Presentation on KFC
 
Kfc SWOT Presentation
Kfc SWOT PresentationKfc SWOT Presentation
Kfc SWOT Presentation
 
KFC - Project in HBO
KFC - Project in HBOKFC - Project in HBO
KFC - Project in HBO
 
Marketing Mix of KFC
Marketing Mix of KFCMarketing Mix of KFC
Marketing Mix of KFC
 
Case study On KFC
Case study On KFCCase study On KFC
Case study On KFC
 
KFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International businessKFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International business
 
Operation strategy assignment kfc
Operation strategy assignment kfcOperation strategy assignment kfc
Operation strategy assignment kfc
 
KFC Holdings
KFC HoldingsKFC Holdings
KFC Holdings
 
Kfc
KfcKfc
Kfc
 
Kfc mrktng 2003
Kfc mrktng 2003Kfc mrktng 2003
Kfc mrktng 2003
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
 
Operations strategies of KFC
Operations strategies of KFCOperations strategies of KFC
Operations strategies of KFC
 
Kfc Case Complete
Kfc Case CompleteKfc Case Complete
Kfc Case Complete
 
KFC Presentation 2019 in Pakistan
KFC Presentation 2019 in Pakistan KFC Presentation 2019 in Pakistan
KFC Presentation 2019 in Pakistan
 
KFC
KFCKFC
KFC
 
Kfc presentation
Kfc presentationKfc presentation
Kfc presentation
 
KFC MARKETING STRATEGIES
KFC MARKETING STRATEGIESKFC MARKETING STRATEGIES
KFC MARKETING STRATEGIES
 
Kfc operations
Kfc operationsKfc operations
Kfc operations
 

Viewers also liked

MINOR PROJECT REPORT ON KFC
MINOR PROJECT REPORT ON KFCMINOR PROJECT REPORT ON KFC
MINOR PROJECT REPORT ON KFC
Simar ੴ Singh
 
Kfc presentation
Kfc presentationKfc presentation
Kfc presentation
Humayun Khalid Qureshi
 
KFC PRESENTATION SLIDE
KFC PRESENTATION SLIDEKFC PRESENTATION SLIDE
KFC PRESENTATION SLIDE
SynnDee_94
 
kfc vs macdonald world
kfc vs macdonald world kfc vs macdonald world
kfc vs macdonald world Karishma Shah
 
Final supply-chain-project on McDonalds
Final supply-chain-project on McDonaldsFinal supply-chain-project on McDonalds
Final supply-chain-project on McDonalds
Saira Sharif
 
Kfc Research Analysis
Kfc Research AnalysisKfc Research Analysis
Kfc Research Analysisimctommyb
 
Business studies project
Business studies projectBusiness studies project
Business studies project
Accountancy Guru
 
11th grade business studies project on KFC
11th grade business studies project on KFC 11th grade business studies project on KFC
11th grade business studies project on KFC
Krishna Villi
 
Mcdonalds presentation
Mcdonalds presentationMcdonalds presentation
Mcdonalds presentation
Siddharth Garg
 
Presentation KFC
Presentation KFCPresentation KFC
Presentation KFC
aatiqa ghazali
 
Yum! brand presentation
Yum! brand presentationYum! brand presentation
Yum! brand presentationJohn Chang
 
Mcdonalds presentation 130621085419-phpapp02
Mcdonalds presentation 130621085419-phpapp02Mcdonalds presentation 130621085419-phpapp02
Mcdonalds presentation 130621085419-phpapp02
Muhammad Farhan Javed
 
Gourmet bakers
Gourmet bakersGourmet bakers
Gourmet bakers
Sufi Nouman Riaz
 
Paper jewelry (final assignment)
Paper jewelry (final assignment)Paper jewelry (final assignment)
Paper jewelry (final assignment)
Ayesha Iftikhar
 
SWOT Analysis Yum! Brands,pizza hut and kfc
SWOT Analysis Yum! Brands,pizza hut and kfcSWOT Analysis Yum! Brands,pizza hut and kfc
SWOT Analysis Yum! Brands,pizza hut and kfcIsha Sharinah
 
Gourment Beverages
Gourment BeveragesGourment Beverages
Gourment Beverages
Ata Ul Hassnain Awan
 
