Ans.
Dunkin brands group is well known organization that provide better quality
services and food products to all their customers. Its basic mission statement
specified by its founder is; prepare and present the fresh, most tasty donuts
and coffee courteously and quickly in modern and well organized stores. In
other words, mission statement of Dunkin brand is; to become the major supplier
of the huge variety of baked items and beverages excellent in taste in all
around the world in relaxed, friendly and convenient environment that provide
the products of high quality and best arrange according to money. It is our
responsibility to provide best services and excellent experience in every
visits of customer.
Components
in the mission statement of Dunkin brand are; customer oriented, innovation,
responsibility, baking products, quality assurance, quick service, friendly
environment, excellent taste, reasonable prices, franchise in almost every part
of the world, and focus on growth and profitability.
These
components are the main idea of organization. They have to follow these
components so that they provide best services and products to their customers.
They want to capture all the markets of food especially coffee lovers who want
some light and healthy food with coffee. The demand of their products is going
to increase day by day due to their excellent performance and best services.
They capture their market share in very tough environment and with this they
maintain their best taste and quality to make their customers permanently visit
their franchise to obtain the same taste and services.
2.
Based on the case study, identify the
organization’s vision statement. Is the vision statement appropriate for the organization?
if not revise the vision that it will reflect the organization. If the
organization does not have a vision statement, create one of them.
Ans.
Based on the case study, the vision statement of organization is; to serve
respectfully and provide excellent services to their customers. in other words,
their vision is to responsibly provide services to their business partners,
employees, franchise, guests, communities and many others. Organization want to
become most desirable place for all its customers for enjoying great taste
coffee and yummiest donuts with many other baked items so everyone can enjoy
with its friends and family in most reasonable range. Simply, organization
provide this vision to all its employees that it’s our basic and major
responsibility to provide excellent services to our every customer and provide
them such a healthy and friendly environment so they can easily come with
friends or families and enjoy the coffee with their required complement. Vision
is very important for every organization because without this, organization has
no direction or plans that help all its management and employees that how to do
their work and in what direction to obtain maximum profitability and obtain
greater market share in such a competitive market. So, vision motivate it’s all
employees to work in right direction and obtain their goal as soon as possible.
3.
Based on the case study, identify the
organization’s SWOT analysis. Identify at least five of each.
Ans.
SWOt analysis is very much important in every organization as it clearly
elaborate all the strengths, weaknesses, opportunities and threats while
dealing in the market.
Strength:
the strengths of Dunkin brand are given below:
Brand
following increasing its lovers of food
The
franchise model is a hit because of right resources, passion for business
excellent, available market and prior experience of running a food service,
Supply
chain in excellent position and supply all the fresh baked products to its
customers just in time,
Most
experience employees,
Marketers
are smart,
A
unique and strong niche due to its concentration and high potential.
Weaknesses: the
weaknesses of the organization are explaining the weak areas of the
organization that are;
In
developing economics delayed expansion which means the expansion of
organization is very slow specially in developing economics,
Relationship between franchises is not good as
its excellent supply chain and management in operations are good but their
relationship with each other is not as much supportive as high range of
competition is going to appear in the markets,
New
territories in localized competition which means that due to large number of
competitors organization has slow down in developing its franchises at every
country,
Indirect
competition also face by organization like McDonalds, pizza hut and burger king
which already provide a large range of fast food and capture a high number of
customers.,
Direct
competition happens with different brands or organizations who also offer the
same products with same price range so customers can also purchase that
products in the market.
Opportunities: few
of the opportunities that organization going to avail and get benefit are;
Expand
the menu by providing more types of donuts and other baked items according to
taste and requirement of the customers,
Expand
the market by consuming more products of brands and earning of people also
increase so they can easily purchase the products as per their purchasing
power,
Health
segment is the main target of organization as they provide fresh and healthy
food to all its customers and this is the main reason to enhance the business
that people know their taste and food items are healthy and delicious that
every range of customer can enjoy.
As
a market leader organization maintain its position due to its excellent
products and their high quality in comparison of other products.
Threats: some
threats also face by the organization that are;
Cost
and procurement of raw material is high because organization follow just in
time approach and logistics costs are going to be high,
High
competition is always present and appears as a threat for the organization,
Franchising
is also major threat as other competitors expand their business at different
places and your organization work with less number of franchises,
Shelf
life is also major problem as bakery items have less life as compare to other
products and affect the profitability of organization.
4.
Based on the case study, what is the
organization’s competitive advantage?
Ans.
The competitive advantages of organization are very much helpful for smooth
running and increasing its profitability in the huge competition market. Dunkin
maintain its taste and quality from many years. It considers a market leader in
its major products like coffee and donuts. Dunkin brand has introduce two more
major brands and under them 4 more brands are going to work in most effective
manner. Organization adopt 100% franchise model when start any franchise in any
country or city. They have to maintain all their facilities, methods,
procedures and taste quality and receive a huge royalty in increasing their
profits. So these are main competitive advantages that are very much helpful
and supportive for the organization and maintain its image and face all the
issues that happen due to high number of competitors in the market and everyone
is busy in obtain its own share. In the market competitive advantages are best
tools of organization that make them different and strong as compare to other
competitors.