Company Analysis Famous Brands - Free Essay Example

Sample details Pages: 6 Words: 1909 Downloads: 2 Date added: 2017/06/26 Category Marketing Essay Type Analytical essay Did you like this example? Bibliography www.famousbrands.co.za/ (15 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) www.famousbrands.co.za/downloads/report/annual_report_2014.pdf (20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) www.famousbrands.co.za/brands/steers.php (20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) What is Famous Brands? Famous Brands Ltd is an investment holding company listed on the JSE Securities Exchange under the category Cyclical Services: Leisure amp; Hotels. The company is an integrated food and beverage company whose primary activities include the franchising of trademarks, either company owned or licensed, to Quick Service Restaurant franchises and the manufacture and supply of products to these franchisees and the retail trade. . Don’t waste time! Our writers will create an original "Company Analysis: Famous Brands" essay for you Create order History of Famous Brands Famous Brands was started in the 50à ¢Ã¢â€š ¬Ã¢â€ž ¢s by a family called Halamandaris (well thatà ¢Ã¢â€š ¬Ã¢â€ž ¢s their actual name, but were referred to as Halamandres because of a mistake by an immigration official). The family had just 50$ between them and wanted to work hard to achieve something. An idea that was to pave the road of success for this family in the 1960à ¢Ã¢â€š ¬Ã¢â€ž ¢s was by George, one of the brothers, to give Johannesburg an American style steakhouse by the name of Steers. Steers was a huge success and because of this many more restaurants were opened and franchising was introduced to the South African market. Unfortunately at the end of 37 years of hard graft the familyà ¢Ã¢â€š ¬Ã¢â€ž ¢s combined stake in the business only amounted to R35 à ¢Ã¢â€š ¬Ã¢â‚¬Å" R 40 million. The family wanted more than just a family business and so they turned to a man by the name Kevin Hedderwick (now currently the CEO of Famous Brands). Hedderwick joined what was then known as Steers Holdings as MD and revolutionised the business, turning it into a South African franchising giant. The five core members, Panayiotis, Theofanis, Periklis, John and Babis took the company public on the Johannesburg Stock Exchange on 9 November 1994 with a share price of R1. Then in August 2012 the company hits a share price of R74. From one store worth very little to over 2,000 stores and a company worth in excess of R6 billion. Every brand held by Famous Brands Limited is the leader in their category. Famous Brands is in fact so successful that they were voted as the first and overall winner in the Financial Mail Top 20 Companies. Famous Brands is today Africaà ¢Ã¢â€š ¬Ã¢â€ž ¢s biggest quick service and casual dining restaurant franchisor and also has representation in the United Kingdom. The global footprint of the group stands at more than 2 000 franchised restaurants spread across South Africa, 16 African countries and the United Kingdom. Following their already successful journey, the stock price hit R100 in August 2013 and is now as of April 2015 sitting at R122.00. The company owns many businesses, but their claim to fame and biggest mainstream brands include: Steers, Wimpy, Debonairs Pizza, FishAways, MB, Keg, Oà ¢Ã¢â€š ¬Ã¢â€ž ¢Haganà ¢Ã¢â€š ¬Ã¢â€ž ¢s and Milky Lane. Swot Analysis No business can be truly successful unless they have undergone a SWOT analysis which aims to illustrate the strengths and weaknesses of the business as well as the opportunities and threats present. Strengths: First and overall winner in the Financial Mail Top 20 Companies The company has strong ethical values which allows trust, integrity and honesty within the business. Profits are more than adequate to grow the business. This is certainly the case for Famous Brands, they are a spiral of upward success. The symbol à ¢Ã¢â€š ¬Ã…“Famous Brandsà ¢Ã¢â€š ¬Ã‚  is immediately recognised and trusted by customers. Competent planning means that there is always time for creative thinking and organisation Weaknesses: Business could become too dependent on Kevin Hedderwick Solution: It is important that every member of the business takes equal amount of responsibility. This will ensure smooth flowing and effectiveness within the business. Size and scale of global business Making it hard to control standards and quality Solution: This is actually a positive as it means the business is operating outside of its local barrier. The one thing that could be done in this case is having more members to make the global issue easier. The need for low cost products This needs to be balanced in order to produce good quality products. Solution: There is a need for low cost products amongst customers. This needs to be balanced, the business has to charge a reasonable amount so that they can make a profit whilst keeping customers happy with a price they are happy to pay because they know they are paying for quality. Differentiation of products from competitors à ¢Ã¢â€š ¬Ã¢â‚¬Å" it is hard for the business to continually differentiate themselves in a market which has many similar competitors Solution: To have workers that are extremely creative and innovative; always 5thinking of new ideas to spark life into their products. Future competition à ¢Ã¢â€š ¬Ã¢â‚¬Å" Famous Brands has no control of new arrivals in the market, this could pose a threat to the profitability of the company Solution: nothing can be done about