Project Plan: Fast Food Industry and Word of Mouth Consequences

Verified

Added on  2022/12/27

|6
|721
|65
Project
AI Summary
This project plan investigates the impact of word-of-mouth (WOM) in the fast food industry, focusing on Krispy Kream UK. The research aims to determine the positive and negative consequences of WOM as a marketing tool. The objectives include understanding how WOM functions as a promotional tool and its effects on the fast food sector. The project addresses the problem of fast food companies relying on WOM for promotion, which is influenced by consumer attitudes and perceptions. The literature review highlights WOM's role in Krispy Kream's promotion and its implications, both positive (satisfaction leading to free promotion) and negative (negative experiences leading to discouraging potential consumers). Data collection relies on secondary sources, including books, journals, and online articles. The conclusion emphasizes WOM's importance for low-budget fast food marketing and its potential positive and negative impacts on businesses. The assessment uses a Gantt chart to track project activities. References include relevant academic sources.
Document Page
Project plan
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Title: Fast food industry and word of mouth - studying the consequences.
Document Page
An overview of project idea.
As per the organisational point of view Word of mouth is considering as the important aspect
on the firms ability to retain and attract the customer. However in fast food industry, word of
mouth leads a crucial role because a consumer may be unknown about the particular service in
a fast food restaurant. Thus, interested consumer are depending upon the word of mouth in
order to make significant inference about the fast food. This is thus, underlying project work is
created to determine the consequences of the word of mouth on the fast mouth industry based
on either positive outcomes and negative aspects. Krispy Kream UK has been chosen as the
prior organisation for this project assessment.
Project aims and objectives
Research Aim:
The ultimate aim of this research is “to determine the positive and negative consequences of
the word of mouth in fast food industry in UK”. A study on Krispy Kream UK.
Research Objectives.
To determine how Word of mouth works as marketing promotion tool
To find out how word of mouth affects the fast food industry
Problem Statement
Word of mouth is the oldest promotion technique which marker are using since a long. A fast
food company with limited budget heavily depends upon the WOM for their prmotion.
However, consumer word of mouth is the analysis of firm capability to acquire and retain the
potential consumer. Since, word of mouth mainly depends upon the consumer attitude and
perception, this may have positive and negative consequences on the fast food industry.
Related literature and secondary data
Literature review
Role of word of mouth in promotion of Krispy Kream UK
As per the opinion of Line, Hanks and Kim (2018), it has been determined that WOM is an
Document Page
ideal tool of promotion for Krispy Kream with their limited budget. Moreover, it has been
found that WOM is an essential tool for the fast food industry for its publicity to the consumer
who are unaware or not consume their services earlier.
Positive & negative consequences of word of mouth on Krispy Kream UK
In accordance with the views and opinions of Luo, Baker and Donthu (2019), it has been
found WOM may have positive implication when the consumer are satisfy with the services
provided by the Krispy Kream. This will add as the benefit of free promotion and more
revenue with more publicity. On the other hand negative consequences of WOM were
dependent on the individual perception. However, customer with negative experience can
spread negative sentinmens about the firm, thus this will discourage the other potential
consumer from trying the product and services.
Data Collection:
The presented research study is based on secondary data finding via the usage of book, journal,
online article etc.
Conclusion and assessment type
As per the discussion, it has been concluded that WOM is an ideal tool for the marketing of
low budget fast food compaby. Moreover, the implication of WOM can leverage both positive
and negative aspect which can affect the business of Krispy Kream UK.
Assessment type
For the assessment of the project, Gantt chart is put to use by the investigator to gain
knowledge of the various activity of the report finding.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Document Page
REFERENCES
Books and Journals
Line, N.D., Hanks, L. and Kim, W.G., 2018. An expanded servicescape framework as the
driver of place attachment and word of mouth. Journal of Hospitality & Tourism
Research. 42(3). pp.476-499.
Bujisic, M., and et.al., 2019. It’s raining complaints! How weather factors drive consumer
comments and word-of-mouth. Journal of Hospitality & Tourism Research. 43(5).
pp.656-681.
Luo, A., Baker, A. and Donthu, N., 2019. Capturing dynamics in the value for brand
recommendations from word-of-mouth conversations. Journal of Business
Research. 104. pp.247-260.
chevron_up_icon
1 out of 6
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]