Denny's Restaurant Chain Essay Example | Topics and Well Written Essays - 1250 words

Dennys Restaurant Chain - Essay ExampleThe eating places never shut down except when legally necessary. Dennys offers breakfast, lunch, dinner and salads. It was in the year 1977 that the association started its Grand Slam breakfast. In 1987, Trans World Corporation bought the Dennys and soon, in 1991, the headquarters of Dennys was moved to Spartanburg, South Carolina. Soon, Kohlberg Kravis Roberts bought a sizeable amount of share in Trans World Corporation and then, forced the ac social club to sell its many footling projects. Thus, Dennys hotel chain became its primary business. Soon, Trans World Corporation renamed itself to Dennys Corporation. Presently, the company trades under the symbol NASDQ DENN. Today, the company operates through 1600 restaurants throughout 50 US states, Canada and Mexico. In addition, in that location are 578 Dennys restaurants in japan operated by a subsidiary of Seven & I Holdings, and there are seven Dennys restaurants in New Zealand. Admitted ly, the company has a large number of special offers and gift programs that help keep the customers doglike and interested. One such activity is its practice of offering free meal to everyone who visits the restaurant on his or her birthday. Though this activity of promotion was dropped by the company in 1993, many individual franchisees even right off continue this practice. Also, the company uses the latest technology so that every time it updates its menu, its franchisees easily manage to lease the latest version in no time (Hughes Network Systems, 2011). In fact, a point that keeps the company afloat in the present diminishing economic situation is the quality and care it offers. To illustrate, the Dateline NBC conducted a thorough survey of 10 most popular dining chains in the US in the year 2004. In the survey, it was found that Dennys had the lowest number of violations of health standards. According to the company, the reason underside this success in protecting the heal th of customers is the strict adherence to Hazard Analysis and Critical delay Points. Though there arose many allegations of racial discrimination against the company, the company managed to improve its position and presently employs a considerable proportion of ethnic and minority staff. As of 2010, minorities represent 62% of the companys wide-cut workforce and 41% of the overall management. In addition, 40% of all the franchisees are owned by minorities, and well-nigh half of the Board of Directors is minorities and women. Thus, for two consecutive years, the company entered Fortunes Americas 50 Best Corporations for Minorities list (Dennys.com, n.d). Like many other major restaurants that are primarily dependent on blue-collar consumers, Dennys too has been hit by recession. For example, in the fourth quarter of the year 2008, sales fell by 6.1%. For the year, fall was 3.7%. As a result, the company stock price plunged 30.5% in a period of one year. However, Dennys was not re ady to succumb to the recession. It started aggressive plans to meet the hard times. To rip the customers in the time of recession, Dennys has adopted an aggressive strategy. The strategy is to practically give away the company. To illustrate, the company aired a commercial in February that offered free Grand Slam breakfasts to all who walk into the restaurant any time between 6 am and 2 pm, in the name Super Bowl. Admittedly, there was a rush and nearly 2 million