Background | 3 | PEST Analysis | 4-9 | 4Ps Strategies | 10-11 | References | 12-13 | Appendix | 14 | Company Background McDonald is a largest chain of hamburger fast food restaurants in the world. Approximately 68 million customers in 119 countries daily are served. The birth of McDonald began with Raymond Albert Kroc. He found two brothers (Richard and Maurice McDonald) who run a hamburger restaurant and acquired the franchising right from them to run McDonald’s restaurant. In 1955‚ McDonald’s
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Restaurant Management 11 Compensation and Benefits 12 Compensation: 12 Employee Benefits: 12 People Promise: 13 Benefit Categories: 13 HR Policy at McDonald’s At McDonald ’s‚ their people are their most important asset. They provide the best employment experience for their employees in order for McDonald ’s to achieve their goal of providing their valued customers with the world ’s best quick-service restaurant experience. They strive to recruit the best‚ hire the best‚ and provide
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Schanzmeyer 14-Sept-09 McDonalds Corporations is one of the largest and most globally recognizable brands and serves nearly 47 million customers daily. MCD operates in more than 118 countries and as of yearend 2008 had over 31‚000 locations worldwide. McDonalds operates the majority of the restaurants through franchising agreements and in 2008 only 6‚502 were ran by the corporation. MCD is headquarter in Oak Brook‚ IL and employs over 400‚000 people worldwide. McDonalds was founded in 1948 by Dick
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McDonald is the largest fast food restaurant brand in the world. It provides a mass fast food service with great-tasting and high quality foods as well as speed and convenience to customers. (McDonald annual report 2013) It operates with a low variety and high volume products. Technology is used to improve operation process in order to produce standardized service to individual customer. Thus only limited customization of service‚ and limited contact between customers and staffs can be made. (Greasley
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What is Globalization? Has Globalization really become the cliché of the century? Globalization perceives the world as a way of interconnectivity through similar aspects of life that interest us as humans. Globalization begins from culture to economics and all the way to environmental situations creating a global shift‚ thus being the cliché of our time. Globalization moulds the world to create a connection through social relations all over the world. Globalization includes transactions between
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McDonald’s launched it first restaurant in 1996. Unlike any other market‚ McDonald’s corp. has ventured in‚ India showed to be one of the toughest. As India’s population is very diverse and complex between different communities‚ religions‚ beliefs‚ and value systems‚ Mcdonald’s had to consider the cultural‚ economical and sociopolitical factors. Cultural Issue Because 80% of the population in India practice Hindu‚ which prohibits the consumption of beef‚ and of practicing muslims who do not consume pork
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competitors. Business Week Magazine even ranked McDonald’s as "one of the ten most recognized brands in the world"‚ a position that creates significant opportunities for the company. An important strength that continues to have the most dramatic impact on McDonalds is their top level management. Even though this is classified an as internal strength‚ McDonald’s has capitalized on a management style that helps to infuse a strong culture. A dynamic aspect of the McDonald’s culture is the willingness to innovate
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highway. Little do they know that over 33‚000 McDonalds are operating worldwide‚ one of which holds fifteen hundred people. Not only a “symbol of U.S. Culture” (Macionis 121)‚ but it has become a theory of sociology‚ unknown to most‚ conveniently named the “McDonaldization Theory”. The McDonaldization of Society is based off the findings of George Ritzer (1993)‚ in which he found four basic principles that our society correlates with the McDonalds Empire; those four principles are efficiency‚ predictability
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strive toward a sustainable future – for our company and the communities in which we operate‚” (McDonalds‚ 2012). McDonald’s suppliers must meet high quality standards to operate within the supply chain. These expectations will influence and impact procurement strategies‚ policies‚ and procedures – domestically and internationally. Expectations Expectations both domestic and globally are a focus for McDonalds‚ if the products are not there for the consumer they can lose faith in the company. The Procurement
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Global Expansion of McDonalds Many American corporations have attempted to expand their business globally. Some of these corporations have succeeded‚ but some have also failed because they have encountered different cultural barriers and differences that made it hard for these corporations to succeed. One of those multinational corporations that have encountered a few cultural barriers as they began global expansion was none other than McDonald’s. Though McDonald’s has encountered
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