Mc_Donalds_Application_Of_Marketing_Mix

Mc Donalds Application Of Marketing Mix Introduction The purpose of this report is to identify and describe the application of the Marketing Mix by an organisation, and its effectiveness in achieving organisational goals. The organisation I have chosen to focus on is McDonalds, one of today’s leading fast food companies, who has not only revolutionized the fast food industry with its creative marketing techniques and unforgettable taste, but for years has dominated the industry as well. But before looking in depth at McDonalds, it is important to have an understanding of why marketing and the application of the Marketing Mix is so crucial for an organisation to succeed in today’s more consumer orientated environment. Marketing puts the customer at the centre of the organisation. The organisations, which choose to do so, reap the profits and benefits. There are two key distinctions which are central to marketing management: the selection of target markets where the firm will compete and the design of the marketing mix which will determine its success in these markets (Doyle 1994). The marketing mix is defined as “The set of controllable tactical marketing tools that the firm blends to produce the response it wants in the target market” (Kotler et mcdonald’s, marketing, product, mix, market, food, fast, company, brand, promotion, sales, price, success, products, organisation, new, 2000, uk, quality, key, important, development, customer, consumers, years, target, restaurants, one, line, growth, consumer, variety, value, units, through