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KFC Company.

KFC has been a core player in the global food market for decades, serving over 20 million customers daily. As the third largest fast food chain in the US, KFC has established itself in American culture. To ensure continued success, KFC manages its structure through competitive advantages, strategic planning, core competencies, and outsourcing. Key aspects of KFC's identity that strengthen its brand equity include its distinctive recipe and consistent product worldwide. Strategic planning focuses on expanding markets and improving financial returns. Outsourcing IT services and leveraging supply chain expertise allow KFC to best cater to local customer needs globally.

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0% found this document useful (0 votes)
1K views5 pages

KFC Company.

KFC has been a core player in the global food market for decades, serving over 20 million customers daily. As the third largest fast food chain in the US, KFC has established itself in American culture. To ensure continued success, KFC manages its structure through competitive advantages, strategic planning, core competencies, and outsourcing. Key aspects of KFC's identity that strengthen its brand equity include its distinctive recipe and consistent product worldwide. Strategic planning focuses on expanding markets and improving financial returns. Outsourcing IT services and leveraging supply chain expertise allow KFC to best cater to local customer needs globally.

Uploaded by

NGUGIRE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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KFC Company

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KFC Company

For several decades, Kentucky Fried Chicken (KFC), a food chain restaurant, has been a

core player in the food market both in the U.S and worldwide. More than 20 million customers

are served at KFC restaurants every day, making it one of the world's most popular food chain

restaurants (Rajawat et al., 2020). As America's third-biggest quick-service restaurant, its

behemoth has ingratiated itself into American culture and earned over loyalty following in the

United States and across the world. To ensure KFC's smooth-running, it has to manage and

control its structure by utilizing its competitive advantage, strategic planning, core competencies,

and outsourcing. Below is a strategy for achieving the core mentioned above principles used by

KFC.

In achieving sustainable competitive advantage, KFC has to ensure adherence to

differentiation in goods and services and recognition of the specialization market (Teece, 2017).

KFC leads the business for its contributions to managerial professionalism and innovation with

cutting-edge food preparation processes that are effective and efficient. Due to the vast growth

and development across worldwide markets, KFC has achieved long-term success by employing

cost leadership and differentiation tactics and corporate social responsibility (Tien, 2019). The

basis of a business is what distinguishes it and provides it with a competitive edge in the

marketplace. The fundamental elements of KFC's brand identification are inscribed in its brand

identity, guaranteeing a successful franchise in both the domestic and international markets

(Atinkut et al., 2018). Four key aspects make up a company's or brand's identity. They are

properties, products, presentations, and publications, all contributing to KFC's equity

strengthening and growth.


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Looking at the KFC Strategic planning, we discover that KFC will increase its market

share worth value. KFC's long-term goals are to expand throughout the UAE, create and

construct higher quality for consumers, adhere to marketing mix techniques, and provide better

financial returns for the business and its staff (Shikemeni, 2020). Menu planning is accomplished

through research. Supply chain management planning aims to boost the amount of outsourcing,

increasing globalization, increase the supply, enhance competitive pressure, and expand

its customer base, all of which fall under KFC's strategic planning.

KFC achieves its core competencies through its capacity to leverage, exploit, and deliver

a unique recipe-based chicken with a distinctive taste. This formula is shared with franchises

worldwide, leading to a consistent product that can be sold in several marketplaces worldwide.

The KFC Corporation also has a lot of expertise managing and growing franchisees and stores in

other nations. The business also has bargaining power with its suppliers, allowing it to get

materials at lower costs and boost profit margins on the products it sells. The company may be

able to obtain economies of scale through its local, continental, and global activities. Due to its

large market, KFC performs its outsourcing by using its information systems and Information

Technology (IT) outsourcing services. IT is used as the center of business initiatives such as

reengineering, knowledge management, and the creation of electronics channels for distribution,

ensuring regular sales and delivery to their customers (Loon & Chik, 2019).

In conclusion, KFC has been able to reap more due to its capacity to organize and use its

expertise to outsource with the vast knowledge of the local markets to best cater to their needs.

KFC achieving to use sustainable competitive advantage and strategic planning, core

competency, and outsourcing have contributed much to the company's growth worldwide as it is

a gauge for business success.


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References

Atinkut, H. B., Tingwu, Y., Gebisa, B., Qin, S., Assefa, K., Yazie, B., ... & Mirie, T. (2018).

Factors influencing consumers choice of street-foods and fast-foods in China. African

Journal of Marketing Management, 10(4), 28-39.

Loon, M., & Chik, R. (2019). Efficiency-centered, innovation-enabling business models of high

tech SMEs: Evidence from Hong Kong. Asia Pacific Journal of Management, 36(1), 87-

111.

Rajawat, A., Kee, D. M. H., Malik, M. Z. B. A., Yassin, M. A. Q. B. M., Shaffie, M. S. I. B. A.,

Fuaat, M. H. B., ... & Santoso, M. E. J. (2020). Factors: responsible for McDonald's

performance. Journal of the Community Development in Asia (JCDA), 3(2), 11-17.

Shikemeni, N. E. (2020). International tourists' perceptions and experiences of local food in

Cape Town (Doctoral dissertation, Cape Peninsula University of Technology).

Teece, D. J. (2017). Dynamic capabilities and the multinational enterprise. In globalization (pp.

105-129). Springer, Berlin, Heidelberg.

Tien, N. H. (2019). Customization and Standardization of the Business Strategy of Foreign

Enterprises in Vietnam–the McDonald's Case and the Fast Food Sector. ". International

Journal of Research in Marketing Management and Sales, 1(2), 44-50.

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