McDonalds - company overview

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CHAPTER 1: MCDONALDS

  1. General information of McDonalds

In 1954 a gentleman called Ray Kroc, mortgaged his home and invested his entire life savings to become the exclusive distributor of a five-spindled milk shake maker called the Multimixer. He heard about a small hamburger stand of the McDonald brothers in San Bernadino, California, running eight Multimixers at a time, so he packed up his car and headed west. He entered into a contract with the McDonald brothers, which gave him the right to build restaurants all over the world.

On the 15th of April 1955 they opened their first restaurant in Des Plaines, Illinois, the first day's revenues was $366.12! No longer a functioning restaurant, the Des Plaines building is now a museum containing McDonald's memorabilia and artifacts, including the Multimixer!

In 1965 McDonald's went public with the company's first offering on the stock exchange. A hundred shares of stock costing $2,250 dollars that day would have multiplied into 74,360 shares today, worth over $2.8 million on December 31, 1998. In 1985 McDonald's was added to the 30-company Dow Jones Industrial Average.

In 1974 Fred Hill of the Philadelphia Eagles teamed up with McDonald's to create Ronald McDonald House. Here the families of critically ill children have a place to call home while they're away from home as the young patients undergo treatment for their conditions.

  1. Activity in general

 

The main activity of a business is producing the goods or services it supplies. Most businesses have one core activity, many also have other activities which may relate to other sectors. Businesses often move into other areas of activity as a natural extension of their core activity. In this way, a business can expand into markets that complement and support its core activity. Some businesses may move into activities that are unrelated to their core activity.

1.3 Activity of McDonalds

McDonald's is the leading global food service retailer with more than 30,000 restaurants serving nearly 46 million people in more than 100 countries each day. Approximately 80 percent of McDonald's restaurants worldwide are owned and operated by independent, local businessmen and women. McDonald’s commitment to give time, money and energy back into our communities continues to be a top priority for the corporation.

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1.4 Aims in general

All businesses have aims that they want to achieve. Aims are the overall goals and purposes that the business was set up to fulfil. One of the main aims of most businesses is to make a profit, or at lest to cover its costs. However, some businesses aims are simply to provide a service to the public. This applies especially to organisations in the public sector. Businesses that are owned and run by local or national government such as a school or college.

1.5 Aims of McDonalds

McDonalds ...

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