...Elctronics in Everyday Life at Panera Bread On a rising, sunny Sunday, I walked nervously to a crowded Panera Bread bakery with my mom, and my brother, Ian. When I stepped inside, Panera Bread was filled with laughter among the souls of countless different people, waiting in line to grab their food and chatted their way through the crowds. There were nonstop rows of soft pastries rising up in the streets of crispy and tasty pastries. I could taste and smell my favorite food from the displays across the room. Calming light colors on the walls were bringing the place to life and gives immense welcoming signs to Panera Bread workers and customers. Some people were texting on their phones when they were waiting on their phones. We were getting food at brunch and had not yet eaten breakfast. I was also observing how and when people at Panera Bread were using electronics. And what is the age range of these people were using these special devices? As I ate my brunch with my family, I identified, that an endless amount of people were mostly spending their time off their electronic devices; enjoying being surrounded by people...
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...Panera Bread Company – History In 1978, Louis Kane purchased Au Bon Pain, a fast casual restaurant that focused on artisan breads. Kane merged Au Bon Pain with Ronald Shaich’s company The Cookie Jar in 1981. Au Bon Pain, looking to move away from their urban niche market, acquired the St. Louis Bread Company in 1993, a 19 store company with a more suburban marketplace. In 1999, after performing market research and studying their newly acquired bakery-concept, the company decided to sell Au Bon Pain and form a new concept, Panera Bread. (Panera Bread Company Overview, 2013) Panera Bread Company - Business Description Panera Bread Company (Panera Bread) is a national bakery-cafe concept involved in providing bakery products through a network of bakery-cafes. It is one of the largest food service companies in the US, serving over seven million customers per week system-wide. Its products are freshly baked goods which include a diverse selection of bagels, breads, muffins, scones, rolls, and sweet goods, made-to-order sandwiches, unique soups and side items, hand-tossed salads, and custom roasted coffees and cafe beverages, including hot or cold espresso, cappuccino drinks and smoothies. The company operates under the trademarked names Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Cafe. Panera Bread operates through three business segments, namely, Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company...
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...ECN302 Macroeconomics Research Paper 11/22/11 Panera Bread Panera Bread is a rising company in the restaurant industry. Panera is a retail bakery-café that started in 1981 as Au Bon Pain Co., founded by Ronald Shaich. I have been an employee here for over four years, so I have a personal interest in how the company is doing. Panera was originally named Au Bon Pain Co. and later purchased the Saint Louis Bread Company. St. Louis was a chain of 20 bakery-cafés located in Missouri. The company changed their name to what it currently is. Panera has been having great success, since 1999 their stock has grown thirteen-fold and they have done over $1 billion in shareholder value. But that is not the only thing to expand. As of June 28, 2011 there are 1,493 bakery-cafés located in forty states and in Ontario Canada (Panera Bread). They are able to do this because Panera prides themselves on quick service, an inviting and welcoming atmosphere, and making connections with their customers. One thing they emphasize in training is to learn the customer’s name so everyone can be on a first name basis. One important macroeconomic indicator is real GDP. Real GDP is defined as the value of goods and services measured using a constant set of prices. This means it will measure the output valued at constant prices, or adjusted for level of prices. Real GDP can be calculated by dividing the Nominal GDP and GDP Deflator, which reflects what’s happening to the overall level of prices. When...
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...Panera Bread Company Crafting and Executing Strategy Executive Summary The Panera Bread Company is starting 2007 with unfinished goals and missed targets previously set and a review of their strategy is in order to continue their ongoing success. The company has grown substantially since its inception in the competitive restaurant industry; however, an aggressive target of 2,000 Panera Bread bakery-cafes will require a focused strategic plan. The company has a strong base with loyal customers who appreciate Panera’s unique dining atmosphere with a focus on quality products at a reasonable price. Panera will need to continue its market research and focus on environmental issues, which are an important core value. The opportunity for growth in the competitive market is still available, as noted in the analysis section of the report, but the most risk lies with the competition’s ability to adapt and change along with Panera to gain their own increases in market share. With this in mind, the recommendation is to continue the expansion process through the franchise offerings while maintaining the differentiation qualities Panera already possesses. The strategy must also acknowledge the potential for a market decline due to potential economic downturns and must act accordingly by keeping a close eye on stores which are profitable and stores which may be struggling. It is important to keep the brand image high to ensure a consistent quality and profitability for investor confidence...
