Concept explainers
Case summary: Company F is in a business of quick service dinning. Company 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. Person MC the founder of the company wants to make healthy living easier. With this objective in mind, Person MC opened the restaurant. Now, Person MC allows franchise only to those individuals who have the same passion. Company F uses flat organizational structure. Company Flat structure removes many layer of management. There is no necessary formal structure. The member of team also works on standing desk. Company Franchise of Company F also uses same flat structure and have same environment. Today, franchise of Company F is spreading faster. In this fast moving world, Company F has maintained its core value.
Characters in the case: Company F and Person MC.
Adequate information:
Company F was founded in 2005. It is now in 300 locations worldwide. Company F receives 4,000 franchise applications yearly.
To determine: Whether the corporate culture at Company F is somewhat resistant to change or accepting of change and reason for it.
Want to see the full answer?
Check out a sample textbook solutionChapter 8 Solutions
EBK UNDERSTANDING BUSINESS
- How can the 80/20 apply to a restaurant setting? How can building a customer relationship help a restaurant?arrow_forwardImagine that the start-up company that you proposed to create for your assignment is very successful in twenty years and a large component of it becomes virtual. Outline the focus of your start-up company, its products and services, and its customers. Describe three factors that could make a significant part of the start-up company operations to become virtual. Describe two ways you would manage the virtual component of your business.arrow_forwardHow has Panera Bread’s unique position in the restaurant industry contributed to the firm’s success?arrow_forward
- Which business organization entity is preferable for the following business: local family owned and operated farmer’s market in Small Town, USA; purchases produce from local farmers/growers; parents are financing venture; five children are to run business and conduct daily operations? Explain your answer.arrow_forwardWhat is organizational effectiveness? Suppose you are leading a new social venture that aims to help reduce illiteracy. How would you measure the effectiveness of your social venture? What metrics would you use? Why do you think a multi-dimensional approach of effectiveness is appropriate for social ventures? Efficiency is also discussed in this chapter. Based on your understanding of effectiveness and efficiency, explain when a social venture is effective and efficient. Can a social venture be effective without being efficient or vice versa? Provide examples as appropriate.arrow_forwardWhat does continuous improvement and sanctification of one's life look like within a business venture? How do you serve your customers and remain a good steward of the resources God has entrusted you with? How do you utilize God’s wisdom in the overall management of the resources in your organization?arrow_forward
- Explore the UPS website (www.ups.com) and answer the following question: What kind of information and services does the website provides for individuals, small businesses, and large businesses? List these services and write several paragraphs describing one of them. Such as UPS Trade Direct or Automated Shipment Processing. Explain how you or your business would benefit from the service.arrow_forwardFloral and Festive Ltd. is an event management organization, and you are the owner. Recently because of your previous work, fantastic reviews and growing orders for organizing events you have decided to employ someone to whom you can delegate your mounting workload. Hence you conducted an interview of three candidates. Explain with example any five types of biases that you as manager may face in your decision to employ a candidate among the three.arrow_forwardEzzee solutions, a business consulting company, is embarking on implementing an Information System to integrate accounting, finance, marketing, production and human resource management within the organization. It provides the information an organization needs for efficient operations, effective managerial decision-making and a competitive advantage. You have been appointed to conduct training to the staff at Ezzee solutions on the details of the information system. Your presentation would include the following aspects. Discuss in detail any five benefits an Information System offers to the organization like Ezzee solutions.arrow_forward
- Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.arrow_forwardA lot of people around the world love to travel. How about you? Have you visited other countries, or do you hope to visit other countries some day? For those who do travel outside their home country, travel advice guides can be quite valuable. Lonely Planet, an Australian company, has set the benchmark for providing accurate, up - to - date travel guides that have accompanied millions of travelers on their journeys worldwide. 74 Lonely Planet was started by husband - and - wife team Tony and Maureen Wheeler who, in 1971, after Tony finished graduate school in London, decided to embark on an adventurous trip before settling into "real" jobs. They drove through Europe armed with a few maps and sold their car in Afghanistan. From there, they contin ued their journey using local buses, trains, and boats or by hitchhiking whenever they needed to keep within their daily budget of $ 6 AUD. Their nine - month journey took them through Pakistan, Kashmir, India, Nepal, Thailand, Malaysia, and…arrow_forwardYou as entrepreneur, elaborate on your personal abilities based on the following items. 1. Ability to generate new methods of services.arrow_forward
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning