986 results for “Mcdonalds Essays Examples”.
McDonalds works within the quick service industry, where they have a differentiated position (Mantkelow, 2014). Although low price is a starting point for firms in the industry, McDonald's is not the lowest-price competitor in the business. They try to use branding as a means of creating differentiation for their products, many of which have trademarks for their own (i.e. Big Mac, Quarter Pounder, McCafe). The company's strategy therefore relies heavily on a two-pronged approach: Spend heavily on marketing and invest in cost-saving measures on the operations and supply chain side.
With a unified product/service operation worldwide, McDonalds operates with a geographic organizational structure -- USA, Europe, APMEA, Canada/Latin America, overlaid by Corporate, which has divisions for H, Finance, Global Marketing, Legal, Operations and "Chief estaurant Officer." This allows the company to focus on adapting the product/service offering to the individual local contexts while maintaining a high level of brand consistency around…
References
Mantkelow, J. (2014). Porter's generic strategies. MindTools.com. Retrieved April 9, 2014 from http://www.mindtools.com/pages/article/newSTR_82.htm
Interbrand. (2014). McDonalds. Interbrand. Retrieved April 9, 2014 from http://www.interbrand.com/en/our-work/McDonalds.aspx
Cardenal, A. (2014). Why Starbucks could beat Yum Brands and McDonalds in the war for breakfast. Motley Fool. Retrieved April 9, 2014 from http://www.fool.com/investing/general/2014/04/04/why-starbucks-could-beat-yum-brands-and-mcdonald-s.aspx
Interbrand. (2009). Best global brands 2009. Interbrand. Retrieved April 9, 2014 from http://www.interbrand.com/en/best-global-brands/best-global-brands-2009.aspx
Mcdonalds Customers
Customer Relations at McDonald's
McDonald's is a company that has increasingly come to face a dilemma regarding its relationship with its primary customer base. The fast-food giant is incomparably successful, having achieved a singular dominance in its sector and having likewise established an enviable brand recognition on a global basis. And yet, in terms of customer relations, the company is struggling today to achieve a positive resolution to its public image problem. In spite of its popularity and success, McDonald's is viewed as a major culprit both in the direct impact that its food has had on the public health and the indirect impact levied by its cultural connotations. As the discussion hereafter will show, this view has begun to have an impact on the fast-food chain's image-management strategy. Below, we explore the difficult customer relations balance that McDonald's must strike in simultaneously evolving to offer its customers healthier dining…
Works Cited:
Astute Solutions Customer Case Study. (2013). McDonald's Improves Customer Satisfaction and Franchise Relations. Astutesolutions.com.
Bowman, S.A. & Vinyard, B.T. (2004). Fast Food Consumption of U.S. Adults: Impact on Energy and Nutrient Intakes and Overweight Status. Journal of the American College of Nutrition, 23(2).
Lutz, A. (2013). McDonald's Works on Customer Service. Business Insider.
McDonald's. (2010). Meal Builder. McDonalds.com.
As mentioned above, local business owners are in touch with the cultural paradigm of their customers and can therefore handle marketing and other products in a way that appeals to their customer base. This in turn results in greater success and greater revenue. These translate into the eventual royalties reaching McDonald's. In general then, the success attained by such franchises result in more income for the parent company, as a more targeted marketing approach means greater success. The parent company is then free to focus on its own local expansion opportunities.
In general I therefore believe that McDonald's philosophy and principles adheres well to its franchising paradigm. The global nature of the business requires a diversity of owners and managers. This is done optimally by the franchising system.
In general, McDonald's has proved itself and its brand to be highly successful in business. It is a sought-after franchise, and has successfully…
Sources
British Franchise Association. "McDonald's UK Franchise." 2006. http://www.whichfranchise.com/franchisorPage.cfm?companyID=255
Hadzima, Joe. "Subchapter S: Some Myths, Realities and Practical Considerations." 1994-2005. http://web.mit.edu/e-club/hadzima/subchapter-s.html
McDonald's Corporation. "Company Info." 2007. http://www.mcdonalds.co.uk/pages/companyinfo/franchiseinfo.html
McDonalds is the number one quick service restaurant brand in the world, and by far and away the market leader in the U.S. While it would be reasonable to assume that a company so large and powerful could simply do whatever it wanted in terms of strategy, that is not necessarily the case. David took the basic SWOT analysis concept, an old diagnostic tool that is used frequently in strategic management, and built upon it, basically developing what would be considered an applied SWOT. This technique begins by gathering information about the company, and understanding this information in terms of strengths, weaknesses, threats and opportunities -- the classic SWOT. The application part is when the strengths are examined within the specific context of exploiting opportunities, or specifically to defend against threats. Weaknesses are examined in terms of reducing the ability to take advantage of opportunities, and weaknesses that expose the…
References
Baertlein, L. (2013). Want fruit with your burger? McDonalds expands anti-obesity push. Reuters. Retrieved December 13, 2014 from http://www.reuters.com/article/2013/09/26/us-mcdonalds-menu-obesity-idUSBRE98P1DI20130926
Chalabi, M. & Murdoch, J. (2013). McDonald's 34,492 restaurants: Where are they? The Guardian. Retrieved December 13, 2014 from http://www.theguardian.com/news/datablog/2013/jul/17/mcdonalds-restaurants-where-are-they
Crain's. (2014). Ronald's makeover: A creepy clown is still a creepy clown. Crain's Chicago Business. Retrieved December 13, 2014 from http://www.chicagobusiness.com/article/20140425/BLOGS08/140429829/ronalds-makeover-a-creepy-clown-is-still-a-creepy-clown
Gray, L. (2009). McDonalds waste makes up largest proportion of fast food litter on streets. The Telegraph. Retrieved December 13, 2014 from http://www.telegraph.co.uk/news/earth/earthnews/4223106/McDonalds-waste-makes-up-largest-proportion-of-fast-food-litter-on-streets.html
But if you're looking at it as how many nutrients are you getting for a dollar, it's the least economical."
New findings on the biological effects of fast food suggest that obesity isn't simply down to a lack of an individual's self-control. Some scientists are starting to believe that eating too much of foods that are excessively high in fat and sugar such as those from fast food restaurants can cause changes to a person's brain and body that make it hard to resist fast food. Some scientists even believe that the foods can trigger changes that are similar to full-blown addiction.
Regardless of who is really to blame for fast food consumption, society and the legal system hold individuals accountable. In 2002, a group of American teenagers brought a lawsuit against McDonald's, blaming it for their obesity and health problems since they had lived on a daily diet of burgers…
Goldstein, Jeffrey. "Children and Advertising - the Research." The European Commission. Retrieved at http://europa.eu.int/comm/internal_market/comcom/newsletter/edition13/page04_en.htm
Kids Online." Retrieved at http://lrs.ed.uiuc.edu/wp/commercialism/kids-online.html
Goldstein, Jeffrey. "Children and Advertising - the Research." The European Commission. Retrieved at http://europa.eu.int/comm/internal_market/comcom/newsletter/edition13/page04_en.htm
McDonalds is one of the most recognized brands in the world, and has been highly successful over the course of its history. The company current has revenues of $22.7 billion and assets of $30.2 billion (MSN Moneycentral, 2010). This report will utilize a number of tools to analyze the strategy of McDonalds, and how the firm deals with its environment.
The first tool to consider is Porter's Five Forces. This tool outlines the different cost and price drivers within the industry. Pricing power both on the supply side and the demand side is critical to maintaining profitability. The five forces are supplier power, buyer power, threat of new entrants, threat of substitutes and intensity of rivalry (QuickMBA, 2010). McDonald's has tremendous power over its suppliers for a couple of reasons. Its volume is great, and many of its suppliers are dependent on this volume. The inputs are not especially differentiated, which…
Works Cited:
MSN Moneycentral. (2010). McDonald's. Retrieved December 9, 2010 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=MCD&lstStatement=Balance&stmtView=Ann
QuickMBA. (2010). Porter's five forces. QuickMBA.com. Retrieved December 9, 2010 from http://www.quickmba.com/strategy/porter.shtml
The Independent. (2008). McDonald's in compost trial. The Independent. Retrieved December 9, 2010 from http://www.independent.co.uk/environment/green-living/mcdonalds-in-compost-trial-945566.html
Woodard, L. (2010). Ronald McDonald fallout: What role does advertising have in childhood obesity? ABC News. Retrieved December 9, 2010 from http://abcnews.go.com/Business/ronald-mcdonald-fallout-role-advertising-childhood-obesity/story?id=10298693
McDonald's, the International Olympic Committee, and the American College of Sports Medicine opened a Web site. McDonald's also introduced an educational campaign, Real Life Choices about how to track diets and put menu items into three categories: "Watching Calories," "Watching Fat," and "Watching Carbohydrates." McDonald's also provided nutritional information on its Web site" (Obesity and McLawsuits).
