COMPANY NAME: McDonald’s Corporation INDUSTRY: Food McDonald’s Corporation COMPANY WEBSITE: (www.mcdonalds.com) COMPANY BACKGROUND: Ray Kroc found McDonald’s corporation‚ a successful fast food restaurant‚ in 1955 were his vision was to create McDonalds restaurants all over the U.S‚ and within 3 year of establishing the franchise the corporation was already selling its 100 millionth burger. The franchise has now became a successful global fast food restaurant that sells a variety of items and has
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the 90th-largest economy in the world and the $8.7 billion in revenue from franchise store alone‚ makes McDonald richer than Mongolia (SEC‚ 2012). McDonald employs 1.8 millions people worldwide. It is actually the biggest employer of USA (McDonald’s statistics). The report will be divided in four main parts. First of all‚ the author will defined and analysed the different approaches that McDonald used for the next 3 topic areas of IHRM‚ which are: the Recruitment‚ the training and career planning
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Porter ’s Competitive Forces Used as Industry Standards Porter ’s Competitive Forces Used as Industry Standards In business today there are many factors‚ aside from products and services that contribute to industry dynamics and standards. It is generally understood that a SWOT analysis be conducted in order to identify a company’s: Strength‚ Weakness‚ Opportunity‚ and Treat. Through this analysis‚ a company will develop methods of doing business by which a company can
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Centripetal force From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Not to be confused with Centrifugal force. This article contains many unreferenced sections and needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (January 2011) Roller coaster cars are forced through a loop by the track applying a centripetal force on them. A reactive centrifugal force is applied
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The electric field depicts the surrounding force of an electrically charged particle exerted on other electrically charged objects. The concept of an electric field was introduced by Michael Faraday. The electric field is a vector field with SI units of newtons per coulomb (N C−1) or‚ equivalently‚ volts per metre (V m−1). The SI base units of the electric field are kg⋅m⋅s−3⋅A−1. The strength or magnitude of the field at a given point is defined as the force that would be exerted on a positive test
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External Forces Organizational change can be caused by external forces and internal forces. External forces commence outside of the organization and not only do they affect a company‚ but they also cause global affects. There are four components that play a crucial role in change of a organization from an external forces view. These four key factors allow a company to under go change and reconstruct its organization to improve its production and services. Demographics in the work place a re
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DEPENDENCY THEORY: - Economic development theorists over the last few centuries have developed models for explaining the “undeveloped-ness” of countries in the third world countries. From Durkheim to the International Monetary Fund (IMF)‚ we have‚ time after time‚ come to witness the rise and fall of development theories and their explanations for the predicament that many poor countries face. Dependency theory has (more so than others) lasted a great deal of time in the framework of the international
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Five Forces 1 The Five Forces Southwest Airlines 2 Michael Porter’s ideology of The Five Forces Model is the framework for the modern thinking about competition and strategy (Magretta‚ 2010). The five forces that any company needs to address in any industry are‚ The Threat of Entrants‚ The Bargaining Power of Buyers‚ Threats of Substitutions‚ The Bargaining Power of Supplier‚ and The Intensity of Competitive Rivalry. The forces are interrelated in such a way that if implemented accordingly
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interest in the success of a business. A stakeholder can affect the businesses processes and outcomes. -MCDONALD’S STAKEHOLDERS- CUSTOMERS One of the main stakeholders for McDonalds is the customers. They have a stake in the business‚ because they buy food and bring in the revenue. If people chose to buy food elsewhere and McDonalds would have no customers and would fail as a business. Their interest as a stakeholder is the quality of the service and food. Customers are affected by large organisation
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In 2012‚ when discussing the regionally aligned forces mission‚ CSA GEN Ray Odierno stated “We will have units that will train to certain [combined arms] levels‚ then as they get requirements from combatant commanders they will train and be capable of conducting operations in those areas for that combatant commander.” Describe the benefits and shortcomings of regionally aligned forces and the training scenario outlined above. Should BCTs be regionally aligned? Mandatory defense spending reductions
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