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Shri Vaishnav School of Management SESSION:-2020-21 Topic:-Domino'S Submitted By:-Submitted To
Shri Vaishnav School of Management SESSION:-2020-21 Topic:-Domino'S Submitted By:-Submitted To
INDORE
Monaghan announced his retirement in 1998 after 38 years with Domino's Pizza.
Monaghan sold 93 percent of the company to Bain Capital for about $1 billion.
HISTORY
1. In 1960, Tom Monaghan and his brother, James, took over the operation of
DomiNick's, an existing location of a small pizza restaurant chain that had been
owned by Dominick DiVarti, at 507 Cross Street in Michigan.
2. The deal was secured by a $500 down payment, and the brothers borrowed $900
to pay for the store.
3. Within eight months, James traded his half of the business to Tom for the
Volkswagen Beetle they used for pizza delivery.
1. By 1965, Tom Monaghan had purchased two additional pizzeria n now had three
locations in the same county.
2. Monaghan wanted the stores to share the same branding, but the original owner
forbade him from using the DomiNick's name. One day, an employee, Jim Kennedy,
returned from a pizza delivery and suggested the name "Domino's. ]Monaghan
immediately loved the idea and officially renamed the business Domino's Pizza in
1965.
3. Domino’s Pizza opened its first franchise location in 1967 n by 1978, the company
expanded to 200 stores.] In 1975, Domino's faced a lawsuit by Amstar Corporation,
the maker of Domino Sugar, alleging trademark issues and unfair competition. On
May 2, 1980, the Fifth Circuit Court of Appeals in New Orleans found in favor of
Domino's Pizza.
LOGO OF DOMINOS
Domino’s first logo was designed in 1965 by JIM KENNEDY. The squares on the logo
make on think of a pizza box. The three dots stand for the first three Domino’s
restaurants. In 2012, Domino’s introduced a new logo that removed the blue rectangle
and text under the domino in the logo, and changed the formerly all-red domino to be
blue on the side with two dots and red on the side with one dot. This was done
because the company wanted to "expand" menu choices rather than simply rely on
their traditional pizza.
INNOVATIONS
1. In 2007, Domino's introduced its Veterans Delivering the Dream franchising
program and also rolled out its online and mobile ordering sites.
2. In 2008, Domino's introduced the Pizza Tracker, an online application that allows
customers to view the status of their order in a real time progress bar.
3. In a 2009 survey of consumer taste preferences among national chains by Brand
Keys, Domino's was tied with Chuck E. Cheese's. In December that year, Domino's
announced plans to entirely reinvent its pizza. The new pizza was unveiled that
same month.
4. In 2011, Domino's launched a billboard advertising in New York's Times Square which
displayed real time comments from customers, including good, neutral and bad comments.
5. In 2015, Domino's unveiled a "pizza car" that can carry 80 pizzas, sides, 2-liter bottles of
soda, and dipping sauces. Officially named the Domino's DXP, the car is a Chevrolet Spark
customized by Roush Performance.
6. In 2016, Domino's cooperated with Starship Technologies and applied self-driving robots to
deliver pizzas in German and Dutch cities.
7. In February 2017, Domino's launched a wedding registry with gifts delivered in the form of
Domino's gift cards. Customers have the option of signing up for Domino's pizza package to
be served for the event.
STRATEGIES ADOPTED
1. Target Audience
The main target audience of Domino’s fast food franchise in India is between 18-35 in
demographics. The target audience for Domino’s digital marketing strategy is the larger
portion of people who would end up buying a pizza with or without a reason. People
between this age group have smart phones and spend hours of their day on social apps who
also constantly look for discounts and offers which are offered by Domino’s India.
2. Domino’s Digital Marketing Strategies
Domino’s undertakes a whole variety of digital marketing activities wherein they take
care of SEO, SEM, SMM, and a lot of other things. EXPLAINED UNDER:
• Arrival of Bigwigs
Looking at the great potential in the food delivery market, flourished companies
are already stepping into the industry. Big names like zomato and Uber are all set
to compete for the market. Old players of the food industry like Pizza Hut,
Starbucks, and McDonald’s are popping up in the competition too. They have
existing financial & operational resources required to meet market demand as well
as combat the competition coming their way. It is difficult for smaller and
independent food delivery setups to retain their position in the market.
INTERNATIONAL EXPANSION
1. On May 12, 1983, Domino's opened its first international store, in Canada. That
same year, Domino's opened its 1000th store, its first in Washington.
2. In 1985, the chain opened their first store in the United Kingdom. Also, in 1985,
Domino's opened their first store in Tokyo. In 1993, they became the second
American franchise to open in the Dominican Republic.
3. By 1995, Domino's had expanded to 1,000 international locations. By 2014, the
company had grown to 6,000 international locations and was planning to expand to
pizza's birthplace, Italy; this was achieved on October 5, 2015, in Milan, with their
first Italian location.
4. In February 2016, Domino's opened its 1,000th store in India. [20] Outside the
United States, India has the largest number of Domino's outlets in the world.[21]
REASON BEHIND SUCCESS
Customizing the menu for Indian palettes & culture
Social & Customer Engagement
Aggressive Store Expansion
They are the Fan Favorite on Social Media
30 Minutes or Free
Focus on Mobile Ordering
REWARDS FOR THE WORK
Golden Peacock National Training Award
National Award – Excellence in Customer Service
Food Service Retailer of the Year
Star Retailer of the Year Award
Coca Cola Golden Spoon Award
CONCLUSION
In this highly competitive market the success of a company totally depend upon the
creative ideas and innovations they adopt. Not every start up rises some of them fails
also. All the startups should strategies for their growth.
Dominos not only maintained their quality food but also walked on the path of
improvement.
Every startup company should wisely choose the marketing strategy for themselves
because the growth and the profit totally depend upon this.
Target audience, services are various factors which affect the company’s image but
adaptability is the most important pillar for a new born company as it means changing
with the changing trend.