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panera bread case study financial analysis

Category: Business Paper Type: Homework Reference: APA Words: 1500

Panera bread business model is based on high quality foods with low costs. Turnover rate is extremely for the business. Company business model exclusively focus on customer retention, formulate, and implement strategies that are helpful in pursuing business model. The business model is appealing for customer. Customers prefer to purchase form Panera because of low cost and high quality products. Company also take care of homeless and deprive people. It does not sells its extra products at the end of the day and give them to needy people.

Leftover items are delivered to food banks and homeless shelters. Creativity is given extreme importance and company produce low cost high preteen is provided to customers on cheap rates. Therefore, quality is not compromised based on price. This business model is highly affective and successfully delivering its results to attract customers to purchase bakery and other items.

Q2: What are the chief elements of Panera Bread strategy?

Chief elements of company’s strategy are cost, quality, niche, traditional style and personal customer service. These elements are considered highly successful. Company is in position to produce high quality bakery items with low production cost. Low cost enables the company to sell its items with low level of prices. Company also focuses on its niche. The customer niche is quality conscious people. Moreover, company intends to provide the items in a traditional style that is deli-style.

Case Study Questions And Answers Panera Bread Company in 2012-Pursuing growth in a weak economy By: Date: Q1: What is Panera Bread business model? Is the business model appealing? Why or why not? Panera bread business model is based on high quality foods with low costs. Turnover rate is extremely for the business. Company business model exclusively focus on customer retention, formulate, and implement strategies that are helpful in pursuing business model. The business model is appealing for customer. Customers prefer to purchase form Panera because of low cost and high quality products. Company also take care of homeless and deprive people. It does not sells its extra products at the end of the day and give them to needy people. Leftover items are delivered to food banks and homeless shelters. Creativity is given extreme importance and company produce low cost high preteen is provided to customers on cheap rates. Therefore, quality is not compromised based on price. This business model is highly affective and successfully delivering its results to attract customers to purchase bakery and other items. Q2: What are the chief elements of Panera Bread strategy? Chief elements of company’s strategy are cost, quality, niche, traditional style and personal customer service. These elements are considered highly successful. Company is in position to produce high quality bakery items with low production cost. Low cost enables the company to sell its items with low level of prices. Company also focuses on its niche. The customer niche is quality conscious people. Moreover, company intends to provide the items in a traditional style that is deli-style. People love that style and intend to consume items in that way. These elements are the part of strategic goals of the company. Strategic direction is very important for the organization to link its functional and departmental capabilities to pursue overall strategy of the organization. Therefore, these elements contribute in delivering strategic outcomes of Panera Bread incorporation. Q3: What is the Competition like In the bakery industry? Competition in the industry is tough. Lot of competitors is engaged in producing bread and bakery items. Competitors are located throughout in US. These competitors make completion based on price, specifications and quality. Top competitors include Starbucks Corporation, Einstein Noah restaurant and La Madeleine of Texas incorporation. Variety of products is being made in the market, for instance, that include cheese bread, salad, coffees and bread. Panera Bread keeps its focus on its strategic goals to produce high quality products to compete with its competitors. They are large in numbers and may provide tough competition. Currently the company is competing very well and market rivalry is affectively encountered by the company. Panera bread exclusively focuses on customer services and try to retain its customers on all cost. Q4: What 3-4 top priority issues does Panera Bread management need to address? High priority issues that needed by the management is regarding customer satisfaction through customer relationship management. Operational excellence is the most important element in this regard. Strong execution and operational skills are needed to implement such motives. High quality restaurants are critical for the long run success of the company. Therefore, it is necessary to keep those issues as first priority. Internal stakeholder empowerment is necessary in this regard. Employees should be given complete information and knowledge about the customer. Knowledge about products an services should be given to employees so that they are imposition to guide not only their customers but other stake holders as well. Q5: Bring the case current...What is happening to Panera Bread today? Today Panorama bread is a successful business. Despite its challenges and issues faced by Panorama, overall business is successful. Company has taken various measures to achieve that success. Role of supply chain management, bakery care operations, management information systems, site selection and café environment all contributed to that level of success for Panorama bread. Besides that, company’s franchise operations, marketing strategies and free delivery of meals to needy people also contributed in its level of success. Company’s menu was large and customer has choice to select wide range of products based on quality and cost efficiency. Therefore, it can be concluded that steps taken by the company to implement effectively its strategies were quiet delivering. Q6: Has Ronald M. Shaich done a good job since his return as Panera Bread CEO? Why or why not? What evidence? Can you cite in support of your position? There is lots of difference between working of non-visionary person at company level and visionary one. This difference is clearer when Shaich was acting as CEO of Panera Bread. He maintained active strategic role at company perspective because he believes to provide some new thing towards targeted customers. His roles was best because he has launched those tastes upon company is still getting success. The best competitive alternative that has adopted by company is still glaring in policies of company. The strategic take over was the announcement of new things that as boasted dinning experience at customer level. The best invention was dining experience with fresh bread products and it was major thing that has created difference between working of Shaich and other co-executive with him. The best thing that was initiated by Shaich was individual preference at food items and customization of dinner menu as one likes to. Q7: What recommendations would you make to Panera Bread CEORonald M. Shaichin terms of the growth of the company? The data of 2012 has shown in discourse that it has shown strong financial results with same strategies as business has adopted. The company in such position to launch a biggest technical venture across company that can provide centralized monitoring at control center. The company can afford the monitoring cell and recruitment just for the sake of such system. The system can act as full time employee and this is only way to judge that either Panera is providing their customers what they want to get. The production unit is core element in success of brand because it can provide that same taste for which customer can come repeatedly. The growth strategy is satisfactory for venture and it has conquered about 1493 locations. These locations are difficult to visit publically each day and it is easy to monitor it through web-based interface. The focus should be now at provision of some new and extra cultural food as well so that multi-cultural consumer can tackle essentially. Q8: What are the key policies, practices, business principles, and procedures that underlie how Ronald M. Shaichand Panera Bread’ management have implemented and executed the company’s evolving strategy? The main policy that has adopted by Panera was to boast dining experience with use of many aspects. To achieve that policy it has developed great taste with feedback process through first time visiting clients. According to feedback, quality is only main element that can achieve long-term goal that is about dining experience. The first practices that has been adopting by food venture since its establishment was about aggressive spreading through many franchises across North America. Such marketing technique that was tackling by company is to show as much as company can show itself toward customers. Panera’s bread makes it as business principle to provide customers with attractive menu no one other is providing in market. The business grow with key product that is break and every day a new bread with same taste allowed customers to sustain with this food giver. To gain customer loyalty was only business objectives by giving different taste with same reliability. Q9: What does a SWOT analysis of Panera Bread reveal about the overall attractiveness of its situation? Strengths: Strong financial health industry Service delivery at about 1493 different locations Sustainable competitive advantage with large customer base Adult who are conscious to healthy food is main segment of venture Best information system Region-based service makes less costly supply chain Trained Bakers Permanent employee-base at support centers and at administrative level Weaknesses: Limited Production operation according to demands Wide distribution take much employees to involve in supply operations No realization towards employee relations Part Time worker are more as compare to full time Opportunities: Trade area can be best as compare to mall area for production Leased location can dynamic because government regulations Instead of new store opening support it should get by exploiting brand equity Threats: Marketing mindset of other brands is more attractive No or least monitoring system through technical systems

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