Marketing Considerations and Plans Essay Example for Free

Marketing Considerations and Plans EssayMcDonald is 1 of the most internationally recognizable companies in spite of appearance the hospitality industry. Although I have non excogitateed with McDonald ever, I am quite familiar with it as one(a) of closest friends has been working with the marketing team of this restaurant chain for last four years. He keeps grievous me about his troupe, how it runs its business so that it stick out maintain its top position deep down the fast nutrient for thought sector world wide.Apart from listening to my friend about his phoner, I also do question on McDonald by reading stories relating to McDonald published in various magazines, newspapers and on various websites as I am a fond of McDonald forage staffs and love this fast food restaurant chain. McDonald Corporation listed in New York stock exchange has emerged as one of the worlds largest chain of fast food restaurants. It is most popular for its hamburger. Its client base is so huge that worldwide it sells its harvest- whiles to around 47 jillion plurality on daily root.The menu of McDonalds includes various sorts of burgers like hamburgers, quit burgers etc. , products made of chicken, different sorts of breakfast items, French fries, various kinds of shakes, desserts and soft drinks. Mcdonalds, however, quite often gets criticized over the healthiness of its products. These products ar considered to be one of the important factors which are taking active part in change magnitude obesity in the western countries. The company, however, has made some effective measures in response to the rising obesity trend in the western countries and the criticism over the healthiness of its signature products.It has made some modifications to its menu by introducing several(prenominal) healthy food items like different types of salads, wraps and fruits. In spite of getting criticized over the healthiness of its products and having increasing arguing within th e industry, McDonald has been able to maintain its strong position within the industry it operates in. Its popularity has not decreased. hence it would be quite interesting to look at the sources of its rivalrous avail which have helped it to win the competition.In lay out to examine the sources of competitive advantage of McDonald, the strengths of the company will be analyzed in lucubrate as strength of any company slew be defined as a distinctive competence of the firm that gives it a competitive advantage in the market place. A firm can gain its strength from its financial resources, the control of its print, leadership quality within the market and buyer-supplier relationships. (Competitive advantage, 2010 Ghosh, et al. n. d) In suit of McDonalds, its biggest strength is its brand go steady.Since McDonalds is one of the most known chains of fast food in the world, its brand recognition seems to be its biggest strength. Its marketing campaign always tensenesses on br and recognition by means of continuous promotion of the brand name. Through its extensive marketing campaign world wide the company has been able to create an image in the peoples minds and introduce them to the fast food culture. Its guest base ranges from kinds to old generation. It has nearly 30,000 branches in as many as 120 nations across the world.However, 80 percent of its revenues are generated from the market of eight countries including US, UK, Japan, Australia, Canada, France, Brazil and Germany. The company has been able to expand its caudexs on the basis of three burden strengths- cleanliness, delivery speed and customer care. McDonald has created a corporate symbol and through its passing successful marketing campaigns all round the world it has been able to give out a brand image and establish its logo in the minds of the people across the world.People are attracted to this logo and brand image and this attraction brings them to the stores. Although a number of competitors have emerged in the fast food industry, its rigorous marketing campaigns which are based on the companys internal resources, external conditions and its relations with its shareholders have been able to strongly maintain its brand value in the market. (Ghosh, et al. n. d Vijayarani, n. d. ) The brand name will not work in longer run unless brand value is mixed up with high quality product value.In order to win and maintain a strong position in the market, every company needs to use an allot marketing mix and product occupies one of the most significant positions within the marketing mix. Product value has been one of the greatest strengths of McDonalds. When a customer enters into a McDonalds store he/she know what to expect. The company places huge importance on its human resource and takes appropriate locomote to satisfy it customers as well as its employees.As far as the product related appear is concerned, the company is also found to be quite innovative in intr oducing new products harmonize to ever-changing trends and tastes of the people. Not only that, it also offers different menu to the people living in different countries according to their tastes and the countrys culture. Fro example, in India it offers a menu which is completely different from its international offerings. In the stores determine in India, it has eliminated ham, mutton and beef burgers from the menu.India is found to be the only country where McDonald offers vegetarian menu. Which is more interesting is sauces, cheese etc, are also completely vegetarian in India. In India according to changing taste and preference of the customers, it has introduced sniveller Maharaja Mac. Thus the biggest strength of McDonald lies in the fact that it brings an internationally reputed brand with high class food quality and brilliant customer specific product features. This strength provides the company with huge competitive advantage. Vijayarani, n. d. Ghosh, et al. n. d) money box now only the sources of competitive advantages of McDonald have been discussed. But in order to survive amidst strong competition a company has to possess start outable competitive advantages. Hence, it is now the time to look into sustainable competitive advantages of McDonalds. For a company, its sustainable competitive advantage can be defined as the advantage which seems to be difficult or unfeasible for other companies to own or infiltrate.The brand value, cost structure, vibrant customer care or its patent can be considered as sustainable competitive advantages for a company. An advantage should be considered as sustainable advantage only if the advantage has a distinct character or it is proprietary in nature. The sources of sustainable competitive advantages for McDonalds can be as follows ( Reidenbach and Goeke, 2006 Vijayarani, n. d) In order to hold sustainable competitive advantage there should be a good integration and coordination betwixt the companys manageria l and organizational process.If such integration takes place then there would be created the essential value as everyone will be chasing a common goal. In order to develop sustainable competitive advantage an organization is required to learn and introduce changes according to the need of the time and it should always be flexible towards changes that takes place in the external environment of the company, such as changes in customers taste and preferences, changes in government or legal restrictions, and development in the areas of technology.For McDonalds, one of the principal reason behind surviving within current market competition is that the company is placing its focus on sustainable competitive advantages by making efforts to integrate organizational behavior with managerial expertise. McDonalds, however, did not recognize the need of building sustainable competitive advantage previously. Earlier McDonalds used to tailor this advantage as it was more interested in expanding its outlets across the globe than focusing on its core advantages.As a result of it, the company did not experience any massive change in its revenues with opening up of new outlets. In fact, it suffered huge loss unless it recognized the importance of building sustainable competitive advantage. The company was right in detecting the need of the hour and bringing about changes in its management process in order to possess completive edge over its competitors. ( Lamb et al. 2008 Levy and Weitz, 2001) A company can obtain an excellent position in the market through its financial, structural, and technological assets. exclusively these assets significantly help in building sustainable competitive advantage for an organization. McDonalds has been able to obtain a strong position in the market by its abundant financial resources along with replete structural and technological assets. Since 2003, the company has started to concentrate on identifying and implementing these assets in righ t direction that would bring advantage to the company. Thus these assets build one of the greatest advantages for the company. (Lamb et al. 2008 Levy and Weitz, 2001)Apart from all these, the vision and mission with which the company started its journey can be considered as one of the biggest competitive advantage fro McDonalds. McDonalds ability to sustain its dream over the years has provided it with a huge competitive advantage over its competitors. When a brand revolves around its vision in order to sustain and work in lieu with it, this results in develop significant sustainable competitive advantage for the brand. The McDonalds started its business in order to help those people who did not have much time to cook or were too busy to go to an appropriate restaurant.The vision of McDonalds was to offer quick service, and high quality food staffs at cheap rate. oer the years the company has been able to sustain this vision. Lamb et al. 2008 Levy and Weitz, 2001) Thus to sum it u p it can be said that McDonalds has been able to implement its best value based strategy by utilizing all its advantages which are unique to it and can not be copied by any of its competitors and thus it has build its competitive advantages which the company has been able to sustain over the years.