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Analysis on Topokki Franchise Industry and Its Proactive Activities: Focused on Kukdae Toppokki

The Korean Journal of Franchise Management / The Korean Journal of Franchise Management, (E)2508-4593
2014, v.5 no.1, pp.27-47
https://doi.org/https://doi.org/10.21871/kjfm.2014.5.1.27
Chi, I hyun
Han, Kyu won
Choi, Yae jin
Son, Jeong Sook
Kim, Ji-Hern
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Abstract

This research was conducted on the purpose of seeking the measures of how to cope with the changing industry of Topokki franchises. Despite of the fact the number of Kukdae Topokki's stores is quite smaller than that of its competitors, such as Jaws Topokki and Addal Topokki, Kukdae Topokki is recognized as one of the front-runners in the industry. But the competition in the topokki industry has become fiercer, as the market became saturated. To find a desirable solutions, this study analyzes past-to-current status of the Topokki industry by dividing it into 4 stages and provides few strategies that Kukdae Topokki can apply to the 4th stage where 'brand awareness' is very important. To this end, few drawbacks of Kukdae Topokki are proposed as the following. First, the brand image that Kukdae Topokki pursue does not correspondent with the image in consumer's mind. Second, Kukdae Topokki has selected the wrong targeting group. It aims for the image of 'retro' to target people in their 30-40s. However, most of the consumers are people in their 20-30s. Third, the taste of Kukdae Topokki is not uniform among franchises. Fourth, the awareness and accessability are low. To provide a proactive actions for the next stages, several solutions are proposed as following. First, By managing consistent Kukdae Topokki's Brand Touch point, consumers may have a strong image on the brand by communicating with consumers consistently at all touch points. Second, instead of the existing guide from the head office(franchiser), a standardized criteria for the usage of materials and periodical education for franchisee are needed. Third, to raise the awareness of Kukdae Topokki, open many branches in the area where the main consumers(20-30s women) are mostly spread out.

keywords
떡볶이 프랜차이즈, 떡볶이 시장 트렌드 변화, 국대떡볶이

The Korean Journal of Franchise Management