Tuesday, July 07, 2015

Interview with an Entrepreneur: McDonalds

McDonalds Vision
McDonald's vision is to be the world's best quick service restaurant experience. Being the best means providing outstanding quality, service, cleanliness, and value, so that we make every customer in every restaurant smile.

McDonalds Mission

"McDonald's brand mission is to be our customers' favorite place and way to eat."

McDonalds Values
We place the customer experience at the core of all we do. Our customers are the reason for our existence. We demonstrate our appreciation by providing them with high quality food and superior service in a clean, welcoming environment, at a great value. Our goal is quality, service, cleanliness and value (QSC&V) for each and every customer, each and every time.
We are committed to our people. We provide opportunity, nurture talent, develop leaders and reward achievement. We believe that a team of well-trained individuals with diverse backgrounds and experiences, working together in an environment that fosters respect and drives high levels of engagement, is essential to our continued success.
We believe in the McDonald’s System. McDonald’s business model, depicted by our “three-legged stool” of owner/operators, suppliers, and company employees, is our foundation, and balancing the interests of all three groups is key.
We operate our business ethically. Sound ethics is good business. At McDonald’s, we hold ourselves and conduct our business to high standards of fairness, honesty, and integrity. We are individually accountable and collectively responsible.
We give back to our communities. We take seriously the responsibilities that come with being a leader. We help our customers build better communities, support Ronald McDonald House Charities, and leverage our size, scope and resources to help make the world a better place.
We grow our business profitably. McDonald’s is a publicly traded company. As such, we work to provide sustained profitable growth for our shareholders. This requires a continuous focus on our customers and the health of our system.
We strive continually to improve. We are a learning organization that aims to anticipate and respond to changing customer, employee and system needs through constant evolution and innovation.

McDonalds History
Ray Kroc started it all when he bought the franchise of a small burger joint owned by brothers Dick and Mac McDonald. He opened his first restaurant in Des Plaines, Illinois and five years later, he bought the exclusive rights of the name, McDonald’s.


McDonald’s continues to serve close to 68 million in over 119 countries every day, making it the number one quick-service restaurant in the world.

The first McDonald's restaurant was actually called McDonald's Bar-B-Que restaurant, which was opened in 1940 in San Bernardino, CA. They didn't convert to a simple hamburger and potato chips menu until 1948. In 1949 french fries replaced the potato chips and triple thick milkshakes were added to the menu.


Ray Kroc discovered the first McDonald's restaurant when he went there to sell them a milkshake machine. Kroc became a national franchise manager and helped open a McDonald's franchise restaurant for the first time in 1955 in Des Plaines, Illinois.

MCDONALD’S DARAGA

INTERVIEW PROPER:
1. Who is the entrepreneur/founder/manager?
                Ms. Christine L. Pomida, graduate of Business course at BU CBEM way back 2006. She is often called as “Maam Tin”. She is one of branch managers of McdonaldsDaraga. She was once part of employees in McDoLegazpi Branch.

2. What is their business or venture?
                Their business is a fast food or a service type restaurant. They cater the highest quality, services and cleanliness that should be observed.


Image from my.lcc.com

3. When did they start it?
                Mcdonald’sDaraga commenced its business March 31, 2009. 4 years of existence and still offering exceptional services to all its customers/patrons. McDonald’s is under the Big Pounder Corporation.

4. Do you have any idea by how much the founder /entrepreneur invested for the franchise?
                I cannot foreclose any specific monetary amount; definitely any franchise might have involved millions of pesos as startup costs and be able to establish this kind of business.

5. How effectively does the founder/manager feel he/she was adequately prepared for starting and running a business?
                I know the founder of McDonald’s is confident to start a business like this. Also, I believed I am greatly prepared and confident to run and manage this business, since I am a graduate of a business course. We are hired to really manage the business. I know I had applied and used what I have learned in college now that I am already a branch manager. But before I came to this position I have undergone series of trainings and processes.
                It is always seen in the result of the business. There is a Performance Review being conducted to us annually. They check certain areas like; people, QSC, profit and sales. It is their bases on how to rate our business. If we gained below quota sales we will have a low rating.

6. What process did the founder follow in developing the business? For instance, did the founder write a business plan, search for financing, etc?
                Yes. I do believe that every entrepreneur or owners of businesses should have their carefully and strategically planned business plans, before they can start to establish one. After which, sourcing out funds will take place. It always starts with a plan and everything will follow accordingly. Without a plan, perhaps a certain business will fail.

