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Ray Kroc - Research Paper

Ray Kroc


PROBLEM STATEMENT :
In order for McDonald's to reach its goal of "par excellence", it must
use the full meaning and definition of marketing. Marketing is giving the target
market what they want, when and where they want it, at a price they are willing
to pay for it.

REFLECTION / OPINION

For McDonald's to achieve its "par excellence", they must focus on the
fact that there is an ever changing market and that the wants and needs of
consumers are constantly changing. Since McDonald's has been around for forty-
one years, it is safe to say that they are the father of the fast food industry
and that they have set an example for others to follow.
When Ray Kroc bought the first McDonald's in ...

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a more common occurrence.
McDonald's became a mastermind of marketing toward specific markets by
pioneering ideas such as breakfast menus, healthier choices and alternatives,
and "adult" foods. McDonald's has truly evolved into a world power by paying
attention to the needs and wants of the changing market and adjusting to these
needs.

LINKING THEORY :

Ray Kroc saw early on what needed to be done. He changed what was at one
time a product orientation, into a marketing orientation. Back in 1955, this was
still a new type of management. From the beginning, Kroc was already in the
forefront of marketing.
Marketing orientation focuses on the customer and what they want in a
product, rather than product orientation which focuses on the product itself.
McDonald's has taken every aspect of marketing orientation and utilized the
philosophy to its fullest. McDonald's has focused in on the customer needs and
wants, sometimes even putting the ideas into the consumer's mind before ...

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PAPER DETAILS
Added: 11/2/2007 10:23:41 PM
Category: Economics
Type: Premium Paper
Words: 853
Pages: 4

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