Preview

Marketing Plan Phase 4

Best Essays
Open Document
Open Document
4345 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Plan Phase 4
Marketing Plan Phase IV
Xxxxx
MKT/421
January 15, 2012
Donald “Skip” Gregory

Marketing Plan Phase IV

(Online Marketing Trends, 2011).

The Brass Tacks * Price: $24 Billion in annual revenue * Place: 33,000 local restaurants, 119 Worldwide with around 80% independently owned * Promotion: Internet, television, radio, newspaper, magazines * Product: Food and beverages
McDonald’s mission is, “To be our customers’ favorite place and way to eat” (McDonald’s Inc., 2012). Since 1955 McDonald’s have been building a multinational and multicultural international business that satisfies customer’s Worldwide (McDonald’s Inc., 2012). McDonald 's is the leading global food service retailer with more than 64 million people served daily in 119 different countries (McDonald’s Corp., 2011). More than 80% of McDonald’s restaurants are owned and operated by independent local men and women (McDonald’s Corporation, 2011).
McDonald’s restaurants are Worldwide and some of the different places have their own specialty products (McDonald’s Corp., 2011). McDonald’s has been working hard to create the goods and service experience that will keep customer’s coming back. The Plan-to-Win they have been using to market their products consists of focusing on people, products, place, price, and promotion (McDonald’s Corporation, 2011).
So far the current marketing plan has been working to launch McDonald’s to the forefront of fast-food suppliers in the World. McDonald’s is innovative and uses every promotional opportunity to meet its goal to be the World’s favorite place to eat. The company is connecting with customers through the many social networking sites like You Tube, Twitter, and Face Book. Although McDonald’s has a basic menu, it caters to the different tastes of consumers around the World.

The McVeggie Burger (Betty Crocker, 2011).
The vegetarian and the health conscious consumers need a new quick place to eat. McDonald’s can market a

You May Also Find These Documents Helpful

  • Better Essays

    Marketing Plan Phase III

    • 1419 Words
    • 6 Pages

    References: Perreault, W. D. Jr., Cannon, J. P., & McCarthy, E. J. (2011). Basic marketing: A marketing strategy planning approach (18th ed.). New York, NY: McGraw-Hill Irwin.…

    • 1419 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    | McDonald’s is a food service retailer and aimed at making profit and its restaurants are owned and operated by local people worldwide. Its mission is becoming a leader in food sector and best customer service according to their needs. Their main product is food.…

    • 1168 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    McDonald’s is a well-known icon and influence on our culture for many reasons. McDonald’s can be seen in many television sitcoms and movies as far back as 1973, as well as a huge sponsor for the Olympics that increase its hold on the society. Through the catchy commercials that boast new products declaring individualism, Americans embrace the individualistic choices and feed into the hype. Also, being a household name that even children can recognize the golden arches and Ronald McDonald, and crave it while you drive by. Personally, I was not immune to the grand opening of McDonald’s close to my hometown, where my parents drove 30 minutes to eat there. Beyond the American borders, it has become a global representation of the Western world abroad as the logo and symbols of McDonald’s are easily recognized by anyone and age from any country. How did McDonald’s take over the world? This is simple to answer: A strong business model.…

    • 887 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Aims of Mcdonalds

    • 292 Words
    • 2 Pages

    Another of Mcdonalds objectives are a smart company as well as relying on their customers to spread the word they are also relying on the fact that advertising the products will draw in new customers…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    rhetorical

    • 877 Words
    • 4 Pages

    McDonald 's spends a large portion of its revenue on further marketing the brand. Their expensive marketing and advertising campaigns have been highly effective, contributing to McDonald 's famous burgers and fries being found in all four corners of the globe. One would have to question their aggressive and rigorous marketing approach, the majority of people worldwide have either seen the famous golden arches or tried a McDonald 's product in their lifetime, and seems unnecessary to market their products so extensively, still today. A fundamental reason why McDonald 's is one of the largest and most recognizable companies in the world is due to their advertising approach and ethical appeal. McDonald 's target market does not focus primarily on one demographic, however it seeks to attract all ages, sexes and races- a catalyst for their national and global success.…

    • 877 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    McDonalds Case Study

    • 1135 Words
    • 5 Pages

    McDonald’s has a very welcoming environment, and their philosophy is to be friendly with its customers and to give back to the community it serves. By analyzing detailed information about their customers through continuous market research, McDonalds obtains key information to determine their marketing mix, which include: which products are well received, the prices that consumers are willing to pay, which television programs, newspapers, and social networking sites consumers enjoy, and which restaurants are visited.…

    • 1135 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    McDonald's is the world's leading food service retailer with more than 30,000 restaurants in 121 countries serving 46 million customers each day. It is one of the worlds most well-known and valuable brands and holds a leading share in the globally branded quick service restaurant segment of the informal eating-out market in virtually every country in which we do business. McDonald's Corporate used advertising, personal selling, sales promotion, public relations, and direct marketing to become America's leading Burger Empire. These five promotion tools are used in McDonald's integrated marketing communications program which allows McDonald's to carefully integrate and coordinate its many communication channels to deliver a clear, consistent, and compelling message about the company and its products.…

