busn 5000 week 2 sriram prathi

.docx

School

Webster University *

*We aren’t endorsed by this school

Course

5000

Subject

Marketing

Date

Jan 9, 2024

Type

docx

Pages

3

Uploaded by MagistrateRose25373

Report
BUSN 5000 Homework 2 Sriram Prathi | 4231966 Please open this document in Microsoft Word and respond directly in this document without modification of the text in bold. This way the answer will be in the same place and in the same format for every student. You will submit this Word file in Canvas. If you have any trouble, reach out to your instructor in a timely manner. Question 1 – Choose a market in which McDonalds currently operates. Provide a thorough SWOT analysis of McDonalds in that market. For each of the four components, provide one paragraph outlining your observations. Then in one additional sentence, identify one key observation. Please use the separate headings for each component to clearly delineate the four parts. ANSWER: I would like to consider India as a market. Strengths 1.Since India has large vegetarian population, McDonalds has created a new menu which suits Indian market by offering veg items such as McAloo tiki burger and McVeggie burger. 2. India has been growing fastly in terms of digital and technology, taking this as an advantage McDonalds is now accepting mobile orders and also providing delivery services. 3.McDonalds maintains good quality and taste across all its stores in India. Customers are going to get the same quality and taste irrespective of the store location. Key Observation McDonalds ability to change its menu according to Indian market with vegetarian options gives it a competitive advantage in the country. Weaknesses 1.McDonalds can face an huge amount of competition from local fast food chains and street food vendors which offers more affordable options. 2.McDonalds in India has more prices than the fast food chains and street foods and this point gives an advantage to the fast food chains to pull the customers towards them. 3. McDonalds is not widespread in India, it is currently operating in cities and there are no McDonalds in towns. Key Observation To overcome its shortcomings in the Indian market, McDonald's must address the pricing issue and modify the impression of fast food as unhealthy. Opportunities 1. There is an good opportunity for McDonalds to expands its stores to tier 2 and tier 3 cities as small towns in India are growing too fastly.
BUSN 5000 Homework 2 Sriram Prathi | 4231966 2. McDonalds can also do more research and could also try to include more local items in their menu which can pull the customers towards them. 3. The growing popularity of online meal delivery platforms in India provides an opportunity for McDonald's to improve its delivery services and get a greater portion of the online food industry. Key Observation McDonalds has the potential to expand its stores to the small towns as they are growing rapidly and they can also try to include few more local items in the menu which might help McDonalds grow fastly in the market. Threats 1. One of the biggest threats to McDonalds would be the fast food chains and street foods as they are more related to the cultural preferences and affordability options. 2.Local markets have a good understanding on traditional and cultural preferences and on how exactly the market works. 3. Regulatory obstacles, such as license requirements, food safety rules, and ingredient sourcing limitations, might stymie McDonald's operations in India. Key Observation McDonalds need to do more research and go through some cultural preferences and have to manage regulatory challenges inorder to minimize its threats. Question 2 – Based on your SWOT analysis, provide an executive summary of your findings as well as a recommendation for ten-year strategy to improves McDonalds competitive position in this market. Do not quote directly from any source including ChatGPT. Rely on your own reasoning. Limit 300 words. ANSWER: Based on the SWOT analysis above of McDonalds in the Indian market, there are several key findings that has taken place. McDonalds has good strengths such as bringing up the new menu by including veg items and also by providing mobile ordering and fast delivery services. However, disadvantages include fierce rivalry from local options, price sensitivity, the notion that fast food is unhealthy, and limited availability in smaller areas. Expansion into tier 2 and tier 3 cities, the introduction of localized menu items, and the strengthening of online delivery services all present opportunities. Competition from local businesses, cultural preferences for traditional food, and regulatory issues are all threats. Recommendation for ten-year strategy to improve competitive position in the market: 1.McDonalds should focus on expanding its stores to tier 2 and tier 3 cities by identifying good locations and giving franchises to the local business people.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help