as the biggest fast food restaurant chain in the world, mcdonald’s uses its intensive growth strategies to support continued business development and expansion. as such, mcdonald’s generic strategy and intensive growth strategies change over time to ensure long-term business viability. the intensive strategies determine mcdonald’s approach to growing its business in the global fast food restaurant industry. this secondary generic strategy involves developing the business and its products to make them distinct from competitors. vertical integration is a strategic objective linked to mcdonald’s cost-leadership generic strategy. in addition, product innovation is related to mcdonald’s broad differentiation generic strategy.
mcdonald’s uses market penetration as its primary intensive strategy for growth. mcdonald’s generic strategy supports this intensive growth strategy because low costs and low prices empower the firm to easily penetrate markets. a strategic objective for this intensive growth strategy is to establish new locations in new markets, such as new mcdonald’s restaurants in african or middle eastern countries where the company currently has no operations. based on its generic strategy of cost leadership, mcdonald’s supports this intensive growth strategy by using low prices to compete in new markets. the strategic objective for this intensive growth strategy is to capture more consumers by attracting them to new products. this intensive growth strategy agrees with mcdonald’s broad differentiation generic strategy in terms of new products that make the company distinct. the recommended strategic goal is to fuel business growth through a combination of the market penetration and market development intensive strategies.
part of the success enjoyed by mcdonald’s stems from their product development strategy. by familiarizing yourself with the way mcdonald’s develops products, you can apply the same methods to your own products whether they are food products or other consumer goods. examples of this include their basic hamburger and cheeseburger, the big mac and the quarter pounder. this strategy ensures that there is always something familiar for consumers on the menu. the big ocean burger is an example of a burger that was developed as a temporary product, offered only for a few months in 2007. the purpose of this product development strategy is to give customers something new to experience on each visit and to experiment with new items that may become permanent.
as mcdonald’s has expanded internationally, it has created several products to meet consumer demand in the local markets. even in parts of new england and atlantic canada, they have developed the mclobster, their version of the local lobster roll sandwich. in addition to developing new products for local markets, mcdonald’s will also use an adaptation strategy whereby they take a product and modify it to fit local tastes. in greece, the big mac has been adapted to use a pita bread instead of a bun. even the mclobster has been adapted to the mccrab in some u.s. markets where crab is a common food.
for example, through mccafé products, mcdonald’s applies the broad differentiation generic strategy. mcdonald’s uses market penetration as its primary intensive strategy for growth. market penetration– in the fast food market, mcdonald’s could increase frequency of purchase through an advertising market penetration. 12. product development. 13 figure 3: ansoff market strategy of mcdonald. 14. figure 4: future, mcdonald s marketing strategy, mcdonald s marketing strategy, mcdonald’s business strategy pdf, mcdonald’s competitive strategy, market penetration strategy. one such example is the happy meal for kids. mcdonald\’s has also established drive-throughs for its customers to create ease in the purchase. the company also offers home delivery to attract more consumers and serve current consumers better. it also offers discounts on group purchasing. mcdonald corporation often uses ansoff matrix\’s growth strategies, to focus on the firm\’s present and potential products and markets & customers by considering ways to grow via existing products and new products, and in existing markets and new markets.
examples of this include their basic hamburger and cheeseburger, the big mac and the quarter pounder. in addition to developing new products for local markets, mcdonald’s will also use an mcdonalds and market penetration. mcdonald’s has a new strategy to penetrate the market this summer. mcdonalds is a popularly known market leader in the fast food industry or better known as the ‘burger’ industry., mcdonald’s diversification strategy, mcdonald’s strategic plan, mcdonald’s differentiation strategy, mcdonald’s market, ansoff matrix, mcdonald’s strategy, mcdonald’s business level strategy, mcdonald’s ansoff matrix
When you search for the market penetration examples mcdonalds, you may look for related areas such as mcdonald’s marketing strategy, mcdonald’s business strategy pdf, mcdonald’s competitive strategy, market penetration strategy, mcdonald’s diversification strategy, mcdonald’s strategic plan, mcdonald’s differentiation strategy, mcdonald’s market, ansoff matrix, mcdonald’s strategy, mcdonald’s business level strategy, mcdonald’s ansoff matrix. what is the marketing strategy of mcdonald’s? what is mcdonald’s market share? what is market penetration? what international strategy does mcdonald’s use?