Sunday, September 29, 2019
Hamburger â⬠United States Essay
A company that finds major success in one country wonââ¬â¢t necessarily catch on in another. There are a number of fast-food chains that succeeded in America, but have failed globally. One example is the widely popular Wendyââ¬â¢s. Wendyââ¬â¢s is the third largest burger chains in the U.S. However, according to the article Wendyââ¬â¢s to Exit Japan, Wendyââ¬â¢s has recently declared that they ââ¬Å"will not renew its agreement with its Japanese franchisee, Zensho Co Ltd, after both of them failed to reach an amicable solution on the development of Wendyââ¬â¢s brand in Japan.â⬠This will result in the closure of 71 outlets located in and around Tokyo, Japan. Despite being one of the leading quick-service restaurant companies in America, Wendyââ¬â¢s has struggled to understand and expand internationally. It seems that they were being consistently beaten by the business that McDonaldââ¬â¢s generates. Japan is McDonaldââ¬â¢s largest market outside of the United States. It has nearly 4,000 restaurants there. The closure of Wendyââ¬â¢s marks the end of a 29-year presence in Japan, and is clearly a testament to the different tastes of the Eastern and Western countries. In October, Wendyââ¬â¢s attempted one final marketing strategy when they launched a $75 million campaign titled, ââ¬Å"When Itââ¬â¢s Real.â⬠However, the campaign failed to boost sales and actually declined 4%. That appeared to be the last straw for the franchise. Itââ¬â¢s difficult to succeed in the restaurant industry during a recession. People are more careful with their money so they tend to eat more at home. However, fast-food chains continue to thrive during these tough economic times because of their affordability. I do feel that what happened to Wendyââ¬â¢s could have been prevented. After all, McDonaldââ¬â¢s is still succeeding in Japan, so why couldnââ¬â¢t Wendyââ¬â¢s. Itââ¬â¢s important to remain innovative, especially during a recession. If they could have been creative and developed catchy marketing strategies during these tough times, I think they could have swung back into more prosperous times. References Schaefer, R.T. (2009) Sociology: A brief introduction (8th ed.) New York, NY: McGraw Hill. Zacks Investment Research (2009). Wendyââ¬â¢s to Exit Japan. Retrieved Jan. 9, 2010 from: http://www.istockanalyst.com/article/viewarticle/articleid/3711374
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment