Industries No Chicken Joy?
In the company expanded its operations to include hot sandwiches and other meals in an effort to stem the economic impact related to events that surrounded a global fuel crisis. Economic conditions motivated product diversification, but expansion was driven by customer demand for a uniquely flavored hamburger.
Management knew they had several core competencies in product offerings, quality, and customer service as well as room for market expansion; growth potential for Jollibee appeared to be limitless. During that time period, Jollibee opened restaurants and was considered a dominate presence in the Philippine fast food market.
Limited opportunity was given to the local partners to manage the business or have input into the day-to-day operations as they related to local customs or tastes preferences.
The difference here is that Shoemart was a silent partner and allowed Jollibee to have complete control over the business operations from selecting the restaurant manager, selecting the location, designing the facilities layout, and overseeing the business operations on a day-by-day basis.
These early expansion efforts taught Jollibee that they need to cautiously select partners; develop local talent; carefully evaluate the site selected; and develop a better understanding of the local market, economy and culture Bartlett et al, Kitchener brought fourteen years of international management experience to the corporation and a desire to make the company into a world class company; to do this Jollibee needed to look and act like a multinational corporation not a local food chain.
Implementation of this strategy resulted in an increase of restaurants form to and the company being recognized as an international force Bartlett et al, Many in the home office were disenchanted with Kitchener and those who worked in the internationalJollibee is the largest food service company in the Philippines, operating 2, restaurants there, including 1, under its own banner.
It operates another restaurants in other, primarily.
Jollibee Foods Corporation Philippine stock quote of (JFC) (Jollibee Foods Corporation). Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines.
Jollibee is the Philippines' number one fast food and one of Asia's largest restaurant chains. It is an American-style fast food restaurant with Filipino-influenced dishes specializing in burgers, spaghetti, chicken and some local Filipino dishes. Complete import/export history of Jollibee Food Corp (jfc).
Their November 13, import from Mccain International Inc in Canada was KG of Frozen . View the latest JFC stock quote and chart on MSN Money.
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