finalpresentation-120319043313-phpapp02.ppt
Transcript of finalpresentation-120319043313-phpapp02.ppt
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HISTORY OF KFC
Kentucky Fried Chicken
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1900-1924
Harland Sanders holds a variety of jobsincluding: farm hand, streetcar
conductor, army private in Cuba,
blacksmith's helper, rail yard
fireman, insurance salesman, tiresalesman and service station
operator for Standard Oil.
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1930
In the midst of the depression, Harland Sanders
opens his first restaurant in the small front room
of a gas station in Corbin, Kentucky. Sanders serves
as station operator, chief cook and cashier and
names the dining area "Sanders Court & Café."
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1939
The Sanders Court &
Café is first listed inDuncan Hines'
"Adventures in Good
Eating.“
Fire destroys The Sanders Court &
Café, but it is rebuilt and reopened.
The pressure cooker is introduced.
Soon thereafter Colonel Sandersbegins using it to fry his chicken to
give customers fresh chicken, faster.
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1940 1949
Birthdate of the Original Sanders marries
Recipe Claudia Price
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1952
The Colonel begins actively
franchising his chicken business by
traveling from town to town and
cooking batches of chicken forrestaurant owners and employees.
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1957 Kentucky Fried Chicken
first sold in buckets
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1964
Kentucky Fried Chicken has more than 600 franchised outlets in
the United States, Canada and the first overseas outlet, in
England.Sanders sells his interest in the U.S. company for $2 million to a
group of investors headed by John Y. Brown Jr., future governor of
Kentucky. The Colonel remains a public spokesman for the
company.
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1966
The Kentucky Fried Chicken
Corporation goes public.
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1969
The Kentucky Fried ChickenCorporation is listed on the
New York Stock Exchange.
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December 16, 1980
Colonel Harland Sanders, who
came to symbolize quality in the
food industry, dies after being
stricken with leukemia. Flags on allKentucky state buildings fly at half-
staff for four days.
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1982
Kentucky Fried Chicken becomes a
subsidiary of R.J. ReynoldsIndustries, Inc. (now RJR Nabisco,
Inc.) when Heublein, Inc. is
acquired by Reynolds.
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1997
PepsiCo, Inc. announces the spin-
off of its quick service restaurants -
KFC, Taco Bell and Pizza Hut - intoTricon Global Restaurants, Inc.
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2002
Tricon Global Restaurants, Inc., the world's
largest restaurant company, changes its
corporate name to YUM! Brands, Inc. Inaddition to KFC, the company owns A&W® All-
American Food® Restaurants, Long John
Silvers®, Pizza Hut® and Taco Bell® restaurants.
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2008
The Colonel has a new look! KFC
updates one of the most
recognized, respected and belovedbrand icons with a new logo.
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2009
KFC introduces Kentucky
Grilled Chicken
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4 P’s
Product, Price, Place, Promotion
KENTUCKY FRIED CHICKEN
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Price
Price is the any amount of money that customers
have to pay while purchasing the product. More
broadly, price is the sum of all the values that
consumers exchange for benefits of having or
using the product or services.
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Promotion
• Promotion is the method used to inform andeducate the chosen target audience about theorganization and its products. Using all theresources of promotion:
• Advertising • Sales Promotion • Public Relations • Events and Experiences
• Coupons, Discounts and Bundled packages • an organization finds most of its meanings andsurvival through promotion.
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• At KFC, Promotion is the main tool to bring all chicken lovers
attention towards its delicious one-of-a-kind.
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KFC Mom’s Bucket Meal
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Target Areas
• Free home delivery - They provide free home
delivery to offices & homes
• Accessibility – Resulting in several outlets to
cater to the needs of people in & around the
city.
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• • Hectic lifestyle – Due to the hectic lifestyle of
office goings individuals the fast food concept
saves time of preparing food and gives the
customer a full meal quickly.
• • Economically convenient – The pricing
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Product
• Anything that can be offered to a market to
satisfy a want or need. KFC’s specialty is fried
chicken served in various forms. KFC’s primary
product is pressure-fried pieces of chickenmade with the original recipe. The other
chicken offering, extra crispy, is made using a
garlic marinade and double dipping thechicken in flour before deep frying in a
standard industrial kitchen type machine.
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Products Of KFC
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Chicken
• Original Recipe
-It's what made Colonel Sanders and KFC famous. Hedeveloped the secret formula of 11 herbs and spices in the1930's in Corbin, Kentucky, and it still defines theirresistible flavour of KFC today.
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• Wings
-there meaty chicken wings pieces are lightly breadedin our special seasonings and fried to crispy perfection.They're great for lunch, dinner, or even while you'retailgating before the big game.
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• Extra Crispy
- This is for anyone who believes that the crunchier and crispiertheir chicken is, the better. KFC's Extra Crispy chicken is freshlyprepared with a flaky breading and then fried to a crispy goldenbrown. You'll even hear the crunch as you bite through the crustycoating and get to the mouth-watering, tender, juicy chicken.
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KFC famous bowls
• Mashed Potato bowl
-a generous serving of our creamy mashed potatoes,layered with sweet corn and loaded with bite-sized piecesof crispy chicken.
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• Rice Bowl
-This bowl is freshly prepared with layers of your KFCfavourites, including a generous serving of seasoned rice,sweet kernel corn and bite-sized pieces of all-white meatcrispy chicken.
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Sandwiches
• KFC Snacker- This is one of our most popular sandwiches. It's an all white meat chickenstrip double-breaded for extra crispy crunch and the Colonel's signaturesauce, served on a warm sesame seed bun.
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DESSERTS
• Double Chocolate chip cake
-chocolate cake, drizzled with white icing.
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• Little Bucket Parfaits
-Available in four flavours: Fudge Brownie, ChocolateCrème, Lemon Crème and Strawberry Shortcake
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Product Advertisement
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Segmentation
KENTUCKY FRIED CHICKEN
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Psychographic segmentation
• Upper and Middle Class
• Lifestyle not specific
• Personality: Ambitious and Authoritarian
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Geographic segmentation
• Urban areas
• Sub urban areas
• KFC has outlets internationally and sells its
products according to geographic needs of the
customer
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Strength
• Brand Equity
• Ranks highest among all chicken restaurant
• Name recognition and reputation.
• Strong trademark recipe
• Very strong internationally
• Constant improvement of chicken• Market leader in chicken foods for 50 years
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Weakness
• Inflexibility of prices makes it unaffordable to
lower class
• Unable to work out for their original ideas
• The many sales of KFC lead to a confusing
corporate direction.
• Unable to maintain sanitation and quality
standards
• Lack of knowledge of their customers
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• Mergers with different corporations resulted
in big cultural problem for KFC
• Lacks focus on R & D.
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Competitors
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Mang Inasal is the Philippine's fastest growing barbeque fast food chain,
serving chicken, pork barbeque and other Filipino favorites, was first
established on December 12, 2003 in Iloilo City.
Currently, there are 445 branches nationwide and with over 10,000
employees system wide. MANG INASAL is doing its share in alleviatingthe unemployment burden of the country. The presence of every MANG
INASAL in a certain area provides not only employment but also
opportunities to community members including suppliers of calamansi,
charcoal, banana leaves, vegetables, bamboo sticks, and other
ingredients