The Menu Education and Labeling Act (MEAL) was released by the House and the Senate in November 2003. Its requirements implied the disclosure "in a statement adjacent to the name of the food on any menu listing the food for sale, or by any other means approved by the Secretary [of Health and Human Services], the number of calories, grams of saturated fat plus trans fat, and milligrams of sodium contained in a serving of the food, offered for sale, in a clear and conspicuous manner and information, specified by the Secretary by regulation,…
Bibliography
David Upton, McDonald's Corporation (Abridged)
Stanford Graduate School of Business, Obesity and McLawsuits, Case p-49, 25 Jan 2005
McDonald's website, Corporate McDonald's,
McDonald's estaurants Order
'McDonalds estaurants
From as far back as 3500 BC to around 2900 BC, according to the History of Communication, at About.com, the author, Mary Bellis, notated that the Phoenicians developed the alphabet within this time frame while the Sumerians found cuneiform writing which was a form of pictographs of accounts on tables made of clay, and Egyptians had built hieroglyphic writing. It wasn't until 14 AC when the omans created the postal service, and it was not until 1980 years later in 1994 that the United States administration unconfined power of the Internet and the World Wide Web was distributed as a type of communication at the speed of light (2011). Since the change with the Internet in May 1995 when the National Science Foundation ended its support so all the web's traffic relied on commercial networks then the next thing you know businesses, educational centers, public libraries, homes,…
References
Bellis, M. (2011). The history of communication. Retrieved from http://investors.about.com/library/inventors/bl_history_of_communication.htm
Howe, W. (2010, March 24). A brief history of the internet. Retrieved from http://www.walthowe.com/navnet/history.html
McDonalds. (2011). Changing. together. Retrieved from
McDonalds Human esources in Global Marketing:
McDonalds Corporation is the largest chain of fast food restaurants across the globe with a customer-base of nearly 50 million people every day throughout the world. Since its inception by brothers Dick and Mac McDonald in California in the late 1950s, McDonalds has continued to grow through opening various restaurants across different states. Furthermore, the success of the corporation can be attributed to its focus on offering quick meals at reasonable prices to the consumer. Since the corporation has not only expanded nationally in America and globally, it has developed to become a symbol of globalization though it generates sentiments of Anti-Americanism in some instances.
McDonalds Corporation has been forced to adapt its products and services as well as human resource practices because it operates in several different countries (Lingham, 2010). In some cases, McDonalds has had to adapt its human resource practices to the legal,…
References:
Lingham, L. (2010, April 17). McDonald's Global HR. Retrieved June 25, 2013, from http://en.allexperts.com/q/Marketing-1090/2010/4/International-Business-Management.htm
Vignali, C. (2001). McDonald's: "Think Global, Act Local" -- the Marketing Mix. British Food
Journal, 103(2), 97-111. Retrieved from http://www.emeraldinsight.com/case_studies.htm/case_studies.htm?articleid=870577&show=html
McDonalds also tailors its leadership and decision-making processes to what customers want and need. If customers get what they need they will be happy and they will come back. That is a winning situation for everyone involved.
Because McDonalds is concerned about social and ethical responsibilities, it falls under stakeholder (as opposed to stockholder) theory (Derdak & Pederson, 2004). In stakeholder theory, everything is taken into account, as opposed to only considering profits. It is no secret that McDonalds makes a lot of money, but if all the company cared about was money it would not be doing anything that was ethical (except as required by law). It would also not be interested in socially responsible issues such as where its meat comes from and how the animals at the slaughterhouses is uses are treated. Since McDonalds focuses on more than just how much cash is coming in, it cares…
References
Derdak, T. & Jay P. Pederson, ed. (2004). "McDonald's." International directory of company histories, 67(3rd ed.). St. James Press.
Love, John F. (1987). "Big Macs, Fries, and Real Estate." Financial Executive, (4): 20 -- 26.
McDonalds Operations Management
I am working on my research regarding operations management of McDonald's.I have attached my proposal, but I feel I should revisit my aims and objectives and rework on it.I want better introduction and background .I want my research philosophy and methodology methods to be enhanced.Can you give me good methodology technique for my research.Can you help me in having a precise aim for this research.What benefits the organization and myself will be having after this research.
1)I will be glad if you could reformulate my aim and objectives .
2)Can you rework on my introduction and background and my research philosophy
3)Kindly provide me appropriate methodologies method.
Once I get this information, i shall re approach you for further assistance.
Thank you
Vamsi
Title of Dissertation
"Importance of operations management in McDonalds"
Related modules
Sources of competitive advantage
Innovation to sustainability
Behaviour and management in organization.
Abstract:
Several countries at the end of 18th century changed to industrial economy from agricultural economy.…
McDonalds ACCT
Management Accounting at McDonald's: eal World Applications of Academic Knowledge and Theory
While academic settings of course provide suitable environments for learning in a concentrated and focused fashion, in many areas of knowledge they are simply not adequate to truly prepare learners for the real world. Management accounting is one such area; while the knowledge obtained through schooling is unquestionably advantageous to the future accountant or accountancy-related professional, it cannot provide the real world experience that solidifies such learning through a direct and practical application of the facts, formulas, and theories learned. The following pages attempt to address this gap somewhat by providing an analysis of actual management accounting features and practices at a large and well-established organization.
McDonald's: Company Overview
McDonald's is a very well-known and well-recognized business and brand throughout the world, with its international spread quite extensive and still growing (McDonald's, 2011; Hoovers, 2012). Not only part of the…
References
Gaspar, J. (2010). Introduction to business. Mason, OH: Cengage.
Hoovers. (2012). McDonald's Corporation. Accessed 31 March 2012. http://www.hoovers.com/company/McDonalds_Corporation/rfskci-1.html
McDonald's. (2008). Finance at McDonald's. Accessed 31 March 2012. http://www.mcdonalds.co.uk/content/dam/McDonaldsUK/People/Schools-and-students/mcd_finance.pdf
McDonald's. (2011). 2010 Annual Report. Accessed 31 March 2012.
McDonalds
The firm I chose is McDonalds, and I chose this company for a few different reasons. The first reason is that this is the top franchise operator in the world, and one might as well learn from what the best do. McDonalds basically invented the modern franchise, back in 1955, and over time have perfected the concept. The second reason is that there is a wealth of information available. Some of the firms on the list at Entrepreneur Magazine are privately-held, and that probably means there is very little information about them. Thus, McDonalds is a good company to use as a starting point for entrepreneurial and franchise studies. There is no reason to select a company that is not the best at what it does -- I have no intention of being second best at what I do.
In the quick service restaurant industry, it costs about $1 million to…
Works Cited:
Entrepreneur.com. (2012). McDonalds. Entrepreneur.com. Retrieved May 16, 2012 from http://www.entrepreneur.com/franchises/mcdonalds/282570-0.html
McDonalds
I chose McDonald's because it is a brand that is larger than simply a fast-food hamburger chain. McDonald's is the global leader in hamburger fast-food restaurants, serving almost 60 million customers per day. McDonalds' are operated as a franchise, an affiliate, or a corporate store. They have over 32,000 locations worldwide, were founded in 940, and posted an approximate sales revenue over almost 25 billion in 200. They are a quintessential American institution, a brand, and a symbol of economic forces that reach into global markets.
If we think about what it takes to serve 60 million customers daily, it is astounding. McDonald's needs beef, and sources it from a number of world-wide providers; fresh produce, condiments, paper products. In addition, from a marketing perspective, the global arches are seen as icons of American life from the 950s on. One can get a McDonald's meal in almost every country in the…
1. Take a look at the "big Ideas" in the powerpoint presentation from the background materials (click here). Try to apply one of the big ideas to your firm in the way it operates.
