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Founders, Executives and Management Thinkers

Ray Kroc

Also Known As Raymond Albert Kroc
Founder and Executive

An American businessman who worked as a milkshake mixer salesman before partnering with the McDonald brothers in 1955 to franchise their restaurant concept nationally. He founded McDonald's Corporation, bought out the brothers' interest in the business in 1961, and built McDonald's into the model franchised restaurant chain business literature most commonly cites. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts
Birth Date
1902-10-05 1
Birth Year
1902 2
Death Date
1984-01-14 1
Death Year
1984 2
Birthplace
Oak Park, Illinois, U.S. 2
Death Place
San Diego, California, U.S. 1
Nationality
American 2
Defining Contribution
Partnered with the McDonald brothers in 1955 as their franchising agent, founded McDonald's Corporation, and built it into a global fast food chain. 2
Notable Work
McDonald's 1
Connections

Associated With

Entrepreneurship, Practice Disciplines

Ray Kroc acquired the franchising rights to McDonald's in 1954 and built the McDonald's Corporation into a defining example of franchise-based entrepreneurship.

Source Wikipedia, Ray Kroc
Franchising, Business Models

Ray Kroc built McDonalds into a global chain by turning it into a franchise operation, the defining example of the franchising model in the fast-food industry.

Source Wikipedia, Ray Kroc
Restaurant Industry, Industries

Ray Kroc built McDonald's into the defining franchise case that shaped the modern restaurant industry.

Source Wikipedia, Ray Kroc
Richard McDonald, Founders, Executives and Management Thinkers

Kroc partnered with Richard and Maurice McDonald as their franchising agent starting in 1955, then bought out the brothers in 1961 for the McDonald's name and system.

Source Wikipedia, Ray Kroc

Companies Founded

McDonald's Corporation, Companies and Brands

Partnered with the McDonald brothers in 1955, founded McDonald's Corporation, and bought out the brothers' interest in 1961.

Source Wikipedia, Ray Kroc

Companies Led

McDonald's Corporation, Companies and Brands

Kroc served as the corporation's chairman and chief executive after acquiring the McDonald brothers' franchising rights in 1961.

Source Wikipedia, Ray Kroc
In the Other Atlases
Sources
1. Wikipedia, Ray Kroc
  • Lead section, sentence 1
    turning McDonald's into the most successful global fast food corporation
  • Infobox, birth_name
    Raymond Albert Kroc
  • Infobox, death_place
    San Diego, California, U.S.
  • Infobox, birth_date
    1902-10-05
  • Infobox, death_date
    1984-01-14
View the Source
2. Wikipedia, Ray Kroc
Wikipedia
  • lead section
    Raymond Albert Kroc was an American businessman who acquired the McDonald's chain of fast-food restaurants.
  • infobox
  • Associated With: Restaurant Industry, Introduction / McDonald's franchising section
    Ray Kroc transformed McDonald's from a single hamburger stand into the world's largest restaurant chain by franchise.
  • Companies Led: McDonald's Corporation
  • Associated With: Entrepreneurship
  • Associated With: Franchising
  • Associated With: Richard McDonald
View the Source

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