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Please read the following hypothetical case, then address each of the following issues in separate paragraphs. Start a new paragraph for each topic. Be sure to include an introductory paragraph to give context to the topics, and a conclusion paragraph (6 paragraphs total). Look for places to bring in outside support for your claims to make your statements more credible and arguments stronger. Your responses should reflect issues you have studied in the unit chapters and must be your own work. As you do incorporate other sources, be sure to clearly identify them as such, using APA, and never use more than 20% of research as support in your paper. Citations go in your paragraphs in parentheses, for example: (Smith, 2018), References are alphabetized at the end under a title: References. For example:
Smith, J. (2018). Building a franchise. BusinessWeek online. Retrieved from https://www….
All submissions are expected to be college level work, with appropriate spelling, grammar, formatting, etc., Your paper must be submitted as a Word attachment (in .doc or .dox format.)
Eddy has the worlds best recipes for Chili and Hot Dogs, and at the urging of family and friends, is finally opening his restaurant, Fast Eddys. He has ample personal resources from his fortune earned as a stock trader, so finance is not a concern. He does however, have limited experience as a business operator, and has some decisions to make. Please address the following questions to help him make his choices.
1. Given the fact that he will be opening a restaurant and knowing a little about his personal situation, what legal form of ownership would you recommend he use? Please give your rationale for your recommendation, including any possible downsides to the form.
2. He anticipates being open for lunch and dinner, with both eat in and take out options available, 6 days a week. Initially, he plans to hire approx. 25 employees. What formal organizational structure would you recommend he use? Provide a simple organizational chart and explain the pros and cons of this choice.
3. Eddy wants to have happy employees, as he believes that will result in better performance. Please make one specific suggestion for a motivating technique he could employ, and explain what motivational theory it relates to.
4. The idea of franchising his idea has crossed his mind. If he were to take that step, what issues, positive and negative, would you anticipate him encountering in the early years of his operation? Make sure you discuss the advantages and disadvantages for Eddy as the franchisor and for any franchisees who purchase the business from him.