See:
Description of the company/industry
McDonalds
McDonalds happens to be a premier global retailer of food services with presence in more than 100 countries (World Branding Forum, 2019). According to World Branding Forum (2019), the Retailer (McDonalds) has an excess of 36,000 locations globally and employs 1.8 million workers. Most of the global McDonalds franchises (approx. 80%) are operated and owned by business people operating independently. McDonalds serves various menu options with outstanding quality ingredients. The restaurant enjoys an upwards of 25 million customers each day. Close to 90% of the 14,000 McDonalds restaurants in the U.S. are operated and owned independently (World Branding Forum, 2019). There are close to 1,200 United Kingdom McDonalds restaurants serving close to 3 million people each day. The McDonalds brand employs approx. 97,000 workers in the UK and has invested more than £40 million on development and training every year (World Branding Forum, 2019).
McDonalds offers he culture…
References
McDonalds has been able to remain Market Leader
Fast food industry is one of the fasting growing industries in the world. The reason for its success actually lies in driving the subliminal needs of the consumer and fulfilling it in such a way that the consumers are not only satisfied but they are delighted. In the global arena where the consumer loyalty is the most non-loyal thing the top three brands that have been able to generate highest customer loyalty are McDonalds, Coke and Disney.
With the passage of time, fast food industry and McDonalds have been able to grow themselves and now McDonalds has become the world's largest fast food restaurant as it serves more than 58 million people every day (FAQs).
Despite several allegations and discussions over the healthiness of fast food, the convenience and value it provides to the customer outclasses every problem and hurdle. People in the modern…
References
Dietz, J. (2006). Complaint Management: The Heart of CRM. Journal of Consumer Marketing, 23 (1), 50 -- 51.
FAQs, McDonald's Canada. Retrieved June 15, 2011 from http://www.mcdonalds.ca/en/aboutus/faq.aspx
Muller, W. (1991). Gaining competitive advantage through customer satisfaction. European Management Journal, 9 (2), 201- 211.
Shapiro, K. (2007). From Modernism to McDonald's. Journal of Architectural Education, 61(2), 6 -- 14.
Process Analysis
McDonalds is one of the most successful fast food restaurant chains. The quality of the service and the meals offered at the chain of restaurants is largely determined by the raw material supply chain. In order to guarantee high quality food, they have established examination of the same at various levels along the supply chain. The chain begins with the identified supplier when sourcing for the raw materials at various collection centers. The supplier must wait for the inspection of their supplies before it moves to the next level ("Suppliers and Purchasing", 2017). If the supplies are approved by the quality assurance officers of the company, they are moved to various centers for distribution.
It is the duty of the inspection officers to guarantee quality. They look out for such issues as adhering to the dedicated lines of production, formulas of production and storage facilities. The system at McDonald demands…
References
Quality and Improving Operations
McDonalds Corporation is the leading fast-food restaurant across the globe. Since inception the company has experienced tremendous growth and profitability due to its adoption of sound business philosophies and practices. McDonalds has become a symbol of globalization given its successful expansion to various parts of the globe. The other factor that has contributed to McDonalds’ success and profitability worldwide is its effective operation function. The company has streamlined its operation function from obtaining raw materials to production to distribution of food items/products to its customers. McDonalds Corporation has established a relatively effective operations management framework that helps in handling all its functional areas. In relation to the Operations Management framework, this paper examines quality and improvement of operations at McDonalds Corporation.
Part 1 – Quality and Conformance
McDonalds Corporation operates in an increasingly competitive fast-food industry across the globe. Despite its market share and position, this company still faces…
McDonalds Corporation is renowned as one of the most successful fast food restaurant across the globe and the epitome of globalization. As the largest chain of fast food restaurants worldwide, McDonalds Corporation has a customer-base of more than 60 million people every day. Since inception in the late 1950s, the corporation has experienced tremendous growth and profitability due to its sound business strategies and practices. Some of the factors that have contributed to its success include providing quick meals at reasonable prices, global expansion, and commitment to hiring the right people. A critical aspect of the firm’s success and profitability in the market is its human resource practices. This paper examines human resource practices at McDonalds Corporation and their role in the firm’s operations and success.
McDonalds’ History
McDonalds Corporation was founded in the late 1950s in California by brothers Dick and Mac McDonald (Han, 2008). During this period, the two brothers…
References
Managing Inventory and Supply Chain
Effective operations management is one of the most important processes and components toward the success of any business organization. Given the increased competition that characterizes the modern business environment, organizations are faced with the need to develop suitable strategies for operations management. Managing inventory and supply chain is one of the components of operations management, particularly in manufacturing organization or fast food chains. Inventory and supply chain management plays an important role in the success and profitability of a company because of the role it plays in production processes. This paper examines how to improve inventory systems and supply chain management processes at McDonalds Corporation as part of operations management. The discussion concludes by providing recommendations on how to improve management of inventory and supply chain in this company.
Overview of McDonalds Corporation
McDonalds Corporation was established in 1954 in California, USA and has developed to become the…
References
Background and Business Model: McDonaldsBackgroundMcDonald's is one of the world's largest and most recognizable fast food chains, founded in 1940 by brothers Richard and Maurice McDonald. It was Ray Kroc, however, who helped turn McDonalds into the mega-successful fast-food chain that it is today. This is thanks in part to the drive-thru service first introduced in the 1970s. Today, McDonalds operates in more than 100 countries, serving nearly 68 million customers every day. Headquartered in Chicago, Illinois, McDonald's primary offerings include burgers, chicken products, breakfast items, French fries, desserts, soft drinks, shakes, salads, wraps, and fish. It is estimated that McDonald's accounts for about 18 percent of all fast-food sales in the United States and holds the biggest market share worldwide. Additionally, it employs over 390,000 people and operates more than 38,000 outlets worldwide. McDonald's is also active in promoting its brand and products through various advertising campaigns, philanthropic activities,…
References
Annual Report. (2021). Annual letter to shareholders. https://www.sec.gov/ix?doc=/Archives/edgar/data/0000063908/000006390822000011/mcd-20211231.htm#i763292934bfc4351a657f87d3d00c5f6_13
Obesity at McDonalds/McDonalds: Issues elated to Fast Food
Situational Analysis
Stakeholder Analysis
Ethical Theory Analysis
McDonald's Corporation, can be found in 119 nations of the world. Over 68 million customers are served by 33, 000 locations daily. When we talk of McDonald's as a fast food industry and as a brand, the sales are huge, but the perception of the brand makes it hard to keep up with the pace. The public has a negative perception of the brand following its rating as the 6 thbrand in the world and thereby mounting expectations. Issues of unhealthy foods and obesity are the major factors that influence McDonald's public perception (Brannan et al., 2015).
Situational Analysis
The public awareness of negative attention issues of unhealthy foods and public perceptions have generated now affects both the company and the entire fast-food industry. With its unrelenting efforts to sustain the number one name in the fast-food industry both at…
References
Brannan, S., Cain., & Collette, C. (2015). McDonald's Situation Analysis. Towson University Retrieved on 24th September, 2015 from http://spencerbrannanonlineportfolio.weebly.com/uploads/1/9/3/7/19373715/mcdonalds_situation_analysis.pdf
Brien, G.O. (2011). Marketing to Children: Accepting Responsibility. Business Ethics. Retrieved on 24th September, 2015 from http://business-ethics.com/2011/05/31/1441-marketing-to-children-accepting-responsibility/
Hanafian. (2015). Promotion of Obesity: A Harsh Reality. News activist. Retrieved on 24th September, 2015 from http://newsactivist.com/en/articles/media-ethics-section-10/promotion-obesity-harsh-reality
Howard, M. (2015). Obesity: Personal Responsibility or Blame Food Companies?.Diet Blog. Retrieved on 24th September, 2015 from http://www.diet-blog.com/07/obesity_personal_responsibility_or_blame_food_companies.php
Global Marketing Project
Market Analysis
St. Lucia is a small market, with a population of 166,000 people and a GDP per capita of $14,400 (CIA World Factbook, 2020). This makes it a relatively weak market for fast food, and there are only a few outlets in the entire country, and none for McDonalds. There is potential, however, in Castries, and in tourist areas such as Rodney Bay, or near the airport in Vieux Fort. How much potential the market had is up for debate, as locals do not eat much beef, and this was responsible for the downfall of McDonalds in Barbados and Jamaica recently (Patrick, 2020). Furthermore, the pandemic has suppressed demand for all restaurants in St. Lucia. Other outlets like KFC have barely a foothold in the country. That said, McDonalds is motivated to figure out the Caribbean market, because there is opportunity if it can figure out the right…
Human Resource Management McDonald’s Corporation is one of America’s biggest fast food and burger chains, involved in franchising and operating restaurant chains all over the world. Given its immense operational base, the company has been subdivided into four segments, which are as follows: the U.S. segment; High Growth Market segment; Lead global market segment; and Corporate and Foundational Market segment. The first division is in charge of handling fast food outlets and delivers smartphone apps for orders and promotions. The second division is responsible for operations in the following countries: Britain, Australia, France, Canada, and Germany. The third is tasked with franchise expansion and outlet operation within China, Korea, the Netherlands, Italy, Poland, Switzerland, Spain and Russia. Finally, the last corporate division handles the company’s administration function. First launched on the 15th of April, 1955 by Raymond Albert “Ray” Kroc, the company’s current headquarters is located in Illinois’s Oak Brook village.…
References
Pricing Strategy Management
McDonald's uses a mix of price bundling and psychological pricing to remain attractive to the customers. The price bundling strategy involves combining different products into one package, which is sold at an offer. Psychological pricing focuses on the human brain, and through the use of prices such as $99.99 instead of $100, the customer feels the product is cheaper. Price bundling aims to persuade customers to shop more, and the slogan is" buying more saves more" (Smith, 2016).
