I. EXECUTIVE SUMMARY McDonald’s delivered strong performance and returns to shareholders in 2007. We have continued to build on our success as a trusted global consumer brand and grow our business by creating outstanding restaurant experiences for our customers. We have designed our executive compensation program to attract and retain excellent management and to motivate our executives and reward them for superior performance. We believe that our compensation program has played an important role
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Introduction The story of McDonald’s started in the early 1940s when two brothers‚ Dick and Mac McDonald‚ and Raymond Kroc founded the McDonald’s Corporation with the company motto ‘Quality‚ Service‚ Cleanliness and Value’. Most of McDonald’s restaurants are operated by franchisees or by affiliates‚ some are operating under joint-venture agreements (www.mcdonalds.com). Nowadays McDonald’s is one of the most valuable brands globally and used to be the world’s largest restaurant chain‚ before Subway
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placement of item in order to make it successful. Marketing strategies must feature customer orientation‚ input‚ and accessibility in the fight to the top of the market. McDonald’s is no different. An example of this is illustrated with a comparison of McDonalds and Wendy’s. At first glance‚ they may appear to have roughly the same marketing mix and target markets. Both are fast food and provide similar products. However‚ looking closer‚ one can recognize that McDonald’s primary target market is children
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McDonald Sri Lanka is governed by the Head Office in USA who has total control on all activities in Sri Lanka. Everything from menus to promotions is directed from the US Head Office. Parameters they look at before entering a market include : The fast food culture itself was looked into. That is Mc Donald’s saw that KFC and Pizza Hut were already established in Sri Lanka Way they chose a franchisee are: Mc Donald’s requested for applications and financial stability was looked into. One of
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marble arch in London? Suzhou’s Gate of the Orient? Wrong! Surely‚ the most famous arch in the world is the beautiful golden arch of the McDonald’s ‘M’! McDonald’s was founded in the United States of America in 1940 when brothers Richard and Maurice McDonald stated a humble barbecue restaurant. In that short space of time this small-town BBQ joint has taken over the world: now McDonald’s serves around 68 million customers daily in 119 different countries. That’s almost every country in the world! The
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Starbucks is named after the first mate in Herman Melville’s Moby Dick. Our logo is also inspired by the sea – featuring a twin‐tailed siren from Greek mythology. The company was a single store in Seattle’s historic Pike Place Market. From just a narrow storefront‚ Starbucks offered some of the world’s finest fresh-roasted whole bean coffees. The name‚ inspired by Moby Dick‚ evoked the romance of the high seas and the seafaring tradition of the early coffee traders. Starbucks Opens first store
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Angela’s Ashes Journal Entry-Frank Today‚ my classmate Mickey Spellacy’s sister finally passed away. Mickey’s hope became real. Now Mickey can get a week off from school because of sister’s death. He seemed really happy today. However‚ he did not keep the promise. Mickey promised to Billy Campbell and me that if we pray that his sister will die in the middle of school term‚ he said he will invite us to his sister’s wake. It was so silly and wrong that Billy and I prayed that Mickey’s sister will
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Cunningham1 (1986) identified five strategies used by firms for entry into new foreign markets: i) Technical innovation strategy - perceived and demonstrable superior products ii) Product adaptation strategy - modifications to existing products iii) Availability and security strategy - overcome transport risks by countering perceived risks iv) Low price strategy - penetration price and‚ v) Total adaptation and conformity strategy - foreign producer gives a straight copy. In marketing products
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outlets (See Table 1). Headquartered in the United States‚ the company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald; in 1948 they reorganized their business as a hamburger stand using production line principles. Businessman Ray Kroc joined the company as a franchise agent in 1955. He subsequently purchased the chain from the McDonald brothers and oversaw its worldwide growth. [1] North America United States‚ Mexico‚ Canada Europe Austria‚ Belgium‚ Czech Republic‚ Finland
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product differentiation‚ capital requirements‚ access to distribution channels and cost disadvantages independent of scale. Economies of scale reduce the per-unit cost of a product as the number of units being produced increases. This is a common barrier in larger industries--. If a new competitor wanted these markets‚ the company would have to enter the market producing a large quantity at the same low price as competitors or the company would have to compete with a cost disadvantage and little chance
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