McDonald's was founded in 1940 as a barbecue restaurant and became a franchise under Ray Kroc in 1955. It now operates over 36,000 outlets serving 68 million customers daily in 119 countries. McDonald's strengths include quality and affordable products while weaknesses are poor delivery and unhealthiness. Opportunities are expanding markets and new products while threats include regulations, consumer preferences, and competition. McDonald's brand promise is speed and quality, and it aims to unify communications across channels. Core values include valuing customers and quality though these have evolved, and brand equity has grown through diversifying menus worldwide over time. Potential future risks include health concerns.