0UNIT1McDonald’sBusinessModel:TheThree-leggedStoolLessonOneAudioScriptMcDonald’sCorporation(MCD)isoneoftheleadingfast-foodrestaurantchainsintheworld,touchingthelivesofpeopleeveryday
Astheworld’slargestchainofrestaurants,itprimarilysellshamburgers,chicken,frenchfries,milkshakes,softdrinks,etc
Thebusinessbeganin1940,witharestaurantopenedbybrothersDickandMacMcDonald
Initially,theyjustownedahotdogstand
Butafterestablishingtherestauranttheyservedaround25items,whichweremostlybarbecued
Itbecameapopularandprofitableteenhangout
Theirintroductionofthe“SpeedServiceSystem”in1948establishedtheprinciplesofthemodernfast-foodrestaurant
ThepresentcorporationdatesitsfoundingtotheopeningofafranchisedrestaurantbyRayKroconApril15,1955
Ineffect,KrocopenedhisfirstandtheoverallninthrestaurantinChicago,Illinois,an