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Because of the Growth of Minority-Owned Businesses in the U

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Because of the growth of minority-owned businesses in the U.S., franchisors are becoming more focused on recruiting minority franchisees.

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Definitions:

Mission Statement

A concise declaration of an organization's core purpose and focus that informs its strategies, decisions, and operations to guide it towards its goals.

Core Competencies

Fundamental strengths or advantages of a business or organization that give it a competitive edge.

Organisational Resources

Assets, including human, financial, physical, and information resources, that an organization utilizes to achieve its objectives.

Operating Objectives

Short-term goals that an organization aims to achieve, focusing on the daily functioning and operations.

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