Dissertations / Theses on the topic 'Fast food restaurants'
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Rowen, Christopher William. "Fast food automation." Thesis, Georgia Institute of Technology, 1987. http://hdl.handle.net/1853/18903.
Full textAntonsson, Henrik, Lukas Engström, and Vytautas Verbus. "Innovation within Fast Food Restaurants : The role of the local restaurant management." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-15527.
Full textCastillo, Maria Gabriela. "Establishing a fast food industry in Venezuela." Online version, 2000. http://www.uwstout.edu/lib/thesis/2000/2000castillom.pdf.
Full textFerry, Peter Christopher. "Taco Bell : prospects in Hong Kong and China : a strategic guide /." Thesis, [Hong Kong : University of Hong Kong], 1993. http://sunzi.lib.hku.hk/hkuto/record.jsp?B13731099.
Full textDuggal, Niti. "Retail location analysis a case study of Burger King & McDonald's in Portage & Summit Counties, Ohio /." [Kent, Ohio] : Kent State University, 2007. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=kent1196133312.
Full textTitle from PDF t.p. (viewed July 10, 2007). Advisor: Jay Lee. Keywords: Retail Location Analysis; geographic information systems(GIS); Statistical Analysis; Regression Analysis; Geocoding; Catchment Area Analysis; Buffer Polygons; Thiessen Polygons; McDonald's; Burger King; Fast Food Restaurants; Overlay Analysis. Includes bibliographical references (p. 130-151).
Guo, Maria (Miao). "The perception of Chinese consumers of American fast-food in Beijing." Online version, 1994. http://www.uwstout.edu/lib/thesis/1994/1994guom.pdf.
Full textBukhari, Sulafah. "Consumer Loyalty in Fast-Food Restaurants in Saudi Arabia." Thesis, Université d'Ottawa / University of Ottawa, 2015. http://hdl.handle.net/10393/31899.
Full textNeill, Lindsay. "The contested "White Lady" perceptions and social meanings of the "White Lady" in Auckland : a thesis submitted to AUT University in partial fulfilment of the requirements for the degree of Master of International Hospitality Management, 2009 /." Click here to access this resource online, 2009. http://hdl.handle.net/10292/818.
Full textHoe, York Joo. "Feasibility study for a food court in a Kowloon office and commercial complex." Thesis, Hong Kong : University of Hong Kong, 1995. http://sunzi.lib.hku.hk/hkuto/record.jsp?B14038973.
Full textRashid, Abdul. "Employees Motivation – A Key for the Success of Fast Food Restaurants." Thesis, Umeå universitet, Handelshögskolan vid Umeå universitet, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-43547.
Full textBailey, Grace. "The Effect of Fast Food Restaurants on Type 2 Diabetes Rates." Scholarship @ Claremont, 2018. http://scholarship.claremont.edu/cmc_theses/1819.
Full textChakraborty, Nibedita. "A Socio-Psychological Analysis of Eating Behaviors at Fast Food Restaurants." University of Toledo / OhioLINK, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=toledo1353034670.
Full textStein, Dana Beth. "Food Deserts' and 'Food Swamps' in Hillsborough County, Florida: Unequal Access to Supermarkets and Fast-Food Restaurants." Scholar Commons, 2011. http://scholarcommons.usf.edu/etd/3366.
Full textSpencer, Freeze Rixa Ann. "French food vs. fast food José Bové takes on McDonald"s /." Ohio : Ohio University, 2002. http://www.ohiolink.edu/etd/view.cgi?ohiou1029182528.
Full textSantos, Augusto Sueiro dos. "FATORES DETERMINANTES DA QUALIDADE DOS SERVIÇOS EM RESTAURANTES FAST FOOD." Universidade Metodista de São Paulo, 2013. http://tede.metodista.br/jspui/handle/tede/53.
