Pizza Hut – Research Paper – Miraz Shawon
Search
Essays
Sign up
Sign in
Contact us
Tweet
Index
/Business
Pizza Hut
[pic 2][pic 3][pic 4]AssignmentPrepared for:Sayed Far AbidLecturerCollege of Business AdministrationIUBATPrepared by:Black RoseMd. Golam Miraz Shawon ID: 13102481Md. Mukitul Islam ID: 13102457Aaskenther Hasan Sohag ID. 13102452Sanjida Sahrin Bristy ID. 13102463Priyanka Saha ID. 13102462Ms. Mouri Nusrat ID. 13102092Date of SubmissionFebruary 23, 2014QuestionsSuppose you want to start a new business after completing BBA from IUBAT what business you want to start and why?How you can be a successful business person by doing this business?If you are not successful on this business what will be your decision?AnswerEvery man has a purpose to earn profit by doing business. So he think before start his business that which business is more profitable in small capital and low effort. So he make correct plan before start his business. If proper plan is impossible he can not start his business. So we are going to start a business where low labour and little capital can earn more profit easily. And to provide quality services to customers so we are going to strat a business according to every opinion which is a franchising business “Pizza Hut’’[pic 5]We want to start a franchising business. Because “Owning a franchise allows us to go into business for ourselves, but not by ourselves.”A franchise provides franchisees with a certain level of independence where they can operate their business.A franchise provides an established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily take years to establish.A franchise increases our chances of business success because we are associating with proven products and methods.Franchises may offer consumers the attraction of a certain level of quality and consistency because it is mandated by the franchise agreement.
Franchising requires less capital than other growth methodsFranchising permits your company to grow with capital invested by individual franchise owners. For the majority of FranSource clients, the investment required to franchise their business is recouped through the sale of the first two to three franchises.Rapid ExpansionIn today’s marketplace, the window of opportunity for a new or unique business concept closes very quickly. Franchising permits multiple units to be opened simultaneously, gaining a foothold over would-be competitors. Market DominanceMultiple locations increase the company’s competitive advantage over similar type businesses.Franchising puts a “business owner” in chargeFranchising ensures that qualified “managers” are operating additional locations rather than employees. A new business demands a great deal of time, effort and sacrifice. Franchisees are motivated by their ownership of the business and the capital they have invested.Franchise locations may operate better and more profitably than “company owned” unitsOnce again, this is due to the fact that a highly motivated owner is running the business rather than an employee.  With their capital at risk, franchisees are much more motivated then employees to perform at their highest levels.  Greater Buying PowerFranchisors that purchase products and services for their franchise network can often negotiate volume discounts from vendors and suppliers. Sharing a portion of the saving with franchisees provides higher operating margins and a competitive advantage over other similar businesses. Increased Name RecognitionAs additional locations are opened, name recognition increases. In the United States, customer loyalty towards recognized brands is at an all-time high. Consumers typically feel more secure frequenting a business they recognize by name. For the independent business person, it has become difficult to compete against companies that have significant resources to develop and promote their brand. Franchising permits an individual to benefit from the collective power and growth of the franchise network, which in turn leads to greater name recognition and competitive advantages for each individual franchisee.
Continue for 7 more pages »
Read full document
Download as (for upgraded members)
Citation Generator
MLA 7
CHICAGO
(2016, 04). Pizza Hut. EssaysForStudent.com. Retrieved 04, 2016, from
“Pizza Hut” EssaysForStudent.com. 04 2016. 2016. 04 2016 <
"Pizza Hut." EssaysForStudent.com. EssaysForStudent.com, 04 2016. Web. 04 2016. <
"Pizza Hut." EssaysForStudent.com. 04, 2016. Accessed 04, 2016.
Essay Preview
By: Miraz Shawon
Submitted: April 19, 2016
Essay Length: 1,896 Words / 8 Pages
Paper type: Research Paper Views: 501
Report this essay
Tweet
Related Essays
Pizza
Did you know that 93 % of Americans consume at least one slice of pizza a month? Americans are the biggest consumers of pizza with
701 Words  |  3 Pages
Marketing Strategy Pizza Hut
A SWOT analysis has been done to identify Pizza Hut's strengths, weaknesses, opportunities, and threats so that these factors can be taken into consideration in
4,776 Words  |  20 Pages
Pizza Hut Case Study
Executive Summary Pizza Hut started out as a pizza parlor opened up by two brothers in Topeka, Kansas. Today, the company has restaurants all over
2,570 Words  |  11 Pages
How Real Is the Threat by Domino’s to Pizza Hut? How Well Has Pizza Hut Done So Far in Responding to the Domino’s Threat?
How real is the threat by Domino’s to Pizza Hut? How well has Pizza Hut done so far in responding to the Domino’s threat? Domino’s
824 Words  |  4 Pages
Similar Topics
FAYOLS MANAGEMENT PRINCIPLE APPLID ON PIZZA HUT
FAYOL S MANAGEMENT PRINCIPLE APPLID ON PIZZA HUT
Get Access to 89,000+ Essays and Term Papers
Join 209,000+ Other Students
High Quality Essays and Documents
Sign up
© 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers
Essays
Sign up
Sign in
Contact us
Site Map
Privacy Policy
Terms of Service
Facebook
Twitter