After reviewing the video on the Sonic franchise, I have come to the conclusion that the franchise has live winnerful from the handing overs of its crinkle ownership. The company was born from the idea of a sole proprietor, troy Smith in 1954 and has since then develop a large corporation, with over 3,000 franchises across the United States to date.
It is go on that the franchise would not have been as successful if it remained to point under a sole proprietorship style of ownership. It was correct in the beginning under this style of ownership creation that the whole idea of fast food restaurants were just victorious off during this time. However with troy weight Smith innovation of puzzle thru dining took off it was inevitable that this concept would require more than than one individual managing this style of business. Later on Troy Smith partnered with Charles Pappe to form a partnership. Pappes ideas help transition the business to another level. The advantages were, the business was profitable and the product was in high demand. The disadvantage was that it was growing too fast and the harvest-home of the business became overwhelming. Soon other entrepreneurs became interested in the business and wanted to start franchises as well. That was the beginning of the Sonic we hump today.
With the demand of the franchisees, supply and distribution had to come into play and last Sonic became a corporation. It was necessary for money to be generated to assign and open new franchises so eventually they business became publically traded. They rest is history.
Besides the transition of the ownership styles to keep up with the growth of the company, there are other factors that contribute to the success of the Sonic franchise. Innovation plays a key factor to its success. Troy Smith idea of drive-thru service was genius, during a post struggle era when cars became more abundant to society. People used this as a social gathering and enjoyed good food at the...If you want to get a full essay, order it on our website: Orderessay
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