Introduction The purpose of this assignment will highlight one of my favorite success story and entrepreneur Ray Kroc. Ray Kroc was known for his talents in expanding the fast food restaurant chain McDonalds. I think Ray demonstrates the ideal American dream, he believed in the product and would risk everything to be successful. I think Ray Kroc was one of the most determined and disciplined entrepreneurs back in the day that changed the game of fast food chains. I will also discuss Ray Kroc’s life events leading up to his success with McDonalds.
Ray Kroc – Background History One of the most famous entrepreneurs of his time, Ray Kroc envisioned an idea that would soon impact the food business. In 1902, Ray was born in Oak Park, Illinois to parents of Czech origin, (2017). At a young age, Ray expressed much interest in business for example, always opening lemonade stands and working at many soda fountains, (2017). Ray also enlisted in World War I as a Red Cross ambulance driver, while in training he ended up …show more content…
As author Kathleen Allen states, “Entrepreneurship encompasses a mindset or way of thinking and a set of behaviors”, (Allen). Ray expressed the mindset of a business or sales man. He set a goal and disciplined himself until he succeeded. Author Kathleen Allen also states the way of thinking includes risk taking, opportunity focus and growth oriented, which Ray expressed all of these qualities. For example, Ray started out as a franchising agent working for the McDonalds brothers, the brothers did not want to create many franchise owners. Ray wanted to take the business farther, expand as much as possible due to the efficient method of delivering quality fast food to customers. In 1955, Ray created McDonalds System Inc., later known as McDonalds Corporation and opened the first restraint in Des Plains, Illinois,
Ray Kroc – Background History One of the most famous entrepreneurs of his time, Ray Kroc envisioned an idea that would soon impact the food business. In 1902, Ray was born in Oak Park, Illinois to parents of Czech origin, (2017). At a young age, Ray expressed much interest in business for example, always opening lemonade stands and working at many soda fountains, (2017). Ray also enlisted in World War I as a Red Cross ambulance driver, while in training he ended up …show more content…
As author Kathleen Allen states, “Entrepreneurship encompasses a mindset or way of thinking and a set of behaviors”, (Allen). Ray expressed the mindset of a business or sales man. He set a goal and disciplined himself until he succeeded. Author Kathleen Allen also states the way of thinking includes risk taking, opportunity focus and growth oriented, which Ray expressed all of these qualities. For example, Ray started out as a franchising agent working for the McDonalds brothers, the brothers did not want to create many franchise owners. Ray wanted to take the business farther, expand as much as possible due to the efficient method of delivering quality fast food to customers. In 1955, Ray created McDonalds System Inc., later known as McDonalds Corporation and opened the first restraint in Des Plains, Illinois,