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...CASE TEACHING NOTE 8 Panera Bread Company OVERVIEW AS PANERA BREAD COMPANY HEADED INTO 2007, IT WAS CONTINUING TO SWIFTLY EXPAND ITS MARKET PRESENCE. THE COMPANY’S STRATEGIC INTENT WAS TO MAKE GREAT BREAD BROADLY AVAILABLE TO CONSUMERS ACROSS THE UNITED STATES. IT HAD OPENED 155 NEW COMPANY-OWNED AND FRANCHISED BAKERY-CAFES IN 2006, BRINGING ITS TOTAL TO 1,027 UNITS IN 36 STATES. PLANS WERE IN PLACE TO OPEN ANOTHER 170 TO180 CAFÉ LOCATIONS IN 2007 AND TO HAVE NEARLY 2,000 PANERA BREAD BAKERY-CAFÉS OPEN BY THE END OF 2010. MANAGEMENT WAS CONFIDENT THAT PANERA BREAD’S ATTRACTIVE MENU AND THE DINING AMBIANCE OF ITS BAKERY-CAFÉS PROVIDED SIGNIFICANT GROWTH OPPORTUNITY, DESPITE THE FIERCELY COMPETITIVE NATURE OF THE RESTAURANT INDUSTRY. Panera Bread competed with specialty food, casual dining and quick service restaurant retailers including national, regional and locally owned restaurants. Its closest competitors were restaurants in the so-called “fast casual” restaurant category. Fast casual restaurants filled the gap betweeen fast-food and casual, full table service dining. A fast casual restaurant provided quick-service dining (much like fast-food enterprises) but were distinguished by enticing menus, higher food quality, and more inviting dining environments; typical meal costs per guest were in the $7-$12 range. Some fast casual restaurants had limited table service and some were self-service (like fast-food establishments). Between January 1999 and December 2006...
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...Analysis Strategic Group Mapping Competitors Analysis Key Success Factors in the Industry Attractive/Unattractiveness of the Industry Company Situation Analysis Company Strategies Company’s Performance/Financial ratios SWOT Analysis Competitive Strength Assessment Key issues or problems Strategy Alternatives Final Recommendations Implementation Concerns Work Cited Page Background Panera Bread is a company with over 1,300 locations and $94 million in net income per year. They are a leader in the food service industry and continue to incorporate new and innovative ways to keep current customers and attract new customers. They have been in business since 1981, though they have undergone several name and owner changes. Their headquarters are in Richmond Heights, Missouri, and Ken Rosenthal is the founder. They are considered to be a Fast Casual Bakery-Café and their signature item is their fresh baked bread. Throughout this paper we will discuss the strengths and weaknesses of Panera and their competitors to get a better understanding of their market position and where they go from this day forward. Macro-Environmental Analysis Governmental, technology, demographic, societal, and economic factors all play a significant role in the foodservice industry. In the foodservice industry, there are many government regulated laws that affect the production and storage of foods, as well as the cleanliness...
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...| | Panera Bread Company | The observation and analysis of a fast food restaurant | Panera Bread Company | The observation and analysis of a fast food restaurant | Background Information Rationale I chose to observe operations at Panera Bread Company (Panera) based on two factors: 1) I like the food and overall ambiance – I think Panera uses ingredients that are fresher and of higher quality than more traditional fast food restaurants. I also like that customers can sit down to eat using proper silverware and plates rather than using plastic utensils eating off of paper wrappers and plastic forks. Many Panera locations also have a patio, for al fresco dining, a cozy fireplace, for the winter months, and a small section with upholstered chairs and sofas. 2) Panera offers free Wi-Fi – this was an important factor because I wanted to take notes during each visit without bringing attention to myself. Because Panera offers Wi-Fi, it is not unusual to see customers with laptops. Visits I visited three different Panera locations over the course of several weeks and spent approximately 2 hours at each location. Location | Date and time of visit | Order Placed | | | | 5600 Urbana Pike | April 6, 2010 | Cuban Chicken Panini with chips as a side, an unsweetened iced tea and a Toffee Nut Cookie | Frederick, MD 21704 | 2:40 PM | | 136 Nassau Street | April 11, 2010 | Tuna Salad Sandwich (standard condiments replaced with Dijon mustard and...