7. Was the process successful?
                As you can see, everything is a success. McDonald’s has different branches across the world. McDonald’s Daraga is a proof. As a manager, I know that we are already a successful food and service business. We are not saying that we are perfect, because everything has its flaws, but we can be the best in every way we can.

8. What have been the biggest issues the entrepreneur/manager has faced at different phases of the business?
                During our early years, we encountered issues or problems with regards to volatility of sales. Visibility of the building is also our concern. As you observed, we are being covered by and in between of nearby establishments. Also, marketing strategies should be carefully planned and executed because media competition in the food and service industry is fast increasing.

9. How did he/she deal with these issues?
                I address those issues by considering it as part of the flaws of the business. We focus on certain things that can affect the sales and competitiveness of McDonald’s. We make plans on how to improve it. We study the market and develop viable marketing strategy to sustain the business operations. Step by step; one at a time we can and will see improvements and we need to keep it up.

10.  What are some of the steps how the entrepreneur or manager evaluate the business performance?
                McDonalds has this USC or Utility Service Cleanliness which involves a “mystery shopper” that will be visiting the store, particularly in the counter area. The Mystery shopper will be the one to evaluate the business. Having a rating of O% to the firm means that the business had done exceptional service to customer, 100% will be rated for himself (the mystery shopper) meaning that he or she experienced great service or satisfaction to the business.

11. What are the problems you encountered when it comes to managing people in your organization?            
                There are times that service crews misunderstand each other, it is inevitable. Misunderstanding is common among organizations. Problems like kitchen turnover, “minsankasi, hindimaayosyungpag-kaka turnover nang kitchen to the next shift crew assigned in the kitchen”.

12.  What are the ways on how you manage your co-workers?
                Just like in any organization, there are certain laws and policies that are observed. There is certain incentive program offered that serves as a motivational factor to do their job well. The business maintain friendly atmosphere in the organization to establish camaraderie and unity among them.

13. How can we measure the effectiveness of the employees and the business?
                We have our people, our products and equipment’s. When it comes to effectiveness, we based it on trainings which serve as our foundation. The company helps us gain more experiences and learn further through national trainings. I believe big things come from small things. I did not become a manager in just a snap; I undergo also into series of trainings.
                It is always seen in the result of the business. There is a Performance Review being conducted to us annually. They check certain areas like; people, QSC, profit and sales. It is their bases on how to rate our business. If we gained below quota sales we will have a low rating.

14. What are the qualities the business must have in order to survive in this line of business?
                The business must be profitable. Profitability is a need to sustain the continuous feasibility for the sustenance of the business operations. Such can be accomplished in different managerial decisions and strategies. Example are managing utilities and monitoring food costs.

15. Can you confidently say the entrepreneur or founder is happy with the performance of the business?
                I say to it that the business results to a satisfactory performance. I maintain an effective management. Having an effective management means that sales are high which results to high profit. Manager is rated to the profit produced by the business. Thus, high sales mean high rating.

16. What are the major personal goals and organizational goals that the entrepreneur/manager has going into the next several years?
                I consider handling a store someday or having my own restaurant as part of my Personal goals. My Organizational goals as being a Branch Manager are; “McDo: MagingUnasaPamilyangPinoy” or McDo should be on top in the heart of Filipinos, and it should be the first choice among food chains when dining out.

17. What are the milestones that the business has achieved?
                Year 2012, McDonalds got the rating of 0% straight for the whole year, which means we achieved the utmost Customer Satisfaction Security. People training audit are 100% very satisfactory.

ADDITIONAL QUESTIONS:
1. How do you view competition?
                Most of us see competition as a plague but I consider competition as a good challenge. For me, competition is a benchmark for creativity that stimulates innovation or improvement on the quality of foods and services we offer. Without competition, there will be no innovation, and without innovation, our business will be stagnant and we will be left behind.
                We all know that Jollibee offers food that is close to Filipino’s taste or the “panlasangpinoy”. So McDonalds, is having different sets of Marketing Strategies to compete with our close competitor. We are competing fair and square. We offer a better, fast and consistent service for our patrons. Along with the strategies we do, we can win the heart of Filipinos.