Bundle pricing may package several similar products into one product or an attachment of complementary products. Having a combination of products at a reduced price is usually a good deal for a customer willing to spend more at a cheaper cost. Psychological pricing is very common at McDonald's, and through the use of the "9-digit effect," customers get attracted to products, and they are convinced the prices are low. Prices may…
References
McDonald's
Choose (McDonalds) mission and vision statement and understand the strategic goals along with the culture of the company
The mission and vision statements of McDonald's Corporation are actually guidelines for the management of the company involved in the global fast food industry. Started in 1940 and established as McDonald's Corporation in 1955, the company adheres to its mission statement to come up with the goods and services it offers. McDonald's adheres to its vision statement to always maintain the first rank in the fast food restaurant market. Having more than 36,000 locations globally, McDonald's has displayed toughness and success via aggressive marketing together with novelty. McDonald's accomplishments are indicators of business efficiency in meeting the objectives in its vision and mission statement.
McDonald's mission statement guides the company's strategies and strategic objectives for developing business operations. McDonald's vision statement guides the company's overall strategic direction toward its current leadership position in the…
References
Careers: McDonalds.com. (2015). Retrieved from http://www.mcdonalds.com /us/en/careers.html
Edublogs. (2012). McDonald's and Top Quality Management. Retrieved from https://opsmgt.edublogs.org/2012/09/22/mcdonalds-and-top-quality-management/
Joy. (2014). McDonald's and Operational Excellence. Blue Barn. Retrieved from http://www.bluebarn.in/mcdonalds-and-operational-excellence-2/
Hiramalik. (2009). Hr Project on Mcdonald's. Retrieved from https://www.scribd.com/doc/24449888/Hr-Project-on-Mcdonald-s
Q1. Briefly summarize the problem(s). (Assume we’ve read the case). Think about the problem from McDonald’s perspective.
Despite the fact that McDonald’s is one of the most famous companies in the world, the business model which was so critical to its massive success in the past is threatened. The critical success factors that led to its dominance are no longer present in the American fast food marketplace today. America is growing more diverse and consumers are demanding a wider variety of products, even from fast food restaurants. This includes not only the standard diversity of beef and chicken, but also ethnic diversity, as manifested in the dominance of franchises such as Chipotle. Yet the McDonald’s primary revenue remains derived from its burger offerings, chicken nuggets, and fries.
Even many of its direct competitors for its burgers are offering menu items of higher quality than McDonald’s. Fast casual restaurants are likewise encroaching upon…
References
Liebeck v McDonalds
In 1994, Liebeck v. McDonald's estaurant, also referred to as the "McDonald coffee case," was a popular case in the U.S. because it was considered frivolous. The case centers around a woman by the name of Stella Liebeck, who spilled hot coffee on her lap which she purchased from McDonald's. As a result, she suffered from third degree burns and decided to sue the restaurant for her third degree burns. Her lawsuit was granted and she gained millions of dollars from the case. The coffee was scalding hot and had the potential to cause serious damage to the skin if exposed to it (Letric Law, 2011). The major focus of this paper will be to critically analyze the McDonald coffee case on the stated facts, issues, applicable laws, and decisions made by the judge and jury.
What are the facts?
Associated with Liebeck v. McDonald's case are several facts. Stella…
References
Bagley, C.E. & Savage, D.W. (2010). Managers and the legal environment: Strategies for the
21st century (6th ed.). Mason, OH: Southwestern-Cengage Learning.
Liebeck v. McDonald's Restaurants, CV-93-02419 (1995) The Actual Facts About -- The
Mcdonalds' Coffee Case. Retrieved from the Lectric Law Library's Stacks
Cultural Issue That Affects Mcdonalds
esearch a global organization a cultural issue affects organization's interactions United States. Define cultural issue global organization. Prepare analysis ethical social responsibility issues selected organization deal a result a global organization.
Cultural issue that affects McDonalds
McDonalds' Culture global interaction
McDonalds is fast food restaurant corporations that with branches spread out in over 119 countries in the world and headquarters in united Hill C., 2009.
The corporation's branches around the world are operated either through franchising or the corporation itself. McDonalds is touted to be the most respected and recognized brands in the world. It has more than 30,000 franchised outlets serving over and above 47 million people on a daily basis Hill C., 2009()
As a corporation, McDonalds has remained committed to industry leadership and considered international operations to be a measure sufficient to remain competitive. The influx of restaurants chains has increased competition in the local market thereby increasing…
References
Beauchamp T., & Bowie N. (2004). Ethical Theory and Business: Seventh Edition. New Jersey: Pearson Prentice Hall.
Hill C. (2009). International business: competing in the global marketplace. New York: McGraw-Hill/Irwin.
Hofstede G. (1980). Culture's Consequences: International Differences in Work Related Values. Beverly Hills, CA: Sage.
McDonald's assessment to open new- fangled put up for sale outlets in airports plus hospitals encompassed proved to be flourishing. Its promotional memorandum has superior benevolence with once a year Charity Christmas Carnival in Chicago plus its Ronald Mcdonald House publicity (Hartley 1998). McDonald's has worked with school administrators to endorse interpretation programs amongst kids. McDonald's consumer service course of action is exposed in the McDonald's Guarantee. The McDonald's assurance states, your food will be burning-hot. Your service will be swift and gracious. Plus your drive-thru guidelines will be double-checked correctly. ut still if you're not pleased, we'll put it together on behalf of you. Otherwise your subsequent serving of food is on us, Guaranteed! The consumer service measures of McDonald's are centered on focusing on individual consumer at an occasion. They are further apprehensive by means of the excellence of the service than the swiftness of the service.…
Bibliography
Hartley, R.F., & Hartley, R.F. (1998). Marketing mistakes and successes. New York
Cain, H. (2003). Follow the signs to McDonald's a study of corporate marketing strategy, connecting to communities. Milwaukee, 2003.
Marketing - a Whopper of a Challenge - CEO Gregory Brenneman is looking for the recipe to turn around Burger King. (2004). Business Week. 78.
Michman, R.D., & Mazze, E.M. (1998). The food industry wars marketing triumphs and blunders.
Human esource Management |
McDonalds
McDonald's
McDonald's has been around since 1937, and has created a household name for itself being the number one ranked Fast Food Chain across the globe ("Human resource management at McDonald's," 2009). In 1993, their annual sales reached a jaw-dropping $23 billion dollars. In the United States, the organization has well over half a million workers, making it one of the biggest employers in the nation. McDonald's has around 10, 000 locations, covering 137 countries and operating over 30, 000 restaurants worldwide.
One of the main strategies of McDonalds is to increase revenue by selectively designating locations where it is believed a franchise would benefit ("McDonald's Corporation," 2010). This is done by the company placing restaurants not only in neighborhoods, but also in malls and airports to expand its target market and gain revenue. McDonalds targets markets mainly families with children, suburban communities as well as teenagers. These reasons…
References
Asuka. (2010). Strategies for effective human resource management. Retrieved from http://www.helium.com/items/588469-strategies-for-effective-human-resource-management
Hamburger university. (2010). Retrieved from
Mickey Ds
McDonalds is based in suburban Chicago and is the world's biggest quick service restaurant chain (QS, 2012). The company employs a total of 440,000 people worldwide, and operates in well over 100 countries worldwide (MSN Moneycentral, 2013). In the last fiscal year, the company earned revenue of $27.5 billion and had a net income of $5.4 billion. This paper will analyze McDonalds and touch upon some of the more fascinating aspects of the company's business. There are several different elements that are of interest ot the researcher. These include the company's globalization efforts, its human resources policies and its history.
