Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes.

A substantial improvement in McDonald’s financial situation was noticed after the 2003 downfall. For example, there was a twofold increase in the net income as the percentage of sales from 2003 to 2006. Moreover, sales and net income per restaurant in 2006 rose to almost $700,000 and $112,000, respectively, compared to the 2002 numbers.

McDonald’s 2002 financial statements.

There are five reasons for such improvement, three internal and two external causes. The internal reasons include assigning the new CEO, termination of new restaurants opening, and improving restaurants’ design and menu. Specifically, the former CEO of the company Jack Greenberg was replaced by Jim Cantalupo in 2002. Considering the provided data, he seemed to continue preserving McDonald’s values.

Still, the new CEO made some modifications to food choices and the environment in the restaurants, which resulted in a rise in profit. The external causes were new providers’ and customers’ loyalty. It appears that during the period from 2002 to 2006, McDonald’s did not open new fast-food stations. Instead, the company decided to focus on strengthening the quality of their product by expanding the supply network to regain their clients’ trust by providing healthier options.

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Academic.Tips. (2022) 'Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes'. 7 September.

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Academic.Tips. (2022, September 7). Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes. https://academic.tips/question/assume-that-it-is-now-early-2007-look-at-the-post-2002-financial-statements-in-the-table-below-there-are-reasons-within-internal-and-outside-external-to-the-m/

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Academic.Tips. 2022. "Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes." September 7, 2022. https://academic.tips/question/assume-that-it-is-now-early-2007-look-at-the-post-2002-financial-statements-in-the-table-below-there-are-reasons-within-internal-and-outside-external-to-the-m/.

1. Academic.Tips. "Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes." September 7, 2022. https://academic.tips/question/assume-that-it-is-now-early-2007-look-at-the-post-2002-financial-statements-in-the-table-below-there-are-reasons-within-internal-and-outside-external-to-the-m/.


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Academic.Tips. "Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes." September 7, 2022. https://academic.tips/question/assume-that-it-is-now-early-2007-look-at-the-post-2002-financial-statements-in-the-table-below-there-are-reasons-within-internal-and-outside-external-to-the-m/.

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"Assume that it is now early 2007. Look at the post 2002 financial statements in the table below. There are reasons within (‘internal’) and outside (‘external’) to the McDonald’s organisation’s control as to why there has been changes. Describe 5 reasons, with at least two internal and two external reasons, as to why you think there were changes." Academic.Tips, 7 Sept. 2022, academic.tips/question/assume-that-it-is-now-early-2007-look-at-the-post-2002-financial-statements-in-the-table-below-there-are-reasons-within-internal-and-outside-external-to-the-m/.

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