...across the provided companies, tim hortons, macys, komatsu, ryanair, microsoft in decreasing order. Working capital is not a useful metrics for comparison since the companies represent different industries. Looking at current ratio, Microsoft, ryanair, komatsu, macys, tim hortons, in decreasing order. * Accounts receivable may be a reliable indicator since it’s orders/accounts, ect. Inventories may be slighter difficult to fair value. For ex. Microsoft’s inventory is constantly being updated/sector specific. Or Macy’s clothing can be difficult to pinpoint. PPE especially is a challenge. Microsoft has very specific equipment where it can be valued obsolete if a new component arrives ect. Demand can dictate volume/cycle usage of PPE. * Market to book ratio? B. Compare and contrast the extent to which the companies will likely meet their short-term obligations: Based on working capital and current ratio * Ryanair – Working capital looks to be improving over the past few years, however, looking at the current ratio, it’s been steady between 1.5-2. No concern here in meeting short term obligations * Microsoft – Big jump in working capital, +56% from last year AND current ratio is at an all time high of 2.60. Looks very healthy in meeting STO from this perspective. MSFT seems to be in good hands to outlast the financial crisis and even expand. Current ratio points to a very healthy expansion prospect. * Tim Hortons – Working capital is shy of the...
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...The brand Tim Hortons is a household name to Canadians across the country. Many may even argue that it is a symbol of Canada’s national identity joining the likes of hockey, and the beaver to earn this distinction. Originally, Tim Horton’s business consisted of the specialization in coffee and donuts. As the business expanded their popularity soared, and as the result, Tim Horton’s decided to appeal to a larger portion of the market segment as they introduced items such as soup, sandwiches, and the ever popular timbit. (Tim Hortons story, 2012) The design of Tim Horton’s is through franchising. This allows a party with the assets available to own a Tim Horton’s restaurant, and continue to implement the successful business model already set in place. The rise in popularity allowed the franchise to expand to over 3200 stores across Canada and even into the United States. (Tim Hortons Corporate Profile, 2012) It has also allowed the company to be publicly traded on the Toronto Stock Exchange and is managed by the Chief Executive Officer, Paul House. He oversees and manages the entire organization and is on top of the organizational structure. As of April 2012, the company’s stock is worth 53.35 on the TSX which gives is a market capitalization of 8.3 billion dollars. (Globe and Mail, 2012) In comparison, Research in Motion Limited, a smartphone-developing giant has a market capitalization of 6.6 billion dollars. (Globe and Mail, 2012) In 2010, Canadian Business Magazine gave Tim...
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...Shaurya Dubey Tim Macbride BUS106 11/10/2011 Tim Hortons to Offer Espresso Dana Flavelle The Star It is impossible to stay in Canada over a week and not know about Tim Horton's. Timmies as it is sometimes called, is a Canadian coffee giant and arguably the most well recognized brand in Canada. Tim Horton's serves millions of Canadians everyday and their consumers have grown accustomed to their fast service and low prices. While Tim Horton's is perceived as the everyday coffee chain, it's seemingly stepping up with its announcement of selling espresso coffee. Usually sold by stores like Starbucks, espresso coffee is gaining popularity in Canada, and who better to sell it to Canadians than Tim Hortons. While Tim Hortons is already the leading coffee retailer in Canada, their introduction of espresso on their menus could do wonders for an already big company. By pricing their espresso much lower than that of it's main competitor, Starbucks, Tim Hortons has not only made their new product sound good to the consumer, but also to investors and partners. While many experienced General partners can invest in the project and risk liability, this could also open the way for limited partners who wouldn’t want to get involved with the workings of the business. Being a public corporation, Tim Hortons would be open for the general public to invest in it, and having a promising marketing plan could lead to more investors. By offering more coffee than it's main competitor for...
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...Overview – Tim Hortons Tim Hortons is a fast food restaurant franchise specializing in coffee and doughnuts. It is currently Canada’s largest fast food franchise with over 4000 stores across North America (http://o.canada.com). The franchise was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Tim Horton died in 1974, and expanded the chain into a multi-million dollar franchise (timhortons.com). Tim Hortons franchises as grown rapidly as has overtaken McDonald's as Canada's largest food service operator. The company opened twice as many Canadian outlets as McDonald's and system-wide sales also surpassed those of McDonald's Canadian operations as of 2002. The chain accounted for 22.6% of all fast food industry revenues in Canada in 2005. Tim Hortons commands 76% of the Canadian market for baked goods, and holds 62% of the Canadian coffee market (Wikipedia 2005). Tim Hortons currently employs more than 100,000 staff members to run and support its franchise (nextsteps.org). It has been a stalwart towards supporting the environment and is among the leading fast food franchise that delves into reducing waste. However, due to stores being owned by franchisees who are non- corporate related, each store varies in how strictly it follows regulations. This paper will discuss certain aspects of Tim Hortons stores that can be improved. The economic, environment...
