Preview

Burger King

Powerful Essays
Open Document
Open Document
2267 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Burger King
Faculty of Business Administration
The British University in Egypt
Introduction to Marketing 2
Marketing Plan

Executive Summary

Burger King which started of as a partnership organization between James Mclamore his partner David Edgerton in 1954 is now owned by a group of investors led by Texas Pacific Group, and this has been the case since 2002. Burger King does not only seek to maximize profits, but also customer satisfaction. Since it was just recently introduced in the Middle East and precisely in Egypt, one of its major objectives is to increase awareness to its new market.
Burger King started of with just one store in Miami, Florida. Today it runs over 11,000 branches and yet still seeking for more.
Here, will emphasize on what are the major factors that need to be to be put into consideration and become part of Burger King’s objective, as well as discussing the internal weaknesses and strength against its external opportunities and threats. We also mention ways and plans in which Burger King could expand on its market share in both new and existing markets. In addition on strategic methods both internally and externally to improve on customer loyalty and quality improvement that consequently will generate higher profits.

Environmental Analysis
Currently Burger King is owned by a group of investors led by Texas Pacific Group, and this has been the case since 2002. Burger King has more than 11,300 branches worldwide. In the near future Burger King will enter the Egyptian Market, hoping to have a significant percentage of the market share, about 10 – 15 % for starters and we hope to increase this percentage over the coming years. Burger King will be franchised to Hana International Company (limited), which is part of The Olayan Group, based in Saudi Arabia.
A) The Marketing Environment * Competitive Forces: Burger King has both local & multinational competitors, but we will concentrate on the multinational competitors as they have a

You May Also Find These Documents Helpful

  • Satisfactory Essays

    First, the long-term objective must be acceptable by those whom the objective was meant to serve. Second, the objective must be flexible; otherwise, striving to complete an objective while ignoring outside factors may null the results or may be harmful to the organization. The objective must be measurable over time and motivate those that will carry out the work. The fifth and sixth characteristics are the objective must be understandable and achievable. The authors will define Burger King’s Long-term objectives as they align to the following areas: market position, image, public responsibility, and product innovation. Nowadays Burger King Corporation is the second largest fast-food chain in the United States, trailing only McDonald's. The company has more than 10,400 franchises and owns about 1,000 for chain wide, with locations in all 50 states and 56 countries around the world. The company serves 15.7 million customers each day and over 2.4 billion Burger King Hamburgers are sold each year across the…

    • 718 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    BURGER KING SEEKING CONSISTENCY Abstract This paper will examine the image changes Burger King has undertaken in an attempt to reverse recent profit losses. Reasons for Burger King’s struggles will be discussed, namely its lack of vision and frequent leadership changes. Finally, solutions to Burger King’s fundamental flaws will be offered based upon research on change management, decision-making, and leadership methods.…

    • 5688 Words
    • 23 Pages
    Better Essays
  • Better Essays

    Tim Horton S Case Study

    • 3661 Words
    • 11 Pages

    In order for both Burger King and Tim Hortons to reach their maximum growth potential, it is necessary for the Tim Hortons brand to expand into new US markets. In order to do this, the company should implement a combination of alternatives 2 and 3. The main justifications are as follows:…

    • 3661 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    Burger King has more than 12,000 outlets in 73 countries; 66% are in the United States and 90% are privately owned and operated. The company has more than 37,000 employees serving approximately 11.4 million customers daily…

    • 3128 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Outside competition will always be an external threat as new food service companies enter the marketplace focusing on more balanced menus. Established companies like Burger King, Taco Bell, and Wendy’s are also constantly striving to introduce new methods of stealing market share away from each…

    • 983 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    01 SPRINGSMBA51028 1

    • 1236 Words
    • 5 Pages

    Competition is a common factor in the restaurant industry and McDonald’s, along with other industry leaders, strive to remain current in today’s evolving and changing markets (Talpau, A. et al). McDonald’s initial strategy and focus was on their products, and now is struggling with other industry leaders, whose strategy is mainly…

    • 1236 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    To discuss about the possible effects on the Burger King’s sales should they continue to focus on one essential market.…

