Analysis of McDonalds Operation Management - 606 Words

McDonalds Operations Management: McDonalds Corporation had developed to become the leading fast-food chain of restaurants since its inception to the extent that it serves more than 47 million customers across the globe on a daily basis. The corporation is the largest global food-service retailer since it has over 30,000 local restaurants that serve approximately 52 million people in over 100 countries every day. One of the critical factors attributed to the success of McDonalds global business is operations management, which focuses on the careful control of processes that are used in manufacturing and distribution of goods and/or services. Operations management is generally described as the planning, arrangement, and control of activities that change raw materials or an organizations input into finished products and services. The overall activities covered by operations management include the creation, development, manufacture, and distribution of products. The concept also relates to various activities such as inventory control, controlling purchases, quality control, logistics, storage, and evaluation (Operations Management in McDonalds, n.d.). Since operations management covers the entire operations in an organization, it mainly focuses on the efficiency and effectiveness of the firms processes. Throughout its restaurants across the globe, McDonalds Corporation consists of various operations that are associated with the overall strategy of the company. Some ofShow MoreRelatedMcdonalds Operations Management Essay1145 Words   |  5 Pagesand time in the operation management department of the business. This report will focus on the business, McDonald’s and what practices they have put in place to ensure that they are producing their products efficiently and sustainably. The business will also be compared and contrasted alongside the American fast-food restaurant chain famous for its fried chicken, providing recommendations on how McDonald’s could further improve their business in the area of waste and time management.  Business BackgroundRead MoreOperations Management : Mcdonald s Marketing Management1435 Words   |  6 PagesIntroduction 3 About McDonald’s 4 Process of McDonalds 4 Operations management 5 Operations managers 5 Operation strategy of McDonald’s 5 Pricing strategies of McDonald s 6 Innovation at McDonald s to improve operations and services 7 Inventory management 8 The Just-in-Time (JIT) Approach 9 Just- in-Time (JIT) Approach in McDonald’s 9 Advantages and benefits of JIT approach 10 Capacity management 11 Capacity strategies 11 McDonald s capacity strategy 11 Quality management 12 Quality management strategiesRead MoreLearning Team Assignment Control Mechanisms of Mcdonalds1477 Words   |  6 PagesMechanisms of McDonald’s MGT/330 September 13, 2010 University of Phoenix Control Mechanisms of McDonald’s McDonald’s has become a leading competitor in the fast food industry. They are a household name famous for its signature â€Å"golden arches† and â€Å"supersized† fries. McDonald’s is an international corporation that manages several hundred independently owned stores. To effectively manage this type of corporation, McDonald’s must use several control mechanisms. Below is an analysis of McDonald’s controlRead MoreOperations and Materials Management1312 Words   |  6 Pagesthe appropriate audience. | | |Major points are stated clearly; are supported by specific details, examples, or | | |analysis; and are organized logically. | | |The introduction provides sufficient background on the topic and previews major | Read MoreTamadun Islam1657 Words   |  7 PagesAHMED HIRRA PERVAIZ MCDONALD’S CORPORATE PROFILE McDonalds is the worlds leading fast-food company by sales, with about 32,000 restaurants serving burgers and fries in about 120 countries. (There are nearly 14,000 Golden Arches locations in the US.) The popular chain is well-known for its Big Macs, Quarter Pounders, and Chicken McNuggets. Most of its outlets are free-standing units, but McDonalds also has many units located in airports and retail areas. PRODUCTS McDonalds is proud to offer aRead MoreProduct Design Development and Product Lifecycle Analysis of McDonalds Corporation811 Words   |  3 PagesProduct Design, Development and Product Lifecycle Analysis of McDonalds Corporation McDonalds competes in one of the most mercurial and fast-changing industries there are, where product lifecycles must be aligned both to rapidly changing customers preferences and tastes. The inherent need for the McDonalds product strategy to stay relevant, topical and in demand for consumers also requires a highly integrated, real-time supply chain that can react quickly to changes in product strategy andRead MoreRecruitment And Selection Processes At Mcdonald s The American Fast Food And Hamburger Chain1465 Words   |  6 PagesThis report presents a description, analysis, and evaluation of the recruitment and selection processes at McDonald’s, the American fast food and hamburger chain. The enterprise is one of the largest restaurant chains globally, operating many outlets in many countries, including Canada. McDonald’s is one of the biggest private employers worldwide because of its numerous outlets in many countries. It operates largely in the model of franchis es, in which the enterprise licenses