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The Quick Service Restaurant Business in Nigeria
G.J.C.M.P.,Vol.3(3):8-14 (May–June, 2014) ISSN: 2319 – 7285 The Quick Service Restaurant Business in Nigeria: Exploring the Emerging Opportunity for Entrepreneurial Development and Growth Mustapha, Adeniyi Mudashiru (Ph.D.)1, Fakokunde, Tolutope Olubamiji (Ph.D.)2 & Awolusi, Olawumi Dele (Ph.D.)3* 1Department of Business Administration,University of llorin, llorin, Nigeria. 2Department of Entrepreneurship and Business Studies,Federal University of Technology, Minna, Nigeria. 3Department of Business Administration,Faculty of Management Sciences, Ekiti State University, Ado Ekiti, Nigeria. *Corresponding author Abstract Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the Quick Service Restaurant. Despite the presence of economic, social and political dilemma in the country, the business continues to strive. This paper, therefore, by presenting an in-depth knowledge of the industry exposes its potentials for growth and also highlights the prospects and challenges of operating fast food business in Nigeria. It goes further to identify and recommend the required skills needed by its emerging entrepreneurs to succeed in an environment such as Nigeria’s. Keywords: Fast food outlets, Franchise, Nutrition, Eateries, Nigeria. 1.0 Introduction Although, the concept of fast food retailing, also known as quick service restaurants evolved in Nigeria about 35 years ago by UAC, from the coffee shops of its Kingsway Departmental Stores, which later transformed into Kingsway Rendezvous, the organized fast food industry is fast emerging in the country. The industrial landscape has witnessed the influx of unprecedented numbers of fast food operators since the opening of the first fast food outlet in Nigeria, at Yaba, in 1986 by Mr. -
QSR and Casual Dining Companies in Sub-Saharan Africa
Fast Food’s Final Frontier: an environmental, social and governance profile July 2013 Kigoda Consulting About Kigoda Consulting Kigoda Consulting provides research and analysis of environmental, social and governance issues across sub-Saharan Africa. Based in Cape Town, South Africa, Kigoda Consulting is a signatory to the United Nations-supported Principles for Responsible Investment (PRI) Initiative. Contents Executive Summary .............................................................................................................................................. 1 Introduction ........................................................................................................................................................... 3 ESG issues ............................................................................................................................................................. 7 Environment .......................................................................................................................................................... 8 Climate change, energy & emissions ............................................................................................................. 8 Energy usage ................................................................................................................................................. 9 Energy efficiency measures ................................................................................................................... 9 Carbon tax and emissions -
Muis Halal Certified Eating Establishments NOT for COMMERCIAL USE
Muis Halal Certified Eating Establishments NOT FOR COMMERCIAL USE MUIS HALAL CERTIFIED EATING ESTABLISHMENTS (1) Click on "Ctrl + F" to search for the name or address of the establishment. (2) You are advised to check the displayed Halal certificate & ensure its validity before patronising any establishment. (3) For updates, please visit www.halal.sg. Alternatively, you can contact Muis at tel: 6359 1199 or email: [email protected] Last Updated: 16 Oct 2018 COMPANY / EST. NAME ADDRESS POSTAL CODE 126 CONNECTION BAKERY 45 OWEN ROAD 01-297 - 210045 SEMBAWANG SPRINGS 13 MILES 596B SEMBAWANG ROAD - 758455 ESTATE 149 Cafe @ TechnipFMC (Mngd By 149 GUL CIRCLE - - 629605 The Wok People) REPUBLIC POLYTECHNIC 1983 A Taste of Nanyang E1 WOODLANDS AVENUE 9 02 738964 (Food Court A) SINGAPORE MANAGEMENT 1983 A Taste of Nanyang 70 STAMFORD ROAD 01-21 178901 UNIVERSITY 1983 A Taste of Nanyang 2 Ang Mo Kio Drive 02-10 ITE College Central 567720 CHANGI AIRPORT 1983 Cafe Nanyang 60 AIRPORT BOULEVARD 026-018-09 819643 TERMINAL 2 HARBOURFRONT CENTRE, 1983 Coffee & Toast 1 MARITIME SQUARE 02-21 099253 TRANSIT AREA Tower C, Jurong Community 1983 Coffee & Toast - 1 Jurong East Street 21 01-01 609606 Hospital 1983 Coffee & Toast 1 JOO KOON CIRCLE 02-32/33 FAIRPRICE HUB 629117 CHANGI GENERAL 1983 Coffee & Toast 2 SIMEI STREET 3 01-09/10 529889 HOSPITAL 21 On Rajah 1 JALAN RAJAH 01 DAYS HOTEL 329133 4 Fingers Crispy Chicken 2 ORCHARD TURN B4-06/06A ION ORCHARD 238801 4 Fingers Crispy Chicken 68 ORCHARD ROAD B1-07 PLAZA SINGAPURA 238839 4 Fingers Crispy Chicken 1 -
Customer Preference Survey Report! First Edition [January 2016]
! ! ! Customer Preference Survey Report! First Edition [January 2016] ! ! ! ! ! ! ! ! ! ! Lagos, Nigeria. Courtesy; ! Customer Experience Management Experts Building Businesses One Customer Experience at a Time www.neetchcompany.com ! ! ©!2016!Neetch!Company.!All!Rights!reserved ! INTRODUCTION Customer preference is a currency that every business seeks. While most customers do not categorize and compare their experiences by industry, when they enjoy buying a product or service, it is typical that they expect the same experience from every business they patronize.! The CUSTOMER PREFERENCE SURVEY REPORT is an annual report that beams the light on what customers expect from businesses they patronize the most. This debut edition focuses on GAS STATIONS and FAST FOOD RESTAURANTS in the metropolitan city of Lagos, Nigeria. With a population estimated at 17.5 million, the demand for petroleum products and fast food is remarkably high. This explains why there are gas stations spread across the city and noted global fast-food restaurants like Dominos Pizza and Kentucky Fried Chicken [KFC] have opened numerous outlets in the city. WHAT YOU SHOULD KNOW •! This report is a perception study that focuses on the experiences customers had while patronizing gas stations and fast food restaurants in the city of Lagos •! Neetch Company designed the questionnaire for this survey and it was administered to 260 respondents via email, social media and face to face •! Although survey questions were designed by Neetch Company, feedback contained in this report -
Fast Foods Consumption and Well-Being Degeneration in Humans
Research Journal of Food Science and Quality Control Vol. 3 No. 2 2017 ISSN 2504-6145 www.iiardpub.org Fast Foods Consumption and Well-Being Degeneration in Humans Olonilebi, Joshua Olaolu (PGDE) Department of Biology, Federal College of Education, Okene, Kogi State, Nigeria. [email protected] Abstract Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the Quick Service Restaurant. Despite the presence of economic, social and political dilemma in the country, the business continues to thrive. Fast-food eating is a dietary pattern that used to be foreign but has gradually become a part of the lifestyle of people in Nigeria especially those in urban areas. Judging from the uncontrollable rate and manner at which fast food restaurants are opening almost every day in every nook and cranny of the country, the consumption of these foods may continue to increase. An examination of the factors involved in weight gain and obesity in the developed countries is crucial for prediction about the future of countries in early stages of frequently dramatic socio- economic changes like Nigeria. This paper therefore examined the increase in the trend of consumption of fast food, the factors that lead to the increase and the effect it could have on the people. While calling for health education intervention on educating the people on how to reduce the amount of fat in the foods they consumed so that the nation would not have to start battling with health problems relating to diet like it is happening in some advanced countries. -
Shelf Prospectus
