Does McDonalds functional activities play a vital role in the running of the business
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Outlined previously, McDonalds functional activities play a vital role in the running of the business, I have identified and described what their functional activities are and analysed the contribution of different functional activities carried out in a selected business organisation- McDonalds, in reference to its aims and objectives.
I am now going to assess the contribution of one of these functional activities to the success of the business plan in achieving organisational aims and objectives.
Realistically speaking in a perfect world, the functional activities help each other and help the business in all aspects, however in my opinion regardless of company aims, not all activities are met, and also there are flaws in these strategic plans.
Assessing McDonalds performance, I will look into one of their functional activities, in particular the finance department. The financial department specifically is unpredictable, though business plans, break-even analysis, cash flows and balance sheets, help in reducing the losses, if a product was to fail then everything in matter of aspects would be affected.
Undoubtedly the finance department are doing a good job in running the business; however there are losses in every organisation. It is important for them to ensure that problems which could be prevented are covered beforehand so they do not occur. As mentioned previously healthy book- keeping must be maintained. Though these measures are taken, problems still occur. Below I have listed what I think could affect or go wrong with McDonalds preconceptions...