...HNC Business Management Introduction to Finance & Accounts Five Year Analysis of JD Weatherspoon Plc. Module Tutor: Neil Fletcher Report By: Nichola D. Robinson (21042952) Deadline Date Wednesday 9th May 2012 Executive Summary • Revenue has grown at a steady rate of 1.7% with a slight decrease in 2008 with the introduction of the Smoking Ban being implemented which prohibits smoking in public places. • A significant increase in revenue in 2011 was attributed to increases in like for like bar sales (1.7%) and food sales (4.2%). • Profit after tax fell by 4% in 2008 again this was due to the implementation of the Smoking Ban. • Between 2007 – 2011 JD Weatherspoon have opened a total of 177 new venues taking the overall total to 823. • Finance costs have increased from £379.5m to £429.8m due to the opening of 50 new venues. • JD Weatherspoon has a strong position within the industry creating a total of 2,800 jobs with additional jobs being created by Suppliers. • The implementation of the ‘Scores on the Doors’ Scheme has given an image boost awarding zero to five stars to the venues with the highest standards in Safety & Hygiene with an average of 86% of venues achieving between four to five stars. • JD Weatherspoon is the main face of the CLIC Sargent charity raising over £4.6m for families caring for Children with Cancer. • JD Weatherspoon’s only threat is...
Words: 1977 - Pages: 8
...ArrayList Johnnie L. Bagley III PRG/420 October 09, 2013 Dr. Orenthio K. Goodwin ArrayList The differences between the Array and an ArrayList is a common question asked by beginners, just starting to code using Java. The Array and ArrayList are both used to store elements, which can be a primitive or an object in the case of ArrayList in Java. A main difference between the ArrayList and an Array in Java would be the static nature of the Array, but the ArrayList has a dynamic nature. Once an Array is created, programmers cannot change the size of it, but an ArrayList will be able to re-size itself at any time. There is one more notable difference between ArrayList and an Array (Paul, 2012). The Array is a core part of Java programming that has a special syntax and a semantics support within Java. An ArrayList is a part of the collection framework of popular classes, such as HashMap, Hashtable, and Vector. There are six more differences between Array and ArrayList which will be listed in numeral order: 1. First and Major difference between Array and ArrayList in Java would be that Array is a fixed length data structure, while ArrayList is a variable length collection class. 2. Another difference is that an Array cannot use Generics, due to it cannot store files, unlike the ArrayList that allows users to use Generics to ensure storage. 3. Programmers can compare the Array vs. ArrayList on how to calculate length of Array or size of an ArrayList. 4....
Words: 395 - Pages: 2
...Cambridge Five Creation and Operations Introduction “Cambridge Five” or “Magnificent Five” is the name given to a group of five young men whom all graduated from Cambridge University. They betrayed their country by spying for the Soviet Union and passing them secret information. They were probably the most successful Soviet spies to penetrate the western intelligence. Their actions allow the Soviet Union to get access to vital intelligence and created rift between the British and the Americans. This essay will look at the background of each member and how they joined the Soviet intelligence services, their operations and its impact in the world of espionage. In addition, this essay will evaluate the significance of each individual’s actions and how it affected intelligence services. Origin of Cambridge Five Cambridge Five refers to a spy ring which the members were all part of Cambridge University. It is unclear there were more than five men, regardless the five individuals are Guy Burgess, Donald Maclean, Kim Philby, Anthony Blunt and John Cairncross. They all attended Cambridge University between 1926 and 1934 studying in different disciplines with a strong belief in Communism. They were all good friends with each other with the exception of Cairncross who was never really part of the circle. The first of the Cambridge Five group and probably the most famous was Harold Adrian Russell Philby, also known as Kim codenamed Sohnchen, then Tom and Stanley. He was born...
Words: 3496 - Pages: 14
...Five Guys “The Standard of Excellence” Jalisa Williams Garcia Mills-Tate Strayer University October 28, 2012 Five Guys “The Standard of Excellence” Five Guys Burgers and Fries was started by Janie and Jerry Murrell and there 5 sons. Opening their first store in 1986 in their home town of Arlington, VA, the Murrells were set to take a competitive market by storm (Boone & Kurtz, pg.78). One would think that opening a burger joint with the likes of mega chains (e.g. McDonalds, Burger King), was out right crazy but determined to tap into this common market these classical entrepreneurs using $70,000 (Burke, pg. 95) as a start-up began their venture. Philosophy Jerry Murrell believed in two simple philosophies “Sell a really good, juicy burger on a fresh bun. Make perfect fries. Don’t cut corners” and “Treat that person right, he’ll walk out the door and sell for you”. These mindsets are what have propelled the company into what it is today. Without the customer or their employees Five Guys may not have been able to survive the recent downturn of the economy. Values Five Guys main focus is to provide customers with great service and great food. They believed that by making a quality burger and fries they would make the customer love them so much they would not have to pay for advertising because the customer will advertise for them. Word of mouth advertising is the oldest form of advertising and with the quality of their food this form of advertising has brought...