THIS DOCUMENT IS IMPORTANT AND SHOULD BE READ CAREFULLY. YOU ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS PROSPECTUS. BEFORE SUBSCRIBING, FOR GUIDANCE, PLEASE CONSULT YOUR STOCKBROKER, SOLICITOR, BANKER OR INDEPENDENT INVESTMENT ADVISER, REGISTERED BY THE SECURITIES & EXCHANGE COMMISSION (“SEC” OR “THE COMMISSION”). INVESTING IN THIS OFFER INVOLVES RISKS. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE “RISK FACTORS” COMMENCING ON PAGE 54 OF THIS PROSPECTUS EAT & GO FINANCE SPV PLC RC 1567102 (Incorporated as a Special Purpose Vehicle by Eat ‘N’ Go Limited) N15,000,000,000 BOND ISSUANCE PROGRAMME For F FOR THE ISSUANCE OF BONDS WITH MATURITIES OF 7 YEARS. THIS SHELF PROSPECTUS HAS BEEN ISSUED IN COMPLIANCE WITH THE RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE COMMISSION (“SEC” OR THE “COMMISSION”) AND CONTAINS PARTICULARS IN COMPLIANCE WITH THE REQUIREMENTS OF THE COMMISSION FOR THE PURPOSE OF GIVING INFORMATION WITH REGARDS TO THE PROGRAMME. THIS SHELF PROSPECTUS IS TO BE READ AND CONSTRUED IN CONJUCTION WITH ANY SUPPLEMENT THERETO AND ALL DOCUMENTS WHICH ARE INCORPORATED HEREIN, BY REFERENCE AND, IN RELATION TO ANY TRANCHES OR SERIES (AS DEFINED HEREIN) OF INSTRUMENTS, TOGETHER WITH THE APPLICABLE PRICING SUPPLEMENT. THIS SHELF PROSPECTUS SHALL BE READ AND CONSTRUED ON THE BASIS THAT SUCH DOCUMENTS ARE INCORPORATED HEREIN AND FORM PART OF THIS SHELF PROSPECTUS. THIS SHELF PROSPECTUS AND THE SECURITIES THAT IT OFFERS HAVE BEEN REGISTERED BY THE COMMISSION. IT IS A CIVIL WRONG AND CRIMINAL OFFENCE UNDER THE INVESTMENTS & SECURITIES ACT (NO. 29 OF 2007) TO ISSUE A PROSPECTUS WHICH CONTAINS FALSE OR MISLEADING INFORMATION. -
Kogi Journal of Management Vol
KOGI JOURNAL OF MANAGEMENT VOL. 6, No 3, October, 2020 http://kogmanjourn.com.ng P a g e | 146 Effective Management during Recession (A Study of Fast Food Restaurant in Warri, Delta State) 1Egberi Agbarha Kelvin and 2Eruteya Ernest Ejiro 1&2Department of Business Administration and Management, School of Business Studies, Delta State Polytechnic, Ozoro, P.M.B. 5, Ozoro Abstracts This paper is aimed at assessing the effect of management experience in operating a successful Fast Food outfit using selected fast food restaurants in Warri, Delta State. Survey research design method was adopted, simple random sampling was used and a total of 220 employees of selected restaurants were sampled. Multiple regression analysis was employed for the analytical purpose to review the nature of statistical significance among the studied variables. The findings show that there is a significant positive relationship between Management experience, Service Quality and performance of restaurants in Warri, Delta State. The study conclude that In the present recession state of Nigerians economic, Managers with the experience on how to improve staff productivity, make scheduling of jobs easier, make staff to perform tasks at their highest skill level, serve customers well, and understand the market trends so as to develop effective marketing and operational strategies will give the organization competitive edge over others in the industry. Therefore, it is recommended that for managers of restaurants and other food outfits to cope with the present economic realities of recession, they should be train their staff to acquire the necessary skill and experience needed for effective management, good service offered to customers to their delight. -
Consumer Trends in Nigeria's Quick Service Restaurants Industry
ciuci CONSULTING ARTICLE Consumer Trends in Nigeria’s Quick Service Restaurants Industry Overview of the Quick Service Restaurants Industry in Nigeria ciuci CONSULTING Consumer Trends in Nigeria’s Quick Service Restaurants Industry — Overview of the Quick Service Restaurants Industry in Nigeria efore the emergence of Quick Service Restaurants (QSR) also known as Fast Food Restaurants in Nigeria, small food shops or canteens were the common source of Bready to eat food. These food outlets were strategically positioned at street corners and market squares, usually selling a variety of staple food items such as rice, pounded- yam, beans, bread, fried-yam, roasted corn, along with drinks ranging from soft drinks to alcoholic beverages. However, with increased urbanisation and rising levels of disposable income, consumers gradually became more sophisticated, demanding services with higher levels of quality, greater convenience and better ambience. This trend gave rise to the emergence of quick service restaurants. Nigeria’s fast food