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Essay about On McDonalds

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On McDonalds For my business course, I have been asked to prepare a report for a business at work. I could choose any business to investigate. I decided to do McDonalds because it is globally recognised and of its size. Also because it is a franchise I thought that it would be interesting to see how a franchise operated. The tasks that I need to complete are, explain the ownership of my chosen business and the advantages and disadvantages to this, the objectives the business sets for it self, how it meets these objectives and is it successful in meeting these. Look at the departments within the business and the functional areas within each of these departments. Look at the different …show more content…

He was granted a licence to be a franchisee and opened his first store in Des Plaines near Chicago, Illinois in 1955. By 1959 he and the McDonald brothers had 100 restaurants running. In 1961 Kroc brought the rights of the McDonalds restaurants from the brothers for $2.7 million. 9 years later, he had over 1,000 restaurants in America, Canada and Puerto Rico. Kroc then made the decision to expand stores faster and further away, by 1972 he had opened an additional 1,000 restaurants worldwide. 1974 saw the opening of the 3,000th and the first in London opened in Woolwich, South East London. In 1984 Ray Kroc died and the Ronald McDonald Children's Charity was set up in his memory. Although Kroc passed away his business carried on expanding, by 1999, there were over 25,000 restaurants worldwide, and the company is still growing every year. 3.0 (E1) McDonalds Ownership ============================ McDonalds Restaurants Ltd. is a wholly owned subsidiary of the McDonalds corporation, no other companies are a part of this, the company is not listed on the UK Stock exchange but is on the stock exchanges in New York, Frankfurt, Paris, Munich and Tokyo. As well as being a privately owned company, McDonalds is well known for being the largest franchised food service company in the world with over 70% of McDonalds restaurants

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