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Analysis on KFC’s Business Model in China
- 1 Knowledge-First Empowerment Academy
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Abstract
In China, in addition to KFC and McDonald's, there are numerous new Chinese fast food restaurants, such as Mr. Rice, Xiangcun Ji, Real Kung Fu, etc. In China, however, KFC has done a much better job of "adapting to the local cuisine and implementing numerous adjustments" than McDonald's. Therefore, Chinese fast food has much to learn from them. This study will employ three methods of research: comparative analysis, survey method, and case study. The study explains why KFC performs significantly better than McDonald's in China, both in terms of revenue and number of locations. The paper analyzed several business strategies that can be taught from KFC's business model in order to make China's new fast food as global as KFC. The paper demonstrates to the viewers how to use KFC's superior marketing techniques to Chinese fast food and turn it into a global chain. The paper will provide some suggestions for these fast food restaurants in becoming more international and expanding their number of stores, as well as teaching them how to apply marketing strategies to increase their revenue.
Keywords
Chinese fast food, KFC, McDonald’s, marketing, chain store
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Cite this article
Lai,Z. (2023). Analysis on KFC’s Business Model in China. Advances in Economics, Management and Political Sciences,19,8-13.
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Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development
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