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Panera bread case study according to industry analysis
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Summary
Fast food was an industry born out of a changing society. Our society was becoming more mobile and convenient became a something that everyone was seeking. In this time the fast food industry grew as fast as any. It was out of this that Panera Bread Company was born as well, but with an idea to do things a little differently. While convenient, fast food was not becoming known for it’s good food instead “was described as featuring low-grade burgers, greasy fries and sugared colas”(16-4). Ronald Shaich wanted to change this and developed a model that would turn into the fast casual market segment. Shaich pushed his organization to achieve Concept Essence, “Concept Essence included a focus on artisan bread quality products, and a warm, friendly, and comfortable environment”, who “customers could trust to serve high quality food” (16-4).
Started in 1976 as Au Bon Pain by Pavailler “in Boston’s Faneuil Hall as a demonstration bakery” (16-2). In 1978 Kane purchased the
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Already having a small footprint in Ontario is a perfect jumping off point for Panera. As with Panera’s past growth, growth in Canada will be well calculated and planned with a purpose. Panera is already looking at Canadian operations to determine what issues have come up for other companies, so not to repeat the mistakes of others. Panera’s unique fresh bread supply chain is going to be the biggest challenge to expanding into any new market. Once Panera establishes where in Canada they want to expand first, they must decide if they should build a new fresh supply facility or find a supplier that can deliver the supply at the desired quality to the area. After this has been established they can then start working with area developers to find the most profitable spot new locations. Panera has done a great job in the past of expanding with a purpose, and there is no reason that expanding into Canada should be any
The term “fast-food” is usually distinguished by food served very quickly to a customer by drive-through or carry-out. Fast-food restaurants are highly associated with low-cost and malnutrition foods with brief consumer and employee interaction, and below average cleanliness based on restaurant health inspection reports. Chick-fil-A has changed the usual perception of fast-food restaurants. Rather than burgers and potato fries, Chick-fil-A serves chicken sandwiches and waffle fries. Chick-fil-A also shows their appreciation for employee to customer relations, rather than ignoring the social aspect of serving customers when operating at a fast pace. Chick-fil-A’s menu selection, customer interaction, and clean eating
TQM is a company’s complete “culture of quality” approach which focuses on long-term success. It strives for continuous improvement, in all aspects of an organization, as a process and not as a short-term goal. TQM’s involves everyone in the organization to transform the organization into a forward-thinking entity by influencing attitudes, practices, structures, and systems of the entire organization (Business Dictionary, 2014). TQM was crafted by William Edwards Deming, a statistician who specialized in statistical process control after World War II. Deming outlined 14 points of TQM where all people of an organization can constantly search for ways to improve the process, product, and service. Deming developed the
...wn and will most definitely begin to grow as a company and also a trademark of Canada.
Did you know Panera Bread is one of the fastest growing franchises in America (Panera Bread Franchise)? The restaurant must have great qualities for people of all kinds to love it as much as they do. Visiting Panera Bread I had an awesome experience mainly because of its physical environment. Panera Bread has a great environment which is ideal for encouraging consistent business.
Despite the economically uncertainty Pret A Manger keeps on thriving in the U.S. fast food market. It’s growing fast, with huge success. Pret is proving to the world its a big threat in the sandwich industry. In 2011, U.S. sales up 40% from the year before, “the company’s overall profits grew by 37% in 2010, and annual workforce turnover is only 60%, compared to fast food industry averages of 300-400%.” (Smart Advantage)
Fast food nation is divided into two sections: "The American Way", which brings forth the beginnings of the Fast Food Nation within the context of after World War Two America; and "Meat and Potatoes", which examines the specific mechanizations of the fast-food industry, including the chemical flavoring of the food, the production of cattle and chickens, the working conditions of the beef industry, the dangers of eating this kind of meat, and the international prospect of fast food as an American cultural export to the rest of the world. Chapter 1 opens with a discussion of Carl N. Karcher, one of fast food’s pioneers. Carl was born in 1917 in Ohio. He quit school after eighth grade and spent long hours farming with his father. When he was twenty years old, his uncle offered him a job at his Feed and Seed store in Anaheim, CA.
The vision of Panera was to make Panera Bread a nationally recognized brand name as well as becoming the dominant restaurant operator in upscale, quick-service dining. The top management believed for their vision to become a reality they must depend on being better than the guys across the street. In addition Panera wanted to offer a unique dining experience at Panera so attractive that customers are passing by other fast casual restaurants to dine at their nearest Panera Bread Company. Management further implemented this strategy by following a blueprint for attracting and retaining customers. This blueprint called, Concept Essence underpinned Panera’s strategy and embraced several themes that, taken togethe...
