Expert answer:Case study

Answer & Explanation:Growth, Innovation, Sustainability, and SuccessionReport and Presentation: Growth, Innovation,
Sustainability, and Succession
Using the following
scenario and template, evaluate the three growth strategies (company-owned,
franchise, and joint venture). You must identify within the scenario, from the
course materials and your outside research the information necessary to
complete the template. Once completed, you must analyze the findings to
determine which strategy aligns best with the owner’s goals for succession
planning and sustainability, and address the role of innovation in achieving
the owner’s goals.
You will present your
findings in a two- to three-page report, not including the cover, references,
or the template (which must be attached to the report as an exhibit). The final
paper must be in APA format.  A template
has been provided in the Assignments Folder for the Final Report that you can
use or you can create your own.
small_business___final_case_study.doc

Unformatted Attachment Preview

BMGT 335
Report and Presentation: Growth, Innovation, Sustainability, and Succession
Using the following scenario and template, evaluate the three growth
strategies (company-owned, franchise, and joint venture). You must identify
within the scenario, from the course materials and your outside research the
information necessary to complete the template. Once completed, you must
analyze the findings to determine which strategy aligns best with the
owner’s goals for succession planning and sustainability, and address the
role of innovation in achieving the owner’s goals.
You will present your findings in a two- to three-page report, not including
the cover, references, or the template (which must be attached to the report
as an exhibit). The final paper must be in APA format. A template has been
provided in the Assignments Folder for the Final Report that you can use or
you can create your own.
SCENARIO
Three friends from high school with a common passion for cars decided to
pursue their interest and formed Three Guys Garage (TGG). The team
pooled their savings and acquired an SBA loan for $300,000 to open their
shop in 2008, and it has evolved into a successful business in a Philadelphia
suburb. Sales have grown to $2.3M in 2011 and are on pace to exceed
$2.5M by the end of the year. The business offers full-service auto repair as
well as classic car restoration services and coordination. Karl, Ben and Rick
have been so focused on establishing the business and growing it to a
sustainable level that little though has been given to a “go-forward” plan.
Karl, who serves as company president commented, “We need to continue
growing TGG understanding that each of us has different personal goals.”
Karl really wants to see the brand grow into a national chain. Ben is
concerned about loss of control on the quality of the operation from an
aggressive growth plan. Rick is not sure the business model is fully
transferable and that they have to keep very tight controls on their costs to
maintain a reasonable profit margin.
The team started working with a business coach to begin working on an
updated business plan and a strategy for expansion. From their analysis it
was clear that the business model they had built could be successful in
multiple locations. Over the last few years they had been approached by
several customers asking if they offered a franchise or would be interested in
expanding, but the team has no knowledge or understanding of if or how that
might work. They have also been approached by an investor who has
offered to fund their expansion but the team didn’t know how to respond,
telling him they would keep his information in case it was of interest in the
future. Also, each of the partners has a salary they are taking from the
business but now there is also some interest in taking some of the retained
earnings out as profit distributions. Karl and Ben want to reinvest those
profits into expansion but Rick wants to make some personal investments.
The team is also facing some necessary investments in new technology that
is required to service the newer cars that are starting to come out of
warranty. While the business can continue without those technology
investments it might limit the growth potential and options. Finally, Karl’s
son decided not to go to college but work in the business and has progressed
to a senior mechanic. He has been indicating to the team that he might want
to go back to college for a business degree to be better prepared to support
the business. Ben’s wife is the company’s bookkeeper and Rick’s daughter
handles the marketing.
As the team continues their meetings with the business coach they have are
struggling to reconcile these issues and create a “go-forward” business plan
they can all agree to.
TEMPLATE
COMPANY-OWNED
PROS:
• –
• –
• CONS:
• –
• –
• –
FRANCHISE
PROS:
1.
–
JOINT VENTURE
PROS:
1.
–
2.
–
2.
–
3.
–
3.
–
CONS:
1.
–
CONS:
1.
–
2.
–
2.
–
3.
–
3.
–
…
Purchase answer to see full
attachment

How it works

1. Paste your instructions in the instructions box. You can also attach an instructions file
2. Select the writer category, deadline, education level and review the instructions 
3. Make a payment for the order to be assignment to a writer
4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades