Analysis of Globalisation Strategy in McDonalds The WritePass Journal

Analysis of Globalisation Strategy in McDonalds Introduction Analysis of Globalisation Strategy in McDonalds IntroductionAbout McDonald’s:McDonald’s World Wide Locations Map:Globalisation and McDonalds:Globalisation strategy of McDonald:1. Think Globally but Act Locally:2. Pricing:3. Advertising/Promotional strategies:4. Social responsibility:Challenges for McDonald:Alternative Strategy of McDonald:Conclusion:Related Introduction According to Drori S. et al (2006), the definition of globalisation is the all countries of the world became inter connected with the process of globalisation in which process main social factors like influence, philosophy, marketplaces, government, privileges, standards, customs, belief, individuality, nationality, harmony developed disembodied from their three dimensional framework because of the quickening, flexibility, dissemination and extension of international streams of societies, goods, economics, descriptions and statistics. The United Nations  Economics and Social Commission for Western Asia say globalization is a widely-used term that can be defined in a number of different ways. When used in an economic context, it refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, and services labour although considerable barriers remain to the flow of labour. Globalization is not a new phenomenon. It began towards the end of the nineteenth century, but it slowed down during the period from the start of the First World War until the third quarter of the twentieth century. This slowdown can be attributed to the inward looking policies pursued by a number of countries in order to protect their respective industries however, the pace of globalization picked up rapidly during the fourth quarter of the twentieth century In other word, globalisation is a whole process. If we categorized as per the topic of orientation taken we can methodology ‘global as a geographical conception, characteristic it as of the narrow; equally an idea of ability and control, differentiating it as of regional independence; equally a traditional notion, differentiating it as of separation; and lastly, by way of a recognized idea, differentiating it as of nationwide. All of us know that the international business is one of the most important parts of any nation’s economy, but at the world level or actual time this works as an individual unit but not as whole world’s economy. This provides a wonderful benefit to international companies; meanwhile they previously have the awareness obligatory to harvest plus to marketplace goods and facilities intercontinentally. Countries continue significant in establishing actions, however their structure of mention aimed at profitable strategies can no lengthier remain limited to the nationwide economy. About McDonald’s: In October 1947, there was first restaurant opened in UK while after 30 years in December 2004 it reached at 1330 restaurants in all over the United Kingdom. Among those about 60 % restaurants are managed by the company and rest of them are operated by franchisees. The main story of the McDonald has started in 1940. McDonald has founded in 1940 as a simple fast food restaurant by two brothers. Maurice and Richard, two brothers had started McDonalds in California, United States. The first name if the McDonalds was â€Å"McDonalds Hamburgers†. After few years, the total profit of the McDonalds restaurant reached at $3, 50,000. The well-known distributor of Milk shake machine named Raymond Kroc, concerned in this business and deal with two brothers and got franchisee of McDonalds and established McDonalds system incorporation, the franchising company of McDonalds. In 1955 he became a founder of the company by purchasing share of $2.7 million. He also changed name of the company as McDonalds corporation and he demonstrated himself as the innovator who modernized restaurant industry of America. McDonalds is one of the most valuable brands all over the world with the goodwill of $25 billion. McDonald has founded in US and it has roots in Unite d States but now days it became a citizen of the whole world. The bar chart shows the McDonald’s total Assets, Equity, Revenue, Net Income and Operating Income till 2010. McDonald’s World Wide Locations Map: This Map Shows the McDonald’s strength almost all over the World. Globalisation and McDonalds: Global expansion of the McDonald is known as McDonaldisation of the society. It succeeds in very low time and firstly in US, than after it introduced in Canada in June 1967. In July of 1971, McDonald has opened with the partnership of Den Fujita, the local company of the Tokyo, Japan. About 20 year later McDonald has introduced in Moscow, Russia in the year of 1990. At the time of opening around 40,000 people were waiting in queue. In Moscow restaurant is too huge with the 23,675 square foot. In Russia, McDonald has served approximately 45,000 to 55,000 customers every day. Because of huge demand, company established a modern food-treating factory close to Moscow. Bigger restaurant than Russian McDonald has opened in Shenzhen city of China in 1990. This restaurant got success to attract more than 40,000 people on opening day. It also big restaurant as Moscow with an area of 28,000 square feet and about 30 cash counters. This Chinese McDonalds was a joint venture of the McDonalds Corporation and The General Corporation of Beijing Agriculture, Industry and Commerce. After two years in 1992, McDonald has started in Poland. There was two outlets started and each separately overpassed the records of both Russia as well china in terms of opening transection of the first day. Moreover, it verified as the most prevalent in East European Countries. The chart below shows worldwide establishment of McDonalds corporation. This table expresses total revenue of the McDonalds in different region. Globalisation strategy of McDonald: McDonalds has developed their unique globalisation strategy. McDonald include their fore main characters to make perfect business strategy. Are shown as below Think globally but act locally Pricing Advertising strategies Social responsibility 1. Think Globally but Act Locally: The main aim of the McDonalds Corporation is to focus locally with the global strategy. It always performs and supply all the operation, systems as per the requirement of the local factors. It always try to be fit in local traditions, cultures, society and political. McDonalds Corporation always keep special factors in mind while making their business strategy. It always performs as per the requirements of the different markets. Macdonald expenses lots of resources to develop and create its products as pre the local demands and traditions. However, once McDonalds corporation failed to do this, while establishment in Germany and Netherlands, consumers did not accept their local menu in the year 1970 because they wanted American food rather than their local menu. After this experience company realised that every restaurant’s local menu should incorporate some local tests as well but at a minimal level.At the time of establishing in India, McDonald has considered that Hindu community does not eat beef as per their Hindu belief. Therefore, they specially introduced new vegetarian series of the product in their menu. Also taking Muslim community in focus that Muslims did nit consume poke. Therefore, they only sell chicken and lamb. It had done separate preparation for Vegetarian and non-vegetarian. 