Q1. Identify the key elements in McDonald’s global marketing strategy (GMS). In particular‚ how does McDonald’s approach the issue of standardization? Answer: The popularity of American-style food such as hamburger‚ fries‚ coke is growing around the world. Also‚ the restaurants in foreign countries want to borrow McDonald’s brand power to get more profit and customer wants to taste US fast food. However In many countries‚ main items are adapted according to the customs and tastes of individual
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THE ROLE OF ADVERTISING IN MARKETING COMMUNICATIONS Marketing communications: Marketing communications are the means by which firms attempt to inform‚ persuade‚ and remind consumers – directly or indirectly – about the products and brands that they sell. In a sense‚ marketing communications represent the “voice” of the brand and are a means by which it can establish a dialogue and build relationships with consumers. Marketing communications perform several functions for consumers. Consumers can
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Week 1: Consumer Psychology and Marketing Communication PSY/322 June‚ 11 2013 A business needs to have the ability to properly understand their consumer base so they are able to produce products and make marketing strategies that will appeal to the target audience. Consumer psychology allows the business to obtain information that will lead to understanding the consumers. Marketers want to understand many factors related to the consumers personalities and how it influences his or
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An Analysis of McDonald ’s Table of Contents Executive Summary 3 I. Background and History of McDonald ’s 4 II. Analysis of McDonald ’s 5 The industry environmental Markets 5 External Environmental 7 SWOT Analysis 10 Company performance over time– financial outlook – stock analysis 12 Strategy/Five Forces Framework 15 III. Issues involving McDonald ’s 20 Advertisement
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Consumer Psychology and Marketing Communications At any given moment during the day‚ decisions such as which brand of merchandise to purchase‚ which color paint to select‚ or what cable service provider to go with are being made by consumers. The selection and behaviors of the consumers go beyond their personal preferences and has been studied by psychologists for over a century. Knowing what appeals to consumers and what their preferences are is a crucial part of the business’s success. In
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word association test: QSC – Quality‚ Service‚ Cleanliness Ronald McDonald House McDonald’s All-American Band – Macy’s Day Parade McDonald’s High School All-American Basketball Big Mac Egg McMuffin Billions and Billions Sold McNuggets Super Size it! “Cheeseburger‚ Cheeseburger!” Hot Coffee – The Verdict Golden Arches McJob! 10976/009/00173176-3SLS 1 All of those phrases and images are a tribute to the marketing power and genius of Ray Kroc and the McDonald’s restaurant empire
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International marketing Case 2-7 Q1) How should McDonalds respond when ads promoting healthy lifestyles featuring Ronald McDonald are equated with Joe camel and cigarette ads? Should McDonalds eliminate Ronald McDonald in its ads? A1) in my opinion‚ changing the character Ronald or eliminating it is not the answer‚ the answer is for McDonalds to emphasis that cigarettes are always harmful‚ in contrast McDs menu has a variety of healthy options‚ so the comparison is wrong because it is
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Bahaudin G. Mujtaba. (2007). McDonald’s Success Strategy and Global Expansion through Customer and Brand loyalty Vernon life cycle reference: Figure 3: (2010) Sunanda Chavan . (2010). What made McDonald ’s big in India. Available: http://www.managementparadise.com/forums/marketing-management/205743-what-made-mcdonald-s-big-biz-india.html . Last accessed 23rd Jan 2011. (2010)
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can see through the analysis that there are certain areas where Mc Donald’s can improve its performance. Mc Donald’s EFE Matrix McDonalds is one of the Americas largest fast food chain. It was opened in 1940. McDonalds head quarter is at Oak Brook Illinois. Being the market dominator in the fast food market it is necessary to understand what is making McDonalds a leader in its market segment. So for that we will go through an EFE Matrix. External Factor evaluation (EFE) is the widely known
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Paul Munnelly Business Logistics & Transportation Case Study 1 Integrated Logistics for DEP/GARD Company: C1 C2 C3 C4 C5 C6 Percentage: 60‚60‚15‚15 25‚25‚15‚15 15‚15‚25‚25 60‚60 25‚25 25‚25 Compound: A B E F A B C D A B E F C D E F C D DEP Materials Inventory (7 Days) Manufacturing (6-8 Days) Distribution Warehouse DEP Truck (since destination is within 200 miles) GARD 1. As
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