Premium Essay

Case 13-01

In:

Submitted By dgiles
Words 665
Pages 3
Read “Application Case 13-1: Dunkin’ Donuts and Domino’s Pizza: Training for Quality and Hustle” and answer the following questions. 1. What are the strengths and shortcomings of a decentralized approach to training managers and hourly employees? Discuss. 2. Develop a plan for determining the training needs of the hourly paid staff of a Domino’s pizza franchise. 3. In your opinion, why was the turnover rate among management trainees in Dunkin’ Donuts’ centralized program so high?

A decentralized approach to training managers and hourly employees of Dunkin Donuts and Domino Pizza has various strengths and weaknesses. Some of the strengths of decentralized training to training managers are that decentralized training program provide the managers with both theoretical and important practical skills. The managers are able to put into practice what is required by corporate through on the job training. They are also bale to develop interpersonal skills by working effectively with others during their training and evaluating are things are done and run and how decisions are made. Similarly as they are often trained by experienced store managers or franchise owners they get to have an ongoing experience of how a store operates and how to deal with employees they will be managing (Ivancevich, 2010). For Dunkin Donuts, a decentralized approach to training proved efficient and less costly by dropping training costs from $418,000 to $172,000 (Case study, n.d.). It also creates realistic job expectations by putting in view what the role of the manger trainee will be in the business.

Drawbacks to a decentralized approach to training of managers include: Inconsistency, costly, quality of instructor and important regulatory component in training. Decentralization of training often result to inconsistency in training as different regions though use the

Similar Documents

Premium Essay

Case 13-01 Refer-a-Friend Program

...Case 13-01 Refer-a-Friend Program “Runway Discount (“Runway” or the “Company”) is a privately held online retailer that sells discounted high-end fashion. In an effort to increase its sales and customer base, Runway implemented a customer referral marketing campaign (the “Refer-a-Friend Program”) whereby existing customers can refer friends to Runway and receive a $25 credit towards the purchase of future merchandise”(Deloitte.com, n.d.). Runway offers a $25 gift card to the customers who refer a friend. The gift card is being sent when the new referred friend makes first purchase. The $25 Referral Credit is recorded in Runway’s Income Statement — as a marketing expense. According to FASB Accounting Standard Codification, 605-50-45-1,“A vendor may give a customer a sales incentive or other consideration addresses the circumstances under which that consideration is either: • a. An adjustment of the selling prices of the vendor’s products or services and therefore characterized as a reduction of revenue when recognized in the vendor’s income statement • b. A cost incurred by the vendor for assets or services received from the customer and therefore characterized as a cost or expense when recognized in the vendor’s income statement” FASB Accounting Standards Codification. (n.d.). Also, According to FASB Accounting Standard Codification, 605- 50-25-3“For a sales incentive offered voluntarily by a vendor and without charge to customers that can be used or that becomes exercisable...

Words: 461 - Pages: 2

Premium Essay

Public International Law

...constitutional jurisprudence, constitution, role and functioning of state machineries of Bangladesh namely Parliament, Executive & Judiciary. | Course objectives: | The course on Constitutional Laws of Bangladesh intends to help the students understand the premises and periphery of Constitutional Jurisprudence as well as the compostion, functioning of the basic organs of Bangladesh and their role in ensuring the rights of people. | Teaching Method: | Lectures, assignments, interactive sessions, oral presentation, group work etc. | Prerequisites: | Fulfilment of the criteria determined by the University must be ensured. | Course schedule/ Class schedule Week | Class Date | Topic | Reading assignment | Work assignment | 1 | 03-11-13 | Conceptualizing Law, Defining Constitution,...