Full textIn the modern world, comfort and convenience have been factors directly linked to everyday needs of people, where time is increasingly scarce and the search for facilities becomes a constant. Considering this scenario, the same way increasing the number of people in food courts, there is intense competition among fast food companies located in those shopping centers. In this context, this study identifies and analyses determining factors of quality of fast food restaurant services, from the perspective of customers. The fast food industry was divided into three categories: thematic, serve and pay and cafeterias, to identify possible differences in these sectors. The research focuses on customers of fast food restaurants located in the main shopping center of the city of Mauá. The research type is descriptive and exploratory, which data were collected through a questionnaire, based on the analysis instrument SERVQUAL, applied on a non-probabilistic sample of 390 users of the food court. Factor analysis was performed using the statistical software SPSS v19, extracting five determining factors of the quality of fast food restaurants. Among the chosen factors, it is highlighted those connected to Excellence and Customization of services. The analyzed sectors showed convergences in their results, such as the high expectations from the customers, besides the gap in the perceived quality of the service in fast food restaurants, as well as showed differences in their individual analysis, highlighting peculiarities from each of these.
No mundo moderno, comodidade e conveniência têm sido fatores ligados diretamente às necessidades cotidianas das pessoas, onde o tempo é cada vez mais escasso e a busca por facilidades se torna uma constante. Tendo em vista esse cenário, na mesma medida crescente do número de frequentadores em praça de alimentação, há uma concorrência intensa travada pelas empresas de fast food estabelecidas nesses centros de compras. Nesse contexto, esse trabalho identifica e analisa fatores determinantes da qualidade dos serviços de restaurantes fast food, sob a ótica dos consumidores. O setor de fast food foi dividido em três categorias: temáticos, por quilo e lanchonetes, visando identificar possíveis diferenças nesses segmentos. O universo da pesquisa concentra-se nos consumidores dos restaurantes fast food situados no principal shopping center da cidade de Mauá. A pesquisa é de caráter descritivo e exploratório, cujos dados foram coletados por meio de questionário, baseado no instrumento de análise SERVQUAL, aplicado junto a uma amostra não probabilística de 390 usuários da praça de alimentação. Foi realizada análise fatorial por meio do software estatístico SPSS v19, extraindo cinco fatores determinantes da qualidade dos serviços de restaurantes fast food. Dentre os fatores extraidos, ressaltam-se os que estão ligados à Excelência e à Personalização dos serviços. Os segmentos analisados apresentaram convergências em seus resultados, como a elevada expectativa por parte dos consumidores, além do déficit na qualidade percebida de serviços dos restaurantes fast food, assim como apresentaram divergências em suas análises individuais, evidenciando peculiaridades a cada um desses.
Leung, Wing-ying, and 梁詠瑩. "Neighborhood deprivation and fast food outlet on adult obesity." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2010. http://hub.hku.hk/bib/B45172912.
Full textUkandu, Nnenna Eme. "The causes of low employee motivation within Cape Town's fast food industry." Thesis, Cape Peninsula University of Technology, 2011. http://hdl.handle.net/20.500.11838/2062.
Full textMotivating employees in fast food outlets plays a major role towards improving the commitment and performance of workers. However, it has been confirmed that there is low levels of employee motivation in some fast food outlets, which has led to negative results and poor performances. Therefore, improving employee motivation in fast food outlets has become a necessity. The main aim of the study was to investigate causes of low employee motivation in fast food outlets within South Africa. The present author was able to discover the causes of low employee motivation levels such as poor supervision, little or no training, poor pay and poor working conditions. Hence, factors that could improve levels of motivation of employees in fast food outlets were identified; for instance, motivating fast food employees through genuine appreciation, recognition, compensation and inspiration. The researcher further suggests strategies, which may improve the quality of work-life for employees with fast food outlets training and developing employees, reducing their workload; and initiating incentive programs and retention strategies. This will help the management at fast food outlets to improve levels of motivation of their workers, and also assist them to retain their talented staff. The case study method was used for this research since the study involved fast food outlets in Cape Town. The triangulation method was applied to solicit information from staff members, managers and store managers/franchisees. Semi-structured interview questions were used to obtain information from franchisees/store managers, senior managers, floor managers, and supervisors, while closed-ended questionnaires were used to interview other staff members. This study has confirmed that there are no motivation policies at most of the fast food outlets which were studied that can guide employers to motivate their workers. It is clear from the study that there is low employee motivation at some fast food outlets, and hence the researcher has proposed recommendations, which will help the management of fast food outlets to enhance the levels of motivation of employees, and their work performance. It is suggested that employees should be involved in the decision making of their organization; the quality of work-life of employees should be improved; a harmonious working environment should be promoted; and workers should be empowered and allowed to participate in the profit sharing of the organization. This will improve workers' levels of motivation and better results will be achieved for the organization at large.
