1. Which characteristics of McDonald’s production system have been most important in building its record of success and growth? McDonald’s operating system is built on the characteristics of guaranteeing uniform quality and service and maintaining it remarkably consistent across all units. It mainly focused on factors such as providing customers with pleasant experience‚ fast service and tasty and inexpensive food. McDonald’s took several measures to ascertain consistency across units. In their
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International Journal of Business and Management Vol. 3‚ No. 11 The Business Strategy of Mcdonald’s Jing Han School of Economics‚ Yunnan University No.2Green lake north Road‚ Kun Ming‚ Yunnan 650031‚ China E-mail: hanjing0928@hotmail.com Abstract 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 some critical business strategies
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Strategies a Company Use When Marketing Their Products Globally? (Standardization versus Adaptation) In the century‚ when almost every company wants to operate globally and many of them have already been doing it‚ firms face the choice of marketing strategy that provides a success to their product/service in different markets. There are two main marketing strategies‚ standardization and adaptation. And the question “What is better?” worries the companies that are going to act worldwide. I think
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everywhere and yet limited resources only allow for some markets to receive funding for customized material (Rogowski 2004). Thus‚ from a financial perspective‚ some degree of standardization is always desirable. Over the past decade‚ marketers have recognized that it really is not about an either or strategy regarding standardization and localization. It is more about degree and decisions will vary by product category‚ consumer preferences‚ the market environment and so on. In 2003‚ McDonald’s launched
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SOLUTION PREPARATION AND STANDARDIZATION Submitted by Iris Olaso ______________________________________________________________________________ INTRODUCTION Generally‚ there are two ways in preparing a solution‚ one is by dissolving a weighed amount of solid in a required solvent and the other is by dilution of a concentrated solution into the desired concentration. In diluting concentrated solution‚ the concentration of the diluted solution can be determined by standardization. To standardize a
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Chemistry 101 12-STANDARDIZATION OF SODIUM HYDROXIDE Standard solutions for titrations are especially pure mixtures with exactly known concentrations. Primary standards are very pure solids. They have the advantage that they can be weighed (the analytical balance is normally the most accurate instrument in the laboratory) and they are stable under laboratory conditions. In this experiment‚ the primary standard is oxalic acid dihydrate‚ H2C2O4 ( 2H2O. It will be used to standardize a
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have the same wants and needs as a college student. Culture plays a big part on a person’s preferences. If you live in a culture that does not believe in the eating of beef‚ you would not run down to you local McDonalds for a Big Mac. Companies realize this and adapt there product. McDonald can be found in many countries‚ but they have adapted there product to fit in with the local cultures. Customization is needed for these reasons and many more. Some say there is evidence to suggest that consumer
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Industry. 7th ed. Hoboken‚ New Jersey: John Wiley & Sons‚ Inc. Ritzer‚ G Ritzer‚ G. (2004) The McDonaldization of Society. Rev. new century ed. United States of America: Sage Publications‚ Inc. Ritzer‚ G Sandoff‚ M. (2005) ‘Customization and standardization in hotels – a paradox or not?’‚ International Journal of Contemporary Hospitality Management‚ Vol. 17‚ No. 6‚ pp. 529-535. Swaminathan‚ J.M. (2001) ‘Enabling Customization Using Standardized Operations’‚ California Management Review‚ Vol. 43‚
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Dick and Mac McDonald‚ McDonald is the longtime leader in fast food industry. It has sustained a remarkable place in industry by fast and consistent quality services‚ in starting days‚ McDonald enjoyed tremendous growth where its average annual return on equity was 25.2% between 1965 and 1991. But the company found its sales per unit slowing between 1990 and 1991. Plus growth in the quick service market was projected to only keep pace with inflation in the 1990s. Question- Why has McDonald sustained
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• Intro things to discuss The ancient Greeks wrote texts intended for education only the privileged‚ wealthy few who could afford scribes. The modern textbook has its roots in the standardization made possible by the printing press. Early textbooks were used by tutors and teachers‚ who used the books as instructional aids The next revolution for books came with the 15th-century invention of printing with changeable type. The invention is attributed to German metal smith Johannes Gutenberg‚ who
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