It is recommended that the company increase its market penetration in high-growth markets. This recommendation also deals with the opportunity to grow based on rising disposable incomes in various markets around the world.
Inability to do so can reduce the company profits. Economic Recovery Low meal prices are less of a concern for some consumers as a slow economy begins to rebound. Nonetheless, this same external factor creates an opportunity for the company to improve its products.
Furthermore, the business can improve its mobile services to reach more consumers via its mobile apps. Also, the company can apply more automation to maximize productivity, based on the external factor of increasing business automation. The company needs to address the following technological external factors: This company analysis examines the influence of ecological Political environment affecting mcdonalds on businesses and consumers.
Also, the company can further diversify its supply chain to address the threat of changes in climate conditions in some regions. Mergers Fast food chains sometimes merge during a recession to grab a bigger share of the market and increase profits.
Governmental intervention can determine the rate and path of business development. In relation, governments have evolving public health policies, which present a threat and an opportunity for the restaurant chain business.
On the other hand, changes in climate conditions in some regions threaten the company. The research also indicates that aboutfast food businesses operate in the United States. Based on the technological trend of increasing sales through mobile devices, the company can expect revenue growth through mobile channels.
This tendency is also linked to busy lifestyles in urban environments. Smaller chains may not have the budgets to do the same to protect their profits.
The company has the opportunity to increase the healthfulness of its menu items.
Mergers also can help fast food restaurants increase their customer base and revenue by expanding their hours of operation. Changes in legal systems and new laws shape the remote or macro-environment of businesses by imposing new requirements. Economic changes directly and indirectly influence business performance.
In such cases, big restaurant chains may respond by cutting their prices further and increasing advertising to lure consumers back to their restaurants. However, the magazine notes that a long-term recession makes even fast food restaurants vulnerable to profit losses if consumers eat at home more often to save money.
Social trends influence consumer behaviors and, in turn, affect the remote or macro-environment of the business in terms of revenues. This recommendation also addresses the threat linked to the healthy lifestyle trend, and the threat associated with health regulations in workplaces and schools.
The aim of these endeavors is to address the opportunities associated with the rising interest for corporate environmental programs, and the increasing emphasis on sustainable business practices.
Economic Downturns Fast food restaurants tend to fare better during an economic downturn than pricier restaurants do. Nonetheless, the company has the opportunity to grow through expansion in high-growth developing markets, such as in Asia.
However, the same external factor creates an opportunity to improve the business by implementing a comprehensive animal welfare policy, which can attract more customers who are interested in animal welfare. Still, the business can improve through adjustments to provide more healthful options to consumers.
However, cutting prices to attract customers can backfire when cutbacks exceed food and production costs. Such adaptation is essential to the long-term survival and growth of the business, especially amid aggressive competition.At McDonald's we want the best for the environment. That means challenging ourselves to find ways to use our scale and our people, to influence and drive change Good to Know.
Good to Know.
About Our Food. About Our Food. In Our Restaurants. In Our Restaurants. Fun with the Family. Fun with the Family. Football. Football. The way that a UK McDonalds functions is very different to the way Haveli in India does, due to the political, social and legal factors that cause them do so.
Political Factors The. Environmental factors affecting McDonald’s management functions. Print Reference this. Political Factors, Economy, Environmental Factors, Culture and Religion, Globalisation, Legal Issues and Shareholders and analysed them in The business environment of an organisation has several internal and external environmental factors that can.
A Number Of Uncontrollable Elements Affect Mcdonalds Business Essay; Print Download Reference This Reddit This.
Tweet. A Number Of Uncontrollable Elements Affect Mcdonalds Business Essay Introduction. The macro-environment consists of forces such Political, Economic, Social, Cultural, Technological, Legal and Environmental.
Business Environmental Analysis Of McDonalds. Print Reference this. Disclaimer: Political instability of local state is also affects McDonald’s business. Economical factors. Local economical condition is also responsible for affecting McDonald’s operation.
If the local economy is critical, people are usually discouraged to spend. BUSINESS ENVIRONMENT IN CHINA: ECONOMIC, POLITICAL, AND CULTURAL FACTORS. Georgine K.
Fogel, Lawrence Technological University. ABSTRACT. China is an emerging economy that offers lot of market opportunities for foreign investment.Download