Mike Is Considering Opening a Barbecue Restaurant

question 49

Essay

Mike is considering opening a barbecue restaurant.He can either design his own,or obtain a franchise for a Bubba's Roadkill Barbecue House (which does not actually serve roadkill!)What factors should Mike consider in deciding which course of action to take?

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Definitions:

Strategic Planning

The process of defining a direction for an organization by setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.

Organizational Direction

The guidance or strategy that a company or organization follows to achieve its goals and objectives.

Repetition of Activities

The act of performing the same tasks or procedures multiple times to achieve consistency, proficiency, or for reinforcement.

Critical Thinking Skills

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments, and solve problems.