Why doesn’t Waffle House advertise about its successes and the good will it has done? What demographic does Waffle House desire to cater to? Is it willing to expand outside of the South? How profitable is Waffle House? How well is its private stock doing (rate of return)? Is it worth the operating expenses to be open 24/7 (specifically during 9pm-5am)? Overall, I would consider Waffle House to be a successful company. I believe it was a smart decision that the two owners of the restaurant decided to operate the business in a private manner. The company knows how to be successful even without having the largest market share. It knows its niche market of price sensitive, but quality seeking costumers. There is a reason it is a 24/7 operating company and it is obviously profitable enough to be able to operate even in the early morning. I do believe that Waffle House is a cultural and a Southern icon. Most of its customers are habitual consumers and are local. There is obviously a stigma against Waffle House, because of it being a 24/7 diner and because menu items are relatively inexpensive. I asked my friends and family on their perspective of Waffle House, and they mostly came up with stereotypical depictions of the …show more content…
The advancement cycle is quite speedy and is a merit based system, instead of how long an individual has worked there. I believe Waffle House is a great company. I think it knows its market and does well in it. The reason I chose to do a corporate analysis on this company is based on the fact that I am actually interested in joining the company. I spoke with the recruiter at business connections and it truly seems like a place where I can learn how to operate and manage my own restaurant or business, quickly. In order to move forward, the company really needs to realize the negative perceptions of the company and turn them around. The fact that this company is a private company makes me believe it does not want to be the highest grossing or have the highest market share in its industry. If it wanted to do so, it probably would shift to the public market. The fact that it is a private company makes it difficult to predict on where Waffle House will be in 5 or 10 years down the road. It has been steadily successful in the past 60 years, so I can only imagine it will continue to be prosperous. Perhaps a little progression and evolution of the company will have to