Galloway, Kelly Lou. "Selected marketing communication methods influencing young adults' perceptions and buying intentions of healthy foods in South Africa." Thesis, Nelson Mandela Metropolitan University, 2013. http://hdl.handle.net/10948/6312.
Full textZhang, Jiaoyan. "The impact of U.S. quick service on the health and patronage of Chinese urban consumers." Thesis, University of North Texas, 2003. https://digital.library.unt.edu/ark:/67531/metadc4272/.
Full textGuo, Hui. "A feasibility study for a quick-service restaurant in Chengdu, China." Menomonie, WI : University of Wisconsin--Stout, 2006. http://www.uwstout.edu/lib/thesis/2006/2006guoh.pdf.
Full textBURDETTE, HILLARY LOUELLA. "NEIGHBORHOOD PLAYGROUNDS, FAST FOOD RESTAURANTS, AND CRIME: RELATIONSHIPS TO OBESITY IN LOW-INCOME PRESCHOOL CHILDREN." University of Cincinnati / OhioLINK, 2003. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1046381248.
Full textBurdette, Hillary L. "Neighborhood playgrounds, fast food restaurants, and crime relationships to obesity in low-income preschool children /." Cincinnati, Ohio : University of Cincinnati, 2003. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=ucin1046381248.
Full textSheringham, Colin James. "A gastronomic meditation on McDonald's /." View thesis, 2008. http://handle.uws.edu.au:8081/1959.7/31861.
Full textA thesis submitted to the University of Western Sydney, College of Arts, Centre for Cultural Research, in fulfilment of the requirements for the degree of Doctor of Philosophy. Includes bibliography.
Wagner, Jana Louise. "Promoting one low-fat, high-fiber choice in a fast-food restaurant: use of point-of-purchase prompts." Thesis, Virginia Polytechnic Institute and State University, 1987. http://hdl.handle.net/10919/80169.
Full textMaster of Science
Li, Kuang C. "An analysis of trip generation rates : banks and drive-through restaurants." Connect to resource, 1986. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1261082876.
Full textEl, Farra Ehab. "The effect of food quality on Burger King's patronage." FIU Digital Commons, 1985. http://digitalcommons.fiu.edu/etd/3255.
Full textWilkinson, Richard F. "Hospitality management student work aspect preferences and reinforcers in the quick service restaurant industry /." free to MU campus, to others for purchase, 1997. http://wwwlib.umi.com/cr/mo/fullcit?p9841193.
Full textErtekin, Selcuk. "An Assessment of Consumers' Willingness to Patronize Foreign-Based Business Format Franchises: An Investigation in the Fast-Food Sector." Thesis, University of North Texas, 2010. https://digital.library.unt.edu/ark:/67531/metadc28417/.
Full textMamalis, Spyridon. "Consumers attitudes towards fast food restaurants in Greece : an investigation of store image, satisfaction and loyalty." Thesis, University of Newcastle Upon Tyne, 2004. http://hdl.handle.net/10443/646.
Full textYing, Wai-yin, and 應慧賢. "Marketing in China: an analysis of the rapid growth of the multi-national fast food chains." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B27025469.
Full textParsa, Haragopal. "Exploratory investigation of organization power, and its impact on strategy implementation and firm performance : a study of the hospitality franchise systems /." Diss., This resource online, 1994. http://scholar.lib.vt.edu/theses/available/etd-06062008-164617/.
Full textJara, Suárez Jeanellis Raquel. "Motivaciones para la cocreación de valor con relación a la lealtad de marca de restaurantes de comida rápida." Universidad Peruana de Ciencias Aplicadas (UPC), 2020. http://hdl.handle.net/10757/652690.
Full textCo-creation is a strategy in which the stakeholders of a company, whether customers, collaborators, suppliers, etc., create together with the brand, products or services in order to generate value and offer them better goods or experiences. This strategy is used to generate value, customer relationship and loyalty. This research will be focused on the fast food market in Peru, where the existence of co-creation, the knowledge of consumers about this, the interest in participating and whether this generates loyalty will be verified. The aim is to study people between 20 and 45 years old, who are the most frequent at these restaurants. The benefits that motivate the participation of the co-creation will be recognized, which will be presented in the form of a contest in which the participants can create a product or service with the brand of fast food restaurant of their choice. Also, the emotions generated by participating and winning this contest, and the existence of loyalty towards the brands that develop them.
