by: paige m. speidel and caitlin f. kolkmann. introduction to business t.g.i. friday's (often...

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By: Paige M. Speidel and Caitlin F. Kolkmann

Author: hollie-harrell

Post on 03-Jan-2016




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By: Paige M. Speidel and Caitlin F. KolkmannIntroduction to businessT.G.I. Friday's (often shortened to "Friday's" in most countries, or "T.G.I.'s" in the United Kingdom) is an American restaurant chain which focuses on casual dining and including nearly 1000 restaurants in over 50 countries throughout the world. The company is a unit of the Carlson companies and its name is taken from the expression TGIF which means Thank God/Goodness Its Friday. The chain is known for its appearance as well, with red-striped canopies, brass railings, Tiffany lamps, and frequent uses of antiques and other applications of unique decor.Company HistoryThe Friday's restaurant chain was founded by Alan Stillman in 1965 in New York City, featuring standard American cuisine, bar food, and alcoholic beverages. The restaurant was located at the corner of 63rd Street and First Avenue. The exterior featured a red-and-white striped awning and blue paint, and the interior included wooden floors, Bentwood chairs, striped tablecloths; the bar area added brass rails and stained glass. The employees were young and wore wild uniforms, and every time someone had a birthday, the entire restaurant crew came around with a cake and sang Friday's traditional birthday song. The location where this Fridays once stood is now a British pub called "Baker Street. Though, the brass rails are still there. Their second location was established in 1970 in Memphis, Tennessee's Overton Square district, though this Fridays, too, is now closed. The oldest continually operating Friday's resides today in Louisville, Kentucky on Linn Station Road. It opened in August 1977 and at the time was the thirty first restaurant in operation.

Benefits of business to society

The Give Me More Fridays program allows for frequent customers to gain stripes each time they dine at a Fridays restaurant and use the card. According to their official webpage, As a Give Me More Stripes member, you are treated as a special guest receiving free food, exclusive offers, benefits, and more!Products of the business

Products, ctd.. (Menu)The T.G.I. Fridays Menu includes: appetizers, soups, sides, salads, Jack Daniels Grill, steak, ribs, pasta, sandwiches, burgers, a lunch menu, desserts, kids menu, party platters, and of course, beverages, many of which signature and unique of the company. 6Licensed products

The company licenses its name to Heinz which produces a line of frozen foods sold in grocery stores. A line of snack items and pre-mixed liquor drinks are also licensed and sold.

Number of people employedWhile my partner and I were unable to find just how many people are employed to the chain of restaurants worldwide, we do know that there are more than 900 restaurants in 55 countries in three divisions, and from hosts to servers, bartenders to dishwashers, managers to executives, we determine somewhere from 300,000 500,000 people employed worldwide. Growth since inception

T.G.I. Fridays in NYCAs can be seen from T.G.I Fridays first place of business in New York City to the overwhelming amount of restaurants now all over the world, the company has clearly thrived and grown significantly since its first establishment.

Additional infoAdditional InformationT.G.I. Fridays is a public corporation and it is multinationalThe company remained relatively the same because of its outstanding and overwhelming popularityVertical mergerNo none challenges were found pertaining to the businesses' start up/progression/ect END