Panera seems poised to continue to dominate the bakery-café market and continued sustainable growth is very likely. Works Cited The “Annual Report” (2010). Retrieved from http://www.panerabread.com/pdf/10k-2010.pdf “Company Overview.” (2011). Retrieved from http://www.panerabread.com/about/company/ “News Release.”
In the book Fast Food Nation: The Darks Side of the All-American Meal, Eric Schlosser claims that fast food impacts more than our eating habits, it impacts “…our economy, our culture, and our values”(3) . At the heart of Schlosser’s argument is that the entrepreneurial spirit —defined by hard work, innovation, and taking extraordinary risks— has nothing to do with the rise of the fast food empire and all its subsidiaries. In reality, the success of a fast food restaurant is contingent upon obtaining taxpayer money, avoiding government restraints, and indoctrinating its target audience from as young as possible. The resulting affordable, good-tasting, nostalgic, and addictive foods make it difficult to be reasonable about food choices, specifically in a fast food industry chiefly built by greedy executives.
From a study completed by Chicago-based Research International USA completed a study called “Fast Food Nation 2008. The panel consisted of 1,000 respondents of ages 16-65 who provided their inputs with an online survey which was conducted between March 13 through 2008. Which was based on results on fast food restaurants like McDonald’s, Burger King, and Wendy’s are gaining popularity even through the economic hardship and recession. Marketing strategy has become more of influence on kids and young American’s. As population grows and the demand increases of fast food restaurants are expanding their stores to capturing more consumers. Fast food chains are also willing to change their menus to continue to gain and retain repeating customers. With each generation that passes, brings fast food chains into more homes and continues impacting lives.
The New York Times bestseller Fast Food Nation: The Dark Side of the All-American Meal is one of the most riveting books to come out about fast food restaurants to date (Schlosser, 2004). Fast food consumption has become a way of life for many in the United States as well as many other countries in the world. The author Eric Schlosser an investigative reporter whose impeccable researching and bold interviewing captures the true essence of the immense impact that fast food restaurants are having in America (2004). Beginning with McDonald’s, the first fast food restaurant, which opened on April 15, 1955 in Des Plaines, Illinois to current trends of making fast food a global realization McDonald’s has paved the way for many fast food restaurants following the same basic ideal that is tasty foods served fast at a minimal cost (2011). Schlosser explains how fast food restaurants have gained substantial market share of the consumers; he also shows that by marketing to children and offering less unhealthful fare, that are purchased from mega-companies which are often camouflaged with added ingredients and cooked unhealthful ways, that these companies are indeed causing irreparable harm to our country (2004).
Processed food is damaging for the heart and overall, the human body. It leads to long-term diseases in life that could potentially lead to death. McDonald’s major food menu is based on processed foods; however, Panera Bread has a food menu that consists of natural ingredients. The natural ingredients generate healthy components that lead to a healthy eating style. Moreover, Panera Bread is better than McDonald’s because the food is healthier, the environment is cleaner, and the service is friendlier.
For some reason there is the undeniable need for Atlantic Canadians to return to their roots. It happened when my grandfather returned from Ontario to retire in Newfoundland after completing a career as a captain on the Great Lakes and it happened for my mother and father when they moved to St. John’s N.L. after living in Toronto for many years. It also happened to the McCain brothers when they returned to Florenceville N.B. to start a frozen food empire that is now the largest producer of frozen french fries in the world. The Sobeys who still maintain their head office in Stellarton Nova Scotia and the Irvings who maintain head offices in both St. John N.B. and Moncton N.B. and the Ganongs from St. Stephen could easily relocate their head offices to Toronto but choose not to. There is definitely something other than geography that keeps these prominent Atlantic Canadian...
The main challenge is to determine how Panera Bread can continue to achieve high growth rates in the future. Panera Bread is operating in an extremely high competitive restaurant market which forces the company to improve and to grow steadily for staying profitable. The company’s mission statement of putting “a loaf of bread in every arm” is just underlying Panera’s commitment for growing. They are now in a good financial situation and facing growth rates of up to 20% per year in a niche market that has a great growth potential. In the next 7 years the fast-casual market is expected to grow by 500% in sales to a total of $30 billion.
As Americans, we’re always on the go. When hungry and have no time there are many fast and healthy items available. Many people who say that fast food chains is the main cause of obesity in America because there are plenty of fast food restaurants on every block with very few healthy options ("Do Fast Food Restaurants Contribute to Obesity?"). Fast food business are very easy to find and offer quick service, but there are other options that are healthy, especially in urban areas. Restaurants such as Panera offer a range of items that are healthy and offer a quick service for those on a schedule. In addition to these healthier options, it is also possible to pack their own snack or meal. People often become lazy when it comes to just cooking their meals at home. This choice allows the customer, to control what they eat.