Words: 1511 - Pages: 7

Premium Essay

Ba 352 Quizes

...Chapter 01 Legal FoundationsChapter 01 Legal Foundations 1. Much of the origins of the law dealt with issues related to _______. ________________________________________ 2. When the United States Supreme Court formally recognized their role in achieving equality for all Americans during the civil rights movement, they were following a ________ philosophy. ________________________________________ 3. Attorneys who work for a company and are part of the executive or mid-level management team are specifically referred to as ________ counsel. ________________________________________ 4. Attorneys, particularly in a business context, are also referred to as _______. ________________________________________ 5. Measures of judicial action intended to compensate an injured party in a civil law suit are called _______. ________________________________________ 6. Equitable rules used in the context of Common Law rules that guide courts in deciding cases or controversies are called equitable _______. ________________________________________ 7. Judicial opinions are also known as the ________ of the case. ________________________________________ 8. A collection of uniform legal principles focused on a particular area of traditional state law is called ________ of the law. ________________________________________ 9. Trial lawyers are also referred to as _______. ________________________________________ 10. ________ are recognized as binding...

Words: 10401 - Pages: 42

Premium Essay

Ba 352 Quizes

...Chapter 01 Legal FoundationsChapter 01 Legal Foundations 1. Much of the origins of the law dealt with issues related to _______. ________________________________________ 2. When the United States Supreme Court formally recognized their role in achieving equality for all Americans during the civil rights movement, they were following a ________ philosophy. ________________________________________ 3. Attorneys who work for a company and are part of the executive or mid-level management team are specifically referred to as ________ counsel. ________________________________________ 4. Attorneys, particularly in a business context, are also referred to as _______. ________________________________________ 5. Measures of judicial action intended to compensate an injured party in a civil law suit are called _______. ________________________________________ 6. Equitable rules used in the context of Common Law rules that guide courts in deciding cases or controversies are called equitable _______. ________________________________________ 7. Judicial opinions are also known as the ________ of the case. ________________________________________ 8. A collection of uniform legal principles focused on a particular area of traditional state law is called ________ of the law. ________________________________________ 9. Trial lawyers are also referred to as _______. ________________________________________ 10. ________ are recognized as binding...

Words: 10401 - Pages: 42

Premium Essay

Ifrs

...Introduction ACCOUNTING FOR LEASES FASB 13 (as amended) Synopsis: A lease that transfers substantially all of the benefits and risks of ownership should be accounted for as the acquisition of an asset and the incurrence of an obligation by the lessee and as a sale or financing by the lessor. The chart below includes the BASIC criteria you must learn to classify leases. We will also do more complicated examples that will require FARS research. U.S. GAAP CRITERIA FOR CAPITALIZATION: FOR LESSEE AND LESSOR: (must meet at least one) A1 - TITLE TRANSFERS. The lease transfers ownership of the property to the lessee by the end of the lease term. A2 - BARGAIN PURCHASE OPTION. The lease contains an option to purchase the leased property at a bargain price. A3 – ECONOMIC LIFE. The lease term is equal to or greater than 75% of the estimated economic life of the leased property. A4 – RECOVERY OF INVESTMENT. The present value of the minimum lease payments equals or exceeds 90% of the fair value of the leased property less any investment tax credit retained by the lessor. FOR LESSOR ONLY: (must meet both) B1 - COLLECTIBILITY. Collectibility of the minimum lease payments is reasonably predictable. B2 - NO UNCERTAINTIES. No important uncertainties surround the amount of unreimburseable costs yet to be incurred by the lessor under the lease. We will work through a variety of examples. In some cases, we will classify the lease and do journal...

