Explore BrainMass

Explore BrainMass

    External growth resources

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Evaluate at least two external resources for growth and discuss the challenges organizations are likely to face during times of economic difficulty. Recommend additional actions an entrepreneur can take to strengthen the chances of
    executing one of the growth strategies you selected.

    © BrainMass Inc. brainmass.com June 4, 2020, 3:42 am ad1c9bdddf
    https://brainmass.com/business/human-resources-management/external-growth-resources-529620

    Solution Preview

    One possible external resource for growth would be for the firm to expand through franchising. When a firm has processes that can be easily learned and replicated, and has brand recognition sufficient to have broad appeal, franchising may be a valid opportunity for expansion. One great advantage to offering franchises is growth while using other people's money. For example, a firm has an opportunity for rapid expansion, but lacks the capital to grow. By offering franchises, the firm can earn money from franchisees while simultaneously growing rapidly. One difficulty firms may face during times of economic difficulty relative to growth through franchising would be availability of capital. During ...

    Solution Summary

    The expert examines the external growth resources.

    $2.19

    ADVERTISEMENT