The Fast Food Industry Is A Great Example Of The Concept Of Tradeoffs
Case in Point 1: McDonald’s “Made for You”
- To replace Chapter two article, Cadillac Reportedly to Build Chevy Volt- Based Car, on page 60
Business systems have limitations. Companies that focus on details often have to give up the speed of production. These situations demonstrate tradeoffs, the exemptions a company must make in order to have limits on their offers. Tradeoffs better characterize companies’ business systems. The history of McDonalds business is a great example of the concept of tradeoffs.
The fast food industry is extremely competitive. Consumers make their choices based on price and convenience. In the last century, McDonalds used tradeoffs to help them be the leader of the fast food industry. Because customers love McDonalds for their fast speed and consistency, the whole company’s operating system was aimed towards these two goals. However, McDonalds competes with more and more new fast food companies like, Wendy 's, Taco Bell, and KFC. McDonalds started to look for ways to improve their own system.…