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...Economics & Institutions TReNDS Martin Pitek MGMT - 7730 March 20, 2009 Starbucks Coffee Table of Contents Introduction 3 Product Analysis 3 Product Overview 3 Market Structure 4 Competition 5 Dunkin Donuts 7 Krispy Kreme 3 McDonalds 8 Panera Bread 8 Elasticity Estimates Pricing Strategy 10 Forecast 12 Determants of Demand 13 Forecast Model 15 Forecast Error! Bookmark not defined. Summary 15 Works Cited Introduction With the economy in trouble, the stock market tanking it is important to start your day with a good cup of coffee to take on these challenges. Can Starbuck’s sustain it business model and place in the market? The paper examines Starbucks business and it respective practices. In 1971, the original Starbucks opened in Pike Place Market in Seattle, Washington by three partners named Jerry Baldwin, Zev Siegal, and Gordon Bowker. Their focus was to sell coffee beans and equipment. They purchased green coffee beans from Peet’s, a specialty coffee roaster and retailer, during their first year of operation. Later, they began buying coffee beans directly from the growers. In 1983, an entrepreneur by the name of Howard Schultz joined the company; Schultz felt that the company should sell coffee and espresso drinks as well as coffee beans. The partners felt that selling coffee and espresso...
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...Economics & Institutions TReNDS Martin Pitek MGMT - 7730 March 20, 2009 Starbucks Coffee Table of Contents Introduction 3 Product Analysis 3 Product Overview 3 Market Structure 4 Competition 5 Dunkin Donuts 7 Krispy Kreme 3 McDonalds 8 Panera Bread 8 Elasticity Estimates Pricing Strategy 10 Forecast 12 Determants of Demand 13 Forecast Model 15 Forecast Error! Bookmark not defined. Summary 15 Works Cited Introduction With the economy in trouble, the stock market tanking it is important to start your day with a good cup of coffee to take on these challenges. Can Starbuck’s sustain it business model and place in the market? The paper examines Starbucks business and it respective practices. In 1971, the original Starbucks opened in Pike Place Market in Seattle, Washington by three partners named Jerry Baldwin, Zev Siegal, and Gordon Bowker. Their focus was to sell coffee beans and equipment. They purchased green coffee beans from Peet’s, a specialty coffee roaster and retailer, during their first year of operation. Later, they began buying coffee beans directly from the growers. In 1983, an entrepreneur by the name of Howard Schultz joined the company; Schultz felt that the company should sell coffee and espresso drinks as well as coffee beans. The partners felt that selling coffee and espresso...
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...This paper is submitted only as an example of a mental health survey and may not be plagiarized in part or whole. This paper is property of the respective authors and may not be copied or quoted in any form. Mental Health Windshield Survey 2010 Census Data Summary:Prior to starting, research 2010 census data for the county you select http://quickfacts.census.gov/qfd/states/12000.html Include age, race, household types, growth patterns, unemployment rate, etc. Include a summary paragraph here: | The population estimate for the city of Venice for 2011 is 20897. This is an increase by .7% from 2010 which was estimated at 20748. Persons over 65 represented a whopping 57% while younger than 18 stood at 7.5% Caucasians accounted for 97.3% of the population with 93% being a high school graduate or higher. The home ownership rate is 73% with the median income being 48K. Venice city covers a mere 15.27 square miles but abounds with things do, places to eat and people to meet, most of who are retired of course. | Boundaries: Select an urban area with walking traffic/business storefronts. Attach a Google map with at least an 8 x 8 block boundary highlighted. Does the neighborhood have an identity or name? Do you see it displayed? Are there unofficial names for the area? Is the area primarily commercial, industrial or residential or a mix? | From quaint boutiques to modern department stores, the area of Venice we explored had almost everything within bike riding distance...
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...Table of Contents Executive Summary McDonald’s Corporation currently markets its products across its 8 geographic segments through customizing its food items to suit local tastes and preferences. Furthermore, all advertisements are shot in 12 different languages, featuring the customized products catered to each region. However, the company’s international motto, “I’m Lovin’ it”, is not translated. McDonald’s locates all of its franchises in convenience locations such as malls, airports and local neighbourhoods. These marketing strategies have proven to be effective, indicated by the company’s 7% increase in profit margins over the past 4 years. However, McDonald’s has strived to improve them with recent marketing initiatives with respect to the 4Ps. McDonald’s has begun to renovate its eateries, such as going from a plastic look, to a more brick and wood design in an effort to maintain a contemporary image. They have also decided to “re-image” themselves in their ads by incorporating a hip-hop theme with teen icons such as Justin Timberlake as a means to attract teenagers. Additionally, company has begun to offer healthier food products, such as oatmeal, given consumers are more health conscious. In light of McDonald’s recent efforts to improve its marketing strategies, they still face three pressing issues. Firstly, although the company has begun offering healthier food items, they are still high in fat, sugar and salt. This was confirmed in a study performed by Dr...
