For the fast food chains‚ it is no doubt that McDonald ’s is successful in the world. It is known to all from children to elder. This is closely relevant to organization operation that produces food and services. Operation plays an important part in developing organization. In this paper‚ it provides McDonald ’s operation features and benefits which contribute to competitive advantages through operation analysis of fast food chains tycoon. McDonald ’s was established in 1954 is the world ’s largest
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operational parameters of McDonald’s and Kentucky Fried Chicken (KFC) and projects an overview of various factors that differentiate the services of the two food giants. The survey was based on the consumer’s response on their choice between KFC and McDonalds and the basis of their choice was differentiated into various factors. MCDONALD’S: COMPANY PROFILE The year 1940 is the birth year of McDonald’s and they have started everything. Their Speedier Service System that was introduced in their
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McDonald’s was built in 1940 by the McDonald brothers (Dick and Mac). 1954 • Ray Kroc became the first franchisee appointed by Mac and Dick McDonald in San Bernardino‚ California. 1955 • Ray Kroc opened his first restaurant in Des Plaines‚ Illinois (near Chicago)‚ and the McDonald’s Corporation was created. 1957 • Quality‚ Service‚ Cleanliness and Value (Q.S.C. & V.) became the company motto. 1959 • The 100th McDonald’s opened in Chicago. PHOTO: The McDonald brothers (Dick right and Mac center)
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MCDONALDS ASSIGNMENTS • Introduction : McDonalds was started in Illinois‚ USA by Mr A Krog‚ who had a vision for a value added‚ family orientated‚ clean fast-food outlet providing efficient and friendly service. Anywhere in the world one goes‚ one can expect the same high quality food with menus that are easily recognisable and trusted‚ whether you are in Thailand‚ London‚ Australia or Namibia. MCDONALDS OLD FORD ROAD‚ DURBAN is a sit-in and drive-thru fast food outlet which is situated in a
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and attractive today may be discarded tomorrow. Marketing continuously monitors customers’ preferences. In order to meet these changes‚ McDonald’s has introduced new products and phased out old ones over time‚ and will continue to do so. Care is taken not to adversely affect the sales of an existing option by introducing a new option which will cannibalise its sales (trade off). McDonald’s knows that sales of products on its menu will vary at different points in their life cycle as
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Identify the key elements in McDonald’s global marketing strategy. In particular‚ how does McDonalds approach the issue of standardization? As we read in the article‚ the key elements in McDonald’s marketing strategies would be the following: They sell inexpensive food. Compared to other restaurants‚ McDonald’s food has a good taste and is easily available for everyone economically. Another element would be their quick service. Since they are a fast food restaurant‚ one of their main standards
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consumer base in the fast food market. They seemed to have the market monopolized‚ however in time it’s consumer base drifted away. It would appear that Mcdonalds had become comfortable in the position it was in and put little to no emphases on product variety or quality and simply focused on the speed and convinience as the customer draw. Mcdonalds was suffering from low growth and market base as well as decreasing profits. The factors which affected this low growth and lack of profit was not only
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businesses for the organisation to get recognition or to enter a new market. Marketing strategies play important roles in business growth to create more awareness to the publics and to gain customers from competitors too. 2.0 Overview of McDonald’s Corporation McDonald’s Corporation is so far the largest hamburger fast food restaurant in the world. The business began as a barbecue restaurant in year 1940 by Richard and Maurice McDonald. Further in year 1948‚ the business has changed to a hamburger
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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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could be a great choice because the company claims they are working with the best suppliers‚ and provide the best quality food for their customers. McDonald’s also provides free toys to children with the Happy Meals which are targeted to children. McDonald ’s started selling Happy Meals with free toys targeted at children in the 1970s. The Happy Meal is generally a hamburger‚ french fries‚ and sugar drink that is high in sodium‚ fat‚ and calories. However‚ to eat a Happy Meal makes children happy‚
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