Key Marketing Concepts Of: Nguyên Hà Linh Nguyên Hà Thu Nguyên Khánh Ly Nguyên Huyên Di U T Thùy Anh
Key Marketing Concepts Of: Nguyên Hà Linh Nguyên Hà Thu Nguyên Khánh Ly Nguyên Huyên Di U T Thùy Anh
CONCEPTS OF
KFC
NGUYỄ N HÀ LINH
NGUYỄ N HÀ THU
GROUP 2 - IM NGUYỄ N KHÁNH LY
NGUYỄ N HUYỀ N DIỆU
TẠ THÙY ANH
OUR CONTENTS
1. INTRODUCTION OF THE COMPANY.
2. GIVE EXAMPLES OF CUSTOMERS' NEEDS, WANTS AND DEMANDS THAT
COMPANY'S CUSTOMERS DEMONSTRATE. WHAT ARE THE IMPLICATIONS
OF EACH ON THE COMPANY'S ACTIONS (NEED EMPHASIS)?
3. DISCUSS ITS MARKET, MARKET OFFERINGS, TARGET CUSTOMERS
4. DISCUSS ITS MARKETING MANAGEMENT ORIENTATION AND THE
TYPES OF RELATIONSHIP YOU HAVE WITH IT.
5. DISCUSS THE VALUE THAT THE COMPANY CREATES FOR ITS
CUSTOMERS.
6. DISCUSS THE FIVE PHASES OF INTERNATIONAL MARKETING
INVOLVEMENT IN THE CASE OF THE COMPANY.
7. HOW DOES GLOCALIZATION AFFECT THE COMPANY?
KFC 1
INTRODUCTION
ABOUT KFC
1
Founded by Colonel Harland Sanders in
the 1930s, KFC started as a roadside
restaurant in Kentucky.
Sanders' secret fried chicken recipe
became the brand's foundation,
attracting customers with its unique
flavor.
Recognizing its potential, Sanders began
franchising in the 1950s, fueling KFC's
growth across the US.
3
MISSION:
6
CORE VALUE:
Their people: "Be your best self. Make a difference. Have fun."
7
CORE VALUE:
Their service: They value exceptional service, treating every guest
like a friend to ensure their satisfaction
8
CORE VALUE:
Their restaurants: They use high-quality materials and create a
friendly, lively environment with innovative restaurant formats to
enhance the customer experience.
9
CUSTOMERS' NEEDS,
WANTS AND
DEMANDS.
2
CUSTOMERS’NEED:
Human needs are states of felt deprivation (Philip Koltet & Gary
Armstrong, Principles of Marketing, 17th Global edition)
Customers needs
are physical needs
for Food and Drinks
11
CUSTOMERS’NEED:
Implications:
Product Variety
Beverage Options
12
CUSTOMERS’ WANTS:
Wants are the form human needs take as they are shaped by culture
and individual personality. ( Philip Koltet & Gary Armstrong,
Principles of Marketing, 17th Global edition)
13
CUSTOMERS’ WANT:
Customers desire different food options.
Implication:
KFC needs to offer a
diverse menu to cater
to different tastes and
dietary preferences
14
CUSTOMERS’ WANT:
15
CUSTOMERS’WANT:
Japan: KFC Japan offers unique items like Curry Fried Chicken
and Teriyaki Burgers, combining Western fast food with
Japanese flavors.
16
CUSTOMERS’ DEMANDS:
When backed by buying power, wants become demand.
(Philip Koltet & Gary Armstrong, Principles of Marketing,
17th Global edition)
17
CUSTOMERS’ DEMANDS:
1. Customers expect reasonable prices for their food.
18
CUSTOMERS’ DEMANDS:
2. Environmental friendly food:
19
CUSTOMERS’ DEMANDS:
2. Environmental friendly food:
Sustainable Sourcing
Packaging Reduction
Energy Efficiency
20
CUSTOMERS’ DEMANDS:
2. Environmental friendly food:
21
CUSTOMERS’ DEMANDS:
3. Healthier food:
Grilled Chicken
22
CUSTOMERS’ DEMANDS:
3. Healthier food:
23
CUSTOMERS’ DEMANDS:
3. Healthier food:
24
CUSTOMERS’ DEMANDS:
3. Healthier food:
25
CUSTOMERS’ DEMANDS:
3. Healthier food:
Plant-Based Options
26
MARKETS
MARKET OFERRING
TARGET CUSTOMER
3
______________________________
MARKET
Series 2
30000
25000
20000
15000
10000
5000
0
2010 2011 2012 2013 2014 2015 2016 2017 2019 2020 2021 2022 2023
29.9 THOUSAND RESTAURANTS ACROSS MORE THAN 145 COUNTRIES AND TERRITORIES.
MARKET
______________________________ Asia is the numer
1 region for KFC
____________________
__
__
__
__
__
___________________________
North America
has the 2nd
largest number
of KFC outlets
________________
29
______________________________
MARKET
Number of KFC Stores by Country
China
United States
Japan
Thailand
South Africa
United Kingdom
India
Malaysia
Australia
Indonesia
31
___________OFFERINGS_______________
MARKET
1. Main products:
Original Recipe fried chicken, made with Colonel Harland Sanders' secret
blend of 11 herbs and spices
32
___________OFFERINGS_______________
MARKET
1. Main products:
Original Recipe fried chicken, made with Colonel Harland Sanders' secret
blend of 11 herbs and spices
Customized to suit local tastes.
