Understanding Business
Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
bartleby

Concept explainers

Question
Book Icon
Chapter 8, Problem 2VC
Summary Introduction

Case summary:

F is in a business of quick service dinning. F is the fastest growing restaurant business and receives 4,000 applications every year for franchise. It offers burritos, wraps, soup, salads and other foods also. MC the founder of the company wants to make healthy living easier. With this objective in mind, MC opened the restaurant. Now, MC allows franchise only to those individuals who have the same passion. F uses flat organizational structure. Flat structure removes many layer of management. There is no necessary formal structure. The member of team also works on standing desk. Franchise of F also uses same flat structure and have same environment. Today, franchise of F is spreading faster. In this fast moving world, F has maintained its core value.

Characters in the case: F Company and Person MC.

Adequate information: F Company was founded in 2005. It is now in 300 locations worldwide. F receives 4,000 franchise applications yearly.

To determine: Whether decision making is centralized or decentralized and the meaning of it for the company’s operations.

Blurred answer
Students have asked these similar questions
To overcome problems with strategic alignment of CSV, firms should?
Similar to insurance companies, financial institutions such as banks view risk management as critical to the success and viability of their business and have therefore adopted strategies to manage the risks they are exposed to.  Explain 5 operational risks and give two examples of such risks faced by management at financial institutions. explain the importance of establishing an effective risk management policy at financial institutions to manage operational risks, giving one example of a risk management strategy used by financial institutions to mitigate such risks. Discuss the role of the Core Principles of Effective Bank Supervision as it relates to operational risks, in the effective management of financial institutions?
If a article discusses Dyson’s decision to terminate its business relationship with Malaysian supplier ATA IMS Berhad due to concerns over labor practices. Key points include: 1. Termination of Contracts – Dyson, which contributed nearly 80% of ATA’s revenue, ended all three contracts (tooling, goods & services, and contract manufacturing) after an audit revealed labor violations. ATA’s stock value dropped significantly following the news. 2. Labor Violations & Investigations – Allegations included excessive overtime, debt bondage through recruitment fees, forced labor, and mistreatment of workers, including reports of a former worker being taken to the police station and beaten. U.S. authorities were also investigating ATA, reflecting broader concerns over forced labor in Malaysia. 3. Impact & Reactions – The termination affects thousands of workers, most of whom are migrant laborers. Activists called for Dyson to take responsibility for worker remediation. The…
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L