Tesis
Sadi, Muhammad A. "International business expansion through franchising: the case of fast-food industry." Diss., Virginia Tech, 1994. http://hdl.handle.net/10919/39038.
Full textPh. D.
Gorzoni, Patricia Miola. "Cultura organizacional e qualidade de vida no trabalho: um estudo com funcionários de um restaurante fast-food." Universidade de São Paulo, 2010. http://www.teses.usp.br/teses/disponiveis/18/18157/tde-25112010-091200/.
Full textInvestigations about the relationship between organizational culture and employees\' quality of life are scarce on scientific literature, mainly on fast-food restaurants segment. The development of an investigation which co-relate both issues can contribute to management and human resources practices. This paper aims to study the relationship between organizational culture and employees\' quality of life inside fast-food restaurants. Methodology: empirical and categorical studying, with contrasting group design (case and control). Quantitative and qualitative data treatment was done. Sample: three organizations located on the same region and city, state of Sao Paulo. The first of them was the fast-food restaurant (case group); the second was a vegan restaurant (control group 1) and the third was a university restaurant (control group 2). The contrasting group turns easier the identification of particular fast-food restaurants\' features. Research instruments: organizational culture was assessed by Inventario de Valores Organizacionais - IVO (Organizational Values Inventory) and employees\' quality of like by Escala de Indicadores de Prazer-Sofrimento no Trabalho - EIPST (Pleasure-Suffering Indicators Scale). The instruments \'choice concerns the validation and utilization on Brazilian researches. They were examined according to the calculation spreadsheets specific to each instrument, and then connected. Further partly-arranged interviews were done with the fast food\'s managerial team. The qualitative study was crucial considering the small size of the sample. The results were discussed based on theoretical contributions, empirical and methodological studies related to organizational culture, employees\' quality of life and psychodynamics of work.
Richmond, Sandra Mansell 1944. "The demands-control model in fast-food restaurants: Effects of emotional labor, customer treatment, demands, control, and support." Diss., The University of Arizona, 1997. http://hdl.handle.net/10150/289655.
Full textBlansett, Karen D. (Karen Day). "Prediction of the Job Performance of Restaurant Workers Using a Service Orientation Measure." Thesis, University of North Texas, 1990. https://digital.library.unt.edu/ark:/67531/metadc501115/.
Full textPryll, Richard Leonard. "Solving the solid waste problem : pressure from the public sector for point source reduction /." Online version of thesis, 1992. http://hdl.handle.net/1850/10868.
Full textParton, Benjamin John. "Organização sindical e condições de trabalho no setor de fast-food em São Paulo e na Nova Zelandia." [s.n.], 2009. http://repositorio.unicamp.br/jspui/handle/REPOSIP/281649.
Full textDissertação (mestrado) - Universidade Estadual de Campinas, Instituto de Filosofia e Ciencias Humanas
Made available in DSpace on 2018-08-13T21:21:39Z (GMT). No. of bitstreams: 1 Parton_BenjaminJohn_M.pdf: 2832470 bytes, checksum: 672c6e2b3a06d165698eae9ffbf189cc (MD5) Previous issue date: 2009
Resumo: O trabalho no segmento de fast-food, juntamente com os demais segmentos do setor de serviços, cresceu exponencialmente nos últimos 20 anos na Nova Zelândia e no Brasil. Sua forma de emprego é conhecida pela alta rotatividade e intensidade de trabalho; pelos baixos salários; pela juventude da sua mão de obra; e pela ausência de organização sindical. Diferentemente da tendência global, os trabalhadores de fast-food na Nova Zelândia e em São Paulo são representados por sindicatos que foram fundados após o início do processo de abertura econômica nos anos 1980 e 1990. Na Nova Zelândia, o sindicato Unite conseguiu formar uma base entre trabalhadores de fast-food que se filiaram a ele e pagam suas contribuições sindicais voluntariamente. As ações coletivas do sindicato buscam apoio público usando a notoriedade das marcas de fast-food para chamar atenção para sua causa. Desta forma, o sindicato pressionou as grandes empresas de fast-food, e exigiu que o governo aumentasse os mínimos legais que definem as condições de trabalho no setor. Já o Sindicato dos Trabalhadores nas Empresas de Refeições Rápidas (Fast-Food) de São Paulo foi estabelecido em 1996 através do desmembramento da base do sindicato de hotéis e restaurantes na cidade. O novo sindicato negociou uma Convenção Coletiva de Trabalho que baixou os salários e as condições de trabalho no setor para valores próximos aos mínimos legais, reduzindo assim os custos de trabalho das grandes marcas de fast-food na cidade. Palavras-chave: restaurantes de refeições ligeiras; trabalho; sindicalismo; mobilização
