We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>


Looking For Something at vustudents.ning.com? Click Here to Search

LEARNING OBJECTIVE:

  • The core objective of this activity is to make the students familiar with the basic concept and use of Franchising and in the day to day businesses.

LEARNING OUTCOMES:

  • After this activity, students will become more aware of the practical use of these concepts, also they will have exposure to the real time scenario, and implementation of these tools.

THE CASE:

Franchising At McDonald’s Corporation

 

McDonald's Corporation’ a largest hamburger fast food restaurant chain in the world that serves in more than 68 million customers in about 119 countries across 35,000 outlets. McDonald's restaurants are being operated by a corporation, franchisee or franchise that tries to recruit, train and motivate its workforce to learn human resource skills. The commitment of McDonald’s with its franchisees not only recruits or trains but also recognizes the profitability and its success. McDonald's gets its revenues from the fee paid by its franchisees and company-operated restaurants which are owned by the corporation itself but mostly, the franchisee does not own the location of its restaurants.

 

REQUIREMENT:

 

Being a business student, give your opinion on how franchising enables the growth of a corporation like McDonald’s and provide an ongoing support to its franchisees?

 

Student’s Guide

1.  Keep you discussion with the mentioned scenario and irrelevant answers and material will not be graded. 

2.  Be careful from those blogs who are promoting cheating culture among our students and killing their creativity and critical thinking. Answers copied from such blogs will be straightaway marked as zero. Similarly any relevant or irrelevant material copied from internet sources will get the same treatment. It can seriously damage your grades.

Note:

For acquiring the relevant knowledge, do not rely only on handouts but also watch the course video lectures and read additional material available online or in any other mode.

Important Instructions:

  • Your discussion must be based on logical facts.
  • The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
  • Use the font style “Times New Roman” and font size “12”.
  • Your answer should be relevant to the topic i.e. clear and concise.
  • Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  • Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
  • You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
  • Obnoxious or ignoble answer should be strictly avoided.
  • You cannot participate in the discussion after the due date via email.
  • Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  • For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

Note related to load shedding: Please be proactive

Dear students!

As you know that Post Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

+ Click Here To Join also Our facebook study Group.

..How to Join Subject Study Groups & Get Helping Material?..


See Your Saved Posts Timeline

Views: 1680

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

Replies to This Discussion

come on guyz lets start discussion

kio btaye ga is ka solution

 

No discussion yet?????????????

Importance of your plan

The management of any business is a highly creative activity. The management of a franchise company, because of the differing relationship realities in a franchise system, is even more so. Starting, developing and managing for growth requires a wide variety of skills and qualities. It requires more than just the expertise involved in the operations of business, even with a good measure of hard work, dedication, and commitment.

If the business is of any size, you will be proportionately dependent on the skills and knowledge of others, both internally and externally. The role of the entrepreneur, or chief executive, may be seen as controlling a variety of factors, ensuring that they function effectively and cohesively. A good business plan is essential to achieving those aims.

Possessing a good business plan is no guarantee of success, nor of avoiding failure. Often the cause of failure is that owners and managers did not anticipate quite simple factors that could have been foreseen. These may include misunderstanding the market, not having enough money or lacking clear objectives.

Another cause of failure may be that the development of the business plan was viewed simply as an exercise in itself, and also that the business planning process and the ultimate plan were not used as tools for managing the business.

By itself, a business plan won't overcome any of these common faults. But often the process of formulating one, and of having to expose issues and assumptions to detailed formal scrutiny, can ensure that weak points are identified early enough to make positive changes.

Business plans are also an essential tool in working with bankers and investors in maintaining existing relationships and in beginning new ones. But, all business plans, whether developed primarily for internal use in managing the business or prepared for third party review, should follow the same guidelines. And those guidelines are accuracy, reasonableness, and completeness.

This summary combines various attributes which typically are included in different types of business presentations: offering memorandums prepared for investors, internal business plans prepared as a summary of the business and its future activities, and strategic plans which are considerably more in depth than other types of business presentations. Even where the intended final written document is limited in scope, franchisors should progress through the process as if the intended document is a strategic plan. This will enable them to fully review every aspect of the business, measure its effect and benefits, and plan

Saloution find kro apna apna last may mai send kro ga

Franchisees plays important role in growth of big multinational food chain like McDonald's. McDonald's corporation sold rights to different franchisees to open restaurant in different cities. Those franchisees gave certain percentage of sales most as franchisees fee which adds in revenue of McDonald's cooperation. Franchisees are also bound to purchase restaurant building material , equipment and raw food from certain McDonald's approved suppliers. This also helps McDonald's cooperation to revenue income as those suppliers gave certain sales percentage to cooperation.
McDonald's cooperation provides ongoing support to its franchises in different areas like training of managers, raw and finish food supplier , advertisement, equipment suppliers. McDonald's cooperation business heads of various department like operations, supply chain, construction, marketing visit regularly franchises market and give them support and training to growth business as per McDonald's standards.

RSS

Latest Activity

+ M.Tariq Malik added a discussion to the group MCM611 Seminar on Contemporary Issues in Media
2 minutes ago
+ M.Tariq Malik added a discussion to the group MCM610 Mass Communication Law & Ethics
3 minutes ago
+ M.Tariq Malik added a discussion to the group MCM604 International Communication
3 minutes ago
+ M.Tariq Malik added a discussion to the group MCM601 Media Management
3 minutes ago
+ M.Tariq Malik added a discussion to the group MCM532 Magazine Journalism
3 minutes ago
+ M.Tariq Malik added a discussion to the group MCM531 Community Journalism
3 minutes ago
+ M.Tariq Malik added a discussion to the group MCM520 Contemporary Mass Media
4 minutes ago
+ M.Tariq Malik added a discussion to the group MCM517 Online Journalism
4 minutes ago

Today Top Members 

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service