Task and General Environment of KFC in Pakistan
Task and General Environment of KFC in PakistanTask and General Environment of KFC in Pakistan
Task and General Environment of KFC in Pakistan
Mohammad Mustafa Naqshbandi
 

Viewers also liked (20)

Kfc
KfcKfc
Kfc
 
MINOR PROJECT REPORT ON KFC
MINOR PROJECT REPORT ON KFCMINOR PROJECT REPORT ON KFC
MINOR PROJECT REPORT ON KFC
 
Kfc presentation
Kfc presentationKfc presentation
Kfc presentation
 
KFC PRESENTATION SLIDE
KFC PRESENTATION SLIDEKFC PRESENTATION SLIDE
KFC PRESENTATION SLIDE
 
Superior history
Superior historySuperior history
Superior history
 
Kfc
KfcKfc
Kfc
 
kfc vs macdonald world
kfc vs macdonald world kfc vs macdonald world
kfc vs macdonald world
 
Final supply-chain-project on McDonalds
Final supply-chain-project on McDonaldsFinal supply-chain-project on McDonalds
Final supply-chain-project on McDonalds
 
Kfc Research Analysis
Kfc Research AnalysisKfc Research Analysis
Kfc Research Analysis
 
Business studies project
Business studies projectBusiness studies project
Business studies project
 
11th grade business studies project on KFC
11th grade business studies project on KFC 11th grade business studies project on KFC
11th grade business studies project on KFC
 
Mcdonalds presentation
Mcdonalds presentationMcdonalds presentation
Mcdonalds presentation
 
Presentation KFC
Presentation KFCPresentation KFC
Presentation KFC
 
Yum! brand presentation
Yum! brand presentationYum! brand presentation
Yum! brand presentation
 
Mcdonalds presentation 130621085419-phpapp02
Mcdonalds presentation 130621085419-phpapp02Mcdonalds presentation 130621085419-phpapp02
Mcdonalds presentation 130621085419-phpapp02
 
Gourmet bakers
Gourmet bakersGourmet bakers
Gourmet bakers
 
Paper jewelry (final assignment)
Paper jewelry (final assignment)Paper jewelry (final assignment)
Paper jewelry (final assignment)
 
SWOT Analysis Yum! Brands,pizza hut and kfc
SWOT Analysis Yum! Brands,pizza hut and kfcSWOT Analysis Yum! Brands,pizza hut and kfc
SWOT Analysis Yum! Brands,pizza hut and kfc
 
Gourment Beverages
Gourment BeveragesGourment Beverages
Gourment Beverages
 
Task and General Environment of KFC in Pakistan
Task and General Environment of KFC in PakistanTask and General Environment of KFC in Pakistan
Task and General Environment of KFC in Pakistan
 

Similar to Kfc project superior university lahore

Strategicmarketing_KFC.pdf
Strategicmarketing_KFC.pdfStrategicmarketing_KFC.pdf
Strategicmarketing_KFC.pdf
Rashna Maharjan
 
ORGANIZATION BEHAVIOUR
ORGANIZATION BEHAVIOURORGANIZATION BEHAVIOUR
ORGANIZATION BEHAVIOUR
Kalai Vaani
 
SYED ADEEL ALI _ KFC Presentation1.pptx
SYED ADEEL ALI _ KFC Presentation1.pptxSYED ADEEL ALI _ KFC Presentation1.pptx
SYED ADEEL ALI _ KFC Presentation1.pptx
SyedAdeelAli7
 
Kfc final am
Kfc final  amKfc final  am
Kfc final ammanas0007
 
SYED ADEEL ALI (THESIS).docx
SYED ADEEL ALI (THESIS).docxSYED ADEEL ALI (THESIS).docx
SYED ADEEL ALI (THESIS).docx
SyedAdeelAli7
 
Kfc final
Kfc finalKfc final
Kfc final
Sahil Sharma
 
Crm by kfc
Crm by kfcCrm by kfc
Crm by kfc
Saumyadip Maiti
 
Marketing plan of KFC
Marketing plan of KFC Marketing plan of KFC
Marketing plan of KFC
Inbasaat Pirzada
 
1KFC PPT. COM.pptx
1KFC PPT. COM.pptx1KFC PPT. COM.pptx
1KFC PPT. COM.pptx
GuGan6
 
