Marketing Plan: Phase one Paper
Marketing Plan: Phase one Paper
Marketing Plan: Phase One Paper
McDonalds is one of the world’s best-known fast-food restaurants. The management team chose a descriptive Mission and Vision statement and centered their values on the four marketing P’s. In the initial phase of the marketing plan, the team has chosen a new product offering called the McVeggie. This phase of the plan will detail the company, the new product, the importance of advertising to the corporation, the SWOTT (strengths, weaknesses, opportunities, threats and trends) and will detail the initial marketing strategy around the framework of the four Ps.
Mission and Vision
Weinstein (2001) describes McDonald’s mission and vision as, “McDonalds vision is to be the worlds best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness and value, so that we make every customer in every restaurant smile.” (para 2).
To achieve this mission, McDonald’s focuses on three worldwide strategies: first to be the best employer for their employees in each community around the world, second to deliver operational excellence to each customers in each of the company’s restaurants, and lastly to achieve enduring profitable growth by expanding the brand and leveraging the strengths of all McDonalds system through innovation and technology.” (Weinstein, 2001, p. 1)
Location
Mc Donald’s management understands the value of location, location, and location. The restaurants are near schools, colleges, inside malls and shopping centers, in and around airports and inside major supermarkets such as Wal-Mart’s. The marketing team at McDonalds assures that services are available at the right place and right quantity.
According to Amato (2006), “many locations is an understatement. The foodservice retailer has more than 30,000 restaurants, and serves more than 46 million customers in more than 100 countries daily. The company’s 2005 total revenues were $ 20.4 billion.” (p. 2).
Product Mix
McDonalds places their emphasis on nutritional values. According to McDonald’s corporate report (2006), we began in the 1950s as a burger destination, at a time when customer
expectations and needs about nutrition and balanced lifestyles were different than
they
are today. Consumer expectations are changing. We are evolving along with our
customers by providing a wider array of options that will enable us to best
serve their needs for the next 50 years as well as we have for the past 50. (p. 17).
needs for the next 50 years as well as we have for the past 50. (p. 17).
Effective marketing has enabled McDonalds to create a worldwide demand for fast food.
Product Description
McDonalds is teaming up with Boca® to bring a fresh alternative to the taste buds of their customers. Boca’s Grilled Vegetable Burgers will be served at McDonalds. This special grilled veggie burger will draw the health conscious as well as the vegetarians to McDonald’s restaurants. Boca®