Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

"Wendy's: History and Life after Dave Thomas."

Write a 3 to 5 Page paper (1000 to 1500 words) in APA format. Below is a recommended outline.

1. Cover Page (See APA Sample paper)

2. Introduction

a. A thesis statement

b. Purpose of paper

c. Overview of paper

3. Body a. Discuss the role of qualitative research in helping Wendy's expand further in the United States.

b. Define the sections of a questionnaire you would develop for assessing consumer preferences for fast- food restaurants.

c. Describe how fieldworkers should be selected and trained to conduct the fieldwork for your questionnaire.

4. Conclusion - Summary of main point's a. Lessons Learned and Recommendations

5. References - List the references you cited in the text of your paper according to APA format.

"Wendy's: History and Life After Dave Thomas "

Wendy's/Arby's Group, Inc. (www.wendysarbys.com) is the number three hamburger chain by sales, which trail only those of McDonald's and Burger King. The Group is comprised of the Wendy's and Arby's brands, two companies distinguished by traditions of quality food and service. The company, with approximately $12 billion in system-wide sales in 2008, owns or franchises more than 10,000 restaurants.

Wendy's/Arby's Group, Inc., restaurants offer burgers and fries as well as alternative items such as baked potatoes, chili, and salads. Each Wendy's restaurant offers a standard menu featuring hamburgers and chicken breast sandwiches, prepared to order with the customer's choice of condiments, as well as chicken nuggets, chili, baked potatoes, French fries, salads, desserts, soft drinks, and children's meals. Arby's serves traditional fast food with items such as slow- roasted and freshly sliced roast beef sandwiches, Curly Fries, Jamocha shakes, Market Fresh sandwiches, and wraps and salads made with wholesome ingredients and served with the convenience of a drive-through.

Dave Thomas, the founder of Wendy's, began his fast- food career in 1956 when he and Phil Clauss opened a barbecue restaurant in Knoxville, Tennessee. He put his restaurant experience to use in 1969 by opening his first Wendy's restaurant, naming it after his daughter. Thomas limited the menu to cooked-to-order hamburgers, chili, and shakes, charging prices slightly higher than rivals Burger King and McDonald's. The restaurants were decorated with carpeting, wood paneling, and Tiffany-style lamps to reinforce the relatively upscale theme. In the early 1970s, the company began franchising to accelerate expansion. It also founded its Management Institute to train owners and managers in Wendy's operational techniques. The first non-U.S. Wendy's opened in Canada in 1975. Wendy's went public in 1976, and by the end of that year, it boasted a collection of 500 restaurants. Its first national commercial aired in 1977. Two years later, the chain added a salad bar to its menu.

Dave Thomas retired as chairman in 1982 and took the title of senior chairman. Wendy's launched an $8 million TV ad campaign featuring Clara Peller asking, "Where's the beef?" in 1984, and its market share jumped to 12 percent. When McDonald's and Burger King responded with their own campaigns, neither the introduction of a breakfast menu (1985), new products such as the Big Classic burger (1986), nor the Super Bar buffet (1987) could help reverse the erosion of the company's market share (down to 9 percent by 1987). With his honest demeanor and humble delivery, Thomas found an audience as Wendy's TV spokesperson in 1989. The company even attributed the rebound in earnings at the time to his appearances.

Wendy's reacted to growing concern about nutrition by introducing a grilled chicken sandwich in 1990. It also appealed to budget-conscious consumers with its 99-cent Super Value Menu. Wendy's had 4,000 restaurants by 1992, the same year it added packaged salads to its menu. The next year, high school dropout Thomas earned his diploma; his class voted him most likely to Succeed.

The death of Dave Thomas early in 2002 was a crushing blow to the company and a loss for the fast-food industry. Wendy's continued to perform well over the next three years, even after losing its founder, Dave Thomas. In November 2004, Wendy's decided to end its unsuccessful ad campaign featuring an Everyman-type character, an "unofficial spokesman" called Mr. Wendy, because the campaign drew attention away from the food. This marks an ongoing dilemma for Wendy's: how to brand the company in the post-Thomas era. The company initiated a series of ads featuring still images of Dave Thomas in late November 2005 to commemorate the chain's 35th anniversary, but the long-term question of its identity remains. During 2005, it started a campaign built around the call to action "Do What Tastes Right" that underscores Wendy's 35-year heritage of serving great tasting, high- quality food. It featured a variety of different style ads, matched to targeted audiences. Included were advertising that promoted specific menu items as well as executions that supported the Wendy's brand as a whole. In mid-2006, Wendy's International, Inc., created a new area of marketing to lead innovation efforts for the Wendy's brand. The expanded role of Wendy's marketing department included the establishment of an Innovation and Strategy group comprised of Research and Development,Strategic Insights, & Innovation, and Operations Innovation.

