Pakistan Business
Essay title: Pakistan Business
McDonalds first opened a store in Pakistan in September 1998. Since then they have opened seventeen new stores through Pakistan. Today millions of Pakistanis place their trust in McDonalds everyday to provide them with food of a very high standard as well as good service. In the past five years, the response to McDonalds coming to Pakistan has been overwhelming. Today Lakson Group Companies has taken over McDonalds Corporation, USA and a local partner making it a 100% owned and operated Pakistani company.
McDonalds located in Pakistan are currently employing about 1,000 Pakistanis and each store is managed by Pakistani managers. They have also contributed in other ways than food service. McDonalds has investment of over Rs 300 crore in the country and payment of taxes and duties amounting to more than Rs 100 crore. Since McDonalds is doing so well in Pakistan they will continue to grow and add more stores in more cities in the future.
In the twenty-first century; international business continues to experience profound changes that will reshape the challenges and opportunities that managers face. The broad, long-term trend