Page 100 - English for Executive Administrative Assistant
P. 100

C         Reading


                   .
                   Reading a text on how institutional information in mass media can be used to
                   make informed business decisions.


               Institutional information in mass media, such as press releases, company announcements, and financial
               reports, is a critical aspect of the business world. It provides valuable insight into the strategies and
               performance of companies and organizations, as well as industry trends and competitor activity.


                     The text below is a case study provided on how institutional information in mass media can be
                    used as an important element in making informed business decisions. Read the text and answer
                    the questions following it.

                     McDonald's is a global brand with over 36,000 locations in more than 100 countries. The company is

              known for its quick service and affordable prices, which have made it one of the most popular fast-food chains in
              the world. However, between 2015 to 2016, McDonald's has faced increased competition from other fast-food

              chains and healthier food options. In response to this, McDonald's has focused on using institutional information

              in mass media to inform its business decisions.
                     McDonald's uses institutional information in mass media to make informed decisions about its menu and

              marketing. For example, the company regularly monitors consumer trends and preferences in order to determine
              which menu items are most popular and which are not. This information is used to make decisions about which

              menu items to keep, which to eliminate, and which to introduce.

                     In  addition,  McDonald's  also  uses  institutional  information  in  mass  media  to  inform  its  marketing
              strategy.  For  example,  the  company  regularly  monitors  consumer  sentiment  about  the  brand  in  order  to

              determine which marketing messages are resonating with consumers and which are not. This information is used

              to make decisions about which marketing messages to use and which to avoid.
                     McDonald's use of institutional information in mass media has been successful in informing its business
              decisions. For example, in 2015, the company introduced a new, healthier menu option called the “McWrap” in
              response to consumer demand for healthier food options. The McWrap quickly became one of the company's
              most popular menu items and helped to increase sales.
                     In addition, McDonald's use of institutional information in mass media has also helped to improve its
              marketing strategy. For example, in 2016, the company launched a new marketing campaign that focused on the
              quality of its food. This campaign was well-received by consumers and helped to improve the company's overall
              brand image.

              References:
              “McDonald's Introduces McWrap.” McDonald's Corporation, 2015.
              “McDonald's New Marketing Campaign Focuses on Quality.” AdAge, 2016.
              “McDonald's: Company Overview.” Hoovers, 2019.





               92 | Page
               English for Executive Administrative Assistant
   95   96   97   98   99   100   101   102   103   104   105