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Success of the McDonald's franchise
The key elements in McDonald’s global marketing strategy
Diversity in demographics of employees
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Recommended: Success of the McDonald's franchise
In 2008, the fast food industry generated a net income of $157.2 billion in the United States, serving countless American’s on an every day basis. Consumers routinely stop in for a quick meal or go through a drive-thru, oftentimes more than once a day. Considering that the fast food industry deals with all types of people, ages, and races, it is a perfect model to observe diversity initiatives. Further, there are countless types of fast food chains, in all parts of the nation –as well as the world- making it ideal for such observations. So, given the subject, which company most successful in addressing diversity, and likewise, which company is the worst? It comes at no surprise that the leader in diversity for the fast food industry is none other than McDonald’s. McDonald’s is the national, and global, leader in total sales, and is one of the most recognizable companies in the world. McDonald’s possesses an astounding 25% of corporate officers as minorities. Further, 24% of all McDonald’s corporate officers are women. Recently, McDonald’s has increased their spending on minorities and women, given that more than 40% of McDonald’s U.S. franchise operators are women and minorities. (Alleyne, 2008) The McDonald’s website has a list of numerous awards won by the company, including “Top 50 Companies Where Women Want to Work”, “Top Places for Minorities to Work”, “Top 10 Diversity Champions”, and many more awards given by nationally recognized publications. In the mid 1970’s, McDonald’s CEO Fred Turner developed the initial diversity framework, and in 1980 hired the first official head of diversity –the first position of its kind in the fast food industry. Glancing over the McDonald’s website in the diversity section de... ... middle of paper ... ...unt of information, but also the highest volume of information available. Along with videos and links to outside websites, McDonald’s diversity section of the website was impeccable. Denny’s, however, was vary bare and did not go into detail, although it was easy to find and provided a couple of outside links. McDonald’s succeeds because you truly get a feel they are trying to be the most diverse company, while Denny’s just promotes diversity for the sake of business norms. Works Cited: 1.) Alleyne, Sonia. (2008). The 40 Best Companies for Diversity. Black Enterprise, Retrieved from http://www.aramark.com/WorkArea/DownloadAsset.aspx?id=500 2.) http://www.aboutmcdonalds.com/mcd/csr/report/employment_experience/inclusion_and_diversity.html?DCSext.destination=http://www.aboutmcdonalds.com/mcd/csr/report/employment_experience/inclusion_and_diversity.html
Diversity in the retail marketplace is something that is significant to the company’s success. Retailers are comprised of people selling things to people. Thus, the people that do the selling must be a good representation of the people that are doing the buying. Companies that are well diversified in their hiring practices, as well as organizational goals, are well recognized by the public. Likewise, companies that are unjust in the functioning of their company will be viewed in a negative light, which could lead to decreased sales and company accountability. Taking this into consideration, observing the diversity profiles for two major retail companies can lead to a firm understanding behind their success and company values.
Cañas, K. A. & Sondak, H. (2011). Opportunities and challenged for workplace diversity: Theory, cases, and exercises. Upper Saddle River: Pearson Prentice Hall.
Cañas, K. A., & Sondak, H. (2014). Opportunities and challenges of workplace diversity: Theory, cases, and exercises (3rd ed.). Upper Saddle River, NJ: Pearson.
Diversity in the work place has generally been thought of as purely an employment equity issue. However, diversity is coming to be recognized as an asset which can, like any other asset that is well managed, contribute to the bottom line. Diversity is growing almost as quickly as the number of software vendors at an accounting convention (Talbot-Allen, 1995, p. 3)
With the increased usage of social media, companies need to be very careful how they handle diversity issues. How a company reacts to diversity issues can make or break their business especially in certain areas of the world. Denny’s is not an exception to the issues that may occur with diversity. However, the way they reacted has had some issues along the way and they did not try to correct the overall problem effectively. Even though Denny’s tried to correct the problem each time they did not handle the underlying problem of a lack of diversity training in the company.
Kalev, Alexandra, Erin Kelly, and Frank Dobbin. "Best Practices or Best Guesses? Assessing the Efficacy of Corporate Affirmative Action and Diversity Policies." American Sociological Review 71, no. 4 (2006): 589-617.
The foundation for developing an effective diversity management program relies on leadership commitment and the CEO should communicate the organization’s position on diversity management and his or her sincere belief in the importance of diversity (Cañas & Sondak, 2010). Indra Nooyi, the current Chairman and CEO of PepsiCo, is a leader who demonstrates a strong passion for managing diversity. In this paper I will be discussing Indra Nooyi’s personal and professional background, the status of diversity within PepsiCo before her role as CEO, the leadership philosophy on managing diversity Indra Nooyi has taken, the strategies she has used to implement diversity management, and her diversity related goals. I will conclude with a discussion on the current status of PepsiCo in terms of diversity, their future diversity goals and how Nooyi’s diversity management efforts have affected the overall success of the company as a whole.
This document will explore what a company can do to foster diversity in the workplace. The business case highlights the development and implementation of organizational initiatives that could:
McDonald’s workforce consist of 73 percent women and people of color making, 43 percent of them are franchise staff and 55 percent are suppliers; additionally, the company has two stores opening everyday in China (Singh, 2010). Furthermore, Lee and Kye-Sung (2000) states 49 percent of McDonald’s total revenue comes from the international market. Gibison (2008) states in order for McDonald’s to reach and increase consumers from diverse backgrounds and different cultures the company tailor its menu by added specialty food for different countries and cultures. An example is the company...
The emergence of diversity in organizations can be traced to the 1960s when legislation was enacted to prohibit discrimination against ethnicity, gender, national origin, race, and religion. Even though workplace diversity origins began in the aftermath of World War I, it was not until 1961, when President John F Kennedy established the President’s Committee on Equal Employment Opportunity (EEO), which was to end discrimination in employment by the government and its contractors (Cañas & Sondak, 2011). Workplace diversity continued to be advanced through the years by Presidents Johnson and Nixon administrations.
In the future diversity in the workplace may be required for companies that want to be competitive, because diverse ideas help create new solutions to help overcome obstacles. To take advantage of the synergy that diversity brings to the workplace, companies must develop long term goals and strategies. A long term strategy acknowledges differences and embraces them to encourage free thinking among employees. By incorporating diversity as an asset, companies can better prepare themselves to face the future. As their customers become more diverse, so should their workforce.
In many companies, employees feel diversity ix not an organizational priority. Diversity has to be apart of...
Diversity is a highly important issue in today’s business, especially in a globalized company. Workplace diversity helps to get better solutions to business problems (Schawbel, 2012). When you have a group of individ...
Diversity in the workplace has been a hot topic around organizations in the United States for several years. Diversity is the state of employing a staff of people that are different within the same organization. It includes, but is not limited to age, gender, religion, sexual orientation, and even education (Nixon & West, 2000). Many organizations participate in diversity programs to ensure that all employees felt like they are part of the team not discriminated against. Research shows that having a diverse work environment improves profitability, employee performance, and better customer service.
Diversity is all around us and how organizations deal with the notion of diversity can be complex and quite diverse. We know that being diverse in the workplace is important to the organization's success, should be recognized, accepted, and embraced. It’s how the organizations live up to what they believe in and must go above and beyond legal compliance and requirements to promoting diversity and inclusion. Otherwise, employees may view the organization's vision and policies as lip service and only be tolerant of diversity because the organization said so.