Using examples, explain how franchising works. How is franchising different from licensing? Franchising is a business model with contractual entry which enable many different entrepreneurs or franchisees to share a single brand name, trademarks, strategies and other assistance like training and advertising with the franchiser by paying an initial fee and continuous royalties based on the franchising agreement. It allows the parent company to expand their market coverage with more branches or stores
3. What Would You Recommend to the Entrepreneurs to Improve the Business Plan? I would recommend that the EcoGenix introduces its financial plan in the business plan. The financial plan would evaluate and present investment opportunities available. In addition, the financial investment enables the organization estimate its financial requirement and viability. For example the financial plan would contain the pro forma statement, break even chart, and cost control The pro forma income statement uses
Levendary Café is a successful chain café that is comprised of 3,500 domestic stores. This chain was distinguished by two elements: wholesome soups, salads, and sandwiches using high quality ingredients, and a commitment to service in a comfortable, friendly environment. (1) The chefs were all classically trained and many were from top culinary schools, like the Culinary Institute of America. These chefs took pride in what they created, and the food they created was designed to be gourmet. Customers
expenses on each process that is operation and production cost and further investment. Thus, a management accountant has to review ancient data to prepare an exact prediction of a year’s future expenditures. Budget ensures coordination between the entrepreneur and his employees in executing all the plans for the year
speciality coffee and beverages across the globe. Starbucks currently operates in 65 countries with over 21000 Starbucks stores . Starbucks was founded in 1971 by Jerry Baldwin, Zel Siegel and Gordon Bowker who were inspired by a coffee roasting entrepreneur Alfred Peet. This store was of great success and by the year 1980 the company had owned 4 more stores around the Seattle region. Starbucks is headquartered in Seattle, Washington, United States of America. Starbucks product line includes a variety
Final Paper - HR Recruiting – Information Security Analyst at Staples Ahmed Omar United States University Course MGT504 – HR Leadership 08/21/2017 Final Paper - HR Recruiting – Information Security Analyst at Staples Executive Summary Staples Inc. is one of the global industry leaders for office supplies. The corporate headquarters of the company is located in Framingham, Massachusetts. They also do business extensively on an enterprise level with organizations in the United States and Canada
My Life: Nick Vujicic Nick Vujicic is a man who was born with a rare condition called Tetra-amelia syndrome, which basically means he has no arms or legs. He has a little stump which he calls his chicken drum stick. Without arms and legs Nick manages to cope with the challenge of everyday life without complaining. He is a happy man who is married and has a child. Nick is a motivational speaker, where he talks about the issues we face in life and how to overcome them through faith in God. Nick
Pierre Bourdieu is a French Sociologist who argued that high class people want to show off their power and authority by exhibiting more “snobbish” or exclusive tastes, such as classical music, vocal music, and etc. He was interested in the media, taste, arts, status, and high culture which are the “snob model”. Music has a lot of functions in social life, such as making solidarities and empowering political resistance. Music involve in a variety ways in people’s life and outlook. Additionally, music
some of the traits that they both possess are learned and picked-up on throughout life experiences. Both of these gentlemen shaved some similar traits and leadership characteristics, but led different lifestyles in many ways. Schultz, an inspired entrepreneur, when it came to a passion of his that were coffee beans and the process of making coffee. Unlike Jones who had a knack and a great ability to get others to follow, believe and respect him in all his life endeavors. Shultz didn’t have the most
MYERS-BRIGGS TEST INDICATOR(MBTI) Myers-Briggs Test Indicator helps a personality to understand the factors of how the information is focused to the attention, perceived, then making decisions and dealing the things with the surroundings. The four dimensions of the personality test are following; INTROVERSION OR EXTROVERSION: Introversion would mean that a person is not open minded to express the feelings out and just hiding them within itself. But this wouldn’t work out, people couldn’t understand