MBA20A38, MARKETING 1 INTRODUCTION McDonald's Corporation is an American multinational fast food corporation, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States McDonald’s offers its customers a wide variety of its menu items, along with drinks and other merchandise. It is known for its employee satisfaction, innovation, and commitment to quality.
The mission of the company is, “To create
delicious feel-good moments for everyone”. PRODUCTS • McDonald's predominantly sells hamburgers, various types of chicken, chicken sandwiches, French fries, soft drinks, breakfast items, and desserts.
• In most markets, McDonald's offers salads and
vegetarian items, wraps and other localized fare. • On a seasonal basis, McDonald's offers the McRib sandwich. CRM Strategy at McDonald’s General Strategy Firstly, McDonald’s general strategy included affordable meals to attract more customers and developed a price-slashing and low volumes policy. the McDonald’s CRM objectives were: • Providing real-time access to customer information for the franchisees and company managers. • Integrating data from the dynamic restaurant network into effective CRM tools. • Improving the accuracy of the reports and delivering information for smarter decision-making. Enhancing customer experience • McDonald's number-one priority continues to be satisfying its customers' needs by serving great tasting, high-quality food in contemporary restaurants. • This focus on its customers is particularly critical in this uncertain environment, where ongoing volatility continues to negatively impact consumer sentiment and spending. Improved Customer Relationship The software used by McDonald’s provides improved data, real-time reporting, and immediate problem-solving solutions. It provides a consumer database that allows to monitor and keep track of the customer relationship throughout the brand.
Interaction with the Customer
This includes the customer interactions and preferences, providing better insights into consumer feedbacks to enhance customer satisfaction. Along with this, McDonald’s can evaluate all their restaurants, which means identifying the customer relationship issues and fixing them quickly. Accessibility • Accessibility-related efforts will include increasing the level and variety of conveniences provided to its customers through new restaurant openings, extended operating hours, stronger value platforms, and faster, more accurate service through innovative order taking. • With operational and financial discipline, the company will execute these priorities to increase McDonald's brand relevance. • Advantage of a CRM is that companies can target different audiences, proactively work with them and maintain relationships. • Moreover, you can also run reports to see where your opportunities are, how you interact with prospects and customers, trends in sales and customer service work, and more. Reporting is one of the most valuable advantages of the CRM platform, especially when it is enhanced by Artificial Intelligence.