McDonalds Busines
Abstract
This summary discusses the McDonald’s Corporation and how they achieve success through teamwork and persistence. The McDonald’s Corporation has been in operation for decades and has consistently remained at the head of the pack in all areas of business. In this summary, I would like to share many different aspects of the company, as well as what sets them apart from the rest of the restaurant world. Information covering the history of the company will be shared and I will also discuss the franchise logistics and corporation statistics of the company. Lastly, I will share the leadership strategy of the McDonalds Corporation.
Introduction
In this module I have learned a vast amount of information dealing with groups. I have learned what it takes to make a group work and how to best function together. While learning about these processes, my group was inspired to present the group dynamics of the McDonald’s Corporation. There are many areas in which McDonald’s expresses togetherness as well as an efficient business strategy. Throughout this report I will give information on the history, franchise, corporation and leadership of the McDonald’s Corporation. This corporation is a perfect example of great teamwork in every aspect of operations and they have been able to master the art of franchise inside and out.
History The first McDonald’s was originally started by the McDonald brothers Mac and Dick in 1954. The McDonald’s Corporation was founded by Ray Kroc, in 1955. Kroc discovered the McDonald brothers and was impressed with their system and sales he then influenced them to let him take the business to another level (McDonalds, 2010). He clearly knew his way around the restaurant business, because in 1958 McDonald’s had already sold its 100 millionth hamburger. Ray Kroc had a unique philosophy for the restaurant business; the McDonald’s web site shares, “Kroc wanted to build a restaurant system that would be famous for food of consistently high
This summary discusses the McDonald’s Corporation and how they achieve success through teamwork and persistence. The McDonald’s Corporation has been in operation for decades and has consistently remained at the head of the pack in all areas of business. In this summary, I would like to share many different aspects of the company, as well as what sets them apart from the rest of the restaurant world. Information covering the history of the company will be shared and I will also discuss the franchise logistics and corporation statistics of the company. Lastly, I will share the leadership strategy of the McDonalds Corporation.
Introduction
In this module I have learned a vast amount of information dealing with groups. I have learned what it takes to make a group work and how to best function together. While learning about these processes, my group was inspired to present the group dynamics of the McDonald’s Corporation. There are many areas in which McDonald’s expresses togetherness as well as an efficient business strategy. Throughout this report I will give information on the history, franchise, corporation and leadership of the McDonald’s Corporation. This corporation is a perfect example of great teamwork in every aspect of operations and they have been able to master the art of franchise inside and out.
History The first McDonald’s was originally started by the McDonald brothers Mac and Dick in 1954. The McDonald’s Corporation was founded by Ray Kroc, in 1955. Kroc discovered the McDonald brothers and was impressed with their system and sales he then influenced them to let him take the business to another level (McDonalds, 2010). He clearly knew his way around the restaurant business, because in 1958 McDonald’s had already sold its 100 millionth hamburger. Ray Kroc had a unique philosophy for the restaurant business; the McDonald’s web site shares, “Kroc wanted to build a restaurant system that would be famous for food of consistently high
References: Bloomberg. (2013, August 6). McDonald’s Franchisees Rebel as Chain Raises Store Fees. Retrieved November 20, 2013, from http://www.bloomberg.com/news/2013-08-06/mcdonald-s-franchisees-go-rogue-with-meetings.html Bloomberg Business Week. (2013, November, 20). McDonald’s Corp. Retrieved November 20, 2013, from http://investing.businessweek.com/research/stocks/people/person.asp?personId=547420&ticker=MCD McDonald’s. (2012). 2012 Summary Annual Report. Retrieved November 20, 2013, from http://www.aboutmcdonalds.com/mcd/investors/annual_reports.html McDonald’s. (2010). Our Story. Retrieved November 20, 2013, from http://www.mcdonalds.com/us/en/our_story.html, Merriam-Webster’s Collegiate Dictionary (10thed). (1995). Springfield, MA: Merriam-Webster, Incorporated.