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In: Accounting

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 .

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