Page 1 of 7 TABLE OF CONTENTS Introduction .......docx
Page 1 of 7  TABLE OF CONTENTS  Introduction  .......docxPage 1 of 7  TABLE OF CONTENTS  Introduction  .......docx
Page 1 of 7 TABLE OF CONTENTS Introduction .......docx
alfred4lewis58146
 
Kfc presentation
Kfc presentation Kfc presentation
Kfc presentation
JiyaaNaqvi
 
KFC.pptx
KFC.pptxKFC.pptx
KFC.pptx
businessman23
 
K&NS
K&NSK&NS
Kfc presentation
Kfc presentationKfc presentation
Kfc presentation
Hifza Ashraf
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-psBhaven Thakrar
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...Vikranth Cm
 
Kfc pakistan
Kfc pakistanKfc pakistan
Kfc pakistan
Usama Najeeb
 
Kfc
KfcKfc
Marketing project kfc final term
Marketing project kfc final termMarketing project kfc final term
Marketing project kfc final term
AnirupMoitra
 
new Product development
new Product developmentnew Product development
new Product development
Hifza Ashraf
 

Similar to Kfc project superior university lahore (20)

Strategicmarketing_KFC.pdf
Strategicmarketing_KFC.pdfStrategicmarketing_KFC.pdf
Strategicmarketing_KFC.pdf
 
ORGANIZATION BEHAVIOUR
ORGANIZATION BEHAVIOURORGANIZATION BEHAVIOUR
ORGANIZATION BEHAVIOUR
 
SYED ADEEL ALI _ KFC Presentation1.pptx
SYED ADEEL ALI _ KFC Presentation1.pptxSYED ADEEL ALI _ KFC Presentation1.pptx
SYED ADEEL ALI _ KFC Presentation1.pptx
 
Kfc final am
Kfc final  amKfc final  am
Kfc final am
 
SYED ADEEL ALI (THESIS).docx
SYED ADEEL ALI (THESIS).docxSYED ADEEL ALI (THESIS).docx
SYED ADEEL ALI (THESIS).docx
 
Kfc final
Kfc finalKfc final
Kfc final
 
Crm by kfc
Crm by kfcCrm by kfc
Crm by kfc
 
Marketing plan of KFC
Marketing plan of KFC Marketing plan of KFC
Marketing plan of KFC
 
1KFC PPT. COM.pptx
1KFC PPT. COM.pptx1KFC PPT. COM.pptx
1KFC PPT. COM.pptx
 
Page 1 of 7 TABLE OF CONTENTS Introduction .......docx
Page 1 of 7  TABLE OF CONTENTS  Introduction  .......docxPage 1 of 7  TABLE OF CONTENTS  Introduction  .......docx
Page 1 of 7 TABLE OF CONTENTS Introduction .......docx
 
Kfc presentation
Kfc presentation Kfc presentation
Kfc presentation
 
KFC.pptx
KFC.pptxKFC.pptx
KFC.pptx
 
K&NS
K&NSK&NS
K&NS
 
Kfc presentation
Kfc presentationKfc presentation
Kfc presentation
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps-120919025829-phpapp...
 
Kfc pakistan
Kfc pakistanKfc pakistan
Kfc pakistan
 
Kfc
KfcKfc
Kfc
 
Marketing project kfc final term
Marketing project kfc final termMarketing project kfc final term
Marketing project kfc final term
 
new Product development
new Product developmentnew Product development
new Product development
 

Recently uploaded

Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
Henry Tapper
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
HajeJanKamps
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop.com LTD
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
Naaraayani Minerals Pvt.Ltd
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
my Pandit
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
Ben Wann
 

Recently uploaded (20)

Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 

Kfc project superior university lahore

  • 1. Superior University Lahore Assignment Of Economics BBA - 3B Group Member M.Usman 11461 M.Irfan 11442 Junaid 11478 Arslan 11480 Rameez 11443 Economics Page 1
  • 2. Acknowledgement In the name of Allah, the most beneficent & the Merciful. Firstly, we all likely to thank mighty Allah who provides us knowledge, energy & skills to get opportunities & to increase our knowledge & experience by completing this project. Secondly, we especially thank to our instructor Ms. Zaara who guides us at every step & every aspect of this report, so that’s competed successfully. Economics Page 2
  • 3. Table Of Content; Executive Summary ………………………………………………………….. 04 Historyof KFC ……………………………………………………………… 05 Vision ………………………………………………………………………...05 Mission……………………………………………………………………….. 06 Objective of KFC …………………………………………………………….06 Values ofKFC. …….……………………………………………………….. .06 KFCs Product………………………………………………………………… 07 KFC SWOT Analysis ………………………………………………………..08 Marketing Strategy ………………………………………………………….. 09 Analysis& Recommendations …………………………………………………… 10 Conclusion ………………………………………………………………….. .11 Suggestion …………………………………………………………………….11 Reference …………………………………………………………………….. 11 Economics Page 3
  • 4. EXECUTIVE SUMMARY The information used in the analysis of KFC came from variety of resources, including the internet & different KFC’c outlets. The combination of these resources provides the basic for a valid current analysis of KFC. The major findings of KFC are as under KFC competing the competitors & maintaining strong relationship with customers by taking under consideration its Macro & Micro environment very efficiently. KFC has segmented its market on the basis of segmentation variables like demographic, psychographic, geographic & behavioral. KFC is showing certain buying behavior. KFC is following of market penetration, market development & product development for increase its customers. IT is following production, marketing & social marketing strategies for increasing its market share and growth. Economics Page 4
  • 5. 1) HISTORY  KFC (formerly known as Kentucky Fried Chicken) is the project of Gray Mackenzie Restaurants International Ltd. Founded first by Col Harland Sanders; KFC is known for its fried chicken.  More than 10,000 outlets in the world.  It was launched in 1997, Gulshan-E-Iqbal, Karachi.  Presently in Pakistan, it is been operated by Cupola, a Dubai based multinational company involved in several business.  In Pakistan, currently it has 43 branches. 2) KFC VISION STATEMENT Food, Fun & Festival, this is what KFC is all about. Leading the market since its inception, KFC provides the ultimate chicken meals for a Chicken Loving Nation. Be it Colonel Sanders secret original Recipe Chicken or the Hot & Spicy Version, every bite brings a YUM on our face. At KFC we can proudly say, “We Do Chicken right”. Economics Page 5
  • 6. 3) KFC MISSION STATEMENT  We are committed to customer satisfaction through offering high quality with excellent services and good value.  We take great pride in serving each other, our customer and our communities.  We seek continuous improvement in all that we do. Objectives of KFC Every organization and company has some certain goals laid down by them to achieve to make it renown and have value added services to satisfy customers.  Build an organization dedicated to excellence.  Consistently deliver superior quality and value in our products and services.  Maintain a commitment to innovation for continuous improvement and grow, striving always to be the leader in the market place changes.  Generate consistently superior financial returns and benefits our owner and employees. To establish a position in Pakistan as a leading WQSR (Western Quick Service Restaurant) chain, serving good value added services and Innovative chicken based products. KFC is consistently providing a pleasant dining experience, with fast friendly, in a clean and convenient location. Every moment dedicated to providing excellent and delighting customers. Economics Page 6
  • 7. Values of KFC  Focusing all resources to the restaurants operation because that is where we serve our customers.  Reward and respect the contributions of each individual at KFC.  Expand and update training with time and be the best we can be and more.  Be open, honest and direct in our dealings with one and other.  Commit ourselves to the highest standard to the personal and professional integrity at all times.  Encourage new and innovative ideas because these are the key to our competitive growth.  Reward result and not simple efforts.  Dedicate ourselves to continuous growth in sales, profit and size of organization.  Work as a team. 4) KFC’s PRODUCTS a) Core Benefit The core benefit is “To Kill hunger”. b) Products of KFC KFC have three main product lines. The burgers, chicken meals and the snacks. The category of chicken is relatively static. c) Burgers The category of burgers is 1. Zinger 2. Chicken Burger 3. Zinger Xtreme 4. Fish Zinger 5. SUB (60,80) 6. *Col. Filled Burger Economics Page 7
  • 8. d) Snacks Snack family has been various products. 1. Arabic Rice 2. Fruit Salad 3. *Corn on the cob 4. *Scoop of Walls 5. Fries 6. HOT SHOTS 7. Rice Spice (*) These items are not available at a few restaurants. e) Chicken Meals Chicken meals include the different combinations of fried drum sticks. Features  Different and better taste  Hot and Spicy version of chicken  Superior Quality KFC SWOT Analysis Strengths Brand Equity KFC secret recipe of 11 herbs and species Very strong internationally Strong Franchises all over the world Interactive relationship marketing Strong trademarks recipes Ranks highest among all chicken restaurants Chains for its convenience and menu variety Largest multi-branded restaurant in the world Economics Page 8
