McDonalds, specially known for Hamburgers and Big Mac items, is one of the world’s most famous brands. It is the dominating fast food restaurant chain in its industry, having the most frequent expansion rate…
Download file to see previous pages...
It was established in 1955 in Illinois, USA. McDonalds has become one of the most successful restaurant chains and largest hamburger food chain in the world. After successful business in United States, it expanded its operation overseas by opening its first overseas outlet in Canada.” Currently, $6 billion McDonalds serves about 64 million international customers each day with more than 33000 franchises operating in 121 countries. After every three hours, a McDonalds franchise is opened somewhere in the world. The average expansion rate of Mc franchises is 2500 store per year (McDonalds 2011). General Globalization Perspective and Marketing Challenges Going global requires a firm to set certain strategies that earn it success around the world. The firm has to accommodate in its product or services the cultural, religious and social values of the region it operates in. Some firms or industries get more benefit from global markets than operating locally. Globalization provides to the firms the factor cost differences, by exploiting which they can become more profitable. It also encourages businesses to shift towards the low tariff charging countries where the cost of doing business is low and/or demand for certain products is high. And due to societal and cultural benefits, the companies have more chances to bring innovation into their products. The global expansion brings efficiency, flexibility and innovation in a firm’s production system (QuickMba 2010) The firms which go global develop certain strategies to efficiently capture the overseas markets and cope with potential problems they might face operating there. They also develop Marketing Strategies to position in minds of customers the positive, tempting and healthy image of their products. Marketing strategy of a firm intends to correct what the customers feel about the organization. It deals with positioning the unique features of the product in customers’ minds. When the product a company offers is not liked by or is against the local, cultural, religious or social values, the marketing of the product becomes a difficult task and most of the times the products are altered up to the desire of the local demand to be accepted easily. So a great care is taken while marketing in different countries. McDonalds Marketing Strategies McDonalds is one of the best known brands worldwide. McDonalds’ dynamic business strategies made it leading global foodservice retailer in international market. Due to sound global expansion strategies and effective management, McDonalds leads the fast food restaurant industry through out the world. McDonalds sales are three times ahead of its top competitors. What earned McDonalds such image is how it has created loyalty in its customers through its marketing strategies throughout the world. With the combination of sound fundamental practices and innovative marketing, McDonalds has created a unique value to customers (McDonald 2008) McDonalds operates in about 121 countries of the world. This expansion includes Europe, Japan, China, India, Russia and other substantial markets. The following discussion will contain the specific strategies McDonalds practiced in its substantial markets. McDonalds marketing strategies in UK UK has been a very significant market for McDonalds since its launch in 1974 there. McDonalds operates in UK with more than 1000 restaurants and has gained substantial fast food market share. McDonalds followed various policies to gain an edge in the market by shaping the brand as British as possible. Marketing the McDonalds, not just the products For McDonalds, primary marketing objective was not marketing the food. Rather it emphasized on
...Download file to see next pagesRead More
Cite this document
(“McDonalds Marketing Strategy in the World Assignment”, n.d.)
Retrieved from https://studentshare.org/business/1393157-international-business
(McDonalds Marketing Strategy in the World Assignment)
“McDonalds Marketing Strategy in the World Assignment”, n.d. https://studentshare.org/business/1393157-international-business.
ically the evaluation of significant aspects of the company to verify its strengths and weaknesses. The internal analysis of a company includes its financial condition in the market, the product demand of the company, marketing potential of the company, research and development competence, company’s organizational structure, company’s human resources, working facility and equipments and finally company’s marketing strategies.
The paper explains the relevance of the marketing concept to McDonald’s. The marketing concept is relevant to McDonald’s through competition analysis and marketing mix, which it pursues because of the diverse local needs and values of its markets and the need to address criticisms of the negative effects of McDonaldisation on the services sector and the health of its customers.
Wal-Mart has reevaluated the art of online marketing, using methods at huge and striking levels to become one of the top organizations in the broad history of corporate United States (Bachfischer, 2012). This paper will discuss the marketing strategies of Wal-Mart and provide an analysis of the reasons for its success.
With its headquarters in the United States, Maurice and Richard McDonald were its main founders whereby they embraced the principles of production line in the 1940s founded the McDonald’s Corporation (Hannon). In the 1950s, the company experienced massive expansion through franchising with other entrepreneurs and Ray Kroc was one of its earliest franchisees.
Ever since the company has been growing to become the world's largest fast food retailer, operating more than 30,000 stores in 119 markets.
Today, the face of the fast food market is very different from what it was more than fifty years ago. It has become highly competitive, and companies are pressured by high costs and deliver increasingly similar menus with little space for differentiation.
The retail store has a website where it displays and advertises its products. The e-commerce platform is mostly found at its Canadian restaurants (Retail Systems B2B LLC, para 2). The website has breathtaking images that attract customers to buy their
Many brands offering similar products in similar process have not only given huge bargaining power to customers, but also resulted in declining net profit margin of these retail chains.
The objective of the current report is
roduct range that is elaborative starting from "burgers to chicken sandwiches to chicken nuggets to apple pies to soft serve ice cream to apple slices." It also offers a range of beverages ranging from milk to water to soda to apple juice to coffee.
The BCG model is concerned