Sunday, 12 June 2016

Reading Reflection No. 1

Ray Kroc, Grinding it Out: The Making of McDonald's
1) What surprised you the most?
Ray Kroc worked for McDonald's until the day he died.
What about the entrepreneur did you most admire?
I admire his business philosophy. An example of this is a quote where he said "If I had a brick for every time I repeated the phrase "Quality, Service, Cleanliness and Value", I think I'd probably be able to bridge the Atlantic Ocean with them."
What about the entrepreneur did you least admire?
I did not admire that he valued consistency rather than meat quality and health.
Did the entrepreneur encounter adversity and failure? If so, what did they do about it?
Ray Kroc was faced with many challenges but persevered. He was not happy with the formulas of the McDonald brothers so he bought them out and took control.
2) What competencies did you notice that the entrepreneur exhibited?
He definitely embodied drive. He did not let anyone slow him down, he knew what he wanted and had big dreams he knew he would accomplish. He had a brilliant sales and marketing mind.
3) Identify at least one part of the reading that was confusing to you.
I was confused to learn that the McDonald brothers cared less about the business than Ray Kroc did. He had much bigger aspirations for McDonald's than they did.
4) If you were able to ask two questions to the entrepreneur, what would you ask? Why?
I would ask how he knew that McDonalds would be successful I would also ask why he didn't just start his own business when he started clashing with the brothers. I would ask these because it intrigues me.
5) For fun: what do you think the entrepreneur's opinion was of hard work? Do you share that opinion?
I definitely think Ray Kroc can attribute his success to hard work so he definitely reveres the quality. I do share that opinion.

No comments:

Post a Comment