McDonalds began as a barbeque stand in San Bernardino, CA, but eventually began a burger stand instead. One day, ay Kroc arrived. He was a milkshake machine sales person and he liked what he saw. He studied the restaurant for a while and decided he wanted to open up a…
References
Financial Post. (2013). Rich corporate culture at McDonalds is built on collaboration. Financial Post Retrieved November 21, 2013 from http://business.financialpost.com/2013/02/04/rich-corporate-culture-at-mcdonalds-is-built-on-collaboration/
James, R. (2009). McDonald's abroad. Time Magazine. Retrieved November 21, 2013 from http://content.time.com/time/world/article/0,8599,1932839,00.html
MSN Moneycentral. (2013) McDonalds. Retrieved November 21, 2013 from http://investing.money.msn.com/investments/stock-income-statement/?symbol=MCD
No author. (2013). McDonalds food you can't get here. Chicago Tribune. Retrieved November 21, 2013 from http://www.chicagotribune.com/business/ct-biz-mcdonalds-food-around-the-world,0,5168632.photogallery?index=ct-biz-mcdonalds-mcspaghetti-philippines
Market Structure
McDonalds
Market Structure: Mc Donald's Corporation
Mc Donald's Corporation
What type of market do you think your franchise operates (perfectly competitive, monopoly, monopolistically competitive, oligopoly)? What are the specific characteristics that make it this type of firm?
Mc Donald's is one of world's largest chain of fast food operates in more than 119 countries worldwide with a customer base of 47 million customers. Each outlet is operated by a franchisee or an affiliate who in turn pays royalties and fees in terms of revenue (www.mcdonalds.com).In my opinion, Mc Donald's operate in a monopolistically competitive market which according to Krugman & Wells (2009)is likely to have the following characteristics:
There are many producers and many consumers in the market.
Consumers perceive that there are non-price differences among the competitors' products.
There are very few barriers to entry and exit.
Producers tend to have a degree of control over price.
Mc Donald's is a part of the fast-food industry where…
References
Rittenberg, L. And Tregarthen, T. (2009). Principles of Microeconomics Retrieved on April 24th 2011 from www.flatworldknowledge.com
Krugman, P. & Wells, R. (2009) Micro Economics 2nd edition Worth Publisher
Solow, Robert. (1998). Monopolistic Competition and Macroeconomic Theory. Cambridge University Press
McDonalds, www.mcdonalds.com
Q1. Briefly summarize the problem(s). (Assume we’ve read the case). Think about the problem from McDonald’s perspective.
Despite the fact that McDonald’s is one of the most famous companies in the world, the business model which was so critical to its massive success in the past is threatened. The critical success factors that led to its dominance are no longer present in the American fast food marketplace today. America is growing more diverse and consumers are demanding a wider variety of products, even from fast food restaurants. This includes not only the standard diversity of beef and chicken, but also ethnic diversity, as manifested in the dominance of franchises such as Chipotle. Yet the McDonald’s primary revenue remains derived from its burger offerings, chicken nuggets, and fries.
Even many of its direct competitors for its burgers are offering menu items of higher quality than McDonald’s. Fast casual restaurants are likewise encroaching upon…
References
McDonald's New Challenges
A look at how socio-culture trends such as obesity will require that McDonald's breaks from standardization on a grand scale
(Fitness Mantra, 2007)
Industry Overview
Influence of Culture and Demographics
Supporting ork
McDonald's is the multi-national company (MNC) that has worked to break through internal barriers on a global scale. McDonald's has been at the forefront in new market expansion and the organization has now covered nearly every market on the globe (Lafontaine & Leibsohn, 2004). Despite the global coverage of operations, McDonald's has excelled in keeping its menu virtually the same. Although some room is given in terms of flexibility to incorporate items from the local culture, a Big Mac made in the U.S. tastes much like one prepared in China. This strategy has offered McDonald's a great deal of standardization through quantities of scale in different markets composed of many varieties of demographic and cultural preferences.
Furthermore, McDonald's has built innovative technology…
Works Cited
Faulkner, D., 2004. Strategy: critical perspectives on business and management. 1st ed. London: Routledge.
Fitness Mantra, 2007. FitnessMantra Weekend: The McDonald's Effect On Children's Taste. [Online]
Available at: http://www.fitnessmantra.info/2007/08/12/fitnessmantra-weekend-the-mcdonalds-effect-on-childrens-taste / [Accessed 13 July 2012].
Franchise Direct, 2010. Industry Trends. [Online]
According to Kerin, et al., (2003) all employees posses some form of power to interrupt the smooth running of operations by deciding to be uncooperative in the production processes, or just by terminating their services. Workers may abide to the power of the company, though they usually maintain a strong interest in their employment. Thus, employees and employers, to certain degree, are interdependent. As such, the company cannot depend only on coercion or conformity to get good performance form employees, the company as well require to gain cooperation and consent from the employees.
Chase, et al., (2004) asserts that the issues of subjectivity are related to analysis of actual work practices where interactive services are involved. This is because companies' actively control employees' identities. Chase, et al., (2004) stresses the anguish felt by employees when an organization exploits their feelings and personalities. Nonetheless, Kerin, et al., (2003) notes that some employees…
References
Chase, R., Jacobs, F., Aquilano, N. (2004). Operations Management for Competitive Advantage (10th Ed.): McGraw-Hill Irwin; Boston.
Kerin, R., Berkowitz, E., Hartley, S., Rudelius, W. (2003). Marketing (7th Ed.): McGraw- Hill Irwin; Boston.
McDonald website (2012): Retrieved on June, 30, 2012; from http://www.mcdonalds.com
McDonald's (2012). 2011 Annual Report: Retrieved from:
These restaurants in particular are a threat to McDonalds -- a chain like Subway has a menu better suited for older customers. There are other threats as well, such as eroding sources of wealth. As people retire, their budgets become more fixed. If they rely on pensions from their employers, many of those shifting from traditional defined-benefit plans to defined-contribution plans. Thus, more seniors are going to rely on the stock market or bond markets for their wealth. This threatens their financial security, and therefore their ability to buy McDonalds. Fortunately, the baby boomer generation picked a good time to be born, and many have wealth locked up in their homes, or accumulated from long careers in world where one could move straight from undergrad into a management job, with no student loans. This generation is fairly well off, relative to just about any other. However, those that rely…
Works Cited:
Elliott, S. (2009). The older audience is looking better than ever. New York Times. In possession of the author.
McDonald's the largest fast-food chain across the globe. This is through spanning of approximately 30,000 restaurants across the globe with the aim of maximizing its revenues and profits at the end of the financial year. McDonald's Organization aims at being the customers' favourite place and way to eat and drink as its mission to meet the needs and preferences of its consumers. The pattern of internationalisation of McDonald's Company proves to be similar in the countries of operation because of the tendency of the organization to establish contracts of areas of development with local businesspersons.
How does international business achieve its internationalisation objectives in the contemporary context?
Brief overview of the organisation and its mission/objectives related to international business
McDonalds Company is one of the most effective and explosive business entities across the 21st century (Company Spotlight, 2005). The organization focuses on the provision of quality products and services to the consumers in…
References
Company Spotlight: McDonald's Corporation. (2005). Market Watch: Global Round-up,
4(12), 78-83.
Gerhardt, S., Dudley, D., & Hazen, S. (2012). Franchising and the Impact of McDonald's.
Journal Of Management & Marketing Research, 101-10.
McDonald's has the vision of being the world's best quick-service restaurant experience (2001 Annual Report). The annual report does not note a mission statement, but the About McDonald's website lists the mission statement as
"McDonald's brand mission is to "be our customers' favorite place and way to eat." Our worldwide operations have been aligned around a global strategy called the Plan to in centering on the five basics of an exceptional customer experience -- People, Products, Place, Price and Promotion. e are committed to improving our operations and enhancing our customers' experience." (AboutMcDonalds.com, 2011).
The product portfolio diagram, as constructed using the BCG Matrix (Tutor2U.net, 2011).
STARS
Hamburgers
Fries
International Operations
QUESTION MARKS
-Coffee?
- Most new menu items
Other brands (Chipotle, Pret a Manger, etc.)
