Assignment 1: “Five Guys Burgers and Fries: Ingredients for Success” October 24, 2012 Using the Wiley Plus resources, go to the “Five Guys Burgers and Fries: Ingredients for Success” example. Write a three to four (3-4) page paper in which you: 1. Determine how Five Guys’ philosophy sets it apart from other fast-food chains. 2. Analyze the original values for the start-up company and how it remains strong today.
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Five Guys Burgers and Fries Restaurant Five guys burgers and fries is one of the most successful stories in the United States , they started the business in Arlington, Virginia in 1986. During the time, Jerry Murrel children said, "that they were not going to go to the college", their parents used their college funds and tried to get help from the bank but the bank refused to give them the money for their business, so they opened small hamburger take-out-shop by renting a place nobody else wanted
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Entrepreneurial Leadership Trenna Green Dr. Jean Fonkoua Business508 Contemporary Business October 28, 2013 This paper evaluates five published reported articles and the results are based on research organized from various resources including my personal analytical opinion about entrepreneurial leadership. Organizing a group of people to achieve a common goal using proactive behavior by optimizing risk, innovating to take advantage of opportunities
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Five Guys is a large fast-food chain restaurant that stands out among the rest. They have different philosophies that set them apart from other fast-food companies. Many of the values that Five Guys started with have made them succeeded and are still a huge factor in their success today. After being around for seventeen years, Five Guys decided to start franchising the company, which lead to a large success in such a short amount of time. We will also
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Entrepreneurial Leadership BUS508 25 July 2013 Determine how Five Guys’ philosophy sets it apart from other fast-food chains. “Do you want to flip burgers your whole life!” How many times has a parent said this? Even though this is usually said out of sarcasm this line of work has been very good for the Murrells. The founder and owner of Five Guys Burgers and Fries Jerry Murrell started with a business plan of keeping their business limited and simple and sticking by his philosophy of providing
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Entrepreneurial Leadership Five Guys was founded in 1986 by Jerry and Janie Murrell and their sons, all five of whom are part of the business. The first location, which no longer exists, was in the Westmont Shopping Center, and by 2002, the family ran six locations in Northern Virginia. The restaurant gained popularity among locals and visitors alike, and its franchises grew rapidly over the years. In August 2010, they had more than 670 locations across America and Canada. When his sons decided
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chains in relation to their philosophy, their original values as a family run business all the while giving contributions of success. You will see how the ethical and social practices of this family business as paved a customer appreciated restaurant of today with old fashion hard work and common sense. Assignment 1 – “Entrepreneurial Leadership” Determine how Five Guys’ philosophy sets it apart from other fast-food chains? In today’s fast food market chains businesses have to focus more on
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Determine how Five Guys’ philosophy sets it apart from other fast-food chains. Sell a really good, juicy burger on a fresh bun. Make perfect French fries. Don't cut corners. That's been the business plan since Jerry Murrell and his sons opened their first burger joint in 1986. When they began selling franchises in 2002, the family had just five stores in northern Virginia. Today, there are 570 stores across the U.S. and Canada, with 2009 sales of $483 million. Overseeing the opening of about four
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1. Determine how Five Guys’ philosophy set it apart from other fast-food chains. In a world full of business competition , when a business comes into fruition, it needs to find a way that sets them aside from the competitors. Five guys from the beginning, their philosophy was to keep it simple with a small town feel and use high quality foods. They use all fresh meat, not frozen, cook their foods in peanut oil and the food is made while you wait. Unlike their competitors, they grill their
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Leadership Jaikenna Frails Professor Gary Shelton BUS 508 Contemporary Business October 27, 2013 In 1986, Five Guys Burgers and Fries opened its first location in Arlington, VA. Jerry and Janie Murrell’s four sons did not want to go college so they advised them to open a business instead. They decided on a burger and fry establishment but it would be much different from the rest. Five Guys mission statement simply states, “We are in the business of selling burgers”. Their goal is to “sell the best
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