JFC is the parent company of Jollibee a fast-food restaurant chain based in the Philippines. Lumba shifted the business focus from ice cream to burgers, after his studies showed that a much larger market was waiting to be served.
Over the past years, JFC has been involved in numerous social projects such as feeding malnourished children in partnership with Kabisig ng Kalahi; getting children to read and love books with Sa Aklat Sisikat; promoting values to children and the youth with DepEd; and sharing blessings through the annual Christmas toy and book drive, Maaga ang Pasko.
Tony Tan Caktiong and the rest of the JFC leadership knew that to do lasting good, they had to organize their giving and make it more strategic. A paradigm shift took place: The Jollibee Group Foundation was established in Strategic business plan of jollibee philippines with a mission to invest in people and help them succeed—in the way Jollibee knows how.
This meant taking the values, the system, the tools, and the years of experience that made Jollibee what it is today and sharing it with the people they most ascribe their very successes to: Join us in sharing joy to our communities.
Risk management will provide the organization with the superior capabilities to identify, assess and manage the risks and enable the organization and its employees, at all levels, to better understand and manage risks. The Company and its subsidiaries are all in the quick-service restaurant sector.
The Company responds by observing stringent guidelines, processes and procedures in its FSC, and conducting regular and spot audits to ensure that FSC standards are maintained not only in stores but also in commissaries.
The Company has likewise instituted a system of incentives to reward excellent performance in terms of FSC by stores. The main purpose of these financial instruments is to obtain financing for its operations.
The Company has other financial assets and liabilities such as other noncurrent assets and trade payables and other current liabilities which arise directly from its operations. The main risks arising from these financial instruments are credit risk and liquidity risk.
The Company does not engage in any long-term debt and foreign currency-denominated transactions that may cause exposure to interest rate risk and foreign currency risk, respectively. The policies for managing each of these risks are summarized as follows: Equity Price Risk The Company is not exposed to significant equity price risk on its investment in quoted equity securities consisting of investment in club shares and shares of public utility companies.
Interest Rate Risk Interest rate risk arises from the possibility that the fair value or future cash flows of financial instruments will fluctuate because of changes in market interest rates. While the foreign businesses have been rapidly growing, the net assets of foreign businesses account for only Therefore, the total exposure to foreign exchange risk of the Company is still not significant.
The Company also has transactional foreign currency exposures.
Credit Risk Credit risk is the risk that a customer or counterparty fails to fulfill its contractual obligations to the Company. This includes risk of non-payment by borrowers and issuers, failed settlement of transactions and default on outstanding contracts. The Company has a strict credit policy.
Its credit transactions are with franchisees that have gone through rigorous screening before granting them the franchise. The credit terms are very short, while deposits and advance payments are also required before rendering the service or delivering the goods, thus, mitigating the possibility of non-collection.
The Company has no significant concentration of credit risk with counterparty. To manage this exposure and to ensure sufficient liquidity levels, the Company closely monitors its cash flows. Cash outflows resulting from major expenditures are planned so that money market placements are available in time with the planned major expenditure.
In addition, the Company has short-term cash deposits and has available credit lines with accredited banking institutions, in case there is a sudden deficiency. The Company maintains a level of cash and cash equivalents deemed sufficient to finance the operations. Strategic Plan Part 1 Business September 23, Strategic Plan Part 1 Strategic Plan, Part 1: Conceptualizing a Business The information that will be provided in this paper will give information about a new type of restaurant in the industry, ME Cafe.
ME Cafe with provide food for all walks of life. Jollibee, a % Filipino-owned company, is a well- known fast food chain in the Philippines. Through the years, Jollibee have developed into a company with the.
The Jollibee Group’s biggest business outside the Philippines comes from China with a share of 12% while the US contributes about 5%, Mr. Baysa said. The plan is to have its domestic business accounting for half of the business, China and US contributing 45%, and other markets chipping in 5%.
Jollibee's strong focus on issues such as product development, operational excellence, customer service, marketing and promotion, and social responsibility, and the leadership of Chairman Tony Tan Caktiong helped it become the market leader in the Filipino fast-food industry, beating all .
(Morales, ) Analysis of the factors that have to be considered when formulating strategic plans Jollibee Food Corporation: From ’s Goal: to beat and compete with McDonald’s fast food chain A strategy determines the direction in which an organization needs to move to fulfill its mission.
JOLLIBEE PHILIPPINES BUSINESS PLAN Evelyn A. Gaspar BSBA – IV AM Description of Business Jollibee is a well-known fast-food restaurant in the Philippines offering food great tasting and great value food.