  • 9. Weaknesses Lack of knowledge about their customers Lack of relationship building with employees, customers and suppliers Lack of focus on Research &Development KFC desserts portion is not as better as should be They only focus higher income level people Opportunities They have the opportunity to expand their sweet products They can open more outlets to get maximum market share They can open temporary outlets in peak season in the hill stations like Narran, kaghan, swat etc. They can capture more customers by decreasing the price of their products Updating their restaurants, Balanced menu, customer focus and Increase delivery service Threats Rated 83 out of 100 in terms of competitiveness Increasing inflation rates directly affect menu prices Supermarkets and new competitors Health Trend away from fried foods Changing customer demands Some international events badly affected the market of KFC in Pakistan like IRAQ and AFGHAN war and we know KFC is American based. Therefore, it creates a great impact on the performance of KFC. During the war the sale of sale KFC decrease more than 25% Current political situation is a big threat for KFC Diseases like bird flu is the big threat for KFC Economics Page 9
  • 10. Marketing Strategy Segmentation KFC has divided the market of Pakistan into distinct groups of customers with different demands, tastes and behavior who require separate products or marketing mix. In Pakistan the niche marketing is being used for particular classes of people. They have made segments of the market on the following bases.  Demographical  Behavior  Geographical Analysis & Recommendations Analysis: KFCis market leader in providing Fried Chicken. As KFC is addressing Fast Food, so it is competing with the prominent market signs, like Pizza Hut and McDonalds. Product:KFC is doing well so far. It needs improvement in their Hot-Menu. They Should make their menu dynamic, by introducing new meals ____after certain period of Time. New items should be introduced, by varying the taste. Like, pizza hut has come up With "Chapli Kebab Pizza" ___ addressing the local taste; KFC should go for such Innovation, in order to increase their market share. Price _ of KFC is reasonable, if compared with other fast food restaurants. But as, price is always the primary concern for consumers; so KFC should adopt certain strategy to attract the consumers. Its not only by lowering their prices. It could be by, introducing discount packages, for families, employees, students and regular customers. The membership cards can be used to, provide certain extra value to the consumers. Placementis very important factor, for a company to increase its market share, by targeting the right consumers. KFC need to have more outlets, at commercial areas. It will help in targeting the actual customers and potential customers as well. Mobile outlets can be effective addition as well. Economics Page 10
  • 11. Promotion:KFC has large customer equity, but being a market symbol, a company should strive for having more actual customers. KFC should work for, having a solid marketing department. They should organize and run advertisement campaigns. It would certainly be incremental factor for their sale. Different modes of advertisements can be used for, triggering the community. KFC could use brand promoters. KFC can setup, promotional campaigns. All what is needed is a well established marketing department, in order to facilitate effective, promotions. Conclusion KFC is providing employment to 1200 Pakistanis which adds up to 6000 Pakistanis directly dependant on KFC. KFC paying Rs.10 million to Govt. of Pakistan as direct taxes. 95% of its food and packing material is used in KFC Pakistan is produced locally which sums up to purchase of 35 million per month. Each new outlet developed by KFC Pakistan spends 40 million rupees that’s a massive amount for this industry. From above analysis, it’s clear that KFC and Pakistan are growing together. So KFC is doing well at Pakistan. KFC is also following marketing strategies, segmenting the market to segmentation variables and increasing their market share. KFC is leading in Fried Chicken. It gives quality, variety and fresh meal as of its competitors. Economics Page 11
  • 12. Suggestion There are some suggestions for kfc e.g. 1) Should work for vegetarian like Hindus. 2) Must focus on the poor people and should make some products for those. Which should be cheap in price? 3) Even think about innovation in the business e.g. they can make motels and hotels. But even though About kfc I must quote a proverb: Even if you are on the right track you can get run over if you just sit there. Kfc was the person who had in his mind that someday he will succeed. So he started his journey. He starts his business when no one wants to purchase his product. But even though through his determine power he succeeded and now we see that all over the world kfc is working. Here we got the message that a will power of any person man can get everything. References 1. WWW.KFC.COM 2. WWW.KFCPAKISTAN.COM NAVEED IQBAL, BUSINESS UNIT MANAGER, KFC, MALL ROAD, LAHORE Economics Page 12