Professional Documents
Culture Documents
Founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States
World's third largest hamburger fast food chain with approximately 6,650 locations
Wendy's menu consists primarily of hamburgers, chicken sandwiches, french fries and beverages
Wendys : um..yummy
MARKET ANALYSIS
In the past 5 years, the Fast Food Restaurant industry has grown more than 3.2 percent average per year McDonalds is the largest fast food restaurant chain in the US and Canada, with the 23 percent of the market share. Wendy's owns a 14% market share of the fast food
STRENGTH
global brand strong management atmosphere
WEAKNESS
breakfast menu problem
THREAT
increasing beef price competition
RESEARCH OBJECTIVES
The perception of Toronto Downtown area public and University students towards Wendys Fast Food Restaurant. Position of Wendys Fast Food Restaurant in the minds of target market.
What percent of market captured by Wendys in Toronto Downtown area?
RESEARCH METHODS
Qualitative research method Mall intercept survey The elements of the Target Population are adult males and females as Elements Non-probability sampling technique
When you want to have a meal in a fast food restaurant, will Wendys come to your mind as the first choice?
Customers Choice
4.5 4 3.5 3 2.5 2
1.5
1 0.5 0 Mc Donalds Wendy's Subway Pizza Hut KFC Burger King Others
What type of the promotion you think is using by Wendys to increase the rate of profit?
Promos
50 45 40 35 30 25 20 15 10 5 0 Lunch Breakfast Happy Meal Desserts
25
20 15 10 5 0 Breakfast Lunch Dinner Desserts Snacks
10
0 Internet Newspaper Billboards Posters Magazines TV
YES NO
What is your opinion about introducing low fat, baked and highly nutritious food at Wendys Restaurant?
Yes
No
0
food atmosphere convenience price gifts wi-fi
10
8 6 4 2 0
Advertising
taste
enviornment
speed
food
Is the unlimited re-fill of drinks, Delivery and Drive through service in Wendys easy and advantages as compared to the other similar fast food restaurants?
Yes No
Thinking about your most recent visit to Wendys, to what level of satisfaction do you rank that visit?
Excellent
Gender?
Male Female
Age?
0-$1000
$1000-2000
$2000-4000 Above $4000
Occupation*
Students Executive Public Sector Worker Self employed House Wife others
OBJECTIVE RESULTS
RESULT 1
Lot of people in downtown area as well as students of various universities and colleges has a good perception toward the Wendys, as most of them like Wendys for their authentic taste and Fresh Hams Burger.
RESULT 2
Wendy's is positioned good in the minds of majority of people
Public Opinion
70
60
50 40 30 20 10 0 BAD POSITION GOOD POSITION
RESULT 3
Mc Donalds owes the majority of market share counting 40% Wendy's stand second
Product Preference
FUTURE RECOMMENDATION
Need to take adequate steps in order to face the future challenges They should introduce new offers and variety of products in order to deal with the competition from its rivals. Wendys also need to concentrate on new types of salad and other healthy products which are focused on women and people who is concerned about health.
They need to launch new mobile applications, in order to keep track of customer feedbacks, to order food, locate stores and quick access to the menu and price.
CONCLUSION
Wendys is unique when compared to other fast food chains. It is well known for its quality products. they dont use frozen beef or mass producing food. Wendys offer more choices when compared to others. They use social media in order to stay connected with the customers.
They are planning to remodel their stores which involve lounge seating with fireplaces so that customers can stay longer. It's the first to offer a 24-hour food service with an oncall 24-hour delivery service.
Its the first fast food chain to sign a Memorandum of Agreement with DOH in support of DOHs Healthy Lifestyle Campaign.