Week #6 Learning Activity Essay Example | Topics and Well Written Essays - 250 words

Week #6 Learning Activity - Essay Example Allegra gains various benefits from its strategic planning commitment. Specifically, these benefits are the following: (1) Better communication and relationship with franchisers who are attracted to and appreciate Allegra’s Profit Mastery Program; (2) Efficient time management outcomes that reduce error rates; (4) Lower error rates that reduce production costs and increase profits;(5) Higher customer satisfaction because of reduced error rates; and (6) Improved quality management dedication and outlook (â€Å"Chapter 13† 34) inside the company and among franchisers. Many small businesses fail to do strategic planning because of the following reasons: (1) Business owners do not know or apply the process of strategic planning; (2) They do not have time management skills that can help categorize different tasks by urgency and importance (â€Å"Chapter 13† 5); and (3) They have not built the needed relationships and connections with important stakeholders who will help them in the strategic planning process. Buying a franchise decreases the need for strategic planning because the franchisor designs the strategic plan, since the latter owns the franchise. Nevertheless, franchisers should and can still contribute to the strategic planning process by offering ideas/suggestions and informing the franchisor of issues and problems. In addition, being a franchisee changes the strategic planning process because the franchisee has less autonomy and control over the decision-making process. Franchisers are more of participants than the final decision-makers, especially when compared to sole