Burger King Corporation Takes Reality TV to the Next Level on the Season Three Premiere of ``The Apprentice''.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Burger King Corporation introduces task-winning Western Angus Steak Burger in 7,800 BURGER KING(R) restaurants nationwide During Thursday's season premiere In television, a season première refers to the first episode of a new television season for a series that has been renewed. In North America, a given show's season première often airs in September or October, after several months of reruns. of "The Apprentice A person who agrees to work for a specified time in order to learn a trade, craft, or profession in which the employer, traditionally called the master, assents to instruct him or her. ," Trump's management team served up a mammoth mammoth, name for several large prehistoric elephants of the extinct genus Mammuthus, which ranged over Eurasia and North America in the Pleistocene epoch. task to the latest crop of contestants: name, build, market and sell a new menu item at BURGER KING(R) restaurants. What the Trump trainees didn't know is that Burger King Corporation would actually flip for the winning burger - the Western Angus Steak Burger - and begin serving it nationwide the next day. As the smoke cleared atop Trump Tower Trump Tower Trump Tower is the name used for several skyscrapers owned and operated by real estate magnate Donald Trump. Each of these skyscrapers is predominantly composed of residential condominiums and found in major cities. , BURGER KING restaurants from coast to coast began to prepare for the fastest new product launch in the company's 50-year history. "At BURGER KING, our HAVE IT YOUR WAY(R) philosophy puts our customers in charge. It's all about empowerment and getting what you want, when you want it," said Russ Klein, chief marketing officer, Burger King Corporation. "That's why we couldn't wait even a day to take this burger from the boardroom to the lunchroom." The Task Faced with a meaty challenge, teams "Street Smarts street smarts Vox populi Worldly wisdom and wariness in human interactions. Cf Social smarts. " and "Book Smarts" beefed up their knowledge of the fast food industry by completing a substantial food safety and restaurant management-training course. Teams then consulted with Burger King Corporation Chief Concept Officer Denny Post and Senior Director, Product Innovation, Chef Calvin Harris to develop a marketing campaign with support from Burger King Corporation's promotional agency. Finally, each team took charge of a different Manhattan BURGER KING restaurant, running all operations and sales for the day. During their stint, the winning "Street Smarts" team used their natural know-how to turn their new product into a cash cow Cash Cow 1. One of the four categories (quadrants) in the BCG growth-share matrix that represents the division within a company that has a large market share within a mature industry. 2. , avoiding a trip to the boardroom and a heated showdown with "The Donald." Getting the Product to Market BURGER KING(R) franchisees and employees nationwide didn't know they'd have to fire up the grills for a new product until minutes after the first contestant was fired. On Friday morning, each store received a shipment including ingredients, instructions and "Apprentice"-themed promotional materials, giving them a matter of hours to add the new item to their menus. The high-speed turn-around was a first for both "The Apprentice" and Burger King Corporation, and is unprecedented in the chain restaurant industry. For fans of "The Apprentice" who are hoping to try the winning product, the new Western Angus Steak Burger will be available for a limited time now through February 4, 2005. About Burger King Corporation The BURGER KING(R) system operates more than 11,000 restaurants in all 50 states and in more than 61 countries and territories worldwide. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees, many of them family owned operations that have been in business for decades. Burger King Holdings Inc., the parent company, is private and independently owned by an equity sponsor group comprised of Texas Pacific Group, Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. and Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Capital Partners. In fiscal year ending June 30, 2004, Burger King Corporation had system-wide sales of $11.3 billion. To learn more about BURGER KING, please visit the company's Web site at http://www.burgerking.com. |
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