ipl-logo

Ray Kroc The Founder Summary

1580 Words7 Pages

SUMMARY
The Founder is based on a true story and is based on the story of McDonalds Franchise. Ray Kroc is a go getter and a sharp business man. He has always provided a comfortable roof over his and his wife’s, Ethel, head. Ethel, however wishes that he put as much love and effort into their relationship as he does selling milkshake makers for Prince Castle which has him constantly on the road from one restaurant to the other. One day he got an order for 6 Milkshake makers from a restaurant in San Bernardino, California. He thinks this is an error so calls the restaurant and they confirm that it is an error and they need 8 machines. This peaks his interest as he has never sold more than one milkshake machine per store. He decides to take a …show more content…

The directors and managers have the power and are given responsibility to make decisions and oversee an enterprise.
The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies.
In larger organizations, the directors decide on the policy which is then carried out by the chief executive officer, or CEO. Most people agree that in order to asses a company's current and future worth, the most important factors are the quality and experience of the managers.
Managers need to be able to direct the business and ensure that it is equipped to operate in the future as we live in an ever changing environment.
There are 3 levels of management-Top, middle and lower. They all need to be able to work together in order to ensure the smooth and effect running of the …show more content…

We soon realise though, that Ray has an autocratic style of leadership as he makes crucial decisions for the business without consulting the brothers. This is seen in the movie when he decided to supply the stores with the instamix shakes instead of ice cream even though the McDonald brothers did not approve. He believed that this would increase profits and decrease expense as one of his workers, Fred Turner points out that the electrical bill and the refrigeration costs are too

Show More
Related

  • Samuel Truett Cathy: Chick-Fil-A

    347 Words  | 2 Pages

    Samuel Truett Cathy, better known as Truett Cathy was the founder of Chick-fil-A. He was a small-town boy who was born in Eatonton, Georgia on March 14, 1921. From a young age, Cathy always had passion for business. When he was younger he used to help his family make extra money by selling Coca-Cola, operating a paper route, and performing odd jobs. He made so much money with his paper route that he eventually became the “breadwinner” of the house.

    Read More

  • Review Of Eric Schlosser's 'Your Trusted Friends'

    405 Words  | 2 Pages

    Throughout his writing, Eric Schlosser argues that the cooperation between businessmen Walt Disney and Ray Croc, along with other collaborations, advertisements in the media, and relying on others to help with various creative and financial details led to the prosperity of both companies. To conclude his writing, Schlosser reiterates that the two entrepreneurs perfected the art of marketing to America’s younger demographic, as well as claiming that both the work of Disney and Kroc unite in the ultimate form of

    Read More

  • How Did Truett Cathy Change America

    1536 Words  | 7 Pages

    Another thing that makes him stand out is when he opens a restaurant he makes sure it is running well before he leaves and opens another one. Truett only opens about seventy a year. They never offer stock to their employees. Truett said if he did and the employees didn’t get the expected amount he would feel obliged to make up the money to the stock holders.

    Read More

  • James Earl Ray Research Paper

    811 Words  | 4 Pages

    James Earl Ray arguably became one of the most infamous murderers of the 20th century when he murdered Dr. Martin Luther King on April 4, 1968 in Memphis, TN. On March 10, 1969, Ray pleads guilty to murder and receives a 99 year sentence, cementing his name in history. The murder of Dr. King sparked riots and protests across the nation, and some argue set back the civil rights movement with the loss of one of the movement’s most notable figures. Three days after the guilty plea, Ray wrote the judge for a new trial professing his innocence (PBS, 2010). The years following and several lawyers later, Ray never got another day in court, but maintained his innocence.

    Read More

  • Summary Of The Wednesday Wars By Gary D. Schmidt

    965 Words  | 4 Pages

    Mrs.Baker said they couldn't eat the cream puffs until after recess was over, but when recess was over, rats finished the food. The class got so mad at Holling and said he had to buy the class enough again by Wednesday next week. The following week later on Wednesday, Holling only has five cream puffs for the class, but Mrs. Baker saved his butt by buying the class cream puffs.   A couple days after that, it was starting to be time for the play and in class Mrs.Baker announced that if the class goes to the play, they would get extra

    Read More

  • Macmillan's Structure And Organisational Structure Of Macmillan

    952 Words  | 4 Pages

    This is an example of flat organisational structure as there is no middle management. The organisational structure of Macmillan Is split up into 6 different sections. The first and most important sector is the chief executive whose job it is to make the big decisions and to manage the major operations and resources of the company and finally acting as the main communicating point between board of directors and corporate operations, and then there is a board of trustees that the chief executive rely on to help them with the important decisions.

    Read More

  • Argumentative Essay On Woodstock

    1748 Words  | 7 Pages

    In 1968, both Martin Luther King Jr. and Robert Kennedy were assassinated, leaving the United State in a state of uncertainty. With a nation in need, the Woodstock Music and Art fair arose in 1969, standing against the background of the past year (Evans and Kingbur 20). Max Yasgur, a dairy farmer who leased his farm to the Woodstock promoters, once said to the millions of fans at the festival, “The important thing that you've proven to the world is that... a half a million young people can get together and have three days of fun and music and have nothing but fun and music, and I God Bless You for it!” (Gerdes 4), and that is exactly what the crowd of more than 400,000 fans did.