2. Pricing: The other most important feature is their price differentiates than their competitor. This pricing strategy of McDonalds corporation is very reliable and unique. While fixing the price McDonalds takes some factors in consideration like local life style, income of the family, location etc.   The time of fixing price for the products, they also focus on the primary target group of the company, lower and power level. McDonalds enters in most of metropolitan city of the country in which it enters.Sometime during period of lean time company offers discounted price to boost their sell in short McDonalds corporation believes that to stay longer life in the market we should have unique pricing policy. 3. Advertising/Promotional strategies: Advertising is the other platform to the company by the help of which company introduce their product, boost to the customers etc. every organization have their unique and own promotional strategies. Here McDonalds arranges their promotional strategy as a part of advertisement. The worldwide promotional activities of the McDonalds corporation is organised by â€Å"DDB Needhamand Leo Burnettas† well their local collaborates in different countries. It sometimes organised by the local advertising company also. Other than advertisement, McDonalds corporation uses more promotional tools to promote their product. Company offers their product at law price; it gives toys to the children etc. most successful promotional strategies became very popular now days.McDonalds has for decades maintained an extensive advertising campaign. In addition to the usual media (television, radio, and newspaper), the company makes significant use of billboards and signage, sponsors sporting events ranging from Little League to the Olympic Games and makes coolers of The Orange with their logo available for local events of all kinds. Nonetheless, television has always played a central role in the companys advertising strategy. In January and February 2008 there was an offer of buy one get one free by McDonalds UK particular for the Big Mac. Company introduced press coupons and those coupons can be exchanged at the McDonalds restaurant to get benefit of the product. To date, McDonalds has used 23 different slogans in United States advertising as well as a few other slogans for select countries and regions. At times, it has run into trouble with its campaigns. 4. Social responsibility: The other most thing of the Morden business is care of society. Social responsibility creates positive image in the mind of customer. McDonalds corporation also believe in betterment of the society. It took part in social events, sponsored lots of charity shows, monetary aid etc.McDonalds corporation creates huge amount of local opportunity. McDonalds recruit local people too, McDonalds gives equal opportunity to the all employers. It gives chance to local employer at management position. McDonalds purchases their raw material from the local farmers. In addition, it gives information about the real formula of the quality of the raw material. For example in Indonesia and Russia, more than 80 % of the raw material purchased from the Local farmers. In 1990, there was a problem. Because of this particular problem, farmers cannot supply real required quality of the meat. Than after McDonalds corporation called experts from the other country to give knowledge about the agriculture. Challenges for McDonald: McDonalds corporation faced many problems in their life. In some of countries in which it entered, McDonalds corporation faced opposition from the anti-WTO organisation, anti-America, anti-capitalism, anti-globalisation activities etc. World Health Organisation also argued to the McDonalds corporation. It claimed whatever fast foods selling by McDonald’s are harmful to teenager and youngster. It increases their obesity and fat. In the year 1994 McDonalds corporation prosecuted by two groups’, activities allotting leaflets with the heading of â€Å"What’s wrong with the McDonalds which against the company. On the other hand, McDonalds corporation faces high competition from the competitors in US market. There are many brands, which can beat McDonalds at any time. Some of them are Starbucks, Burger King, Subway, Yum, KFC, and Pizza Hut etc. Alternative Strategy of McDonald: McDonalds has very effective and efficiencies globalisation strategy. The McDonald’s corporation proves it. The company very effectively operates it. Nevertheless, to make more and more market share company needs to change. Because of the objection of WHO and much other non-government organization McDonalds corporation should rebrand their company. According to WHO the fast food products of the McDonalds corporation is to harmful to the teenagers and youngsters because it increase obesity and fat in the human body. To clean up this image from the consumers mind McDonalds should be reformation of their selves. It can create new image in the mind of customers by introducing new name, symbol, logo, dress code, outlook of the restaurant etc. it will help in the new formulation of the McDonalds corporation. Conclusion: In this report, we saw that one of the key of successful business is globalisation. In the local market there may be large numbers of competitor but if you want to serve something new with the new way to your new customers for having something new in the future, than you must go to the way of globalisation. McDonalds had done this and we can see the position of the McDonalds now days. It is the biggest fast food restaurant chain of the world. In short to make your business in queue of the globalisation than and then you can get your desired results. Moreover, McDonalds needs to change itself to get better image in the teenager and youngsters mind. Because of it will continue to face problems from their competitors, NGOs and any other factors, to survive in the market will be very tough for the McDonalds corporation. Because of this main reason and to become market leader, McDonalds corporation should change their identity.

