Why Would a Franchise System Monitor Its External Environment

question 9

Multiple Choice

Why would a franchise system monitor its external environment?

• A)to identify factors which may pose major threats to or provide significant opportunities for the franchise system.
• B)to develop a set of objectives to fit the mission and overall goals of the franchise system.
• C)to concentrate resources outside of the firm more than inside of the firm.
• D)to second-guess what its suppliers intend to do next.

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Definitions:

Employee Attitudes

The feelings and sentiments employees hold about their work, workplace, and organizational practices.

Survey Feedback

A process used in organizational development where data is collected through surveys and then fed back to the participants with the aim of facilitating change or improvement.

Effective Guidelines

Are clear, actionable, and well-communicated principles or rules designed to achieve desired outcomes efficiently.

Organization Development

A planned effort to increase an organization's effectiveness and health through interventions in its processes, aiming at improving overall performance.