this, the business has no control. The best way to compete with this is to have a positive mind set and only focus about your own business. Opportunities: Kevin Hedderwick is an experienced entrepreneur and is the CEO of Famous Brands. The company is in good hands If proper market research is conducted, it will give the company a good idea of what they can do to improve their business as well as what their competitors are doing. Global business à ¢Ã¢â€š ¬Ã¢â‚¬Å" companies oversees owned by Famous Brands are a healthy flow of income. This also raises company popularity Innovative business culture à ¢Ã¢â€š ¬Ã¢â‚¬Å" have a culture within the business that allows for innovation and creativity to assist in staying on top of market trends and adapting to external factors to help the business thrive New products which are better than competition products Threats: Growing competition New entrants to the market who are selling the same good quality products Solution: Ensure that your business is the best. Make sure that there is a strong ethical value within the business. But most importantly, treat your customers with the utmost respect. Rising cost of raw materials à ¢Ã¢â€š ¬Ã¢â‚¬Å" the business will be nowhere without the raw materials and if the price of those is rising, the company will lose money Solution: Try find a store that sells fresh produce at a reasonable price. But keep in mind, one must never substitute quality produce for a cheaper price. Market demand à ¢Ã¢â€š ¬Ã¢â‚¬Å" shift in consumers tastes. Consumers might get à ¢Ã¢â€š ¬Ã‹Å"overà ¢Ã¢â€š ¬Ã¢â€ž ¢ a particular taste (in this case a particular style of fast food) and switch to a competitor. Solution: This is a tough one. Because the reason you are successful is because of the original taste of your products. So changing this up may repel customers and send them to your competition. Famous Brands, like any business, will have competitors. Theirs are as follows: KFC McDonalds Spur Kauai Chicken Licken Burger King Nandos Romanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Pizza Scooters Pizza Something Fishy Corporate Governance Famous Brands have certainly incorporated Corporate Social Responsibility as part of its corporate governance. CSR is all about getting businesses to move toward an involvement approach of giving time, skills and effort to improve the lives of other people. Famous Brandsà ¢Ã¢â€š ¬Ã¢â€ž ¢ corporate governance and sustainability is presented to show its shareholders how the company: Applies the principles of good corporate governance Manages risk Considers its ongoing sustainability Invests in the wellbeing of its people and society Just as an example of good CSR, Steers, a business owned by Famous Brands save a portion of their dough that is not used and bake it into bread to give to the poor and homeless. This is but a small example of where Famous Brands has initiated CSR and proves that they invest in the wellbeing of its people and society. The business itself competes quite well with its competitors and it clearly shows that their customers are loyal and respectful. Ethical Financial Reporting Financial reporting is the process of producing statements that disclose an organizations financial status to management, investors and the government. This section talks about whether or not Famous Brands implements ethics into their financial reporting. Financial Reporting 2014 Revenue Up to 8% to R1674 million Operating profit Up 17% to R305 million Headline earnings per share Up 29% to 206 cents Cash generated by operations Up 25% to R346 million Return on equity for 2014 Is 36% Code of ethics / Code of Conduct Code of Conduct Compliance with laws and Regulations Employees must follow applicable laws, rules and regulations at all times. Employees with questions about the applicability or interpretation of any law, rule or regulation, should contact the Legal Department. The Code of Business Conduct of Famous Brands serves to guide the actions of the employees consistent with the Company values. The Code helps the people do the right thing and play by the rules wherever they operate around the world. Conflict of interest A Conflict of Interest occurs when personal interests of an employee or the interests of a third party compete with the interests of Famous Brands. In such a situation, it can be difficult for the employee to act fully in the best interests of Famous Brands. Employees shall avoid Conflicts of Interest whenever possible. If a Conflict of Interest situation has occurred or if an employee faces a situation that may involve or lead to a Conflict of Interest, the employee shall disclose it to his or her Line Manager and/or the HR or the Legal or Compliance Function to resolve the situation in a fair and transparent manner. Code of Ethics A guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organizations core values and the standards to which the professional will be held. The main relation that Famous Brands has to ethics is that it must teach and educate the employees of the company on what is seen as ethical behaviour and what is not. The Company has a system in place where all new employees are required to pass a test. The test is very simple, but yet again ethics is not something difficult to grasp it is merely the correct way to act and behave when invo lved in the business environment. All new employees are required to pass the test before they are allowed to begin working for the company. Famous Brands also has a system in place that