Thursday, October 24, 2019
Dominoââ¬â¢s Pizza Analysis Essay
Introduction: This report is going to be based upon Dominoââ¬â¢s Pizza, a franchised organisation derived in Michigan, USA. This report will firstly give a brief overview of the history of Dominoââ¬â¢s; it will then establish and explain the micro and macro factors that affect Dominoââ¬â¢s and their effects on the business. It will also contain a strategy which would allow Dominoââ¬â¢s to adapt and thrive in its ever changing environment; the report will give details explaining which external opportunities Dominoââ¬â¢s should take advantage of, and which external threats it should combat. This report will include a PEST analysis, examining the political, economical, social and technological factors that Dominoââ¬â¢s is affected by, a SWOT analysis which will observe the strengths and weakness Dominoââ¬â¢s has, and also external aspects that will threaten the business or provide opportunities. In 1960 Tom Monaghan and his brother created ââ¬ËDomiNickââ¬â¢sââ¬â¢ Pizza shop, in 1961 Tom bought his brother out of the company and renamed it to the ââ¬ËDominoââ¬â¢sââ¬â¢ that we know today. Dominoââ¬â¢s is now one of the largest pizza franchises in the world with 9,350 stores in over 70 countries. It employs 175,000 people worldwide and delivers over a million pizzas per day. Tom developed his company using franchising, allowing people to set up their own Dominoââ¬â¢s pizza shops, in doing so he eventually made over 1 billion dollars before retiring in 1998. Dominoââ¬â¢s is a LLC (limited liability company), merging the characteristics of sole proprietorship and a corporation, meaning that business owners still have control of their business but have limited liability against debt. Part A: This section is going to focus on the macro (external) factors that affect the business using a PEST analysis and the micro (internal) factors such as strengths and weaknesses. Politically, Dominoââ¬â¢s is affected by a number of things References: http://www.dominos.uk.com/pdf/information_pack.pdf
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