its trade name, productsRead MoreControl Mechanisms in Management1269 Words   |  6 PagesControl Mechanisms MGT/330 November 12, 2012 Control Mechanisms The four control standards the team chose to explore in regard to McDonald’s are performance, performance vs. standards, corrective action, and reinforce successes. The team will compare and contrast these control mechanisms, and determine the effectiveness of each. The team will also examine the positive and negative reactions to the use of these controls. Performance Standards â€Å"A standard is an expected performance forRead MoreMcdonalds Case Analysis1362 Words   |  6 PagesMcDonalds Case Analysis The most important general environmental factors to be considered for the industry and McDonalds include its demographic, sociocultural, global, and physical environment segmentations. The demographic segment is important in terms of this industry because of the consumers that make up the fast-food industry. The demographic segment associated with McDonalds consists of a wide range of consumers with their new and improved menu that offers the success of the new dollar menuRead MoreMicro and Macro Marketing Environment1311 Words   |  6 PagesMcDonald’s became a famous global name (refer to appendix 1) which had more than 33,000 restaurants in 119 countries (McDonald’s, 2012). How could it operate profitably in a competitive market? It was due to the flexibility in the changeable marketing environment (Lovelock, 2002). The marketing environment can be assumed as a flexible system. Just like the human body which may die if it fails to adjust to environmental modificatio ns, so the business also may lose if it does not adapt to external

Women During The Jacksonian Era - 1740 Words

Women throughout the course of history have played numerous roles in society. During the Jacksonian Era, America as a whole was undergoing various changes. Political changes allowed the â€Å"common man† to have a say in government. While the women still lacked the right to vote and be involved in politics by law, they certainly made their presence known. Women were able to influence government through their unwritten social laws. The Petticoat Affair describes perfectly how women made powerful political statements without even having a woman in office. The Petticoat Affair focuses on the wives of Andrew Jackson’s cabinet during his first term of President of the United States. The wives and in turn their husbands had a hay day over†¦show more content†¦Unfortunately, the bills would not pass. Eaton and the Timberlake’s friendship blossomed, but Timberlake had no choice but to return to sea. Timberlake went back to the sea and Eaton continued to stay at the Franklin House, where Margaret and him got even closer. News reached Washington that Timberlake died while out at sea. Rumors spread like wildfire that he killed himself because Eaton and Margaret were to close, even so much to say that Margrett needed to get an abortion to cover up the affair with Eaton. True or not the rumors ran rapid. Margaret waited a few short months to marry John Eaton as opposed to the custom year or two, only adding fuel to the fire. The plot to this story thickens even more with the introduction of Andrew Jackson to the equation. Jackson often found himself staying at the Franklin House while in Washington. He was also a fan of Margaret. Eaton and Jackson were also very close. The newly elected President was in need of a Secretary of War. Eaton with his war record and closeness with Jackson fit the bill. Jackson was one of Margaret’s biggest supporter through all the drama. Jackson saw many similarities between Margaret and his late wife Rachel. Rachel just like Margaret was involved in many rumors. During the 1928 election, all bets were off. There was nothing that could not be said. Rachel and Andrew took the brunt of this mud slinging. QuestionsShow MoreRelatedJeffersonian Republicanism vs. Jacksonian Democracy1441 Words   |  6 PagesThomas Jefferson and Andrew Jackson were two influential political figures in two very different eras, ranging from 1800-1808 and 1808-1840 respectively, that established two very different political philosophies. Each formed their own system that helped shape the way people think about American government. Liberalism is a political philosophy that goes against the established status quo at the time in order for change, where as a conservative is one which adheres to principles established by thatRead MoreThe Presidency and Ideologies of Andrew Jackson Essay927 Words   |  4 Pagesdevelop politically, economically, socially, and culturally during the Jackson era. This paper had talk about the changes made during the Jacksonian Era’s and explain how the reform’s had aided and injured the United States society. Reforms in Politics Political reforms during the Jackson era occurred to stopped corruption, limit the size of government, and to expand as well as protect the rights of the people. During the Jackson era more people were giving the right to vote. The right to voteRead MoreArticle Review: Pessens The Jacksonian Character879 Words   |  3 PagesReflections Upon The Jacksonian Character In Pessens article, The Jacksonian Character, he provides an energetic explanation of the phrase that is the title, but he also writes upon the changing and distinct nature