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...MKT 2210 Draft Questionnaire for the Starbucks (1) Suppose the MDP is “How can Starbucks develop its food/snacks business further?” Based on this MDP, state the MRP. The marketing research problem is to determine consumer preferences for coffee and food items (snacks) at coffee shops. Specifically, research should provide answers to the following questions: a. What criteria do consumers use in selecting a coffee and food items (snacks) at coffee shops. b. How do consumers evaluate Starbucks and its competitors based on the identified choice criteria? c. What is the potential demand for food and snacks at coffee shops? d. What is the demographic and psychographic profile of consumers who prefer Starbucks to competitors? (2) List out what information you would like to collect using a questionnaire to help answer the MRP. a. Frequency of visiting coffee shops/Starbucks b. Price/Quality/Location c. Comparison with other coffee shops/snack shops d. Profile of respondent (3) Questionnaire: Part A In this part, we would like to ask you some questions for classification purposes. Q1. Your Gender: 1. Male ____ 2. Female ____ Q2. Nationality: ______________ Q3. Your Age: 1. 18-24 2. 25-40 3. 41-60 4. 60+ Q4. Do you like the food items that Starbucks offers? 1. Yes 2. No Q5. Do you like...
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...Tim Hortons is internationally known for their fresh coffee and doughnuts. However, Canada’s largest quick service restaurant is a lot more than just coffee and donuts, we focus on top quality, always fresh product, value and of course, great customer service. To many, their perception of working at Tim Hortons would be considered “just a minimum wage job” on the contrary we are learning the fundamentals that are key to a successful career every day. You may find yourself asking “what are the fundamental keys?” At Tim Hortons, five main fundamental keys are used every day. Tactical skills; knowing how to use the tools of your trade is very important, in this case, the coffee brewers, machines and etc. You are learning something new every day; you have to keep yourself updated with the new technology and menu items. Problem solving skills are also very important, the ability to break down a problem to its root then create solutions to solve the problem together. Negotiation is part of problem solving as not everyone agrees on everything. Flexibility is a must in every workplace; we must be open to criticism, adaptable to changing circumstances and open to learning. This mindset is a skill that is learned; it does not usually come naturally. Management and organization; team members know how to plan and manage a task and how to manage their time. They ensure that goals are being set and that everyone has an opportunity to participate. They stay focused on the task and help others...
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...Business, Finance & Economics Canadian doughnut chain Tim Hortons gets swallowed up by Burger King PRI's The World Producer Andrea Crossan August 26, 2014 · 5:00 PM EDT Credit: Peter Jones/Reuters Tim Hortons employees prepare coffee before the company's annual general meeting in Toronto on May 8, 2014. It’s been called a whopper of a deal: On Tuesday, global fast-food giant Burger King announced it would purchase the Canadian coffee-and-doughnut chain Tim Hortons for $11 billion. The buyout will create world's third largest fast-food company. Player utilities * Popout * Share 00:00 00:00 download (This story is based on a radio interview. Listen to the full interview.) The corporate headquarters of the new company will be in Canada, allowing it to take advantage of the country's lower tax rates. The US corporate tax rate is 35 percent, but it's only 26.5 percent in Ontario, Canada, where Tim Hortons is based. The company, though, has said tax avoidance was not a primary reason for the deal. The buyout has drawn mixed reactions from Canadians, according to Bloomberg News reporter Katia Dmitrieva. “Canadians are very concerned," she says. "There were a few people I spoke with [about the merger] who didn’t want to go on the record because they were so vehemently opposed to an American company buying out this [Canadian] icon, as they see it.” But this isn’t the first time Tim Hortons has merged with another large US chain. The company used to be owned...
