Different organisations are influenced by different factors, but in common they are influenced by political, economic, social, technological, environmental and legal factors the response to these factors is determined by the organisation`s strengths, weakness, and managerial efficiency. Kfc organization is affected with national and global economic factors such as cost of labour, interest and inflation rates, economic growth rates, business cycle stage (eg recession, recovery) and unemployment rates. Economic trends for restaurants small business seasonal factors affecting the restaurant industry legal concerns of starting a restaurant the economy's effects on small businesses. Marketing as well as economic conditions affect a restaurant's chances of success seasonality a restaurant with a dessert menu featuring gelato will notice a large decline in sales during the winter as people trade ice cream for hot chocolate. 4 the internal & external factors affecting quick-service restaurant management the fast food industry generates about $165 billion in revenue annually, based on 2011 market research by ibisworld.
Kfc- finger-lickin' good kentucky fried chicken kentucky fried chicken is one of the well-known fast food restaurants in the world the industry was founded by colonel sanders the corporation is based in louisville, kentucky and now regarded as the most famous chicken restaurant chain. Burger king's long-term performance partly depends on the company's success in strategically addressing the issues identified in this pestel/pestle analysisthe external factors in the remote or macro-environment of the fast-food restaurant industry are significant influences on burger king's global business. This articles will discuss the pestel or pest analysis of kfc to perform analysis of external factors ( political, economic, social, technological, environmental and legal ) that have impact on the organization.
In fact, restaurants wouldn't exist if it weren't for economic and political factors the world's first restaurants popped up in 18th century paris when servants, newly unemployed in the wake of the french revolution, found use for their skills. In this series, we'll look at some of the factors that affect restaurant sales, and why investors should track certain indicators in terms of market capitalization, the four biggest chain. A multitude of factors are currently affecting us operators, from technological evolutions to shifts in dining behaviors but some things never change: inflation, restaurant versus grocery prices, and consumer confidence will always have an impact on restaurant operators.
Economic factors affecting kfc restaurants luân: 100035 [pic] 1 why is kfc famous kentucky fried chicken, better known as kfc, is the largest chicken restaurant kfc is an internationally fast food industry in the world. These environmental factors include the cultural environment, the immediate political environment, the economic environment, as well as the government regulations of the country, upon which operational activities of the company are taking place. The restaurant industry may argue that because menu-labeling laws target certain food-service establishments (ie, chain restaurants) and not others (ie, independent restaurants) they violate the equal protection clause.
Kfc is the second largest fast food chain in the world with over 18000 outlets the headquarter is located at louisville kentucky kfc was the one of first fast food chain to expand internationally. Economic factors that commonly affect businesses include consumer confidence, employment, interest rates and inflation consumer confidence consumer confidence is an economic indicator that measures overall consumer optimism about the state of the economy. Anti-kfc campaigns, such as the one from peta are affecting kfc's brand image in a negative way and result in direct dollar losses, as less people are consuming kfc chicken saturated us market: now kfc cannot rely on just its home market to generate sales.
Economic downturns affect the restaurant industry, but fast food restaurants are less impacted because many people substitute fast food restaurants for more upscale choices in 2010, the economist reported that fast food chains were able to handle the 2008 recession better than pricier competitors. Franchises like mcdonalds, burger king, kfc, pizza hut, subway, dominoes and many more the fast food shops may all vary from one another based on the food they offer and the customer service, but they all have to consider the market they are catering to and how they have to formulate their marketing. Mcdonald's pestel/pestle analysis (political, economic, social, technological, ecological, legal external factors in the remote or macro-environment) is shown in this fast food service restaurant chain business case study. Overall, economic factors are a very important influence on the fast food industry the industry has showed excellent ability to adapt in the face of the changing trends to better adjust to recession and low economic activity, brands included low priced items.
Factors affect the advancement of fast food industry and with a better management to these circumstances managers can raise profit and remain up-to-date with time a positive correlation was built between per capital income of customers and visit of customers to. Socio-cultural factors affecting consumer behaviour 95 95 kentucky fried chicken (kfc) is another leading brand in the global fast food industry.
Factors infiuencing business performance in hotels and restaurants 5 urtasun and gutiérrez (2006) estimated interactions among the four decisions - the geographic location, price, size and services - by using a location model. 10: introduction kentucky fried chicken also knows as kfc, the world most large and well knows fast food restaurant that have more than 10 thousands locations worldwide in more than 80 countries. Kfc is one of the biggest fast food companies in the world with 18,000 outlets in over 115 countries, they naturally sell many products daily as a profit-driven corporation and part of the private sector, there are many parts of this company that create social, economic, and environmental problems in our society.