of national character. The example of national character in this writing is the Jacksonian character, made popular during the Jacksonian era of American history. The Jacksonian era is approximately three decades during the 19th century, from 1820 1850 aroundabout, as there is someRead MoreThe Contributions Of The Jacksonian Era1217 Words   |  5 Pagesan Era after him, the Jacksonian Era. Andrew Jackson was unlike the presidents before him, and he was considered the first modern president. I agree that the Jacksonian Era was a pivotal period in American History when the role of the Federal Government and the President were redefined. Many changes occurred during the Jacksonian Era like the issue of slavery, women’s rights, multiple reforms, the many panics the United States went through and voting reform s occurred. During the Jacksonian EraRead MoreInequality : Andrew Jackson Won The Presidential Election950 Words   |  4 Pagesof his own drum (George Brown Tindall 443). â€Å"I was born for a storm,’ the fearless Jackson boasted; ‘a calm dose not suit me† (George Brown Tindall 442). His two terms in office was called the age of the common man. However, the Jacksonian democracy was actually the era of growing economic and social inequality. The growing gap between the wealthy and the poor and open racial behavior are two points that demonstrate how the age of the common man became instead the age of inequality. â€Å"While men ofRead MoreJeffersonian And Jacksonian Democracy1574 Words   |  7 PagesJeffersonian and Jacksonian Democracy both have roots dating back to the Era of Good Feelings, when James Monroe created a golden climate of liberalism and national unity. As a result of the War of 1812, Monroe spoke of his policies and beliefs and in 1817, peace, liberty, pr osperity, and progress flourished throughout the nation (Garraty 200). The Era of Good Feelings came to an end because of the â€Å"corrupt bargain† in 1824. The transition from Jeffersonian to Jacksonian Democracy involved scandalousRead More To What Extent Was Jacksonian Democracy Democratic? Essay1209 Words   |  5 PagesTo What Extent Was Jacksonian Democracy Democratic?   Ã‚  Ã‚  Ã‚  Ã‚  During the administration of Andrew Jackson, the United States was a nation of change both politically and socially. American society was a society of opportunity. Americans felt that, given a chance, they could make a better life for themselves. This was the era of the common people, the era of democracy. Andrew Jackson appealed to the American people because he stood for values many regarded with favor. However democratic Jackson mayRead MoreThe Rise Of The Jacksonian Era1540 Words   |  7 PagesThe Jacksonian Era was often described as a time of â€Å"democratization of politics† in the United States. However, democracy, at this time, was only defined as equality and justice for white males. There were improvements that benefited the common people, such as universal male suffrage, but these excluded women, Africans, Indians, and the rest of the population in the country. In addition, Andrew Jackson was not very democratic as he violated the Constituti on and used the authority of the governmentRead MoreAndrew Jackson’s ‘Era of the Common Man’ or the ‘Jacksonian Period’ (1824-1845)1100 Words   |  5 Pages Andrew Jackson’s ‘Era of the Common Man’ or the ‘Jacksonian Period’ (1824-1845) starts at his inauguration, and ends as the Civil War begins. Jackson was the first president that was not born into wealth or education, but instead made his own wealth, and taught himself up to a prime education, a ‘self-made man’, as some may say, this and his military history made him the defining figure of his age. Although, he downplayed his past successes to make him more like the ‘common man’, and appeal toRead MoreThe Jacksonian Democratic Party1423 Words   |  6 Pagesprivileges†, he called for a party to become the sentinel of the original American democracy. And for many, the Jacksonian Democratic Party filled that role. The Democrats, who pursued a democracy that entailed economic and social independence for the common citizen, faced harsh opposition from the Whig Party in the Second American Party System. But apart from the political tensions of the era, the mid-1800’s were host to numerous movements and events that embodied, and didn’t embody, the Democratic

Advance Business Communication Commodities and Services

Question: Describe about the Advance Business Communication for Commodities and Services. Answer: Case Study 1 Company Background Enron was an American company which was in the field of energy, commodities and services. The company was founded in the year of 1985 after the merger between Houston Natural Gas and InterNoth. The company used to be one of the major companies in the field of electricity, natural gas, communication and pulp and paper. However, the company was involved in a massive financial scandal and as a result, the company become bankrupt (Markham 2015). Analysis and Reason for Failure Enron become bankrupt due some major financial and accounting reasons. One of the reason for Enrons downfall was the revenue recognition process of the company. instead of using the Agent model for reporting revenues, the company used to report the entire vale of trades as revenue. This is the reason for which the revenues of the company tend to