2. Do you have plans on having your own business?
                Yes, that is one of my personal goals in life. I will aspire to handle a store someday, maybe two to three years from now, probably, a business that is in line with Marketing or promoting something. I will consider this business as a sideline. I still want to continue on being a manager here at McDonalds.

3.  What attitude do you value most? Why?
                The attitude that I value most is being dedicated. In everything we do, do it with a heart. If we are dedicated, all the good and great things will follow.

4. How do you manage stress?
                Stress or pressure is inevitable in a business. Stress will affect you, if you let it swallow you. I manage stress by simply smiling and being optimistic; everything will be good in time.

5. What are the tips that you can share to students pursuing a managerial career?
                Definitely, students should finish a four year course. A person must have a pleasing personality; of good moral character and must possess good leadership skill. Pursuing a position in a college/university based organization (i.e USC, CSC, SK) could help in developing one’s leadership skill.J



Friday, July 03, 2015

Interview an Entrepreneur


Directions: Interview of a Founder/Entrepreneur. 

Such an interview will provide your group with significant information about the organization as seen through the founder’s eyes, especially the issues faced throughout the stages of the company. 


Interview an entrepreneur using the questions below as a guide. Summarize your findings in a short presentation to the class

The interview should include the following topics
  1. Who is the entrepreneur/founder?
  2. What is their business or venture?
  3. What is the Vision, Mission and Goals of the Business?
  4. What were your early goals and what steps did you take to realize them?
  5. When did they start it?
  6. How effectively does the founder/entrepreneur feel he/she was adequately prepared for starting and running a business?
  7. What experience would have been invaluable to obtain prior to starting the business?
  8. How was the idea conceived for the business? When and how did you get the idea for your business? How is your business organized?
  9. What process did the founder follow in developing the business? For instance, did the founder write a business plan, search for financing, etc?
  10. Who provided the support (monetary or otherwise) that you needed?
  11. Was the process successful?
  12. What interests and hobbies did you have that influenced your business idea?
  13. How did your family, friends, or events in your younger life influence your venture?
  14. What would the entrepreneur have done differently at the initiation of the venture?
  15. What have been the biggest issues the entrepreneur has faced at different stages of the venture?
  16. What obstacles did you encounter at the beginning of your venture?  What has been the toughest part of being in business for yourself?
  17. How many employees do you have and what do you look for in an employee?
  18. How did he/she deal with these issues? How did you overcome these obstacles?
  19. What is your major source of competition and how do you stay ahead of it?
  20. What are the major personal goals and organizational goals that the entrepreneur has going into the next several years? What are your hopes for the future of your business?
  21. How have your motivation shaped the way you run your business?
  22. What do you like about being in business for yourself?
  23. How has your life changed since you started your business?
  24. What compromises are you willing to make in order to preserve the worth of your business?
  25. If you had to do it over again, would you?
  26. How do you handle people that you do not want?
  27. What aspects of your business reflect your unique handprint?
  28. What is your definition of success?
  29. How have you engineered your business with the picture of success in mind?
  30. What early successes kept you going?
  31. What made you feel that you were a success?
  32. What attitudes and characteristics does one need to possess to be a successful entrepreneur?
  33. Any advice for would-be entrepreneurs?
  34. Anything else you would care to add?
  35. Identify the key takeaways from this conversation.

Some other guidelines:
  1. Business should be operating for more than 3 years.
  2. Conduct the interview in person.
  3. Note the critical milestones that the entrepreneur has achieved.
  4. Don’t just report the interview, but also critique the entrepreneur’s process (e.g., do you agree with the way the entrepreneur launched the business? What should he/she have done differently? If it was an effective process, why?).
  5. Include Direct Quotes.
  6. Schedule the interview ASAP. Time is of the essence for the owner
Deliverables:
  1. A Well-written HARD BOUND paper (compiled for all groups) and CD that summarizes the questions above with documentation and transcription. (double-spaced; 12-font; Arial).
  2. A 3-minute presentation in class of the company and the interview. The presentation should address the questions above. You do have the option to develop a video of the interview for class presentation or a Powerpoint or Keynote presentation.
  3. You are required to rehearse your presentation with a fellow team (peers) prior to your in-class presentation. In addition, you are required to have your peers review your paper.
  4. Deadline:Presentation will be done A WEEK AFTER MIDTERM EXAM with DRAFT WRITTEN REPORTS.
  5. Final Hard Bound Written Report and CD will be submitted on the FINAL EXAM.