A franchise is a form of business organization in which a firm already has a successful product or service, ("Investorsword.com", 2012). The franchisor then enters into a continuing contractual relationship with other businesses for the use of their product or service for a fee. A franchise would be an excellent choice for an individual who has the funds to start up a business. Starting up a business is a high risk taker because one doesn’t know what to expect. With a franchise the risk is somewhat lower because the business has already proven itself to be successful.
The corporation has a strong internal environment that makes it succeed in its business venture, which shuns away other players while maintaining both profitability and competitiveness. Its main competitors include Regis Slaons, Macy’s, and Sephora. In this regard, this paper seeks to analyse the company’s potential by scrutinising the internal environment, corporate resources, competence, and other attributes that depict its strength and weaknesses in under the SWOT analysis. Internal Environmental Analysis The company has adopted various measures that enhance its competitive nature embracing different procedures and policies. It has also improved the management department by providing suitable measures that define goals and objectives of the company for it to attain increased returns (Fukuoka et al., 2012).
LIT1 Task 310.2.1-05 Part A and B Starting a business can be tough for anyone especially in this economy but the first step is to find the right business organization. The options are a sole proprietorship, a partnership, a corporation or a limited liability company. After deciding on which business organization you choose to be with then the next step is to weigh the pros and cons of each business organization to see which option would lead to the best chance of profits and success. Sole Proprietorship Sole proprietorships have been the most common option for many people starting out a new business. An individual is able to use his/her legal name for the business or come up with a different name as long as he/she files a d.b.a.
When comparing and contrasting the progression of their careers, they both strongly depict attitudes and behaviours of a successful entrepreneur. Their unique leadership styles were instrumental in shaping them as prominent figures of their respective countries. Mr. Booth a self made businessman in the log industry, with an estimated fortune of 100 million (year 1925), was addressed as “one of the fathers of Canada” by Prime Minister William Lyon Mackenzie King. Similarly, Mr. Weyerhaeuser started business in the log industry with a little investment of $500 dollars. He emerged as the wealthiest private individual in early twentieth century, and earned the title of “Lumber King” .
He also went on to mention that he was in need for an individual who is knowledgeable about his business. Gail Bennett’s presentation stood out and made Mr. Matthews realize that Putnam, Rhodes and Shafer accounting firm has a team of auditors who are highly efficient and specialized within his business industry. The audit team at Putnam, Rhodes and Shafer prepared a proposal to achieve the deal with Cable Co. the proposal was a professional document that included several accomplishments through their professional expertise. One of the more appealing parts of their proposal was the information that they included on their knowledge of mergers and acquisitions. This proposal was able to provide Cable Co. with the knowledge of how the accounting firm will bring value to their company.
Performance Management Framework Romonda M Harrison HRM/531 March 24, 2014 Performance Management Framework Introduction Creating a performance management framework ensures that Clapton Commercial Construction will achieve its business venture goals. A critical tool for a company is its performance management. It gives the employees an opportunity to succeed and for the organization to prosper. Outlined are recommendations that we here at Atwood and Allen consulting feel should be utilized to maximize the potential this company has. Performance Management For any business to be successful it is imperative that they implement a performance management framework.
Strategic Plan: Part II Anonymous BUS/475 February 23, 2000 n.a. Strategic Plan: Phase II Several trends and forces, both external and internal factors can lead businesses on different pathways. Trends and forces are necessities that must be analyzed by organization and fostered as a tool to increase revenue. Organizations that respond and react to changes and modify their strategic plan when necessary will remain superior in the industry and competition. In order for a business to thrive in today’s shifting business environment, the administration of that particular organization must have the capability to respond to changes in the trends and forces in the business setting.
Case1 The goals of this case is to Searching for Byte alternative solutions to feed the increasing demand of its products so can it enable the corporation to maintain a market share also the Ethical dilemma regarding the company vs. Plainville , in addition to highlighting the social responsibilities of corporations that are for the most part considering profit maximization as their primary goal. Additionally, illustrating how the outside directors of the board can play an active role by avoiding groupthink and raising genuine concerns over management decisions by using their unbiased judgment and thereby providing efficient leadership to the company. Suggestions for settling the corporation impasse they can to return to the white board, searching for other solutions that capable to soothe the situation and finding way out to this impasse such as buying a small competitor or extending the business , Maybe Bytes Products and the competitor can enter into strategic alliances and building a new plant in the area may not be needed also According to Carroll’s four responsibilities of Business, Byte is already following the first two responsibilities, Economic: producing electronic components to meet the demand so that Byte could repay its stakeholders; Legal: follow accordingly to the regulation of the state. Hence to compromise for the present impasse, Byte has to follow the last two responsibilities which are Ethic and Discretionary. Byte has to tell its potential employees and town administrator about this temporary operation so that they can plan for their set back when the plant closed in the future.
Business Research Ethics Maria Mendoza Suarez RES 351 January 27, 2014 Dr. Michael Gemignani Business Research Ethics In business research, ethics is an important component to fulfilling ultimate success. According to Cooper and Schindler (2011), the objective of ethics of research “is to ensure that no one is harmed or suffers adverse consequences from research activities” (p. 32). Research pressure and ambition can be influential factors for individuals and businesses alike to commit unethical misconduct in business research. There are cases that do not follow such procedures, such as Professor Eric T. Poehlman. Individuals with an academic background and an important role in scientific research are not the exception.
The Chubb Group – Controlling as a Management Function Now that you have been introduced to Chubb as a premier insurance carrier, let us examine their global viability and leadership and management style which influence the company’s overall culture. Given what you know about Chubb, what type of management style do you think the leadership team advocates: Clan Control, Market Control or Bureaucratic Control? If you were the CEO of the 11th largest property and casualty insurance carrier, how would you manage your global organization that spans twenty-eight countries? What role does leadership and management play in developing a healthy organization? What is the difference between leadership and management?