The document provides an overview of McDonald's corporation. It began in 1940 as a barbecue drive-in restaurant in California. By 1958, McDonald's had sold its 100 millionth hamburger. Today it is one of the largest fast food chains worldwide, operating through franchises and corporate-owned restaurants. McDonald's aims to be the leading global fast food provider with a focus on quality, service, cleanliness and value. It has achieved success through low-cost leadership and product differentiation strategies.