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ContentsExecutive Summary:................................................................................................................................1

Critical success factors of food industry (McDonalds).................................................................................2

Introduction:............................................................................................................................................2

Competitive strategy & position:.........................................................................................................2

Environmental factors.........................................................................................................................3

Temporal factors.................................................................................................................................4

Managerial position factor..................................................................................................................4

The industry.........................................................................................................................................5

Conclusion...............................................................................................................................................6

References...............................................................................................................................................7

Executive Summary:

Critical success factors of the McDonald can become very successive if the directors implement

it properly. It is really helpful to the company. It increases the performance level of the

McDonalds even they give better service to the country as well as overall world. If they adopt

the critical success factors or they know their critical success factors it will help to the

McDonalds in their future. It gives benefits to directors & the executives also. Company must

know their critical success factors. So with this report they can implement the critical factors in

their company McDonalds so it if very much beneficial in the top level that they must know

about it.

Critical success factors of food industry (McDonalds)

Introduction:

Critical success factors are necessary for all the organizations or any industry. It helps to achieve

the organizational goal & mission of any organization. In the food industry the McDonald is very

famous. They have to apply the critical success factors in their business. The director must think

about the critical success factors of the McDonald. They have to think about the past & the

future of the industry. Critical success factors help to achieve the mission & objectives of the

industry. Critical success factors should not be confused with success criteria ; the latter are

outcomes of a project or achievements of an organization that are needed to consider the

project a success or to esteem the organization successful. McDonalds directors has to take

action about the how to achieve the organization goal very fast. It is a competitive world. So

they must have to think about the critical success factors.

Competitive strategy & position:

Competitive strategy & their position are different from industry to industry & firm to firm.

McDonalds have to focus on their market share in different country. They have to see the

market place of the company. If the directors want to earn more profit or gain then they have

to focus on their critical factors. The mission, vision & the value of the firm is very important. It

affect to the company in their success. What is the competition level & their strategy

implication in to the market & their market position is very important to know for the company.

The value of an organization, their market share it impact to the industry. Competition level is

more important for every industry to survive into the competitive world. Today all food industry

faces the cut throat competition day by day. In this increasing competition world McDonalds

have to focus on their critical success factors. After knowing the critical factors the McDonalds

become more & more profitable in the world. & they can capture more market in to the

country. They can compete with the all food industry & they can give best services to their

customers. So for the long time profitable situation & to improve the market share McDonalds

have to adopt the success factors.

Environmental factors

Environmental changes: Economic, regulatory, political, and demographic changes create

Critical Success Factors for an organization. These relate to environmental factors that are not

in the control of organization but which an organization must consider in developing Critical

Success Factors. It is really helpful to develop an organization. Through the controlling of the

environmental factors the director must consider all the aspect related with the goal. They have

to focus on the goal & object of the company.

Examples for these are the industry regulation, political development, and economic

performance of a country, and population trends.

All environmental factors impact on the company. It improves to the permanence level of the

McDonald they are external factors of the industry. It cannot be control by the company, but it

affect to the company more. For achieving goal, mission & vision the McDonalds have to control

the external environmental factor. For getting better performance & high result they have to

know their success factors. In that many criticize come across but they have to overcome those

factors so that the company can achieve more result & they can get the success. The

environmental factors are differing from firm to firm. The companies have to manage all the

things. If they control the environmental factors then it becomes very easy for the company to

achieve their goal. All competition form their competitor can be faced very easily. For the

proper regulation of any industry or organization the McDonald has to more & more focus on

that particular factors.

Temporal factors

In the simple term the Temporal means the sequential of the things which is going to do, even

it will do in the future. That all the things must be Temporal in the business like food Specially,

McDonald’s. So, the manager of the McDonalds need to find the strategy which helps to

implement the strategy and thorough that they can achieve the goal of the McDonald’s,

therefore manager need to sequence or decide the priority which helps to improve and even

helpful in the achievement of the goals. They need to decide the sequence of the activities

which is needed to do, and even it may be useful in the future. They have to do so the activities

must be complete on time and even the activity cannot be remaining, and they can do the

better task to achieve that goal. Activities list and implementation must be temporal so they

can do the different things from the competitors. And it is very much important that the

McDonald’s strategy must be the different with their competitors so they can take the

advantage of the critical factor.

Managerial position factor

In the business like food industry there is also the cut throat competition among many

companies. At that time the company needs to take the steps to achieve desirable or expected

goal. Is that company wants to take the advantage of the critical success factor which help the

company to achieve the objectives.

And even the McDonald’s need to take that step in the regarding of that managerial position. In

which the manager need to find the critical success factor which helps them to achieve the

goal. So the McDonalds can achieve their goal with the help of managerial position factors and

at that authority the manager can take the advantage and implement the strategy which helps

to improve the position in to market.

This factor is very necessary in the food industry while the company like McDonald’s. Through

this, the MacDonald’s can give the proper attention towards their goal. The McDonald’s need to

identify their critical factor on which they can get the huge success otherwise it creates the

problems in the business. It is possible that they have to face the problem with the

competitor’s strategy. So as we all want the huge success if the companies like McDonald’s

wants they need to implement the managerial position factor in their organization.

The industry

In the business there are many competitors they need to face the competition problem. So the

business needs to concentrate on that and they need to take advantage of that. So the industry

like the food needs to concentrate on that and so the company needs to focus on their critical

success factor which needs to focus and through that they can be the different with those

factors.

As an industry the company needs to focus on that activity and the company must be aware on

that if they have a good chance to create the image in front of the whole industry. Image and

the valuable way the company needs to crate the critical factor in the McDonald so they can

take the advantage from the competitors. Even it is more important for the competitions

aspects when there are the many sellers into the market. So when the competition is among

the company of the same industry at that time the company needs to find the critical factor in

which through they can take the advantage of the differentiation in the market. That critical

factor must be observed and evaluated by the manager so they can analyze it and take the

action to achieve it.

Conclusion

As a conclusion we can say that critical success factors are measurable and associated with the

target goals. So the company has the many opportunity to develop it with the proper time and

even the efforts. So the McDonalds can take the advantage of that activity with the proper and

the accurate critical success factors which helps them to improve the level in to the food

industry. And in growing economy like the food they can take that competitive advantage to

develop and enhance the business aspects. Even with that factor the company can take the

advantage of those technological changes which helps them to sustain into the market with the

some uniqueness. So the success factors are very much important.

References

C. Charles. (2014). The competitive method: Moving Beyond Qualitative and Quantitative

Strategies. University Of California Press

N. Roni. (2014). U.S. Food System. Jossey-Bass

H. Jeffrey. (2013). Economics and Management of the Food Industry. Routledge

N. Marion. (2002). Food Politics. University of California Press

T. Marvin. (2009). Critical Success Factors Simplified. Productivity Press

W. Yaakov., T. Shlomo., O. Christina. (2013).A Comprehensive Guide To Mergers & Acquisitions.

FT Press

C. Emanuel. (2012). Project Success: Critical Factors and Behaviours. Gower