increase unexpectedly year by year (Abdel-Khalik 2016). The introduction of mark-to-market accounting was a mistake for the company. After the introduction of mark-to-market, the viability and costs of the contracts were difficult to estimate and the investors and stakeholders of the company were provided with false and misleading information. Corporate governance was another reason for the failure of the company. It was reported that the board of directors of the company was involved in illegal trade practices to gain a large amount of remuneration along with the auditors of the company (McLean and Elkind 2013). The auditors of the company w ere criticized and accused for the audit results. These are the main reasons for the collapse of Enron. However, there are other reasons behind the collapse like increase in the executive compensation, ethical and political issues and others (Jones and Stanton 2013). Conclusion and Recommendation From the above discussion, it can be observed that the main issue behind the collapse of Enron is the accounting and auditing reasons. Thus, it is recommended that the companies needs to maintain and prepare the financial report as per the guideline of the respective authority of the country. On the other hand, the auditors must remember that they should not collaborate with the board of directors for their personal interests. The auditors are here to save the public interest and they should do that as per the guidelines. These are the recommendation in respect to the Enron collapse. Case Study 1 Company Background ABC Learning was an Australian company which was the worlds largest provider of the early education for children. The company was founded in the year of 1988 and the headquarter of the company was at Brisbane, Australia. The company was involved in some massive scandals and as a result, ABC Learning was voluntary liquidated in the year of 2009. After that, the company was acquired by Goodstart Early Learning. Right now, it has more than 600 early learning centers all over Australia. It was a public company and was listed in the Australian Stock Exchange (Sumsion 2012). Analysis and Reason for Failure There were various issues behind the collapse of ABC Learning. The company was not able to repay its debts and as a result, it sold its entire United Kingdom subsidiary and sold 60% of its United States subsidiaries. The Stock price of the company fell to $0.54 from $8.62 (Ross, Sy and Tinker 2012). The company faced massive controversy over the accounting practices adopted by the company. The controversy was about the asset valuation method. There are two types of assets valuation methods; they are historical cost and fair value. The value cannot exceeds the value of recoverable assets. However, the value of assets exceeded the value of recoverable assets (Christakis and Christakis 2012). There are other reason behind the collapse like the over complexity, poor decision making process by the management of the company and others. The corporate governance process of the company was not effective. On the other hand, the confidential data and information were disclosed for personal purp oses. The board of directors and the top level managers of the company misused the power given to them. Aggressive growth strategy was another reason contributed to the collapse of the company (Galloway 2016). Conclusion and Recommendation As per the above study, some of the recommendations are provided. First of all, it is recommended that the recognition process of the revenues must be proper and effective. It is recommended that the companies need to focus on the core activities of the organization in order to gain the desired growth of the organization. The financial position of the company is the health of the company and this is why the financials of the company need to be recorded in a proper way. It is recommended that the companies need to implement effective corporate governance strategies in order to establish coordination in the organization. References Abdel-Khalik, A.R., 2016. How Enron Used Accounting for Prepaid Commodity Swaps to Delay Bankruptcy for One Decade: The Untold Story.Available at SSRN 2747119. Christakis, E. and Christakis, N.A., 2012. Harvard Cheating Scandal: Is Academic Dishonesty on the Rise?.Time ideas,4. Galloway, C., 2016. Crisis Communication Research in Australia.The Handbook of International Crisis Communication Research,43, p.337. Jones, M.J. and Stanton, P., 2013. Enron Cartoons: Accounting in the Spotlight. In K. Kokubu, N.N. Sawabe and M. Sakaue eds.,,Seventh Asia Pacific Interdisciplinary Research in Accounting Conference(p. 136). Kobe: The APIRA Conference Committee. Markham, J.W., 2015.A Financial History of the United States: From Enron-Era Scandals to the Subprime Crisis (2004-2006); From the Subprime Crisis to the Great Recession (2006-2009). Routledge. McLean, B. and Elkind, P., 2013.The smartest guys in the room: The amazing rise and scandalous fall of Enron. Penguin. Ross, P., Sy, A. and Tinker, T., 2012. ABC Learning: accounting lessons never learned?.International Journal of Critical Accounting,4(1), pp.21-29. Sumsion, J., 2012. ABC Learning and Australian early education and care: a retrospective ethical audit of a radical experiment.Childcare markets local and global: can they deliver an equitable service, pp.209-225.