Business, Management
Burger King’s mission statement and vision statement define the company’s goals, strategies, and operational approaches. The mission statement represents the business purpose and basic characteristics of the food service company, such as pricing, service, and ambiance. On the other hand, Burger King’s vision statement relates to organizational development and the company’s business excellence objectives for its operations in the quick service restaurant industry. Business capabilities and competitive advantages, like the ones enumerated in the SWOT analysis of Burger King, are used to attain the company’s corporate mission and corporate vision. In this regard, the mission statement and the vision statement of Burger King are bases for strategies and policies for moving the business organization toward long-term leadership and success in the fast-food restaurant market.
Burger King’s mission statement and vision statement guide strategic formulation that ensuresthe company’s market position as one of the world’s biggest quick service restaurant chains. The mission and vision position the business against competitors, such as McDonald’s, Wendy’s, KFC, Subway, and Arby’s, as well asDunkin’, Starbucks, and Tim Hortons. These companies saturate the food service market and maintain a strong competitive force in the industry, as stated in the Five Forces analysis of Burger King.
Burger King’s Mission Statement
Burger King’s mission statement is “to offer reasonably priced quality food, served quickly, in attractive, clean surroundings.” This corporate mission statement indicates the kind of outputs expectable from the fast-food business. The following are the main points in Burger King’s mission statement:
- Reasonable prices
- Quality food
- Quick service
- Attractive and clean surroundings
Reasonable prices contribute to the competitiveness of the company’sproducts, such as chicken nuggets and Whopper sandwiches. This point of the mission statement guides the pricing strategy and related market-based goals stated in Burger King’s marketing mix (4P). However, the main selling point shown in this corporate mission statement is the quality of food and drinks, along withthe speed and efficiency of service. Quality and speed are factors that keep diners coming back tothe company’s restaurants, and define Burger King’s generic strategy, intensive growth strategies, and related competitive advantages. Also, the attractiveness and cleanliness of the surroundings add to the ambiance that attracts consumers. Business policies and franchising rules based on Burger King’s mission statement are applied to achieve consistency in prices, food and beverage quality, service speed, ambiance, and facility design throughout the restaurant chain. Following the points of this corporate mission statement brings the fast-food business toward the achievement of its corporate vision statement’s goals and objectives.
Burger King’s Vision Statement
Burger King’s vision statement is “to be the most profitable QSR business, through a strong franchise system and great people, serving the best burgers in the world.” This corporate vision statement directs the company to achieve leadership in the global quick service restaurant (QSR) industry. The following are the main points in Burger King’s vision statement:
- Most profitable QSR business
- Strong franchise system
- Great people
- Best burgers in the world
Burger King’s vision statement shows that the company aims to achieve the leading position in the industry. As one of the biggest quick service restaurant chains in the world, the company has a strong potential to be the most profitable in the industry. The corporate vision statement also indicates that Burger King uses a franchise system, which facilitates international business growth. On the other hand, “great people” implies human resource development strategies for the purpose of maximizing workers’ potential for their benefit and for the benefit of the restaurant chain. This point of the vision statement guides Burger King’s organizational culture in nurturing greatness and related core values among employees. In relation to the corporate mission statement’s point on quality, the corporate vision statement specifies “the best burgers” to attract customers and maintain one of the biggest market shares in the industry. Thus, Burger King’s vision statement establishes the strategic direction toward global market leadership and relates to the business purpose and qualities that reflect the business characteristics described in the company’s mission statement.
References
- Burger King – About Us.
- Fitzsimmons, A. B., Qin, Y. S., & Heffron, E. R. (2022). Purpose vs mission vs vision: Persuasive appeals and components in corporate statements. Journal of Communication Management, 26(2), 207-219.
- Heskett, J. (2023, Mar 1). How Much Does ‘Deep Purpose’ Matter to the Bottom Line? Harvard Business School.
- Restaurant Brands International Inc. – Form 10-K.
- Restaurant Brands International Inc. – Supporting Policies and Reports.
- U.S. Department of Commerce – International Trade Administration – Travel, Tourism & Hospitality Industry.