makers certain that existing workers of all levels act in an ethical way when conducting themselves in the Famous Brands business environment. The system also ensures that that all customers feel happy and comfortable when deciding to consult or support the Famous Brands Business. Sustainability With regards to the above information and the timeline, I believe Famous Brands is a sustainable business and if they keep going the way they are they will most certainly improve their reputation and continue to grow and develop under the watchful and controlling eye of Kevin Hedderwick. Business sustainability is often defined as managing the triple bottom line a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. Famous Brands manages their financial, social and environmental risks and obligations and opportunities. It is because of this that I am in favour of Famous Brands being a sustainable business. I believe they will be around for a long time if they carry on the way they are. Timeline of Famous Brandsà ¢Ã¢â€š ¬Ã¢â€ž ¢ Milestones

No Killing of Animals, Live in a Vegatative State - 788 Words

We walk happily through the supermarket isles browsing for the best price on a piece of fresh flesh. Bring it home and smother it in spices and sauces to make it appetizing and devour the juices on a daily basis. Every time we sit down to eat our favorite chicken sandwich we are consuming the bodily remnants of an animal, a creature that once had life but never any rights. Thus, eliminating the consumption of meat is the only logical way forward as a vegetarian diet considerably improves one’s health, benefits the overall environment and greatly lessens the suffering of animals worldwide. Being a vegetarian is beneficial to all aspects of life and is the only morally reasonable way to live life. Killing animals to simply fulfill our excessive gastronomic urges is not only immoral but also appalling. Meat consumption is and has never been necessary for optimal nutrition. There are many diseases associated with the consumption of meat and animal products including: cancer, heart disease, stroke, osteoporosis, diabetes, and obesity among many others. Alternatively, many plant-based diets are proved to be healthier and are able to aid in reduce or even eliminate some of the risks. According to statistics from the United Nations Food and Agriculture Organization, 1.45% of overall human deaths are caused by meat eating. This is due to all the antibiotics, hormones, and pesticides that are remained in the human body after the consumption of meat products. Moreover, meat

Arthur Millers personal experience Essay Example For Students

Arthur Millers personal experience Essay All of the above suggests that authorities in Salem are corrupt and unreasonable. They pressurised the victims and twisted and turned what they said into another matter. People like Danforth take advantage of the authority they had. This is because he used his power to accuse the innocent and make their lives a living hell. The good people are helpless and without power so they have no say for example Nurse Rebecca. In the town of Salem authority is a virtue. The final way in which act 3 can be interpreted as an attack on the severity of the authorities is by Arthur Millers personal experience. When Miller wrote this play there was a cold war going on between the U.S.A and U.S.S.R. Arthur Miller himself was on trial and jus like in The Crucible he was asked to name names or else. The authorities in 1950s America pressurised him and twisted and turned whatever he said and the authorities were very similar to Salem. The purpose of writing The Crucible was so that Miller can show what happened in the courtroom and convey how the authorities pressurised and questioned the people on trial and also to show what happened during the McCarthyism period. The first way the extent to which this courtroom scene presents innocent characters risking their lives in order to tell the truth is an attack on the injustice of Salem as well as 1950s America is conveyed through the feelings and emotions of Arthur Millers characters. We see the love and passion of Proctor and Francis for their wives. The pair of them are prepared to risk their lives for their wives. The courage, bravery and determination of the men get the authorities listening and for once take in what they are saying rather then pressurising them and tricking them. The audience at this stage of the scene would have a lot of sympathy for two because they are putting their lives at risk to save someone that they love dearly. The audience would feel sorry for them and most probably hate the authorities! This again can be interpreted as an attack on elements of society because it shows that the judges were unfair and that innocent people like Francis and Proctor were prepared to put it all on the line for their beloved lives. For example when Giles Corey the husband of Martha Corey presents his case he talks in helpless sobs the effect this has on the audience is that he is ever determined to save and get his wife back and he has realised the mistake he has made. This again can be interpreted as an attack on elements of society because the innocent characters are risking their lives in order to tell the truth to the town that its the girls that are lying. This shows that the authorities are so cruel, callous and inconsiderate that Proctor and Francis are pleading and crying for the court to only listen to the truth and only the truth. Secondly Danforths