Words: 953 - Pages: 4
...FIVE GUYS BURGERS AND FRIES: INGREDIENTS FOR SUCCESS Five Guys Burgers and Fries: Ingredients for Success Dr. Hammad Elbedour BUSINESS 508: CONTEMPORARY BUSINESS 27 October 2013 FIVE GUYS BURGERS AND FRIES: INGREDIENTS FOR SUCCESS Five Guys Burgers and Fries: Ingredients for Success Five Guys considered by many as the best burger on the market originated in Lorton, Virginia in 1986. Five Guys entrepreneurs were Jerry Murrell with his wife and sons, Forbes Magazine identified in 2012 as the fastest-growing restaurant chains in America, five new stores opening weekly (Boone). The philosophy of Five Guys has set this fast food chain apart from the other fast-food chains. One of the company’s primary competitive differences is keeping it simple and perfecting their limited menu. Five Guys was built with the intent of keeping the Murrell family together as a unit and those strong family values remain today. Each of the seven Murrells own equal company shares of Five Guys, totaling 75% of the company. The family continues to hold business meeting at 1:00 PM on Tuesdays at their Virginia headquarters and decisions are made by a unanimous vote. The Murrell family has remained constant on the simple concept they started their business; creating a better burger and while making a little money doing it. Three factors that have contributed to Five Guys success is their branding, business ethics and franchising. Five Guys quality centered brand...
Words: 956 - Pages: 4
...Leadership Determine How Five Guys’ Philosophy Sets it Apart From Other Fast-food Chains Five Guys follows the philosophy of focusing on a few items, and serving them fresh to order. Five Guys is not your typical fast food chain for a number of reasons, one being that they limit their menu. Five Guys serves burgers made to order, which are fresh and never frozen (Boone & Krutz, 2012). Customers can customize their burger with a choice of 17 free toppings such as ketchup, mustard, and jalapeno peppers. The buns are toasted on a grill for better taste, rather than in a bun toaster. The potatoes for the fries are grown in northern Idaho, and are cooked in peanut oil (Boone & Krutz, 2012). Although they may not have a drive-thru, Five Guys offers a sit down restaurant in a warm, clean environment. Analyze the Original Values for the Start-up Company and How it Remains Strong Today Values of a company play a very important part in establishing a business in today's competitive market. The first Five Guys Burgers and Fries opened in Arlington, Virginia in 1986 by the Murrell family (Five Guys’, 2011). The family opened a carry out burger joint in Arlington, Va., that served hand formed burgers and fresh cut fries cooked in pure peanut oil. The Murrell family wanted to provide good food and to keep it simple. The founder of Five Guys believe if you "Treat that person right, he’ll walk out the door and sell for you,"(Five Guys 2011). Since then, Five Guys has received a number...
Words: 1053 - Pages: 5
...Entrepreneurial Leadership “Five Guys Burgers and Fries: Ingredients for Success” July 22, 2012 Abstract Five Guys was founded in 1986 by Jerry and Janie Murrell and their sons, all five of whom are part of the business. The first location, which no longer exists, was in the Westmont Shopping Center, and by 2002, the family ran six locations in Northern Virginia. The restaurant gained popularity among locals and visitors alike, and its franchises grew rapidly over the years. In August 2010, they had more than 670 locations across America and Canada. When his sons decided they weren’t going to college, Jerry and Janie took the money they had saved for their college and opened a Five Burgers and Fries. Currently, Five Guys gave expanded to over 1,000 locations in 47 states and 6 Canadian provinces. This paper will focus on three main reasons how Five Guys has become one of the fastest growing burger chains in the country. The three main reasons are quality, value and the salesmen. “Start a business or go to College.” (Five Guys Burger and Fries, 2012) While many of us would believe this is a crazy offer for a father to present his sons who recently graduated college, I think it is safe to say none of us, even Jerry and Janie Murrell, would have thought the business would sky rocket as much as it has. The first Five Guys location was opened in Arlington, VA in 1986 and five additional stores were opened throughout the Washington, DC area by 2001. By 2003, only...
