What are the business strategies for the internal and external factors on mcdonald corporatio. Internal Factors...

What are the business strategies for the internal and external factors on mcdonald corporatio.

Internal Factors

Finance/Accounting, Production & Operations, Research & Development, Computer Information System

External Factors

Political, Economic, Sociosultural, Technology.Environmental,Legal

Solutions

Expert Solution

Business strategies for the internal and external factors on mcdonald corporatio
Business strategies for the internal factors	Factor	Business strategies
	Finance/Accounting	Implement Centralised accounting centre
		Appoint experienced Manager and ensure compliance with tax laws and make sure the company has sufficient cash flow and appropriate finance in place in order to meet business needs.
		analyse past financial performance in order to project and improve future results and aid commercial decision-making
		Implement automation of Payroll
	Production & Operations	Design of Goods and Services based on the most popular consumer expectations
		Quality Management so, Consistency satisfies consumers’ expectations
		Process and Capacity Design so, the production line method maximizes efficiency and capacity utilization.
		Location Strategy, Traditional or online
	Research & Development	McDonalds works alongside their suppliers and customers so that they can be aware of what are necessary developments in order to set new quality standards.
	Computer Information System	All McDonalds food products are cooked with machines. Computers are highly emphasised within McDonalds. This is because they rely on a system called ABCOM which looks after the stock take and cash flow; it basically monitors all of the money flow throughout the individual store. It also calculates the sales based on the average purposes.
Business strategies for the external factors
	Political	Increasing international trade agreements, Governmental guidelines for diet and health, Evolving public health policies
		McDonald’s Corporation has the opportunity to expand its multinational business based on improved international trade, which can enhance global supply chains as well threat also because health
	Economic	Analyse Major contribution location to total Revenue of Company
		Identify best product based upon location
	Sociosultural	Analyse consumer buying pettern
		Adopt law of location
		Create healthfulness of menu items
	Technology	Invest in Reaserch and Development
		implement new technology
		Support business Automation like using mobile and all other devices
	Environmental	it can improve its environmental programs and sustainability to strengthen its brand and business performance.
		further diversify its supply chain to address the effects of changes in climate conditions
	Legal	To abide Health regulation
		To pay as per industry norm.
		forcast Tax liability .

ekkarill92 answered 1 year ago

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