Abstract: Labor in the fast-food industry, along with other segments of the service sector, has grown exponentially over the last 20 years in New Zealand and in Brazil. Employment in the industry is characterized by: high staff turnover; an intense working environment; low pay; a young workforce; and the absence of trade union organization. Different to the norms in this globalized sector, fast-food workers in New Zealand and São Paulo are represented by unions established after the commencement of economic liberalization programs of the 1980s and 1990s. In New Zealand, the Unite union was able to establish a membership base amongst fast-food workers who joined the union and voluntarily paid membership fees. The collective actions of the union sought public support using the profile of fast-food brands to attract attention to their cause. In this way, the union pressured large fast-food companies, and demanded that the government raise the legal minimums that define working conditions in the sector. The Fast-Food Workers' Union of São Paulo was established in 1996 through dismembering the membership base of the hotel and restaurant workers union in the city. The new union negotiated an employment award for fast-food workers that lowered pay and working conditions to close to the legal minimums, thus reducing the labor costs of large fast-food brands in São Paulo. Keywords: fast-food restaurants; labor; trade-unionism; mobilization
Mestrado
Mestre em Ciência Política
Crawford, Alleah M. Hubbard Susan Sorrells. "Empowerment and organizational climate an investigation of mediating effects on the core-self evaluation, job satisfaction, and organizational commitment relationship /." Auburn, Ala, 2008. http://repo.lib.auburn.edu/EtdRoot/2008/SUMMER/Nutrition_and_Food_Science/Dissertation/Crawford_Alleah_4.pdf.
Full textMaree, Petrus Johannes Hermanus. "South African fast food franchise industry's use of project management, towards a franchise project management course." Thesis, Stellenbosch : University of Stellenbosch, 2007. http://hdl.handle.net/10019.1/5030.
Full textENGLISH ABSTRACT: The business format, franchising, can be defined as "the granting of a licence for a predetermined financial return by a franchising company (franchisor) to its franchisees. The grant entitles them to make use of a complete business package, including training, support and the corporate name (branding and logos). Thus enabling them (franchisees) to operate their own businesses to exactly the same standards and format as the other units in the franchise chain." (Grant 1985, p4 as cited by Altinay, L. 2004) Franchising as a business model can be seen in essence as a proven business model that is sold as a "best practices knowledge" model to franchisees. Although the "best practices" approach is at the core of franchising no formal methodology was found to exist to guide the development thereof. The lack of a formal methodology in this regard has given rise to various self-designed so-called "project management" approaches as found to be applied in the development of franchise outlets. This mini-thesis sets about testing the theoretical and practical integration of a formal project management approach, in fast food franchising market. Both from a theoretical and practical point of view it was found that the integration of a formal project management methodology and franchising as a business model would improve the functionality of franchising as a whole. By developing a formal methodology in a course for the franchising model, better control over the limited scarce resources (money, time, quality and people) at its disposal can be obtained, allowing optimal growth through proper development, planning, monitoring and delivering of business outlets.