Words: 5354 - Pages: 22

Premium Essay

Psychological Perspectivr

...Issue Date | Effective Date | Subject | 16-Jul-15 | 01-Aug-15 | Panel of Auditors of BSEC | 14-Jul-15 | 21-Jul-15 | BSEC makes amendments of Directive No. BSEC/Surveillance/2014-0840/683 dated July 14, 2015 | 08-Jul-15 | 08-Jul-15 | Amendment of the Order No. SEC/CMRRCD/2009-193/104/Admin/26 dated July 27, 2011 | 08-Jul-15 | 08-Jul-15 |  Conversion guideline for close-end to open-end mutual fund | 30-Jun-15 | 30-Jun-15 | Order for Extension of Suspension of Rule 3(5) of the Margin Rules 1999 | 30-Jun-15 | 30-Jun-15 | Regarding the maintenance of provision against unrealized losses arising from investment in mutual fund units | 22-Jun-15 | 22-Jun-15 | Gazette of Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 | 11-Jun-15 | 11-Jun-15 | Exemption to the foreign owned companies and the joint venture companies with foreign investment form the compliance of the Commission's Notification No. SEC/CMRRCD/2006-159/36/Admin/03-44 dated May 5, 2010 | 14-May-15 | 14-May-15 | Directive regarding distribution of dividend, fractional bonus share and rights share to the margin accountholders of the stock brokers | 13-May-15 | 17-May-15 | Order regarding circuit breaker (here it is given the upward and downward price limit of the reference price) | 04-Mar-15 | 04-Mar-15 | Repeal Directive No. SEC/SRMIC/2007-18/1178/270 dated October 12, 2011 | 02-Feb-15 | 02-Feb-15 | IPO approval Procedure | 27-Jan-15 | 27-Jan-15 | Directive No. BSEC/Enforcement/2137/2014/20 dated...

Words: 2769 - Pages: 12

Free Essay

Maths Di

...Stage II Maths Studies | Directed Investigation - CODES | | | | Suppose all letters are given a number from 1 to 26. E.g. a=1, b=2, c=3 etc then “put out the cat” becomes 16 21 20 15 21 20 20 8 5 3 1 20. If we use the following randomly chosen matrix A= 1483852321 ------------------------------------------------- as a multiplier for each of these then ‘put’ = B = 16 21 20 becomes 452 273 110 1. Verify this and ascertain the code for “out”, “the”, and “cat”. How can this message be coded by one matrix calculation? PUT = 16 21 20 x 1483852321 = 16 x 14+21 x 8+20 x 316 x 8+21 x 5+20 x 2(16 x 3+21 x 2+20 x 1) = 224+168+60 128+105+40 (48+42+20) ------------------------------------------------- = 452 273 110 OUT = 15 21 20 x 1483852321 = 15 x 14+21 x 8+20 x 315 x 8+21 x 5+20 x 2(15 x 3+21 x 2+20 x 1) = 210+168+60 120+105+40 (45+42+20) ------------------------------------------------- = 438 265 107 THE = 20 8 5 x 1483852321 = 20 x 14+8 x 8+5 x 320 x 8+8 x 5+5 x 2(20x 3+8 x 2+5 x 1) = 280+64+15 160+40+10 (60+16+5) ------------------------------------------------- = 359 210 81 CAT = 3 1 20 x 1483852321 = 3 x 14+1 x 8+20 x 33 x 8+1 x 5+20 x 2(3x 3+1 x 2+20 x 1) = 42+8+60 24+5+40 (9+2+20) = 110 69 31 This message can be coded by one matrix calculation by putting it vertically in a 3 x 4 matrix and then multiplying it by the randomly chosen matrix like so: C A T T H E O U ...

Words: 2029 - Pages: 9

Premium Essay

Mi Rasss

...associated with low potential returns, whereas high levels of uncertainty (high-risk) are associated with high potential returns. According to the risk-return tradeoff, invested money can render higher profits only if it is subject to the possibility of being lost. | | Investopedia explains 'Risk-Return Tradeoff'Because of the risk-return tradeoff, you must be aware of your personal risk tolerance when choosing investments for your portfolio. Taking on some risk is the price of achieving returns; therefore, if you want to make money, you can't cut out all risk. The goal instead is to find an appropriate balance - one that generates some profit, but still allows you to sleep at night. | Monthly Share price | |   |   |   | from 02/01/08 - 03/12/12 | |   |   |   |...

