Angelinka-BUS4011-Marketing Dynamics Assignment-Poster 3,000 Words
Angelinka-BUS4011-Marketing Dynamics Assignment-Poster 3,000 Words
Angelinka-BUS4011-Marketing Dynamics Assignment-Poster 3,000 Words
globe.
The internal and external marketing environment of McDonalds McDonald’s Marketing Mix Using 4Cs
SWOT analysis In the second strategy, known as the "4Cs" of
Strength: According to the SWOT analysis, the company's main strengths lie in competitive positioning are used(Wirtz, 2017).
its dedication to research and development for existing goods and its methodical Customer, coworker, competition, and company-
approach to expanding into new areas(Mackay et al., 2023). The success and related concerns make up the 4Cs. The plan has paid
current leadership position of the organisation are highly dependent on these two off, and the company is now widely acknowledged
factors. The company is always ahead of the curve when it comes to technical as a formidable rival in the global fast food and
innovations, the food is always of good quality, and the money from operations restaurant market. The needs and wants of the
company's customers have been satisfactorily met
is reliable. Due to its strong brand name and superb public image, the company
by the product offerings made possible by the 4Cs
enjoys a good reputation.
method. As a result of catering to their unique needs,
Weakness: However, there have been several setbacks for the business, the most they were able to keep their current clientele and
of which have been associated with internal strategy issues and intense industry even grow their business. By almost never letting its
rivalry(Serebryakova, 2020). The company's numerous problems included a consumers down, the company has maintained its
reputation for poor cuisine, problems with the supply chain, a franchising leading position in the business.
business model, and customer attrition caused by intense competition. Because
of the intense competition in the industry, the company's client base shrank in Market Segmentation In keeping with the organization's overarching business plan, the items
the end. Marketers use segmentation to break down their themselves have served as the basis for the company's perceptual map of
Opportunities: The business is confronted with problems that jeopardise its target audience into more manageable subsets positioning. Finding and attracting new customers has always been the
capacity to prosper in the highly competitive market(Maari, 2018). However, defined by shared traits. As a final step in market company's top priority, therefore they've used a targeted approach. As an
segmentation, developing bespoke goods for each example, they narrowed their attention to a narrower set of customers after
there are also prospects that might facilitate the firm's growth in terms of discovering that many individuals were interested in consuming healthier
target audience is essential(Lin, 2023).
acquiring new clients. One potential scenario is that there may be an increase in meals. But they've grown their share of the market by targeting the increasing
McDonald's has divided the globe into several
the demand for nutritious items, which the company has the ability to types according to characteristics like population need for healthy food options—the demographic that makes up the bulk of
manufacture. Potential solutions include devising novel products, rectifying the density so that they can better serve its customers. their clientele. To increase its market share relative to rivals, the firm is aiming
company's reputation, conducting promotions, and distributing complimentary It is possible to divide a population into several to position its goods in a way that appeals to a wider audience. Through
stuff. demographic subsets based on factors such as age, careful product positioning, the firm has been able to capitalise on growing
Threat: Without a doubt, given the current economic climate, the company gender, income, profession, and life stage. Activity market opportunities. Even though they've entered a very competitive market,
classification into four groups—loyalty, intended the new products have held their own. As a consequence of investing in
faces external hazards that cause it to question its ability to survive and grow.
value, character, and status—makes up the third product positioning, this firm is now able to provide higher-quality products
Among McDonald's many problems are the fast food industry's recent shifts, and services than its competitors(Ajmal, 2022). The company has also
criterion for user classification. Finally, the
intense competition, cultural differences that pose operational hazards, and company takes into account the socioeconomic upgraded its customer service and introduced healthier options to its goods.
dangerous technological investments(EBEA, 2023). status and lifestyle of consumers while using a The ability of McDonald's to adapt to the changing tastes of its customers is a
psychographic segmentation approach. key factor in the company's success.
McDonald’s Marketing Mix Pricing Strategy: McDonald's uses a bundle pricing Promotions: Advertisements for the brand may be found in a variety of
Product Development: Products, has a strategy whereby customers may save money by buying formats, including online, on television, on the radio, and in print. Meanwhile,
disproportionately large impact on McDonald's meal sets and other product groupings instead of buying the company's restaurants engage in sales promotions to entice even more
reputation and brand. The hamburgers are their individual items. The Happy Meal and the Extra Value customers to try their food. In an effort to broaden its consumer base and
most famous product (Lindgren, 2017). The Meal are the most cost-effective options for customers increase sales, McDonald's constantly runs sales and promotions that include
company's product offerings, however, are swiftly looking to get the most out of their money(Hennecke, free or discounted food. In addition, the company's PR initiatives help reach
diversifying into new markets. In addition to main 2019). Instead of using exact cents, psychological its target audience in the convenience food industry by raising awareness of
dishes like chicken and fish, customers may also pricing uses numbers that make it seem like the costs are the brand and fostering a positive impression of the whole firm(Sarıkaya,
ask for breakfast items and desserts. There is a more reasonable. A dinner, for instance, may cost $0.99. 2016). Examples include Ronald McDonald House Charities and McDonald's
strong correlation between McDonald's typical When customers see that the company's food items are Global Best of Green, both of which help local communities and increase
and aggressive growth strategies and the cheaper than those of competitors, they are more likely brand awareness. A corporation may use direct marketing to promote its wares
marketing mix product lines. The fast food joint to buy them. The importance of package pricing and to other businesses, local governments, and community events. In this part of
may gain more customers and money if it offered psychological pricing methods in encouraging its advertising and marketing mix, marketing is very important to McDonald's
more than just quick bites. A less dependent on a consumers to buy more goods is highlighted in this Corporation, as it is the main vehicle through which the company promotes its
small number of food service industry sectors is component of McDonald's marketing mix. products.
