Yet More Success Secrets of McDonald’s Ray Kroc
1 Comment Published by Sean December 27th, 2006 in Quotes
“Decisions at McDonald’s have always been the product of individual initiative. Ideas are never homogenized by committees. New directions are the result of a continuous trial and error process, and new ideas spring from all corners of the system. The key ingredient in Kroc’s management formula is a willingness to risk failure and to admit mistakes.” [p.7]
From: “McDonald’s: Behind the Arches” by John Love
[PHOTO: Willard Scott as the first Ronald McDonald. Like most of the successful product and promotional innovations at McDonald's, Ronald McDonald was the result of a franchisee idea and initiative. Photo courtesy of McDonald's Corporation]





“Decisions at McDonald’s have always been the product of individual initiative. Ideas are never homogenized by committees. New directions are the result of a continuous trial and error process, and new ideas spring from all corners of the system. The key ingredient in Kroc’s management formula is a willingness to risk failure and to admit mistakes.” [p.7]
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