Words: 2067 - Pages: 9

Premium Essay

2012 Training

...intelligence and training delivered by industry experts. If your objective is to enrich your own skill set, or support the development of your team through investment in training, so that their enhanced knowledge increases operational efficiency and contributes to your company’s long-term success, we are committed to providing outstanding development solutions. Full details of our comprehensive training programmes, which have been specifically created for the private equity & venture capital industry, follow. For further information or to book your place, please telephone the BVCA training team on +44 (0) 20 7420 1800 to discuss your needs. CPD points available on all BVCA programmes. Visit www.bvca.co.uk/training/cpd for details. • Use of case studies and participative break-out sessions to ensure skills can be directly applied • Courses for every level of experience: from foundation through to advanced • Highly participative courses to enable sharing of best practice and...

Words: 5609 - Pages: 23

Premium Essay

The Great Marijuana Debate

...The Great Marijuana Debate Cory Williamson Keri Keith University Composition and Communication 2 May 08, 2014 The Great Marijuana Debate A question that has been asked over decades is “What should the US do about marijuana?” Recently Colorado voted for the legalization of recreational marijuana, and according to the New York Times article by Rick Lyman (2-26-14), the state is bringing in more money than expected. There are Arguments for and against the legalization of marijuana. Some of the arguments for legalization are the medical benefits, high taxation dollars, and the creation of new jobs. Those who oppose the legalization of marijuana cite a higher crime rate, consequences of smoking to both the user and the family, and more people becoming addicted. The medical advantages of marijuana are well documented, but many people prefer to keep it illegal; however, economic possibilities compared to criminal consequences show the benefits of legalization. “Something that cannot be argued is the stimulation that selling and taxing marijuana would provide to both the state and national economies,” according to Rick Lyman. Colorado governor John Hickenlooper, in a CNN.com interview with Evan Perez (2-17-14), said that marijuana shops opened in Colorado and the revenue from sales alone was over one million dollars. Colorado also has a 12.9 percent tax rate statewide on regulated recreational marijuana. Using those statistics, the predicted sales and tax...

Words: 1462 - Pages: 6

Premium Essay

Corporate Finance

...Summary of the Case:  The manager has four Government of Canada bonds in the portfolio with $10 million in each bond as of today February 20 2012  The manager is following a rate-anticipation strategy with the goal of maximizing gains (minimizing losses) as of the June 1 2012  The manager has come to our team for advice on how to adjust this portion of the portfolio in order to achieve capital gains Today’s Bond Portfolio Canada 3.500 Jun 01/13 Canada 1.500 Nov 01/13 Canada 4.000 Jun 01/17 Canada 4.000 Jun 01/41 A) The Bank of Canada and TD Economics have listed the various yield-to-maturity rates for the four bonds listed above (http://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/?page_moved=1) (http:// www.td.com/document/PDF/economics/special/ds_jan12.pdf ) YTM (Feb 16 2012) YTM (1 Jun 2012) Canada 3.500 Jun 01/13 1.09 1.12 Canada 1.500 Nov 01/13 1.09 1.51 Canada 4.000 Jun 01/17 1.30 1.55 Canada 4.000 Jun 01/41 2.5 2.75 B) Bond YTM Today Present Value FC YTM June Value as of June % Change 3.5 Jun/2013 1.09 $1,02,98,400 1.12 $1,02,36,016 -0.61% 1.5 Nov/2013 1.09 $1,00,67,668 1.51 $99,98,600 -0.69% 4.0 Jun/2017 1.3 $1,13,65,925 1.55 $1,11,74,363 -1.69% 4.0 Jun/2041 2.5 $1,31,70,225 2.75 $1,25,42,250 -4.77% Total $4,49,02,218 Total $4,39,51,229 -2.12% Assumptions:  Total Face Value of investment in each bond = CAD 10 million ...

Words: 1253 - Pages: 6

Premium Essay

Critical Essay. the Poor Economic Climate in the Uk and the Affect's on the Marketing Mix of a Start-Up Retail Venture in the High Street.

