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MIR AAY
FoR STP 2o18-2
BATCH
A STUDY ON THE MARKETING STRATEGIES ADOPTED BY Me DONALD'S
BPIBS B1 PARMAIAJD
SUBMITTED BY SUBMITTED TO
NAME-PAWAN SARATHI THIYAGARAJAN
ROLL NO-01411403918 PROJECT GUIDE
MBA IVth SEMESTER DEPARTMENT OF MBA
enl
GOVERNMENT OF NCT OF DELHI
BHAI PARMANAND INSTITUTE OF BUSINESS STUDIES
Opposite Madhuban Colony,Near Vikas Marg Shakarpur,Delhi-I10092
TABLE OF CONTENTS
EXECUTIVESUMMARY
.To find out the Customer Satisfaction in Fast Food Service Industry of other
players vis-a-vis McDonalds.
T o find out the ways and means by which McDonald's can improve upon its
customer satisfaction in Fast Food Service Industry and bring more
satisfaction to customers and thus adds value to its bottom line.
ABOUT THE COMPANY
McDonald's restaurants are found in 120 countries and territories around the world
and serve 68 million customers each
day. McDonald's operates 37,855 restaurants
worldwide, employing more than 210,000 people as of the end of 2018. There are
currently a total of 2,770 company-owned locations and 35,085 franchised
locations, which includes 21,685 locations franchised to conventional franchisees,
7,225 locations licensed to developmental licensees, and 6,175 locations licensed
to foreign affiliates.
Focusing on its core brand, McDonald's began divesting itself of other chains it
had acquired during the 1990s. The
company owned a majority stake in Chipotle
Mexican Grill until October 2006, when McDonald's
fully divested from Chipotle
through a stock exchange. Until December 2003, it also owned Donatos Pizza, a
it owned a small share of
Aroma Café from 1999 to 2001. On August 27, 2007,
McDonald's sold Boston Market to Sun Capital Partners.
Notably, McDonald's has increased shareholder dividends for 25 consecutive
years, making it one of the S&P 500 Dividend Aristocrats. The company is ranked
131st on the Fortune 500 of the largest United States
corporations by revenue. In
October 2012, its monthly sales fell for the first time in nine
years. In 2014, its
quarterly sales fell for the first time in seventeen years, when its sales dropped for
the entirety of 1997.
In the UnitedStates, it is reported that drive-throughs account for 70 percent of
sales. McDonald's closed down 184 restaurants in the United States in
2015, which
was 59 more than what
they planned to open. This move was also the first time
McDonald's had a net decrease in the number of locations in the United States
since 1970.
The McDonalds on-demand delivery concept, which began in 2017 with a
partnership with Uber Eats and added DoorDash in 2019, now accounts for up to
3% ofall business as of 2019.
LITERATURE REVIEW
The fast food industry is highly competitive and dominated by large companies.
Smaller businesses must be savvy in developing marketing strategies that drive
consumer traffic. This entails staying in constant touch with customers. One of the
best ways for smaller fast food companies to stay in touch with their companies is
through marketing research.
Collectibles for Children
Fast food companies can drive traffic through collectibles, particularly those that
kids enjoy. Select a movie or popular animated film. Find companies who sell
dolls, glasses or other mementos that are related to the movie. Offer four or six
characters or glasses. Provide one free item for the purchase of a kid's meal.
There are also long-followed, tried-and-true strategies that restaurants have drawn
on to become successful. If a fast-food restaurant has the capacity to cater events,
then it needs to feature this ability in its promotional materials. Catering can
become a major source of revenue to supplement normal day-to-day sales, so fast-
food restaurants need to highlight their catering services.
The imagery that are used in marketing materials also needs to be of high-quality.
It pays to invest in a high-quality photographer to develop content for both
traditional and digital marketing materials. Fast-food restaurants that can deliver
highly polished imagery are more attractive to consumers than low-quality content
that seems like it was rushed.
If your images help attract people to a social media landing page or a website, you
can start building an email list through which you can market directly to an already
interested customer base.
The email marketing list is important to a larger part of a restaurant's marketing
strategy: the creation of a loyal consumer base. The email marketing list can help a
restaurant get in contact with its customers more frequently, feature events they're
hosting and advertise new sales that are happening.
These email efforts should be supplemented with other strategies that increase
loyalty, such as a customer-loyalty program that rewards people for coming back
frequently. Restaurants should also be responsive to the needs of their customers
and highlight their ability to quickly react to their needs and concerms.
RESEARCH METHODOLOGY
The research process is carried out according to a designated series of steps ,which
are required to be taken in a chronological order.
The research design used for this project is exploratory in nature. The major
emphasis is on the discovery of ideas. The exploratory study is also used to
increase the analyst familiarity with the problem under investigation.
Sample Design
Target Population
Those who have Visited in the Fast food restaurant i.e. Customers.
Sampling Unit
Data collection
Primary data
Secondary Data
-100% response rate was not found from the respondents. Some extent of biasness
was found because ofbrand loyalty while answering the questions
The Geographic extent of this study was limited to the delhi market only.
The time duration of the project acted as another impediment and so the size of
the respondent was limited to 150 respondents only.
BIBLIOGRAPHY
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