CASH COS
Lunch
Dinner
Beverages
DOGS
Breakfasts
Stars are defined as those businesses with high market share and high growth. Question marks have low market share but high growth. Cash cows have high market share and low growth. Dogs have low…
Works Cited:
About McDonalds.com (2011). Student research FAQ. McDonald's. Retrieved October 7, 2011 from
McDonald's Australia
The characteristics of multi-channel management strategies are often organized around the most effective aspects of each channel and the potential they have to contribute to the overarching marketing and selling goal (Wilson, Hobbs, Dolder, McDonald, 2004). McDonald's and their multichannel strategy across Australia, Hong Kong and the United Kingdom (UK) are unified from the standpoint of supporting the corporate messaging and branding of McDonald's. Each geography and region requires a different series of strategies and messages however if McDonald's is going to succeed. The intent of analysis is to evaluate how McDonald's structures its multichannel strategy, varying messaging, content and delivery to fit the specific expectations, needs and wants of each region and country.
Analysis of Multichannel Strategies
The case provides interesting insights into how McDonald's uses their websites as branding platforms that extend into delivering memorable, fun and unique experiences for it customers. Making the point that the websites are…
References
James B. Arndorfer. 2005. McDonald's Lovin' Its New Model. Television Week, August 1, 17.
Danielle Long. 2006. McDonald's unveils digital strategy. Revolution, December 1, 15.
Jennifer Rowley. 2004. Online branding: the case of McDonald's. British Food Journal 106, no. 2/3, (February 1): 228-237.
Smith, C.. 2007. Doing content for the kids. Marketing, October 24, 25.
McDonald's Corporation
This is an attempt to study the history and development of one of the great institutions of United States and a part of the images of the country that has spread in the whole world. As is well-known, the dominance of the world by United States came after the Second World War when the traditional leaders of United Kingdom and Germany lost their predominant positions due to the destructions of the war, and the impact of change in economic order due to the freedom of many countries. This was the freedom of the colonies and United States had been one of the first colonies to be free, and the former colony became the leader, along with Russia which was the pathfinder of the failed social and economic structure of communism. It was a contest between the two to prove the relative superiority of the two systems, and the old…
Bibliography
McDonald's Marketing Strategies. [Internet]
Available from http://www.marketingtops.com/marketing/marketing55.html [Accessed 24 April 2004]
McDonald's keep thinking up good deals for their customers nowadays due to the drop in sales and reduction of margins that the company is facing, and one of that is to provide extra benefits to their customers, and this is often achieved by increasing the quantity served by just adding item quantities at a very low price.
Fascinating Mcfacts about McDonald's International. The Times November 11, 1996
McDonalds also places strong emphasis on marketing to children, including the use of playgrounds in its restaurants. As a result, McDonalds is able to maintain some pricing power over its customers and to attract customers to its restaurants despite strong competition from a wide number of sources.
Issues and Challenges: McDonald's operates in a number of mature markets, where growth is slow. Growth is now focused not only on overseas markets but for the most part on less desirable overseas markets, the China and India excepted. This has slowed the pace of growth for the company in recent years. Another challenge has been the economic downturn that saw many customers reduce their meals away from home. The result of these two challenges has been that McDonald's saw a reduction in its revenue in fiscal 2009 (MSN Moneycentral, 2010).
The childhood obesity issue is the latest in a string of challenges faced…
Works Cited:
Allen, N. (2010). McDonalds Happy Meals with toys banned to fight childhood obesity. The Telegraph. Retrieved July 25, 2010 from http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7647021/McDonalds-Happy-Meals-with-toys-banned-to-fight-childhood-obesity.html
CBC. (1990) Muscovites mad for McDonald's. Canadian Broadcasting Corporation. Retrieved July 25, 2010 from http://archives.cbc.ca/economy_business/business/clips/12844/
Chatterjee, S. (2009). McDonald's offers potato burger with fries, no onions in India. Bloomberg. Retrieved July 25, 2010 from http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aS3rBACqZf7Q
Holguin, J. (2003). Fast food linked to obesity. CBS News. Retrieved July 25, 2010 from http://www.cbsnews.com/stories/2004/01/05/health/main591325.shtml
The bottom line is that by seeking to create operational efficiencies through process improvement, the company has been able to continually become more profitable and grow more efficiently than its competitors.
Appendix A: McDonald's Financial Analysis
McDonald's Corporation atio Analysis
Profitability atios
OA % (Net)
OE % (Net)
OI % (Operating)
EBITDA Margin %
Calculated Tax ate %
evenue per Employee
Liquidity Indicators
Quick atio
Current atio
Net Current Assets % TA
Debt Management
LT Debt to Equity
Total Debt to Equity
Interest Coverage
Asset Management
Total Asset Turnover
eceivables Turnover
Inventory Turnover
Accounts Payable Turnover
Accrued Expenses Turnover
Property Plant & Equip Turnover
Cash & Equivalents Turnover
eferences
Pat Galagan "OLD SCHOOL GETS NEW OLE. " T + D 1 Nov. 2006: 36-39,4. ABI/INFOM Global. ProQuest. 24 Feb. 2009
Joyce Jenkins.. "Cooking Up a ecipe for Effective Leadership. " Leadership in Action 28.1 (2008): 16. ABI/INFOM Global. ProQuest. 23 Feb. 2009
Macrae, Chris, Parkinson, Stephen, Sheerman, Janette. "Managing marketing's DNA: The role of branding. " Irish Marketing eview 8.(1995): 13. ABI/INFOM Global. ProQuest. 23 Feb. 2009
James P.…
References
Pat Galagan "OLD SCHOOL GETS NEW ROLE. " T + D 1 Nov. 2006: 36-39,4. ABI/INFORM Global. ProQuest. 24 Feb. 2009
Joyce Jenkins.. "Cooking Up a Recipe for Effective Leadership. " Leadership in Action 28.1 (2008): 16. ABI/INFORM Global. ProQuest. 23 Feb. 2009
Macrae, Chris, Parkinson, Stephen, Sheerman, Janette. "Managing marketing's DNA: The role of branding. " Irish Marketing Review 8.(1995): 13. ABI/INFORM Global. ProQuest. 23 Feb. 2009
James P. Miller.. "McDonald's reports strong January sales. " McClatchy - Tribune Business News 10 February 2009, 12-14. ABI/INFORM Dateline. ProQuest. 21 Feb. 2009
McDonald's Market Structure
McDonald's (2010) is one of the most recognizable brands around the world. It is the world's largest food chain and has more than 32,000 locations in more than 110 countries. Operating it's own brand, McDonald's franchises its brand to local business people; approximately 70% of McDonald's restaurants are franchised. As of 2009, 80% of McDonald's restaurants were franchised business with the remaining 20% being were company-operated. McDonald's serves more than 47 million customers on a daily basis and employs upwards of 1.5 million people. The chain has adapted to cultural regions and offers items such as the Teriyaki Mac in Japan, substitutes lamb for beef in India, and offers variants of the Filet-O-Fish in China ("Fast Food Market Share," 2011).
McDonald's functions as an oligopoly in the burger themed fast food franchise industry. An oligopoly occurs when few firms dominate the market. For example, in the Spanish market, burger…
References
Humphries, J. (2011). Fast Food Market Share. Retrieved from Next Generation Food:
http://www.nextgenerationfood.com/article/fast-food-market-share/
McDonalds (MCD). (n.d.) Retrieved from Wikinvest:
http://www.wikinvest.com/stock/McDonald%27s_%28MCD%29
McDonald's And Hardees
In a recent visit to two competing fast food franchise restaurants, McDonald's and Hardees, there were many different operational processes that were identified. For example, McDonald's has a more diversified menu that caters to more consumers while Hardees by contrast seems to utilize more of a niche strategy. Both operations seem fairly efficient and effective towards the operational goals that they seem to promote. I think they are both offering the products that they should be. McDonalds has a larger menu and Hardees has more of a targeted niche.
