1. Executive Summery/Introduction
This report is being completed for the marketing unit. The purpose of this report is to produce a marketing audit of a company, which will consist of SMART objectives and aims. As well as showing a SWOT and Pest analysis of the company, this will give a good insight of how the company is doing. The audit will show what the company can do to improve themselves. The company that has been chosen for this report is McDonalds, this is because they are one of the most successful brands in the world and the number one fast food restaurant. The research that was carried out for this report mainly came from reading a range of books on Marketing, the Internet was used to research the company.
McDonalds is
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Others opportunities that can arise could be a delivery service, this may be popular for customers as they can have McDonald’s food whenever they want without going out.
The company faces major competition from other fast food restaurants and this may be seen as a threat. A lot of their advertising is aimed at younger children and they encourage them to go to their restaurants they advertise happy meals aimed at children, play pens and free toys, they face a lot of criticism for this from Parents. The children may get used to eating McDonalds food and continue when they are adults this will possibly lead to obesity. McDonalds also get criticism from environmental groups because of the vast amount of packaging they use as well as the huge amount of litter it creates, but it could be argued that it is the customer’s responsibility to put the litter in the bins. They are also especially under attack from animal rights groups as they are the world’s largest user of beef. They are seen to be a capitalist organisation and some protesters feel that they are just one money making business, although they do give a lot of money to charities nationally. “Ronald McDonald House Charities supports Ronald McDonald House as well as thousands of other worthy non-profit organizations dedicated to the well-being of children.” (Mcdonalds.com). McDonalds have been around for a very long time and it is important
PetSmart is one of the largest specialty pet retailers of service and solutions for the lifetime of pets. More than 1008 stores are open in the United States and Canada that provide pet foods and supplies that are priced reasonably. PetSmart provides all types of services for pets including pet training, pet grooming, pet boarding and adoption services. In addition to providing impressive value PetSmart has the broadest, deepest product range in the industry, including thousands of products exclusive only to PetSmart. Every year PetSmart takes care of the grooming for hundreds of thousands of pets in what PetSmart calls its PetSmart Salons. These animals are groomed and pampered by stylist who have
I choose to talk about the Target Corporation, because it is a franchise where consumers constantly shop at for their grocery, home décor, and bathroom essentials. The Target brand is in the general merchandise retailing industry and was first established in 1962. Target’s mission statement states: “Our mission is to make Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling our Expect More. Pay Less. ® brand promise” (Target Corp., n.d.). The company’s mission statement implies that Target is a store where consumers can get products for a reasonable price. Target is performing well despite of their security breach problem a couple of years ago. It does not follow Pfeffer’s principles to the key, but it is a high performing organization. Their goal is to provide affordable prices at their different full-service department stores. Target has 1,556 stores and is the fourth largest retailer in America. It ranks as the second discount retailer in America only Wal-Mart Stores, Inc. stands in their way (Target Corp., n.d.). In 2011 Target acquired the Zellers retail chain, at a cost of $1.8 billion dollars to its international expansion (Target Corp., n.d.).
McDonalds is a corporation that has great success because of good strategy and planning. In the next five years, McDonalds needs to keep up with the changes of the consumer and social
The Target Corporation is a retail company that was incorporated in Minnesota in 1902. Target’s purpose and beliefs state that, “We will fulfill the needs and the fuel potential of our guests. That means making Target their preferred shopping destination by delivering outstanding value, continuous innovation and an exceptional guest experience—consistently fulfilling our Expect More. Pay Less. Brand promise”. It is the second leading discount retail store in the country, trailing behind Wal-Mart. The Corporation operates in three segments: U.S Retail, U.S Credit Card and Canadian. The U.S Retail Segment includes all of their U.S Merchandising operations, which offer everyday essentials and fashionable, differentiated merchandise at discounted prices. Their U.S Credit Card Segment offers credit to qualified guest through their branded proprietary credit cards: Target Credit and the Target Visa. The Canadian Segment includes cost incurred in the U.S and Canada related to their 2013 Canadian retail market entry. The Corporation 1,792 stores, 38 distribution centers in United States, 347,000 team members worldwide, an online business, and global locations in India.
Target corporation is known as the second largest discount retailer in America. It was established by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton 's Dry Goods Company in 1903 and later the Dayton Company in 1910. Target Corp. is one of the biggest retailers in the country with 1,699 stores.
REFERENCES•www.mcdonalds.com, accessed on 18 July, 2008•www.mcdonldsindia.net, accessed on 18 July, 2008•en.wikipedia.org/wiki/McDonald's, accessed on 19 July, 2008•http://www.associatedcontent.com/article/263943/mcdonalds_strategic_marketing_mix.html?cat=4, accessed on 19 July, 2008•www.kfc.com, accessed on 25 August, 2008
Please remember that Part 1 and Part 2 of the report are each worth 50% of the total
Kroger tracks each customer as an individual and it has had a loyalty program for more than a decade. Kroger will send carefully designed coupons to an individual family and analyze each customer’s preferences. They create a DNA on each customer and to find out what drives their behavior. Now Kroger is cooperation with ISIS the mobile payment alliance. It means Kroger can know how the customer chooses to spend money and then can deliver coupons to the mobile app (Bells).
As previously stated, there is currently no other electronically programmable pill dispenser on the consumer market. Prior to patenting the XG Electronic Pill Dispenser, consumers were mandated to open their pill containers each and every time dispensary was required. This is the main avenue of personal, medical dispensary in use today.
I have chosen the company named by Mc Donald’s for my assignment topic as it is a worldwide and well-known fast food company covered in Asia and Europe countries .
There are over 1.1 million men and woman amateur and pro bodybuilders alone in the United States. The IFBB has competitors age ranges from as young as 16 years to as old as 83 within a range categories for competition, The NutiBullet Pro is a necessary tool to assist the competitors in preparing for competitions fulfilling a need for a quick, convenient and easy way for bodybuilders to create their protein shakes, whey smoothies or one of their required 6 to 7 meals a day.
Taco Bell is a mainly national fast food restaurant specializing in Tex-Mex cuisine. Taco Bell is a subsidiary of Yum! Brands, Inc. They serve over 2 billion customers each year and have over 6,500 restaurants, with about 80% of them being owned independently as franchises.
Threats: McDonald’s has a few threats that are a concern to them. The growing strength of the competition from Burger King and Wendy’s, among others, has decreased their market share. They need to think of new and appealing food items. The more health-conscious consumers become, the less likely they will want to stop at McDonald’s for lunch.
McDonalds marketing strategy is aimed at the fact that their focus is not so much on being the biggest fast- food restaurant chain. It is more focused on being the best fast- food restaurant chain. Their biggest marketing factor is the promise of being “fast and convenience”. Here, there are four marketing that are used by McDonalds which is marketing mix or also known as ‘4P’: