The lifeblood of QSR customer growth remains in offering great value to customers by balancing the equation of V=Price/Product+Service and ensuring sustainable unit economics. #CustomerValue #UnitEconomics #QSRGrowth
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The lifeblood of QSR customer growth remains in offering great value to customers by balancing the equation of V=Price/Product+Service and ensuring sustainable unit economics. #CustomerValue #UnitEconomics #QSRGrowth
National Commissary Manager and Head of Quality Assurance - Eat n' Go Kenya-ltd ( Proud Franchisee of Domino's Pizza Kenya and Cold Stone Creamery)
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**Domino's Genius Strategy for Pizza Dominance** 1. **Technology Integration**: Pioneering online ordering and delivery tracking, enhancing customer convenience and operational efficiency. 2. **Consistent Quality**: Maintaining high standards for pizza quality and taste, ensuring a reliable and satisfying customer experience. 3. **Fast Delivery Promise**: Guaranteeing quick delivery times with the "30 minutes or less" promise, appealing to customers seeking convenience. 4. **Menu Innovation**: Continuously updating the menu with new offerings and limited-time promotions to keep customers engaged. 5. **Strong Franchise Model**: Leveraging a robust franchise model to expand rapidly while maintaining consistent brand standards. 6. **Aggressive Marketing**: Implementing memorable and creative marketing campaigns to build brand recognition and customer loyalty. 7. **Customer Feedback Utilization**: Actively using customer feedback to make improvements and innovate based on consumer preferences. 8. **Strategic Partnerships**: Forming partnerships with major delivery platforms to expand reach and accessibility. 9. **Global Expansion Strategy**: Adapting the business model to fit diverse international markets while maintaining core brand values. 10. **Value Offers**: Providing value deals and discounts to attract cost-conscious consumers and encourage frequent orders. #PizzaDominance #TechnologyIntegration #ConsistentQuality #FastDelivery #MenuInnovation #FranchiseModel #AggressiveMarketing #CustomerFeedback #StrategicPartnerships #GlobalExpansion #ValueOffers
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Controversial opinion: If your president has to publish an open letter defending pricing at your company, the damage has already been done. And fwiw, McDonald's President Joe Erlinger's defense is rational and well thought-out; but once your customers' perception has been changed, it is an uphill battle to bring them back! Getting your pricing right is absolutely critical for maintaining your brand reputation. Trust can erode quickly when your customers feel that your prices aren't justified. Proper pricing strategies can enhance customer loyalty and ensure long-term profitability. Zilliant can help you to manage your entire Pricing Lifecycle and drive sustainable growth! #Pricing #PricingStrategy https://lnkd.in/gMgnKb-f
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🚗 Shifts in Consumer Spending: What It Means for Auto Dealerships 🚗 Recent downturns in consumer spending, as reported by giants like Starbucks, McDonald’s, and Yum, are a wake-up call for the auto industry. With vehicle supplies returning to normal levels, it’s no longer just about moving inventory—it’s about moving people. Here’s how your dealership can drive ahead: • Rev up Training: Equip your team with the skills to excel in a buyer’s market. • Trim the Fat on Spending: Analyze your expenses, especially in advertising, to ensure every dollar works as hard as you do. • Tune Up Compensation Plans: Motivate your staff to navigate this new terrain with inventive compensation strategies that reward volume, repeat business, and customer satisfaction. • Get back to the basics: If you have not done so already now is the time..Start with some mystery shopping and find out who and where you are weak. The road ahead requires agility and foresight. Let’s steer our strategies towards long-term success and customer loyalty. How are you adapting to these changes in the market landscape?
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Are you looking to boost your #revenue and achieve sustained growth in the #juicing business? Check out our latest blog post where we share actionable tactics designed for cafés, juice bars, and restaurants. From enhancing customer experience to optimizing operations, our strategies are tailored to help you thrive in the competitive market. Learn more about: 🔹Innovative marketing approaches. 🔹Streamlining your juicing operations. 🔹Enhancing customer loyalty. 🔹Maximizing your profit margins. Stay ahead in the juicing industry with these proven tactics. 🔗 https://lnkd.in/dKYbc6Ry #Zumex #JuicingBusiness #RevenueGrowth #BusinessStrategy #Innovation #Sustainability
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"Now it’s up to QSRs to get creative in promoting compelling value offerings without compromising margins while costs remain high." Corporate trade offers strategic ways to protect your margins. Message me to discuss how your inventory value can translate to marketing dollars instead of a balance sheet detriment.
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In a recent revelation, McDonald's reported a decline in global sales, attributing it significantly to its pricing strategy amidst rising inflation. This scenario highlights a critical challenge within the quick-service restaurant sector—balancing cost and customer perception of value. It is vital it is to maintain a value proposition that resonates with consumer expectations, especially during economic shifts. Strategic pricing, coupled with innovative service delivery, can enhance customer loyalty and sustain business growth, even when external pressures loom large. This development at McDonald's serves as a poignant reminder of the delicate balance businesses must manage between operational costs and customer satisfaction.
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Check out Patrick O'Mara's latest article on Convenience Store News, "Uncovering Hidden Pain Points in C-Store Pricing & Promotions." See how convenience stores can optimize their pricing strategies and promotions for better profitability. Don't miss these actionable insights!
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With UK consumers facing mounting food bills, the role of retailer brands is becoming more important… and not just for the cost-conscious consumer. How can retailers effectively respond to this trend? Whether it’s delivering competitive pricing or building customer loyalty, Finlay Beverages’ Category Manager, Rebecca Coath, discusses the emerging opportunities in the own-label beverage space. The need to satisfy consumer demand for perceived 'value' has never been more important, so own-label launches are a must. Learn more in the 1750 article here: https://lnkd.in/eciqvtY5
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"𝐘𝐨𝐮𝐫 𝐏𝐢𝐳𝐳𝐚 𝐭𝐚𝐬𝐭𝐞𝐝 𝐥𝐢𝐤𝐞 𝐜𝐚𝐫𝐝𝐛𝐨𝐚𝐫𝐝!" Several years ago, Domino's faced substantial criticism regarding the quality of their pizza. These negative reviews were impacting customer satisfaction and, consequently, the company's bottom line. To address these issues, Domino's conducted surveys, monitored social media comments, and organized focus groups. With this feedback, they completely overhauled their pizza recipe to directly address the most significant customer complaints. Additionally, they invested in technology to improve delivery times and accuracy. A critical aspect of this transformation was securing buy-in from franchisees. Domino's focused on better training and clearly explained how these improvements were directly tied to customer satisfaction and business growth. This collaborative effort not only enhanced product quality but also strengthened the relationship between the company and its franchisees. The Domino's story is a testament to the power of listening to customer feedback and maintaining brand consistency. By aligning the goals of the franchisor and franchisees, businesses can drive innovation, improve customer satisfaction, and achieve sustained growth. #ftsynergist #synergiesdrivinggrowth #franchising Photo Credit: Mohit Pareek https://lnkd.in/ge4Mcsdf
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I have gone back to this article a few times recently in my conversations with retailers about price perception and the future of pricing strategy. It is an interesting look into concepts like dynamic pricing, personalized pricing, pricing drivers and more. Definitely don't agree with all of it, but it gave me a lot to think about. Interested to get the thoughts of others in grocery and retail. https://lnkd.in/gnHsymJU
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Founder & Managing Director @ Home Advantage Limited | Personal Financial Planning & Business Consulting/Coaching
3moYes; expertise gleaned from years of experience in this sector needs to be drilled down into the operational framework, much like muscle memory, delivering value for each and every customer transaction and interaction. This of course is easier said than done - and probably why so many end up in strife; for they may have wittingly or unwittingly allowed `drift' or seepage in the delivery of value over time, little by little, until the original premise is diluted beyond remedy..