Each organization utilizes technology to meet their operational objectives and operates efficiently based on these objectives. Between the two operations, McDonald's seem to have the technological edge however and their operations are streamlined through a dedication to operational excellence that uses advanced technological systems as a foundation for its business functions. McDonalds must be more efficient to offer the more…
Works Cited
Higuera, V. (N.d.). Seasonal Factors Affecting the Restaurant Industry. Retrieved from Small Business Chron: http://smallbusiness.chron.com/seasonal-factors-affecting-restaurant-industry-31192.html
McDonalds. (N.d.). Full Menu Explorer. Retrieved from McDonalds: http://www.mcdonalds.com /us/en/food/full_menu/full_menu_explorer.html
Nunez, A. (2011, July 26). McDonalds To Announce Improved Commitment To Nutrition. Retrieved from Shape Magazine: http://www.shape.com/healthy-eating/meal-ideas/mcdonalds-announce-improved-commitment-nutrition
Wong, V. (2013, June 5). Carl's Jr., Hardee's Are Wooing McDonald's 'Deprived' Angus Eaters. Retrieved from Bloomburg Business Week: http://www.businessweek.com/articles/2013-06-05/carl-s-jr-dot-hardees-woo-mcdonalds-deprived-angus-lovers
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 to its consumers. A mission statement does not review the vision of the company but when held against it the mission statement must be clearly in agreement with the vision statement. A Mission statement may define the purpose or broader goal for being in existence or in the business. It serves as an ongoing guide without time frame.
The mission statement should be a clear and succinct representation of the enterprise's purpose for existence. It should incorporate socially meaningful and measurable…
McDonald's
Food is an icon of culture. For marketers, this has many ramifications. Food can be sold to overseas communities simply for its comfort value -- the familiarity of the food reconnects the diner with the culture. Despite this, it is relatively easy to sell foreign food in most countries. hether people have an innate curiosity or for some other reason, people often like to explore food. McDonald's is an example of a company that has been able to translate its menu around the world with relatively few difficulties. The company has habit of tailoring its menu for local tastes in order to gain traction in foreign markets. At times, this requires significant adjustments, such as in India (Petrun, 2009).
hen the company moved into the UK market, it did not need to make many adjustments to the menu. There is a high degree of cultural similarity between the U.S. And the…
Works Cited:
BBC. (2011) McDonald's sales boosted by European demand. British Broadcasting Corporation. Retrieved May 8, 2011 from http://www.bbc.co.uk/news/business-12399130
Bistro Magazine. (2011). Spice it up. Bistro Magazine. Retrieved May 7, 2011 from http://www.bistromagazine.com.au/2011/03/spice-it-up/
Daily Record. (2011). We're lovin it! McDonald's has record sales weekend as UK families search for cheap deals. Daily Record. Retrieved May 7, 2011 from http://www.dailyrecord.co.uk/news/business-news/2011/04/21/we-re-lovin-it-mcdonald-s-has-record-sales-weekend-as-uk-families-search-for-cheap-deals-86908-23077490/
Hall, J. (2009). McDonald's creates 5000 jobs in UK after record sales in 2009. The Telegraph. Retrieved May 7, 2011 from http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/7055643/McDonalds-creates-5000-jobs-in-UK-after-record-sales-in-2009.html
MCDONALD'S
Making Strategic Choices Strategic choice centre strategy formulation helps align company competitive edge. If choices made, a thinking strategy. However, forget limits range strategic choices lack resources, capabilities, internal external organizational issues.
McDonald: Strategy
What recent strategic choices have been made by the top folks at your organization that help the company to be more competitive?
In the wake of the negative publicity generated by Morgan Spurlock's documentary Supersize Me, many prophesized the decline of McDonald's. Coupled with the American obesity crisis and calls to regulate fast food, it seemed unlikely that the company could retain its image as a wholesome, All-American company. However, McDonald's fortunes quickly rebounded after a slump in 2003. The company halted its rapid expansion and "instead focused on improving the food, service, atmosphere and marketing at its existing outlets: (Adamy 2009). The company's bottom line improved, partially in thanks to the recent recession. Americans who used to dine…
References
Adamy, Jane. (2009). McDonald's seeks ways to keep sizzling. The Wall Street Journal.
Retrieved:
http://online.wsj.com/article/SB123664077802177333.html
In a pull system, immediate customer demand pulls or drives production goals. The greater the customization demanded by customers; the more fragile the product may be, and the more quickly demand is likely to fluctuate and elude forecasting data of the past, the more a pull system, despite its potential for being slower, is attractive. Even a diner must use a pull system when making eggs, for example, because it cannot 'hold' eggs for very long. A customized dress maker cannot predict what type of garment his or her customers will desire, and customization is part of the service the high-end are paying for, when they ask for a garment. A push system is best when demand is predictable, and when the products take a long time to produce. A Christmas tree farmer must use the data of the past, as trees cannot be grown within a few months,…
Works Cited
McGinn, Dan. (1 May 2001). "McDonald's Case Study: Burger Time."
The Jungle Magazine.
Retrieved 16 Jul 2007 at http://www.jungleonline.com/magazine.cfm?INC=inc_article.cfm&artid=1503&template=1&date=May2001&refid=g3
McDonald's Corporation: Assessment Of Process Strategies
Assessing McDonald's Process and Location Strategies:
Best Practices in Quick Service esturants (QSs)
McDonalds' Corporation has over decades of experience with its supply chains, sourcing and procurement networks learned how to create an optimally balanced fulfillment network to support is thousands of QS locations globally. In order to achieve the economies of scale the company has been able to rely on for continued profitable operations, the focus has shifted away from pure customization to support mass customization and a very high level of consistency of process execution to reduce costly variation in orders, products, pricing and service. This standardization of processes has given the company a formidable competitive advantage and made them the global leader in repetitive focused strategies in the QS industry worldwide (Cramer, 2009). In support of this repetitive-focused strategy, McDonald's continues to invest heavily in Total Quality Management (TQM) initiatives that include Six Sigma…
References
Cramer, M.. (2009). The Emerging Role of Operations Research at McDonald's. OR-MS Today, 36(4), 22.
William Hoffman (2006, February). They're Lovin' Logistics. Traffic World, 20.
David Walters, & Mark Rainbird. (2004). The demand chain as an integral component of the value chain. The Journal of Consumer Marketing, 21(7), 465-475.
McDonald's
Since the inception of Hamburger University the emphasis has been on creating consistent restaurant services, procedures, quality and cleanliness. This has become the center of Global excellence for Mc Donald's leadership development and operations training. The mission for training at the University is the development of talent with students who are very committed in service, quality, value and cleanliness. Students who have gone through Hamburger University have nothing short of praises for the institution. They all attest to the fact that this is the best thing that Mc Donald's has done for itself and everyone who goes through the institution. The alumni say they come out of the insutution with adequate knowledge they find extremely useful in the job market. The Hamburger University is the nerve center of the training operations in Mc Donald's where the training, learning and development team brings the same focus top the development of employees…
References
Prokopeak, M.(2012). McDonald's USA: Where Burgers Are Big Business.Retrieved August 12,2013 from http://clomedia.com/articles/view/where-burgers-are-big-business
Kowitt, B.(2012). Why McDonald's wins in any economy. Retrieved August 12,2013 from http://management.fortune.cnn.com/2011/08/23/why-mcdonalds-wins-in-any-economy/
5% 2010 over 2009, indicating a major growth bounce back. What these figures indicate is that McDonalds may be priced at the high end of its range. The company is trading just off of its 52-week high and indeed is just off of its 10-year high.
The market's growth assumptions are reasonable. China has not faced a strong economic downturn and is therefore going to continue to be a robust market for the company. Same store sales in April were up 4.9%, indicating that McDonalds' demand is coming out of the economic downturn. The company has been able to penetrate the Indian market, where it cannot market either beef or pork. Overcoming a challenge like that demonstrates that this company can continue to expand until it saturates the entire planet if it so desires.
The major international threat, Yum Brands, is expanding rapidly to build out market share but is highly leveraged.…
In addition, product innovations such as: "McCafe beverage line, new snack offerings, and the national launch of McCafe frappes and real-fruit smoothies have provided a meaningful extension to the McCafe line that was well-received by customers" (McDonald's.com. 2010 Annual eport. PP. 12). The U.S. segment has also benefitted from a move to healthier options: salads, lower caloric meals, and reduced fat choices which have brought in new foot traffic to restaurants.
In Europe the focus has been on Coffee and the McCafe line. Like the U.S., coffee has proven to be a profitable menu item despite considerable competition from Starbucks, Green Mountain, and Dunkin. McDonald's has "expanded the coffee business to 1,300 McCafe locations, which are separate areas inside the restaurant that serve specialty coffees, indulgent desserts and light snacks" (McDonald's.com. 2010 Annual eport. PP. 12).