the result of a diverse product mix. There is no
part of McDonald's marketing mix that doesn't The skills required to operate within a marketing department
showcase the company's dedication to developing Advertising is a great way to increase a company's customer base. People that
innovative products that appeal to consumers and McDonald's ads aren't currently reaching could be interested. Among the many
advertising strategies available are pay-per-click advertisements and the production of
optimise profits. commercial videos. It is possible to boost money via the use of various advertising
tactics. They should be sure to showcase positive customer reviews in all of their
marketing materials. In what is known as the "bandwagon effect," businesses try to
Location and distribution channel: Operating persuade consumers that they should buy and use their product because of how popular
its restaurants is how McDonald's makes most it is. MCDONALD'S may use search engine optimisation (SEO) to boost all of their
of its money. A few of these restaurants also content and draw in more customers who value products made in an ethical
manner(Heinze, 2020). Search engines like Google provide higher results to websites
have temporary stands called kiosks where a
that have optimised content. It means that customers will find MCDONALD'S website
limited selection of sweets, including ice cream higher in search results compared to rivals when they look for products or services
sundaes, are sold to consumers. Examples of similar theirs.
occasions where kiosks are temporarily put up
include professional sports games and other
seasonal gatherings(Ingene & Brown, 2019). Conclusion Ajmal, Dr.G. (2022) ‘Product positioning’, PHARMA MARKETING MANAGEMENT [Preprint].
Marketing campaigns performed by Teamwork is key in marketing. To create an doi:10.52458/9789391842666.nsp2022.eb.asu.ch7. Dong, H. and Huang, A. (2020) ‘Evaluation of service quality
of self-media online stores based on online comments-taking Toutiao online stores as an example’, Proceedings
McDonald's often include the use of mobile effective marketing strategy, the marketing of the Fifth International Conference on Economic and Business Management (FEBM 2020) [Preprint].
applications. Online stores like this let group, sales, and IT should all collaborate. Team
doi:10.2991/aebmr.k.201211.093. EBEA (2023) ‘External Business Environment Analysis (EBEA)’, Principles
of External Business Environment Analyzability in an Organizational Context, pp. 110–190. doi:10.4018/978-1-
customers peruse product descriptions and members shouldn't be shy about delegating tasks 6684-5543-2.ch005. Frost, R.D., Fox, A.K. and Daugherty, T.M. (2022) ‘Segmentation, targeting, differentiation,
and positioning strategies’, eMarketing, pp. 172–197. doi:10.4324/9781003247319-11. Heinze, A. (2020)
make purchases related to the company's food
products(Dong & Huang, 2020). With the
to one another. Keeping everyone informed about ‘Search Engine Optimisation’, Digital and Social Media Marketing, pp. 175–203. doi:10.4324/9780429280689-
11. Hennecke, I. (2019) ‘Implementing a structured pricing strategy approach’, Pricing Strategy Implementation,
company's iOS and Android apps, customers the current strategic objectives for expanding pp. 92–99. doi:10.4324/9780429446849-10. Ingene, C.A. and Brown, J.R. (2019) ‘Conceptualizing a
comprehensive theory of distribution channels’, Handbook of Research on Distribution Channels [Preprint].
can accomplish a lot from the convenience of reach requires constant two-way communication. doi:10.4337/9780857938602.00035. Ko, S. and Gagnon, M. (2021) ‘Mapping your competitive position’,
Market and Competitor Analysis [Preprint]. doi:10.4135/9781071853092. Lin, S. (2023) ‘Market analysis and
their own mobile devices, such as pay for items, Team members are able to communicate and competitive strategy research of duopoly market take McDonalds and KFC as examples’, Advances in
Economics, Management and Political Sciences, 58(1), pp. 140–146. doi:10.54254/2754-1169/58/20230881.
locate local eateries that are accepting orders, work together more effectively after using an Lindgren, P. (2017) ‘Network based High Speed Product Development’, Network Based High Speed Product
and redeem coupons. Additional ordering internal messaging tool. Being good with words Development, pp. 1–554. doi:10.13052/rp-9788793519053. Maari, K.Zh. (2018) ‘Model to gain competitive
advantage companies in the restaurant industry on the Russian market’, Business Strategies, (8), pp. 17–19.
options for Postmates include a website and an
isn't enough to make it as a marketer. Data is the doi:10.17747/2311-7184-2018-8-17-19. Mackay, D., Arevuo, M. and Meadows, M. (2023) ‘Internal
app for smartphones. This component of the environment’, Strategy [Preprint]. doi:10.1093/hebz/9780192845399.003.0008. Sarıkaya, R. (2016) ‘Global
marketing mix achieves McDonald's objective foundation of every advertising campaign. brand advertisements and the representation of localization in the example of Turkey’, New Trends and Issues
Proceedings on Humanities and Social Sciences, 2(1), pp. 282–288. doi:10.18844/gjhss.v2i1.309. Serebryakova,
by increasing the company's exposure to a Marketing professionals may learn from data T.Yu. (2020) ‘Management analysis as part of the Internal Control Environment’, International Accounting,
23(6), pp. 627–642. doi:10.24891/ia.23.6.627. Wirtz, J. (2017) Positioning services in competitive markets
wider audience throughout the world. analysis what kinds of content and strategies [Preprint]. doi:10.1142/y0004.
work.