reaction to the plea of Francis Nurse is a blatant shock. He takes the comments made by Francis that the girls are a lie and fraud and also the girls are a threat to Danforth. Danforth then asks do you know who I am? and then goes onto to state that he has jailed near to four hundred and condemned seventy two by saying this he is making his presence felt and also is mocking Francis like he doesnt know who he is. By stating the figures and facts it shows that he is a big man and a man with lots of authority and if he isnt careful he maybe next. It may also suggest that no Nurse is going to influence his decision because if he does call of the trials out the blue hell be a laughing stock and his reputation and his loyalty will be in tatters. Personally I think hes trying to avoid the embarrassment rather then convicting the people that are guilty. .uc18197255830ddaab3d693d5f5656c92 , .uc18197255830ddaab3d693d5f5656c92 .postImageUrl , .uc18197255830ddaab3d693d5f5656c92 .centered-text-area { min-height: 80px; position: relative; } .uc18197255830ddaab3d693d5f5656c92 , .uc18197255830ddaab3d693d5f5656c92:hover , .uc18197255830ddaab3d693d5f5656c92:visited , .uc18197255830ddaab3d693d5f5656c92:active { border:0!important; } .uc18197255830ddaab3d693d5f5656c92 .clearfix:after { content: ""; display: table; clear: both; } .uc18197255830ddaab3d693d5f5656c92 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc18197255830ddaab3d693d5f5656c92:active , .uc18197255830ddaab3d693d5f5656c92:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc18197255830ddaab3d693d5f5656c92 .centered-text-area { width: 100%; position: relative ; } .uc18197255830ddaab3d693d5f5656c92 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc18197255830ddaab3d693d5f5656c92 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc18197255830ddaab3d693d5f5656c92 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc18197255830ddaab3d693d5f5656c92:hover .ctaButton { background-color: #34495E!important; } .uc18197255830ddaab3d693d5f5656c92 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc18197255830ddaab3d693d5f5656c92 .uc18197255830ddaab3d693d5f5656c92-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc18197255830ddaab3d693d5f5656c92:after { content: ""; display: block; clear: both; } READ: "Please Be Honest With Me Even If It Hurts Me EssayHowever Danforth isnt all harsh and hard because he does listen to Giles when he is speaking. Danforth at this moment is silent which shows that he has some respect. This can be interpreted as an attack on elements of society because it shows how corrupt the authorities were and also that they arent fair but biased. This maybe because if they are seemed to be judging wrong this could lead to him being stripped of his title Judge and again be hated for the trouble he has caused. It shows that the judges like Danforth cared more bout their name in the society rather then finding out the real culprits and thats the girls. In act 3 Parriss role is to agree and go along with the judges decisions and he is also interfering and creating more trouble and havoc for the people on stand. We know this because hes always cutting in and saying Beware this man and this man is mischief. This jus proves he is siding with the girls and when he says these lines Proctor is on stand and wants him to be hanged. The shocking thing is that a religious man of his calibre a Reverend is siding with the girls and judge but yet a high religious man like him doesnt see the truth. To me Parris is evil because a person of God is meant to help out people especially in this case but he doesnt, where as the other reverend Hale is supportive and tries to get both sides of the story to come an conclusion In act 3 Hale realises that everything is a lie and that the witch trials are not right, and accusations are being made to people that are really innocent and the result is that they are being punished. Reverend Hale goes that there is a prodigious fear of this court. By saying this hes trying to interpret that innocent people in Salem are being hanged. Take for example Giles in act 3. He refuses to name names of the source of information because he knows that if he does grass the source the authorities will immediately go after the source and will be put on trial. This again can be interpreted as an attack on elements of society because it shows that no one could tell the truth and shows how religion can make the authorities stronger. In act 3 Mary is probably the most disturbed and emotional character in the scene because she is faced with a dilemma that makes her change her decision back due to the pressure that being put on her by John Proctor. Proctor takes Mary to the court to confess that the girls are lying and only pretending. He tells her to tell the truth by saying do that which is good. But the two judges Hathorne and Danforth again pressurise Mary and talk her into saying that Proctor had threatened her to say that the girls were lying because of the sudden change in her decision. But we know that Proctor didnt. It was Abigail, the leader of the girls put pressure on Mary by imitating and copying what she says. From this we can tell that Mary was pressured on telling the truth or either goes with Proctor or the girls and this wasnt an easy decision. If Mary confessed that Abigail and the girls were lying she wouldnt be popular with the girls and be hated especially by Abigail. On the other hand Proctor knew exactly what the girls were trying to do and that was lying.

