We discussed the site plan Brandon just submitted to build a new Dunkin' Donuts store in the area. We talked about how he chose that site, how he is dealing with the other franchisees, the type of information that goes into the site plan, etc. We discussed several articles from the Dunkin' Donuts corporate web site including one about NFL quarterback Drew Breeze partnering with a Florida franchisee to build 69 new stores in Louisiana. Since there are so few sites available in Palm Beach County, the next best option would be to buy stores at a premium since there is a lot of competition for buying stores.
We researched the monarchies of the world, which ones are still in existence, how they participate in the government or not, the difference between absolute monarchies such as Saudi Arabia and constitutional monarchies such as the United Kingdom.
Brandon took me through the final results of the Glo-Bus project - they came in 2nd overall. He showed me how he employed what he learned about strategy, marketing, operations, finance, human resources, ethics, and corporate compliance. During the project, he used the best-cost provider strategy.
We talked about Brandon's plans for the future, what he wants to do and what he wants to accomplish. We discussed Dunkin Donuts product strategy, sales analysis for certain products, court cases against DD, and looked at the franchisee list and who was doing what and why. We talked about the purchase of Panera Bread by JAB Holdings.
We worked on his weekly discussion involving reading several articles on isixsigma.com and reporting on the applications of Six Sigma techniques to several companies and discuss some of the drawbacks from implementing it.
We talked about the outcome of last week's Glo-Bus competition. They came in 2nd place for the week and 2nd place overall. We discussed and he changed the parameters for earnings per share, sales, cash on hand, debt to equity ratio, return on equity, pricing, credit rating, marketing, advertising, dealer discounts, special offers, brand awareness, operating expenses, purchase of robots, laying off people, paying people more, labor costs, base wages, investing in work stations, etc.