10 Job Resources for Students You Shouldnt Miss

10 Job Resources for Students You Shouldnt Miss Looking for work as a college student can feel like a job in and of itself. Luckily, there are a number of new resources you can use to track down the job you need to get through school or even the job that can serve as a springboard for your career. Here well take a closer look at the ten best resources for job hunting while youre still in school or as you make the transition from student to full time employee. CollegeRecruiter The College Recruiter website offers more than just a place to check out new jobs in emerging career fields. They also offer help with continuing education credits and ways for employers to find recent graduates who can breathe new life into a field or simply bring a fresh perspective to a company. If youre still not sure your major will be your lifes work, College Recruiter can help with career aptitude tests and details on the best places to work. Once you find the job you want, College Recruiter helps with building your resume and tips for those more difficult interview questions as well. College Magazine – Find an Internship Internships have come under some heavy fire and criticism lately but the fact remains – if you want to get your foot in the door, an internship is your best bet. This is especially true for markets that are especially competitive, including the creative arts and multimedia focused careers. College Magazines resource offers up a streaming view of internships with clients like O Magazine, Martha Stewart Living, Reboot and the CIA. Campus Riot The team at Surviving College knows that making it through your university years is more than just being able to get good grades and (hopefully) land your dream job. Surviving College offers help and advice on everything from whether or not store loyalty cards are worth the trouble for students to tips on the best ways to find and connect with ideal companies and internships to how to start a small business before youve even graduated. Career Thoughts Career Thoughts caters to both students and those already in the working world. Their approach is simple – if youre not in a job you love, youre not in the right job. Their helpful advice centers mostly around resume building and interview skills. They also offer advice on the best ways to search for companies that are hiring or on how to spot opportunities even the company itself hasnt considered. Finding a need and proposing a solution can help you stand out from other candidates and could even allow you to create your own position within a company. Job Stock Jon Stock is the go to place for freelancers of nearly every variety. Their feed of avaialble freelance positions is regularly updated and features a wide variety of available freelance projects in areas like programming, database management, content writing, blogging, graphic design and data entry. Unlike many other freelance job websites, you can search by company rating, rate of pay and location. Intern Queen If youve never seriously considered an internship or dont know if its the right thing for you, Intern Queen can help you make some sense of it all. The Intern Queen offers more than just an updated listing of some of the most interesting internships around – she also offers real world advice on how to find, land and survive your first internship without losing your mind. Her friendly, easy to follow and easy to relate to blog can help new interns adjust to the rigors of an all work, no pay lifestyle while offering keen insights that even seasoned interns will appreciate. Career Shifters Much like your major, your chosen career field can change as you grow and develop your own set of priorities, passions and talents. Career Shifters knows that the path to complete job satisfaction isnt always straightforward and they offer help on finding a different job, a new career or a whole new path from education to the ultimate dream job. They offer advice from people who have switched gears at various points in their life and offer helpful tips, job leads and food for thought. Lindsey Pollak Lindsey Pollak is the author of Getting from College to Career: Your Essential Guide to Succeeding in the Real World and is also a LinkedIn Ambassador and keynote speaker. Basically, she knows a thing or three about using your college years as a stepping stone to your dream job. Her blog – and the entire website – can help students, recent graduates and young professionals find the resources, tips and tricks they need to succeed. Resume Companion Resumes have changed over the past few years. There was a time when simply spelling out your achievements and highlighting your education was enough to put yourself at the head of the pack but these days youll need to go that extra mile to get noticed. While there are plenty of websites, self-help books and blogs with tips on creating an eye-catching resume, Resume Companion offers a sense of humor alongside new and creative ways to stand out from the pack. With resumes for iconic characters like Batman to tongue in cheek satire, their website provides the ideal place to blow off some steam and get a few new ideas for your resume. CareerCast In terms of a one-stop job website, CareerCast offers a wealth of information, leads and help with landing a full time career, part time job or freelance work. So how do they stand out from the sea of job websites? They offer specific searches for niche fields, including Construction Disability Diversity Energy Green HealthCare Nursing Trucking Veteran With a combination of old school advice, an easily searchable database of jobs and help in targeting specific and niche industries, CareerCast stands out from the rest and will help you to do the same.