Words: 1131 - Pages: 5
...that the owners of the Five Guys Burgers and Fries have been able to accomplish due to the simple business plan that was put into place prior to opening their restaurant. We will see that the basic human principles about how we should treat others; will also allow a company to become successful. The success that has been possible for this hamburger and fries restaurant could have easily failed against the big name restaurants known for burger and fries, such as, McDonalds, Burger King, Checkers and Sonics. However, the company is has become a great success even through a tough economic recession. In this assignment, topics such as their philosophy sets them apart from other fast food restaurants, the original values of the company, three factors that have contributed to their success and external markets and how ethical and societal practices that they provide for their customers and employees. The Murrell family was a close knit family who supported their two sons who decided not to attend college after their graduation from high school. They had dreams of owning their own family restaurant. Their parents invested the money that they had been saving over the years and allowed them to begin their first business. Although they were not sure if the business would be a success or a failure, they were supportive of their sons ideas and dreams with the hamburger restaurant allowed them the chance to begin the restaurant that many of us know today as, Five Guys Burgers and Fries....
Words: 3563 - Pages: 15
...and his production the ninety-five theses sparked the German Reformation. Luther opposed Indulgences because of his belief of “justification by faith alone”. After a few years of insight into this topic, Luther concluded that “the righteousness that God demands did not result from charitable acts and religious ceremonies but was given full measure to any and all who believe in and trust Jesus Christ as their perfect righteousness satisfying to God.” (KOT 320) He argued that it was unbiblical to think of work as contributions to salvation, something only a deity such as God himself could bestow upon a person. Luther taught good works were expected, even if they did not contribute to eternal salvation. Those who believed in Christ possessed God’s perfect righteousness and would therefore perform good deeds throughout their lives. Luther’s teachings showed that one needed only to believe in Christ instead of paying Indulgences in order to reach eternal salvation. (KOT 330-322) Luther’s belief against Indulgences sparked the Reformation through the writing of the ninety-five theses. The ninety-five theses were an attack on the practice of Indulgences. Theses twenty-one states, “Hence those who preach indulgences are in error when they say that a man is absolved and saved from every penalty by the pope’s indulgences.” (Document D). This meant that souls did not reach salvation through the payment of Indulgences. After Luther posted his ninety-five theses on the door of Castle Church...
Words: 418 - Pages: 2
...Introduction What do you get when two parents motivate five sons to make a decision between going to college or to start a business? You’ve guessed right, Five Guys Burgers and Fries. Their ingredients for success were founded in 1986 by parents Jerry and Janie Murrell along with their five sons (Boone & Kurtz, 2012). Five Guys went from a small family restaurant to being considered the fastest growing food industry in today’s consumer market. Moreover, their success was only pinpointed on the quality of the burgers served and less on advertising. Throughout this research report, I’ll explain the philosophy, values, successful factor contributions, and ethical and social practices of the Five Guys business culture. 1. Determine how Five Guys’ philosophy sets it apart from other fast-food chains. Ever since the establishment of Five Guys Burgers and Fries, they’ve desired their business plan to be simple. As stated by Jerry Murrell, “Sell a really good, juicy burger on a fresh bun. Make perfect French fries. Don’t cut corners (Boone & Kurtz, 2012).” This kind of philosophy has voted them to be number one as customers favorite go to restaurant (Hsu, 2012). To stand out from other fast food chains, Five Guys wanted to focus on the quality of food and less advertising as possible. In addition, their food is always served fresh with burgers that are eighty percent lean patties that aren’t frozen with a side of Idaho potatoes that fried in peanut oil (Boone & Kurtz, 2012). Furthermore...
Words: 1122 - Pages: 5
...Assignment 1: Five Guys Burgers and Fries Strayer University BUS508, Summer 2013 Abstract A successful entrepreneur must have balance: be courageous, without being reckless, be humble enough to learn from mistakes and acknowledge them, be tenacious and passionate, but be grounded and intuitive enough to foresee a disaster, be creative and flexible, but be organized and conscious of limitation. They must also plan, but be open to unforeseen opportunities, invest in employees, but also hold them accountable (Lambing & Kuelh, 1997). Jerry Murrell, the founder and chief executive officer of Five Guys Burgers and Fries, along with his wife and five sons, have acquired such balance and have become the fastest growing chain in the food industry, according to the research firm, Technomic (Boone & Kurtz, 2012). Just this month, the booming chain opened a new location that seats 300 people in London, and anticipates four more stores in the U.K. by 2014 (Weise, 2011). What is truly amazing is that such a large family can sustain such balance while running a business together. Perhaps it started with a simple, balanced business philosophy and consistent values. Philosophy and Values The matriarch of Five Guys Burgers and Fries, Jerry Murrell, realized that the only way to compete with the huge, established fast food chains like McDonald’s and Burger King was to concentrate all of their efforts and money on a quality product and customer service (Wiley...
