Who’s in charge here? Watch the video below, and then answer the discussion ques
ID: 450340 • Letter: W
Question
Who’s in charge here? Watch the video below, and then answer the discussion question that follows. https://www.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/24290031/entry_id/1_rra3h15g/embed/iframe?&flashvars[streamerType]=auto Write a Memo to Jennifer about the key topics you would cover in your training so employees understand & can explain the different forms of business ownership. Now be sure to explain the various forms of ownerships. Pick one form of ownership you believe is the most important for liaisons to understand and explain why the form is important.Explanation / Answer
To : Jennifer
From: Name of Sender
Subject: Business ownerships topics
I am a consultant and an experiened trainer in business management for the past 15 yrs. I came to know that you are in search for an intensive training regarding business onwership for your employees. training on ownership could give your employees better insight on customer related requirements and contract agreements to be aligned with the business deals. The training can be conducted for one full day and once you finalised let me know the available slots so that I can plan accordingly.
The topics that I will cover on these business ownership would be : Type of ownerships, What are the key features of each ownerships, What are the kind of agreement and contracts associated with each ownership types. The training will cover all these above topics in depth and it will be an interacive session with Q&A.
Cost associated with training can be discussed in detail. Feel free to contact me on my number given in the signature below.
Thanks & Regards
Name & Phone Num
Business Ownerships
Type of Business ownerships are
I will choose one type of Ownership for a detailed discussion.
Franchising
It is a form of business ownership that is very commonly used in current scenario where owners of business ( Franchisor) sell all the rights that includes business logo, name and business model to a third party ( franchisee) .Franchisee will operate the business model as per the standarnds and business norms/agreements proposed by the franchisor.To start or invest for a franchising business, the franchise have to pay an initial fee to the franchisor for the rights to business, equipments and training.After starting the business franchisee have to generally pay to the franshior on quarterly or yearly basis and the amount is clled franchisor fee.Reputable franchisor conduct markt surveys or research before giving the ownership right to the franchisor
Franchisee has the benfit to starts a business with an existing brand , so that he dont have to spend much for promotional activities. Franchisor at the same time can expand his business through these ownsership transfer under proper norms and conditions.The franchisee will not have as much control over the franchisee business as he would not have over his own business model. Minimum staff strenght, Space required and quality standards, price of the product everything has to be stricltly followed under the norms generated by the franchisee.
Eg: KFC, McDonalds. Most of their outlets across the global are run via franchisee model.
It helps in expanding business and reaching brand across the global.Both parties are mutually benefited and its very transparent and safe type of businss ownership.Franchisee agreement will be renewed on regular basis ( say 1 year or 5 yr contract).If there is any breach of contract franchisor has the right to withdraw the franchisee business from franchisor.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.