Business & Finance Homework Help: Film The Founder| Business & Finance homework help
Innovation helps us progress in many areas. It allows us to find new opportunities and create innovative solutions. The Founder emphasizes this point by showing how Ray Kroc’s idea of franchising McDonald’s restaurants revolutionized the fast food industry; his innovative concept allowed for rapid expansion and mass production which then helped propel the brand towards becoming one of the most successful companies in history.
This approach allows companies to make incremental improvements to their products/services, without having to spend a lot of money or time. An example from The Founder can be seen when Dick and Mac McDonald refined their cooking process so that it could be replicated at different locations with consistent results – a seemingly minor adjustment which ultimately played a major role in setting them apart from other competitors.
In today’s world, incremental innovation is being used to advance many industries such as automotive where self-driving features are becoming increasingly common or healthcare where electronic medical records are now being adopted more widely. The advances we make allow us to continue improving existing technologies, while also positioning us better for the future.