Situational Analysis Ock
Overview and background of company
Introduction:
Listed on the SGX Catalist in January 2008, Old Chang Kee is one of Singapore’s most recognized household brands, with a promise to provide convenient alternatives to fast food for its consumers.
Ranked 15th amongst snack joints chain around the globe in May’s issue of Leisure and Travel Magazine in the States, Old Chang Kee currently owns more than 70 outlets in Singapore, China, Malaysia, and franchised outlets in Indonesia and the Philippines.
Brand Vision:
To deliver superior quality of hot finger food and ready made meals at a value-for-money price positioning; in a clean, and customer friendly retail environment.
Brand Mission:
Old Chang Kee aims to refine and modernize traditional food recipes for the modern and multi-cultural customers and an alternative to fast food for the city dwellers.
Product Portfolio:
The Group’s product portfolio consists of a wide variety of over 40 other products such as deep fried items and other local delicacies. Endearingly known as “Curry-O”, Old Chang Kee’s signature curry puff has over 52 years of history in Singapore. In order to differentiate products from others in the market, Old Chang Kee has developed distinctive brand names such as “Yam K8”, and “Fishball OnStik”.
B. Situation Analysis
A. Microenvironment – Internal Factors
Company’s resources. Old Chang Kee has approximately 900 employees, working in 70 different retail outlets. There are also 2 central kitchens that are certified Halal by MUIS.
Performance. The popular items in Old Chang Kee includes their signature products such as the Curry Puff and Sardine Puff. On average, 500-800 puffs are sold daily. This amonts to the sales of approximately 18-25K during a non-festive month and 20K-30K during a festive month. Sales generated in the heartlands are generally higher than the city areas due to rental costs.
B. Microenvironment – External Factors
Competitive
Introduction:
Listed on the SGX Catalist in January 2008, Old Chang Kee is one of Singapore’s most recognized household brands, with a promise to provide convenient alternatives to fast food for its consumers.
Ranked 15th amongst snack joints chain around the globe in May’s issue of Leisure and Travel Magazine in the States, Old Chang Kee currently owns more than 70 outlets in Singapore, China, Malaysia, and franchised outlets in Indonesia and the Philippines.
Brand Vision:
To deliver superior quality of hot finger food and ready made meals at a value-for-money price positioning; in a clean, and customer friendly retail environment.
Brand Mission:
Old Chang Kee aims to refine and modernize traditional food recipes for the modern and multi-cultural customers and an alternative to fast food for the city dwellers.
Product Portfolio:
The Group’s product portfolio consists of a wide variety of over 40 other products such as deep fried items and other local delicacies. Endearingly known as “Curry-O”, Old Chang Kee’s signature curry puff has over 52 years of history in Singapore. In order to differentiate products from others in the market, Old Chang Kee has developed distinctive brand names such as “Yam K8”, and “Fishball OnStik”.
B. Situation Analysis
A. Microenvironment – Internal Factors
Company’s resources. Old Chang Kee has approximately 900 employees, working in 70 different retail outlets. There are also 2 central kitchens that are certified Halal by MUIS.
Performance. The popular items in Old Chang Kee includes their signature products such as the Curry Puff and Sardine Puff. On average, 500-800 puffs are sold daily. This amonts to the sales of approximately 18-25K during a non-festive month and 20K-30K during a festive month. Sales generated in the heartlands are generally higher than the city areas due to rental costs.
B. Microenvironment – External Factors
Competitive