Strategic Position of McDonalds Assignment Example | Topics and Well Written Essays - 1250 words

strategic Position of McDonalds - Assignment ExampleThe researcher states that McDonalds achieved a 27% revenue growth over the leash years ending in 2007. The market success of any business largely depends on its harvest-time quality and service efficiency. It is clear that high-quality products can be designed, produced, and delivered only if high-quality people argon employed. As Rioux and Bernthal peak out, for any business like McDonalds offering customized services, efficiency in employee recruitment, alternative, and retention is particularly vital to stick out customer satisfaction and thereby promote market share growth. While analyzing McDonalds recruitment and selection policy with reference to related practices such as training and development, staff turnover, and rewards and benefits, the policy seems strategic. To illustrate, the organization uses trenchant and extensive recruitment and training approaches to attract, identify, develop, and retain potential staff that would best suit McDonalds long-run business interests. McDonalds opened its first restaurant in the UK in 1974 and there were 1330 McDonalds restaurants in the hoidenish by 2004. Like corporate giants like Walmart and Coca-Cola, McDonalds is also a worlds leading large employer. As per records, in 2004, the company employed 43,491 people in its restaurants and they embraced 40,699 hourly paid workers, 2,292 managerial personnel, and euchre office staff. McDonalds US franchisees employed further 25,000 people in 2004. Most of the McDonalds employees are paid based on an hour-rate system and those employees are referred to as crew members.