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...“Strategic Management is defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives” (Pearce II & Robinson, 2013, p. 3). The process of Strategic Management consists of nine (9) steps. The first three (3) steps are crucial for an organization’s success: formulating company mission, conducting analysis on internal capabilities and assessment of the external environment factors influencing the company operations. This paper will begin the strategic planning process for ABC Financial Corporation. The paper will outline the ABC Financial Corporation's research approach that will be used for the strategic plan to validate vision statement as well as the sources that will be utilized in performing an external and internal environmental analysis. The organization’s vision statement “presents a firm’s strategic intent designed to focus the energies and resources of the company on achieving a desirable future” (Pearce II & Robinson, 2013, p. 34). The value of the mission statement “is its specification of the firm’s ultimate aims” (Pearce II & Robinson, 2013, p. 42). ABC Financial Corporation’s vision statement is “to be recognized for the unparalleled customer experience” (ABC Vision, 2013, para. 1). ABC’s mission statement reads “With our position of trust and our tradition of integrity, our shared mission is to know our customers and anticipate their needs; advocate and advise; innovate and surprise”...
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...Research Strategy 1 Research Strategy 2 Research Strategy Paper All my life I have been thin because I was so active in dance and drill team. As I grew older I was able to stay thin working retail for 5 years. I was on my feet and unloading merchandise for eight to ten hours a day. I was able to eat what ever I wanted and not see the effects. When I quit retail I moved to a desk job but kept my eating habits the same. It has slowly caught up with me. I have put on twenty pounds in two and half years. It doesn’t help that as people get older their metabolism slows down. I also live alone and eat out a lot. My problem would be to eat healthier. I go to the grocery store and don’t know where to being to find foods that are healthy for me. We all know fresh fruits and vegetables are healthy but what about all the food in between. For example: meats, soups, desserts, TV dinners, low fat and low sodium products. Just because a product may say low fat, does that mean it is good for me? Information Gathered I wanted to gather information on healthy food choices. I don’t want any quick diet fixes. I want to make a lifestyle change. I want to reach my goal weight but be able to keep that weight from ever coming back. I started my search at the University Library. I selected the database ProQuest for health information. I first started by searching “eating healthy” but that just brought me to the results for people with certain diseases and how they can eat healthy...
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...| Business Strategy | Assignement | 24/05/2010 | | | | “Making your organisation fit for purpose” Starbucks Coffe Company is the world leading brand in roasting and distributing coffee. The company owns now more than 15 000 coffee shops around the globe: it is settled in North America, Latin America, Europe, Middle-East and Asia. The diversity and depth of its offer (from smooth to extra roasted coffee, African, Arabian or Latin, and all the muffins, cookies and sandwiches) allow them to count on an international exposure that has last for many years. Still, their business tends to be flattening. And the number of competitors in their core-business market, even if the competition stays way back them, is growing constantly. Considering these facts, the objective of Starbucks is to strengthen its leadership on the market. We were then approached by Starbucks in this particular goal. In this folder, you will find an entire analysis of the external environment of Starbucks Coffee Company: the macro-environment, the competitors and market and the stakeholders’ expectations will lead to being aware of opportunities and threats. Then, we went on the study of the internal capabilities: the resources and competences, the sustained competitive advantage and the diagnosis of strategic capability that will permit us to define Starbucks’ strengths and weaknesses. [Thus, owing to the results obtained, we endeavour to recommend Starbucks some new and relevant elements...
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...Morgan Register Professor Faithful English 112 28 November 2015 Learn More, Earn More Think back to your first job...what was your pay starting out? Entry levels jobs in the past certainly did not earn higher wages like those being fought for today. Fast food workers are raging for an increase in minimum wage-to perform jobs that don’t require a high school diploma, or college education...little to no academic requirements are needed to work at a fast food restaurant. Minimum wage in North Carolina is currently $7.25, whereas fast food workers would like to raise minimum wage to $15.00. A person with minimum skills should not receive higher than current minimum wage. Fight for $15 is a Workers Organizing Committee, a union of fast food workers raging ands striking for higher pay. This organization was founded in November of 2012. These workers believe that they are forced to live in poverty, because they earn a wage of $7.25. “We work for corporations that are making tremendous profits, but do not pay employees enough to support our families and cover basic needs.” (Fight for $15) These jobs are not meant to be careers for adults with families. These jobs are meant for teenagers that live at home and are in high school or college. Clearly, no one can raise a family off of $15,080 annual income, before taxes, if they worked 40 hours a week. But, a high school or college student can. One of the strikers says, “Low wage jobs are the fastest growing jobs in...
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