    • 1427 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Burger King is a big business. They provide serves to customers in approximately 12,000 locations covering all 50 states and 73 countries worldwide. Most of their restaurants are independently owned and operated by franchisees (About the Burger King Corporation).…

    • 912 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Burger King was founded in 1954 in Miami, Florida. Burger King was founded by James McClamore and David Edgerton. BK's founders picked up an idea from some of their Cornell University classmates, Keith Kramer and Matthew Burns, for a stove called an "Insta-Broiler" and their restaurant called Insta-Burger King. After adjustments, they came up with a gas grill that they named a "flame broiler' to eliminate any problems. After visiting the McDonald brother hamburger stand in 1954, they bought the Insta-Burger King franchise. In 1957, Burger King introduced The Whopper their menu at the price of $0.37 to snag sales from McDonald's. In 1968, McDonald's introduced The Big Mac and apple pie to the menu. Both menu items were inspired and created by owner/ operators and franchisees. Three years after opening, BK decided…

    • 621 Words
    • 3 Pages
    Good Essays
  • Good Essays

    There are many stakeholders of Burger King; customers, employers, suppliers, owners and the trade union. The customers of Burger King are classed as external stakeholders, they have an interest in the business as they are the purchasers, users and consumers of Burger King. They are vital for the business as they provide the cash flow. The cash flow comes from customers wanting a product enough to purchase it, so they are affected by changes in the business which then affects the businesses profit. The customers want products with good variety, quality, convenience and low cost. Employees are also a main stakeholder of Burger King and in 2010 they had 38,840 (approx). Their interest in the business is having a job, salary, job security, chance of promotion, job satisfaction and training. The employees of Burger King want to have an influence on the business and have their good efforts noticed with promotions and employee of the month/year. They affect the turnover of the business and level of customer service for example if certain employees didn’t do everything they are employed to do and do things to a good standard this could give a…

    • 924 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Franchising however give some problems to they new owners. The way McLamore and Edgerton handle and manage this was not the appropriate because with they low control of the franchisees around the country, the stores experience by the customer was different in each Burger King, the image the sense of the place was really different in each burger king, something that would not help to the brand and to the market share they already have got. For example, “Wealthy Louisianans Billy and Jimmy Trotter bought their first Burger King outlet in 1963. By 1969, they controlled almost two dozen Burger King Restaurants and went public under the name Self Service Restaurants Inc. In 1970, when the franchisees in control of the lucrative Chicago market decided to sell out, Billy Trotter flew to Chicago in a snowstorm to buy the territory for $8 million. By the time Pillsbury executives got to town the next day, they found they had been bested by their own franchisee” . This was something that happens because of the lack of control of the first owners with the…

    • 1451 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Burger King International

    • 1284 Words
    • 6 Pages

    I strongly believe that Burger King configures and coordinates its value chain according to the market into which it is entering. In regions where Burger King has been a late entrant into the market, they have been left to focus on improving the taste of their flame broiled menu items and also…

    • 1284 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Burger King Profile

    • 893 Words
    • 4 Pages

    Burger King was founded in 1954 by James McLamore and David Edgerton in Miami, Florida. In 1967, the founders sold the company to the Pillsbury Company, taking it from a small privately held franchised chain to a subsidiary of a large food conglomerate. In December 2002, Burger King was acquired by private equity funds controlled by TPG Capital, Bain Capital Partners and Goldman Sachs & Co. It completed a successful initial public offering in 2006. On October 19, 2010, it was acquired by 3G Capital Partners, Ltd., as a result, its common stock ceased to be traded on NYSE after close of market on that day.…

    • 893 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    McDonald and Burger King are two famous brands in hamburger market, and they both are very successful in their business. But their different strategies in marketing lead to different operation management. These two cases choose one McDonald’s store and one Burger King’s store to show the difference, which are in the same area.…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Burger King is a global-American chain of fast food restaurants, originating from Miami, Florida. The company was founded in 1953 by David Edgerton and James McLamore and currently operates over 13,000 outlets in 79 countries. The company menu has transitioned from their traditional hamburger, fries and soda to a wider variety. Approximately 90% of their outlets are privately held franchises, leaving the company relying solely on franchise fees. Their major global competitors include:…

    • 8084 Words
    • 29 Pages
    Powerful Essays

Related Topics