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...Analysis Report on Starbucks & Tim Hortons Prof. W. D. Walls Javer Badruddin 10036348 Due: June 26th 2014 Introduction: The coffee and baked goods service industry has seen much competition and continues to be a promising industry in Canada. Two specifically known companies are Tim Hortons and Starbucks. Both coffee companies are popular and are able to keep up with Canadian and Global Trends. Tim Horton’s is well known across Canada and the franchise is slowly expanding into the US. The company holds a strong brand image as it is known as an iconic store amongst all Canadian consumers. As Tim Horton’s strategy is to target all Canadians, they successfully use marketing campaigns to cater to all demographics. Starbucks has established an exquisite brand and the company’s financial success is based upon how consumers value the brand reputation. The coffee company has created a unique brand identity and uses its diverse product differentiation strategies to lure consumers in. Both coffee companies grasp a product line which includes fresh brewed coffee, hot and iced espresso beverages, coffee and non-coffee blended beverages, Tazo tea, baked pastries, sandwiches and salads. As well, the coffee companies are able to accommodate seasonal products to adjust for the changing Demands. Starbucks is also slowly making way into the grocery industry as well. Both companies also have experienced both success and failure. This project will aim to analyze the similarities...
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...Tim Hortons was founded in 1964 by Miles Gilbert (Tim) Horton, a hockey player. He was born on January 12th, 1930, and died on February 21st, 1974 in a car crash. He was born in Cochrane, Ontario, but moved to Duparquet, Quebec, where he leaned how to play hockey, although he soon moved back to Ontario within a couple years. He started off playing for the Northern Ontario Junior Hockey Association's Copper Cliff Jr Redman, from 1946 - when he was fifteen - to 1947. He was then signed for Toronto Maple Leafs a year later, but he played for the Ontario Hockey Association/St Mike's Majors. He then switched to Pittsburgh Hornets in 1949, which was an American hockey league; both were Leafs' farm teams. Tim had joined the Toronto Maple Leafs in...
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...A Strategic Analysis for Tim Hortons Presently, Tim Hortons is regarded as the leading publicly traded restaurant chain in Canada. Not only is it Canada's leading quick-service restaurant brand but also the fourth largest publicly traded restaurant chain in North America based on market capitalization. They have the number one market share in breakfast and snacking day parts and a solid number two share in the lunch day part in Canada (1). However, Tim Hortons needs to pay more attention towards their growth and development into U.S. and other markets worldwide in order to become a true spearhead in their industry. Moreover, they can lessen the risks related with expansion by engaging in partnerships with other successful firms. Analysis/Rationale Although, as mentioned above, Tim Hortons is possibly the leading publicly traded restaurant chain in Canada, it enjoys its success due to its inhabitation of a much smaller market in comparison to markets in U.S., India, and China. To be the best of the lot, Tim Hortons cannot exclusively depend on a single market. In this day and age, there are solid opportunities for them to become the world’s best, through new emerging markets with high probability for huge profits. There are increasing trends of coffee drinkers in China and India, two countries with enormous fondness for Western style drinks and meals and Tim Horton's expansion in those countries will play to their advantage. That is the main reason why McDonalds, the equivalent...
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...TALON CHATELAIN 232 NAPIER ST HAMILTON, ONTARIO, L8R1S7 289-925-6801 TLNCHATELAIN@YAHOO.CA ------------------------------------------------- WORK EXPERIENCE TIM HORTONS HAMILTON, ONTARIO Cashier June 2010 - December 2010 * Assist customers by providing information and resolving their complaints. * Establish or identify prices of goods, services or admission, and tabulate bills using calculators, cash registers, or optical price scanners. * Greet customers entering establishments. * Answer customers' questions, and provide information on procedures or policies. * Maintain clean and orderly checkout areas and complete other general cleaning duties, such as mopping floors and emptying trash cans. BURRITO BOYZ HAMILTON, ONTARIO Cashier November 2012 - November 2013 * Quickly took customers’ orders in a kind manner * Assisted in opening and/or closing the store, which involved completely cleaning the storefront and back/kitchen area * Assisted baker in making pastries and baked goods * Fulfilled all orders successfully and in a timely manner, ensuring that customers left happy with the mindset of returning * Prepared all food items * Managed a team of three upon closing shifts ORLICK INDUSTRIES HAMILTON, ONTARIO Tool & Dye Maker December 2013 - August 2014 * Read and interpret drawings and specifications of tools, dies, prototypes or models * Position, secure...
