Securing venture capital to finance


Problem: Jack and Jenny have discussed two possible avenues to grow and expand Sandwich Blitz, Inc.

One possible strategy would be to franchise locations and another would be to secure venture capital to finance an internal expansion by opening more company-owned shops.

Jack feels that he just doesn't have time to investigate these options because he is spending an increasing amount of his time assisting the location managers. Jenny noted that two of the location managers had exhibited much skill in the management of their locations and perhaps a new position could be added to coordinate with the location managers, thus freeing Jack to work on these larger under the section on authority, please respond to the following questions:

Question 1. How would creating a new position between the CEO and the location managers help the business to grow?

Question 2. Is promoting an existing manager the best place to fill this position? If not, what is an alternative source to fill the position?

Question 3. Who within the company should make these decisions?

Question 4. List the levels of authority (management) that Sandwich Blitz, Inc. would have if the new position is created.

500 to 550 words.

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