Panera Bread Case Study Research Paper Example | Topics and Well Written Essays - 3000 words

Panera Bread Case Study - Research Paper Example The company has been quite fortunate to be mentioned by the Wall Street Journal as the one of the middle sized cafà © which provides excellent service and superior quality food to its customers. The management structure went through changes during the year 2007 which assisted the company to focus more clearly on the designed goals. As of 2013, Panera Bread has been operating in Canada as well as in more than thirty states and successfully delivering its authentic bread in a warm and cozy ambience by ensuring efficient service. The mission of Panera Bread is based on the concept of ‘A loaf of bread in every arm’. Panera’s aim is to emphasize much on its strategy of Bread Leadership in which they strive to offer fresh bread to savor the taste buds of its customers across the US states and Canada. The management staff at Panera is well aware of its goals and objectives and ensures that the best product, service and ambience is experienced by the customers at both company operated and franchises of Panera Bread. Freshly baked bread that is made available to all its cafes everyday serves as the differentiating feature for Panera bread and all the efforts are directed towards the achievement and maintenance of this key feature. The key strategy of Panera is to keep itself updated technologically and innovatively in such a way that it stands strongly in competition. The mission statement of Panera serves as the driving force for its strategy. Panera keeps revising and updating its menu so as to meet the organic and healthy food requirements of its customers. The price of food charged at Panera is a little higher than those of its rivals because Panera believes in delivery real quality to its customers in terms of product, ambience and service and it cannot risk this goal by offering cheap rates for customers’ attention. Strengthening the differentiation feature of freshly baked bread reaching the restaurants of Panera Bread everyday is also a key part of the

Italian Financial crisis Research Paper Example | Topics and Well Written Essays - 1500 words

Italian Financial crisis - Research Paper Example This paper aims to discuss the financial crisis in Italy. The collapse in 2008 of Lehman Brothers represents Italy’s economic emergency starting point. During the financial crises, initial stages, Italian investors and banks had suffered minimally. America’s housing market issues had as of yet to hit Italy. Financial institutions in Italy were not in possession of sub-prime bonds in large quantities. The collapse of Lehman Brothers started what was the most dramatic of phases via contracting interbank loan markets. Due to a shortage of liquidity and doubts on the borrower’s financial soundness, banks stopped lending each other money. Governments induced by the liquidity crisis lent loan support to national banks while the ECB lowered the rate of discount. Banks, however, reduced access of credit for clients in order to regain liquidity. At this point, the Italian economy became entangled in the crisis. Large banks are not many in Italy, with most operating on the regional scale (Silvia & Hana 50)1. The crisis affected these larger banks, Lehman Brother’s collapse resulting in them losing funds and from the devaluation of their assets due to the collapse of the stock market. The biggest problem, which Italian banks faced was due to its links with Eastern and Central European countries (Organization for Economic Cooperation 15)2. Since the early 90s, banks extended their branch networks to countries, which had been candidates for EU membership and Ukraine. The risk of imminent collapse in this region caused the banks to lose value on their shares due to doubts about its solidity financially. Government support helped avoid a crisis. Medium and small size banks, however, reacted via reduction of credit to consumers and clients and increasing collateral for new loans. This, in turn, caused a reduction house and machinery