The APMEA market represents a diverse offering:
A third Angus burger option in Australia and the…
References
Kowitt, B. (March 23, 2012). McDonald's CEO Skinner on Retirement: It's the Perfect
Time. CNN Fortune.com. PP. 1-2. Retrieved April 10, 2012 from http://management.fortune.cnn.com/2012/03/23/mcdonalds-ceo-skinner-retirement/
McDonald's.com. (2012). About McDonald's. McDonald's.com. Retrieved April 10,
2012 from
external supply.
d) When expanding, a crucial decision refers to the actual place in the foreign country where to open the new operational facility. This should be selected based on the concentration of the target market as well as its access to the location.
e) The fact that the company has been successful in the past does not automatically mean that it will be successful in the future expansion projects. It is crucial to adapt each decision to the specifics of the expansion project.
f) The decision of whether to use a local or a delegated managerial team depends on each situation and should be made after a thorough analysis of the project features and requirements.
g) While it cannot be said that a specific industry or business is recession proof, the McDonald's experience in India has shown that there are still businesses which thrive in times of crisis. It is as such…
References:
Adams, B., 2007, McDonald's strange menu around the world, Trifter, http://trifter.com/practical-travel/budget-travel/mcdonald%E2%80%99s-strange-menu-around-the-world / last accessed on October 13, 2010
Bellman, E., 2010, McDonald's to expand in India, Wall Street Journal, http://online.wsj.com/article/SB124628377100868055.html last accessed on October 13, 2010
Laws, E., Faulkner, H.W., Moscardo, G., 1998, Embracing and managing change in tourism: international case studies, Routledge, http://books.google.com/books?id=uLfiZCnkUK8C&dq=disney+in+europe&source=gbs_navlinks_s last accessed on October 13, 2010
Sidhpuria, Retailing franchising, Tata McGraw-Hill, http://books.google.com/books?id=QkOciPWuuD8C&dq=mcdonald%27s+entry+in+india&source=gbs_navlinks_s last accessed on October 13, 2010
McDonalds is one of the strongest brand names famous all over the world. Any part of the globe u trot and u will find some McDonalds outlet in some nook and cranny.
ay Kroc is the person behind what McDonalds stands for today. The success story of McDonalds starts with his story when he sold milk shake mixer that could shake five milk shakes simultaneously to a restaurant in California that was more of a hamburger stand. McDonald brothers ran this stand with idea of quality, service, cleanliness and value or affordable prices. The same Q, S, C & V later became McDonalds mantra when ay Kroc opened first franchise in 1955. By the year 160 around two hundred restaurants started functioning all over United States. ay Kroc as a visionary made note of social and demographic trends in United States. With increase in disposable income and women workforce also swelling,…
Reference:
Johns, D. (2003). McDonald's Losing Revenue in worldwide Market. Retrieved from website: http://www.thehilltoponline.com/media/paper590/news/2003/04/11/NationWorld/Mcdonalds.Losing.Revenue.In.WorldWide.Market-415308.shtml
McDonalds
In the last 30 years, developing markets have shown the potential for fast food restaurants to realize increasing profit margins. This is because markets such as China provide them with the capacity to offer unique products and experiences to customers. However, specific concepts must be integrated with each other to effectively connect with them. In the case of McDonalds, they are facing considerable challenges and opportunities in China. (Allon, 2012) ("McDonalds and KFC")
A good example of this can be seen with observations from a report conducted by Zach's esearch which said, "The U.S. business accounts for 30% of the fast-food giant's overall revenues. The region has not been able to post positive comps since Oct 2013 mainly due to heightened competition and a few wrong decisions that have slowed service. Moreover, the headwinds in the international market have compounded the woes for the domestic market. Going forward, we remain wary…
References
McDonald's Earnings Beat. (2014). Zacks.com. Retrieved from: http://www.zacks.com/stock/news/151017/mcdonalds-earnings-beat-sales-miss-as-us-amp-china-falter
McDonalds and KFC. (n.d.)
Allon, I. (2012). Global Franchising Operations Management. Upper Saddle River, NJ: Pearson.
Cendrowski, S. (2004). Why McDonald's Supplier Failed in China. Fortune. Retrieved from: http://fortune.com/2014/09/02/why-mcdonalds-supplier-failed-in-china/
On the job, workers have complained that "clock card entries being altered by managers to save on labour expenses," is rife, as is being forced to work beyond the stated limits of their shift.
Retention
McDonald's employees and managers have alleged that retention is deliberately kept low, to avoid paying benefits and raises, and because new, less well paid workers can easily fill the rote jobs. "Most of the crew in store were generally made to feel as if they were fully expendable" (Cranna 1995). "The relatively young age and little previous work experience of McDonald's crew members means that shouting is one of the main methods used by management to discipline staff...we've seen staff reduced to tears"(MacDougall 2003).
Diversity
According to its corporate website, McDonald's has been recognized for its achievements in employing Black, Asian, and disabled worker and affirms its commitment to diversity more than a quarter of the company officers and…
Works Cited
Cranna, Andrew. "Witness Statement." McLibel Transcripts. 1995. 29 Apr 2008. http://www.mcspotlight.org/people/witnesses/employment/cranna_andrew.html
Diversity Facts." McDonald's Corporation. 2008. 29 Apr 2008.
McDonald's Coffee Case Overview
what in good faith was the responsibility on the part of McDonald's and the defendants? Clearly good faith on the part of McDonald's would have been to not serve scalding hot coffee in the first place. McDonald's also could have printed a warning on each Styrofoam cup -- in very large letters -- "Caution: Very Hot Coffee." But since McDonald's didn't provide ample warnings about the scalding nature of its beverage that assumes the fast-food company either didn't know that a coffee temperature of 180 degrees Fahrenheit can cause third degree burns; or McDonald's simply didn't care and blithely assumed that no customer would be clumsy enough to spill the coffee. Either way, good faith on the part of the company was sidetracked or pushed out of sight, so to speak.
Good faith on the part of the customer, Ms. Liebeck, would have been to perhaps feel that…
Works Cited
ATLA Fact Sheet. Consumer Attorneys of California. 1996.
McDonald's. "Mission & Values." Retrieved February 14, 2015, from http://www.aboutmcdonalds.com . 2014.
This allowed McDonalds to be able bringing in a variety of products to include: lettuce, tomatoes and other ingredients. (Cavusgul, 2002, pp. 207 -- 215)
What mistakes were made?
There were no mistakes that were made by the company. This is because they were able to augment different cultural factors, with other elements to create a one of a kind product. A good example of this can be seen with McDonald's celebrating the 20th anniversary of opening their first store in Russia. This store served as the testing ground that allowed the company to open over 240 restaurants throughout the country. ("Anniversary of Hamburger Diplomacy," 2010)
Whether this product is still in the marketplace and how it has evolved over time?
The various products and services that are being offered by McDonalds are still in the marketplace. However, they have evolved over the last several years. This is because there has been a…
Bibliography
Anniversary of Hamburger Diplomacy. (2010). About McDonalds. Retrieved from:
McDonald's
Consider what your firm produces. What are some things that would change the demand for your product? How does quantity demanded change?
McDonald's produces fast food products. Its main products are French fries, hamburgers, and various chicken products including chicken sandwiches and chicken nuggets. McDonalds also sells other products that face different demands depending upon location, including coffee, breakfast products, desserts, and even pork sandwiches. "Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship" (Investopedia, 2012). One of the reasons that demand for McDonald's products is relatively high is that McDonald's is able to keep pricing low because they have an adequate supply to meet demand. Therefore, changes in supply will lead to changes…
3. What if the government raised the minimum wage? How would this policy affect your firm?
If the government raised the minimum wage, that policy would have some impact on McDonald's, but probably not as much of an impact as some people would fear. McDonald's is an incredibly profitable organization and a minimum raise in wages really would not impact its financial bottom line in a significant manner. Imagine a dollar per hour increase in minimum wage and that the average McDonald's is staffed with 10 employees during prime hours; this means that the business owner must spend an additional $10 per hour. The goal is customer service within 90 seconds, so they expect to service 45 customers per hour. Keeping in mind that each person's meal would also have a minimum increase in supply costs because of the increase in minimum wage, a price increase of $.25 cents spread over the entire order would completely absorb the costs of the wage increase without impacting sales. A parent purchasing an adult meal and two kids' meals might pay an extra $.13 for the adult meal and $.06 for each kid's meal without even noticing the difference. It is doubtful that a shift this small would move the equilibrium point between quantities supplied and demanded (NetMba, 2010). Given that a minimum wage increase would also mean more available income for many of McDonald's potential customers, teenagers and the poor, I do not believe that a minimum wage increase would have a tremendous negative impact on the firm.
4.
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