1. Jamba Juice should compete first by obtaining a sustainable advantage. Jamba Juice should transform its chain through re-franchising their existing stores that are already there, and the other option would be to expand its store locations, which in return will increase its brand awareness and reach customers better. Also, by expanding their store locations they should look into growing store locations internationally. Another would be expanding the Jamba Juice product line, such things as possibly
Jamba Juice Jamba Juice was founded its first store in San Luis Obispo, California, in April 1990 by Kirk Perron, but it popularity at the mid-to late 1990s. In 2008, James White become CEO and president, after then, he instituted some strategic priorities and success. In 2010, the company had 743 locations consisting of 351 company owned and operated stores and 392 franchise stores. The fiscal account the company had over $260 million in revenue in 2010. Even it had $260 million revenue it still
Jamba Juice Chapter 1 Stakeholders: The stakeholders are relieved with the change in current strategy as it has resulted in a positive net income after some time. These stakeholders include the suppliers, employees and firm’s board of management. Vision: “Jamba Juice’s vision is to establish an organization that heartens the daily experience of the community, the firm’s customers and the firm through the self-nourishing qualities of vegetables. The idea is to have clients leave the company’s stores
Conduct an environmental scan for Jamba Juice as it considers a new juice bar to open near your university. Identify factors that you think have an impact on the juice bar market, and indicate whether these factors would tend to enhance opportunities or represent threats. After conducting an environmental scan for a new Jamba Juice location near a local university, the factors that I’ve found that may have an impact on the market are as follows: • Low competition • Location • Demographics • Weather
1. Executive Summary Jamba Juice is a chain with over 755 restaurants in the United States providing healthy and fresh products such as juices, smoothies and nutritious snacks in the food and drink industry. This report will focus on the strategic plan of the company by analysing the internal and external business environment to highlight the brands strengths and weaknesses. The internal environment focuses on the resources and competencies of the organization whereas the external environment which
Threat of Buyer: The bargaining power of Jamba Juice buyers is important because they have significant impact on the Jamba Juice Company annual revenues therefore Jamba Juice is always working to keep its customers happy and think of ways to attract even more customers. The growing numbers of informed customers within the market is increasing the power of buyers to influence prices. The informed customers are aware of the existence of competing and substitute products and can use this information
Jamba Juice is a successful company with 700 stores nationwide, competing in a rapidly growing market. A leading factor to the success of the company are from its internal strengths. Jamba Juice is a popular brand with their stores distributing nationally. The company is well known, being considered the leading establishment in the smoothie market. Kirk Perron, the owner of the company, believes that in the near future, Jamba Juice will be as big of a name as Coca-Cola. Also, serving an alternative
Jamba Juice, a smoothie bar, is considering opening up a new location in Oshawa near the UOIT campus. Jamba Juice sells the idea of healthy smoothie drinks and other healthy items. They are the middle man between a snack and fast food. They market to a young crowd around 15 to 25 years of age. Because of a large health movement within the last couple of decades this brand has been successful in selling their brand. They have become very successful around places of youth such as universities and colleges
Jamba Juice Jamba Juice is a specialty beverage company that offers smoothies, juices, hot teas, and flatbreads, breakfast wraps, baked goods, and coffees (Jamba Juice, 2014). Jamba Juice also sells healthy and natural products that consumers can buy at grocery stores and other retail outlets. These products include smoothie kits, energy drinks, trail mix, novelty bars, and fruit chips. It was founded in 1990 and has stores in the United States as well as Mexico, Canada, the Philippines, and South
Jamba Juice is a famous drink company such as a variety of drinks to produce by Jamba Juice. In 1990, Jamba Juice was established by Kirk Perron with his three friends in California. Before this company who made up a small drink club in San Luis Obispo. Furthermore, a lot of America drink companies was purchased by Jamba Juice. Due to the fact that Jamba Juice company development to fast. Moreover, Jamba Juice had lots of subsidiary company spread all over the world. As we all know, Jamba Juice to
Jamba Juice was the vision of Kirk Perron who was into living a healthy lifestyle, in 1990 after his workout while enjoying his smoothie he came up with the idea to start this business venture. Next, he went to the bank in hopes of getting the needed funds for his startup venture. However, the banks refused to loan him the funds to start his venture. Then Kirk Perron decided to ask his mother for a loan to get him started she agreed. Hence in 1990, he opens his first store formerly called the Juice
biggest competitors in the Iowa City area are Jamba Juice, the Power Café located in the University CRWC, and the consumers option to make their own smoothies at home. At Serve Up Smoothies, we again want our customers to be provided with a wide variety of high quality smoothie options and
Overview of Jamba Juice: Jamba Juice started in 1990 and became a well-known smoothie and juice brand that boasted healthy options. The company, however, has had difficulty staying on top after previously experiencing success early on. Factors Contributing to Decline: External Factors. Shift in Consumer Preferences: The health trend that was once behind Jamba Juice’s success story has changed. Today’s consumer is looking for a more holistic approach to good health, like plant-based diets and fresh
mismanagement. The excessive amount of store openings led to Jamba closing many underperforming stores. Store closures and lease cancellation fees dug Jamba into a deeper hole. Jamba’s products and prices have failed to separate themselves from the industry. Jamba’s moderately high prices put them at risk of losing customers to cheaper smoothie stores unless Jamba can differentiate their products. Jamba’s lack of organic growth is the result of Jamba not investing capital in R&D and innovation. Jamba’s must
Jamba Juice was founded by Kirk Perron. It was initially started in the early 1990’s and was known as Juice Club. The name was later changed to Jamba Juice in 1995. The name change came about because the establishment wanted to separate and distinguish themselves from other companies. In March of 1999 the company merged with another retail smoothie chain known as Zuka Juice. They were later acquired by Services Acquisition Corporation International. In addition to being acquired, they completely
Performance In the past 3 years, the lowest stock price was in May 14, 2014 at 9.98. The highest price was June 13, 2014 at 16.36. Currently the price went up to 16.11 and is pretty steady. Jamba Juice has made significant progress in creating innovative products and marketing them well. The company has also reduced their costs and increased productivity. The company has also increased franchise handled business in the last three years. Company owned stores have increased 2.8% and franchisee owned
Weaknesses: First, Jamba Juice’s initial surge in store openings, coupled with mismanaged growth patterns, placed a strain on the company’s cash reserves. Second, a further lack of financial discipline within the company allowed for huge increases in operating expenses. Third, although Jamba Juice initially gained popularity due to innovative products, their product offerings quickly became outdated and unexciting. Fourth, the seasonality of cold drinks created stagnant revenue during Fall and Winter
Jamba Juice is a smoothie and juice café that is known for their healthy alternatives to sugar packed meals and drinks. When they opened the doors to their first store in 1990 under the name of Juice Club, they were the only free standing healthy juice and smoothie café, similar to what was offered only in small, local health food stores at the time. In 2008 James D. White was hired as the new CEO of Jamba Juice. Bringing his experience from major US food and drug retailer, Safeway, White hoped to
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Introduction In recent years, there is an increasing demand of flavoured compounds in industry sectors, especially food and beverage, cosmetic and pharmaceutical industries 1–4. These compounds are generally short chain ethyl esters which are characterized by their strong fruity flavour and fragrance. Ethyl hexanoate is such a short chain acid ester which gives an apple-pineapple flavour 5,6. Most of the flavours are extracted from their natural source, but this process can take a long time and