all-you-can-drink orange juice was five cents. In 1940 his two sons‚ Maurice and Richard ("Mac" and "Dick")‚ moved the entire building 40 miles (64 km) to the corner of 14th and E Streets in San Bernardino‚ California. The restaurant was renamed "McDonald’s". In 1948‚ Mac and Dick McDonald introduced the "Speedee Service System"‚ which established the principles of the modern fast-food restaurant. In 1954‚ Ray Kroc‚ a seller of Multimixer milkshake machines‚ learned that the McDonald brothers
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Chicken McNuggets and American Society The Chicken McNugget has been a popular product in American fast food chain for years. However‚ the product has not been around for quite that long. The first Chicken McNuggets marketed and sold at McDonald’s fast food chains occurred in 1983. Thirty-three years later‚ McDonalds still abundantly sells Chicken McNuggets to a variety of audiences. Of those two audiences‚ children and adults are easily targeted by McDonalds and its advertisements. With this being
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Introduction McDonald’s is a corporation from the United States that has done a great deal of business internationally for many years‚ and is well-known globally. McDonald’s is listed at number 378 on Fortune’s Global 500 list‚ and brought in over $22 billion in revenues in 2010. Sociocultural Forces Sociocultural forces include the different aspects of understanding that exist in one culture in comparison to another. These aspects include aesthetics‚ religion‚ language‚ education‚ etc. It
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McDonald’s: A Good Image with Bad Ethics Aimee Gibison Introduction McDonald’s Corporation has been growing and spreading internationally for the past three decades. Although McDonald’s seems convenient‚ cheap and clean there are many negative aspects of the business. In spite of paying their employees low wages and negatively impacting other cultures‚ McDonald’s and chains like it‚ have managed to position themselves as a positive piece of Americana. McDonald’s promotes its positive image and
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1 An Introduction to McDonaldization George Ritzer ay Kroc (1902–1984)‚ the genius behind the franchising of McDonald’s restaurants‚ was a man with big ideas and grand ambitions. But even Kroc could not have anticipated the astounding impact of his creation. McDonald’s is the basis of one of the most influential developments in contemporary society. Its reverberations extend far beyond its point of origin in the United States and in the fast-food business. It has influenced a wide range of undertakings
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McDonald’s became a famous global name (refer to appendix 1) which had more than 33‚000 restaurants in 119 countries (McDonald’s‚ 2012). How could it operate profitably in a competitive market? It was due to the flexibility in the changeable marketing environment (Lovelock‚ 2002). The marketing environment can be assumed as a flexible system. Just like the human body which may die if it fails to adjust to environmental modifications‚ so the business also may lose if it does not adapt to external
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international competitors of the fast-food industry are McDonald’s‚ Wendy’s‚ Burger King‚ Kentucky-Fried Chicken‚ and Sonic. These restaurants top the list because of their rapid growth throughout several countries around the world. Out of the top five restaurants‚ one well-known organization called McDonald’s tops the chart. McDonald’s market structure was decided upon for several reasons‚ and it differentiates from the other alternatives. McDonald’s uses three or more competitive strategies to maximize
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Strategy of McDonald’s Global Strategy + Local Strategy “To provide unmatched consistency in operations in support of high product quality. This must be accomplished with adequate speed‚ low cost‚ and process innovation to accommodate changes in consumer tastes.” McDonald’s is well known for Big Macs‚ Cheeseburgers and Quarter Pounders. McDonald’s strategy‚ to develop snack-able items‚ fits with today’s busy consumers who don’t adhere to traditional meal patterns and are increasingly looking
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ntroduction McDonald’s is comprised of more than 30‚000 local restaurants and serves 52 million people in more than 100 countries each day[1]. The company is the largest food retailer in the world and is part of the American way of life. In order to remain competitive and an iconic American institution‚ McDonald’s has developed programs and strategies for motivating employees and teaching leadership. As a result‚ our group believes that McDonald’s presented an excellent opportunity to observe organizational
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Analysis of the McDonald’s Company MCD‚ exchange where traded NYSE 2111 Midwest Road‚ Oak Brook‚ IL 60523 (630) 623-3000 PART 1‚ COMPANY OVERVIEW: a. McDonald’s is an American fast food chain that sells a variety of fast food alternatives‚ but most notably has earned its reputation and success for the hamburger. It is the largest fast food chain in the world‚ with globally recognized “golden arches” symbolizing a reliable meal can be had in over 119 countries. McDonald’s has continued
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