5. Based on your response to Question 4 above, recommend both a short-range and long-range plan for McDonald’s to implement.
The short range plan should be implemented by McDonald’s is to reduce the price of its new products to the diversity of the products by implementing new line in the menu. McDonald’s should price them relatively to its sandwiches’ price. Because it may result that consumers would not have to hesitant between cheap burger meal and expensive healthy meal. Customers will rather go for healthy meal if the prices differences are approximately small.
Although the launching of the new products of the company is not doing well, McDonald’s still wants to maintain selling the healthy products such as fruits, salads, and
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For the long range plan, McDonald’s should work on enhancing the changes it implemented recently (healthy style) and the creation of new brand image. McDonald’s needs to take what people thinking into consideration for example, the surrounding or environment, and their way of life that affect the way they consume. It is strong-minded to create citizens think in a different way about the McDonald and to build people aware of its healthy variants.
For example, new McDonald’s restaurant in Paris, the restaurant runs the business through a series of modern equipment in order to protect the environment. McDonald’s change their brand image based on their display, there are some traces of scene, photos, panels and educational exhibits that are intended to let customer know more about the main environmental issue. Consumers’ thought and opinion about McDonald’s is important for the company as this will influence the pattern that they consume in particular restaurant. For example, McDonald’s provided new software by optimizing control of ignition and extinction cooking appliances such as toaster, grills and deep fryers to monitor environmental performance and show their customers that they are promoting environmental health campaign. Besides that, the new McDonald’s restaurant has focused on the initiatives developed by the company in its French restaurant to optimize the energy consumption,
McDonald’s has worked very hard in developing ways to do our part to help fight obesity. We have assembled Global Advisory Council to help guide us. The Council is comprised of international independent nutritional experts. With their ongoing guidance, we have been prepared a widespread promotional plan to incorporate nutritional
McDonald’s has been in business since 1955. Through many years of great strategic and financial planning, it has become one of the most successful food chains in the world. In order to continue its great success, McDonald’s must continue to adapt to change. In this paper we will discuss the strategic and financial planning that would be necessary to keep McDonald’s on top of the food chain.
In the past, many students have selected popular products that McDonald’s does not offer, but other restaurants successfully provide. This is an opportunity to use your creativity, so think critically on what products may positively impact the McDonald’s menu of products to increase revenues and profitability. The secondary research used in this assignment should support your new product idea. Remember you are in the process of finding data that will convince a hardened senior executive that your addition to the menu will be good for McDonald’s and their bottom line.
For McDonald’s they have many aims and objectives such as they’re committed to providing quality food quickly that their customers can trust with the best possible service, showing clear career paths to their
Products and Services: McDonald has to continuously evolve its menu to meet the emerging customers need and to attract new customers. Currently, nutritional value has become very important for customers.
McDonald’s emphasizes cleanliness and food safety, in addition to quality and value service (QSC&V), through which it has succeeded in obtaining customer trust. The company also stresses ethical practices, dependability, and truthfulness in dealing with customers (McDonald’s, 2012, p. 1). Moreover, McDonald’s employs a coordinated marketing strategy that involves analyzing customer wants, creating products to satisfy his or her needs, setting the right prices and enhancing awareness of
McDonald is recognized as one of the biggest and leading fast food chains all around the world. McDonald retains a strong market position in the worldwide food market with various branches opened in several geographical locations globally. From the perspective of customer retention, its success image is primarily upheld by its increased concentration over the strategy of sustaining its brand image in the market. Researchers contributing to the subject under discussion stated that one strategy to implement is to use operations and coordinate its policies, together with the vital factor
McDonalds changed menu with items such as porridge, smoothies and chicken wraps is on reason for the growing business
The McDonalds Corporation has to be continually aware of its consumer behavior, their eating habits, as well as the situation and the trends in the market in order to understand if there is a need of any changes in their marketing strategy. Any important modifications in the marketing activities of the company have to be backed up by legitimate research. The introduction of new products, decisions on whether to invest more in certain channels of distribution, change of features of the product, advertising or pricing strategies have to be backed up by evidence based on the results of continuous marketing research. In the case of a big corporation like McDonald’s, the marketing research reports should answer lots of consumer
When it comes to fast food everybody thinks that you can’t have a healthy meal at the run. With Americans spending over $100 billion dollars a year on fast food, a lot of the companies had to find ways to add healthy meals to their menus. McDonalds founded in May of 1940 serving over 58 million people worldwide on a daily basis. With facing competitors like Subway with healthy meals. McDonalds had to find a way to add healthy meals to their menu to bring in those customers who were going to places like subway.
The marketing objectives that Mc Donalds would like to attain using the plan’s term is to be the world best fastest service restaurant for customer experience. Other than that , McDonald’s is committed to retain and develope the best food products in the quick service restaurant market. In furtherance to deliver this, the company has made several number of commitments to food safety and nutrition.
The product concept allows McDonalds products to be on limited edition to test customer satisfaction, so if customers are not satisfied with the new product McDonalds would simply get rid of the product and it will avoid them from making a loss as well. However the product concept is rarely used at McDonalds because they sell similar products like their competitors, however they always bring in new products to increase its customer base and being ahead of
McDonald’s places considerable emphasis on developing a menu which customer wants. For example, its breakfast menu, salads, Chicken McNuggets, and the McLean Deluxe sandwich were all the examples of how the company tried to appeals to a wider range of consumers. The perceived secret of McDonald’s success is the willingness to innovate. Typically, many ideas for new menu items come from franchisees responding to customer demand. Filet-o-Fish, Drive-Thrus and Playlands were all products or concepts developed by franchisees.
The company researched for the purpose of this paper is McDonald 's. This company 's history dates back since 1940 when Mac and Dick McDonald initially opened McDonald 's BBQ restaurant located in San Bernardino, CA. In 1948 they shut down the restaurant, just to reopen it as a self-service drive-in restaurant. According to About McDonald’s (2012), their menu included only 9 items, such as: milk, coffee, soft drinks, cheeseburger, hamburger, potato chips, and a slice of pie. Potato chips were then replaced by French fries. The history of this company is significantly market by Ray Kroc, who in 1954 at a visit to McDonald 's in San Bernardino decides to have a franchise of McDonald 's. A year later, in 1955, he opens his first restaurant in Des Plaines, Illinois. The franchising plan allowed growth and by 1965 there were more than 700 restaurants across United States. McDonald 's
Since McDonald’s is the most well know fast food chain in the world with a market cap of 69.35 billion, brand recognition is their biggest strength. The secret of McDonald’s success is its willingness to innovate and maintain consistency in the operation of its many outlets. In recent years McDonald’s has introduced Premium Salads, Snack Wraps, fresh Apple Dippers in the United States, and Corn Cups in China. Also, McDonald 's products are priced so low that economic conditions are almost insignificant.