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Mcdonalds Corporation

Submitted by curlies on February 5, 2008

Category: Miscellaneous
Words: 1803 | Pages: 8
Views: 334
Popularity Rank: 26,323
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McDonald’s Corporation

McDonald’s is the global market leader in the fast food industry. Two brothers in San Bernardino, California started the first McDonald’s fast food restaurant in 1948; they tailored their drive-in restaurant, as an example of convenience for other restaurants to soon follow. At the beginning, there were only a few items on the menu, which has now substantially evolved to many more options, catering to the appetite of each region’s interest of food and health standards. With the modest beginnings of only a few items to choose from on their menu, the McDonald’s brothers focused on customer service and hamburgers at a price anyone can afford. Their prices are still reasonably priced for any budget. In 1961, Ray Kroc bought McDonald’s with a franchising vision for it to expand, in which he opened a restaurant in Illinois. Ray purchased McDonald’s from the two brothers for $2.7 million dollars, and contributed to the popularity and success McDonald’s has today. Kroc’s key concern was always preserving McDonald's image by setting high standards with himself and his company.
In the 1960’s, under Kroc’s leadership, McDonald’s used strategic advertising and marketing campaigns; Kroc used capital in order to attain the goals and vision he had with McDonalds. One of the catchiest parts of the advertisements that McDonald’s marketing plan came up with was the golden arch as their trademark. Children became attracted to McDonald’s even more with Ronald McDonald joining this advertising. In 1967, Canada and Puerto Rico became the to open McDonald’s, outside the US. In 2003, McDonald’s restaurants grew to 14,000 locations, and in the international market have grown to 14,177, which is a 32 percent increase. The international profitability has been substantial, with great success worldwide.
The extraordinary growth of McDonald’s has greatly to do with their franchising system. More than half of McDonald’s...

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