Scribd Logo
Upload

Welcome to Scribd!

  • 154 views

    Reaction Paper For The Founder

    Uploaded by

    Piands Fernands
    The film The Founder tells the story of how Ray Kroc founded the McDonald's fast food chain. It shows how Kroc, a salesman, recognized the potential in the McDonald brothers' restaurant that served food quickly and at low prices. While the brothers could only expand to one location, Kroc saw the opportunity for nationwide franchising. He took control of the company from the brothers and transformed it into the largest restaurant chain in the world through his persistence and business acumen, such as switching to a franchise model and tight control over franchisees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Reaction Paper For The Founder

    Uploaded by

    Piands Fernands
    154 views3 pages
    The film The Founder tells the story of how Ray Kroc founded the McDonald's fast food chain. It shows how Kroc, a salesman, recognized the potential in the McDonald brothers' restaurant that served food quickly and at low prices. While the brothers could only expand to one location, Kroc saw the opportunity for nationwide franchising. He took control of the company from the brothers and transformed it into the largest restaurant chain in the world through his persistence and business acumen, such as switching to a franchise model and tight control over franchisees.

    Original Title

    Reaction Paper for The Founder

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The film The Founder tells the story of how Ray Kroc founded the McDonald's fast food chain. It shows how Kroc, a salesman, recognized the potential in the McDonald brothers' restaurant that served food quickly and at low prices. While the brothers could only expand to one location, Kroc saw the opportunity for nationwide franchising. He took control of the company from the brothers and transformed it into the largest restaurant chain in the world through his persistence and business acumen, such as switching to a franchise model and tight control over franchisees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    154 views3 pages

    Reaction Paper For The Founder

    Uploaded by

    Piands Fernands
    The film The Founder tells the story of how Ray Kroc founded the McDonald's fast food chain. It shows how Kroc, a salesman, recognized the potential in the McDonald brothers' restaurant that served food quickly and at low prices. While the brothers could only expand to one location, Kroc saw the opportunity for nationwide franchising. He took control of the company from the brothers and transformed it into the largest restaurant chain in the world through his persistence and business acumen, such as switching to a franchise model and tight control over franchisees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    Piandre Angelo A.

    Fernando
    11932716

    Reaction Paper on The Founder

    The Founder is a 2016 American biographical drama film that was written and directed by John
    Lee Hancock. The movie, starring Michael Keaton as industrialist Ray Kroc, tells the tale of how he
    founded the McDonald's chain of fast food restaurants. Richard and Maurice McDonald, co-founders of
    McDonald's, are portrayed by Nick Offerman and John Carroll Lynch.

    Before the creation of McDonald's, in the 1940s. Some American restaurants' customer service
    was subpar. The price of the food is high, and it takes longer than planned to receive it. Ray Kroc is
    dissatisfied with the food's quality after it was served to him in a parking lot. Ray Crock is the subject of
    The Founder. a 52-year-old salesman who grew the McDonald Brothers' tiny restaurant into the largest
    restaurant chain in the world. The McDonald brothers developed a way to transport food quickly, but they
    were only able to expand their operation to one location. When Kroc visited the brothers in 1954 to find
    out how a small store could sell so many milkshakes, he found that they had a straightforward, effective
    system in place that allowed them to manufacture large amounts of food at competitive costs. A standard
    hamburger was 15 cents, or roughly half what restaurants in the neighborhood were charging. The
    McDonald Corporation we know today was founded by Ray Crock, who completely reimagined the fast
    food industry.

    I learned from watching this movie that one of the key components to success is perseverance.
    The movie "Founder" is based on the life of Ray Kroc, who is credited with helping to make McDonald's
    the world's largest fast food company. Crock accomplished this while still in his forties. Why did this old
    man manage to accomplish everything? perseverance with a single word. After a dreadful and
    unproductive day of selling milkshake machines and chowing down on fast food, in the first part of the
    film. Ray enters his room while listening to an audio lecture; this moment is crucial since the narrative
    exposition that follows forms the core of Ray's journey over the ensuing years. Nothing in the world can
    replace persistence, as the following remarks from the audio course demonstrate. Nothing is more
    prevalent than talented men who fail in their endeavors. Genius won't do it; unappreciated genius is
    practically a proverb. Education won't work because there are many educated misfits in the world.
    Accordingly, I believe that even though an initial setback may have temporarily slowed or stopped us on
    the path to accomplishing our goals, we must continue going on with whatever objective was initially
    planned. No matter what happens, persistence calls for us to have a positive frame of mind.

    Ray Kroc's team selection in the film was problematic. When Ray was looking to grow his
    franchise business, he did what most people do—he reached out to his affluent friends. He visited their
    bars and gatherings to promote the advantages of the cooperation and McDonald's quick system. And
    because of his skill as a salesperson, he was able to pique their curiosity. Despite his tremendous efforts,
    he was unable to profit from these connections since his connections were just too busy to work at the
    restaurant. This extremely wealthy franchise began to alter the operating procedures and pattern of the
    company. They started changing the menu and disregarding strong standards, which ruined the brand.
    Why is this occurring, then? It's because those folks were already established, successful, and had
    different objectives, and because his fast food operation at the time was not very eye-catching and did not
    require a significant investment. Even though he was initially successful in franchising it, things didn't go
    as planned. If so, I believe we should never choose creative and intellectual individuals since they will be
    unhappy and, of course, eventually look for other options. When Kroc became aware of these facts, he
    began to part ways with his partners and look for new ones. Ray picks devoted couples as his franchises.
    He chose a staff that would meet his restaurant's needs and work around the clock so that they could
    collaborate, stick together, and achieve the best work-life balance possible. Then bingo! It succeeded!
    Because their only obligations were to their families and businesses. Even though those people lack
    formal education, wealth, or specialization, they can always be trained. They are devoted individuals that
    truly require a steady income and have consistently craved achievement, just like he did.

    The strength of legal documentation is also demonstrated in the film. Ray Crock determines that
    McDonald's must use the franchise model in order to grow and penetrate new areas of America. When the
    McDonalds brothers teamed with Ray, they had a very rigid agreement that favored them more than Ray
    because their original franchise concept had failed. Ray was struggling despite the rise in franchises
    owing to his exorbitant contract. Since the McDonalds brothers were terrified of any change, he was
    unable to innovate in business, revisit his royalties, or oversee franchisee behavior, which was particularly
    difficult in the days before technology and when restaurants were spread out far apart. How did he endure
    this ordeal? With the assistance of a new acquaintance he made at the bank, he completely reinvented his
    company plan. They purchased premises and leased them out rather than letting franchisees open
    restaurants on their grounds. With this issue resolved, franchises could be controlled and held to a high
    level; if they broke the agreement, they would be fired. Because a new business strategy was now in place
    independent of the first interaction with the McDonald brothers, this also resolved the revenue problem.
    Ray established a brand-new business to enable him to do all of this. It shows us the value of creating a
    new legal entity and, of course, the importance of choosing the right corporate structure.

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy