Textbook is : Strategic Management Concepts, (13th…
Textbook is : Strategic Management Concepts, (13th ed.) Fred R. David-ISNB 13: 978-0-13-612099-5 Prepare a SWOT analysis for McDonald’s Corporation (Assurance of Learning Exercise 1A, Step 4, page 37). Write a Vision Statement and a Mission Statement for McDonald’s Corporation (Assurance of Learning Exercise 2B, Steps 1-3, pages 56-57). When writing your Mission Statement, be sure to include the nine components of a good Mission Statement, listed in the text on pages 51-52. Independently develop an EFE Matrix for McDonald’s Corporation (Assurance of Learning Exercise 3A, step 1, page 86) using the information presented in the Cohesion Case in Chapter 1. You will need further information to develop this matrix. Utilize the resources discussed on page 37, Assurance of Learning Exercise 1A. Independently identify and prioritize factors to construct an IFE Matrix for McDonald’s Corporation using the information provided in the Cohesion Case on pages 27-36. (Assurance of Learning Exercise 4B, Steps 1 - 3, page 128). You will need further information to develop this matrix. Independently develop a SWOT matrix for McDonald’s Corporation using the information found in the Cohesion Case on pages 27 – 28 and materials developed in the text readings (Assurance of Learning Exercise 6A, Steps 1 - 4, page 205). Individually develop a SPACE Matrix for McDonald’s Corporation using the information found in the Cohesion Case on pages 27-36, and materials developed in the text readings. (Assurance of Learning Exercise 6B, Steps 1 - 3, page 205). Your matrix should be formatted like the example in Table 6-3 on page 184. Complete an IFE, EFE, SPACE and SWOT matrices for McDonald’s Corporation as part of a strategic assessment report. The IFE, EFE, SPACE and SWOT matrices completed in earlier seminars will be revised based on discussion board feedback and integrated into the strategic assessment report. The information in these matrices will be used to develop an assessment of the company’s strategic position in the market place. The report will also include an introduction and summary of how this information can be utilized in the strategic planning process. The report should be 5 – 6 pages in length (not including the matrices, and should be placed in an appendix of the paper) and use APA format This is the SWOT that was submitted, have not made any revisions. Can work, enhance and develop additional info/Matrix from below info. McDonalds is a fast food restaurant known around the world and has franchises in approximately 110 countries. McDonalds SWOT Strengths 1. Global company operating more than 23,500 restaurants in 110 countries 2. Best Brand recognition in the world-Golden Arches 3. Provides nutritional information to customers 1. 2. 3. Weakness Not able to compete with fast food pizza chains, as the test market for McDonalds pizza failed Employee turnover is high, thus increased training costs Minimal concentration on providing organic food Opportunities 1. More responsive to social changes to healthier options 2. Creating more play stations for children 3. Venture into more enticing beverage choices Threats 1. Food supply contamination-e coli 2. Down turn of economy affecting the ability to eat out 3. Increase competition from other fast food restaurants McDonalds Vision Statement: McDonalds provides customers with affordability, making it Americas number one fast food restaurant. McDonalds Mission Statement: Providing a choice to all customers to enjoy quality food and service at a reasonable price in a clean, safe and friendly environment. McDonalds is committed to providing customers an enjoyable dining experience. David, F. (2011). Strategic management concepts. (13th ed). Upper Saddle River, NJ: Pearson, Prentice Hall. McDonalds Corporation. 2011 Annual Report. Retrieved from http://www.aboutmcdonalds.com/mcd/investors/annual_reports.html McDonalds Corporation. (15 February, 2013). Yahoo Finance. Retrieved from http://finance.yahoo.com/q? s=mcd&ql=1 McDonalds Corporation. ( 18 February, 2013). Retrieved from http://www.quality-assurance-solutions.com/mcdonalds-swot.html#ixzz2LAXyzLsY