Firm Research Term Paper Example | Topics and Well Written Essays - 1000 words

Firm Research - Term Paper Example In order to spread its business across the United States, the company follows a franchising business expansion strategy. Five Guys increased its number of locations 6 in 2002 to more than 670 in 2010 (Restaurant News.com, 2011). The company has received several awards for its quality foods and service efficiency. Although Five Guys was rated as one of the fast developing and most profitable food chains in US in recent years, it still does little amount of business the federal government. Since Five Guys is a small business, the company has to take several actions to be able to participate in federal government contracting actions. Firstly, Five Guys has to register with the Central Contractor Registration (CCR) in order to be a federal contractor. The CCR is an online data-base of companies maintained by the federal government so as to find firms wanted to do business with the government. Governmental agencies will search this database to choose prospective partners. Once this registration process is completed, the company should enter its business profile information on the Dynamic Small Business Search page. As per SBA guidelines, by creating a business profile in CCR and Dynamic Small Business Search and keeping the profile information up to date, Five Guys can ensure that it has access to various federal contracting opportunities. Five Guys’ business profile containing detailed business information would assist contracting officers, prime contractors, and state and local government buyers to learn well about the organization. If the organization has competitive strengths and capabilities over other, it will be chosen immediately (U. S. Small Business Administration, n.d). It is a general misconception that small business organizations have to compete head to head with large corporations to win contracts. In reality, the federal government has created wide categories of