Words: 1581 - Pages: 7
...The Economics of Five Guys Determine how Five Guys’ philosophy sets it apart from other fast-food chains. “Do good in school or you will end up flipping burgers your whole life!” How many times have kids heard their parents talk like that? Well that has worked out very well for Jerry Murrell and his sons. Jerry Murrell is the founder and owner of the first Five Guys Burgers and Fries. Their business plan includes making the very best burger around, matching that with perfect fries and not cutting any corners in the process. They started in 1986 and in 2002 when they began selling franchises they only had 5 burgers joints. Today there are over 570 of them and annual sales reach the $483 million mark. The Murrells spend their time overseeing the opening of around four new stores each week. And just think your parents said flipping burgers was a dead end job. When Jerry Murrell began franchising he was just a small burger operation with an almost cultish following in Northern Virginia. Today, the business is, by some, estimated heading in the direction of the $1 billion in value mark. Five Guys only has 87 locations. That is 87 cities or areas where their stores are located. Most of these are in the Washington region, but a hundred more are located along the East Coast this year. There are thousand more being phased into the business plan. Each store, the company says, will make around $1 million per year. Jerry and Janie Murrell and their sons are often asked...
Words: 1580 - Pages: 7
...Five Guys Burgers and Fries: “Ingredients for Success” Dr. B. Iannucci Contemporary Business October 17, 2013 Entrepreneurial Leadership Everyone wants to see their children grow up and go to college and possibly become millionaires. Well that was the dream of the Jerry Murrell, but unfortunately two of the oldest sons said they were not going to college. So instead of paying for college he found himself paying for a mortgage to open a business where the boys can work and learn responsibility. The rest is history. Dave Kurtz’s (2012) wrote, “Five Guys and a Burger grew to 570 franchises in the United States and Canada.” Determine how Five Guys’ philosophy sets it apart from other fast-food chains. The philosophy that set Five Guys apart from other fast-food chains was that Jerry Murrell’s strong focus on the quality of the food and type of food served, and the customer satisfaction. Jerry Murrell once stated “Treat the person right, sell walk out the door and sell for you.” (Weise, 2011) Analyze the original values for the start-up, and how it still remains today. The original value of the company for the start-up was to have value and perfection within the company. This is still the case today. Five Guys insist on making the quality of food served (fresh hamburgers, hotdogs, and only Idaho potatoes for the fries) and customer serve a first priority. All the restaurants feature the same simple, red and white tile décor and no paid advertisement, which is done...
Words: 1015 - Pages: 5
...Entrepreneurial Leadership Five Guys’ Burgers and Fries, a family owned franchise is one of the fastest growing chains in America (Better Burgers Starts to Sizzle in Canada, 2012). Five Guys’ Burger and Fries sets itself apart from other fast food chains by using quality ingredients and keeping a constant core menu. Jerry Murrell, founder and owner says the business plan from the start is still the business plan today. “Sell a really good, juicy burger on a fresh bun. Make perfect French fries. Don't cut corners.” (Welch 2010) There are advantages to a family-owned business that give Five Guys’ Burgers and Fries unique edge. Also, Five Guys’ Burgers and Fries focus on the customer has helped their marketing efforts tremendously. Murrell’s philosophy for the successful franchise is different then most fast food franchises in that the focus is on quality food. Many fast food franchises serve frozen beef patties and dehydrated frozen fries. Five Guy’s Burger and Fries actually soaks their fries in water, then pre-fries them forming a seal so that when they get fried a second time, they don't absorb any oil -- and they're not greasy. (Welch 2010) Five Guys’ Burger and Fries also differs from other food chains by keeping the core menu. Murrell doesn’t want to serve subpar food so they stick with a limited menu and execute it well. Murrell also implements third party quality control. “If they get a good score, they will split another $1,000 among them, usually five or six people per...
Words: 1149 - Pages: 5
...Philosophy: Set apart A fast food burger is a burger, right? Not at 5 guys. Other chains use frozen meat with additional preservatives and have extensive menus with items such as milkshakes, salads, desserts, etc. 5 Guys website states “We follow the philosophy of focusing on a few items, and serving them to the best of our ability. If we were to add to our menu, then you can guarantee that we would only do so if we could serve the highest quality product possible.” (5 Guys Website) They go on to add that if they are not able to do something the very best, better than what is already available out there via other venues, they are not going to do it at all. 5 guys have received several awards for being the best and this philosophy certainly is a big part of how they have maintained such consistent success. If you go into any 5 guys you will clearly see their simple approach from decorating to pounds of potato bags filling the dining area. You know you will get fresh cut fries and that is only one of the many fresh options available. The menu is not extensive as stated already, however it is classic and alluring. You can order a burger “your way” at Burger King, but it’s a whole other ballgame at 5 Guys. Here you can see the fresh selection list of toppings…all free of charge to make your burger the best it can be. This is not stingy burger or fries either. A small fry can easily feed two people as not only is the cup it comes in filled to overflowing, the bag they...
Words: 1291 - Pages: 6