    • 636 Words
    • 2 Pages
    Good Essays
  • Better Essays

    “McDonald's brand mission is to "be our customers' favorite place and way to eat." Our worldwide operations have been aligned around a global strategy called the Plan to Win centering on the five basics of an exceptional customer experience – People, Products, Place, Price and Promotion. We are committed to improving our operations and enhancing our customers' experience.” --http://www.aboutmcdonalds.com/mcd/our_company/mcd_faq/student_research.html#1…

    • 2317 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Today, McDonald’s is practically everywhere in the world and is a part of their cultures. The explanation of McDonald’s success can be derived from many things, but the ones that stand out are first their branding. They have been around for over sixty-five years and that certainly helps with branding. As of today, McDonald’s success in the public’s eye is that they have quality food at a low price that is given to the customer quickly with great service and clean facilities.…

    • 1116 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Mcdonald's Market Structure

    • 5293 Words
    • 22 Pages

    By the late- 1990s fast-food chain McDonalds had enjoyed 40 years of exceptional performance. McDonald's brand mission is to be a customers' favorite place and way to eat. McDonald's worldwide operations are aligned around a global strategy called the Plan to Win, which center on an exceptional customer experience – People, Products, Place, Price and Promotion. They are committed to continuously improving theirs operations and enhancing customers' experience.…

    • 5293 Words
    • 22 Pages
    Good Essays
  • Better Essays

    We all know of McDonald’s a being one of the biggest, popular, and best food chain restaurant around the world. The fast food chain was started in 1955 by Ray Kroch in California. The restaurant took pride in providing hot French fries, delicious hamburgers, and their speedy drive-thru service. The fast food chain started with one small restaurant and got restaurants all over the US and other countries. McDonald’s main mission is to keep serving a budget and healthier friendly menu. The restaurant chain has over 30,000, and that is in a least 100 overseas locations. McDonald’s as a fast food chains earns more than a billions…

    • 1119 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Mcdonalds Marketing Strategy

    • 2747 Words
    • 11 Pages

    Everyone knows McDonald’s, every kid’s and adult’s favorite fast food restaurants. McDonald’s has successfully infiltrated different market economies around the world. McDonald’s first established in 1948 in San Bernardino in California, over 50 years, this cooperation has able to expand itself into 119 countries throughout the world. How did it become so successful? It took the smart approach and researched the taste and need in each country before entering the market. McDonalds is one of the biggest fast food chains around the globe. It has located itself in 119 countries over the past 50 years since it has been established. Even though fast food is eaten mostly in western cultures, McDonalds has positioned itself in every single continent, integrating into different countries culture. This company has successfully marketed themselves globally, and is a good example of a global brand that everyone recognizes despite of culture, gender, and ethnicity.…

    • 2747 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Mc Donald's and the 4 Ps

    • 1414 Words
    • 6 Pages

    "Welcome to McDonald 's May I take your order?" This is a very kind saying that might sound familiar to a lot of consumers, who go to fast food restaurants frequently. The reason why people keep going back to McDonalds week after week is because of McDonalds advertising and marketing. McDonald has a reputation that was built on more than just food; it is a place for families to get together. Well over 9500 restaurants in almost 45 countries is the strength of McDonalds. No other single brand name has ever matched McDonalds marketing strategy. McDonalds spends more than $800 million dollars annually on their marketing and promotion. McDonalds started a big advertising campaign back in the year 1987 that aimed to change the misunderstanding that their food was junk food. This marketing strategy didn’t stand the test of time because the news people started to pen pieces that claimed the food in McDonalds was not good for you. People do not come to McDonalds for food that is good for them. From then on McDonalds began to provide their consumers with a nourishment card with facts about their food instead of attempting to convince the public that their food was good for them.…

    • 1414 Words
    • 6 Pages
    Better Essays
  • Good Essays

    McDonald’s is a fast food restaurant chain and “has over 32,000 locations in more than 100 countries around the globe” (McDonald’s website). It is one of most popular fast food restaurants in the world, and preferred by a lot of people. The restaurants are very modern and cozy and always have a place for children to play in. It is also known for their Happy Meals, which contains a hamburger, french fries and the always desired toy. McDonald’s is my favorite fast food restaurant because it has everything I love. Their food is my favorite, the service is good and they have charities, which is very important.…

    • 829 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mcdonalds

    • 531 Words
    • 2 Pages

    McDonald's global marketing strategy is based on combination of global and local marketing mixed elements . For instance , McDonald's business model which is depicted by the “ three-legged stool “ of owner /operator , suppliers and company employees , is their foundation , and balancing the interest of all three groups .…

    • 531 Words
    • 2 Pages
    Good Essays