The McDonald's Corporation is the largest chain of fast food restaurants in the world. It is franchised in over 119 countries and serves an average of 68 million customers daily. The company started in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald in the United States. They reorganized their business as a hamburger stand in 1948. In 1955, Businessman Ray Kroc joined the company as a franchise agent. He purchased the chain from the McDonald brothers and oversaw its global-wide growth (McDonald’s 2014).
A franchisee, an affiliate, or the corporation operates a McDonald’s restaurant. Thus, McDonald's Corporation revenues come from the rent, royalties, and fees paid by the franchisees or sales in company-operated restaurants. According to Yahoo Finance report, McDonald's Corporation had annual revenues of $27.5 billion, and profits of $5.5 billion (McDonald’s 2014). McDonald’s primarily sells hamburgers, cheeseburgers, chicken snacks, french fries, breakfast items, soft drinks, milkshakes, and desserts. In response to changing consumer tastes, the company has expanded its menu to include salads, fish, wraps, smoothies, and fruit. Their food caters to all age groups, and they have a special menu known as “happy meal” that is targeting children.
McDonald’s SWOT Profile
I would be further discussing the McDonald’s SWOT profile to better understand the company’s situation. This would evaluate the company’s
McDonald’s has the largest fast food market share in the world. As mentioned, it serves 68 million customers every day in 119 countries, allowing it to be the second largest outlet operator with more than 34,000 outlets.
Brand recognition is valued at $40 million. In ...
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McDonald's, "Company Profile." Last modified 2014. Accessed February 17, 2014. http://www.aboutmcdonalds.com/mcd/investors/company_profile.html.
"Best Global Brands 2012." Interbrand, 2014. http://www.interbrand.com/en/best-global-brands/2012/Best-Global-Brands-2012.aspx (accessed February 17, 2014).
Ovidijus, Jurevicius. "McDonald's SWOT analysis 2013." Strategic Management Insight, March 10, 2013. http://www.strategicmanagementinsight.com/swot-analyses/mcdonalds-swot-analysis.html (accessed February 17, 2014).
Worcester Polytechnic Institution. "Fast Food Marketing to Children." Public Health Communication. (2007). http://www.wpi.edu/Pubs/E-project/Available/E-project-082107-231740/unrestricted/Appendix_1.pdf (accessed February 17, 2014).
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