As an individual assignment, you will need to pick-up a franchise company of your choice that: Is listed in the Entrepreneur 500 ranking ( https://www.entrepreneur.com/franchise500/2020 )·
Pick-up a franchise company of your choice
As an individual assignment, you will need to pick-up a franchise company of your choice that:
· Is listed in the Entrepreneur 500 ranking ( https://www.entrepreneur.com/franchise500/2020 )
· And that is experienced a domestic or international rapid growth.
You will develop and submit an audit report reviewing the basic Strategic steps the company has followed from inception to present: The original idea, the Mission, Vision and Values of the company, the specific Market segments it is targeting, the Business opportunity for growth, the competitor’s, environmental and SWOT analysis, its main competitive advantages and the company 5 year Strategic Objectives.
You will need to:
· Apply and highlight the concepts and theories learned in the course
· Identify areas of improvement you may find whilst auditing the company
Firstly, Wordcount: Between 3000-3500 words.
Secondly, Cover, Table of Contents, References and Appendix are exclude d of the total wordcount.
Thirdly, Font: Arial 12,5 pts.
Fourthly, Text alignment: Justified.
Finally, The in-text References and the Bibliography have to be in Harvard’s citation style.
It assesses the following learning outcomes:
Firstly, Analyze and explain the concepts, principles and practices associated with strategy formulation and implementation.
Secondly, Demonstrate an understanding of the complexities of strategic management.
Thirdly, Conduct and present a credible business analysis.
What is a franchise business?
A franchise business is a business in which the owners, or “franchisors”, sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called “franchisees”. Franchises are an extremely common way of doing business.
Finally, What are the top 10 franchises?
Investment includes franchise fees and startup expenses like real estate and supplies.
Read on for Entrepreneur’s take on the top 10 franchises in the US in 2019.
Sonic Drive-In. …
Taco Bell. …
The UPS Store. …
Planet Fitness. …
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