¶ … Ray Kroc paying particular attention to leadership qualities. It has 6 sources.
Business strategy implemented in a particular market determines the success that an organization would have. In a highly competitive world, business strategy is vital to success and as demonstrated by some individuals an ordinary business can be converted into a massive chain of outlets on an international scale. An example of this kind of success is Ray Kroc's McDonald's, which developed from a relatively small fast-food company into a fast-food chain with outlets in nearly every corner of the world.
Ray Kroc's strategy is the key that changed the manner in which things were being conducted at the McDonald brothers' fast-food. At first he gained franchising rights from the owners, and then founded McDonald's Corporation in 1955. Six years later, Kroc bought the McDonald brothers for a sum of $2.7 million. From then on, Kroc implemented strategies of his own that changed the future of McDonald's.
If acquisitions added to existing kingdom: Similar or differing cultures or customs?
A a) Extinguished blood of old rulers?
A b) Planted colonies?
A c) Allowed to govern selves and pay tribute?
Once secure in acquisition:
Establish self as head and defender of the less powerful, weaken potential competitors?
Foresight-anticipate and deal with problems before they grow to crisis proportions?
Effectively limit power of those who assisted in rise to power?
The name that McDonald bears today is the same as it did before its owners were replaced. Ray Kroc at first worked for the McDonald brothers and it was from this business itself that he got an idea of what this business could become. Kroc had the ability not to just imagine but visualize and make that visualization a reality.
Though the McDonald brothers were one of the first to introduce and regularly sell hamburgers and French fries, it was Kroc who visualized something more that what they did. He maintained the idea of selling fast-food that was cheap and convenient for customers, but he also believed that he could create a lasting impression through innovation.
Kroc aimed at applying industry strategy to what the McDonald brothers were currently doing. This small business being conducted with few employees preparing hamburgers and French Fries, and a few operating the milkshake machines, could be converted into an industry. Kroc visualized utilizing the McDonald concept of the kitchen in a factory-like operation. Put in better words, Kroc wanted to apply industry techniques to the use of a fast-food kitchen. By this, he meant that he wished to use factory-like applications to producing food at McDonald's.
An example of applying factory strategy to a kitchen is exemplified in the manner in which Kroc boosted the output of shakes by installing 8 or 9 of them instead of having the usual number that other fast-food outlets had, which was usually around 3 or 4. Kroc's aspirations did not end here, as he envisioned installing the same number of shake machines at all outlets once the organization expanded. In addition to this, he also endeavored maintaining the same standards of services with time, and also considered maintaining standards throughout a network of fast-food outlets in the country. Right on to the mid 1970s, this is what Kroc achieved, and McDonald's came to be recognized as America's fast-food, leaving others trailing behind. (Mascola, 1989, p 10)
It must be asserted here at this point that Ray Kroc in no way extinguished what the original owners had established for the company. Kroc built on what foundation they had provided for him to build an enterprise. This is something that can be likened to the Coca Cola Company. This is because of the fact that the original idea was someone else's, and the owner of this establishment sold the idea to another individual who had the ability to envision Coca Cola as the soft-drink company that it is today.
Ray Kroc, through his endeavors managed to plant colonies of the organization he owned. This is exemplified in the manner in which opened many more outlets through the United States. However, most of these outlets are franchises that have been given the rights to sell the product that McDonald's had innovated. It must be realized that in order to this successfully the franchises had to attain standards that were original. (Mascola, 1989, p 10)
Kroc was particular about this, and this is the reason why, as chairman of...
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Effective missions are inspiring, long-term in nature and easily understood and communicated. While a mission statement does need to be very based in nature so that the management interpretation can come into play it has to provide some guidance about how the vision will be reached through the use of specific plans. The mission statement of any company speaks directly to the products and services that the company will provide
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