1. Starter Say what type of business is shown in each picture = 5mins

2. TOPIC:Topic 1: Business Organization and Environment LESSON TITLE:Franchises COMPETENCY FOCUS: Entrepreneurship (S4): To develop your entrepreneurial skills in preparing a realistic proposal for a new business start-up. You will understand the process a business will have to go through when starting up, including the underlying principles of starting a business. [IB Learner Profile Development: Inquirer] Learning Objectives By the end of the lesson, you should be able to… LO1) To define the term ‘franchise’ LO2) To describe the features of a franchise using examples LO3) To evaluate the use of franchising as a growth strategy. SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development. CRITICAL THINKING KEY: Knowledge Application Analysis Evaluation

3. Franchise “An already established business (Franchisor) offers for sale to other businesses or individuals (Franchisee) the right to use its products, services, logos” Expensive initial payment % money made goes to Franchisor Form of marketing arrangement

4. Let’s Re-cap! Advantages of operating as a franchise Disadvantages of operating as a franchise

5. Business Growth Internal GrowthExternal Growth MergersTakeover

6. Other types of growth… -Joint Venture -Strategic Alliance -Merger -Takeover -Franchising

7. Franchising A business that uses the name, logo and trading systems of an existing successful business i.e. Subway, McDonalds. Involves a ‘Franchisee’ and a ‘Franchisor’.

8. Case Study/Exam Question Case study pg.77 Harry goes it alone

9. Keyword Comprehension Test