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Objectives• Evaluate the value of an existing franchise and assess if the investment is sound.• Evaluate the ongoing support a franchisee will receive and if it is adequate for the industry.• Research competition and alternatives to a franchise opportunity.
DescriptionSchool of Rock represents a franchise opportunity for children and young adults to continue with music education that may not be available as part of the curriculum in elementary and secondary schools. Students are asked to evaluate the pros and cons of this franchise from both a financial and business basis. In addition to evaluating the franchise, students are asked to compare similar franchises and compare the advantages and disadvantages of the School of Rock to launching an independent music education business.
Instructions• Read the case on pp. 542 of the text.• Review the following:o writeonline. (n.d.). Case study report.• Analyze the case, completing the list of questions.• Write up your analysis in a 5-page paper and submit it to your professor.• Review the rubric for this assignment.• Submit your assignment through the link below.• Your professor will review and grade your idea and return it with comments.
Textbook: Entrepreneurship - Successfully Launching New Ventures FOURTH EDITION by Bruce R. Barringer and R. Duane Ireland
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