Assignment: Your Own Franchise
Imagine you are going to purchase a franchise of your choice
Write a six to eight page paper in which you.
1. Decide on the franchise you would to purchase. Briefly describe the franchise.
2. Select any two resources, such as Appendix A (Entrepreneur Magazine: http:/www.entrepreneur.com , "SUCCESS:"
http//www.successmagazing.com , Franchise UPDATE: http:/www.franchise-update.com , Franchise Times:
https://wwwfranchise times.com , USA Today: www.usatoday.com , Wall Street Journal: www.wsj.com ,Dun & Bradstreet Information Service: www.dnb.com ,
The Forbes Group: www.forbesgroup.com) and other resources you are familiar with or research. Discuss why you selected the ones you did over others and evaluate the information provided and how it helps you to make informed decision regarding the franchise.
3. Summarize two pros and two cons of being a franchisee for this particular company.
4. Establish the three levels of administration (strategic, administrative, and operations) to support the franchise.
5. Outline a training program you will implement once you become a franchisee.
6. Use at least two quality academic sources to support your answers. NOTE: Wikipedia and other Websites do not qualify as academic resources.
The specific course learning outcomes associated with this assignment are:
. Analyze the advantages and disadvantages of franchising for both the franchisor and franchisee and the different components of the franchise business plan.
. Discuss the functions of franchise management and the principles important to franchising.
. Use technology and information resources to research issues in chain management and franchising.
. Write clearly and concisely about chain management and franchising using proper writing franchising.