AFRIKAANSE OPSOMMING: Die besigheids formaat, naamlik agentskap, kan beskryf word as: die vergunning van 'n lisensie teen 'n voorafbepaalde finansiële tarief deur die maatskappy, aan sy agentskappe. Die vergunning leen hulle daaraan toe om gebruiksnut van die hele pakket te kan benut, insluitende opleiding, ondersteuning en korporatiewe naams- (handelsmerk en logo) gebruik. Sodoende bevoeg die gebruiksnut die agentskappe om hulle eie besighede tot dieselfde standaarde en formaat as die ander agentskappe in die groep te bedryf. (Grant 1985, p4 soos aangehaal deur Altinay, l.2004) Agentskap as 'n besigheids model kan beskou word in wese as 'n erkende besigheids model, wat verkoop word as 'n "beste kennis praktyk" model, aan die organisasie se agentskappe. Alhoewel die "beste kennis praktyk" metode, aan die kern van agentskap is, is geen formele metodologie gevind wat die ontwikkeling daarvan reguleer nie. Die tekort aan 'n formele metodologie in die aanwending van agentskap het tot gevolg gehad dat verskeie self ontwikkelde sogenaamde "projek bestuur" metodes in gebruik geneem is in die ontwikkeling van verskeie agentskappe. Hierdie mini-tesis is daartoe gemik om teoretiese en praktiese integrasie van 'n formele projek bestuur metodiek in die kits kos agentskap mark te beproef. Beide van 'n teoretiese en praktiese perspektief was dit bevind dat die integrasie van 'n formele projek bestuur metodologie en agentskap as 'n besigheids model, die funksionele toepassing van agentskap as 'n geheel sal bevorder. Deur die daarstelling van 'n formele agentskap kursus bied dit die organisasie beter kontrole oor hulle beskikbare skaars hulpbronne (geld, tyd, kwaliteit en mense), wat optimale groei bevorder weens die ontwikkeling van verbeterde ontwikkeling, beplanning, toesighouding, en lewering metodes.
Korshgen, Joyce A. "Worker perceptions of the fast-food giant : interviews with and class comparisons of teenagers working at McDonalds." PDXScholar, 1987. https://pdxscholar.library.pdx.edu/open_access_etds/3716.
Full textFaehr, Aleesha M. "The Relationship Between the Availability of Non-Calorie Nutrition Information at the Point of Purchase and an Individual's Food Purchasing Behavior at Chain Restaurants in King County, Washington." University of Cincinnati / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1367924118.
Full textAndrade, Zeña Carmen Rosa, Arotinco Deyvi Alexis Camasca, Tipiana Jahayra del Carmen Castillo, and Pardo Vilma Cecilia Chempen. "Pizzas Métricas." Bachelor's thesis, Universidad Peruana de Ciencias Aplicadas (UPC), 2019. http://hdl.handle.net/10757/653343.
Full textThis enterprise project explores the business idea for the introduction of a healthy fast food restaurant called “Pizzas Métricas” in the area of Lima. Its main activity will be the production, making and selling of artisanal pizzas with various tastes sold by weight. This idea is extrapolated from a mixture of different projects from students of the Peruvian University of Applied Sciences (UPC). From research it has been determined that there is a market niche unfulfilled by the offer of the current fast food restaurants in the Lima area. Our goal is to attract the pizza consumer with high quality products with the twist that the pizza will be exactly the size the customer desires. This will ease the purchase decision and to allow a different approach to the customer by allowing them to decide the exact dimensions of their pizza and allowing them to try it buying it. The initial investment will be for S/ 71,678.20; distributed between machinery and appliances for S/ 34,080.00, tools S/ 2,180.00, furniture and other operational expenses for S/ 15,418.20 and working capital of S/ 20,000.00. The financing will be composed as follows: 50% with a loan from a third party and the other 50% from the contributions of the shareholders. Is estimated that the investment will be recovered by the 8th month of operations.
Trabajo de investigación
Bryans, Robert. "Linking operational excellence to shareholder value : McDonald's as a case study." Thesis, Stellenbosch : Stellenbosch University, 2004. http://hdl.handle.net/10019.1/21214.
