McDonald’s Needs To Rethink Its Value Strategy
A recent article in The Wall Street Journal reminds us that understanding value is critical for brand viability. The story focuses on McDonald’s. According to the reporters, the V (Value) in Ray Kroc’s QSC and V (Quality, Service, Cleanliness, and Value) has vanished. McDonald’s is struggling to recapture its customer-perceived value positioning. This is a truth: creating, promising, and delivering value is a marketing imperative. Every brand should strive to offer the best value to...