Wendy rolled out its strategic growth plan in October 2007, and identified 10 imperatives for 2008. The imperatives are focused on "Doing What's Right for Customers." The 10 imperatives build on Wendy's "Recipe for Success," which is focused on revitalizing the Wendy's brand, stream- lining and improving operations, reclaiming innovation leadership, strengthening franchisee commitment, capturing new opportunities (e.g., international growth), and embracing a performance driven culture.

In August 2008, Wendy's reached out to cash-strapped consumers with a trio of high-quality, signature sandwiches priced at 99 cents. It introduced a 99-cent Double Stack cheeseburger and plans to aggressively promote this menu option, along with the company's popular 99-cent Junior Bacon Cheeseburger and 99-cent Crispy Chicken Sandwich. On September 29, 2008, Triarc Companies, Inc., the franchisor of the Arby's restaurant system, completed its previously announced merger with Wendy's International, Inc. The combined company was renamed Wendy's/Arby's Group, Inc.

Wendy's is leading the way with some innovations such as fruit bowls and combo-meal flexibility. Wendy's is currently testing some new products, including a deli-style sandwich line using fresh-baked bread called frescata, and yogurt, granola, and mix-ins for its Frosty. Wendy's uses no preservatives in its bowls of pineapple, honeydew, cantaloupe, and grapes, which come with a low-fat, strawberry-flavored yogurt for dipping. Wendy's is also pinning hopes on a new double-sided grill to boost burger quality and speed of service, and said it may be ready to test breakfast in the next year or so. But Wendy's has a few hurdles to overcome. Rivals have caught up to the menu innovations of Wendy's. McDonald's has crested a youth wave with "I'm lovin' it" and music promotions. And, while Wendy's in the past came within a half share point of over- taking number two Burger King, Burger King now looks to have widened that gap, thanks to edgy marketing that's given it a cult following among the fast-food faithful. Wendy's advertising emphasized more clearly their points of differentiation from their competition, including higher quality, great taste, and fresh-never frozen-ground beef.

In order to survive the merciless fast-food industry, Wendy's conducted a survey. Wendy's wanted to study customer demographics and awareness of different competing fast-food chains; the satisfaction responses of consumers in terms of family orientation, comfort, price, quick service, healthy foods, cleanliness, and so on; and the patronage preferences of costumers in terms of eat-in or drive-through. The questionnaire used follows and the data obtained can be downloaded from the Web site for this book. Based on the data collected and analysis of this study, Wendy's intends to improve its service and brand orientation.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M92239122
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Marketing Management

Marketing design and innovation assignment -you are

Marketing Design and Innovation Assignment - You are required to select a contemporary consumer, industrial or commercial product or service that for one reason or another inspires you to critique within the context of t ...

Question choose only one of the following learning outcomes

Question: Choose ONLY ONE of the following learning outcomes below. Describe how you were able to demonstrate the outcome within the course. Provide specific examples referencing submitted work, class activities, and Moo ...

Question first assignment- 2-3 page paper along with a

Question: First assignment- 2-3 page paper along with a cover page and reference sheet. marketing attempts to satisfy both consumer wants and needs. describe a product you need and explain in detail how marketing helped( ...

Question answer the following1which stages of the consumer

Question: Answer the following: 1. Which stages of the consumer decision-making process are affected most by comparison shopping on mobile platforms? Explain. 2. Technology has drastically altered the consumer buying beh ...

Question consumer behavior compare and contrast your own

Question: Consumer Behavior Compare and contrast your own buyer decision behavior for two products - one that is high involvement, the other that is low involvement. Discuss which of the steps in the 5-step buyer decisio ...

Question carefully explain what is happening in the

Question: Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity: (i) A U.S. car manufacturer has produced a lot of SUVs, but now is having difficul ...

Quesiton article retailers dash to fill void left by toys r

Quesiton: Article: Retailers Dash to Fill Void Left by Toys 'R' Us Collapse (By Paul Ziobro) TOPICS: Consumer Behavior, E-Commerce, Retailing, Supply Chain Management SUMMARY: After the collapse of Toys "R" Us, billions ...

Quesiton watch the videob pinkberry and answer the

Quesiton: Watch the video,B Pinkberry, and answer the following questions: • How would you update the personality of the brand to reinvigorate Pinkberry? Provide a rationale for your answer. • Determine the most viable t ...

Marketing management assignment -this assignment deals with

Marketing Management Assignment - This assignment deals with the defining marketing, concepts involved with the basic concepts and principles of marketing and to develop their conceptual and analytical skills to enable t ...

Question write a 2-3 page double spaced narrative response

Question: Write a 2-3 page (double spaced) narrative response. Be sure to address every point within the prompt. Submit as DOC, DOCX, PDF, or RTF file attachments. Prompts: Recommended after Lecture 8 Find one commercial ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As