33
For example, KFC’s menu in China, India and Japan
___________OFFERINGS_______________
MARKET
1. Main products:
Original Recipe fried chicken, made with Colonel Harland Sanders' secret
blend of 11 herbs and spices
Customized to suit local tastes.
Over 300 localized products of KFC all over the world
KFC 34
___________OFFERINGS_______________
MARKET
2. Services:
Home Delivery: Integration with food delivery apps and in-house delivery
services.
KFC 35
___________OFFERINGS_______________
MARKET
2. Service:
Integration with food delivery apps and in-house delivery services.
Drive-Thru: Convenient option for customers on the go, often equipped with
digital menu boards and mobile ordering.
KFC 36
TARGET CUSTOMERS__________
Lifestyle: Age: 6-65
ic De
+ Busy lifestyles ph Gender: Both
m
ra
+ Social Dinners Income Level:
og
og
Psych
raph
Personality: + Middle, High-Income
+ Traditional Fast Food
ic
Lovers
Geog phic
ra
4
MARKETING MANAGEMENT ORIENTATION KFC
Societal Marketing
Production Concept Product Concept Marketing Concept Selling Concept
Concept
39
RELATIONSHIP WITH CUSTOMERS
40
5. VALUE THAT THE
COMPANY CREATES
FOR ITS CUSTOMERS
“VALUE IS A
COMBINATION OF
PRODUCT QUALITY,
SERVICE, AND PRICE FOR
THE TARGET MARKET.”
Kotler & Kevin (2021)
42
5.1 Product quality:
Has strict quality control
measures at every stage of the
production process.
Commitment to hygiene and
cleanliness.
Employees are required to
attend the Food Handlers
Course for training as required
by the Ministry of Health (MOH)
43
5.2 Service
Store design: Clean
handwash sink
and sauce &
drinks refill
Take-away and
order section
located near
the entrance
44
Dining area
5.2 Service
Accessibility:
KFC Vietnam has
recently become the
pioneering restaurant
brand in the industry
to actively engage in
live streaming sales on
the TikTok platform.
45
5.2 Service
Staff: Are well-trained through comprehensive training programs.
KFC 47
5.3 Price
48
5.3 Price
With just a 2.000VND
difference, customers will
feel more satisfied because
they have more options to
choose from.
-> Company's value is high
since customers are still
willing to pay a higher price
to use the products.
KFC 49
5.3 Price
Offers weekly promotions,
discounts on special days,
and collaborates with e-
commerce platforms for
exclusive deals,...
KFC 50
I LOVE YOU, COLONEL
5.4 Additional value SANDERS! A FINGER
LICKIN’ GOOD DATING
SIMULATOR
Customers receive much
value from the company
as listed above. This
ensures that their needs
are well taken care of,
leading to an increased of A SPOTIFY
customer satisfaction PLAYLIST THAT
REFERENCED
(Emotional value).
THE BRAND IN
SONGS
KFC 51
I LOVE YOU, COLONEL
5.4 Additional value SANDERS! A FINGER
LICKIN’ GOOD DATING
Use the brand image to SIMULATOR (2019)
create exciting and unique
marketing campaigns.
These campaigns help KFC
attract the curiosity and
interest of many people,
A SPOTIFY
PLAYLIST THAT
ensuring that the brand
REFERENCED
remains memorable to THE BRAND IN
everyone. SONGS
KFC 52
5.4 Additional value
KFC COLLECTION: A SERIES OF UNIQUE
PRODUCTS WITH A FRIED CHICKEN
SCENT
TURN CHICKEN
BUCKETS INTO
FASHIONABLE
HATS.
53
6. INTERNATIONAL
MARKETING
INVOLVEMENT
KFC 54
6. INTERNATIONAL MARKETING INVOLVEMENT
KFC 55
6. INTERNATIONAL MARKETING INVOLVEMENT
PHASE 1: NO DIRECT FOREIGN MARKETING
The company's focus was entirely on
the domestic U.S. market.
No direct involvement in
international markets.
56
6. INTERNATIONAL MARKETING INVOLVEMENT
PHASE 2: INFREQUENT FOREIGN MARKETING
57
6. INTERNATIONAL MARKETING INVOLVEMENT
PHASE 3: REGULAR FOREIGN MARKETING
Developed a more consistent approach
to international marketing.
59
6. INTERNATIONAL MARKETING INVOLVEMENT
PHASE 5: GLOBAL MARKETING
Globally integrated while still allowing
for local customization.
KFC
7. HOW DOES GLOCALIZATION AFFECT KFC?
DEFINITION OF GLOCALIZATION
KFC 62
KFC’S GLOCALIZATION STRATEGIES:
ADAPTING MARKETING STRATEGIES FOR
DIFFERENT CULTURES
Cultural nuances can significantly impact consumer
behavior
-> KFC tailors its marketing messages, menu offerings,
store designs to suit local preferences.
-> Helped KFC position itself - a brand that understands
and respects the customs and tastes of diverse
communities.
KFC 63
KFC’S GLOCALIZATION STRATEGIES:
ADJUSTING THE MENU TO FIT LOCAL TASTES
AND CULTURES
KFC tailor their promotions to
resonate with specific markets by
incorporating local flavors,
traditions, and celebrities.
64
INDIA
Vegetarian Options: KFC introduced a separate
menu featuring vegetarian options to cater to local
dietary preferences.
KFC INDIA 65
CHINA
Menu Adaptation: Introducing unique menu items that
incorporated elements of Chinese cuisine while maintaining
KFC’s core identity.
KFC CHINA 66
THANK YOU
FOR LISTENING
KFC 67
REFERENCES
1. BoardMix. (n.d.). KFC's mission and vision statement analysis. https://boardmix.com/analysis/kfc-mission-and-vision-
statement-analysis/
2. Interesting Engineering. (2023, September 29). The history of KFC: Their past and the tech building their
future.https://interestingengineering.com/culture/the-history-of-kfc-their-past-and-the-tech-building-their-future
3. Global KFC. (n.d.). Our values. https://global.kfc.com/our-values/
4. WinMap. (n.d.). KFC Bắ c Thầ y thành công nhờ chiế n lược giá combo. https://winmap.edu.vn/kfc-bac-thay-thanh-cong-
nho-chien-luoc-gia-combo/
5. Innovating Canada. (2023, April 19). From sourcing to packaging, KFC is leading the way in
sustainability.https://www.innovatingcanada.ca/industry/from-sourcing-to-packaging-kfc-is-leading-the-way-in-
sustainability/
6. Gerencia de Edificios. (2017, August 30). KFC implemented energy-saving
plan.https://www.gerenciadeedificios.com/en/201708309985/news/enterprises/kfc-implemented-energy-saving-
plan.html
7. AusFood News. (2014, March 10). KFC to ‘encourage customers’ to reduce salt
intake.https://www.ausfoodnews.com.au/2014/03/10/kfc-to-
8. Plant Based News. (n.d.). KFC vegan menu. https://plantbasednews.org/lifestyle/food/kfc-vegan-menu/
9. KFC New Zealand. (n.d.). Nutrition. https://kfc.co.nz/nutrition
10. Course Sidekick. (2023). 549736. https://www.coursesidekick.com/business/549736
REFERENCES
11. Brand Credential. (n.d.). KFC marketing strategy: A comprehensive analysis. Brand Credential. Retrieved November 11,
2023, from https://www.brandcredential.com/post/kfc-marketing-strategy-a-comprehensive-analysis
12. Digital Agency Network. (n.d.). KFC marketing strategy and advertising campaigns. Digital Agency Network. From
https://digitalagencynetwork.com/kfc-marketing-strategy-and-advertising-campaigns/
13. Language Intelligence. (2023, May 19). Global brands that nailed localization in different markets (Part 2: KFC).
https://www.languageintelligence.com/post/global-brands-that-nailed-localization-in-different-markets-part-2-kfc
14. Shyam Future. (n.d.). KFC’s marketing strategy: Actions that led to KFC’s success. Shyam Future. Retrieved July 11, 2022,
from https://shyamfuture.com/kfcs-marketing-strategy-actions-that-led-to-kfcs-success/
15. Unstop. (2023, May 17). What is glocalization? KFC’s glocalization strategy:
https://www.languageintelligence.com/post/global-brands-that-nailed-localization-in-different-markets-part-2-kfc
16. ITI Translates. (2023, March 9). How KFC leverages local flavors worldwide through localization. ITI Translates. Retrieved
September 24, 2019, from: https://ititranslates.com/blog/how-kfc-leverages-local-flavors-worldwide-through-localization/
17.Rahul Ahul (2024) - KFC Marketing Strategy 2024: A Case Study
https://www.simplilearn.com/tutorials/marketing-case-studies-tutorial/kfc-marketing-strategy-case-study
18. DFREIGHT (2023) - An Insight into KFC’s Supply Chain Strategy
https://dfreight.org/blog/an-insight-into-kfc-supply-chain-strategy/
PEER’S EVALUATION
GROUP MEMBERS
Nguyễ n Hà Thu
4 4 4 4
(11215537)
Nguyễ n Khánh Ly
4 4 4 4
(11213597)
Nguyễ n Hà Linh
4 4 4 4
(11213234)
Tạ Thùy Anh
4 4 4 4
(11210746)