Class 6 - Putting It Together.pdf - Putting It Together...

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Putting It Together
¨Applyingconcepts fromthe 1stmodule¨ExamdiscussionToday’s Plan
Open SystemOperationsOutputsInputsFeedback From The EnvironmentBusinesses Can Leverage One or Multiple Elements of the Open System ToBe SuccessfulWhat does McDonalds leverage for its success?
Operational consistency toprovide food and drink quicklyand at a low-price pointgloballyEfficiency
Environment
Global Environment¨Technology and free trade have blurredlines between individual economies in theworld¨War, terrorism, disease, and naturaldisasters can take an economic toll globally
Competitive Environment¨Companies develop long-term, mutuallybeneficial relationships with customers¨Companies respond to the actions of theircompetitors¨Speed-to-market provides competitiveadvantageSpeed-to-market: Rate at which a new productmoves from conception to commercialization
What challenges is McDonaldsfacing competitively?

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Term
Fall
Professor
PEREZ,P.D.

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