1 The Business Strategy of Mcdonald’s As one of the most successful fast food chain in the world‚ throughout the development of McDonald’s‚ we could easily identify many successful business strategy implementations. In this paper‚ I will discuss …........‚ which linked to the company’s structure and external environment. This paper is organized as follows: In the first section‚ I will give brief introduction to …....... In the second section‚ I will analyze …............. I will then analyze
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Marketing Research for Pass1 Unit 3 Definition The management process through which goods and services move from concept to the customer. As a practice‚ it consists in coordination of four elements called 4P’s: (1) identification‚ selection‚ and development of a product‚ (2) determination of its price‚ (3) selection of a distribution channel to reach the customer’s place‚ and (4) development and implementation of a promotional strategy. As a philosophy‚ marketing is based on thinking about
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leading to product failures | Opportunities (O) 1. Increasing eating out trend 2. Growing market for hot drinks 3. Growth of franchise operated restaurants | SO Implications 1‚3-1 Maintain brand reputation and customer loyalty 4-2 Expand the McCafé line of hot drinks 5-3 Increase franchises through existing developmental license strategy | WO Implications 2‚3-3 Must maintain brand identity and reputation to gain more franchises | Threats (T) 1. Rise in commodity prices 2. Growing trend
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the world most admired company (fortune‚ 2014) [http://fortune.com/worlds-most-admired-companies/google-3/‚ accessed on 13.12.2014] Royal and Strong Customer base‚ Reputation for high-quality coffee‚ Value share of 40% while Costa coffee (4%) and McCafe (3%)3 3. [Starbuck Crop in Consumer Foodservice (World)‚ Sep 2014‚ Passport) 3. Dynamic R&C Tangible – Strong revenue growth - non-GAPP operating income of $2.5 billion‚ Store design due to local place and promote store as a “third place” Intangible
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Legal Form of Ownership 3 B3. Location and Facilities 3 B4: Management Structure 3 B5. Products and Services 3 C. Market Analysis 3 C1: Target Market 3 C2: Industry Analysis 3 C3: SWOT Analysis 3 C4: Competitive Analysis 3 D. Market Strategy 3 D1: 4Ps. 3 D2: Price List 3 D3: Promotional Strategy 3 D4: Sales Forecast 3 E. Implementation Strategy 3 E1. Overall Strategy 3 E2. Monitoring Plan 3 F. Financial Statements and Projections 3 F1. Forecasted Profit and Loss Statement 3 F2. Forecasted Balance
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Revisiting the marketing mix at the bottom of pyramid (BOP): from theoretical considerations to practical realities Constantinides‚ E. (2006). The marketing mix revisited: towards the 21st century marketing. Goi‚ C. (2009). A review of marketing mix: 4ps or more? International Journal of Marketing Kotler‚ P. (2009). Philip kotler marketing. Retrieved from http://www.philipkotlermarketing.com/ Kurtz‚ D. (2012). Contemporary business. (15th ed.). Customer driven marketing (pp. 330-333).
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* MCDONALD’S‚ THE SIMPLE JOY OF BURGERS. TABLE OF CONTENTS MCDONALD’S‚ THE SIMPLE JOY OF BURGERS. 1 1 ABSTRACT 3 2 COMPANY INTRODUCTION 4 3 FAST FOOD INDUSTRY ANALYSIS 5 3.1 Franchising Industry Analysis 6 3.2 The Industry Future Perspective 7 3.3 Industry PESTEL Framework Analysis 9 3.3.1 Political Aspects 9 3.3.2 Economic Aspects 9 3.3.3 Social Aspects 9 3.3.4 Technological Aspects 10 3.3.5 Environmental Aspects 11 3.3.6 Legal Aspects 11 4 Mcdonald’s Company
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customize products / services respectively. There are several difference between the CRM and traditional marketing. In traditional marketing‚ it is more company oriented. It focuses on the traditional 4Ps‚ i.e. price‚ place‚ product‚ promotion. However‚ CRM is customer oriented. The focus will be changed from 4Ps to 4Cs‚ i.e. cost to customers‚ convenience‚ customer needs and wants‚ communication respectively. Apart from the different orientation‚ since CRM emphases on relationship with customers instead
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in fast food industry and it is successful for its own special business model. I will analyze the market mix and SWOT of McDonald to show that why McDonald is successful. McDonald’s has its own business model and now I will analysis the 4Ps of the McDonald. The 4Ps are the promotion‚ place‚ price and product. The product of McDonald is that in the saturation stage and it experienced the maturity stage to the saturation. It needs to develop new product to keep its situation in the market and some products
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Index 1 – Question 1 2 – Question 2 3 – Question 3 List of Exhibit Exhibit 1 – 4Ps Exhibit 2 – Brand Identity Prism; Kapferer (2004) Exhibit 3 – Situation and Complication Page 3 Page 4 Page 6 Page 3 Page 4 Page 6 Question 1 – In the period of 1972 to 1993‚ why do you think that Snapple flourished when so many small Start--‐ ups premium fruit drinks stayed small or disappeared? The growing success of Snapple can be explained with 2 of the four principals of marketing mix. Marketing mix describes
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