industry experienced rapid development between 1970 and 1980 with companies such as Kingsway, Leventis and Kas Chicken leading the market. Today, the demand for ready to eat food as well as the number of fast food restaurants has increased significantly due to the lifestyle of many Nigerians that may not always allow for the luxury of home cooked meals. Tastee Fried Chicken, Tantalizers, Chicken Republic, Mr Biggs, Sweet Sensation, Mama Cass among others are now major players in the industry. Global brands such as Kentucky Fried Chicken (KFC) and Dominos have since made an inroad into the market. Nigeria’s organised fast food industry is currently estimated at N250 billion according to the Association of Fast Food Confectioners of Nigeria (AFFCON) and has grown at an annual rate of 10% over the years. -
A Comparative Study of Male and Female Perceptions of Service Quality in Fast Food Industry
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Directory of Open Access Journals 60 Economic, social,political and cultural problems of the future society A comparative study of male and female perceptions of service quality in fast food industry ~ Ogunnaike Olaleke Oluseye (Department of business studies Covenant university) Abstract: The development of technology has brought about sudden shift in the economy towards service economy. It becomes important therefore that marketers need to bring marketing principles, theo- ries, and strategies to bear in this emerging economy if they must satisfy their customers profitably. The study makes use of SERVQUAL, a research instrument developed by Parasuraman, Zeithaml and Berry to measure the impact of customer expectations on the perceptions of service quality. Three hypotheses were put forward and tested. The first hypothesis was to determine whether there was any difference between customer expectations and perceptions of fast food service. Dependent t-test was used and it was discovered that there was no significant difference between the two parameters. The second hypothesis was to deter- mine whether there was difference between male and female expectations of service quality. Independent t-test was employed and it was found that there was no significant difference between the two parameters. The third hypothesis of the study was to determine whether there was difference between male and female perceptions of service quality. An independent t-test was also used for this hypothesis and it was discovered that there was no significant difference between the two parameters measure. Based on the findings above some of the recommendations made were: 1. -
A Case Study of Kentucky Fried Chicken (KFC)
Consumer’s perception of International Quick Service Restaurants in Nigeria: A case study of Kentucky Fried Chicken (KFC) Dissertation submitted in part fulfilment of the requirements for the degree of Masters in Business Administration (International) May, 2014. Student Name: Adewale Oludare Shoyemi Student Number: 1216108 Supervisor: Dr. Ann Masterson. Word count: 19,935. 1 | P a g e Table of Contents ACKNOWLEDGEMENTS ........................................................................................................................... 7 ABSTRACT ................................................................................................................................................ 8 1. INTRODUCTION ................................................................................................................................. 10 1.1 BACKGROUND TO THE STUDY .................................................................................................. 10 1.2 THE EVOLUTION OF THE NIGERIAN QUICK SERCVICE RESTAURANT INDUSTRY ...................... 11 1.3 OVERVIEW OF KFC NIGERIA ..................................................................................................... 13 1.4 RESEARCH OBJECTIVES ............................................................................................................. 14 1.5 RESEARCH QUESTION ................................................................................................................ 14 1.6 RESEARCH HYPOTHESIS ...........................................................................................................