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...Term Paper Tim Hortons Expansion to the US Market: What went wrong? Table of Contents Introduction 3 Company Background 4 Expanding to the U.S. 6 U.S. Competitors and Market Share 9 Issues: Competitors & Market Share 9 Leadership Issues 10 Liability of Foreignness 10 Mode of Entry 13 Current Financial Results: 2008 – 2013 (5) Year Plan 15 Tim Hortons New Plan: 2014 – 2018 ‘U.S: A Must-Win Battle’ 16 Recommendations 16 Strategies going forward 16 VRIO Framework 17 References 18 Figure 1: Michael Porter’s five forces 15 Introduction In the present day, there are multiple franchises being established and growing in the community as well as globally Tim Hortons is one of those companies. Due to their chain’s focus on top quality, always fresh products, value, great service and community leadership, Tim Hortons has made a respectable reputation for itself, it is a company that works hard to deliver superior quality products and services for guests and communities through leadership, innovation and partnerships, not only in Canada, where it all started but as well as internationally. In 1984, Tim Hortons opened its first U.S. restaurant in Tonawanda, New York, a suburban community north of Buffalo, which is just 16 kilometers from the Canadian border. (Budak, 2010) Tonawanda is close enough to Canada which gives some recognition into the new U.S. market. Companies that expand internationally can face many problems. In the U.S., Tim Hortons has built an emerging...
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...question: If what we have in common is diversity, do we really have anything in common? There are popular notions about Canadian characteristics, things recognised internally and externally as uniquely Canadian. The two traditionally considered the root of Canadian identity are the nation‟s love for hockey and its need to be distinct from America. The fast food restaurant Tim Hortons has adopted these identity markers and itself become part of the answer of what it means to be Canadian. This paper intends to explore how Tim Hortons incorporated the few accepted aspects of the Canadian identity in order to establish itself in the Canadian market. This business strategy was successful because, lacking a national identity, Canadians adopted Tim Hortons as an icon that all Canadians could relate to: rich, poor, educated, blue collar, spanning all regions, ethnicities and even political party lines. The Canadian embrace of Tim Hortons has led to the formation of new “Canadianisms” that Canadians are proud to use and be associated with. Language reflects identity and Canadians‟ embrace of Tim Hortons as part of their identity is reflected in their...
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...Temporary foreign worker program – Tim Hortons Introduced in 2002 and modified in 2007, this program allows employers to hire employees in occupations that usually require at most a high school diploma or a maximum of 2 years of job specific training. Visas maybe issued for 24 months. Employers are required to cover recruitment and return airfare costs, to ensure that suitable accommodation is available, to provide medical coverage until the employee is covered under a provincial plan and to sign an employee/employer contract. The work permit is issued with reference to a specific employer. Employees generally work in sectors such as cleaning, hospitality, manufacturing, oil and gas and construction. (Elgersma, 2007) Tim Hortons "is a company that a lot of Canadians identify with and it is very proudly a Canadian brand," says Howard Ramos, an associate professor of sociology at Dalhousie University in Halifax. "But it's also a company that is a pioneer in hiring temporary foreign workers and so for this reason I think it's important to highlight Tim Hortons as an exemplar of how the temporary foreign worker program has changed and expanded. (Davison, 2012) The temporary foreign worker program has man is a resort companies use to hiring as they will have exhausted all other avenues for finding employees locally. It is a great program mainly for foreign workers who come and work in Canada and if they like it here they can apply for permanent residency. Unlike immigrants...
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...Tim Hortons Inc. Business History Tim Hortons Inc. is mostly referred to as Tim Hortons Café and Bake Shop. It is the largest fast food service in Canada. It also has some restaurants in the USA and the Persian Gulf region. The Business has its headquarters in Hamilton, Ontario, Canada. The company was founded in 1964, by a hockey player by the name of Tim Horton and Jim Charade. It first operated in Hamilton. The company has undergone various changes in leadership since 1964. For example, Tim Horton partnered with Ron Joyce in 1967. He took over in 1974 when Horton died. Joyce expanded Tim Hortons such that by 2002, it had overtaken McDonalds as the largest fast food service in Canada. Initially, Tim Hortons only served two products; coffee and doughnuts. The company has however grown and now sells a variety of fast foods including muffins, cakes, pies, croissants, cookies, soups and chili. Some of the restaurants also serve sandwiches. The company merged with Wendy’s in 1995, expanding its business operations largely to the United States. (timhortons.com) According to the newswire, the company’s goals as of 2010 included increasing the same-store growth sales by at least 3% in Canada and 2% in the USA. The also had a goal of opening more stores, at least 130 in Canada. (newswire.ca). Their overall goal is to offer superior quality products and services for its customers and communities through leadership, innovation and partnership. The company is currently run by Paul D house...
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