Marketing Analysis of McDonald’s Company
Anuj Goel
Kathmandu College of Management
Executive Summary
McDonald’s is the world 's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across more than 36,000 outlets. (McDonalds)
McDonalds target market is whole world on the basis of geography. On the basis of age group they are targeting kids, teenager, and adults. They position their product in the minds of customer by providing fast service, at low price, and tasty product. They adapt their product according to changing taste and preference of customers and also according to general taste and preference of people living in the particular country. They keep on bringing new
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They have expanded their product categories. They keep on bringing new flavors, (MEYER, McDonald’s Marketing Mix (4Ps) Analysis, 2015)
Prices of products of McDonalds are medium priced it range from 25 to 200 IC. They use two kinds of pricing strategy and that is psychological pricing and price bundling. (MEYER, McDonald’s Marketing Mix (4Ps) Analysis, 2015)
Promotion mix used by McDonalds is mixture of advertising, sales promotions, public relations and direct selling. But their major focus is on advertisement and sales promotion. (MEYER, McDonald’s Marketing Mix (4Ps) Analysis, 2015)
McDonalds distributing strategy: McDonald’s restaurants are the most prominent places such as main road, commercial areas, malls, airport, and residential area. McDonald’s sell its products through restaurants, kiosks, website and McDonald’s mobile app. McDonald 's restaurant is operated by a franchisee, an affiliate, or the corporation itself (MEYER, McDonald’s Marketing Mix (4Ps) Analysis,
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Modern is about getting the brand to where we need to be today and progressive is about doing what it takes to be the McDonald’s our customers will expect tomorrow. To realize this commitment, we are focused on delivering great tasting; high-quality food to our customers and providing a world-class experience that makes them feel welcome and valued.” (MEYER, McDonald’s Vision Statement & Mission Statement Analysis, 2015)
McDonald’s Mission Statement
McDonald’s mission statement is officially stated as follows: “Our mission is to be our customers’ favorite place and way to eat & drink. We’re dedicated to being a great place for our people to work; to being a strong, positive presence in your community; and to delivering the quality, service, cleanliness and value our customers have come to expect from the Golden Arches – a symbol that’s trusted around the world.” (MEYER, McDonald’s Vision Statement & Mission Statement Analysis, 2015)
The main objectives of the
There are many things that are different than they used to be and this is one of
Volkswagen saw the chance to reproduce the VW Bug and they did. While the new Beetle sold fairly well, it was nowhere near as lucrative as the initial VW Beetle. Nevertheless these individuals can't see past the end of their noses and they keep imagining that newer is better. Among the major concerns is this.
The investigation still continued until finally they got the break they were waiting
Strategic purpose is something needed, because this allows the performance management to meet the organizational needs of revenue, or direct competition with their competitors. Administration purpose this allows the company to make important administrative decisions. Without and effective system, making salary, promotion, and retention decisions would be very hard. Finally, the three general purpose would be developmental purpose.
QUESTION NO: 1 Contrast Coke and McDonald’s global branding strategies. How are they similar and how are they different? Why are they so well-respected?
They get the food ingredients from one supplier and the drinks are from another supplier. McDonald’s has nothing to sell selling if they didn’t have a supplier. The company must make sure the suppliers are cooperation and trustable.
In order to serve this purpose, the following research questions are
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
The organization view themselves primarily as a franchisor and believe franchising is important to delivering great customer experiences and driving profitability. At year-end 2014, more than 80% of McDonald’s restaurants were franchised. From
The age factor used by the target market of McDonalds is a family with dual income that does not have the time to prepare their food for their children, the workers who are having lunch and teens. Besides that, according to Schroder and McEachern (2005), global target market fast-food industry account for 79 percent is at age 17-25. The income factor used by McDonald target customers are upper-middle and lower income consumers. The Mac value offered by McDonalds will attract lower class customers to upper-middle customers. McDonald 's lunch meal RM5.95 has improved the product as it is attractive to upper-middle and even lower customers.
With this strategy, it gives customer the awareness and urge to buy in view of their low pricing as compared to other competitors. For example, KFC Zinger Double Down set priced at RM 9.95 with includes two pieces of meat while McDonald Spicy Mc Deluxe Burger set at RM 9.45 with includes only one piece
This is a huge market since the U.S. and the world revolved around convenience. Although McDonald’s is very popular right now you never know if one day it will become a shadow to another company. Next, since there are so many competitors each company is trying to be unique and bring new things to the market. Whether it is McDonald’s McPick 2 or Wendy’s 4 for 4 competitors are trying to out shine each other, making it hard to compete and keep prices down sometimes. With a quick google search I found that there are over 50,000 different fast food chains in the United States alone.