    Read More

  • Jamba Juice Case Study Solution

    962 Words  | 4 Pages

    In order to stay competitive they needed to find a way increase their profit. Jamba Juice only offered cold drinks, so in areas with cold seasons, such as New York, they lose money during the winter months. McDonald’s offered smoothies for about one dollar less than Jamba Juice and Starbucks was well known for their adult coffee beverages, which gave them an easy way to enter into a market for children who already came to the store with their parents. With their higher profit margins, large fast food companies could use smoothies as a loss leader and cause Jamba Juice to lose their footing. As McDonald’s began to market their smoothies, it became clear that they were seeing Jamba Juice as a rising

    Read More

  • Mcdonaldization In The Workplace

    961 Words  | 4 Pages

    As people have issues about Mcdonalds’ low food quality toward people’s health. However, there is another important area that we have to consider seriously about is how its system, so-called “Mcdonaldization”has influenced and continuously effecting our society. From the article “McJobs: Mcdonaldization and the Workplace” by George Ritzer, he distributes the idea of how Mcdonaldized system has changed our society into scripted and “programmized” places (Ritzer 1998:140). He has specifically analyzed the McJobs’( job that has been Mcdonaldized) into four elements,which is its efficiency, calculation, prediction and control. As the nature of the world is made of a full of colors, diverse opinions of people naturally exist toward the term

    Read More

  • Tesco: The Importance Of Information And Knowledge In Business

    1955 Words  | 8 Pages

    They take all the information about the department and team performance then the manager has to be the knowledge of management through that they have to set the goal for the organisations. This both well helps in taking the decision of goal and mission in the organisation. Information and knowledge for operational decision: this decision has to be taken by the lower level management. Their manager has to know the information about the production work and the information about workers and there need for performing there effective. Knowledge should bee needed of the production and operations work.

    Read More

  • Mcdonald's Theory Of Scientific Management Of Mcdonalds

    1195 Words  | 5 Pages

    In the beginning, McDonalds was run by two brothers named Richard and Maurice McDonald who not only owned but ran a hamburger restaurant in San Bernardino ,California in the 1950’s. Ray Kroc saw the potential in McDonalds and had ideas to expand it globally so he founded the McDonalds Corporation in 1955. Today, there are more than 33,000 McDonald’s restaurants globally in 119 countries (REFERENCE/web). McDonald’s applies Scientific Management by Frederick Taylor in their management. Frederick Taylor proposed four principles in scientific management that is ‘‘ the replacement of rule of thumb methods for determining each element of a worker’s job with scientific determination, the scientific selection and training of workers, the cooperation

    Read More

  • Economic Factors On Starbucks

    1109 Words  | 5 Pages

    IMPACTS OF ECONOMIC FACTORS ON STARBUCKS The ongoing global economic recession is the prime external economic driver for Starbucks. As I already mentioned, this factor dented the profitability of Starbucks. This has convinced buyers to shift to cheaper alternatives. As they did not quit buying coffee, Starbucks should seek an opportunity here. The company has to deal with rising labor and operational costs.

    Read More

  • Nurse Manager Essay

    1005 Words  | 5 Pages

    CAN A MANAGER BECOME A GOOD LEADER SIGNIFICANCE OF THE CONCEPT It is important to distinguish an effective manager and a good leader, also to recognise the concept of being a good leader as well as an effective manager, managers aspiring to become a leader can benefit from acquiring leadership skills, a good leader possess several qualities that could easily be termed as good managerial skills. Hence a leader must be well developed physically, mentally and intellectually to be able to assume such positions. In this current challenging world is crucial for every manager to possess excellent management skills and develop exemplifying qualities of a good leader.

    Read More

  • Reflective Essay On Leadership And Management

    784 Words  | 4 Pages

    Introduction- The leadership and management are two important pillars of modern day business. “You manage things; you lead people” Grace Hopper (retired Admiral, U.S. Navy). On one hand managers, not only motivate people but they also set the course of direction and organize to achieve the targets.

    Read More

  • Role Of Corporate Governance In Nestle

    1346 Words  | 6 Pages

    The management team will also provide relevant information to the board of directors whenever they need by attending the meeting held by the board of directors. In addition, the management team attend the meeting which is invited by the board of directors to advise and furnish the members of the Board of Directors with information and clarification relating to the items on the agenda for effective discussion and decision making. The Managing Director, supported by the Management Team, implements the Group’s policies and decisions as adopted by the Board of Directors overseeing the operations as well as developing, coordinating and implementing business and corporate strategies. The Managing Director is responsible for the stewardship of the Group’s direction and the day-to-day management of the Group. The Managing Director, together with the Management Team, manages the business of the Group in a manner consistent with the Nestlé Code of Business Conduct and the Nestlé Corporate Business Principles as well as in accordance with any specific plans, instructions and directions of the Board of Directors.

    Read More

More about Ray Kroc The Founder Summary

Open Document