Laryssa Wu Is a Bright, Hard-Working, and Responsible Young Woman

question 126

True/False

Laryssa Wu is a bright, hard-working, and responsible young woman who has always wanted to own a business. However, she realizes that she lacks training and experience in some areas of running a business and doesn't have confidence in her ability to start a new company from scratch. She also is nervous about the amount of risk involved in business ownership. These concerns suggest that Laryssa might be interested in becoming a franchisee in a business format franchise.

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Definitions:

Teamwork and Empowerment

The collaborative effort of a group combined with giving individuals the authority and responsibility to make decisions within their areas of expertise.

Crisis Management Program

A crisis management program is a planned and structured approach an organization undertakes to anticipate, assess, handle, and recover from potential crises.

Visionary Leadership

Leadership that is characterized by a clear vision, the ability to see what others do not, and the capacity to guide others towards the realization of that vision.

Continuous Improvement

A continual push to refine products, services, or processes via step-by-step and transformative improvements.