The Synthesis of Zinc Iodide (ZnI2) an Example of the Topic Science and Technology Essays by

The Synthesis of Zinc Iodide (ZnI2) Zinc iodide, ZnI2, is a while (hydrated) or yellow (dry), granular, odorless, hygroscopic (absorbs water in the atmosphere) solid compound that is soluble in water (1g:0.3 mL water). It turns to brown when exposed to heat or sunlight, showing decomposition with release of iodine gas (DeMeo, 1995, p. 836). It is extensively used in the laboratory to illustrate the Law of Definite Proportions and Law of Conservation of Mass, two of which are the foundations of chemical reactions and basis of stoichiometry. Need essay sample on "The Synthesis of Zinc Iodide (ZnI2)" topic? We will write a custom essay sample specifically for you Proceed Students Very Often Tell EssayLab professionals: I need to write a 500 word government and law essays. But I don't have the time EssayLab writers recommend: Buy An Essay Which Will Lead You To Your Academic Success Custom Papers OnlinePaying For PapersCoursework Writing Service A balanced chemical equation best describes how many atoms, molecules, or charged species come in contact to produce certain product, but does not illustrate the mechanism of the reactions. Reactant are driven by e.g. exposure to heat, air, or by just mixing them up, etc. to proceed reaction. The amount of product formed is based on the quantity of the reactants and how well the reaction was taken out. One of the reactants can be the limiting reactant, which is consumed in the course of the reaction, and the other one is the excess. Reactants are of known initial quantity and measured for the change in amount after a successful reaction has been performed. The masses of the reacted species are relative amounts required for complete reaction met. The chemical or physical properties of the reactants should no longer be observed in the product, which can be further verified by physical, chemical and electrochemical tests. 0.5g sample of iodine (I2), 2mL H2O and four drops of CH3COOH were mixed in a large, clean test tube. H2O was added for the immediate addition of the same mass of the Zn metal, whereas CH3COOH (a weak acid) was used to prevent the formation of Zn(OH)2. ZnI2 reacts with H2O via a double displacement reaction mechanism (Demeo, 2003, p.797): ZnI2(aq) + 2H20(l) -> Zn(OH)2(s) + 2H3O+(aq)+ 2I-(aq) Careful weighing of the reactants was done to avoid errors. The mass of the Zn weighed before the reaction was above 0.5g, which is 0.510g. Observed in the reaction mixture upon agitation was the gradual loss of color of iodine (reddish-brown) as the reaction progressed. Since the Zn metal was used as the excess reagent, iodine was expected to be totally used up in the reaction. To obtain the un-reacted Zn metal, a gravity filtration was performed. Quantitative transfer was employed by washing with very minimal amount of water to facilitate faster evaporation as the dry, un-reacted Zn was weighed in a watch glass later on in the procedure. It was noted that all the washings should also be quantitatively obtained since there were dissolved Zn species in it. The amount of Zn left was measured to be 0.348 g, giving the amount of Zn consumed to be 0.162g. On the other hand, the amount of I2 consumed was 0.503g. These values were used in the determination of mole equivalents and the mole ratio as shown in the computations in the results portion. ZnI2 was recovered through medium heat evaporation which prevented losses due to splattering as excessive heat is applied. Cooling down the weighing vessels was first done to avoid also the lowering of the mass to be measured as the air below the weighing vessel may push it upwards because heat can push the air up. The moles of Zn and I2 were used in the computation of the theoretical yield. The percent yields from Zn and I2 were found to be 39.8% and 47.2% respectively. A positive error that was also avoided was the entrapment of water during evaporation. It might seem confusing but as crystallization happens during the evaporation, water may be trapped underneath the bulk of the ZnI2 crystals. It was also confirmed that dehydration has properly taken place by heating back the crystals and checking if the weight has lowered. Although the crystals may look dry, water of hydration may still be present, making the species be called hydrates (salts with water molecules in their crystalline structure). A chemical equation that can be proposed based on the experimental results would be: Zn(s) + I2(s) - Znl2(s) Since both used approximately 0.002 moles each, which would give a ratio of 1:1, thus we can write the balanced equation as such. An error that cannot be avoided in the experiment was the absence of the previous knowledge on the quality of reactants that may affect its reactivity. Factor such as contamination may lead to the wrong computation of the theoretical yield. Also, while weighing the I2 crystals, a negative error might occur because the I2 crystals sublime, making the amount of the limiting reactant less than what was weighed, since the some of the crystals have already been converted to gas. References DeMeo, S. (1995). Synthesis and Decomposition of Zinc Iodide: Model Reactions for Investigating Chemical Change in the Introductory Laboratory. J. Chem Educ., 72(9), 836. Demeo, S. (2003). Synthesis and Decomposition of Zinc Iodide Revisited. J. Chem Educ., 80(7), 796.