Full textENGLISH ABSTRACT: McDonald's is world renowned for the benchmark standards it sets in operations management. This is evidenced by the numerous references in operations management textbooks over the last 10-15 years. However, since 1999, McDonald's has not been able to link this operations excellence to creating shareholder value. In fact, the McDonald's share price has declined by 64 % over the last 4 years. In comparison, Wendy's (McDonald's biggest competition in the US fast food market) share price has increased by 2 % over the same period. Understanding why McDonald's has not been able to link operational excellence and the creation of shareholder value is the reasoning behind this mini-thesis. The hypothesis is that there are a number of factors. which influence shareholder value, and operational excellence is but one of these factors. A literature survey was conducted in order lO understand the underlying theories which link operational excellence and shareholder value creation. Evidence supporting this hypothesis is then presented and discussed. In Chapter 3, McDonald's ability to deliver operational excellence is evaluated against the evidence presented in operations management textbooks and other sources. The success of McDonald's in delivering perfonnance in the other factors affecting shareholder value is then discussed in Chapter 4 and compared to its biggest competition. Firstly, the share price of McDonald's is compared to its biggest competition (Wendy's), then the strategy of McDonald's and its impact on shareholder value creation is discussed, along with McDonald's ability to implement the other important factors and drivers, namely customer value creation, efficiency of value delivery and direct financial impact on shareholders. As a result of the above evidence. it was found that there are two basic reasons why McDonald's has not been able to link operational excellence and shareholder value creation: 1. Relative to its competition, McDonald's has not demonstrated sufficient competence in the other factors, which influence shareholder value creation. These factors are: customer value creation and the efficiency of customer value delivery. This is further evidenced by the financial output measures of McDonald's relative to its competition. 2. McDonald's ability in delivering operational excellence has diminished recently. This is evidenced by falling ratings in customer satisfaction surveys. The above reasons are evidenced by customer satisfaction survey results, comparative financial results and a number of non-direct driver results. In order to increase shareholder value creation, it is recommended that McDonald's change the focus of its strategy from operations to the creation of customer value. In order to support this change, the organisational structure and business processes will have to be changed by top management, who must be the crusaders of this change.
AFRIKAANSE OPSOMMING: McDonald's is bekend vir die maatskappy se wereldklas bedryfs bestuur standaardc. Die standaarde word tel kens na verwys in menige bedryfs bestuur handboeke oor die afgelope 10 tot 15 jaar. McDonald's kon egtcr nie daarin slaag om die hoe bedryfsbetuur standaarde in aandeelhouer waarde te omskep nic. Die waarde van die McDonald's aandele het met 64% gedaaJ oor die afgelope 4 jaar. In kontras het Wendy's (McDonald's se grootste mededinger in die Amerikaanse kitskos mark) se aandeel pryse met meer as 2% gestyg oor dieselfde peri ode. Die redc vir hierdie studie is dan juis om te bepaal waarom McDonald's nie hul voortrcflike bestuurs standaarde kon koppel aan stygende aandeelhouer waarde nic. Die hipotese is dat daar 'n aantal faktore is wat die aandeelhouer waarde van 'n maatskappy bepaal en dat bedryfs bestuur standaarde maar net een van hierdie faktore is. 'n Literatuur studie is gedoen om te bepaal wat die verwantskap is tussen puik bedryfsbetuur standaarde en die skepping van aandeelhouer waarde. Die bewyse vanuit die literatuurstudie is dan gebruik om die hipotese mee te toets. In Hoofstuk 3 is die vennoe van McDonald' s om hoe bedryfsbestuur standaarde te handhaaf evalueer aan die hand van die literatuur studie. McDonald's se sukses in die implementering van die ander faktore wat lei tot verhoogde aandeelhouer waarde is in Hoofstuk 4 bespreek en terselfde tyd vergelyk met die verrnoens van sy grootste mededingers. Eerstens is die aandeelprys van McDonald's met die van sy grootste mededinger (Wendy's) vergelyk en tweedens is die strategie van McDonald's en die impak daarvan op aandeelhouer waarde bespreek. Ander belangrike faktore soos kliente waarde skepping. effektiwiteit van waarde toevoeging en direkte finansiele impak op aandeelhouers is ingesluit in die bespreking. Daar is gevind dat daar twee hoofredes is waarom McDonald's nie daarin geslaag het om bedryfs bestuur uitmuntenheid te omskep in aandeelhouer waarde nie: 1. McDonald's het in vergelyking met sy mededingers nie goed genoeg gedoen m.b.t. die ander faktore wat aandeelhouer waarde bernvloed nie. Hierdie faktore is kliente waarde skepping en effektiwiteit van waarde toevoeging. 2. McDonald's se bedryfs bestuur standaarde het begin afneem. Dit word gestaaf deur laer waarderings in klante tevredenheids bepalings. Die onvermoe van McDonald' s om die bogenoemde faktore te implementeer word deur die klante tevredenheids bepalings, vergelykende finansiele resultate en 'n aantaJ indirekte maatstawwe gestaaf. Daar word dus voorgestel dat McDonald's sy stralegiese fokus moet verskuif vanaf bedryfs bestuur optimisering na kliente waarde skepping. Die organisasie struktuur en besigheids prosesse van McDonald's sal dus deur bestuur herorganiseer moet word om die verandering in strategie te kan ondersteun.
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