...in the high street. This essay will walk through the processes of starting a retail business venture in the high street and discuss how the economy and the marketing mix directly effects each step. To do this it will be vital to explore the current economic climate and what a poor economic climate means? A definition of a poor economic climate “a recession is a decline in growth, domestic product for two consecutive quarters and a depression as a prolonged recession resulting in falling prices, reduced purchasing power, excess in supply, unemployment, and a general reduction in business activity” (Downes,j.,& Goodman,J.E.(1995).Dictionary of finance and investment terms Hauppage,nj:Barron’s educational series) This has been the case for the UK since 2007 as we are in what is known as a double dip recession narrowly escaping a triple dip recession. (BBC News 2013, http://www.bbc.co.uk/news/business-22290407) This downturn indicates that the UK is indeed suffering from a poor economic climate having the effect of less spending and so less trade occurring in the local, regional, continental, or global marketplace. How this relates to a start up venture in the high street has both negative and positive effects. To look at each of these effects it is best to look at the entire process of starting a new company and the effects upon the marketing mix and explain its importance. Extended version includes...

Words: 1935 - Pages: 8

Premium Essay

Marketing 6336

...Course Syllabus MKT 6336-0I1 Jindal School of Management The University of Texas at Dallas | Course Info | Tech Requirements | Access & Navigation | Communications | Resources | | Assessments | Academic Calendar | Scholastic Honesty | Course Evaluation | UTD Policies | Course Information Course Course Number/Section Course Title Term MKT 6336.0I1 Pricing Spring 2014 (January 13 – May 12) Professor Contact Information Professor Ram Rao Office Phone 972-883-2580 Email Address rrao@utdallas.edu Office Location SM 3.701 Teaching Assistant Office Email Address Administrative Assistant Office Phone Email Address Mohammad Zia McDermott 1.406N Mohammad.Zia1@utdallas.edu Andrea Hapeman SM 3.704 972-883-4743 andrea.hapeman@utdallas.edu Course Pre-requisites, Co-requisites, and/or Other Restrictions MKT 6301 or equivalent Course Description Pricing is the way a firm produces revenues from the value created by its product offerings. Much of marketing involves activities that are costly for the firm, while revenue generation depends on pricing that is sustainable and profitable. Students in this course will learn both the principles that can guide pricing and the practical considerations that make pricing a challenge. Sustainable and profitable pricing stands on three legs: costs, competition and consumer value. Some managers focus too much on costs, while others focus too much on competition. Decisions made in this way are typically not good. As we will see in this course, a manager...

Words: 3003 - Pages: 13

Premium Essay

Da Nang Spring

... 2) Course Textbook(s)/ Resources: a) Main books: Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 2nd edition, 2010. Or Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 3rd edition, 2013 b) Reference books or resources: * Harvard Business Review * John D. Ashcroft, Jane E. Ashcroft, 2010, Law for Business, 17th edition, Cengage Publication, ISBN 13 9780538749923 04.02e-BM/DH/HDCV/FU 1/2 1/9 3) Implementation plan in details | | | | | | | | | | | | | | | | | COURSE SCHEDULE | | | | | | | | | Week | | Date | | | Back to Syllabus | | | | | | | | | | | | | | | | | | | | | | | | | | | | ***QUIZ 3 is incidental to the class and has a focus on any of Case assigned in | | | | | | | |...

Words: 2283 - Pages: 10

Premium Essay

Innocent Killed Cases

...MAJOR CASES OF TERORIST INCIDENTS/BOMB BLAST IN THE HINTERLAND FROM 1989-2015 Date Incident SFs/Civilian causalities Case Particulars Judgment on Killed Injured 27.08.1989 Innocent Killed: 10 undefined KLF (Budhinghwala0terrorist indulged in indiscriminate firing in a passenger train at Kabarwala (Faridkot). AK 47 Rifles, stenguns, pistols etc. were used in the massacre. 17 16 10.01.1990 Bomb Explosion: 3 Security personnel including Commandant, 75 Bn.PAP along with 01 sub-inspector and 01 constable were killed while 30 others injured through explosion of a bomb caused by KFC outfit, planted in the water cooler and operated through a time device in PAP Complex, Jalandhar, Punjab. 03 30 07.03.1990 Innocents Killed: KFC extremists...

Words: 919 - Pages: 4