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BS-S-158
ENTERPRENEURSHIP
SIR SHAHID ZIA
SECTION B
ASSIGNMENT
Question no:1
UN Approved Languages:
The current official and working languages of the United Nations are:
Arabic
Chinese
English
French
Russian
Spanish
Question no:02
Address: LDA Complex, Court Rd, Islampura, Punjab، Islampura, Lahore, Punjab
54000
Address: Ustad Allah Bakhsh Road، Mazang, Near GPO, Lahore, Punjab 54000
Address: Lahore High Court Mall Road، Mall Rd, Mazang, Lahore, Punjab 54000
Questionn no:03
7-Eleven 55000
Subway 42000
McDonald’s 33000
KFC 18,800
Hertz 11,500
Question no:04
We’re inclined to think the Canadian coffee company has achieved success
because it realized that providing an upscale experience with topnotch customer
service was their ticket to survival.
Analysts have been suggesting for years that Second Cup was struggling — with
stocks at historic lows in the summer of 2014 — because it failed to offer the same
level of a customizable coffee drinking experience as Starbucks. It was also clear
that Second Cup couldn’t compete with Tim Hortons because it was targeting a
different market with significantly cheaper price points.
We applaud Second Cup for their recent news. Competing with Starbucks
customers who order speciality drinks in another lingo, often involving convoluted
five word names, is no easy feat.
The company is finally reaping rewards for bringing in former Starbucks executive
Alix Box as their CEO in early 2014. Box’s aggressive turn around of the stores,
which included modernizing the decor and making menu changes according to
customer requests, shows her commitment to the customer experience.
Starbucks claims their policy changes are based on the “number one request” by
Starbucks loyalty program customers. Assuming this is true, you have to
wondering why so many of their loyalty customers are now expressing their
displeasure?
The Irish franchise for Gloria Jean's Coffees has been taken over by Noeleen Duffy,
managing director of Glorjean Ltd Cork and she plans to increase the company's
franchise cafés from five to 30 in Ireland over the next three years.
Ms Duffy said they hope to have 240 people employed in the 30 franchise-operated
cafés generating a gross turnover well in excess of €15 million within the next
three years.
Direct sales of roasted coffee beans to the public generate 10% of sales.
The Irish coffee house market is highly competitive with a number of chains
already operating here including Costa Coffee, Insomnia and Cafe Sol. However,
Ms Duffy points out that Gloria Jean's have managed to dominate the Australian
market with 278 cafés compared to Starbucks' 45.
Gloria Jean's Coffees International managing director Peter Irvine said they have
aggressive expansion plans for the international operation and believes Gloria
Jean's in Ireland can emulate the company's success in Australia.
Ms Duffy said plans to open additional stores in Limerick, Waterford, Galway and
Belfast are at an advanced stage.
It costs close to €250,000 to start a new franchise but Ms Duffy said that sales of
€500,000 in year one would be the expected norm, with 10% growth in subsequent
years
"There has been a fantastic response to Gloria Jean's Coffees in Ireland. The café
market is highly competitive and Gloria Jean's success is due to the unique
combination of high quality products, specialised service and the relaxed
environment we offer our customers," she said.
The Irish franchise of Gloria Jean's Coffees, the first international franchise to
introduce the speciality coffee concept to the Irish market, is 100% Irish-owned
and is run from Cork's North Point Business where staff train to become highly
skilled baristas.
Worldwide, Gloria Jean's Coffees operates in over 15 countries and will open
stores in a further five countries later this year.